Post
Topic
Board Collectibles
Merits 1 from 1 user
Re: Auction of 2013 Titan One physical bitcoin
by
comit
on 05/08/2019, 08:14:36 UTC
⭐ Merited by Mbitr (1)
Honest advice here: lower your starting bid or you might as well close the auction right now

Good luck!

What would you suggest having in mind the following points?:
- I purchased the coin at 1.329 BTC in https://titanbtc.com some years ago (2015-03-16 19:16:14).
- This coin is also loaded with BTC+BCH+BSV because the bitcoin was deposited before those forks where born.
- This is a collectible with its original certificate in perfect conditions and will have the balance for all subsecuent forks.
You can see the current balance of the coin here: https://www.blockchain.com/btc/address/1HgGzGw1bngHKV88u3RoyHqLZgU3gg576o

First of all, congratulations with what I guess is your best investment ever! If you paid $375 for it the face value alone today is over $ 12,000, which is a ROI of 3,000%!! Shocked

As much as we would like to see it, premiums on our beloved crypto coins are not calculated in BTC but in USD. Everybody who has been active in the physical coin environment has noticed this the last couple of years. I myself have paid on several occasions for over 2 BTC for a 1 BTC coin (about 3 years ago), hell, I even paid over 3 BTC for a gold Kialara which doesn't hold any bitcoin at all!  Roll Eyes Am I expecting that to sell today for $ 36,000? Probably not. Who am I kidding, I won't be able to sell it even for 1 BTC at current prices. Cheesy Do I regret buying it? No, not at all. I now have a unique art piece in my collection that I enjoy very much. "But you could have kept the 3 BTC and have $ 36,000!" some might say. Yes, I could have. But I probably would have sold them or would have bought some other coins instead. And if not, it is what it is, no regrets here!

Anyway, in response to your question I would suggest one of the following, in order of preference:

- you start an auction at face value without forks: 1 BTC
- you keep the coin
- you peel the coin

Choose wisely my friend.  Smiley