Topic: Would you prefer to own a luxury watch or invest in bitcoin or other assets? - page 7. (Read 1461 times)
July 15, 2023, 04:50:26 AM
I will prefer to invest in crypto than owning a luxury watch,it is because luxury watch is always a luxury watch but crypto is very surprising we can buy a lot of luxury watch if our investment become successful someday and we can earn a big profit.crypto has a lot of surprises and it really give profit to those who have Faith and trust on it.
July 14, 2023, 04:21:10 PM
It varies if that particular watch have a value continuously getting expensive due to be a limited edition, and other features of it becomes rare in the market there's a chance this item could be valuable in the future it takes time to differentiate but with the crypto currency the market is volatile so you can ride on it make be you lose or take profit but at the end it's just an unrealized loss or profit not until you sell your asset. Crypto will become it is what it is. If you have a one bitcoin still you have a one bitcoin.
July 14, 2023, 02:29:09 PM
One luxury watch is enough for me, not to see it as an investment but just my personal thing so that I can use it whenever there’s a necessity. I would still go for bitcoin investment seeing a lot of lives have been changed by bitcoin, and so I’ve been also motivated by that. And IMHO, it’s hard to spend a lot when the returns are hard to achieved and they’re not impressive enough, unlike investing in bitcoin, you could just spend buying a portion of it and hold it for long, and when bull run takes place, you will earn a lot of profits even 5x or 10x from your capital depending on how long you prefer to hold your investment before you decide to sell it.
July 14, 2023, 08:50:46 AM
The main idea on here is that, why would really be needing to choose if you can have both? Well, this would only pertain into those people who are financially capable and we know that not all would really be having the funds or money on doing both things and this is why they would really be ending up on needing to choose one.In my case then i would definitely be choosing Bitcoin. Yes, having those collectible items could really be having that appreciating value and not something that would decrease but the level when it comes to potential profits is totally different if we do compare both things.
As I said before and the opportunity to have both does depend on a person's financial ability and if they have abundant finances it is certain that choosing both is a good step. When this is connected with those of us who don't have large finances, it is certain that bitcoin is far more potential to be chosen because indeed to buy a collection like that requires a lot of money. Moreover, talking about the advantages that are certain, we will consider those that are more productive and faster as their utilization.If you would really be liking on having that
volatility then Bitcoin would be the choice but if you do want on having that something on safer and lesser risks then stick to collectibles but as i said earlier that if you are really that minding about profits
then both things would be that recommended.
Both have the risk of both volatility and loss of interest in these collectibles, but when it comes to investing, sometimes there are things that need to be considered, both regarding the power to generate profits and the timeframe. For that bitcoin is far more reliable than collectibles which are rare and difficult to buy, if both can be invested together then choosing both is also better, therefore depending on the readiness of the money in possession. volatility then Bitcoin would be the choice but if you do want on having that something on safer and lesser risks then stick to collectibles but as i said earlier that if you are really that minding about profits
then both things would be that recommended.
July 14, 2023, 07:43:12 AM
I’ll go straight investing with bitcoin. The profits are more stable and promising, unlike investing into luxury watches or even bags, you will only spend a lot of money but you can never expect good amount of returns. It’s a good thing if you actually do it for passion and collection, but if it’s for a business, I don’t think it will work.
While I am not versed with these luxury watches and bags market, I think that it's the same opinion with someone who's good in there but not with the crypto market. But I'd do the same because you do you, and wherever we're good at. Then, that's going to be the place where we're going to invest our money confidently.
Both of those luxury markets and the Bitcoin market requires patience, so they've got the same in common and that's like HODLING in us.
July 14, 2023, 07:33:31 AM
You ask this question on a bitcoin forum so expect the answer of people would provably invest on bitcoin since they already its potential and also how they can multiply money for its different investment methods. Having luxury watch is just a status symbol and not necessarily needed so most provably I will erase the thoughts of having this that's why I go with bitcoin since this could give us more better returns.
I would not be too burdensome to choose one of these, because Bitcoin is definitely a place where most people invest to earn some profits. But I think buying or collecting luxury watches isn't too bad either and doesn't mean they're wasting money just for luxury, because many of them also become collectors of luxury items like watches to get a profit. They know they don't really need it but they are only doing it for the sake of business. This is according to my view that specializes in those who take advantage of business opportunities in luxury. 
July 14, 2023, 07:13:13 AM
If we buy a luxury watch for $ 1 million now and 3 years later we need money then if we sell it maybe it can drop to $ 50k or less, but if we buy bitcoin worth $ 1 million now then it can have a chance to be $ 10 million in 3 years.
That's one thing with commodities you can not always sell it at the exact price you bought it the only thing that can help you is when the demand is high but it's going to be hard since the innovation does not stop there, they will keep bringing out new designs and looking at cars to hey keep improving on it, and investing in bitcoin is not a bad idea but you have to consider the risk behind it and it's not stable and investing that amount of money and making it a two-way thing is either you lose or gain profit. and it's not an investment you get quick money from the question now can you HOLD?
Only certain people can have it as a collection that they consider as a hobby but also make money if in the next few years.
Will the brand names of luxury watches with million dollar prices drop by 90%? I don't think so, the company will maintain the value of expensive watches, I haven't seen luxury watches drop drastically unless they are counterfeits.
Actually we don't know how the schemes develop in their watch business if they are already experts and professionals in this field of course some will choose as luxury watch collectors.
Since we only know about bitcoin investment, we will fully believe in this asset while others will be considered less profitable.
The brand will maintain its name and characteristics of producing expensive products, even at the value will continue to drop over the years and the company will keep enriching itself, something is sure you can not sell does wates for the exact price and where I have to disagree with the other writer his about investing all that amount of money in bitcoin, is better he consider other investments too.Will the brand names of luxury watches with million dollar prices drop by 90%? I don't think so, the company will maintain the value of expensive watches, I haven't seen luxury watches drop drastically unless they are counterfeits.
Actually we don't know how the schemes develop in their watch business if they are already experts and professionals in this field of course some will choose as luxury watch collectors.
Since we only know about bitcoin investment, we will fully believe in this asset while others will be considered less profitable.
July 14, 2023, 05:14:45 AM
You ask this question on a bitcoin forum so expect the answer of people would provably invest on bitcoin since they already its potential and also how they can multiply money for its different investment methods. Having luxury watch is just a status symbol and not necessarily needed so most provably I will erase the thoughts of having this that's why I go with bitcoin since this could give us more better returns.
July 14, 2023, 03:55:16 AM
I would obviously prefer to invest in Bitcoin rather than having luxury watch. Luxury watches are pretty hard to convert into liquid assets in my own country. There is not huge demand on them. But I need to agree that luxury watches are very valuable, and even lot more expensive than 1 Bitcoin's price. But as I said, Bitcoin is very easy to sell if you wanna convert to cash or other things. Watches are physical real stuff so expensive watches will be always hard to sell directly.
July 14, 2023, 01:09:59 AM
Imagine you bought a luxury watch worth $1 million and Bitcoin worth $1 million today. At the end of 3 years, let the clock be valued as 150% and Bitcoin be valued as 180%. Let's assume that you need money and want to meet this need with one of these two investments. Switching to cash by selling Bitcoin will be much easier than selling luxury watches because of the demand. In the case of the opposite scenario, it will be easier to sell Bitcoin, even if both investments have lost value.
Also, dont forget that there arent much people who are ready to buy that watch for $1 million. A person must be ready to spend a million at once. While with Bitcoin, if you deposit that $1 million worth BTC to exchange, lots of people will be ready to buy different parts of your deposit. There not have to be one single person who would buy your whole deposit. I also believe, that watch value in 3 years wont grow for 150%. For watch price to grow, it has to be really unique and there must be low supply of such watches on the market. From manufacturer point of view, if their watches sales are good, they would continue producing them. Which means it is hard for watch to be really exclusive in short period of time.
July 13, 2023, 05:47:08 PM
I can also relate to your friend but on my part it’s not luxury watches but luxury bags that are very self-fulfilling to use. I have no doubts with that. However, when you decide to sell it for profits, I guess that’s the hardest part. No one would buy at a much higher price but instead they will look for a bargain price, thus making the seller selling at a loss. The reason why I prioritize bitcoin investment more than buying any luxury items. At least when I decide to sell, I will never settle for a low price but with higher price instead. That way, you buy at a low price and sell on its higher price, that’s how profits are gained.
Right I mean buying luxurious watch or a limited edition car is great but when we try to sell it would be a hard part? Tho I know some news that buying watches can really be a profitable business but I think the market is pretty much not liquidated like other asset.
Maybe who buy luxurious thins would be people who really like the brand for hooby or just collection for another rich people
July 13, 2023, 03:07:35 PM
I would choose Bitcoin every single time.
Luxury items can depreciate just like any other material things and will never increase its worth again because of its demand since new models could be release in no time. Unlike in Bitcoin, it could pump so high and dump so low at the same time but at least you know that it's gonna pump again and you're waiting for something in return
Talking about the hobby of collecting branded luxury items, they also have good market value, the items mentioned by OP have good bargaining value in the future because people perceive them as collection materials which will be valuable in the long term. Products like that are usually not made much and the quantity is quite limited, so many rich people are competing to buy. But when it comes to the accuracy and productivity of money, I also agree that investing in bitcoin is much more precise and can generate maximum profits.Luxury items can depreciate just like any other material things and will never increase its worth again because of its demand since new models could be release in no time. Unlike in Bitcoin, it could pump so high and dump so low at the same time but at least you know that it's gonna pump again and you're waiting for something in return
The choice as mentioned by the OP depends on whom? If a billionaire who has abundant wealth they will also hunt for rare collections and also have targets in investments everywhere. If such a choice were faced by a group of people like us then I'm sure everyone would choose bitcoin because buying these goods is also not cheap and does not generate profits in no time.
volatility then Bitcoin would be the choice but if you do want on having that something on safer and lesser risks then stick to collectibles but as i said earlier that if you are really that minding about profits
then both things would be that recommended.
July 13, 2023, 02:15:02 PM
I’ll go straight investing with bitcoin. The profits are more stable and promising, unlike investing into luxury watches or even bags, you will only spend a lot of money but you can never expect good amount of returns. It’s a good thing if you actually do it for passion and collection, but if it’s for a business, I don’t think it will work.
July 13, 2023, 02:13:11 PM
If we want to be more practical, then bitcoin investment is a perfect choice. It’s not that I’m against with luxury watches but I just don’t see it clearly how to make profits with it when you buy it a high price and then sell at a lower price. One thing that is a total opposite for bitcoin. At least with bitcoin, you can buy at a very small portion and when it’s price doubled or tripled, you can instantly sell for profits.
July 13, 2023, 12:51:34 PM
I would choose Bitcoin every single time.
Luxury items can depreciate just like any other material things and will never increase its worth again because of its demand since new models could be release in no time. Unlike in Bitcoin, it could pump so high and dump so low at the same time but at least you know that it's gonna pump again and you're waiting for something in return
Talking about the hobby of collecting branded luxury items, they also have good market value, the items mentioned by OP have good bargaining value in the future because people perceive them as collection materials which will be valuable in the long term. Products like that are usually not made much and the quantity is quite limited, so many rich people are competing to buy. But when it comes to the accuracy and productivity of money, I also agree that investing in bitcoin is much more precise and can generate maximum profits.Luxury items can depreciate just like any other material things and will never increase its worth again because of its demand since new models could be release in no time. Unlike in Bitcoin, it could pump so high and dump so low at the same time but at least you know that it's gonna pump again and you're waiting for something in return
The choice as mentioned by the OP depends on whom? If a billionaire who has abundant wealth they will also hunt for rare collections and also have targets in investments everywhere. If such a choice were faced by a group of people like us then I'm sure everyone would choose bitcoin because buying these goods is also not cheap and does not generate profits in no time.
July 13, 2023, 10:02:57 AM
If we buy a luxury watch for $ 1 million now and 3 years later we need money then if we sell it maybe it can drop to $ 50k or less, but if we buy bitcoin worth $ 1 million now then it can have a chance to be $ 10 million in 3 years.
It is not really a good thing to make a comparison in this way because every product or investment asset is susceptible to gain or lose value. Of course, the watch cannot be considered as an investment tool in general but due to the high demand for luxury watches and the increasing value of these watches over time we can consider luxury watches as an investment tool.
I would like to add something for the scenario you mentioned;
Imagine you bought a luxury watch worth $1 million and Bitcoin worth $1 million today. At the end of 3 years, let the clock be valued as 150% and Bitcoin be valued as 180%. Let's assume that you need money and want to meet this need with one of these two investments. Switching to cash by selling Bitcoin will be much easier than selling luxury watches because of the demand. In the case of the opposite scenario, it will be easier to sell Bitcoin, even if both investments have lost value.
In summary, every investment carries a risk and has a potential for gain depending on this risk. The important thing is to choose the right investment as well as to realize the investment that can be traded or turned into cash as quickly as possible.
July 13, 2023, 07:25:42 AM
If we buy a luxury watch for $ 1 million now and 3 years later we need money then if we sell it maybe it can drop to $ 50k or less, but if we buy bitcoin worth $ 1 million now then it can have a chance to be $ 10 million in 3 years.
Only certain people can have it as a collection that they consider as a hobby but also make money if in the next few years.Will the brand names of luxury watches with million dollar prices drop by 90%? I don't think so, the company will maintain the value of expensive watches, I haven't seen luxury watches drop drastically unless they are counterfeits.
Actually we don't know how the schemes develop in their watch business if they are already experts and professionals in this field of course some will choose as luxury watch collectors.
Since we only know about bitcoin investment, we will fully believe in this asset while others will be considered less profitable.
July 13, 2023, 09:30:51 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?
It is a no-brainer, with the performance of the Bitcoin market, I would rather have Bitcoin since it can give me way more profit than owning luxury watches and reselling them. Another thing is that Bitcoin often needs no maintenance as long as we secure it, unlike tangible things that need some maintenance and are susceptible to damage and deterioration which make them less in terms of valuation and may become worthless if the owner failed to take care of those luxury tangible things.So I personally don't think that something luxurious can provide you more profit in the long run than Bitcoin because Bitcoin isn't something that exists physically that gets old or depreciates over time but an item no matter how good will surely have some changes after a few years.
July 13, 2023, 08:21:33 AM
If we buy a luxury watch for $ 1 million now and 3 years later we need money then if we sell it maybe it can drop to $ 50k or less, but if we buy bitcoin worth $ 1 million now then it can have a chance to be $ 10 million in 3 years.
July 13, 2023, 07:26:38 AM
If I had enough money I would love to have a luxury watch collection but I would never prefer it over Bitcoin. Rich people mainly collect watches as a hobby and not necessarily as an investment that will generate them significant returns. A luxury item is not something that is really a necessity for anyone but there will always be a need for censorship resitant, decentralized money. Bitcoin being more accessible and having greater utility make it the better investment option.
Owning a luxury watch collection is certainly a pretty cool thing. The reason why many rich people do this is both because it is a hobby and because watches with collectible value become more valuable as time goes by. On the other hand, the fact that luxury watches are used for money laundering actually provides a very good advantage for many people who have serious wealth. These people can transfer their wealth from one country to another through luxury watches without any hindrance. In addition, the biggest advantage of luxury watches is that they are among the assets that cannot be seized in case of any lien. Of course, I don't know if this is a valid law in all countries but in many countries wearable accessories such as watches cannot be sequestered, so luxury watches help protect the existing wealth in case of a possible lien.
However, luxury watches have a lower market share to be able to buy and sell for their price and it is quite difficult to trade such products or sell them with high profit margins especially in poor countries.
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