Would you prefer to own a luxury watch or invest in bitcoin or other assets? - page 3.

bayu7adi

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Quote from: STT on December 26, 2023, 06:58:09 PM

I will vote for the watch but with one very important proviso. Iam going to need to be gifted the expertise in the watch making and history to reflect the market for that asset, give me that depth of understanding and appreciation and I can justify owning such a nice luxury. I have no need for a watch in this modern era, its nice I like the idea but if anything I'd rather own the watch my dad gave me before he passed away. The reason I wear no watch every day is because I frequently have to lift very heavy awkward objects, scrapping my arms or wrist against maybe brickwork or a rock wall which will break anything quickly; anything nice I own or wear gets wrecked or worn down. So the only watch I could wear would have to be indestructible I think even the best ones will scratch and break under blunt force. Unfortunately Im bit too rough to wear anything nice, just the way it is so it'd be kept in a box and never seen most of the time which is a waste mostly unless for investment hence my proviso.

Seems like this isn't about its function, but rather its value as an investment. It's true, watches serve the basic function of telling time on your wrist, but you've probably heard about watches gaining value due to limited or rare editions. Not every watch appreciates in value after purchase, so it's a bit like a speculative market for collectors.

Similarly, BTC was initially designed for p2p transactions, but now many use it as an investment tool, capitalizing on price fluctuations. Anything with potential to make money will always have people maximizing that potential.

Choosing a watch isn't wrong, and choosing Bitcoin isn't wrong either, as long as the user understands what they're doing. If you're a watch enthusiast, you'd likely be aware of opportunities in the watch market. The same goes for Bitcoin... to get profit from Bitcoin investments, at least some understanding of the Bitcoin market is necessary. It all depends on an individual's level of knowledge about the item they're buying, and every choice will have its reasons.

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Quote from: oktana on December 26, 2023, 04:41:43 PM

Why would I go for luxury watch? I do not even see anything that it offers that is interesting for me to decide investing in it. What if the watch spoils somehow? Grin

. Okay, on a more serious note, Bitcoin is a way better investment because you can easily trade it at any day and anytime. No one will start asking you what brand of Bitcoin it is, how much you got it, or any of those long protocols of selling a luxurious asset. Oh, and you have to secure it again too… remember it’s physical. Even if there was no Bitcoin, I can use the money for something else other than investing in a luxurious watch… it just sounds weird (maybe because I don’t have that money).

Luxury watches grow in value overtime especially those that have a limited edition kind plastered on their boxes, they're expensive but they're well worth your money because they quickly grow in value but if I were to choose, I'd still go with bitcoin because I can get in to bitcoin much cheaper compare that to these luxury watches where it can go at a 20k USD at a minimum and that's not even the ones that will grow in price exponentially.

STT

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I will vote for the watch but with one very important proviso. Iam going to need to be gifted the expertise in the watch making and history to reflect the market for that asset, give me that depth of understanding and appreciation and I can justify owning such a nice luxury. I have no need for a watch in this modern era, its nice I like the idea but if anything I'd rather own the watch my dad gave me before he passed away. The reason I wear no watch every day is because I frequently have to lift very heavy awkward objects, scrapping my arms or wrist against maybe brickwork or a rock wall which will break anything quickly; anything nice I own or wear gets wrecked or worn down. So the only watch I could wear would have to be indestructible I think even the best ones will scratch and break under blunt force. Unfortunately Im bit too rough to wear anything nice, just the way it is so it'd be kept in a box and never seen most of the time which is a waste mostly unless for investment hence my proviso.

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Quote from: AmoreJaz on December 26, 2023, 04:03:12 PM

you can't expect everyone to be interested on this market. my take on this is that, follow what you think is right for your hard-earned money. as long as you know what you are getting into, then, it is the risk you are willing to take. no one should feel obligated to invest on this market. should be on their own free will, because if it is your own choosing, you will have passion to learn more about the market that you will invested on.

I reckon. Because despite that we're on a bitcoin forum, most of us are gonna easily say that we'll choose Bitcoin over any other assets and forget about that luxury watch because we can eventually buy that when the price rises in the near future. But still, someone might be able to choose those watches, jewelries and other assets that they think is suitable for them. So that's it, it's all about the suitable assets and investments that are good for our liking. We like Bitcoin and we'd no brainer gonna choose it over any other choices and we have to understand someone will do the opposite.

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Why would I go for luxury watch? I do not even see anything that it offers that is interesting for me to decide investing in it. What if the watch spoils somehow? Grin

. Okay, on a more serious note, Bitcoin is a way better investment because you can easily trade it at any day and anytime. No one will start asking you what brand of Bitcoin it is, how much you got it, or any of those long protocols of selling a luxurious asset. Oh, and you have to secure it again too… remember it’s physical. Even if there was no Bitcoin, I can use the money for something else other than investing in a luxurious watch… it just sounds weird (maybe because I don’t have that money).

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Quote from: alastantiger on July 08, 2023, 07:31:05 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?

I prefer to invest in bitcoin than luxury watch because we see that bitcoin is growing, the luxury watch is because after a few months or years its value decreases, it depends. We can say that bitcoin is like gold, we know that the value of gold increases as time goes on, so others also invest in gold. As for me, a watch is just a watch, no matter how expensive it is, it's still a watch, we can sell it, but I don't think it's for the price we bought it for.

AmoreJaz

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Quote from: KiaKia on December 26, 2023, 12:36:12 PM

Lack of understanding is why people will choose anything over Bitcoin, some people believe that they are wasting money when you ask them to invest in Bitcoin, and they are educated people, I expect them to do their own research but they have this crazy mindset and they don't want to see anything else work except Fiat currency.

To them, if it's not from the government then it's bad for them also, in a world of government corruption it's a shame that people are not thinking for themselves, the government who can seize everything that belongs to anybody if they want, there must be something that can make you two steps in control over the government, this is what Bitcoin have done for me.

Bitcoin grows in value and this is also another reason why I will surely choose Bitcoin over anything else, with the knowledge I have about Bitcoin I believe that buying Bitcoin will enrich me further because I understand how Bitcoin works.

you can't expect everyone to be interested on this market. my take on this is that, follow what you think is right for your hard-earned money. as long as you know what you are getting into, then, it is the risk you are willing to take. no one should feel obligated to invest on this market. should be on their own free will, because if it is your own choosing, you will have passion to learn more about the market that you will invested on. learn the ropes on your own and find ways how to exhaust its potential to your advantage. because no one can truly help you on this journey but yourself alone.

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Quote from: hafiztalha on December 25, 2023, 06:10:22 AM

Quote from: inthelongrun on November 06, 2023, 01:30:06 AM

Some years ago I always thought of purchasing a branded watch worth a few thousand dollars. But my desire changed when I heard some doctors advising people to remove their watches in order for their blood to circulate freely in the wrist area. It's also my first time hearing that watches have small radiations too.

Nonetheless, watches are my last choice when it comes to investment. There are too many choices that I preferred first; bitcoin, altcoins, real estate, stocks, businesses, and jewelry. But for those who have lots of money, having a limited edition or cool branded watch is just part of diversifying its assets.

I would invest in Bitcoin if I have a lot of money . I would 5 percent of my wealth in Bitcoin that will help in long term because in long run it's price will go high. I would also invest 25 percent of my wealth in gold because gold is good assets that will help in crisis.Gold can't give high returns because it is not a cryptocurrency,then I will invest 25 percent of money in property that give a good fare to me. I would also invest 25 percent of my wealth in shops that are rented. I will take rent from tenants. Then the rest of 20 percent I would invest in business that I have knowledge of.I am a big fan of Bitcoin because no investment is like of Bitcoin,Bitcoin is unique and it is famous because of its success and no crypto can compete it.

Diversify as much as we could and this is something that would really be that important if we do speak about investment because we cant really just that make ourselves focus on a single point because we dont know on what would really happen into the things that we are investing in, on the time that damage has been done then other investments would really be able to patch up the damage on which it would really be just that normal that recovery could really be possible comparing into those individuals who are focusing on a single point or having that all in thing but ended up on getting wrecked when crash do happens.

Basing up on the selections neither a luxury watch or invest on bitcoin or other assets then it would be on someones choice. If you do have tons of sources then having some luxury items wont really be that bad
but if you are someone who are really just that an ordinary person who hadnt that much money but thriving out to buy something which is expensive then this kind of act is never been that advisable or something that would really be recommended. Its always better that you should really be thinking and mindful about investment thing rather than on making yourself that get caught one day on struggling about finances.

KiaKia

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Lack of understanding is why people will choose anything over Bitcoin, some people believe that they are wasting money when you ask them to invest in Bitcoin, and they are educated people, I expect them to do their own research but they have this crazy mindset and they don't want to see anything else work except Fiat currency.

To them, if it's not from the government then it's bad for them also, in a world of government corruption it's a shame that people are not thinking for themselves, the government who can seize everything that belongs to anybody if they want, there must be something that can make you two steps in control over the government, this is what Bitcoin have done for me.

Bitcoin grows in value and this is also another reason why I will surely choose Bitcoin over anything else, with the knowledge I have about Bitcoin I believe that buying Bitcoin will enrich me further because I understand how Bitcoin works.

NewRanger

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Quote from: hafiztalha on December 25, 2023, 06:10:22 AM

I would invest in Bitcoin if I have a lot of money . I would 5 percent of my wealth in Bitcoin that will help in long term because in long run it's price will go high. I would also invest 25 percent of my wealth in gold because gold is good assets that will help in crisis.Gold can't give high returns because it is not a cryptocurrency,then I will invest 25 percent of money in property that give a good fare to me. I would also invest 25 percent of my wealth in shops that are rented. I will take rent from tenants. Then the rest of 20 percent I would invest in business that I have knowledge of.I am a big fan of Bitcoin because no investment is like of Bitcoin,Bitcoin is unique and it is famous because of its success and no crypto can compete it.

Looking at current prices, most cryptocurrencies still have good prices, still in the low category and I think BTC is also still not above 50K. Now, I see you seem to be a big fan of BTC, the question is how can we make money here and that is the dream you have to make come true now so that you can achieve what you wrote above one by one. If your luck is easy, keep buying BTC and don't panic when you see the market if there is a correction, just think of it as a good opportunity to get a cheap price but in the long term this will give us good profits.

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Quote from: hafiztalha on December 25, 2023, 06:10:22 AM

I would invest in Bitcoin if I have a lot of money . I would 5 percent of my wealth in Bitcoin that will help in long term because in long run it's price will go high. I would also invest 25 percent of my wealth in gold because gold is good assets that will help in crisis.Gold can't give high returns because it is not a cryptocurrency,then I will invest 25 percent of money in property that give a good fare to me. I would also invest 25 percent of my wealth in shops that are rented. I will take rent from tenants. Then the rest of 20 percent I would invest in business that I have knowledge of.I am a big fan of Bitcoin because no investment is like of Bitcoin,Bitcoin is unique and it is famous because of its success and no crypto can compete it.

From the sorting of capital and the percentage of capital that you will place in several investments, your future already looks pretty good because of all the investments you said, it is indeed a pretty good choice for everyone without exception. Although each person may place a different percentage of their capital in each of these options because it all depends on their individual tastes and skills in managing them one by one or simultaneously at one time.

However, everyone also needs to realize that not everyone is able to place their funds like that in all of these investment options. Because there are also those who are not able to maintain them simultaneously at one time and there are also those who are still hampered by their respective abilities so that each investment option can only be carried out one by one at different times. However, from what you have said, it is actually quite good, although everyone will also make other considerations before choosing all these investment options.

hafiztalha

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Quote from: inthelongrun on November 06, 2023, 01:30:06 AM

Some years ago I always thought of purchasing a branded watch worth a few thousand dollars. But my desire changed when I heard some doctors advising people to remove their watches in order for their blood to circulate freely in the wrist area. It's also my first time hearing that watches have small radiations too.

Nonetheless, watches are my last choice when it comes to investment. There are too many choices that I preferred first; bitcoin, altcoins, real estate, stocks, businesses, and jewelry. But for those who have lots of money, having a limited edition or cool branded watch is just part of diversifying its assets.

I would invest in Bitcoin if I have a lot of money . I would 5 percent of my wealth in Bitcoin that will help in long term because in long run it's price will go high. I would also invest 25 percent of my wealth in gold because gold is good assets that will help in crisis.Gold can't give high returns because it is not a cryptocurrency,then I will invest 25 percent of money in property that give a good fare to me. I would also invest 25 percent of my wealth in shops that are rented. I will take rent from tenants. Then the rest of 20 percent I would invest in business that I have knowledge of.I am a big fan of Bitcoin because no investment is like of Bitcoin,Bitcoin is unique and it is famous because of its success and no crypto can compete it.

junder

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Quote from: inthelongrun on November 06, 2023, 01:30:06 AM

Some years ago I always thought of purchasing a branded watch worth a few thousand dollars. But my desire changed when I heard some doctors advising people to remove their watches in order for their blood to circulate freely in the wrist area. It's also my first time hearing that watches have small radiations too.

Nonetheless, watches are my last choice when it comes to investment. There are too many choices that I preferred first; bitcoin, altcoins, real estate, stocks, businesses, and jewelry. But for those who have lots of money, having a limited edition or cool branded watch is just part of diversifying its assets.

I think it's okay if it's a small radiation on the watch. Because it is common for everyone to wear a watch because it is one of the complements of appearance to look more presentable, but if you buy a watch that is high priced or expensive, in my opinion it is not mandatory because basically the function of the watch is only to show the time, many people prioritize style not function, but that's up to them if they can afford it, there is nothing wrong with that. But for myself, it's better to wear a standard watch because it only prioritizes function.

Even if I have a lot of money I prefer to save it and invest it in anything as long as it is clear with the rumors, one of them is with Bitcoin, I believe that investing in bitcoin will produce in the future because seen from previous years bitcoin has always increased. And there are already some people who have been successful because of bitcoin. So I myself if I have more money then I prefer bitcoin to luxury watches.

inthelongrun

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Some years ago I always thought of purchasing a branded watch worth a few thousand dollars. But my desire changed when I heard some doctors advising people to remove their watches in order for their blood to circulate freely in the wrist area. It's also my first time hearing that watches have small radiations too.

Nonetheless, watches are my last choice when it comes to investment. There are too many choices that I preferred first; bitcoin, altcoins, real estate, stocks, businesses, and jewelry. But for those who have lots of money, having a limited edition or cool branded watch is just part of diversifying its assets.

mamesso

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My choice fell on Bitcoin rather than choosing investment media that smells like luxury, such as limited edition watches or luxury watches that have a two-year production waiting list to be able to own them. I am not a knowledgeable person in investing in luxury watches, so I cannot speculate on luxury watches as a good and profitable investment.
Each type of investment is based on a speculative point of view. To determine whether something is a good investment, then the question arises will its value increase significantly over the investment period.

In general, Bitcoin and luxury watches offer investment opportunities, but the two cannot be compared. Personally, Bitcoin offers a fun way to invest some money that is ready to lose. I know, investing in Bitcoin involves significant risks due to its inherent volatility, but despite the perception of any risks inherent in Bitcoin, the fact is that Bitcoin continues to shine as it has gained widespread recognition and adoption.

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Quote from: Renampun on November 05, 2023, 04:44:07 PM

I'm actually quite surprised why people are interested in spending a lot of money on a watch that in fact is only worn on the hand, it's the same with women's bags (hermes brand or louis vuitton), some people make the price seem unreasonable.

Those people who are into these collections and investments are probably also the same thing as us. , how could these people invest in Bitcoin which is just an intangible thing, and internet money? The price seems to be unreasonable and expensive and it's an unseen thing that they only see the projection of its value through numbers and can never touch it. Until the explanation goes on why we're on it and the same goes for the explanation for them.

Bitcoin has a market, while these luxury genuine watches and bags have also their respective markets.

Quote from: Casdinyard on November 05, 2023, 12:45:51 PM

I think we should stop comparing apples to oranges here, if given the chance I know most of us will take both options knowing that these two could bring you money. Why choose one when you can have both?

Exactly. If I am definitely able to get into both worlds of these two, why not? although I am currently in one so it's the luxury watches that could be my next target.

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Quote from: alastantiger on July 08, 2023, 07:31:05 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?

I'm actually quite surprised why people are interested in spending a lot of money on a watch that in fact is only worn on the hand, it's the same with women's bags (hermes brand or louis vuitton), some people make the price seem unreasonable.

While I have no desire for expensive items, I just want to invest in Bitcoin - gold and property. I often fantasize that if I had bitcoin at the current price, when the price of 1 bitcoin = $100k then the value of the money I have would increase 3 times and that would be very profitable for me. However, for gold, the price tends to be stable, while property is an investment asset that is not easy to sell, only Bitcoin is the best and has very high interest compared to gold and property.

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Quote from: uchegod-21 on November 05, 2023, 10:38:55 AM

Quote from: Fivestar4everMVP on November 05, 2023, 07:08:48 AM

Why on earth will I chose a luxury watch over bitcoin, actually though, this is the first time I am learning that luxury watches appreciate in value, have never heard about this before, but then, no matter how this watches tend to appreciate in value, I will never choose any of them over bitcoin, and this is because just as you (the op) have said, interest in such items may diminish over time which may as well affect their value in a negative way deeply, due to lack of interested buyers and great number of sellers.

So no matter how good a return on investment luxury watches promise, I will never choose them over bitcoin, and beside, I will never buy a luxury watch and consider it as investment, if I am ever buying one or more, I am buying them for my personal use, and not as an investment, if I want to invest my money, I will invest in the right assets like bitcoin, shares, real estate and so on, luxury watches are no assets to me, they liabilities as far as I know.

I have always thought possession or ownership of luxurious commodities are just for showoff to indicate the owner is of high class. Never knew these things appreciate and some people even see them as assets. But notwithstanding, I would rather invest in a tangible project than buy a luxurious watch.

With the way technology is advancing, how sure are we that the luxury watch will still be of class in few years to come? I will only consider the luxury watch if I have enough investments and the returns from these investments can afford me a luxurious lifestyle.

Everyone can do what they think is best for them but as for me, investment first before luxury. I do not have to stay broke after spending on a luxurious watch.

Showing off even if you arent really that totally rich is something a very common type of behavior on us human beings. We do really love on trying to show that we are on trend, we are on having such class,
we are something that has some standing and popularity and recognition via purchasing out into those things which are really that a normal human being behavior but we know that there are ones who
are really that good when it comes to self control and discipline or something that do talks about financial management which we know that not all would really be having this kind of mindset
but rather they are really that focusing on trying out to impress other people and this is the reason that they are really that a fan on buying things.

On the time that you do see that you dont have emergency funds on the time that you do have financial struggle then this is where self realizations do happen.
Regret do always come at the end and not from the start. This is why it would really be that always best that you should really be that mindful on whatever actions that you would
be making so that you wont really be ending up into this kind of scenario on which you are really that struggling with your finances.

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Both are good investments in my opinion. Luxury watches aren't your typical expensive buy my guy, when you take good care of these you're literally looking at 300k profit by the lowest, also depending on the brand of the watch you're buying. It's also worth noting that these are tangible, you can wear as a statement piece, or you can just keep where you could see it to be a conversation starter. Bitcoin on the other hand, isn't so bad of an investment purchase either, just cause it's not tangible or it's volatile lol.

I think we should stop comparing apples to oranges here, if given the chance I know most of us will take both options knowing that these two could bring you money. Why choose one when you can have both?

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I want to do both but not like most others. What people do is when they have some extra money in their hand they go to the market and buy expensive things which brings more liability with them. Most people don't know the difference between assets and liabilities which is the biggest reason they can not progress financially and end up in debt. The right approach is to make investments in assets and the profit that assets generate can be used to buy expensive things if you want to. I think if someone understands that it is more fun to make wealth than to have an expensive watch or car then he won't have those expensive liabilities anymore.

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