The Reason Bitcoin Investment will be preferred more than Oil

GeorgeJohn

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Quote from: kesmex on May 30, 2021, 03:58:52 AM

Quote from: dimonstration on May 30, 2021, 02:00:03 AM

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

Besides that, I also think that it is certainly not as easy as investing in crypto because running an oil business is much more complicated, it seems,
but after all, if we learn we will know how to run the business,
what is clear is that it depends on people preferring to invest where as long as it is profitable there is nothing wrong

The simple truth of it, is that we have to invest to a place we will be confidence about our investment, besides while i prefer cryptocurrency is that you will be notify or be aware whenever the business is going against you, because you are permitted to assessed your investment, but for oil, i think it's handle or been controlled by someone and after the time frame given for the investment to manured or exceed the profit generated will be allocate to the investors, so it's quit different from cryptocurrency investment, but I'm not disputing the fact that oil is not good to invest on, but it's individual perception to indulge or enroll to any of them via investment.

Reatim

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Quote from: palle11 on May 15, 2021, 07:03:48 AM

I would prefer to invest in bitcoin than oil because of certain reasons and facts: Here

Amongst other things, bitcoin is a new generation innovation whilst the world is moving forward and not backwards. It is going digital and bitcoin is already well designed to take up the challenges of futuristic busy financial system that fiat can't handle.

To buttress the point more that bitcoin will be preferred in the future, we need to see the below headline

The below are more
Excerpts from the cars already made using electricity

Read here

the world acting against Fossil fuel cars , i think this post complies with reality of future .. nowadays more and more countries are adopting Electric cars and In Asia this is revolutionary .
I also used electric Bike now and this saves my ass too much, from gasoline and from travel time since there are lots of traffics happening here.

int03h

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Bitcoin investment has better returns, long term storage or spot trading is much easier. People can trade all day and all week without any difficulty.
Investing in oil is less profitable and can only be traded on derivatives with very high long-term storage costs. The pandemic is still going on and parts of factories around the world have halted production. If the COVID pandemic breaks out again, oil prices may fall to negative levels like in April 2020.

Kakmakr

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Fossil fuels are the thing of the past and more and more people are making the mind shift to "cleaner" energy sources. The thing is, the fossil fuels are so much cheaper than "clean" energy to produce. The Saudi cartels will release more oil, when the "clean" energy becomes cheaper and we will have "fossil" fuels..until it runs out.

I will invest in both Oil and renewable energy companies, because they still make profits... but my main investment will be in Crypto currencies... because I think it is the future and the volatility makes it a good investment for very good gains. Wink

It's all about a balanced portfolio.. Wink

kesmex

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Quote from: dimonstration on May 30, 2021, 02:00:03 AM

Quote from: GeorgeJohn on May 23, 2021, 04:42:29 AM

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

Besides that, I also think that it is certainly not as easy as investing in crypto because running an oil business is much more complicated, it seems,
but after all, if we learn we will know how to run the business,
what is clear is that it depends on people preferring to invest where as long as it is profitable there is nothing wrong

Mauser

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The biggest reason for me why I prefer cryptos over other commodities including oil is that storing is so much easier. Storing commodities like oil or gold in larger quantities is very expensive. The only real alternative is buying financial derivatives, like futures or ETFs but then you always need to trust the bank behind. I want to own the underlying assets myself. With crypto currencies I have so much more flexibility and choose freely what to buy and what to sell with lower fees.

GeorgeJohn

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Quote from: dimonstration on May 30, 2021, 02:00:03 AM

Quote from: GeorgeJohn on May 23, 2021, 04:42:29 AM

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

Mate, I'm not disputing the fact that oil business is not tangible to adventure into, we are just considering the factor that cryptocurrency Vs oil, looking at both they fetch finance but the problem is that which of them will multiply our income very fast without delay and with confidence, cryptocurrency have different dimensions or criteria to adopt in order to generate different source of revenue, as you said initially crypto can use for trading, and cryptocurrency can be purchase and store for long term investment, cryptocurrency can be use for negotiation of business transactions as an exchange, in summary cryptocurrency appreciate like land, so it has different categories that it can operate to raise income, so looking at all this am not sure it can be compare to oil investment.

dimonstration

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Quote from: GeorgeJohn on May 23, 2021, 04:42:29 AM

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

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Quote from: wahyu wida on May 20, 2021, 10:14:37 PM

I think because we are in the crypto world, we prefer bitcoin, but for those who understand the two worlds between crypto and oil, I think they will share their capital for the two investments, because both have different levels of risk, so many people also think to diversify

Of course it is a biased topic, this is a forum where most people are taking interest in cryptocurrency. Ask this one a platform where the entire population of the world is catered for, the percentage voting for bitcoin will be less than 10%. Hence these votes ususally dont have any significance when the target population is wrongly chosen. But it might help some people understand the essence of fossil fuels and their cost which is rising in future.

Quote from: Obito on May 19, 2021, 09:18:20 PM

That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

You have dont have buy barrels of oil. You can buy securities for oil and water as well. Like I said in my previous post, these two commodities are never going to lose importance.

Diversification of money into crypto is good but keep that in bitcoin only and use the rest to buy from fiat markets into things that you feel will become scarce in future. Dont be stubborn about one asset because this will cost you. That is the difference that appears in the long run between a successful and broke trader.

GeorgeJohn

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Bitcoin is achievement

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

palle11

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Quote from: Obito on May 19, 2021, 09:18:20 PM

That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

This is not about personal opinion. My opinion was not given because it doesn't even matter what my opinion or any body's opinion is because the future has a bigger picture to anybody's opinion including the billionaires you talk that will prefer oil to bitcoin.

Will the billionaires prefer a commodity that is not marketable to the one easily accessible? No, and so their desire and preference will be over taken by the future. If electric cars and more equipment are manufactured that will be recharged by electric and not oil, the importance of oil will keep dropping. To be safer side, economies should be able to think ahead to diversification incase of future and also investors shouldn't hold tight and not to invest in other future aspect. Bitcoin and digital payment system is looking like the future and no need to stay behind.

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Quote from: lixer on May 21, 2021, 10:14:17 AM

Quote from: gantez on May 16, 2021, 01:10:01 PM

Bitcoin will be above most of the commodities or oil that we see around today. The rate for the increase is an evidence. Also gold won't be compared to bitcoin. Bitcoin is used by many for many reason especially for wealth creation and they will keep going into the investment because they want more money. This is a factor that will make it to be fast growing and to be in increase . Storing it is profit, trading it is profit.

True and it will take a while to shift from real investments towards virtual investments, for people who wonder why not big investors are investing in BTC if it is such a good thing. You can see a lot of big names are already engaging in BTC and investing heavily but it will take some more time for more investors and traders to jump into the crypto market because let's be honest, it has been only 12 years or so since BTC first came into existence and still needs some time to get explored.

You can't see those big names every single day, that is the point there. You are going to see them change a lot of things in the future but it is not going to be every single day, like I am sure amazon will accept bitcoin one day that is for sure, and maybe even invest themselves, but that is not going to be today, that is not an easy decision, that is a very big deal so it may take years and years before that happens, same with google for ads, same for microsoft, facebook, and all the other big digital companies.

So long story short I am sure that big companies will "accept" bitcoin and that is just accept, the wall street ones that will end up investing will be even bigger and easier but that is happens like maybe once a month, so we need to be more careful about it, if you expect them every day then you are going to be upset when it doesn't happen for a whole month.

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Quote from: gantez on May 16, 2021, 01:10:01 PM

Bitcoin will be above most of the commodities or oil that we see around today. The rate for the increase is an evidence. Also gold won't be compared to bitcoin. Bitcoin is used by many for many reason especially for wealth creation and they will keep going into the investment because they want more money. This is a factor that will make it to be fast growing and to be in increase . Storing it is profit, trading it is profit.

True and it will take a while to shift from real investments towards virtual investments, for people who wonder why not big investors are investing in BTC if it is such a good thing. You can see a lot of big names are already engaging in BTC and investing heavily but it will take some more time for more investors and traders to jump into the crypto market because let's be honest, it has been only 12 years or so since BTC first came into existence and still needs some time to get explored.

Quote from: quocsi on May 16, 2021, 07:57:34 PM

Investing in bitcoin would be better than oil. Because the value bitcoin brings quickly. The bitcoin market is expanding globally. Many countries are focusing on developing digital currencies. Bitcoin price is increasing strongly in 2021. While oil price is falling due to the impact of covid 19 pandemic. I am also interested in bitcoin more now.

That's correct and the BTC market is still relatively opportunistic as compared to a stable and saturated market like oil. The growth is much higher in BTC but the trust factor is what holds it back slightly.

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Quote from: Obito on May 19, 2021, 09:18:20 PM

That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

I think because we are in the crypto world, we prefer bitcoin, but for those who understand the two worlds between crypto and oil, I think they will share their capital for the two investments, because both have different levels of risk, so many people also think to diversify

dezoel

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You are right investment in Bitcoins and crypto in general is a much more viable option now days rather than investing in oil or stocks in general. The market after the pandemic has gone down and no matter what experts say and governments claim but we are going to need a couple of years to recover and get back to where we were before the pandemic. Bitcoins on the other hand is on the rise despite some hits because of the news and tweets from Elon Musk.

Even when Musk said Tesla will not accept bitcoins he clearly mentioned that he is still in favor of cryptocurrencies but they just declined the earlier approved bitcoin payments because of the fossil fuels that are being burned to mine the bitcoins. So overall, it is a good time to invest in crypto but just leave alone the meme and shit coins like shib and you are good.

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That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

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Quote from: AndySt on May 19, 2021, 07:04:32 PM

Quote from: Darker45 on May 18, 2021, 10:43:35 PM

Apparently, the reason why Bitcoin is a much better investment than oil is that its price is rising much much faster than oil's. Oil even recorded a negative price a little more than a year ago. During which time, Bitcoin was only valued at around $7,000.
Secondly, burning fossil fuel is not cool anymore. That's the strongest trend nowadays considering global warming and other environmental concerns.
And, finally, the golden time for EVs has come. Tesla is facing an overwhelming demand. Its production cannot even catch up. China is now mass producing EVs as well. Even Lamborghini has already stated they'd be turning electric as well. And guess what, even Ferrari, whose CEO mentioned just months ago that the company will never fully go electric, will be releasing its first ever all-electric model in 2025.

As for the faster growth of the price of bitcoin compared to oil, I would like to argue that the fall of bitcoin is also much faster Wink

But if the former is true then the latter would not be a problem. In other words, if the price of Bitcoin falls much faster than the price of oil, then I guess it would also be compensated by its faster growth. Well, that's the reality with Bitcoin's price fluctuations. Its price could fall 30% today but could also rise 50% tomorrow.

As to oil, they've made history by registering a negative price.

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Quote from: Darker45 on May 18, 2021, 10:43:35 PM

Apparently, the reason why Bitcoin is a much better investment than oil is that its price is rising much much faster than oil's. Oil even recorded a negative price a little more than a year ago. During which time, Bitcoin was only valued at around $7,000.
Secondly, burning fossil fuel is not cool anymore. That's the strongest trend nowadays considering global warming and other environmental concerns.
And, finally, the golden time for EVs has come. Tesla is facing an overwhelming demand. Its production cannot even catch up. China is now mass producing EVs as well. Even Lamborghini has already stated they'd be turning electric as well. And guess what, even Ferrari, whose CEO mentioned just months ago that the company will never fully go electric, will be releasing its first ever all-electric model in 2025.

As for the faster growth of the price of bitcoin compared to oil, I would like to argue that the fall of bitcoin is also much faster Wink

The most important advantage and the most important problem of bitcoin is that in essence, bitcoin does not have a physical embodiment, unlike oil, so the price of bitcoin can fly into space, and sink into the abyss. The negative price of oil is the cost of the current commodity and stock market system and a specific force majeure moment, and if the bitcoin market develops to the same extent, then we can see something similar with bitcoin, only in the case of oil, this can not last too long, because oil has a real use and a real physical need for buyers, unlike virtual bitcoin. And even sometimes I wish that there were not all these paper oil derivatives distorting the market, but only really mutual relations between real producers of oil products and real buyers, so let them invest in bitcoin better Wink

Twentyonepaylots

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Oil may have been going obsolete as time goes by. But at this point it still has a wider use-case compared to bitcoin which is mainly used for store of value and transactions. It might take a long way before bitcoin ever compares to how ubiquitous and rampant oil is not only in the market but in the commercial and societal levels as well. But we're getting there, at least I hope so.

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Bitcoin is much better than oil when talking about investment, I would rather choose to invest bitcoin as a lot of people are now focused on cryptocurrency or focused on investing in bitcoin so there is really a chance that bitcoin will boom in the future and aside from that there are so many free and cheap crypto wallet wherein you can store your bitcoin. I am now more investing in a cryptocurrency than investing in other assets.

- Oil is an old generation investment, its stability seems to be much stronger than bitcoin but due to such a stable and outdated system, making money is also relatively more difficult, quite a few older generations are still excited to live with this peaceful market, only the next generation, exactly the young and in need of innovation like to focus on bitcoin. Space in bitcoin is much more vibrant when there are too many social classes, they fight for the greatest benefit in an ancient style, unmanaged by the government

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