Topic: Do you think Numismatists hate Bitcoin? (Read 333 times)
Why hate? The less people are interested in physical assets, the more numismatists get what they want. At least, that's my unsophisticated hypothesis, lol
I believe that numismatists are neutral about cryptocurrency, and especially to bitcoin. Of course, if such a person is not involved in cryptocurrency. people who collect coins or stamps, it is important for them to have a collection in their hands, so that there is an opportunity to evaluate them physically. And any exhibit whose value is on the Internet is not too important for them. To a greater extent, numismatists are conservatives and very rarely high technologies may interest them.
I am a little numismatist, I have coins from about 150 countries, but there is nothing connected with cryptocurrencies. Because there is a huge number of tokens on the market that only depict Bitcoin and are not it, but buying a real coin with a code is too expensive, then it’s cheaper to collect gold or platinum coins.
Casascius physical bitcoins is normally not dated,
i haven't really checked Casascius coins but apparently there are different versions, some contain bitcoin (mini private keys that hold bitcoin).
so they ARE dated, in fact their dates are the strongest and the most decentralized dating mechanism that you can hope for. how? it is linked to coins (a transaction output) on the bitcoin blockchain. the transaction that is included in a block that has a timestamp
Aside from Casascius coins, are there any ways to identify a bitcoin as collectible? Let's say block height or something. I assume eventually some bitcoin may be worth more than others, particularly older bitcoin. Does anyone know of a way you can see what height the bitcoin you own was mined? Does it basically just involve tracing the transaction history?
Do people think that eventually there will be collectors that try to accumulate older bitcoin over later bitcoin?
They tend to stockpile old coins, historical coins. So I think they do not hate this crypto money. And the art of meditation will last for a long time. Binetin may not fit in with some current ideas about money because that is something that many are struggling to grasp the full potential. its. Nothing to hate bitcoin. They can still collect coins in the form of fiat coins and also have physical bitscoin available. By the definition of this term, we can say that this does not hate bitcoin because bitcoin is a form of digital currency and it is also used for payment purposes only.
how? Numismatists will debate this until they are green on the face, but PCGS and NGC are generally accepted in the market. Usually people just like others, or they have invested too much with a brand to make cost-effective conversions (think camera lens or set of registers). In my experience, the distribution of NGC is more accurate, but sometimes still wrong. They also differ on the exact type of currency they claim.
In my opinion, cryptocurrencies not yet soon replace cash money. And art of numismatics will life a long years. So numismatists keep calm!
That's true, i dont think it will be affecting them any time soon 
I do not think that it is against bitcoin as bitcoin falls under the definition of this. Moreover there is no reason to hate this as bitcoin has proved itself and it is the most famous coin in this market. Bitcoin acts like the fiat money but in digital form.
The reason why they might hate this concept is the fact that physical currency would seize to exist. Almost every year when new coins are minted, limited editions of proof sets are minted for collectors of coins and these are never circulated. If Bitcoin takes over, this practice will stop and these collectors will not have an opportunity to buy these "collector" sets.
The price of the previous proof sets will increase, but the practice of printing new sets will stop.
Physical coins are beautiful to look at and some of them contain precious metals.
They still can collect the fiat coins. Also they can collect the physical bitcoins as well.Moreover there is no reason to hate this as bitcoin has proved itself.They tend to reserve old coins, historical coins.
No, Numismatists shouldn’t hate bitcoin. They can collect the physical bitcoins as well as fiat coins. If they collect coins then the circulation of coins will decrease and then the collection will be more valuable.
No, I don’t think that Numismatists should hate Bitcoin. They still can collect the fiat coins. Also they can collect the physical bitcoins as well. And if the adoption of crypto currency increases, then the circulation of coin will decrease and then their collection will be more valuable.
for me i dont think numismatist will be hating bitcoin as of now.
especially since there isn't that great of an effect yet created by bitcoin unto our current financial system.
afterall they could also create a collection of cryptocurrency if they would want too.
especially since there isn't that great of an effect yet created by bitcoin unto our current financial system.
afterall they could also create a collection of cryptocurrency if they would want too.
many countries still do not fully accept bitcoin as a means of payment, but if needed later bitcoin can act as that. depending on the market receive the benefits of bitcoin whether it is feasible or not used as a payment instrument. if it's feasible then the Numismatic community will find this form of bitcoin in the future to learn like other money and coins
Numismatists do not hate bitcoins. It is and intangible and a digital form of a currency that is being demanded globally. and on top of that there are fiat that are going digital too. There seems to be no reason to hate BTC since it has done so much to make the lives of the people better
Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.
Source : https://en.wikipedia.org/wiki/Numismatics
If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?
Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media.
Share your thoughts please.
Source : https://en.wikipedia.org/wiki/Numismatics
If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?
Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media.
Share your thoughts please.
Numismatists will debate this until they're blue in the face, but generally PCGS and NGC are equally accepted in the marketplace. It's akin to the Canon vs. Nikon debate among photographers. Usually people just like one over the other, or they have too much invested with one brand to make switching cost-effective (think camera lenses or registry sets). World coins are where they start to separate. In my experience, NGC's attributions are more accurate, but sometimes still egregiously wrong. One coin came back without a single piece of information (Country, date, or denomination) correct. They also differ in the exact types of coins they certify. If you collect some esoteric things, there might only be only one grading service that certifies that type.
Interesting observation. I am currently buying some graded coins from a local ecommerce site and a lot of the deals are being done with Bitcoin payments. So, these collectors
The reason why I buy old coins now, is to lock in some of the value of my wealth, because I feel that I am currently too invested in Crypto currencies and that I need to diversify a bit.
By the definition of this term, we can say that this does not hate bitcoin as bitcoin is a digital form of currency and it is also used for the payment purposes only. So why it will hate bitcoin as bitcoin is the most reliable and reputed coin in this market.
There is nothing about to hate bitcoin. So I don’t think that the Numismatists should hate bitcoin. They can still collect the coins in the form of fiat coins and also there are physical bitcoins available. If they collect coins, then the coin circulation will decrease and the value will increase.
Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.
Source : https://en.wikipedia.org/wiki/Numismatics
If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?
Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media.
Share your thoughts please.
Source : https://en.wikipedia.org/wiki/Numismatics
If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?
Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media.
Share your thoughts please.
Numismatists will debate this until they're blue in the face, but generally PCGS and NGC are equally accepted in the marketplace. It's akin to the Canon vs. Nikon debate among photographers. Usually people just like one over the other, or they have too much invested with one brand to make switching cost-effective (think camera lenses or registry sets). World coins are where they start to separate. In my experience, NGC's attributions are more accurate, but sometimes still egregiously wrong. One coin came back without a single piece of information (Country, date, or denomination) correct. They also differ in the exact types of coins they certify. If you collect some esoteric things, there might only be only one grading service that certifies that type.
Bitcoin may not fit so well into some current ideas of money in that it is something a lot of persons are struggling to grasp its full potential. Some persons may not as such classify it as money in the traditional sense of it
In my opinion, cryptocurrencies not yet soon replace cash money. And art of numismatics will life a long years. So numismatists keep calm!
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