Topic: Preparing for a recession... Gold or Bitcoin? - page 6. (Read 1529 times)
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.
for now I prefer bitcoin. if it's given a choice, then that's what I choose, because if we choose gold, then it's very far in price compared to bitcoin .. !!
I also think that the best option is both. If you have enough funds other things like properties could be also a good addition. The idea is to diversify as much as possible with low risk.
+1 to this one, owning of property is a huge advantage in overall, it's your place in earth and you can rent it and get some solid profit, depends on country, where it's located and etc. Someone may steal gold/btc but not property or if that happens you live in terrible country and better to escape yourself.In overall own both, gold as a form of necklace for example or ring and etc, you don't need gold bars cause small amount of them have significant value.
Bitcoin is cryptocurrency after all with a lot of abilities, at least no one can steal it from you if you are the only person who owns private keys.
Person needs to have multiple strategies.
Diversifying as mich as possible is a better idea. Bitcoin can be your main investment if you like and gold a smaller percentage. I would also invest in things like small businesses.
I think you can grow your gold stock that way. Though if you very very wealthy i think you only need as many bitcoin as you would spend over the few years.
I think you can grow your gold stock that way. Though if you very very wealthy i think you only need as many bitcoin as you would spend over the few years.
I am accumulating bitcoin as well as Gold also some in real estate . Gold is oldest proven asset from centuries . Its value can't go zero at all of sudden . Gold growth is slow but can keep for long term . If any currency looses its value gold value will be same . Bitcoin is the greatest invention of this century . Its still having high volatility also having high chances of return for long term holding . So i am taking advantage of oldest proven investment as well current invention and futuristic technology
Both of them are good, if you have spare money to invest, better to invest both of them, both of them has good future, But don't just give your all in, just invest in gold, as it is really profitable, but investing in cryptocurrency will be risky but just invest some money that we can afford to lose, or just invest on it little by little.
I am accumulating bitcoin as well as Gold also some in real estate . Gold is oldest proven asset from centuries . Its value can't go zero at all of sudden . Gold growth is slow but can keep for long term . If any currency looses its value gold value will be same . Bitcoin is the greatest invention of this century . Its still having high volatility also having high chances of return for long term holding . So i am taking advantage of oldest proven investment as well current invention and futuristic technology
Both of them are good, if you have spare money to invest, better to invest both of them, both of them has good future, But don't just give your all in, just invest in gold, as it is really profitable, but investing in cryptocurrency will be risky but just invest some money that we can afford to lose, or just invest on it little by little.
I am accumulating bitcoin as well as Gold also some in real estate . Gold is oldest proven asset from centuries . Its value can't go zero at all of sudden . Gold growth is slow but can keep for long term . If any currency looses its value gold value will be same . Bitcoin is the greatest invention of this century . Its still having high volatility also having high chances of return for long term holding . So i am taking advantage of oldest proven investment as well current invention and futuristic technology
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.
A good investor won't put all of his funds on a single investment, but rather spread it out among different assets. You could hold gold and Bitcoin at the same time. It would only depend on your bias on where to put the larger percentage. They are essentially almost the same, with differences on usage and the way they exist (physical vs digital), but other than that, Bitcoin already has proven to be useful and worth something, same as gold.
Currently I myself keep focusing on both of them both buying Bitcoin and gold. The investment advantage of Bitcoin I bought is gold. Gold has never occurred inflation. And the price of gold may not be fast rising or fast descending.
Basically, Both of them are potential for you if you want to make money by holding them for a certain period of time. so I always say that Bitcoin and gold both are important for us because of having a volatile market for both perspectives, If you are losing your Bitcoin then Gold could be the support and again when the price of gold falls down then Bitcoin would be your urgent partner, In this regard, You may hold both Bold and Bitcoin for the future purpose, so that you will face a low risk whatever you do, but for me, Gold is still the best investment tool ever.
I can't choose between gold and bitcoin. because I like both. if the world goes into a recession and the value of fiat currencies falls, some people will look for other alternatives and I choose bitcoin and gold. I also chose gold because sometimes I am also afraid that suddenly there will be a war or a major disaster that will cause the internet and electricity to fail. then I can't access my bitcoin.
but I can still sell the gold that I have.
but I can still sell the gold that I have.
This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.
Everyone has their own take on what or where they want to invest their wealth. But for some people who want an assurance of their investments, they will go for gold but for those risk takers, they may give higher percentage on bitcoin. But at the end of the day, we make our own decisions because it is our money anyway. Just trust yourself because no one is to blame but you for whatever consequences it may be.
Bitcoin was created after the 2008 recession because its purposely made to survive because gold can't. If all fails including the fiat, you can't imagine yourself carrying a bag of gold when you travel from city to city. You'd be robbed the moment someone sees you buy something in exchange of a piece of gold you have. Put all your wealth on crypto because that's where the future is going.
It is indeed safer to choose both bitcoin and gold. But I think that gold is harder to obtain that bitcoin and other cryptocurrency. I would like to chows gold since it is stable and doesn't lose its value easily unlike bitcoin. I'm more financially safe with it during recession. But like what I said, bitcoin is easier to get than gold. So I'll go for bitcoin. I bet during recession, bitcoin will value more.
Gold is a material asset where Bitcoin is virtual.
You can still trade your gold no matter what and in specific exchangers on the real life.
While Bitcoin you can only exchange at virtual exchanges as the value of your satoshis are all on the network.
If the network fails you lose all your bitcoins, or if you dont have internet for accessing those.
Considering those statements i would rather prefer having both or at least gold as a recession preparation.
I also have both but at the moment I am focusing on gold investment and a few other things I focus on bitcoin. both have advantages in the bitcoin system in virtual while gold in real life and we can use both You can still trade your gold no matter what and in specific exchangers on the real life.
While Bitcoin you can only exchange at virtual exchanges as the value of your satoshis are all on the network.
If the network fails you lose all your bitcoins, or if you dont have internet for accessing those.
Considering those statements i would rather prefer having both or at least gold as a recession preparation.
Gold is a material asset where Bitcoin is virtual.
You can still trade your gold no matter what and in specific exchangers on the real life.
While Bitcoin you can only exchange at virtual exchanges as the value of your satoshis are all on the network.
If the network fails you lose all your bitcoins, or if you dont have internet for accessing those.
Considering those statements i would rather prefer having both or at least gold as a recession preparation.
You can still trade your gold no matter what and in specific exchangers on the real life.
While Bitcoin you can only exchange at virtual exchanges as the value of your satoshis are all on the network.
If the network fails you lose all your bitcoins, or if you dont have internet for accessing those.
Considering those statements i would rather prefer having both or at least gold as a recession preparation.
I would diversify between Gold, Bitcoin and Real Estate. Gold has proved that it is not a reliable hedge during times of crisis as it dropped around 30% in the 2008 crisis. Real estate even if it drops is an asset that provides a steady revenue source no matter what as people will always be in need of a place to sleep. I'm not a big fan of investing in metals, besides their use in several industries I don't look at them like at as a store of value on long term even if the humanity did so over thousands of years. Bitcoin is a scarce asset that no matter what won't inflate and it does not depend on a singular economy. Of course that if people don't have decent incomes they won't have the funds required to buy Bitcoin but I don't think they will sell it for cash in case of recession, just in emergency cases.
This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.
Everyone has their own take on what or where they want to invest their wealth. But for some people who want an assurance of their investments, they will go for gold but for those risk takers, they may give higher percentage on bitcoin. But at the end of the day, we make our own decisions because it is our money anyway. Just trust yourself because no one is to blame but you for whatever consequences it may be.
Bitcoin was created after the 2008 recession because its purposely made to survive because gold can't. If all fails including the fiat, you can't imagine yourself carrying a bag of gold when you travel from city to city. You'd be robbed the moment someone sees you buy something in exchange of a piece of gold you have. Put all your wealth on crypto because that's where the future is going.
This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.
Everyone has their own take on what or where they want to invest their wealth. But for some people who want an assurance of their investments, they will go for gold but for those risk takers, they may give higher percentage on bitcoin. But at the end of the day, we make our own decisions because it is our money anyway. Just trust yourself because no one is to blame but you for whatever consequences it may be.
of course we believe that Bitcoin will be worth it in the future so as we are in this early stage of adoption of crypto
it is a must to have btc in my folio.
it is a must to have btc in my folio.
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