Topic: Preparing for a recession... Gold or Bitcoin? - page 8. (Read 1545 times)
Both of these assets are worthy of attention. Gold is a classic that should be in the investment portfolio of a serious investor. Bitcoin is a revolutionary technology that can bring good profits. We can never bet on any one asset. This is the wrong strategy.
Sorry to say I disagree with your point to think I see the chart it's looking to go down and I think go down more then the 5000$ then the gold value is like good and I think gold is the winner of this time
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.
Buying both is a wise choice, where you will not lose all your assets when you diversify. For now, gold is quite stable and rarely disturbed by negative news. 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 often argue on the neironix website about this and I would prefer gold, because it is less volatile and because of this it will sink clearly weaker than bitcoin, and during the crisis everything will collapse for a while, in case that the best will contain this blow. As for me, this is gold, and then some of the funds will be converted into a sagging cue ball that may in the moment fail by 30-40%, with gold such a collapse has an extremely low probability. But in the future, of course, bitcoin has a much higher growth potential than gold.
Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.
I agree, don't put all your eggs in one basket as the saying goes. So there's no need to choose either of them but better get a hold of both. They have their own advantages and disadvantages but at least if you have both, you have the assurance that one way or another, you will not totally lose all your investments. Gold is a stable investment for me while bitcoin is a very risky one.
For me it depends. How much money do you have? For me I feel gold is something that people with excess money buy. If you are limited I think stick to bitcoin. If you can afford to buy a few gold coins then I do think you should. Looking at banking and how bloody much I hate it and the fact that they charge you to withdraw your own money and make sure you make nothing with the interest plus the fact that fiat declines by about 5%-7% per year. Keeping some gold sounds good. It's value probably grows at the same or slightly more as inflation.
Both but Bitcoin would be a wise option as I think gold is kinda expensive and its hard to see gold doing a x10 in the next 2 years. Sure , its okay to have some gold for extra safety just in case something bad happens to your national currency or the recession will be bigger than expected.
On the other hand , having some Bitcoin will put you in a nice position , just simply waiting for the bull run in order to make those big profits as I doubt the recession will affect Bitcoin price or Blockchain in any way.
Yes. We should have them both but let's give more focus to bitcoin because it will definitely make us very wealthy once the most awaited bull run will take place. Gold is also a very good option for investment so there should also be a place for it in our investments. If we can have them both, it would give us more financial security in the future. On the other hand , having some Bitcoin will put you in a nice position , just simply waiting for the bull run in order to make those big profits as I doubt the recession will affect Bitcoin price or Blockchain in any way.
Both but Bitcoin would be a wise option as I think gold is kinda expensive and its hard to see gold doing a x10 in the next 2 years. Sure , its okay to have some gold for extra safety just in case something bad happens to your national currency or the recession will be bigger than expected.
On the other hand , having some Bitcoin will put you in a nice position , just simply waiting for the bull run in order to make those big profits as I doubt the recession will affect Bitcoin price or Blockchain in any way.
On the other hand , having some Bitcoin will put you in a nice position , just simply waiting for the bull run in order to make those big profits as I doubt the recession will affect Bitcoin price or Blockchain in any way.
I prefer to use both options, they are both good.
I disagree - the next one might just kill the USD. And gold will be the only thing to save you.
Fiat will surely lose and gold will prevail since it always benefit with recession ,concerns and resulting risk aversion, even called a safe haven for assets. It is performing well during the said tumes because people would prefer investing with hard and tangible objects affecting its demand positively, and holding stock assets would be riskiest during a recession because the stock market is highly sensitive than bonds and precious metals. Well, as for bitcoin, there are warnings that huge economic recession might weigh heavily on bitcoins price and might pull it back to the bitter bear market season.
prepare for a recession that might become depressed if you take gold however your choice is right to take bitcoin and in this phase we have seen many who choose bitcoin with a high ratio ,however that's not all that the value on the crypto market is a unique pattern with a high level of manipulation will benefit the holder although some are depressed when prices do not return as expected
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.
Gold has always rushed up pretty much during every recession but people never had an option of bitcoin back then. I have already said in many threads that it would be pretty interesting to see how Market works during this phase considering that Bitcoin moves quite independently from traditional markets. I think people might pump up some of their holdings here but the problem is these people are fearing around 20-30% during any crash while bitcoin can itself fall by 20% without any significant event happening around. So would it be wise to go for bitcoin merely for saving out yourself from 20-30%? 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.
It's always good decision to diversify your funds and same applies for possible recession.
To be ensured as much as possible I would split funds into Bitcoin, gold but fiat too. Stable currencies will not collapse just like that and over night so it's good to cover all combinations and to stay flexible enough to switch if necessary.
It is the best option I could only think of. I don't know if this is another FUD but it is better to be sure than sorry am I right? Diversify our funds in different currencies or assets would lessen the chance or avoid losing all of our bankrolls. However, it is impossible for stable currencies like fiat to subside that quickly besides, the government wouldn't let that happen. To be ensured as much as possible I would split funds into Bitcoin, gold but fiat too. Stable currencies will not collapse just like that and over night so it's good to cover all combinations and to stay flexible enough to switch if necessary.
It's always good decision to diversify your funds and same applies for possible recession.
To be ensured as much as possible I would split funds into Bitcoin, gold but fiat too. Stable currencies will not collapse just like that and over night so it's good to cover all combinations and to stay flexible enough to switch if necessary.
To be ensured as much as possible I would split funds into Bitcoin, gold but fiat too. Stable currencies will not collapse just like that and over night so it's good to cover all combinations and to stay flexible enough to switch if necessary.
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.
Bitcoin, combined with few cryptocoins (plus stablecoins) would probably be better option. Gold may perform better during a recession but that won't be a good enough reason to switch to only Gold. By the way, the value of some cryptocurrencies will likely be backed by alots of physical assets in the 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.
If money fiat money actually starts to collapse, many people that are smart enough will start to pull out from cash and put money into some form of physical asset. I also think that if fiat started crashing many crypocurrency that is dependent on fiat for trade would also hurt, as people would put money into stablecoins/gold or another low volatility asset that they can protect their wealth with. Hypothetical questions are hard to answer because of the numerous anomalies that could affect the actual outcome. 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.
We should have both to have break even. If that would happen then either of the two, then at least you have one of them. Both are important assets and we all know that these two are being competed. The best way is to choose these two, gold and bitcoin. They are all valuables and treasures of a lifetime.
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 have gold when I sold a bit of bitcoin in 2017, I will also do the same thing later, because I have to save real gold after both of these bitcoin digital gold I think it's quite better, usually I want to have a lot of gold but I don't have enough money so buy cheap bitcoin first and take advantage when going up to buy gold, I have both 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.
. If a recession where to happen, some investors will sure to seek Bitcoin or gold to avoid losing money.
One important detail here.
Investors must seek those investments BEFORE the recession, not after it blows.
Sound good to choose both of them, you can make them as your source place to store your money. I mean, bitcoin with its volatility price can give you a huge income when the recession is really comes. Also, you will keep your money safely to store it at the gold. Have you think this idea? Yeah I guess it is really simple to think about.
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