Topic: The Reason Bitcoin Investment will be preferred more than Oil - page 2. (Read 422 times)

Diversifying your portfolio is always a good idea but one reason why investments in oil isn't the brightest idea is simply because like mentioned in OP too - Electric cars are now being made and oil would be less and less potent in coming years.

I still agree that the stock market is a good option and one should not come with an all-in mindset in the crypto market because although very liquid and deep, we still have some bases uncovered and there is still manipulation of the price at times. You can see how a single person carried and pumped the whole market of dogecoin without actually investing much. He just creates hype through his social media handle and people buy the coins which shows the market is still being manipulated so risking everything in the crypto market is not the ideal choice.

Mass production of electric cars will drive the demand for electricity thru the roof.
I wonder where the crypto miners will find cheap electricity?Perhaps solar and wind energy will become affordable,after 5-10 years.
I've never considered investing in oil.I believe that oil is a non-renewable resource,which means that it will become more scarce in the future,and we don't be dumping our conventional cars anytime soon.
This means that oil prices won't be going down soon.

Futuristic or not, Oil is going to have a demand for years to come along with other fossil fuels. Water too for that instance because these are things that run a country, bitcoin on the other hand does not.

Be practical when you are investing, not emotional is that experts have to say. You have understand the demand and supply of the asset that you are investing in. From that perspective, both bitcoin and fossil fuels are going to rise in future. Now it is your call whether you would rather secure assets in a class that is recognized already by the markets already and not a grey area in the market to something that is a grey area and whose possible government acceptance is low.

I would advice both for future, going all in on one is always a stubborn decision. This is not same as bitcoin vs altcoin, in which case I always go for 100% bitcoin. Against assets that are already known and costly bitcoin diversification should be smaller than 100%.

As for the argument of electric cars, please note that electricity comes from fossil fuels unless we move on to nuclear power which will take years to come to every country. So no, fossil fuels will not run out of price even if Tesla goes big and tries to set up a dominance. This is the electric coin bubble which again will die out with time.

Two different intities and have different supporting cast, there are lots of opinions about this two venue of investments.

It's about how you understand which venue you choose and what are those factors you see in terms of favoring your investment, if you already have that knowledge and you are fully convince that you are capable of gaingin decent compensations, it's your call to decide what venue you think you can have better opportunities.

It is much more convenient to invest on cryptocurrency than oil because it is much cheaper.

You really need a huge capital in order to have a much wider investment on oil especially that it is not that easy to earn profit with it.

While in cryptocurrency, you can earn money just by sitting in front of the computer and study how it works.

I don't know whether a lot of people chose to invest in crude oil. I have seen people trading in crude oil, but I am yet to hear from someone who invests in crude oil (is the OP talking about investing in petroleum companies?). Some of the cryptocurrency users think that the entire world revolves around them, and that needs to change. You can run an automobile with either gasoline, electricity or natural gas. Bitcoin is not suitable for this purpose. So there is no point in comparing these two entirely different assets.

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.

More and more investor, rich and influential people are now beginning to invest in bitcoin rather than oil or any other things because they know that it is more cheaper, easier, and most of all decentralized. They can be free to whatever they want to do with their money, its just that sometimes and almost the price value is unpredictable nonetheless they still want to try and make a profit out of it. 

The subject of the thread makes little sense. It is like saying "pears are better than music", they are two different mediums and it is pointless to compare them. Oil serves a practical role of keeping shipping going around the world, creating jet fuel for planes, creating polymers for all sorts of plastic materials and producing petrol/diesel for the hundreds of millions of vehicles that exist. Cryptocurrency is a store of value that can be used to buy things and transfer money between people. Yes you can trade a barrel of oil, but you would do that with a currency. Oil will eventually run out, but that is decades and maybe even centuries away. Unlike what some people want to believe, Bitcoin is just not that interesting the majority of people beyond being a financial quirk they've heard has made some people rich. New people joining bitcoin now are extremely unlikely to make the financial gains of people who joined below $10k and would be lucky not to lose money at this point.

The thing about bitcoin is that, you do not even have to buy any to own any neither. If you are a talented person you could literally earn bitcoin and that is very important. Back in the day best way to make money was to go apply for a job and you have to be travelling distance to your job, because every day you would go from your home to your work, which means there are maybe a thousand places to work for and you are usually good for like maybe 20-50 of them at the very best chance.

However thanks to bitcoin there are now tens of thousands of jobs you can apply to, all of which suits your talents, plus you could just show up and put your portfolio online and tell people you would be willing work. It is really awesome if you ask me about it, this is really something that makes bitcoin awesome, it is a reason why bitcoin is such a huge thing.

Would be better to have oil/gas produced from things that are abundant in supply, clean, things that reproduce, and are decentralized like plants. With cars powered by rechargeable batteries , you will need to look for electricity to recharge the batteries but with plant based fuel vehicle, you can simply grow your own plants for fuel to power your car, or even miners

During this pandemic, I would really rather invest in bitcoin than oil. Bitcoin is widely accessible. With a little money at hand, you can already invest and generate an income if you are knowledgeable and strategic enough on when to buy, sell, and hodl. The information about cryptocurrency are available online. You can also surf the internet for video tutorials that are given free by most vloggers. Bitcoin is more friendly because any people can invest on it, even when you don't have that much. However, I suggest you risk what you afford to lose since after all, bitcoin is volatile. Invest in accordance to your risk appetite.

Meanwhile, oil isn't much used during this pandemic because of travel restrictions all over the world. The oil industry is once of the most affected businesses ever since the pandemic has started to take over. This type of investment isn't calamity-proof unlike cryptocurrency. In addition, one has to have a nice amount of money before they can invest on oil to feel the profit. I will rather not risk it, especially now.

I have not invested in oil before and I have never had interest in it and I don't look into it. I can remember very well around 2019/2020 when oil prices were crashing, that was really bad and a lot of investors were losing money because of the oil crash. So bitcoin has always been my favorite asset for investment and it works really well.

One good thing about investing in Bitcoin, like some kids said in the news, it is like a lottery ticket that is not ever going to expire and that is the truth. The opportunity comes every time and it's unending. No matter when you invest in Bitcoin you're always sure that as long as you can have the patience that is needed, you're going to be able to make profit , and not just a small profit , but a really big one.

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.

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.

I believe that this is the major thing here. Because most of the cars will be going electric in the coming years and even the electricity for our homes now is more renewable, obviously, the demand for oil will reduce over the coming years and since this will definitely negatively affect the demand you should expect it to also affect investment in it too so it wouldn't be a surprise that Bitcoin will be more attractive for investment than oil.

And don't forget above all other things the simplicity to invest in btc than oil, well am not an oil investor so I wouldn't know the process, if it is easy or not, but I do know that crypto investment is much easier, no rigorous  process is required before anyone can be an investor, and since people are always looking for a simple way to do things it will be part of the reason why many people will prefer btc than oil.

Oil has been getting worse and worse because of renewable energy. We all know things like gas, oil, coal are getting to become the old ways of generating energy when you could potentially use wind and solar without hurting the world, which is why there are so many places who are moving towards clean energy and that is why oil prices are not good at all. At certain point last year you had to pay to own oil, literally pay to own it, normally you pay to get it but do not pay to own it, last year it became less than 1 cent at certain points because there was no place to store it at all.

This means overtime bitcoin which is something that everyone wants did became bigger compared to oil which was something nobody wanted for a while, now they want it again but it will get less and less with more and more renewable energy becomes the standard.

Yes I think 10 years could even mean pushing out more electric cars and bitcoin adoption increasing faster.

About the bitcoin use and adoption, take bayin 2017 to this year, many growth have been recorded. In 2017 ATH was around $20,000 but we see it around $64,000 this year and the year not ended.
What does that price difference means? it is simply that demand for bitcoin has increased, institutional investors have been highly interested using bitcoin as their payment system example PayPal. They wouldn't accept bitcoin if their customers, clients and agent don't use or understand bitcoin, ethereum and altcoins.

Oil is regulated by a body and that means also that it supply can be controlled or limited but bitcoin is the choice of freedom, voice and usage by the populace. I think what will be the big challenge for oil is electrically manufactured cars that is going to saturate the transport market.

Although, Oil is used for many things from its by-products but the major export of Oil is to fuel cars and the transport space.

it depends on the factors that attract different people. If crypto users, the choice will fall on Bitcoin, but out there those who are already in the world of investing in oil, coal, and even natural gas, gold remains in its position based on the profits.
So, we agree that the investment industry has an equal share of the long-standing interest and sustainability categories. You with comfort, they too.
Our lever is to add cryptocurrency to the world, apart from physical investments, there are also investments that are much cheaper. Anyone can invest in bitcoin even with a capital of under $ 100, but dealing with oil investing with entrepreneurs, I think small capital is difficult to enter.