Could the Bitcoin be seen as a collectible item ?

delliaerd

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Quote from: CosmicVibe on February 28, 2017, 01:13:27 PM

Hi !

One of the main differences between BTC and traditional money is that the number of coins is limited. As far as I can remember there can only be 21M minus the ones lost forever.

So ,am I the only one to percieve the BTC not mainly for the transaction and payement purpose, but more like a collectible item that will innevitably take value with time ?

Sorry if it sounds silly But i'm still new in the cryto money world Cheesy

Indirectly when you have bitcoin and save it has become an investment asset with a value that is profitable in the future.
So a collection of bitcoin provides many benefits to users of bitcoin.
Actually, both bitcoin and traditional money (fiat) have limited amount. Fiat can not be printed as much without warranty (gold), fiat circulated in a country /or world with limited quantity based on provisions government

webtricks

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Quote from: CosmicVibe on February 28, 2017, 01:13:27 PM

Hi !

One of the main differences between BTC and traditional money is that the number of coins is limited. As far as I can remember there can only be 21M minus the ones lost forever.

So ,am I the only one to percieve the BTC not mainly for the transaction and payement purpose, but more like a collectible item that will innevitably take value with time ?

Sorry if it sounds silly But i'm still new in the cryto money world Cheesy

Yes, you are absolutely right in your observation. But it is not right to rate Bitcoin as collectible. Collectible is something possessing no utility but value due to scarcity. While Bitcoin is limited but can't be considered as very scarce. It is better to refer Bitcoin as investment item!!

Reid

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A digital collection. Wow that is new.
But I have to agree with it. It is like a collectibles for me.
We hold it and treat them as a precious stone like gold.
We try to stock some more thinking about the future that it can give us.
Aint that what a collectible is. Something like a hobby of collecting things the difference is just it dont have a physical attribute.

aso118

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Quote from: countryfree on February 28, 2017, 06:17:45 PM

Absolutely not. Being a collector and regularly trading with other collectors, none of us would ever consider collecting BTC.
A collectible is something you can enjoy looking at. Collectors also very much enjoy showing their collectibles to others. You can't do that with BTC.

Maybe people should just start collecting physical bitcoins. The Casascius physical bitcoins are a collectors' item now.
Plus people have been known to pay a premium for unspent bitcoins from the block reward. A kind of "pure" collectible.

nicolecan13

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Bitcoin can be seen as a collectible item because as we are trading or buying it, its already considered as collected and so many people who is familiar with bitcoin is desiring to gather or collect it and use it for further transaction.

Sundark

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History of bitcoin shows us that it will slowly became exactly what Op is talking about, a collectible item.
Bitcoin worth is regulated by Supply and Demand 101, once useless and regarded as nothing but worthless virtual currency is now the best store of value investment.
If something is limited it will be collectible item, most of us don't realize that yet.

Pettuh4

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Quote from: CosmicVibe on February 28, 2017, 01:13:27 PM

Hi !

One of the main differences between BTC and traditional money is that the number of coins is limited. As far as I can remember there can only be 21M minus the ones lost forever.

So ,am I the only one to percieve the BTC not mainly for the transaction and payement purpose, but more like a collectible item that will innevitably take value with time ?

Sorry if it sounds silly But i'm still new in the cryto money world Cheesy

At the moment it's a collectible item because everyone hopes for the prices to escalate in a the near future and Bitcoin is still mineable with more miners joining by the day to collect their fair share of it. So until the part coin is mined and the prices stabilized it will collectible item.

Zadicar

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Just like most members said here yes you can treat it as a collectible item since you could able to kept a physical form of bitcoin which is really great even though most of us treat it as a digital currency but having a physical form really a great thing.

Dmitry.Vastov

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Yes, you can treat it as a collectible item. As a matter of fact, some bitcoin owners literally make it collectible by creating coins which they engraved the private keys on it. You can find some examples of it on Marketplace->Auction. You can buy one if you want. Now, this is collectible because it has a physical form.

FlightyPouch

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There are a lot of people nowadays who really want to earn bitcoin and also earn real money by exchanging it. In short they are treating bitcoin as a stock then make money when the right time comes.

bitbunnny

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In theory yes, but in practice this would be very difficult since Bitcoin has only digital form. And what kind of collectible value could have other then real value as a payment currency? I think Bitcoin will not become collectible item, this is just to complicated and somehow it makes no sense.

dmamigo

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You can use it as a virtual collectible, like many people likes to collect gold as collectible but its physical.
But I would prefer to use it rather as a money making and transacting opportunity as its quite easy to use if compared with other Payment Processor.

Nahl

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for me bitcoin cannot be consider as collectible item because i consider the items should be physical and bitcoin has no physical but it depend on the person them self in assessing the meaning of collectible items but i have my words that bitcoin isn't collectible items

rajasumi3

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No i dont think that it will be used as collectible .
Bitcoins is always used for daily day use and some people exchange them with fiat as their bitcoin is not widely used.noone other than less the price of bitcoins would increase a lot and not a item for collection.

TGD

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Quote from: CosmicVibe on February 28, 2017, 01:13:27 PM

Hi !

One of the main differences between BTC and traditional money is that the number of coins is limited. As far as I can remember there can only be 21M minus the ones lost forever.

So ,am I the only one to percieve the BTC not mainly for the transaction and payement purpose, but more like a collectible item that will innevitably take value with time ?

Sorry if it sounds silly But i'm still new in the cryto money world Cheesy

No collectible items will be different in BTC you can use btc any time you like it. Even you don't use it now time will come if needed you will use it. BTC is something like growing money many investors save thier BTC now for profit purposes they believe they can earn more holding it for long time.

mobnepal

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Supply is limited so there will be no inflation like normal fiat. Demand is increasing day by day for bitcoin while supply is decreasing with time. In early days 50 bitcoin was generated in every 10 minutes but right now only 12.5BTC is generated on the same time. After near 2140, no any new bitcoin can be mined.

Bitcoin is already being considered as GOLD 2.0, gold that can't be touched with hand. Wink

Xester

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Quote from: CosmicVibe on February 28, 2017, 01:13:27 PM

Hi !

One of the main differences between BTC and traditional money is that the number of coins is limited. As far as I can remember there can only be 21M minus the ones lost forever.

So ,am I the only one to percieve the BTC not mainly for the transaction and payement purpose, but more like a collectible item that will innevitably take value with time ?

Sorry if it sounds silly But i'm still new in the cryto money world Cheesy

In some manner we can say bitcoins as a collectible item since you really want to get hold of bitcoin. But in general term we cannot call it a collectible item since bitcoin is not made to be bought and just store in your cabinet or drawer. Bitcoin has a value as a currency that is why its purpose is to be used in buying thing or selling things online. But if you want a collectible item there are bitcoin commemorative coins that are available in a limited supply.

danherbias07

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That will be the first thing that will come in to your mind when the truth about the 21 million limit will be revealed to you. Kind of what is happening now. Trying to hold more and more to keep the prices going up due to demands.
It will be a question to whom will have the patience to not be tempted with this bloating price that is going on. If you can keep up holding it then it will be better.

warwar

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Yes ofcourse.As an virtual collectible thing and even an physical collectible its good to collect.Storing and using bitcoins is already considered as collecting bitcoin as a souveneir or for financial thing.Also you may collect physical bitcoins and other physical coins for sale for collection of your own

severaldetails

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I would not see bitcoin as a collectible item.
A collectible item is something that you want to have, there is no direct plan in selling it later.
And to me collectibles are limited to a small number. 21 million is not a small number, especially when you can devide it into 100 million satoshis each.
The term currency fits more I think.
Per definition a currency is a medium of exchange, and that is what you do with bitcoins sooner or later. You exchange it against something else.

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