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Topic: [DISCUSSION] To Load or Not To Load (Read 427 times)

legendary
Activity: 2800
Merit: 1222
Just looking for peace
April 15, 2017, 11:24:40 PM
#13
I think funding an unfunded coin will probably not increase the value, and may even reduce the premium you will get. Simply because the more BTC that's loaded on it the less people who can afford it. You're also trusting keys someone else generated.

Funded coins, especially 1BTC+, are too risky for my tastes. There is so many opportunities for someone to intentionally or unintentionally mess up when generating keys. A new maker would have to prove themselves over a long period that they have a secure system, in my opinion Casascius is the only maker who has meet this requirement. I'm sure others will over time.
 

Agreed!

Loading a unfunded will effect its value!

Funding a Kialara isn't recommended because if you ever need to withdraw, destroying that beauty wont be good




When the Core/Unlimited debate was at it's paroxysm, I figured out that if the BTC blockchain is forked, we should load as much collectibles as we can before the fork since the collectibles will contain the coins on several blockchains.
Would they be more valuable ? Maybe Smiley

yep thats true but will you then crack open the coin to get the privkeys and take out the two types of coins?
I dont see why its good! If you don't peel the holo and just think you have two coins and whenever you want , you can do it!
There's always a chance for one of them(BTU) to dissipate after people realize it sucks, so you will miss on the opportunity.
OR Maybe they stay split like ETH and ETC but no one knows.

Instead keep them on a written paper and redeem the keys when/if fork happens to find your two coins

legendary
Activity: 2464
Merit: 3158
April 15, 2017, 06:49:36 PM
#12
When the Core/Unlimited debate was at it's paroxysm, I figured out that if the BTC blockchain is forked, we should load as much collectibles as we can before the fork since the collectibles will contain the coins on several blockchains.
Would they be more valuable ? Maybe Smiley
Hox
sr. member
Activity: 756
Merit: 299
April 15, 2017, 06:31:09 PM
#11
I think funding an unfunded coin will probably not increase the value, and may even reduce the premium you will get. Simply because the more BTC that's loaded on it the less people who can afford it. You're also trusting keys someone else generated.

Funded coins, especially 1BTC+, are too risky for my tastes. There is so many opportunities for someone to intentionally or unintentionally mess up when generating keys. A new maker would have to prove themselves over a long period that they have a secure system, in my opinion Casascius is the only maker who has meet this requirement. I'm sure others will over time.


 
hero member
Activity: 1035
Merit: 659
friendsofsatoshi.com
April 15, 2017, 05:52:04 PM
#10
Guys, don't freak out, I funded my original Kialara and took the tab off of it.  Grin

No regrets, not looking back, never selling! Also, I'm funding my MOON one when it arrives.

P.S I'm known to crack slabs to free coins as well. You get to write your own rules of what you want your collection to be! (Now if your goal is to maximize returns etc then this doesn't apply)
legendary
Activity: 2674
Merit: 2203
BitcoinPenny.com
April 15, 2017, 05:30:02 PM
#9
I usually don't load them, unless I plan from the start to (probably) never sell that particular coin. For instance, I bought a .999 Fine Silver Unobtanium Bar a year or two ago, and I immediately put a little UNO on it. Every so often, I remember that I have it, then I add a little more UNO. I'll keep it forever and never sell it. It's a fun savings account. (And I stress FUN over the SAVINGS ACCOUNT part.) I might also load one as a gift to someone, but never for resale. It's the trust issue with the private key.

Just my two pennies worth. Wink

Regards,
Chris
hero member
Activity: 2254
Merit: 960
100% Deposit Match UP TO €5000!
April 15, 2017, 04:57:10 PM
#8
If you want to keep it as a "collectable" i would keep it as is.  I do have some cheaper diy coins i loaded but i know the resell on those is nothing really.  Just depends on your motives i think

I loaded my supreme BTC coins, they only have a face value of .05 BTC if I recall correctly

I think DIY coins should be loaded, where assembled non-funded should not be funded, expect those SHIBANU assembled DOGE coins
legendary
Activity: 3640
Merit: 1407
April 15, 2017, 04:44:51 PM
#7
If you want to keep it as a "collectable" i would keep it as is.  I do have some cheaper diy coins i loaded but i know the resell on those is nothing really.  Just depends on your motives i think
legendary
Activity: 3066
Merit: 1348
April 15, 2017, 04:41:58 PM
#6
It depends. Loading it yourself won't give it a premium and it often makes it more difficult to sell (which would take away from the premium you could usually demand).
If you were going to load it then I'd say don't load it more than the denomination marked on the coin. In my eyes it just taints the coin  Grin
legendary
Activity: 1806
Merit: 1164
April 15, 2017, 04:12:27 PM
#5
I won't buy a funded cryptocoin. Titan e.g. has missed out on sales to me because they only sell funded. There are too many choice collectibles to choose from unloaded.
legendary
Activity: 1722
Merit: 1000
April 15, 2017, 03:48:38 PM
#4
Opening up a kialara may ruin it if not done properly, also make sure to wear archival gloves.
Loading up other DIY coins may be good but only for yourself because who's going to trust you with a private key that you created?

Not saying you are not trustworthy just that one thing is if BTCC or Denarium loads it one thing if a private third party does it.
legendary
Activity: 2459
Merit: 1057
Don't use bitcoin.de if you care about privacy!
April 15, 2017, 03:28:21 PM
#3
IMHO best handling of collectibles is: keep it in it's original state.
So funding a collectible is a no no for me.
legendary
Activity: 1806
Merit: 1164
April 15, 2017, 03:20:12 PM
#2
Loading a 2014 original, gold or silver Kialara would be a mistake. Not so much with the Signature Series, since they were designed to be disassembled and the torx driver provided.
full member
Activity: 199
Merit: 100
April 15, 2017, 03:04:27 PM
#1
I'm a sucker for seller-loaded collectibles - Casascius, Denarium, Titan, you name it. I like how the loaded BTC increase an item's value even further, and I love the feeling of holding my BTC physically in my hand. Nothing beats the Titan Gold: 1oz gold + 1 BTC + a beautiful and well-crafted coin. Triple-Good  Grin Grin Grin

I wonder though what your opinion is on collectibles which are owner-funded to their face value? Let's say a Kialara: Would a loaded one increase its value for you beyond the loaded amount, keep its value and just add the BTC value, or even decrease its value (since it'd be "used" or "altered")?
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