Would you prefer to own a luxury watch or invest in bitcoin or other assets? - page 4.

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

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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 for many men are proof that they are very classy. In fact, i also really like luxury watches, but if i compare it to investing in Bitcoin or gold, i will put that aside, because i know that luxury watches are only of interest to a few people, while Bitcoin and gold has the potential for its value to continue to increase for decades to come, well bitcoin is the best investment asset at the moment in my opinion, luxury watches and luxury cars are just a liability for me, not an investment.

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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.

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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.

Well, a luxury watch is also considered a good investment if you know what to look for in terms of quality and design. Aside from that, it appreciates depends on the material, rarity due to limited numbers being created, or a certain collector offering a big amount over it. The same with Bitcoin, it was also considered a good investment if you know more about the technology, its use/function, etc.

But yes, you may consider Bitcoin as the only good investment over a luxury watch as we know more about it. Better to invest in what we know than to invest only because we know its price does appreciate.

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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.

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Quote from: Biznesmen on November 05, 2023, 12:56:28 AM

In my opinion, everyone has their own investment area and strategy; nothing is less than others unless we have a profit and people are satisfied with that. Everything has its value because people think it has value; it becomes less expensive when people think otherwise.

You are right that every one has his own strategy but I don't know about the investment area what is your aim. If I talk about my area, most people in my area prefer investment in gold and real estate. In my area very few people know about Bitcoin while no one knows about expensive watches. So people in my area will never invest in expensive watches.

I would slightly disagree with you that nothing is inferior to others. Each thing has its own value but it can never be equal to another thing. Bitcoin, gold, real estate, stock exchange all have their value in their place but they can never equal each other. Some have more profit, some have less chance of profit, some have less risk of loss, some have more risk of loss. In some investments you may get good returns quickly while in others you may have to wait. Therefore, every investment has its advantages and disadvantages which can never be equal in all.

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Quote from: Nwada001 on July 08, 2023, 08:24:54 AM

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

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

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.

Don't you think your entire opinion about luxury watches is applicable to Bitcoin as well? The hype and the brand name it holds lead to the high price. Bitcoin is a brand, the first crypto currency, and don't tell me about the hype. When competitors take over the brand, it's the end of the product. No one can be 100 percent sure about Bitcoin as well. And tell me about the risk we put into the market. Before you point out the negatives of other investments, you should think about your own first.
In my opinion, everyone has their own investment area and strategy; nothing is less than others unless we have a profit and people are satisfied with that. Everything has its value because people think it has value; it becomes less expensive when people think otherwise.

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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?

Hi end $25000 watches have done okay over time.

My choice would not be a watch or 2 or 3..

Since I do know shit from shinola I would not mind buying a nice shinola watch to wear maybe a $500-1000 range model.

As for investment in no particular order bonds,gold,silver,platinum,palidium,real estate ,bitcoin ,LTC and Doge.
A mixed bag 💼 works for me.
Would make up my portfolio

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Quote from: dothebeats on October 14, 2023, 03:55:18 AM

I agree with you. Just because it has the word luxury in it doesn't mean it wouldn't hold future value. In fact, most of the rich people I am acquainted with invests in a lot of luxury goods that they know will have a good value after a few years as not only will they be able to use them but one day sell them for a higher price and make profits.

Some rich people will invest in luxury goods and they also use them to increase their self-confidence to be fashionable and stylish, but you need to know that investing in luxury goods is not a guarantee of getting high profits if we don't maintain the goods and don't repair our watches if we use them too carelessly.

The level of profit from investing in luxury goods varies greatly depending on the type of goods, limitations, demand and quality of the goods. So we have to join the collector group because they are market players who can increase the price of investing in luxury goods

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Quote from: Zaguru12 on July 08, 2023, 08:32:11 AM

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

I completely agree with your choice to invest in Bitcoin instead of buying a luxury watch. My experience with Bitcoin since 2017, allowed me to grasp its distinctive qualities that make it unique asset. Bitcoin is not only store of value but also hedge against inflation due to its limited supply. It can truly transform the financial fortune of those who continuously accumulate Bitcoin in bear market and have strong faith in its potential of remarkable growth in the long term.

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Quote from: RockBell on October 13, 2023, 11:35:18 PM

Quote from: armanda90 on July 20, 2023, 01:38:15 AM

I'm the type who doesn't really like luxury goods, including luxury watches, preferring to invest assets in Bitcoin rather than collecting luxury watches in large quantities. However depending on each individual, let alone talking with a collection of luxury watches being part of a hobby it may be difficult to recommend Bitcoin as the most profitable investment. Personally, its not mistake collected with luxury watch but depend with our financial have been freedom or not, if not its seems bad ideas when spent our money for something not really important than used as investment capital and investing in Bitcoin for earning profit later as our investment assets in the future.

Depend on luxury watch have dropped values later than Bitcoin as our investment assets, but we can't compare with the other when priority have luxury watch than investing in Bitcoin.

The perception of people are different and most people that buy luxury watches and goods most of them don't really just were it for fashion sake but for status and recognition and at the end of the day they still get to sell that watch for a very good amount or even rent it out just like people that have luxury cars don't drive them but allow people rent it out its another way of making good money. Recommending Bitcoin is good but what i understand when you want to enjoy Bitcoin you have to have other investments to actually take your attention away from Bitcoin, but putting all your eggs in one basket is not really a advisable.

Bitcoin is future money, therefore if you want to invest in it but don't have any other businesses, assets, or sources of income other your employment, you'll likely end up selling the Bitcoin because you were just interested in it. It will be difficult to picture a luxury watch losing value if it has diamonds or even gold in it.

I agree with you. Just because it has the word luxury in it doesn't mean it wouldn't hold future value. In fact, most of the rich people I am acquainted with invests in a lot of luxury goods that they know will have a good value after a few years as not only will they be able to use them but one day sell them for a higher price and make profits.

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Quote from: armanda90 on July 20, 2023, 01:38:15 AM

I'm the type who doesn't really like luxury goods, including luxury watches, preferring to invest assets in Bitcoin rather than collecting luxury watches in large quantities. However depending on each individual, let alone talking with a collection of luxury watches being part of a hobby it may be difficult to recommend Bitcoin as the most profitable investment. Personally, its not mistake collected with luxury watch but depend with our financial have been freedom or not, if not its seems bad ideas when spent our money for something not really important than used as investment capital and investing in Bitcoin for earning profit later as our investment assets in the future.

Depend on luxury watch have dropped values later than Bitcoin as our investment assets, but we can't compare with the other when priority have luxury watch than investing in Bitcoin.

The perception of people are different and most people that buy luxury watches and goods most of them don't really just were it for fashion sake but for status and recognition and at the end of the day they still get to sell that watch for a very good amount or even rent it out just like people that have luxury cars don't drive them but allow people rent it out its another way of making good money. Recommending Bitcoin is good but what i understand when you want to enjoy Bitcoin you have to have other investments to actually take your attention away from Bitcoin, but putting all your eggs in one basket is not really a advisable.

Bitcoin is future money, therefore if you want to invest in it but don't have any other businesses, assets, or sources of income other your employment, you'll likely end up selling the Bitcoin because you were just interested in it. It will be difficult to picture a luxury watch losing value if it has diamonds or even gold in it.

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Quote from: Aanuoluwatofunmi on July 24, 2023, 03:11:15 AM

Quote from: CryptoHeadlineNews on July 23, 2023, 04:27:24 AM

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

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

The need for land can never diminish, and same as the need for real estate, bitcoin and gold, which I'm sure in most cases those expensive watches are always made of pure gold. But personally, i'm no celebrity, a public figure, a social media influencer, politician, or even billionaire businessman, that should care about trying to show up with a luxury wristwatch or anything luxury when these assets such as real estate, landed properties and Bitcoin whose value likely to triple or go 5x still exist. Because luxury is meant for wealthy individuals, of which if I'm to choose between a luxury watch and Bitcoin, I will go for Bitcoin as a lover of digital currency and for security reason, as watch can be stolen, but land and real estate can never be stolen

You're right, why should i made a choice of what has the least security means of getting it safe from been stolen, how am i going to be sure that the watch am going for is not fake in disguise for gold, no one can fake bitcoin, it can be prevented from third party or being stolen, it's more profitable, getting it requires no KYC because bitcoin is decentralized and uses a p2p network, one can also easily lost a wrist watch at anytime and the whole item is gone for good and can not be recovered.

I believe what you opt for is the right choice for people like us, but we should still not generalize things as the status of the person in question matters. And to me, the discussion in a contest might still not be so detailed as there is individuality in all that we do and we can't absolutely define individuality without their status and reasons for their actions genuine or not. What am I saying? Choices will never be the same and we can't crucify anyone for it. For me, I will go by your choice, but some would do otherwise since they might even have another alternative to Bitcoin for investment and earnings and might not need Bitcoin as a choice. While some other people use luxury items for reasons, it might be for marketing or influence and it has their benefits in some other climes. So, everything isn't about Bitcoin, some people invest indirectly or connect to their society and relevance for business through luxury lifestyles.

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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'd prefer to stick with investing in Bitcoin with the current expectations about the coming halving everyone would like to have a taste of it. Going for the luxury watches is like using your money to get things that you can use just to show off, no matter how expensive and how you can resell it I still can't go for that if it were me.
Instead of me going for those watches I rather spend those cash on purchasing Bitcoin, let it be in my trust wallet wait for it till it will get me the profit I want. Bitcoin investment and real estate is more profitable to me than those other ones listed there.

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Quote from: dothebeats on July 24, 2023, 02:16:17 AM

Quote from: Captain Corporate on 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.

I'm the same. I'm not someone who understands the trend of buying luxury clothes and accessories which will most likely will either lose it's value after a few years or will not be as popular as it is now. I would rather buy cheap but decent clothes and accessories while investing into bitcoin where I know I'll be earning.

I believe the reason is related to the pure and wealthy materials used to craft such luxurious goods, plus the handmade job executed by the artisan. By acquiring legit goods of that kind I think you can do a great investment, however it's not that easy, because it requires skills to identify what is legit from copies, which are also pretty common on this industry. There are lots of impersonators earning money scamming investors.

For that reason, I belive it's preferable to invest in BTC, because even a layman can spot the legitimacy of the investment without any difficult, therefore it's likely to have less chances of being scammed when investing in BTC than when investing in luxury goods.

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Quote from: dothebeats on July 24, 2023, 02:16:17 AM

Quote from: Captain Corporate on 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.

I'm the same. I'm not someone who understands the trend of buying luxury clothes and accessories which will most likely will either lose it's value after a few years or will not be as popular as it is now. I would rather buy cheap but decent clothes and accessories while investing into bitcoin where I know I'll be earning.

I don't have any luxurious items either, and even a single watch I don't have. My clothes will last me 3–5 years or more, and I rarely buy one, but comparing it to investing in a luxurious watch is very different because it is not something I want; this would be like gold in that it increases in price over time. I am not an expert on watches, but a lot of people are buying and selling them, and I mean rich people who want rare watches that they will pay no matter what the original price.

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Quote from: CryptoHeadlineNews on July 23, 2023, 04:27:24 AM

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

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

The need for land can never diminish, and same as the need for real estate, bitcoin and gold, which I'm sure in most cases those expensive watches are always made of pure gold. But personally, i'm no celebrity, a public figure, a social media influencer, politician, or even billionaire businessman, that should care about trying to show up with a luxury wristwatch or anything luxury when these assets such as real estate, landed properties and Bitcoin whose value likely to triple or go 5x still exist. Because luxury is meant for wealthy individuals, of which if I'm to choose between a luxury watch and Bitcoin, I will go for Bitcoin as a lover of digital currency and for security reason, as watch can be stolen, but land and real estate can never be stolen

You're right, why should i made a choice of what has the least security means of getting it safe from been stolen, how am i going to be sure that the watch am going for is not fake in disguise for gold, no one can fake bitcoin, it can be prevented from third party or being stolen, it's more profitable, getting it requires no KYC because bitcoin is decentralized and uses a p2p network, one can also easily lost a wrist watch at anytime and the whole item is gone for good and can not be recovered.

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Quote from: Captain Corporate on 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.

I'm the same. I'm not someone who understands the trend of buying luxury clothes and accessories which will most likely will either lose it's value after a few years or will not be as popular as it is now. I would rather buy cheap but decent clothes and accessories while investing into bitcoin where I know I'll be earning.

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

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

The need for land can never diminish, and same as the need for real estate, bitcoin and gold, which I'm sure in most cases those expensive watches are always made of pure gold. But personally, i'm no celebrity, a public figure, a social media influencer, politician, or even billionaire businessman, that should care about trying to show up with a luxury wristwatch or anything luxury when these assets such as real estate, landed properties and Bitcoin whose value likely to triple or go 5x still exist. Because luxury is meant for wealthy individuals, of which if I'm to choose between a luxury watch and Bitcoin, I will go for Bitcoin as a lover of digital currency and for security reason, as watch can be stolen, but land and real estate can never be stolen

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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?

maybe the answer you will get is different for everyone! in my country only those who are really rich can have watches worth thousands or even tens of thousands of dollars. I don't really like luxury watches that cost thousands of dollars so my answer to this question is I will not invest in luxury watches, it is much better to invest in bitcoin or gold.

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Until now I have no plans to buy luxury watches, of course, because I don't have money to buy luxury watches, anyone of course wants to have a luxury watch, unfortunately many people are too ambitious to owe to buy luxury things, it's better to invest bitcoin because we don't know what will happen in the future.

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