I currently have some premium items listed on ebay that when sold will result in ~ $1000 in fees overall. Considering how simple it is to cash out crypto, has anyone done a crypto for pokemon trade? It would completely negate all fees, except fees to transfer the cryptocurrency used between wallets. Given there is a reputable middle man in the situation, this seems great for both parties. I’m not even sure if e4 users/pokemon community owns any crypto, so I figured I might as well make a thread 
I’ve been offered crypto on occasion for larger items but always decline. It’s too volition for me. I always ask them to cash it out and just send actual money.
It really comes down to the seller preference. I would imagine most don’t want the hassle.
1 Like
I’d accept crypto, I can easily cash it out myself. It’s much safer from the seller perspective than most transactions.
1 Like
Makes sense. In reality it is very easy to send cash around the US for very little money in fees. I know there was a small sect of e4 who used to post in that thread about Litecoin in 2017. But due to the thread activity I’m thinking not as many still own Litecoin.
Most people just bought into the 2017 fad and left. There just isn’t enough of a need for crypto, and even the better coins are volatile. Crypto is more of a digital collectible than currency imo. If it were less volatile I think that would encourage more usage.
Crypto is not free money. For every winner there’s a loser and the big majority of the time YOU’LL be the loser.
1 Like
I know you hold gold, was curious how you differenciate the two? Unless you just like gold as a collectable.
1 Like
I do love my gold coins aesthetically (especially my vintage ones), but by what I’ve seen crypto is much more volatile. Finally, I’m not totally invested in gold only. Hopefully I’ve spread out enough to protect myself without having to ride the crypto train?
I can understand the volatility aspect. The main thing I guess I was getting at was your winners/losers comment. I don’t know of any speculative investment that has both winners. Even stocks and other tradable investments don’t have a lack of winners/losers without the dividends or other forms of cash flow.
Essentially crypto is trying to replicate gold as an investment, but be a more modern asset that doesn’t have to be physically traded and can be exchanged through electronics. As far as all the different crypto and the security/transaction processes they have to differentiate I think a lot of people get confused about them and what they are.
I do think they can be a really good replacement for the future the hard part is that a lot of people are speculating into them which is causing a lot of the volatility when people aren’t using it as a currency. the other thing that’s tricky is there no way to know which one is the most likely to become ‘the’ winner in the eyes of the public.
There is an endless supply of new crypto currencies coming to the market with ‘new and better technology’, leaving the older ones out of date.
Eventually the older ones will be left for dust and ultimately worthless while new ones get adopted. Rinse and repeat.
Gold on the other hand has a finite supply (unlike crypto) and useful in everyday items and jewellery.
Until you see crypto accepted in everyday shops it’ll always be speculative and not an investment.
1 Like
I think crypto can play a role at times. Alternative assets are here to stay, some are just extremely volatile. But if they get more people into/engaged in the market that is a net gain imo.
Whats more speculative, crypto or Pokemon ahahaha
Crypto.
1 Like
Yeah. My point wasn’t so much to defend anything. It was to remove the impression that crypto was a winner for all. We all heard the success stories but too often the failures were covered up by the fantasy.
Now I’m certainly no expert but I know several people who took a bath. The one time I tried to get into it which is documented somewhere here on e4, I would have lost nearly everything in less than a year. It was something over 10,000.00.
Does crypto get used much in high-value transactions? It seems pretty easy to get scammed without a middleman.
it would be a risk on the buyer, but the chances of being scammed on a high end item is low because of the lawsuit that would come. Scams reside in the low end transactions for the most part. The transaction method isn’t where the scam lies though.
4 Likes