This kind of buyer psychology and behaviour - where as the conversion rate of fiat to bitcoin increases the premium buyers are willing to pay goes down - proves that the market still doesn't think of bitcoin as a currency that can stand alone.
If buyers of these coins are always thinking about the coin values in terms of fiat than the market is driven by speculation only and not for the love, armiration, or appreciation of bitcoin or cassascius' role in starting this physical crypto scene.
I don't understand it. It's sad. I'll probably never sell my coins until the buying behaviour comes back around to align with the appreciation "they" all had for these coins during the earliest days.
Question I have on all these coins, all Casascius, Lealana or whoever made the coins is why does the price of BTC affect the coin price. If you were to buy this Gilt coin a few months ago you were looking at 2.2 BTC all day long but now some claim its not worth that being BTC is up. I myself bought a ton of coins as a investment but basically what your saying is I should have just left it in BTC that as BTC rises coin values drop. Why isnt a coin that sold for 2.2 BTC months ago worth 2.2 BTC today? If you were to take a Gilt coin months ago at 2.2btc it had no BCC, BTG loaded either.
Thanks
If we were still paying the same premiums we were paying 3 years ago this Gilt would be 3.5-4BTC. which would be approximately 27k for the premium and 11k for the loaded value (including forks)
Thanks,
didnt know they were that high Ouch!! With that being said coins are not a great investment then.
Granted the price of bitcoin was also $300 each back then so although the BTC value drops the fiat value has been going up.
I'd offer you around 1.3BTC for it.
Didn't Mike sell all these coins for 1.2
BTC?! That's the real "face value" of these coins.
Bitcoin adoption and value soars globally and buyers of Cassascius coins try to squeeze the market!
Fucking ironic!
We should stop offering these coins for sale until the buyers start recognizing their real value!