Buying a watch as an investment is not a good idea because you or someone else can predict with certainty which model will skyrocket in price. Unless you are a true watch lover or watch collector, you can predict with certainty which model will skyrocket in value.
and since the OP asked the question in this forum I think everyone will say it's better to invest in bitcoin. Because they know and understand bitcoin when compared to watches, they even feel the benefits of bitcoin. So bitcoin is a better choice as an investment than a watch, especially in the long term.
Topic: Would you prefer to own a luxury watch or invest in bitcoin or other assets? - page 14. (Read 1377 times)
July 08, 2023, 11:39:13 AM
July 08, 2023, 11:16:30 AM
Wrist watches have no value of their own, what makes them valuable or increase their value in the future is the price the materials they are made of(gold, silver, bronze).
So, if a watch is made of gold and in two years time gold appreciates, the value of the wrist watche will automatically appreciate.
So, if a watch is made of gold and in two years time gold appreciates, the value of the wrist watche will automatically appreciate.
July 08, 2023, 10:57:06 AM
it's worth noting that their appeal may diminish over time.
Watch is watch and bitcoin is bitcoin. Watches, no matter how expensive they are they are still for that purpose that they are made for. Watch is not an investment but for luxury or comfort just like by greater extent, like buying car. Bitcoin is an investment asset that can appreciate over the years.
The real reason that I won't prefer watch over bitcoin is that watch has no additional value in the future but only serve the utility it was made for but bitcoin is $30,219 as I'm posting and tomorrow you could see it in $31k and it keeps rising just like expected with assets.
July 08, 2023, 10:55:35 AM
I'll have my priorities in the list in particular order.
1. Bitcoin
2. Real estate
3. Stocks
4. Luxury watches
5. Gold
With the last which is digital assets, what do you mean by this, NFTs? We've got already the stocks, maybe REITs are one of it. Aside from that, artworks as well, collectible cards (NBA, Pokemon, etc.).
1. Bitcoin
2. Real estate
3. Stocks
4. Luxury watches
5. Gold
With the last which is digital assets, what do you mean by this, NFTs? We've got already the stocks, maybe REITs are one of it. Aside from that, artworks as well, collectible cards (NBA, Pokemon, etc.).
My priorities are a little bit different:
1. bitcoin
2. bitcoin
3. bitcoin
4. bitcoin
5. cash
That's all I need in life to be honest. Some bitcoin and some cash to spend when bitcoin is in a bear market or when the seller doesn't want to accept bitcoin.
I don't care about jewelry at all, as I don't wear any and my wife doesn't like it either. She doesn't even wear our wedding ring as it's impractical and only collects new scratches every day.
I have a watch but it's a sports watch because all I really need in a watch is that it shows time in situations where I can't use a phone and is water/shock proof. I'm a practical person.
July 08, 2023, 10:50:21 AM
When I didn't have money, material goals were always the ones that I mistakenly thought would have to be achieved, but when I earned money and could completely buy it, I realized that I had been wrong in my views prejudices are created by society. Obviously from my current point of view, even when looking at precious watches but for jewelry or luxury, it doesn't mean much in terms of telling the time or making me beautiful or better, but clearly if investing in bitcoin then i can understand the story there will be a chance to have more money in the future, the stuck problem is what do we make the money for, because it has spending circles and make money endlessly. So we can choose which one is right for us, so everything has its own merits.
July 08, 2023, 10:40:37 AM
I will still invest in Bitcoin over others or maybe I will choose gold as another option because gold is a relatively stable investment compared to other investments. I do not know watches so I won't go for it for now.
Investing in Bitcoin has been my choice for a long time because we can control how much money we can afford to invest. And even though the price of Bitcoin will still fluctuate, I think it's okay because the price of Bitcoin has the opportunity to increase greatly in the future. And that is why many people also choose to invest in Bitcoin because the return on investment can increase many times.
And I'm also not very interested in luxury goods because that could invite bad people to rob it. So keeping Bitcoins would be better for me because I can hide the wallet somewhere only I know.
Investing in Bitcoin has been my choice for a long time because we can control how much money we can afford to invest. And even though the price of Bitcoin will still fluctuate, I think it's okay because the price of Bitcoin has the opportunity to increase greatly in the future. And that is why many people also choose to invest in Bitcoin because the return on investment can increase many times.
And I'm also not very interested in luxury goods because that could invite bad people to rob it. So keeping Bitcoins would be better for me because I can hide the wallet somewhere only I know.
July 08, 2023, 10:23:53 AM
I don't need to think twice before giving you the answer to the question that you asked above. I will invest in Bitcoin because,I believe that bitcoin volatile nature makes it more valuable than other assets both physical and digital. If you use $100k to invest in bitcoin and hold on your investment for 8 years,and but luxury watches with the same amount of money and keep it for 8 years,mate you will make 10x profit in bitcoin compare to what the luxury watch will earn you. Bitcoin is a store of value and bitcoin halving makes it more superb but that luxury watch isn't. The watches must be made of gold and diamond or else forget it because it will depreciate in value
July 08, 2023, 10:11:54 AM
Are you serious? In a Bitcoin forum what do you expect us to answer? The people I know who buy expensive watches is because they already have enough wealth accumulated in other ways, so I would expect the same from someone in this forum. I mean, someone who has a couple dozen bitcoins accumulated and buys a couple of watches to diversify, but if you are in Bitcoin accumulation phase I don't see the point of wanting to buy expensive watches.
Yes, it's a bit of a strange question considering where we are, but if you look at this board or Bitcoin discussion you will surely notice such questions, whether it is a comparison to gold, real estate or stocks. The problem (if we're going to call it that) is that most people see Bitcoin only as a means to achieve the goal (as much profit as possible), and very rarely as a currency that allows them to make transactions without intermediation anytime and anywhere every day.
Even when we talk about luxury watches in the form of investment, I think that such watches are generally no match for investing in Bitcoin in terms of profit even if we just go back less than 1 year in the past. It is true that luxury watches are similar to gold and we will not lose 10% or more of their value overnight, but we will also not be able to count on earning 100% or significantly more in a very short period of time.
Another important thing (at least for me) is that such watches are something that requires special storage in protection against possible theft, and we can be sure that every thief is looking for just such values, and that they will steal such a watch rather than a piece of paper on which someone wrote their seed.
July 08, 2023, 10:08:33 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.
This is one of my plans after making a profit with Bitcoin. I'm not knowledgeable with it and that's why I am starting to research about its market and aside from having an interest on it, I'd like to give it to my pops and at the same time he'll have his investment as well. Most of these watches tend to appreciate in value.
And more to appreciate if you have the limited edition.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?
I'll have my priorities in the list in particular order.1. Bitcoin
2. Real estate
3. Stocks
4. Luxury watches
5. Gold
With the last which is digital assets, what do you mean by this, NFTs? We've got already the stocks, maybe REITs are one of it. Aside from that, artworks as well, collectible cards (NBA, Pokemon, etc.).
July 08, 2023, 09:52:18 AM
Luxury watches at the top end of the market can be considered as an alternative form of investment.
It all depends on what the watch is made up of, if it's a gold watch then it may be a little bit considered as long as it have a second hand value, but i want to prefer bitcoin investment over a luxury watch because bitcoin investment has a way of holding it in a more secured way and can give more of privacy than watch, if you're the type that has passion for fashion, using a watch may be good enough but once people detect that it's an expensive type that could worth a million.
People may try to physically attack you and take that away from you, also it yield on profitabilities cannot be compared to bitcoin, watch or any golden material may only retain a value with little addition of profits unlike bitcoin that can make huge amount of profits over it's investment.
July 08, 2023, 09:52:06 AM
Are you serious? In a Bitcoin forum what do you expect us to answer? The people I know who buy expensive watches is because they already have enough wealth accumulated in other ways, so I would expect the same from someone in this forum. I mean, someone who has a couple dozen bitcoins accumulated and buys a couple of watches to diversify, but if you are in Bitcoin accumulation phase I don't see the point of wanting to buy expensive watches.
July 08, 2023, 09:49:05 AM
Luxury watches, old beer pots, cars that were manufactured per order or in first copies, etc. are forms of investment because there is a demand for them, and a supply quantity cannot be created in sufficient time, so we cannot go back in time to make a classic car from the year 1930 or there are no hands and workers A skilled worker has enough watches, for which the demand increases as assets of limited value, but what earns them that value is demand, not limited supply.
One of my relatives has a collection of Rolex watches, the value of which has only increased by 20% over the last 3 years, even though its value exceeds $100,000. you are investing in growing demand, not limited supply.
One of my relatives has a collection of Rolex watches, the value of which has only increased by 20% over the last 3 years, even though its value exceeds $100,000. you are investing in growing demand, not limited supply.
July 08, 2023, 09:35:28 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?
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?
I have never owned a luxury watch and have never heard of an investment in a watch that would yield a higher return than an investment in stocks, gold, or real estate. In my opinion, watches are just man-made products, we can create as many as we want, how can it be considered a better investment than gold or real estate?
Since I don't know about it, I wouldn't choose it instead, bitcoin is the choice because its profit potential outweighs all, despite the greater risk involved.
July 08, 2023, 09:32:11 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’s simple I would prefer to invest in something I have substantial knowledge and experience on. The issue with investment most at times is people tend to invest in what they do not have knowledge about even if that business is lucrative, without proper knowledge it will not yield the desired profits.
Bitcoin which is my pick is easier is to understand and doesn’t need middle man in terms of purchase and selling. It is also a future asset that has the ability to grow in future
July 08, 2023, 09:28:00 AM
I may be a realistic person. Even though I know about bitcoin, and its prospects in the future. I will not bet all my money in bitcoins. If all my money is in bitcoins, if I need money when the market is bad then I might end up losing.
I will divide my asset ownership in 3 sectors. The first is a sector that has high stability but is resistant to inflation, for this category I choose gold. Both of these sectors have low risk, maybe I will choose blue chip stocks. The three high-risk sectors are definitely bitcoin.
If my finances are good, I will buy more bitcoins so that in the future I can make big profits. But if my finances are less stable then I will keep a relatively small amount of bitcoins. As for watches, I don't really like them, let alone call them assets
I will divide my asset ownership in 3 sectors. The first is a sector that has high stability but is resistant to inflation, for this category I choose gold. Both of these sectors have low risk, maybe I will choose blue chip stocks. The three high-risk sectors are definitely bitcoin.
If my finances are good, I will buy more bitcoins so that in the future I can make big profits. But if my finances are less stable then I will keep a relatively small amount of bitcoins. As for watches, I don't really like them, let alone call them assets
July 08, 2023, 09:24:54 AM
If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?
I will have to choose investing in Bitcoin over luxury. This is because I understand the Bitcoin market better and know how the profit can be calculated. But that of the luxury watch, for which I believe the price tag might depreciate or reduce and whose value is highly dependent on either the price of material used for the making or the power that the brand holds in society and the hype it gets from the market, for the main time the luxury watch will be considered very expensive because of the hype that's it's gotten in the market, but we also have to consider what will happen next if their competitors have to take over the market with a more trending product, the outcome will be a decrease in price, and the case won't be any different from what was experienced in the time of NFT hype.
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?
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?
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