The Impact of Cryptocurrency on the Collectibles Market...
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For the sake of this discussion, I’ll assume you have some understanding of what Bitcoin is (a Cryptocurrency), or at least that it has become a popular new payment method
The Hobby and Collectibles sub-category used to be the largest component of its parent category, the Antiques market Category. In decades past, people from all different walks of life compulsively accumulated large quantities of Antique collectibles. Baseball cards, sports cards, Pokémon cards, U.S Coins, and Comic Books (Sounds all too familiar for me!!). The market had been super-saturated first with collectors-turned-vendors, and then came the over-saturation by moonshot figures of overproduced products. The “Big Boom” of this ‘era’ ran between 1986-1993. During that time in the early 90’s, housewives covered their home furniture with Hummel miniature figurines, antiques and a variety of other shelf-sitters. Their husbands collected U.S. Coins, vintage toys, and stamps. Their daughters turned their rooms into shrines to porcelain horse figurines or seashells while their young sons avidly hoarded baseball cards, marbles, Pokémon cards, Comic Books, or G.I. Joe action figures.
There was a push and shove in the market as time went by, and the faith and love in the Hobby and Collectibles sub-category began to wane, in part, due to the result of over-production and dissatisfaction with where prices had gone (more commonly, prices had not appreciated due to excessive production). People held firm to their pride and refused to settle for less than what they wanted in terms of specifically needed items. Another issue was that folks naturally want things done yesterday, and quite often, desired items were almost never in the locations where they were needed. Stores with antique collectibles that were sought after by many individuals were not being found, as many shops had little or no publicity and even those with some publicity were confronting other issues occurring in a flooded market with wide distribution, namely, lack of trust.
“What could make our market soar again?” folks wondered. Even the big boys in the market were losing, as a result of the fog of this era, due to the way things were going. So what was the way forward they pondered? Many ideas were put forward , all in a bid to awaken the somber giant. Some ideas were simple, like to slash production and offer more exclusive sets. Some examples during this time was the Topps Tiffany elite glossy offering, which was mimicked by Fleer on one level and by Score on a similar level. The increasing use of the Internet was a shot in the arm for the collectibles industry and the ability to find what you need wherever it is located. Some other ideas were more forward-looking, and ideas began brewing and had not truly percolated until many, many years later.
Then came Cryptocurrency:
Out of these days, there was a need for something more substantial and wide-spread and effective. Cryptocurrency, or for example, Bitcoin (or BTC, which is the most popular of all Cryptocurrencies), had a slow start. In it’s infancy, you could barely buy a snack using BTC, even as it boasted back then to already be what it is popularly known as today, which is “the universal currency”. In the present day, Cryptocurrency boasts the most reliable, fastest and efficient way to make payment and receive your items.
The interesting thing is that ever since its inception, there has not been one breach in the servers nor any incidents with unforeseen circumstances occurring, which would have forced many of us to think of Bitcoin as unsafe. Based on the topic at hand, public domain blocks are created for companies with strict registration patterns which can always be trusted, placing them in a position where they can not only be seen by the general market, but also trusted by all that see them.
Building on this, there are very impressive developments, with some major players now accepting Bitcoin, for example, Overstock, Expedia, and Dish, are among many other retailers being added daily. This has started to catch the attention of some major players in the collectibles/hobbies sub-market, and they have started following the same path. The results have been stunning in terms of their profit, ability to bring on more staff, and the new-found trust of customers, as well as the influx of customers strictly preferring to use Cryptocurrency.
The result? The collectibles market is once again rising to its rightful place in the world markets, again, with the help of Cryptocurrency at the foundation of it all. Many of us in the same line of business, seeing the trust and the exciting positive outcomes stemming from accepting payments in Cryptocurrency, began looking into the feasibility of implementing it as another option/form of payment.
This brings us to an exciting moment for us, where we are officially sharing our own Cryptocurrency news:
We here at CardboardandCoins.com are glad to announce that we have decided to adopt Cryptocurrency as a form of payment, with an option to use Coinbase or some other method, directly to our Paxful Wallet. We already accept PayPal, Amazon Payments, Credit Cards, and various other payment methods, in addition to Bitcoin (we are amenable to even accepting Ripple coin/XRP and a few other Cryptocurrencies...just ask). Remember, in addition to any coupons you use on our site, you still get 5% off additional when using Bitcoins/Cryptocurrency.
How do you pay for your order using Bitcoin? When you arrive at checkout, look for the payment option titled,
"*** BitCoin Accepted *** (with a 5% price discount!!)"
From there, it's just 3 Simple Steps to easily make a payment securely and instantly using Bitcoin (BTC)...
Step 1: Remit Payment for the cart amount, less 5% discount, to our Paxful BitCoin Wallet (address provided at checkout screen).
Step 2: E-mail us at info @ cardboardandcoins.com with your reference #, the items you purchased, and any discount codes you have used.
Step 3: We confirm payment, securely pack your order, and Ship your items. It's that simple!
We've always had the pleasure of offering you the best of everything in the collectibles market, and are providing you with the platform of not only viewing what you desire, but also paying for it with no worries or concerns about the payment used, as the Bitcoin option is now live and working on our site during checkout. Now you can get all you've ever wanted for the right price and at the right time, all in one place. So don’t let anything hold you back from getting the collectible items that you love, whether it’s baseball cards, sports cards, Pokemon Cards, U.S. Coins, or Comic Books…it’s all accessible at your fingertips and on your own terms!!
Have a great week, enjoy, and be safe!!
Many thanks and Regards,
Your friends at CardboardandCoins.com
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