Topic: Preparing for a recession... Gold or Bitcoin? (Read 1545 times)
In case of a normal recession, assets such as gold and silver won't be confiscated by the government. But if a world war happens, then the government will be trying to collect funds from all the available means and whatever wealth you are having will be at a risk of confiscation. Under such circumstances, Bitcoin will be useful. But one problem will be with the liquidity. Converting BTC to fiat is going to be difficult under such circumstances.
If we was 5 years ago, i would keep gold in a recession. But right now, i think bitcoin is better and more safe for me to hold. All i need to choose a right wallet and put my bitcoin there, i dont have to care much about carrying lots of when go outside. With gold, i could not do that, carrying a large amount of gold might be dangerous for me.
different from me, if 5 years ago I thought holding bitcoin was better, and when in 2017, we could release it and convert it to gold until now. of course the benefits will double. for now I prefer to invest in both, because it makes our psychological more comfortable 
Well for me I would like to go for gold since the value of it is much more stable than the price of the bitcoin. But we all know that you cannot play around with the gold like trading and such stuff so, if you want to invest on something that you do not even want to become bigger or smaller I would suggest that you should go to gold. But if you like trading, you need to go to bitcoin and explore how are you going to make your money higher.
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If we was 5 years ago, i would keep gold in a recession. But right now, i think bitcoin is better and more safe for me to hold. All i need to choose a right wallet and put my bitcoin there, i dont have to care much about carrying lots of when go outside. With gold, i could not do that, carrying a large amount of gold might be dangerous for me.
If a recession happened, I would choose gold because it is the most well-known thing, the value will increase very fast, the bitcoins I will buy because they still have a great value, because bitcoin is very useful but not many people know right now, so I will always choose things that are popular when a recession
I agree to this. Gold has the ability to maintain its value or even exceeded its current valu. Reality Talk. When recession occurs, everything will fall its value even dollars will really go down its value. Bitcoin I think will follow and that will be painful for every investors. But it doesn't mean that I will pull-out my Bitcoin, I will just hodl it.
If a recession happened, I would choose gold because it is the most well-known thing, the value will increase very fast, the bitcoins I will buy because they still have a great value, because bitcoin is very useful but not many people know right now, so I will always choose things that are popular when a recession
The decision depends on your preferences but I think both of these choices are good. Even better if you combine them.
Personaly I would prefere Bitcoin because I'm more digital oriented and for me it's easier to handle. No matter if we enter recession or not some back up and reserve option is always good to have and Bitcoin is always helpful in that.
yes, basically both are good investments, it's just that I also chose bitcoin because I feel that it's easier to use. although gold is also good to use, it's just that the price is not so fast to go up, so I plan to have a lot of bitcoin before I have a lot of gold. I think the perception of using crypto is not further than I thought.Personaly I would prefere Bitcoin because I'm more digital oriented and for me it's easier to handle. No matter if we enter recession or not some back up and reserve option is always good to have and Bitcoin is always helpful in that.
so based that i choose in 50% gold and 50% bitcoin
I definitely will choose bitcoin over gold as an investment, since gold can't make you rich but bitcoin can. However gold is good for securing your asset since it's more stable than bitcoin you don't have to worry about volatility or the price is dropping dramatically, gold also protects you from the inflation. Well, I personally have both of them, bitcoin as a long term investment and gold for my emergency fund.
The decision depends on your preferences but I think both of these choices are good. Even better if you combine them.
Personaly I would prefere Bitcoin because I'm more digital oriented and for me it's easier to handle. No matter if we enter recession or not some back up and reserve option is always good to have and Bitcoin is always helpful in that.
yes, basically both are good investments, it's just that I also chose bitcoin because I feel that it's easier to use. although gold is also good to use, it's just that the price is not so fast to go up, so I plan to have a lot of bitcoin before I have a lot of gold. I think the perception of using crypto is not further than I thought. Personaly I would prefere Bitcoin because I'm more digital oriented and for me it's easier to handle. No matter if we enter recession or not some back up and reserve option is always good to have and Bitcoin is always helpful in that.
Ah, I see, especially if it is associated with the current problems that are about World WarIII. Gold is an investment that is suitable and deserves to be chosen I guess. Most investors/traders would certainly prefer to secure their assets now in the real world than crypto because the crisis has begun to occur everywhere.
Due to recent attacks we are already seeing who's winning in tradings.
Bitcoin has reached new all time highs within a 3 month period where Gold has increased way lesser.
We were also speculating and expecting Bitcoin to achieve such values.
Therefore when preparing for a recession it's surely to go for Bitcoin as people tend to use it for more saferguarding.
To quickly achieve that much of increase and ATH it does pose the risk of being dumped as quick as that aswell, the recession could also stimulate it to be even worse than it's 2017 ago. I honestly won't risk using bitcoin at recession because I don't exactly know what will happen if the recession really happening and prefer to stick with gold. maybe i'm afraid of nothing but atleast that's the best decision for myself. Bitcoin has reached new all time highs within a 3 month period where Gold has increased way lesser.
We were also speculating and expecting Bitcoin to achieve such values.
Therefore when preparing for a recession it's surely to go for Bitcoin as people tend to use it for more saferguarding.
Gold is the right choice for dealing with a recession, with low volume. Also, Bitcoin has a very strong chance if investors can take the right opportunities, even if the volumes are high. So, if you can still take advantage of both, then pick one. After all, there are many things that are unpredictable, of course if we put all the eggs in one basket, the risk is higher.
I'm pretty sure that Bitcoin is still better investment than gold. Why? Because Bitcoin and blockchain technology is still the future of all currencies while gold is more "present" and it could be less valuable soon. I recommend to check this great article about this Bitcoin vs Gold topic.
When discussing the withdrawal of Bitcoin or gold, you should take into account the fact that this topic is primarily discussed in terms of the benefits of investing in Bitcoin and gold, and what kind of profit the investor will receive at a certain time. But if you take into account the fact that it is more valuable and stable today, then gold will be out of competition. after all, someone can be more calm when he has a kilogram of gold in his pocket, and not just one bitcoin, which, perhaps in 10 or 20 years, will have a price of 50 or 100,000 dollars.
Due to recent attacks we are already seeing who's winning in tradings.
Bitcoin has reached new all time highs within a 3 month period where Gold has increased way lesser.
We were also speculating and expecting Bitcoin to achieve such values.
Therefore when preparing for a recession it's surely to go for Bitcoin as people tend to use it for more saferguarding.
Bitcoin has reached new all time highs within a 3 month period where Gold has increased way lesser.
We were also speculating and expecting Bitcoin to achieve such values.
Therefore when preparing for a recession it's surely to go for Bitcoin as people tend to use it for more saferguarding.
I wouldn't be involved in either if I went through a recession, and so would be a lot of other investors. I believe there is an economic slowdown in a recession, which means companies are looking for cash, and workers are being laid off. For companies and people seeking to sell off assets to pay bills, that's a boatload. You are not allowed to eat gold or tokens. Basically, this means the gold price is falling and so is Bitcoin. I would be interested in passive income to plan for a recession, which I think would weather well in those times; something that gives me what I need to keep my family afloat.
If you are trying to buy gold or any safe haven asset when the recession is taking place then it is already too late, the purpose of getting gold under that scenario is to sell it for an higher price than what you bought it and then use that extra money to buy assets that are in a fire sale, this way you can get very good assets at low prices that under normal circumstances will be unthinkable to get at that price, then you just wait for the recession to end and enjoy your easy profits. I agree to this. Gold has the ability to maintain its value or even exceeded its current valu.
But in most countries, unless we are speaking about golden coins, you do not buy gold. You simply buy a paper declaring that you are an owner of some gold stored somewhere (and that you own eg. 10 oz. of gold in 12 kg bar stored 2000 miles away from you).
So then in practice, it is less physical in form than your BTC stored on hardware/cold wallet at home.
I wouldn't be involved in either if I went through a recession, and so would be a lot of other investors. I believe there is an economic slowdown in a recession, which means companies are looking for cash, and workers are being laid off. For companies and people seeking to sell off assets to pay bills, that's a boatload. You are not allowed to eat gold or tokens. Basically, this means the gold price is falling and so is Bitcoin. I would be interested in passive income to plan for a recession, which I think would weather well in those times; something that gives me what I need to keep my family afloat.
This is a difference between a small individual investor and regular investor. Individuals in crisis spend their savings/sell investments to survive, regular investors (if selecting the right asset) buy at "discount price". And many of the investors seeing/expecting huge losses switch some of their portfolios content from stocks to "safe haven" assets like precious metals or (this still needs to be proven, as BTC came into existence after the last financial crisis) Bitcoin.
I wouldn't be involved in either if I went through a recession, and so would be a lot of other investors. I believe there is an economic slowdown in a recession, which means companies are looking for cash, and workers are being laid off. For companies and people seeking to sell off assets to pay bills, that's a boatload. You are not allowed to eat gold or tokens. Basically, this means the gold price is falling and so is Bitcoin. I would be interested in passive income to plan for a recession, which I think would weather well in those times; something that gives me what I need to keep my family afloat.
I accept that there is a recession going on. Events are about to collapse, primarily due to the housing industry. Many are unable to pay their rent and end up being taken away from their homes. Most people in the United States are one step away from homelessness and this, one way or another, will have its toll on the economy of the country. Once this happens, the crisis will spread to other countries like flames, and you can't do anything about it. Historically, this is accounted for as economic cycles, which can go from seven to fifty years, a capitalist set up to maintain power with the wealthy.
Good question. Taking for granted that the recession is certain, as I think, the right method would always be to diversify investments: both one and the other. 
The problem is always the same, at the start: having money to invest, given that we are becoming increasingly poor.
We do not know when it will happen but a recession will happen at some point in time, and this is what bothers me from the majority of the people, they are historically aware that there are times in which the economy does not perform well since they have lived through those years but when you ask them what are they doing to protect themselves when the next one happens? They look at you as if you are the one that does not know what you are talking about, they always believe that this time is different and that the economists have finally figured out how to avoid a recession only to be proven wrong and suffer the consequences of yet another recession. The problem is always the same, at the start: having money to invest, given that we are becoming increasingly poor.
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