Topic: Would you prefer to own a luxury watch or invest in bitcoin or other assets? - page 12. (Read 1461 times)
July 08, 2023, 09:49:49 PM
The luxury watch business is also a good idea, and we can profit from it, but to start with it, we need big money and a relationship with the elite as it is not for the majority. While it has the potential to be profitable, I find it lame to compare the watch business to investing in bitcoin or real estate. I don't believe it can give a better return than investing in bitcoin or real estate. So like many people, I would choose bitcoin over watch business. When it comes to profits, there can be no more potential asset than bitcoin.
July 08, 2023, 08:38:08 PM
I'm not a fan of watches, especially luxurious watches. And if I buy a watch for the sake of investment and not appreciate it as it is, I don't find any point in it. So, this isn't really a difficult question to me. I would readily choose Bitcoin over a luxury watch.
But I sure appreciate the beauty, details, and scarcity of some limited edition watches. There's a thread in the collectibles section here about Bitcoin Watches by SatsLife. It's just unfortunate that the imgur issue has deprived the OP of the amazing pics of these rare beauties. But they're really attractive and could definitely be kept as an investment.
But I sure appreciate the beauty, details, and scarcity of some limited edition watches. There's a thread in the collectibles section here about Bitcoin Watches by SatsLife. It's just unfortunate that the imgur issue has deprived the OP of the amazing pics of these rare beauties. But they're really attractive and could definitely be kept as an investment.
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July 08, 2023, 08:17:04 PM
I believe everyone has a choice in what they want, and it wouldn't be an option for me to invest in luxury watches over Bitcoin. When you make an investment, you don't just consider one thing; you have to think sideways. First, if you invest in this watch, depending on the price—let's say it's $20k—you should calculate what the watch will be worth in the next five years, and you should also calculate what your profit would be if you invested that same amount in Bitcoin. What do you expect your profits to be in the next five years? You can make your possible assumptions and think of the one that would be more profitable and comfortable for you to make.
Let's take, for example, if you have your Bitcoin stored in a cold wallet like a hardware wallet and you lose that hardware device but still hold on to your phrase, you can easily import your wallet and have your asset back. But what if you get that watch and get robbed of it through any means? That means you are totally at a loss. Well, everyone knows they have choices for what they want.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
Let's take, for example, if you have your Bitcoin stored in a cold wallet like a hardware wallet and you lose that hardware device but still hold on to your phrase, you can easily import your wallet and have your asset back. But what if you get that watch and get robbed of it through any means? That means you are totally at a loss. Well, everyone knows they have choices for what they want.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
July 08, 2023, 07:55:50 PM
I dont have really knolwedge on watches and also i dont own one as I dont like it, I dont know if there is someone also not fun of watches and also using it? because I don't want something attached to my wrist, so choosing between 2 is that I do prefer Bitcoin, as owning a luxurious watch means that you still need to do maintenance on it, and you also need to sell it off or find a buyer for it, which increases the risk of getting scammed. Unlike bitcoin, I already have knowledge of it, which makes me more confident that I could gain profit on it.
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July 08, 2023, 07:50:05 PM
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I think no matter what people say, stocks and real estate are the best investments. They are investments into the economy, so they are like a chicken that lays eggs. While speculative investments are more like gambling.
I think no matter what people say, stocks and real estate are the best investments. They are investments into the economy, so they are like a chicken that lays eggs. While speculative investments are more like gambling.
I heard that the luxury watch business is also very profitable, but it is ridiculous to think it is an investment that can be better than stocks and real estate. If we evaluate objectively and fairly, there is no better investment than real estate and stocks, it is the best and safest investment we have, and not even bitcoin can be comparable. Even if bitcoin becomes more popular, it will never overtake real estate, let alone the luxury goods business, will overtake real estate. This is the truth, but many people persist and avoid it.
July 08, 2023, 06:59:39 PM
For me, I will invest in other assets and bitcoin, because there is a possibility that its value will increase and of course also avoid losing. It is better to put the investments in different assets so that if someone loses someone else can recover. Then there is the thing that will be loved because that time will also come when you will be able to get it if you become a multimillionaire in the world. But for me, it's better to just be simple with respect for other people if we're already up.
July 08, 2023, 06:50:46 PM
What is the purpose of having a luxury watch which will somehow lose value in the next 12 months because another watch that's more expensive than it will be released? For ordinary people that's no sense but for wealthy people is marketing, and showing that they have class could make them get more business proposals or deals.
But if the question was for me to answer, I will go for Bitcoin.
But if the question was for me to answer, I will go for Bitcoin.
July 08, 2023, 06:50:13 PM
Nothing will outperform a stock in a growth sector that is an industry leader. The problem is most stocks arent breaking into unchallenged markets and quite a few sectors pull back on a regular basis, far harder ground. The watch is just an entirely different type of investment, I'd call it a commodity as it has no yield to its existence unless you can rent it out perhaps.
All the things mentioned have varied dynamics, the easiest answer is to go for stability and utility, manage all of them. Owning your own home is most easily arguable but the prices can pull back harshly if unjustified longer term. I'd rather have all of them as its miserable to own something coming down in value, if you use it like a watch might be used then at least you have that. Antiques can fall in value for a decade or more and are subject to trends in demand.
All the things mentioned have varied dynamics, the easiest answer is to go for stability and utility, manage all of them. Owning your own home is most easily arguable but the prices can pull back harshly if unjustified longer term. I'd rather have all of them as its miserable to own something coming down in value, if you use it like a watch might be used then at least you have that. Antiques can fall in value for a decade or more and are subject to trends in demand.
July 08, 2023, 06:37:29 PM
Will the luxury watch feed me? I'd invest instead. While other people trade luxury watch also for money making.
July 08, 2023, 06:32:03 PM
With the money I have? I'd rather bet it on bitcoin and other crypto assets. If I have more extra in my name, I'd definitely invest in luxury watches. Heck, the market is ludicrous and there are still a lot of rich guys wanting a timepiece from the past that is no longer under production. That's why vintage watches from even Seiko and Casio are still worth much, sometimes even higher than new releases from Patek Philippe, Rolex, etc.
Diversification is the key. There's no harm in buying watches for safekeeping and investment purposes.
Diversification is the key. There's no harm in buying watches for safekeeping and investment purposes.
July 08, 2023, 06:27:30 PM
If I were a multi-millionaire, I would diversify my investments into collectibles like wine bottles, fine art and maybe even watches. But if I have only enough money for one watch, that would be a stupid investment, because it's stupid to place all eggs in one basket, especially if that basket has questionable fundamentals.
I think no matter what people say, stocks and real estate are the best investments. They are investments into the economy, so they are like a chicken that lays eggs. While speculative investments are more like gambling.
I think no matter what people say, stocks and real estate are the best investments. They are investments into the economy, so they are like a chicken that lays eggs. While speculative investments are more like gambling.
July 08, 2023, 06:12:28 PM
If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?
Owning a luxury watch have a lot of risks attached to it, you need a high capital to start with and you have to properly maintain it and it can be stolen and it can be damaged through fire and mishandling. Compared to Bitcoin where you can invest whatever amount you can, you can easily secure it through a hardware wallet, and the return on profit is better in Bitcoin, especially in a bull run.
Luxury watches also have a good return but compared to Bitcoin there is a high cost of maintaining it and besides in my case I am not fond of expensive accessories I'm ok with sports watches that cost a hundred dollars.
July 08, 2023, 06:12:02 PM
If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?
Everyone will be investing accordingly to what they are interested in, but am sure it will be difficult for someone to choose owning a luxury watch over investing in bitcoin or other assets. If am going to invest then I will invest in bitcoin, since I already understand what bitcoin investment is all about, I know things which I will do to protect my investment, and other basic things I should know. Actually their are other investments which you mentioned above that are really nice, but since I have little or no knowledge about those investments then I won’t be choosing them, I will go for bitcoin that really know about and I know bitcoin is not going to disappoint me, all what I have to do is just to hold my bitcoin.this situation is like this, you don't expect a non-crypto user to invest in btc over a luxury watch. that shows a simple logic how a person will look at this scenario. so yeah, it depends on the person himself how he will invest his money, a tangible asset or a digital asset. some are more comfortable knowing they are keeping a tangible asset and not going into the volatile market. whereas, some like the thrill of observing and investing on a fast pace market like crypto.
July 08, 2023, 05:40:15 PM
If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?
Everyone will be investing accordingly to what they are interested in, but am sure it will be difficult for someone to choose owning a luxury watch over investing in bitcoin or other assets. If am going to invest then I will invest in bitcoin, since I already understand what bitcoin investment is all about, I know things which I will do to protect my investment, and other basic things I should know. Actually their are other investments which you mentioned above that are really nice, but since I have little or no knowledge about those investments then I won’t be choosing them, I will go for bitcoin that really know about and I know bitcoin is not going to disappoint me, all what I have to do is just to hold my bitcoin. 
July 08, 2023, 05:15:26 PM
I have never understood luxury accessories ever in my life. Doesn't have to be a watch but to be fair the only watch I ever owned was a gift from my aunt when I was like 15 or 16, never bought a watch ever again, never been gifted one of course since they are quite expensive if you go that route. But I also do not understand other stuff either, necklace, earings, rings, wrist thingies whatever they are called, they even have some for feet. At the end of the day the only thing I am willing to spend money on like that would be clothing, which I rarely do, but sometimes I do it, usually wear cheap stuff as well, if I have 1 expensive shirt, I probably have 10-11 cheap ones as well, only wear the expensive one on special days. So long story short, I rather invest into bitcoin of course, because expensive clothing or accessories never made any sense to me, and probably never will after this age.
July 08, 2023, 05:09:13 PM
Create a money machine first from your investments before buying anything else.
Watch can be a good investment if you are going to buy the high end watches but if not, better to buy Bitcoin more. If you are going to spend on material things, make sure you already have good assets and good investment, this is still what matters the most and for me, watches is not that good investment.
There is no need of holding expensive watches when you don't worth 10000 times of that watch. It will be deluding and irrational for us to wear expensive watches or clothes just to appeals the public why beneath us, we don't have anything. We need to be wise as human so that we can create portfolio of wealth without even disclosing that to the public until the right time comes for the world to know how much we worth or how wealthy we are. Those that don't have the spirit of investing would not last long as a millionaire or as a wealthy person. Watch can be a good investment if you are going to buy the high end watches but if not, better to buy Bitcoin more. If you are going to spend on material things, make sure you already have good assets and good investment, this is still what matters the most and for me, watches is not that good investment.
July 08, 2023, 04:56:29 PM
Create a money machine first from your investments before buying anything else.
Watch can be a good investment if you are going to buy the high end watches but if not, better to buy Bitcoin more. If you are going to spend on material things, make sure you already have good assets and good investment, this is still what matters the most and for me, watches is not that good investment.
Watch can be a good investment if you are going to buy the high end watches but if not, better to buy Bitcoin more. If you are going to spend on material things, make sure you already have good assets and good investment, this is still what matters the most and for me, watches is not that good investment.
July 08, 2023, 04:27:04 PM
Agree, don't force yourself to invest in anything if we are not experts in understanding the profit opportunities and the impact of losses from the investment, there are many things that must be learned if you are interested in investing in branded watches because the main category is branded watches with limited production which have a high level of supply, besides the maintenance costs are also very expensive and not all branded watches can be used as an investment.
However, the main point is that we must have the knowledge to manage investments regardless of whether we have watch investments, crypto investments, gold and property, all of which must have their own expertise to avoid the risks of these investments.
Investing in watches looks even riskier than investing in cryptocurrencies. You can buy a watch, but it might break and you won't be able to fix it. Another risk is that the fashion for that model will pass and you won't be able to sell it. After all, the watch could be stolen from you. It is better to buy a bitcoin.
July 08, 2023, 04:21:29 PM
In a way you answered the question yourself, buying those luxury watches can bring profits but only if you are an expert on the topic, and this in a way works similarly to any other collector hobby you may decide to undertake, bitcoin does not has any of those problems due to its fungibility and as such it makes it easier for the average person to invest in it, so if given the choice the decision should be easy, if you are an expert on those watches then you could invest in them but if not then invest in bitcoin instead.
Agree, don't force yourself to invest in anything if we are not experts in understanding the profit opportunities and the impact of losses from the investment, there are many things that must be learned if you are interested in investing in branded watches because the main category is branded watches with limited production which have a high level of supply, besides the maintenance costs are also very expensive and not all branded watches can be used as an investment. However, the main point is that we must have the knowledge to manage investments regardless of whether we have watch investments, crypto investments, gold and property, all of which must have their own expertise to avoid the risks of these investments.
July 08, 2023, 03:36:58 PM
Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.
I usually see celebrities buy these expensive watches. And it is usually believed that they own these designer watches because of luxury and they can afford them. I never knew it could be a profitable investment. But I will never consider buying these watches because they are mere accessories. It can be easily misplaced or stolen because it is meant to be worn and not to be saved. Maintaining these watches will be another problem. These watches will need special care or attention to preserve and keep them safe. These luxury watches are also prone to faults or can get spoilt which can be difficult and expensive to fix. Bitcoin is not expensive to store, doesn't need special care, and can be saved easily. The currency also appreciates just like these watches. I will always choose Bitcoin over these luxury watches. Quote
If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?
My choice will be:1. Bitcoin
2. Real estate
3. Gold
4. Stock
5. Digital assets.
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