Topic: Preparing for a recession... Gold or Bitcoin? - page 5. (Read 1529 times)
Bitcoin has never experienced any recession before so its unlikely to predict how Bitcoin will react in the eventuality of a recession. I do believe that the perceived impending receesion could positively affect Bitcoin. Regardless though, I'd still go with bitcoin, why? The growth potential that exists with Bitcoin is unrivalled, even by gold.
I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:
https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
The difference between bitcoin and gold clearly makes the difference very clearly, if there is a recess even the influence with gold can clearly be directly related but with bitcoin because it is different and will not affect directly.
but if you want to take a smaller risk of course the choice falls on gold and not with bitcoin. bitcoin is the safest and most profitable of any size compared to gold.
Gold all the way. Gold is timeless.
It used to be popular but all things come to an end.
Gold is timeless but will it be worth as much 20 years from now as it is now? It's enough for it to lose 20% and you will be in trouble and it can lose 10% in 10 years. Bitcoin could gain 1000% in 10 years.
My choice will always be bitcoin. I don't even own gold. You can buy fake one with tungsten so it's risky and Bitcoin is always genuine.
Bitcoin can't br faked because it's a digital asset, and unlike as what you said gold can be manipulated with any material elements. Some of them were plated and when you wanted it to be legit, that will cost you very expensive. Comparing it with bitcoin, you can purchase with small amounts, but with gold it's only limited due to availability on of the market supply.
When bitcoin increased amazingly, you can even twice or ten folds your holdings once it spikes rapidly.
Gold all the way. Gold is timeless.
It used to be popular but all things come to an end.
Gold is timeless but will it be worth as much 20 years from now as it is now? It's enough for it to lose 20% and you will be in trouble and it can lose 10% in 10 years. Bitcoin could gain 1000% in 10 years.
My choice will always be bitcoin. I don't even own gold. You can buy fake one with tungsten so it's risky and Bitcoin is always genuine.
I think Bitcoin is a better financial tool to get ready for a recession because it volatility can make your inversion grows much bigger than gold. People think gold is a secure way to invest, but their low risk doesn't let their value goes to the moon.
That's why i think bitcoin is the way to go.
That's why i think bitcoin is the way to go.
Gold all the way. Gold is timeless.
bitcoin, I still choose bitcoin. Why.? many reasons that make me keep choosing bitcoin, including easier, the latest technology. crypto currency pioneer. and the best investment now. actually gold is also good. recognized by the government and accepted everywhere. but gold has a period so it is very difficult to carry in large quantities.
It depends on your choice and your reason, I know that Bitcoin will give you more profit as it can raised the price depending on the market and gold is stable and controlled by the government, but for me, based on what I am doing right now, I am doing both of them, investing in gold as well as in crypto, investing not my own money in crypto but just holding some of it from my profit.
I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
The next financial crisis is waving to us. The banking system will be crashed again. Investing in both gold and bitcoin can help us to avoid the recession. Focus also in investment thay can give us passive income. Financial illeterate person cannot avoid financial crisis and they can get stuck to it. That's why we need to learn how we will become financial literate.
I don't know if I had some fiat, perhaps i would invest in gold or real estate that have small but safe growth over time, i believe that for now the only thing that goes well is fast financial speculation and not a long-term investment, they are too unstable as a value...
If I were struggling through a recession, I would be interested in neither, and so would a lot of other investors.
I'm thinking that a recession involves an economic slowdown which means companies are looking for cash, and employees are getting laid off. That's a boatload if entities and people looking to sell off investments to pay bills. You can't eat gold nor tokens. Eventually, that means the price of gold drops and so does Bitcoin.
To prepare for a recession, I'd be vested in passive income that I think would weather well in those times; something that gives me what I need to keep my family afloat. If I succeed at that, a recession might actually be the cue to buy Bitcoin curiously enough. But I wouldn't be buying gold or Bitcoin to "prepare" for a recession, goodness no.
I'm thinking that a recession involves an economic slowdown which means companies are looking for cash, and employees are getting laid off. That's a boatload if entities and people looking to sell off investments to pay bills. You can't eat gold nor tokens. Eventually, that means the price of gold drops and so does Bitcoin.
To prepare for a recession, I'd be vested in passive income that I think would weather well in those times; something that gives me what I need to keep my family afloat. If I succeed at that, a recession might actually be the cue to buy Bitcoin curiously enough. But I wouldn't be buying gold or Bitcoin to "prepare" for a recession, goodness no.
Everything is only predict and I don't think the recession incoming. Both (Gold and Bitcoin) will be make change the world economy in the near future!
I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
Bitcoin is an uncorrelated asset.
But I do think it might get affected in a recession because people tend to sell assets in hard times to pay their bills. So we might see a wave of people selling their bitcoin savings if they lose their job for instance.
Bitcoin is the future, so it can not beat gold in this age.
The illiteracy will provide service and take gold as salary, bitcoin won't work.
The illiteracy will provide service and take gold as salary, bitcoin won't work.
I think that those who have fiat money should diversify to 50% in both gold and bitcoin, according to good practice. The problem is to have the money leaving to buy these two assets. 
I pick both because it all has it own prices and both are very good to make investment for a long term. If gold has being used for a very long time now then bitcoin is a new modern way of gold which still both is a very good for investment. Nothing wrong on both and both gold and bitcoin are sure will survive long.
both do have the potential, to start investing must also see the needs. so we can invest in gold to store stable assets that have the potential to rise well, while bitcoin we are looking for the right time to buy it and also see the potential price there. both can make good profits if we have the ability to invest, especially on bitcoin 
I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong. Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
bitcoin, I still choose bitcoin. Why.? many reasons that make me keep choosing bitcoin, including easier, the latest technology. crypto currency pioneer. and the best investment now. actually gold is also good. recognized by the government and accepted everywhere. but gold has a period so it is very difficult to carry in large quantities.
It depends on your choice and your reason, I know that Bitcoin will give you more profit as it can raised the price depending on the market and gold is stable and controlled by the government, but for me, based on what I am doing right now, I am doing both of them, investing in gold as well as in crypto, investing not my own money in crypto but just holding some of it from my profit.
bitcoin, I still choose bitcoin. Why.? many reasons that make me keep choosing bitcoin, including easier, the latest technology. crypto currency pioneer. and the best investment now. actually gold is also good. recognized by the government and accepted everywhere. but gold has a period so it is very difficult to carry in large quantities.
Sticking with bitcoin for now personally, but why not have both? Gold has thousands of years of a head start in terms of demand...people know and want gold. If you want to diversify, dont buy altcoins, buy gold. Having both seems like a good idea to me.
Why not buy Bitcoin, Gold, and altcoins at the same time? They are all good investments. If I have the money, I would not be sticking to only Bitcoin or even Gold. I would be diversifying my investments in many other ventures. I can choose 10 altcoins that are almost as good as Bitcoin as investment. I can have Gold and other precious metals such as Silver. I can have stocks of companies that are likely to weather the recession.
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