Would you prefer to own a luxury watch or invest in bitcoin or other assets? - page 13.

lizarder

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

There are products that are available today are quite limited and the price has never dropped and instead increases. The clock product that you mean can only be owned by upper class people who have countless wealth and talk about the quality of the clock can not be bought by ordinary people who only have standard wealth. So the question you want to ask, of course, will not be answered with consideration of buying Bitcoin, Gold and Real Estate. When people choose to buy these products, they also automatically have other sources of wealth that are much bigger and buy clocks at fantastic prices are also an investment for them.

There is no choice basically and when people choose to buy branded clocks at a fairly fantastic price that has been through consideration and most of these people have a much greater source of wealth. Then ask some people generally will not get a definite answer, because we have never been faced with that choice so far.

irhact

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Luxury watches depreciate in value and so does Bitcoin price during the bear market. This means both assets can lose their value at some point but what make Bitcoin better and a better choice to choose between the two is, bitcoin has always gained back its value when it depreciate but I don't think the luxury watches gets back it's value if it loses its value like how bitcoin has done many times in the past. Bitcoin is a better option between the two.

Luxury wallets are fun to owned but they can lose their worth when you don't store it properly, it loses some of its original characteristics. It has to be as clean as when you bought it and that can be very hard to do. Bitcoin doesn't need all those care since it's digitally stored.

Silberman

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

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.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

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.

Asuspawer09

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

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.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

In my opinion, owning a luxury brand wasn't really a bad investment I mean it's a good investment since most luxury watches or vintage watches are collectibles so the value of it is increasing over time depending on the rarity, but these luxury brands' cost you a big amount of money so it's obviously going to be risky as well putting on this watches, I mean it wasn't really a guaranteed profit as well.

I would prefer Bitcoin investment compared to other assets or investments like luxury watches, just because of the high investment in luxury watches I would not prefer it, I also feel like these watches could be just for people who can afford this kind of item, it's going to be huge money if some of this watches prices are going to drop so you should make be able to afford that, your gonna need a lot of knowledge about this items if you really want to invest on this kind of brands. Unlike Bitcoin, you could invest as low as you want and still earn a good amount of profit in the future. But I invest in Bitcoin for the goal of buying an asset like a house that I want to use as an apartment where I could earn a passive income.

Cryptomultiplier

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If the luxury watch is one that is made of gold or diamond, and I know this will have a future high value as much as BTC, I could buy it, but nothing beats having an investment sitting in ones account somewhere that even the bank don't know about and I live freely without the fear of being lynched or burgled because of a luxurious watch I possess.
If I have the crypto knowledge or the right brokers around, I could invest in BTC and Eth and probably. They have been much more stable with a proven track long term record to HoDL.

BNB would have been a good choice too, for quick earnings as a trader, but SEC regulators won't let Binance breathe. Until the case is resolved, BTC and Eth is where I would invest the money supposedly for buying a luxurious watch instead.

panganib999

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

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.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

The thing is besides the fact that they are fucking expensive, for some brands like Rolex and Patek, you can't really buy them even if you have the money for purchase, you got to fork some more money to get into membership and only by then will you be able to acquire the watch. Usually getting on a membership requires you to buy some affiliate products and fork over more money. All these processes make it so hard to acquire a luxury watch over these brands by yourself, which to some people makes them even more valuable cause it's only available for those who have the time and patience to even go through that whole process.

In the case of bitcoin that's not really what's happening. You can easily buy it, store it, and sell it if you want to. To some this may entice them, to some this is just a no-no. Now I'd say that it all depends on whether you want a watch or a bitcoin but I'd be talking like the resident shitposters in this forum so I'd just say that, given the fact I already have a sizable bitcoin portfolio, I think it would be nice copping one of those nice watches yeah?

ZAINmalik75

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I would also prefer BTC over luxury watches. Because, luxury watches are not very cheap so to start investment in this business we need big chunk of money. And the risk in Watch business is more then trading in BTC. Because we have to remain up to date about new and old watches and the trends in the fashion styles too. Without it we are just collecting useless stones.

Quote from: Lorence.xD on July 08, 2023, 01:46:51 PM

I would say both cause it would be better to have alternative investment incase the one fails. Watches, gold, real estate and crypto, anything in these could be considered good investment only

If the watches are same investment as Gold then I will chose Gold then Luxury watches. Let me tell in sequence what I will chose I have many options. First is BTC then Real Estate then Gold. Oops watch business is not on the list.

If I would be able to make some big profits in BTC trading or holding then k would love to buy one Luxury watch but of course I will opt to buy fake or clone one because it also gives the same feeling. Cheesy

Lorence.xD

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Investing in watch is also a good idea it's like investing in gold. But the thing in watch is you'll have to maintain its value without damages for years so when the supply is low it's value could increase. The more rare the watches then the more demand in the market. However, you would also need to know like study about watches since there's also spreading of scam and fake watches.

For Bitcoin, it's difference is that it has a volatility present where you'll have to take advantage. If I were asked what I prefer? I would say both cause it would be better to have alternative investment incase the one fails. Watches, gold, real estate and crypto, anything in these could be considered good investment only if you are knowledgable enough. I've resell a watch before I bought it on other country but when I came back to my place it's value doubled since there's no kind of edition in my country.

Mpamaegbu

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

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...

If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

I'm sure a lot of users here will pick investing in Bitcoin over exotic watches. Take this same question to other fora peopled by those who don't think much of Bitcoin, you can guess what their answers would be.

Back to what you said here, "Most of these watches tend to appreciate in value", so it's not like the watches are even bad investment like stuff that depreciates in value. Therefore, anyone who chooses to invest in those watches is also making a wise investment decision. For me though, I'm not a watch crazy person, I will pick investment in Bitcoin over that of watches.

BIT-BENDER

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I think you should rephrase your question and put it in the best way, when you talk about owning a luxury watch that definitely means it's a very expensive watch, now relating to to your question would the amount of Bitcoin and other asset be the same as the luxury watch.

If the whole assets would be of same amount then in my own opinion it would be Bitcoin and that's not even a hard to decide on, Bitcoin in my own opinion would do more than those asset in the future.

Faisal2202

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

It's an obvious choice. Because I have knowledge of Bitcoin not of Watches. So, I will choose the one about which I have great knowledge or at least some knowledge. The trading of luxury watches is a thing! I just came to know about this now and I also have no interest in watches dither they are luxurious or not. Because I have to carry my smartphone all the time and when I have to see the time, I check it on my smartphone.

Plus I think if a person like me who have a small investment that is not enough to buy a single luxurious watch then how could I start making a profit out of it but at the same time with the same amount I could at least buy some parts from 21 million BTC. Which could be 1 BTC or 0.002 BTC. The point was, I can start investing and making a profit in BTC with the low budget too but it becomes difficult in the luxurious watch business as we all know they are expensive.

WatChe

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Quote from: teosanru on July 08, 2023, 12:14:04 PM

Obviously, it's better to invest in any asset as compared to putting your money in such stupid things. Infact I feel it's never worth it to invest into depreciating assets. But yes there is one small difference or exception, if you really are interested into a certain thing and are saving for one specific thing then it's better to go with that specific thing only, no point keeping on investing by killing your dreams and choices.

There are people in world who have likeness for things like cars, watches, pets etc and they spend huge money on them. I don't see any odd thing in doing so as everyone of us has the right to enjoy the life and fulfill our desires. If you have extra money then you can go and buy things you like but never do such things if you are short of cash or from borrowed money. If you have to invest then then Investing in bitcoin is the safest option but for long term.

so98nn

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Haha, this is funny because it reminds me of something that will definitely happen in my country if I go and buy expensive luxurious watches. All of my friends will start looking at their wrist watches and start asking about the current timing and then they will ask what's the time on my watch. Then they will pull me over with the fact that everyone's watch is the same no matter how expensive it is or cheap it is.

Forget about the status that is shown by the watch. That is just merely a man-made cruel way of showing off the richness. It has no meaning in real life when it comes to emergency situations or some issues which can not be solved with let's say money.

I would definitely save an equivalent amount of money in bitcoin. It has a bigger market, it can be sold at any time that too anonymously. It can be traded everywhere in the world. Most importantly it can grow over the period of time in terms of it's value.

mvdheuvel1983

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One of my favourite YouTubers has his investment in high-end watches. His other investments are in cryptocurrencies, he has a software company and social media marketing. I remember him saying that the moment he bought one of those luxury watches and stepped out of the shop the price of the watch doubled. So yes luxury watches is a good investment but I wouldn't trade it for bitcoin investment or real estate because I feel that these are much more easier to protect than a luxury watch.

Litzki1990

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The watch brand names that you have mentioned are world famous brands so to invest in one or two such brand watches or watches will definitely require a lot of money. And setting up such a big business requires a lot of hard work because if the business you want to start is competing with several reputed companies already running this business, you must put in a lot of hard work and still you will be successful in this business. Watches are one of the things that people love. Usually hobbyists spend so much money on such watches. If you want to start this type of business, you need to attract more people who have a different love for watches and who like to read watches and you must collect some unique design watches so that anyone who sees your watch will easily like it. .

terencio

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The return on investment for luxury watches tends to be quite satisfactory. However, the worth attributed to an item is typically influenced by its demand and supply. While owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it’s worth noting that their appeal may diminish over time.

teosanru

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

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.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Obviously, it's better to invest in any asset as compared to putting your money in such stupid things. Infact I feel it's never worth it to invest into depreciating assets. But yes there is one small difference or exception, if you really are interested into a certain thing and are saving for one specific thing then it's better to go with that specific thing only, no point keeping on investing by killing your dreams and choices.

flyingcarpet

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

It may not be right to put all your money in one investment instrument. Of course, if you have money above the normal level. If you have a normal income, you can make a single choice. The only disadvantage is that sometimes crypto may not rise for a very long time. This is true for all investments. Some years provide a great advantage for some investments while others provide no advantage at all.

I like to turn to investment instruments that I see advantages rather than a single investment instrument. In doing so, I will never give up bitcoin.

nara1892

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Personally, I don't really like things that are glamorous or show ownership status to the people around because it invites more evil to monitor our lives. Luxury watches when worn and attended events so that we only get compliments that we are considered rich or can afford. Only that much? As a human being, the desire to show off is a natural trait that must be owned by every individual, but that doesn't mean we can't decide which one is good for security, right?
Imagine if we had 10 BTC in a hidden personal wallet, unknown to others and would not lure criminals to come, inaccessible to anyone other than ourselves. This is true ownership, Bitcoin provides a choice over other choices.

Eternad

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Quote from: alastantiger on July 08, 2023, 08:31:05 AM

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.

Not all luxury watches appreciate value over time. It depends on the rarity of that watch and the demand for that watch. It’s very hard to find a perfect buyer for this kind of investment and it takes a lot of time and money just to maintain this kind of watches running in good condition for a long time until you will find the rightful buyer.

Bitcoin is much investment because you just need to store it on hardware wallet and just hold until the value grows. You can easily take profit too since there’s an instant liquidity available compared to luxury items. I don’t consider luxury items as investment because their future value is only defined by the interest of collectors.

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