Preparing for a recession... Gold or Bitcoin?

[cryptomarketyourself]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

[1715504976]

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[bitmover]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.

[luigivessota]

I disagree - the next one might just kill the USD. And gold will be the only thing to save you.

[NeuroticFish]

I also think that the best option is both. If you have enough funds other things like properties could be also a good addition. The idea is to diversify as much as possible with low risk.

[marketingnerd]

It all comes down to what extent is the recession going to affect the economy. If the USD dies and internet goes away.... How's bitcoin going to help you?

[gentlemand]

I think in a recession Bitcoin will be a genuinely hopeless 'safe harbour'.

Most people will run for the exits faster than their little feet can carry them. Of course the true believers won't but they're rather heavily outnumbered.

But I doubt we've seen an end to the financial tricks played to keep the plates spinning. If Bitcoin keeps going for a few more years of relative peace its perception may change and be in a stronger position when it happens.

As for USD dying, we've only been hearing that for the last 4-5 decades yet there it still is.

[cryptomarketyourself]

I think in a recession Bitcoin will be a genuinely hopeless 'safe harbour'.

Most people will run for the exits faster than their little feet can carry them. Of course the true believers won't but they're rather heavily outnumbered.

But I doubt we've seen an end to the financial tricks played to keep the plates spinning. If Bitcoin keeps going for a few more years of relative peace its perception may change and be in a stronger position when it happens.

As for USD dying, we've only been hearing that for the last 4-5 decades yet there it still is.

You don't think the massive debt burden will make the USD bubble pop eventually?

[bobsav2121]

Dude - ignore recessions. These are cycles. If the USD were to die neither bitcoin nor gold will help you. Gt water and antibiotics instead.

[timcook]

BITCOIN. Always bitcoin. Ignore the illuminati who think that gold is useful because dentist use it.

[gentlemand]

You don't think the massive debt burden will make the USD bubble pop eventually?

I have no idea what'll happen. I do know that those running the show will do anything to keep it trucking - https://en.wikipedia.org/wiki/Trillion-dollar_coin

People have been preaching toast since the 1970s. Still hasn't happened yet.

[Eclipse26]

Even how much we discuss usd dying, I still think it's far from happening right now so I don't worry about that much. But preparing for a recession, it would be good to choose both gold and bitcoin. Well, gold is much stable than bitcoin, it's safer to hold since it doesn't lose its value. While with bitcoin, it's volatility can be an advantage. During a recession, fiat ain't doing good and most will probably look for an alternative which will give way to cryptocuurency. Its demand will increase, and as well increase its value.

[slackovic]

I think the best answer is like with all investments - don't put all your eggs in one basket. That being said, I would probably choose to invest 40% of my portfolio into Bitcoin and 60% into gold. I don't know if that's the right call, but I'm not that optimistic about the stability of Bitcoin price if we face another recession like the one 11 years ago.

[DannyHamilton]

I don't want to open up another gold vs bitcoin thread.

Then don't.

Lock this thread.

Go post your link and thoughts in one of the thousands of other Gold vs Bitcoin threads that already exist.

If you don't want to open up another gold vs bitcoin, then why did you?

[cryptomarketyourself]

I don't want to open up another gold vs bitcoin thread.

Then don't.

Lock this thread.

Go post your link and thoughts in one of the thousands of other Gold vs Bitcoin threads that already exist.

If you don't want to open up another gold vs bitcoin, then why did you?

Because this is NOT just another gold vs bitcoin, boss. I'm approaching the subject from a new perspective.

Smile son - the world is beautiful.

[Lucius]

Because this is NOT just another gold vs bitcoin, boss. I'm approaching the subject from a new perspective.

Do you approach the subject from the perspective of advertising your link? You'll certainly say that it is not so, but there is an option for anyone to check any user post history, this is yours: https://bitcointalk.org/index.php?action=profile;u=2613532;sa=showPosts  // http://archive.ph/lf6EQ

With your way of posting, you directly break the forum rules, which you have obviously not read. Take some time, learn how to use forum and then we can talk about gold vs. Bitcoin.

https://bitcointalk.org/index.php?topic=703657.0

[Artemis3]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:

Thoughts?

I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

If in doubt diversify. I would also go for bitcoin, but diversifying your portfolio is always the wisest thing, just in case...

I don't know how big the "next recession" will be, but i know that at some point humanity will learn about fractional reserve banking, which will prompt its quickly demise, and the end of the hegemony of the Chicago school of economy, which in turn will traumatize all world economies based on it. Yes, those that fear deflation, such as the one brought by bitcoin.

Once the Austrian school of economy ideas start being put in use, bubbles will disappear entirely and there won't be no more traumatic events beyond moderate and healthy market based fluctuation. When you have a rock solid savings based economy, there is little fluctuation anyway. Instead of a rock, the current debts based economy is pretty much a balloon...

[BitHodler]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.

How can noobies not be a fan boy.... this forum is called bitcointalk for a reason.

I personally would take both too, but not at this stage---only when Bitcoin hits $20k and higher I will slowly convert some of my coins to gold in order to have a more diversified portfolio, which is quite important.

Currently I'm balls deep into Bitcoin but I'm not planning to have it be like this for ever. I should have taken out some back in 2017 during the bull run peak, but it's always easy talking now we know what happened to the price.

[Pearls Before Swine]

I'm approaching the subject from a new perspective.

You aren't approaching the same tired old topic from an interesting perspective, tho.  This still all boils down to yet another gold vs. bitcoin thread no matter what other issue you tack onto it.

If a recession comes, I don't want either bitcoin or gold.  I want a steady job and some cash reserve in case I lose that job.  If you're buying gold in anticipation of a recession, you probably have a good deal of money since that isn't something a working slob like myself can do.  And as far as bitcoin goes, it isn't the best thing to be accumulating if you think a recession is coming.  Think of the volatility and how it isn't a safe haven asset and you have your answer.

[samcrypto]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I don’t have the idea about the effect of recession and how to live during the recession (I’m still young during 2008 recession), but I’m buying bitcoin right now because I believe on its future and not because of recession, I also have physical gold from my Dad and its really good to me. If many people think bitcoin and gold is the best during recession, you must hold more now and keep buying.

[Kyraishi]

Why is the option just a singular option? Why can't you hold both, and what about other options like real estate?

If I was very paranoid for an upcoming global recession, I'd likely look at a 40/30/30 split between all 3 of the investment options, with it being, gold/real estate/crypto-currencies, but I'm not particularly scared for one.

Although, if I wanted to be safer, I think gold is the better option, although crypto has a lot of potential.

[kawetsriyanto]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin.

I agree with you. Why we must choose one them while having both is a better choice. Surely, there is no doubt about the potential of gold investment. It has been proven for many years and it seems interesting to choose if you take a look at the current price history: https://goldprice.org/gold-price-history.html. The gold price is growing and shows good improvement. While for Bitcoin, we already know its potential to increase the value, moreover there will be a halving day in 2020.

[Wintersoldier]

Crypto is fiat-backed, and the issue is preparing for a recession if Crypto would be the option, no value would be created because no fiats will support it, what if we think of this way, back the crypto with gold? They can store it in vaults to fully secure it, at the same time, providing market value for cryptocurrencies. In this case, we aren't just choosing between the two options Bitcoins or Gold, but utilizing both resources we have, traditional and digital, to stay functional in the market when recession comes.

[Gyfts]

Diversification is what's important. Investing in gold AND Bitcoin is what constitutes diversity including investments in major stocks. Don't be a fool and throw away your money into one asset only to see it crash and burn. Right the stock market is booming and I'm not surprised that a lot of people's funds are tied in stock investment accounts. I'd expect to see people slowly withdraw into metals and crypto's as word of recession starts to come through.

[Kocret02]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

we must prepare for bitcoin, a lot of speculation that if bitcoin in the future will continue to be in the best position and increase prices. so I thought maybe there would be more profit from bitcoin than gold

[Darker45]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:

https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/

Thoughts?

I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I will have to admit that gold has more persistent and consistent value. Its value is proven over time and is actually based on a physical mineral which is as scarce as Bitcoin is trying to project itself right now. It is not bad to have gold, I mean as much gold as possible. No recession or depression, even the worst kind, will reduce the value of gold into nothing. Gold will remain to be precious and coveted. 

But make no mistake, I will have my Bitcoin as well. 

[LUCKMCFLY]

~snip~

According to history, always in any crisis, what has solved it has been gold, it is not bad to have gold, even in actions, it is good to have it as a means of protection and diversification. Now there is the digital era, where digital gold is considered Bitcoin, both are excellent to have them, there should be no competition, both represent great value and money, since both can provide protection against any economic decline, it is said that those guilty of The crisis of 2008 was the bank, and that the next collapse will be the fault of the bank itself.

[yulionoo]

when there is an economic recession, most investors will move their assets into investments that have low risks such as gold and property. but I would choose to move assets to bitcoin. although bitcoin has a high risk but I think it will be safe to store our assets in bitcoin. and when bitcoin is bullish we will also benefit. and bitcoin can also be used as an alternative means of payment when fiat currencies experience inflation caused by economic recession.

[gabmen]

Well if the recession would be in the next few years, then I'd go with gold. I just guess that at this point, it's a better choice. Bitcoin may follow the trend of fiat if a recession happens soon and there's not enough support for BTC to draw people to convert when things are falling apart. Majority would still prefer to put their money in something tangible and something they can hold in their hand. I can't blame them since I'd probably have the same mindset.

[owengtam09]

I dont think we need to choose if gold or bitcoin. If you want them both then you can have them if you want to. But as of now I only have bitcoin. If only I have a chance to have gold then it is much better for us we all know gold is the one that we can hold in our hand unlike bitcoin is just online and it can be gone soon if there is something happen in crypto world but as of now bitcoin is still have potential. So having both of them is much better.

[Kakmakr]

I think sound financial investment advice would be for people to have a balanced portfolio. Do not put all your eggs in one basket.. We do not know how bad it would be, so it is difficult to prepare for it. Let's say this evolves into full scale riots and Bank runs, then you will have to stock up on something that you would be able to use as a currency.

If the global Internet connectivity are affected by this, then Bitcoin would be basically useless. You will then have to stock up on things like cigarettes and clean drinking water and food that you can swap for other needs like medicine. Gold is also useful but in total anarchy you do not want to walk around with Gold coins or pay for small items with pieces of Gold.   <The average guy on the street would not know the difference between a piece of Gold or a piece of iron that are Gold plated>

[Xxmodded]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I keep investing with bitcoin than gold because bitcoin have profitable than gold, I know gold have no risk with lower price but need long term waiting for gold have higher price, different with bitcoin can raise to higher price by few days but can be down suddenly, if not ready when bitcoin goes down better keep invest your money with gold than bitcoin.

[meanwords]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.

That is true. Both Bitcoin and Gold would see some positive feedback with the upcoming recession that the analyst are saying. I don't really see any bad thing about it since you'll profit from both. Also, it's good to invest in both cryptocurrency and gold since they don't have any ties with US dollar. If a recession where to happen, some investors will sure to seek Bitcoin or gold to avoid losing money.

[bounceback]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

it is still very difficult for me to choose one bitcoin or gold to prepare for the global economic recession next year because bitcoin and gold have the same role to protect the value of our assets, in the past when the recession occurred, of course people will race to move their wealth by gold but the current recession some people also use alternative assets namely cryptocurrency, especially bitcoin.

[ragavancoin]

Recession on Gold or Bitcoin both are safe because it depends on your situation. In gold it is stable you don't find any changes no profit no loss its stable. Whereas in bitcoin as its a bear market its volatile there are pumps and dumps within seconds you can see large amount of increase can  make lots of money on bitcoin.

[Cling18]

Everything depends on your country and what you can afford. As for me, it's best to have both since Bitcoin is legal in our country and I have been holding gold since then. People will surely choose which one is more profitable but if we're wise enough to deal with the possible recession, we could hold and have any of these two.

[fuguebtc]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.

"Never place all eggs in one basket". Invest in both of them, so that you are totally struck. If I have to make a choice between gold n BTC I would invest 70% in gold n 30% in BTC.

[dimonstration]

Recession on Gold or Bitcoin both are safe because it depends on your situation. In gold it is stable you don't find any changes no profit no loss its stable. Whereas in bitcoin as its a bear market its volatile there are pumps and dumps within seconds you can see large amount of increase can  make lots of money on bitcoin.

This will depend maybe on how risky or what type of investor the people is, if they prefer to keep their assets at time of recession, then having gold will suit them more while to those investors who still want to gain some profit or just simply to keep in cryptocurrency even it's too volatile. Diversifying in both is a pretty safe decision, so when crypto market happens to be law there is still some investment that keeps it value since we don't know how big the effect of recession can be when it happens.

[Ridwan Fauzi]

Sound good to choose both of them, you can make them as your source place to store your money. I mean, bitcoin with its volatility price can give you a huge income when the recession is really comes. Also, you will keep your money safely to store it at the gold. Have you think this idea? Yeah I guess it is really simple to think about.

[bitmover]

. If a recession where to happen, some investors will sure to seek Bitcoin or gold to avoid losing money.

One important detail here.
Investors must seek those investments BEFORE the recession, not after it blows.

[samuraijin]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I have gold when I sold a bit of bitcoin in 2017, I will also do the same thing later, because I have to save real gold after both of these bitcoin digital gold I think it's quite better, usually I want to have a lot of gold but I don't have enough money so buy cheap bitcoin first and take advantage when going up to buy gold, I have both

[Asmonist]

We should have both to have break even. If that would happen then either of the two, then at least you have one of them. Both are important assets and we all know that these two are being competed. The best way is to choose these two, gold and bitcoin. They are all valuables and treasures of a lifetime.

[chaoscoinz]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

If money fiat money actually starts to collapse, many people that are smart enough will start to pull out from cash and put money into some form of physical asset. I also think that if fiat started crashing many crypocurrency that is dependent on fiat for trade would also hurt, as people would put money into stablecoins/gold or another low volatility asset that they can protect their wealth with.  Hypothetical questions are hard to answer because of the numerous anomalies that could affect the actual outcome.

[Ucy]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

Bitcoin, combined with few cryptocoins (plus stablecoins) would probably be better option. Gold may perform better during a recession but that won't be a good enough reason to switch to only Gold. By the way, the value of some cryptocurrencies will likely be backed by alots of physical assets in the future.

[bitbunnny]

It's always good decision to diversify your funds and same applies for possible recession.
To be ensured as much as possible I would split funds into Bitcoin, gold but fiat too. Stable currencies will not collapse just like that and over night so it's good to cover all combinations and to stay flexible enough to switch if necessary.

[Meowth05]

It's always good decision to diversify your funds and same applies for possible recession.
To be ensured as much as possible I would split funds into Bitcoin, gold but fiat too. Stable currencies will not collapse just like that and over night so it's good to cover all combinations and to stay flexible enough to switch if necessary.

It is the best option I could only think of. I don't know if this is another FUD but it is better to be sure than sorry am I right? Diversify our funds in different currencies or assets would lessen the chance or avoid losing all of our bankrolls. However, it is impossible for stable currencies like fiat to subside that quickly besides, the government wouldn't let that happen.

[teosanru]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

Gold has always rushed up pretty much during every recession but people never had an option of bitcoin back then. I have already said in many threads that it would be pretty interesting to see how Market works during this phase considering that Bitcoin moves quite independently from traditional markets. I think people might pump up some of their holdings here but the problem is these people are fearing around 20-30% during any crash while bitcoin can itself fall by 20% without any significant event happening around. So would it be wise to go for bitcoin merely for saving out yourself from 20-30%?

[Doell]

prepare for a recession that might become depressed if you take gold however your choice is right to take bitcoin and in this phase we have seen many who choose bitcoin with a high ratio ,however that's not all that the value on the crypto market is a unique pattern with a high level of manipulation will benefit the holder although some are depressed when prices do not return as expected

[panganib999]

I disagree - the next one might just kill the USD. And gold will be the only thing to save you.

Fiat will surely lose and gold will prevail since it always benefit with recession ,concerns and resulting risk aversion,  even called a safe haven for assets. It is performing well during the said tumes because people would prefer investing with hard and tangible objects affecting its demand positively, and holding stock assets would be riskiest during a recession because the stock market is highly sensitive than bonds and precious metals. Well, as for bitcoin, there are warnings that huge economic recession might weigh heavily on bitcoins price and might pull it back to the bitter bear market season.

[boltz]

Both but Bitcoin would be a wise option as I think gold is kinda expensive and its hard to see gold doing a x10 in the next 2 years. Sure , its okay to have some gold for extra safety just in case something bad happens to your national currency or the recession will be bigger than expected.

On the other hand , having some Bitcoin will put you in a nice position , just simply waiting for the bull run in order to make those big profits as I doubt the recession will affect Bitcoin price or Blockchain in any way.

[Maslate]

Both but Bitcoin would be a wise option as I think gold is kinda expensive and its hard to see gold doing a x10 in the next 2 years. Sure , its okay to have some gold for extra safety just in case something bad happens to your national currency or the recession will be bigger than expected.

On the other hand , having some Bitcoin will put you in a nice position , just simply waiting for the bull run in order to make those big profits as I doubt the recession will affect Bitcoin price or Blockchain in any way.

Yes. We should have them both but let's give more focus to bitcoin because it will definitely make us very wealthy once the most awaited bull run will take place. Gold is also a very good option for investment so there should also be a place for it in our investments. If we can have them both, it would give us more financial security in the future.

[Mike Mayor]

For me it depends. How much money do you have? For me I feel gold is something that people with excess money buy. If you are limited I think stick to bitcoin. If you can afford to buy a few gold coins then I do think you should. Looking at banking and how bloody much I hate it and the fact that they charge you to withdraw your own money and make sure you make nothing with the interest plus the fact that fiat declines by about 5%-7% per year. Keeping some gold sounds good. It's value probably grows at the same or slightly more as inflation.

[Twinkledoe]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.

I agree, don't put all your eggs in one basket as the saying goes. So there's no need to choose either of them but better get a hold of both. They have their own advantages and disadvantages but at least if you have both, you have the assurance that one way or another, you will not totally lose all your investments. Gold is a stable investment for me while bitcoin is a very risky one.

[NeironixNV]

I often argue on the neironix website about this and I would prefer gold, because it is less volatile and because of this it will sink clearly weaker than bitcoin, and during the crisis everything will collapse for a while, in case that the best will contain this blow. As for me, this is gold, and then some of the funds will be converted into a sagging cue ball that may in the moment fail by 30-40%, with gold such a collapse has an extremely low probability. But in the future, of course, bitcoin has a much higher growth potential than gold.

[bitvalak]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

Buying both is a wise choice, where you will not lose all your assets when you diversify. For now, gold is quite stable and rarely disturbed by negative news.

[Saqibrehman3]

Sorry to say I disagree with your point to think I see the chart it's looking to go down and I think go down more then the 5000$ then the gold value is like good and I think gold is the winner of this time

[EdvinZ]

Both of these assets are worthy of attention. Gold is a classic that should be in the investment portfolio of a serious investor. Bitcoin is a revolutionary technology that can bring good profits. We can never bet on any one asset. This is the wrong strategy.

[Republikcoin.com]

Both of these assets are worthy of attention. Gold is a classic that should be in the investment portfolio of a serious investor. Bitcoin is a revolutionary technology that can bring good profits. We can never bet on any one asset. This is the wrong strategy.

the same as I thought. if you feel that both assets have potential, then hold them together. choosing between the two will only make you confused. Divide your assets into 50% -50% for both assets. I'm pretty sure those two things are things that really deserve to be owned in the future.

[imstillthebest]

Both of these assets are worthy of attention. Gold is a classic that should be in the investment portfolio of a serious investor. Bitcoin is a revolutionary technology that can bring good profits. We can never bet on any one asset. This is the wrong strategy.

the same as I thought. if you feel that both assets have potential, then hold them together. choosing between the two will only make you confused. Divide your assets into 50% -50% for both assets. I'm pretty sure those two things are things that really deserve to be owned in the future.

its not really that confusing because you are only chosing between two objects and those two objects are also not hard to understand.  

you cant choose them both because its either one of them will go down and that is bitcoin probably while gold is steadily stable but cant give you as much as profits but its a good way to store the value of your money  like in times of resecesion

[lli183]

It depends on your current job status. Gold seems not a really good investment to keep value these days. So does BTC, the drawback is heavy. I would say keep good amount of USDs for low price property and a decent job to maintain your liquidity.

[naikturun]

It depends on the perception of each person, if they like the high volatility they will buy Bitcoins if not then the gold they will buy.
Gold has long been there so more people still choose gold as a means of investment although Bitcoin is also a means of long-term investment but the decline/price increase is very fast to make people still doubt.

[Blawpaw]

I agree a recession is underway. Things are about to break, mainly because of the housing industry. People are not able to pay their rent and end up having their houses taken from them. A lot of People in the US are one step away from homelessness and this, one way or another, will have its toll on the country's economy. Once this happens the recession will spread out like wildfire on to other countries and there is nothing you can do about it. Historically this is accounted for as Kondratieff economic cycles, which can go from 7 on to 50 years, which is a capitalist set up to maintain the power with the rich.

[GideonGono]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.

This statement is true because in fact when we use the popular saying in trading “don’t put all your eggs in one basket” then we could say that we should diversify our portfolio. Having Bitcoin and gold at the same time is the most safest way to ensure your assets would fall into very solid platforms especially when we talk about Gold where history tells how important it is to maintain economic stability and how would it play a vital part when a crisis strikes. While Bitcoin on the other hand, the market is quiet young compared to Gold but because of this exact same reason, it would be wise to invest in a project that would guarantee you profit when the market matures more in the future especially when we talk about its characteristics that would surely not die out as the time goes by.

[South Park]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

As always there is not a simple answer to that question, if you consider yourself already to be wealthy and the only thing that you need to do is to protect that wealth then by far the best choice is gold, gold has had value for thousands of years and there is no indication that will change and we know for a fact that gold performs really well when the economy is not, but if at the moment you are not comfortable with the wealth that you have then you may try to hold bitcoin since it is likely that it will not only protect your wealth but it will increase it even faster than gold.

[marcous]

Bitcoin and Gold have different benefits if the purpose to invest. where if investing in Bitcoin whose value is volatile makes Investors uneasy psychologically given the fluctuating prices will make you can not just leave it. In contrast to gold, the price is relatively stable because there is an increase every year. So depending on what side you judge to get each benefit because in my opinion Bitcoin and Gold have different benefits if for a long term period. It could be that in the future Gold will be more valuable than anything.

[waitforme]

If I had enough wealth, I would choose both gold and bitcoin because they are potential assets in the recession. Bitcoin does not have a history of experiencing any economic downturn, so owning bitcoin in the next recession is more risky than Gold. But coming here bitcoin will carry having and maybe this is a good opportunity for us to become rich. I am quite confused but maybe I will choose both.

[DaveF]

Not just gold but all precious metals (platinum, rhodium, silver, etc.) are good to hold.
You may or many not make money, but unless something happens and you buy at the top of the market you will probably not loose much so long as you can hold for a while.

That is the big thing with metals, they go up, they go down and then they go back up again. Might take a while but unless there is a radical change it's a cycle. And it's been a cycle longer then any of us have been alive. (unless there is someone here who was born before 1825)

-Dave

[atjiat]

Not just gold but all precious metals (platinum, rhodium, silver, etc.) are good to hold.
You may or many not make money, but unless something happens and you buy at the top of the market you will probably not loose much so long as you can hold for a while.

That is the big thing with metals, they go up, they go down and then they go back up again. Might take a while but unless there is a radical change it's a cycle. And it's been a cycle longer then any of us have been alive. (unless there is someone here who was born before 1825)

-Dave

You are absolutely right, because you can not get hung up on only one cryptocurrency and on any other asset individually.  If a person has good opportunities and experience for making a profit in the cryptocurrency market, then it would be quite reasonable to use the received income for investments in various directions, including in stocks, jewelry and real estate.  Perhaps even to acquire a real business.  The economic situation in the world is very unstable and such actions can protect the human family.  The fact is that you need to think not only about your life, but also about your children and grandchildren, foreseeing everything for the future.

[romero121]

If there happens a recession each and every sector will get affected. This will directly and indirectly cause crash in the market. Whether it can be of gold or any form of investment. We can't exactly say how bitcoin will react by the time. Always it is good to diversify the investments in the possible ways. This way it is possible to overcome the situation, also recession happens at certain time interval which is obvious. We have to be prepared to meet if we're players on the market.

I believe by the time of recession one needs to have patience, because this won't last for much longer time period. Another possible way to be successful by the time of recession is to make investments by the time than expecting profits.

[cotton ball]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I will prepare my self for investing both bitcoin and gold because to invest with bitcoin can faster increase our asset to higher price but with gold investment keep safety our assets for long term, gold never be inflation and lower price because keep stable with price, for bitcoin can be higher and lower price with short time without waiting for long term to get profit or lost with bitcoin and altcoin investing.

[bering]

Both of them have their own fans and for those who believe traditional ways always be working well to avoid recession then they might be will choose gold as the savious instead of bitcoin and for those who believe new technology can help them out from these issue then they will choose bitcoin but why so hard to pick between them because having all of them can minimize the risk to facing upcoming recessions

[yoseph]

I am going to go old school and invest in what people have always invested in whenever there has been a recession or a global economic crisis and invest in gold rather than bitcoins and my reason is because of the recent price drops just because of the Chinese government raiding and closing down Binance. If such an action can have a negative impact on the value of Bitcoins,  then I don't think it's really safeel during any recession.

[putukin]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

Both assets have good recession resistance. In my opinion both deserve attention. The question is different, how much money are you willing to keep in the asset? It’s not so easy to do it safely and honestly talking you have not much time to realize a converting to BTC or Gold

[omfg.xekcep]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

The vast majority of people think that gold is the best asset, I used to think so but if fact it is not completely true. Like any assets gold may be either in an upward trend or ,obviously, in a downward trend. Gold was hold in the channel between 1200-1400 the several last years and after the pressure was released gold began going up until approximately 1600. Right now gold is shaking around 1500 and unfortunately I have no idea where it is gonna go further but at least I say and admit it  honestly instead of pretending a guru who knows everything. By far gold have always been an excellent asset in which investors putted their money to protect own capitals. Nowadays people imply that the situation with gold have not been changed and gold is still a safe haven but I am not sure that it is the truth.
The current situation with bitcoin is else more complicated. I am not awaiting that bitcoin will be tumbled in 2020 (at least sufficiently) so I have invested a small amount in bitcoin and if it begins growing I will begin increasing my open position.

[ethereumhunter]

If you have money, then I suggest you buy both gold and bitcoin because gold and bitcoin can be an asset for you and it will help you to face the recession. Gold for real life and bitcoin for the online life will work good so you don't have to worry if you run out for the money because gold can give you the money. Bitcoin will provide another benefit if you want to buy something on the internet.

[maianh09]

This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.

[dioanna]

of course we believe that Bitcoin  will be worth it in the future so as we are in this early stage of adoption of crypto
it is a must to have btc in my folio.

[tippytoes]

This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.

Everyone has their own take on what or where they want to invest their wealth. But for some people who want an assurance of their investments, they will go for gold but for those risk takers, they may give higher percentage on bitcoin. But at the end of the day, we make our own decisions because it is our money anyway. Just trust yourself because no one is to blame but you for whatever consequences it may be.

[target]

This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.

Everyone has their own take on what or where they want to invest their wealth. But for some people who want an assurance of their investments, they will go for gold but for those risk takers, they may give higher percentage on bitcoin. But at the end of the day, we make our own decisions because it is our money anyway. Just trust yourself because no one is to blame but you for whatever consequences it may be.

Bitcoin was created after the 2008 recession because its purposely made to survive because gold can't. If all fails including the fiat, you can't imagine yourself carrying a bag of gold when you travel from city to city. You'd be robbed the moment someone sees you buy something in exchange of a piece of gold you have. Put all your wealth on crypto because that's where the future is going.

[ChrisPop]

I would diversify between Gold, Bitcoin and Real Estate. Gold has proved that it is not a reliable hedge during times of crisis as it dropped around 30% in the 2008 crisis. Real estate even if it drops is an asset that provides a steady revenue source no matter what as people will always be in need of a place to sleep. I'm not a big fan of investing in metals, besides their use in several industries I don't look at them like at as a store of value on long term even if the humanity did so over thousands of years. Bitcoin is a scarce asset that no matter what won't inflate and it does not depend on a singular economy. Of course that if people don't have decent incomes they won't have the funds required to buy Bitcoin but I don't think they will sell it for cash in case of recession, just in emergency cases.

[DreamStage]

Gold is a material asset where Bitcoin is virtual.

You can still trade your gold no matter what and in specific exchangers on the real life.
While Bitcoin you can only exchange at virtual exchanges as the value of your satoshis are all on the network.

If the network fails you lose all your bitcoins, or if you dont have internet for accessing those.

Considering those statements i would rather prefer having both or at least gold as a recession preparation.

[Bim abk]

Gold is a material asset where Bitcoin is virtual.

You can still trade your gold no matter what and in specific exchangers on the real life.
While Bitcoin you can only exchange at virtual exchanges as the value of your satoshis are all on the network.

If the network fails you lose all your bitcoins, or if you dont have internet for accessing those.

Considering those statements i would rather prefer having both or at least gold as a recession preparation.

I also have both but at the moment I am focusing on gold investment and a few other things I focus on bitcoin. both have advantages in the bitcoin system in virtual while gold in real life and we can use both

[airdnasxela]

It is indeed safer to choose both bitcoin and gold. But I think that gold is harder to obtain that bitcoin and other cryptocurrency. I would like to chows gold since it is stable and doesn't lose its value easily unlike bitcoin. I'm more financially safe with it during recession. But like what I said, bitcoin is easier to get than gold. So I'll go for bitcoin. I bet during recession, bitcoin will value more.

[South Park]

This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.

Everyone has their own take on what or where they want to invest their wealth. But for some people who want an assurance of their investments, they will go for gold but for those risk takers, they may give higher percentage on bitcoin. But at the end of the day, we make our own decisions because it is our money anyway. Just trust yourself because no one is to blame but you for whatever consequences it may be.

Bitcoin was created after the 2008 recession because its purposely made to survive because gold can't. If all fails including the fiat, you can't imagine yourself carrying a bag of gold when you travel from city to city. You'd be robbed the moment someone sees you buy something in exchange of a piece of gold you have. Put all your wealth on crypto because that's where the future is going.

Most people never think about this because they never believe it will happen but moving your gold is always risky since you cannot move large quantities without bringing huge attention to yourself, but bitcoin is different, you can have all your bitcoin with you and no one will ever know unless you tell them what you are doing, and since bitcoin is digital you can store it anywhere you want, like your computer, smart phone, an USB, a hardware wallet, a paper wallet or even your own mind.

[karanggatak]

I can't choose between gold and bitcoin. because I like both. if the world goes into a recession and the value of fiat currencies falls, some people will look for other alternatives and I choose bitcoin and gold. I also chose gold because sometimes I am also afraid that suddenly there will be a war or a major disaster that will cause the internet and electricity to fail. then I can't access my bitcoin.
but I can still sell the gold that I have.

[Murat]

Basically, Both of them are potential for you if you want to make money by holding them for a certain period of time. so I always say that Bitcoin and gold both are important for us because of having a volatile market for both perspectives, If you are losing your Bitcoin then Gold could be the support and again when the price of gold falls down then Bitcoin would be your urgent partner, In this regard, You may hold both Bold and Bitcoin for the future purpose, so that you will face a low risk whatever you do, but for me, Gold is still the best investment tool ever.

[blckhawk]

A good investor won't put all of his funds on a single investment, but rather spread it out among different assets. You could hold gold and Bitcoin at the same time. It would only depend on your bias on where to put the larger percentage. They are essentially almost the same, with differences on usage and the way they exist (physical vs digital), but other than that, Bitcoin already has proven to be useful and worth something, same as gold.

[soulripper]

I pick both because it all has it own prices and both are very good to make investment for a long term. If gold has being used for a very long time now then bitcoin is a new modern way of gold which still both is a very good for investment. Nothing wrong on both and both gold and bitcoin are sure will survive long.

[niisarearning]

I am accumulating bitcoin as well as Gold also some in real estate . Gold is oldest proven asset from centuries . Its value can't go zero at all of sudden . Gold growth is slow but can keep for long term . If any currency looses its value gold value will be same . Bitcoin is the greatest invention of this century . Its still having high volatility also having high chances of return for long term holding  . So i am taking advantage of oldest proven investment as well current invention and futuristic technology

[Edraket31]

I am accumulating bitcoin as well as Gold also some in real estate . Gold is oldest proven asset from centuries . Its value can't go zero at all of sudden . Gold growth is slow but can keep for long term . If any currency looses its value gold value will be same . Bitcoin is the greatest invention of this century . Its still having high volatility also having high chances of return for long term holding  . So i am taking advantage of oldest proven investment as well current invention and futuristic technology

Both of them are good, if you have spare money to invest, better to invest both of them, both of them has good future, But don't just give your all in, just invest in gold, as it is really profitable, but investing in cryptocurrency will be risky but just invest some money that we can afford to lose, or just invest on it little by little.

[atjiat]

I am accumulating bitcoin as well as Gold also some in real estate . Gold is oldest proven asset from centuries . Its value can't go zero at all of sudden . Gold growth is slow but can keep for long term . If any currency looses its value gold value will be same . Bitcoin is the greatest invention of this century . Its still having high volatility also having high chances of return for long term holding  . So i am taking advantage of oldest proven investment as well current invention and futuristic technology

Both of them are good, if you have spare money to invest, better to invest both of them, both of them has good future, But don't just give your all in, just invest in gold, as it is really profitable, but investing in cryptocurrency will be risky but just invest some money that we can afford to lose, or just invest on it little by little.

By far the most sensible action would be to invest in both Bitcoin and gold.  That's just for me, these two assets have a certain difference.  If I consider Bitcoin as a profitable investment, which in the future will bring me huge profits, then gold is a very good asset for accumulating my funds.  After all, no one will argue with me that gold is more stable than Bitcoin.

[Lauren Smith]

Diversifying as mich as possible is a better idea. Bitcoin can be your main investment if you like and gold a smaller percentage. I would also invest in things like small businesses.
I think you can grow your gold stock that way. Though if you very very wealthy i think you only need as many bitcoin as you would spend over the few years.

[shield132]

I also think that the best option is both. If you have enough funds other things like properties could be also a good addition. The idea is to diversify as much as possible with low risk.

+1 to this one, owning of property is a huge advantage in overall, it's your place in earth and you can rent it and get some solid profit, depends on country, where it's located and etc. Someone may steal gold/btc but not property or if that happens you live in terrible country and better to escape yourself.
In overall own both, gold as a form of necklace for example or ring and etc, you don't need gold bars cause small amount of them have significant value.
Bitcoin is cryptocurrency after all with a lot of abilities, at least no one can steal it from you if you are the only person who owns private keys.
Person needs to have multiple strategies.

[diahsw]

for now I prefer bitcoin. if it's given a choice, then that's what I choose, because if we choose gold, then it's very far in price compared to bitcoin .. !!

[southafricadude]

Sticking with bitcoin for now personally, but why not have both? Gold has thousands of years of a head start in terms of demand...people know and want gold. If you want to diversify, dont buy altcoins, buy gold. Having both seems like a good idea to me.

[Fundamentals Of]

Sticking with bitcoin for now personally, but why not have both? Gold has thousands of years of a head start in terms of demand...people know and want gold. If you want to diversify, dont buy altcoins, buy gold. Having both seems like a good idea to me.

Why not buy Bitcoin, Gold, and altcoins at the same time? They are all good investments. If I have the money, I would not be sticking to only Bitcoin or even Gold. I would be diversifying my investments in many other ventures. I can choose 10 altcoins that are almost as good as Bitcoin as investment. I can have Gold and other precious metals such as Silver. I can have stocks of companies that are likely to weather the recession.

[crossabdd]

bitcoin, I still choose bitcoin. Why.? many reasons that make me keep choosing bitcoin, including easier, the latest technology. crypto currency pioneer. and the best investment now. actually gold is also good. recognized by the government and accepted everywhere. but gold has a period so it is very difficult to carry in large quantities.

[Kambal2000]

bitcoin, I still choose bitcoin. Why.? many reasons that make me keep choosing bitcoin, including easier, the latest technology. crypto currency pioneer. and the best investment now. actually gold is also good. recognized by the government and accepted everywhere. but gold has a period so it is very difficult to carry in large quantities.

It depends on your choice and your reason, I know that Bitcoin will give you more profit as it can raised the price depending on the market and gold is stable and controlled by the government, but for me, based on what I am doing right now, I am doing both of them, investing in gold as well as in crypto, investing not my own money in crypto but just holding some of it from my profit.

[Darooghe]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.

[Bonenx14]

I pick both because it all has it own prices and both are very good to make investment for a long term. If gold has being used for a very long time now then bitcoin is a new modern way of gold which still both is a very good for investment. Nothing wrong on both and both gold and bitcoin are sure will survive long.

both do have the potential, to start investing must also see the needs. so we can invest in gold to store stable assets that have the potential to rise well, while bitcoin we are looking for the right time to buy it and also see the potential price there. both can make good profits if we have the ability to invest, especially on bitcoin

[MarioV]

I think that those who have fiat money should diversify to 50% in both gold and bitcoin, according to good practice. The problem is to have the money leaving to buy these two assets.

[quisten]

Bitcoin is the future, so it can not beat gold in this age.
The illiteracy will provide service and take gold as salary, bitcoin won't work.

[alyssa85]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.

Bitcoin is an uncorrelated asset.

But I do think it might get affected in a recession because people tend to sell assets in hard times to pay their bills. So we might see a wave of people selling their bitcoin savings if they lose their job for instance.

[loveyou30692]

Everything is only predict and I don't think the recession incoming. Both (Gold and Bitcoin) will be make change the world economy in the near future!

[Timzim103]

If I were struggling through a recession, I would be interested in neither, and so would a lot of other investors.

I'm thinking that a recession involves an economic slowdown which means companies are looking for cash, and employees are getting laid off. That's a boatload if entities and people looking to sell off investments to pay bills. You can't eat gold nor tokens. Eventually, that means the price of gold drops and so does Bitcoin.

To prepare for a recession, I'd be vested in passive income that I think would weather well in those times; something that gives me what I need to keep my family afloat. If I succeed at that, a recession might actually be the cue to buy Bitcoin curiously enough. But I wouldn't be buying gold or Bitcoin to "prepare" for a recession, goodness no.

[bitcoin-shark]

I don't know if I had some fiat, perhaps i would invest in gold or real estate that have small but safe growth over time, i believe that for now the only thing that goes well is fast financial speculation and not a long-term investment, they are too unstable as a value...

[KnightElite]

The next financial crisis is waving to us. The banking system will be crashed again. Investing in both gold and bitcoin can help us to avoid the recession. Focus also in investment thay can give us passive income. Financial illeterate person cannot avoid financial crisis and they can get stuck to it. That's why we need to learn how we will become financial literate.

[Diamond_Darrell]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.

Bitcoin has recently taken its place in the financial system. And in such a short period of time he held three bubbles. His time has not come yet))) For comparison, credit swaps appeared in 1994 and 14 years passed before the crisis of 2008. Since 2009, only 10 years have passed, we have four more years left))))

[South Park]

bitcoin, I still choose bitcoin. Why.? many reasons that make me keep choosing bitcoin, including easier, the latest technology. crypto currency pioneer. and the best investment now. actually gold is also good. recognized by the government and accepted everywhere. but gold has a period so it is very difficult to carry in large quantities.

It depends on your choice and your reason, I know that Bitcoin will give you more profit as it can raised the price depending on the market and gold is stable and controlled by the government, but for me, based on what I am doing right now, I am doing both of them, investing in gold as well as in crypto, investing not my own money in crypto but just holding some of it from my profit.

Investing in both them is a good idea, many may think that bitcoin and gold are somehow enemies but they are not in fact they can complement each other very well, if you have both in the case of an economic crisis you can be sure that many people will accept gold as people have been doing for thousands of years, so you have an asset that is very easy to exchange, but the rest of your money should be in bitcoin which no doubt at that time will be growing like no other asset in the world.

[Wendigo]

Gold all the way. Gold is timeless.

[seoincorporation]

I think Bitcoin is a better financial tool to get ready for a recession because it volatility can make your inversion grows much bigger than gold. People think gold is a secure way to invest, but their low risk doesn't let their value goes to the moon.

That's why i think bitcoin is the way to go.

[pixie85]

Gold all the way. Gold is timeless.

It used to be popular but all things come to an end.

Gold is timeless but will it be worth as much 20 years from now as it is now? It's enough for it to lose 20% and you will be in trouble and it can lose 10% in 10 years. Bitcoin could gain 1000% in 10 years.

My choice will always be bitcoin. I don't even own gold. You can buy fake one with tungsten so it's risky and Bitcoin is always genuine.

[AliMan]

Gold all the way. Gold is timeless.

It used to be popular but all things come to an end.

Gold is timeless but will it be worth as much 20 years from now as it is now? It's enough for it to lose 20% and you will be in trouble and it can lose 10% in 10 years. Bitcoin could gain 1000% in 10 years.

My choice will always be bitcoin. I don't even own gold. You can buy fake one with tungsten so it's risky and Bitcoin is always genuine.

Bitcoin can't br faked because it's a digital asset, and unlike as what you said gold can be manipulated with any material elements. Some of them were plated and when you wanted it to be legit, that will cost you very expensive. Comparing it with bitcoin, you can purchase with small amounts, but with gold it's only limited due to availability on of the market supply.
When bitcoin increased amazingly, you can even twice or ten folds your holdings once it spikes rapidly.

[yohananaomi]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

The difference between bitcoin and gold clearly makes the difference very clearly, if there is a recess even the influence with gold can clearly be directly related but with bitcoin because it is different and will not affect directly.
but if you want to take a smaller risk of course the choice falls on gold and not with bitcoin. bitcoin is the safest and most profitable of any size compared to gold.

[Mammothcoin]

Bitcoin has never experienced any recession before so its unlikely to predict how Bitcoin will react in the eventuality of a recession. I do believe that the perceived impending receesion could positively affect Bitcoin. Regardless though, I'd still go with bitcoin, why? The growth potential that exists with Bitcoin is unrivalled, even by gold.

[Velkro]

Preparing for a recession... Gold or Bitcoin?

Of course Bitcoin. Harder question would be in times of war (especially world war 3) what you would choose, bitcoin or gold?
With gold you could buy food and with Bitcoin? Only in countries not involved in war.

[dimox]

if you believe on bitcoin, just buy it. but if you believe on gold than bitcoin, just buy it. the decision depend on how much you trust on something like this stuff. for me, gold is good for your future and next generation.

[ntsdm1]

I think that those who have fiat money should diversify to 50% in both gold and bitcoin, according to good practice.

Good solution.Paper money is about to cease to have any value.And the time will come for gold and bitcoin.And it is these assets and need to stock up.

[BChydro]

I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. 

If there is a global financial crises what do you think the money comes from to invest in the market, if you think logically all the market should come down and we have not witnessed any recession after the release of bitcoin and hence we can now speculate that the market will not get affected but when it really hits the market then you will feel the pressure the market will be having.

[xiboothrezi]

Gold is the right choice to face a recession, the volume is low. Bitcoin also has a very strong chance if investors are able to take the right opportunities even though the volumes are high. So, why choose one if you can still take advantage of both? after all there are many things that are unpredictable, if we put all the eggs in one basket of course the risk is greater right?

[Edraket31]

Gold is the right choice to face a recession, the volume is low. Bitcoin also has a very strong chance if investors are able to take the right opportunities even though the volumes are high. So, why choose one if you can still take advantage of both? after all there are many things that are unpredictable, if we put all the eggs in one basket of course the risk is greater right?

I would also consider and choose gold over Bitcoin, but still would buy Bitcoin maybe around 20% to Btc and 80% for gold, as gold will for sure fluctuates at that time so it will be a good opportunity for all of us to buy more gold as we know that once the recession is done and market becomes stable for sure that the value of gold will climb high again.

[TitanGEL]

If the financial crisis come, it is better to invest in gold than bitcoins. Maybe the value of the bitcoin will also crash when the recession comes so it is better to buy gold. We are aware to the value of the gold that keep increasing, so it is a good assets that we may buy. We can avoid the recession if we will invest in this kind of assets that are not depreciating.

[DreamStage]

Preparing for a recession... Gold or Bitcoin?

Of course Bitcoin. Harder question would be in times of war (especially world war 3) what you would choose, bitcoin or gold?
With gold you could buy food and with Bitcoin? Only in countries not involved in war.

And what would war change about bitcoin?

If you have a network and you have access to it you can still exchange it from virtual currency to fiat and vice versa.
You could even trade with other people in same country the war is at at exchangers like localbitcoins or talk with them and trade currency virtually and get your fiat face to face if you couldnt access the banks.

[jostorres]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:

https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/

Thoughts?

You already know that there is a high risk with holding Bitcoin, and since you're not sure as to whether the price will increase or not at that time, the best thing you can do is to invest in both Bitcoin and gold since gold has less risk. Good thing with Bitcoin is that that time might come and the price will increase due to a high demand. So you never know, that's why it's good to diversify your investment by going for both of them.

we have not witnessed any recession after the release of bitcoin and hence we can now speculate that the market will not get affected but when it really hits the market then you will feel the pressure the market will be having.

Nah you're wrong. Times like that are the reason why you should have your money invested in assets such as gold and Bitcoin to protect worth. During such times the price for these things will be high (I'm not sure about Bitcoin though). So, investing your money is very important.

[shark1006]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

It is important to protect money by using other assets. By investing in gold and Bitcoin, we insure ourselves against the loss of fiat value. It’s foolish to expect that gold and bitcoin will grow during the crisis, the most important thing is to survive the recession without losses thanks to these two assets.

What will be better, gold or Bitcoin? The answer - no one knows

[South Park]

I think Bitcoin is a better financial tool to get ready for a recession because it volatility can make your inversion grows much bigger than gold. People think gold is a secure way to invest, but their low risk doesn't let their value goes to the moon.

That's why i think bitcoin is the way to go.

When things get really ugly gold begins to behave as a very volatile asset since everyone wants to get some of it and its scarce nature makes impossible to meet the demand, which is something we are very familiar since it happens to bitcoin all the time, so investing in gold is not a bad idea what you do not know is when that will happen and you will have to most likely hold your gold for decades to see any kind of significant result and very few have the patience to do something like that.

[Oneandpure]

I think Bitcoin is a better financial tool to get ready for a recession because it volatility can make your inversion grows much bigger than gold. People think gold is a secure way to invest, but their low risk doesn't let their value goes to the moon.

That's why i think bitcoin is the way to go.

When things get really ugly gold begins to behave as a very volatile asset since everyone wants to get some of it and its scarce nature makes impossible to meet the demand, which is something we are very familiar since it happens to bitcoin all the time, so investing in gold is not a bad idea what you do not know is when that will happen and you will have to most likely hold your gold for decades to see any kind of significant result and very few have the patience to do something like that.

With altcoin and bitcoin investment we can get much profit just few time, but investing on gold you have waiting one year to get profit only 5%, by investing with bitcoin just needed one day or shorter to get profit more than 5% but have big risk when investing on crypto, you can lost your money when price down and you can't prediction when price is up or down.

[Bim abk]

I think Bitcoin is a better financial tool to get ready for a recession because it volatility can make your inversion grows much bigger than gold. People think gold is a secure way to invest, but their low risk doesn't let their value goes to the moon.

That's why i think bitcoin is the way to go.

When things get really ugly gold begins to behave as a very volatile asset since everyone wants to get some of it and its scarce nature makes impossible to meet the demand, which is something we are very familiar since it happens to bitcoin all the time, so investing in gold is not a bad idea what you do not know is when that will happen and you will have to most likely hold your gold for decades to see any kind of significant result and very few have the patience to do something like that.

because both can be profitable, gold and bitcoin have their respective places in terms of investment. gold may be more stable, so it will be more suitable for the long term, while bitcoin can be used for short-term or long-term investments depending on existing research and conditions

[CodyAlfaridzi]

I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I'm curious why would you choose gold if the recession is as big as the 2008 crisis?

As for me, no matter how big it is, I still would choose Bitcoin. In fact, I think the bigger the recession the better it is for Bitcoin. Gold is no doubt the best store of value as of now, but I need more than just a store of value. I'm still growing my wealth so taking the risk in Bitcoin with a bigger potential return is acceptable. I'd probably start pouring money into stocks as their price sinking, hoping to make a big return when the bulls come back

[The Sceptical Chymist]

It is important to protect money by using other assets. By investing in gold and Bitcoin, we insure ourselves against the loss of fiat value.

Yes, but in a recession like the one we saw in 2008-2009, fiat didn't lose its value.  A hyperinflation situation is much different than a recession.

So if we're headed toward a recession--and I'm not entirely sure that one is imminent--I'd want to be holding cash instead of either gold or bitcoin (though I wouldn't lose any enthusiasm for bitcoin regardless of the economic situation).  A recession for most people might mean a loss of a job, a home, that kind of thing.  It's important to have a reserve of cash in case you suddenly don't have any income.  Bitcoin isn't really going to help unless you sell it for fiat or can buy things with it.  Right now you can't pay your mortgage or utility bills or most day-to-day expenses with it, so it won't help much. 

And gold?  Unless you've already got enough cash in reserve for an emergency gold is going to do you no good.  A recession doesn't mean there's high inflation, and gold is typically viewed as a hedge against inflation.  I'd also point out that you can't spend gold anywhere.

[Oni Trading]

Hah, you come to the most prominent crypto forum and ask people whether they would hold gold or Bitcoin? Hm......I wonder how many answers will favour gold.

Jokes aside, I have no doubt BTC is the right answer. Halving, fungibility, limited numbers, nascent industries, decentralised.

Definitely BTC!

[Hypnosis00]

The situation might be harsh and really difficult but people aren't shaken enough to think that Bitcoin will totally vanish which will give worries. But it won't and people are still believing that Bitcoin would still survive and bring back to its position wherever the people are expecting to happen. Ain't no wonder that almost all of us here will choose Bitcoin because they know exactly the capability of bitcoin has.

[smartbitcoininvestor]

Hold both. In fact, any type of alternative asset will work as a hedge against a recession.

Consider moving your existing 401k or IRA into a self-directed IRA account.

[Asuspawer09]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as 2008 one (which, to me, was a depression). Hence I'll stick with Bitcoin for now.

Both of this two are the best investment. Still, for a more long term investment I think gold was the more substantial since gold is undoubtedly going to give you profit for a long term investment in the market,
this discussion was already discussed in the past years and as we all know we don't know if bitcoin was still around after 10 or 20 years but for sure gold would always be around. The supply was limited since it was a natural resource surely gold was better in long term investment. It depends on the situation in what was the most profitable.

[cutesgirl]

Gold is the right choice to face a recession, the volume is low. Bitcoin also has a very strong chance if investors are able to take the right opportunities even though the volumes are high. So, why choose one if you can still take advantage of both? after all there are many things that are unpredictable, if we put all the eggs in one basket of course the risk is greater right?

Gold give us less risk with impossible price of gold down but many people want to get much profit faster with their investment, maybe needed short time to get much profit by investing with bitcoin and altcoin, if some one dislike with big risk and big result will invest with gold and just brave mind want to invest with bitcoin or altcoin because have profitable and give much profit for investing.

[DevilSlayer]

Gold is the right choice to face a recession, the volume is low. Bitcoin also has a very strong chance if investors are able to take the right opportunities even though the volumes are high. So, why choose one if you can still take advantage of both? after all there are many things that are unpredictable, if we put all the eggs in one basket of course the risk is greater right?

Gold give us less risk with impossible price of gold down but many people want to get much profit faster with their investment, maybe needed short time to get much profit by investing with bitcoin and altcoin, if some one dislike with big risk and big result will invest with gold and just brave mind want to invest with bitcoin or altcoin because have profitable and give much profit for investing.

I'm a big fan of bitcoin but if I will choose what type of investment that I will choose in terms of recession, I will choose gold than bitcoin. If the financial crisis happen, the stock market will crashed and there is a possibility that the cryptocurrency market will also crashed and there will be effect to the price of bitcoin. Gold is a good investment and it can help us to prepare to recession.

[Argoo]

There are a lot of ways to avoid strong inflation during the next global financial crisis. This is not just a purchase of gold or bitcoins. It can be land, houses and other real estate, antiques, jewelry and much more. Among these measures, buying bitcoin is probably not the best solution because of its high price volatility. Yes, for these ten years, bitcoin can be considered to be constantly growing in price. However, there is no certainty that this will continue to happen. But what if it drops in price to the level of the rest of the cryptocurrency? Therefore, you need to use several options for protection against inflation at once and Bitcoin can be one of them.

[RooseveltOah]

I think in a recession Bitcoin will be a genuinely hopeless 'safe harbour'.

Most people will run for the exits faster than their little feet can carry them. Of course the true believers won't but they're rather heavily outnumbered.

But I doubt we've seen an end to the financial tricks played to keep the plates spinning. If Bitcoin keeps going for a few more years of relative peace its perception may change and be in a stronger position when it happens.

As for USD dying, we've only been hearing that for the last 4-5 decades yet there it still is.

I don’t believe we’ve seen Bitcoin in a real recession, hence I don’t believe conclusions can be drawn here, on the other hand gold has a history being a safe haven for recession, in which negatively correlates with USD, of course things have changed a bit, but I wouldn’t rely solely on Bitcoin during a recession however promising this new class of asset is.

[Cacingkemi]

if I have enough money then I will choose both because gold and bitcoin both must have a good future to be used as an investment asset, but of course both have advantages and disadvantages of each we need to consider

[South Park]

if I have enough money then I will choose both because gold and bitcoin both must have a good future to be used as an investment asset, but of course both have advantages and disadvantages of each we need to consider

In the case that the next economic crisis only brings a recession it is probably better to hold bitcoin than to hold gold, gold performs at its best when the fiat currency created by the government is not doing well and a recession does not guarantee that we are going to see any kind of collapse in the fiat system currently in place, so out of those two bitcoin seems to be the best option but that is only true if you are capable of holding your coins for long enough to see that recession.

[mintme.com]

I think you should diversify your portfolio even more than just bitcoin and gold, it might be simply not enough.

[jameshugo17]

Buying gold is always a sensible investment. But if you're looking for excitement, get Bitcoin: d Bitcoin is a very risky investment tool. But it can make you rich in the future. It is better to make different investments. Portfolio diversification would be nice.

[South Park]

Buying gold is always a sensible investment. But if you're looking for excitement, get Bitcoin: d Bitcoin is a very risky investment tool. But it can make you rich in the future. It is better to make different investments. Portfolio diversification would be nice.

You seem to be looking at bitcoin from the perspective of a gambler, you are looking for excitement and that is not what an investor is really looking for, an investor only cares about one thing and that is to obtain profits and most investors around the world prefer to earn profits in a systematic and boring way, after they get those profits they can choose to do all kind of exciting things with them but when it comes to earning money investors prefer to earn their money in a predictable way.

[KnightElite]

if I have enough money then I will choose both because gold and bitcoin both must have a good future to be used as an investment asset, but of course both have advantages and disadvantages of each we need to consider

In the case that the next economic crisis only brings a recession it is probably better to hold bitcoin than to hold gold, gold performs at its best when the fiat currency created by the government is not doing well and a recession does not guarantee that we are going to see any kind of collapse in the fiat system currently in place, so out of those two bitcoin seems to be the best option but that is only true if you are capable of holding your coins for long enough to see that recession.

But holding gold is much safer than holding bitcoin if the recession comes. There still a possibility that the bitcoin will also crashed if the recession comes. We have 3 major  economic crisis that happened and we can find out about it by studying history. Gold proved that is a good and valuable asset in terms of recession. You can avoid the financial crisis if you will invest in these kind of assets.

[cotton ball]

if I have enough money then I will choose both because gold and bitcoin both must have a good future to be used as an investment asset, but of course both have advantages and disadvantages of each we need to consider

In the case that the next economic crisis only brings a recession it is probably better to hold bitcoin than to hold gold, gold performs at its best when the fiat currency created by the government is not doing well and a recession does not guarantee that we are going to see any kind of collapse in the fiat system currently in place, so out of those two bitcoin seems to be the best option but that is only true if you are capable of holding your coins for long enough to see that recession.

But holding gold is much safer than holding bitcoin if the recession comes. There still a possibility that the bitcoin will also crashed if the recession comes. We have 3 major  economic crisis that happened and we can find out about it by studying history. Gold proved that is a good and valuable asset in terms of recession. You can avoid the financial crisis if you will invest in these kind of assets.

Holding is not good choose because bitcoin and altcoin always looks lower price, better cut lost and re investing again with other altcoin have on support with lower price, maybe can recovery with how much lost we have. Why have hold without know when bitcoin up to higher price now good way if cut lost we can buy and invest on other altcoin.

[South Park]

if I have enough money then I will choose both because gold and bitcoin both must have a good future to be used as an investment asset, but of course both have advantages and disadvantages of each we need to consider

In the case that the next economic crisis only brings a recession it is probably better to hold bitcoin than to hold gold, gold performs at its best when the fiat currency created by the government is not doing well and a recession does not guarantee that we are going to see any kind of collapse in the fiat system currently in place, so out of those two bitcoin seems to be the best option but that is only true if you are capable of holding your coins for long enough to see that recession.

But holding gold is much safer than holding bitcoin if the recession comes. There still a possibility that the bitcoin will also crashed if the recession comes. We have 3 major  economic crisis that happened and we can find out about it by studying history. Gold proved that is a good and valuable asset in terms of recession. You can avoid the financial crisis if you will invest in these kind of assets.

Then buy gold, I do not really have anything against gold I really think it was the best form of money before bitcoin appeared, so if you want to rely on the long history of gold been able to protect you from a financial crisis by all means do it, very few people are using any kind of investment to try to protect themselves from the crisis that is coming, and you are correct when you say that we do not know how bitcoin is going to react when that happens but taking into account its characteristics I think it will have a similar reaction to what we have seen historically with gold.

[Lizzylove1]

Both Gold and bitcoin are good to hold for the future. While bitcoin will give a higher and a quicker ROI, and with a very high volatility. But the gold has more price stability. To be safe, just diversify your investment.

[qiman]

I would hold a basket of assets, if I had the ability too and of course gold would certainly be in my portfolio. Silver is also going to be another good asset to hold as well and could be the cheaper option for those who cannot hoard hoards of gold. Bitcoin is great as well as you can start with very small amounts, depending on the size of your pocket. For now we trade more with my Wife so we can hedge against inflation and also the volatility of gold and bitcoin prices in general and the devaluation of FIAT. I THINK RIGHT NOW IT IS THE ONLY WAY TO STAY AHEAD OF THE GAME, TO KEEP MAKING AND TAKING PROFITS. We learned this great lesson the hard way, after we lost all we made in 2015-2018 in the bear market.

[FaithInCrypto]

If you can afford both, then it is good to have both.
But if I were to choose one I'd probably choose gold. Why? because its value is more stable than Bitcoin and I can use it since you can have it as your jewelry.

[barabarian1]

yes i think the world is indeed heading for a global recession. because I think the state of some countries in the world is experiencing economic slowdown. and I think this economic slowdown is happening because there is a trade war between the United States and China.
therefore we must prepare ourselves to face recession. by storing some of our savings into bitcoin and gold. I can't choose between gold and bitcoin because I like and have both. I use bitcoin to invest and when I later benefit from the sale of bitcoin, I will use some of the profits to buy gold.

[smartbitcoininvestor]

Both. Definitely both. To diversify your portfolio you will want to hold as many alternative assets as possible.

Plus, you can actually exchange between the two of them with a Vaultoro holding (learn more).

[Savemore]

I would hold a basket of assets, if I had the ability too and of course gold would certainly be in my portfolio. Silver is also going to be another good asset to hold as well and could be the cheaper option for those who cannot hoard hoards of gold. Bitcoin is great as well as you can start with very small amounts, depending on the size of your pocket. For now we trade more with my Wife so we can hedge against inflation and also the volatility of gold and bitcoin prices in general and the devaluation of FIAT. I THINK RIGHT NOW IT IS THE ONLY WAY TO STAY AHEAD OF THE GAME, TO KEEP MAKING AND TAKING PROFITS. We learned this great lesson the hard way, after we lost all we made in 2015-2018 in the bear market.

In terms of recession, it is good to accumulate assets and it is by buying gold. Bitcoin is also a asset but it is speculative asset. I prefer gold in terms of recession because it is a safe investment that you can do to survive to avoid the next recession. There are many assets vehicle that you should invest like the real estate and also in the stock market.

[bettercrypto]

Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.

You can't invest in bitcoin because it might lose your asset. A lot of people might move out their investment to prepare for a crisis. Gold will go down as well because the demand for gold will move down due to the recession. Therefore, there is no good option between the two when there is a recession. Paper money might also lose its value because inflation is part of depression in economy.
However, you can buy both when you think the price will grow again.

[AliMan]

I would hold a basket of assets, if I had the ability too and of course gold would certainly be in my portfolio. Silver is also going to be another good asset to hold as well and could be the cheaper option for those who cannot hoard hoards of gold. Bitcoin is great as well as you can start with very small amounts, depending on the size of your pocket. For now we trade more with my Wife so we can hedge against inflation and also the volatility of gold and bitcoin prices in general and the devaluation of FIAT. I THINK RIGHT NOW IT IS THE ONLY WAY TO STAY AHEAD OF THE GAME, TO KEEP MAKING AND TAKING PROFITS. We learned this great lesson the hard way, after we lost all we made in 2015-2018 in the bear market.

In terms of recession, it is good to accumulate assets and it is by buying gold. Bitcoin is also a asset but it is speculative asset. I prefer gold in terms of recession because it is a safe investment that you can do to survive to avoid the next recession. There are many assets vehicle that you should invest like the real estate and also in the stock market.

Gold as physical asset would be a good diversions of our investments while bitcoin was still at recession. With that ways, you can both manage your digital and physical asset to which of them will gain much better. In any situations you will be benefited each and every holdings you had brought up. That wouldn't be worthless, at least you knew where your funds was accumulated.

[Wintersoldier]

Gold as physical asset would be a good diversions of our investments while bitcoin was still at recession. With that ways, you can both manage your digital and physical asset to which of them will gain much better. In any situations you will be benefited each and every holdings you had brought up. That wouldn't be worthless, at least you knew where your funds was accumulated.

It feels like you put yourself at a safe situation to invest by both gold an bitcoin at the place. For me, one advantage of this is to make sure that if bitcoin loses its market price, you still have funds that is invested in gold. What would be a better idea is to balance the investment in a sense that when bitcoins price is getting low, then sell some of the gold you have to accumulate more bitcoins, and then vise versa, but the only hard decision you could do is to choose which investment is your main and the backup. It is like utilizing bitcoin and stable coins hand in hand.

[Bonenx14]

Gold as physical asset would be a good diversions of our investments while bitcoin was still at recession. With that ways, you can both manage your digital and physical asset to which of them will gain much better. In any situations you will be benefited each and every holdings you had brought up. That wouldn't be worthless, at least you knew where your funds was accumulated.

It feels like you put yourself at a safe situation to invest by both gold an bitcoin at the place. For me, one advantage of this is to make sure that if bitcoin loses its market price, you still have funds that is invested in gold. What would be a better idea is to balance the investment in a sense that when bitcoins price is getting low, then sell some of the gold you have to accumulate more bitcoins, and then vise versa, but the only hard decision you could do is to choose which investment is your main and the backup. It is like utilizing bitcoin and stable coins hand in hand.

both do have good potential for investment, but maybe the difference is only in price and investment risk. the most important thing is we can understand the concept of investment, so I think the benefits will come, because an investor's ability is needed for investment

[yulionoo]

when there is a global recession some countries will experience a crisis. and usually when a crisis occurs, the value of fiat money will fall. therefore we must have a good store of value that can be relied upon during a crisis and I chose bitcoin. bitcoin has been proven to save people from inflation during a crisis like what happened in venezuela most of its citizens currently use bitcoin to survive. gold is also good for storing value but I prefer bitcoin because bitcoin can provide huge benefits when bitcoin is pumping.

[kotajikikox]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

i have been buying Gold since college(same as silver) and i found a lower chance of profit from this investing compared to what i have got in crypto back then in 2017 so for me?recession will never hinder me from buying Bitcoin again and again and Gold will be remain as my accessories than investments.
so in this case?and with the response of community?still bitcoin is the choice of many.

[Linkkoin]

i have been buying Gold since college(same as silver) and i found a lower chance of profit from this investing compared to what i have got in crypto back then in 2017 so for me?recession will never hinder me from buying Bitcoin again and again and Gold will be remain as my accessories than investments.
so in this case?and with the response of community?still bitcoin is the choice of many.

Another thing is that in most countries you cannot just go and buy a gold bar to store it safely. Just golden jewelry, coins or papers proving the ownership of some gold stored somewhere. With BTC, you can store it with yourself. You can make a cold wallet and hide it from anyone, including authorities.
As well, in case of crisis, robber can steal your physical gold. Yet (unless they are well informed by someone) they will not steal your cold wallet (or will not get access to your hardware wallet), because they will not be aware of what is it.

[cryp24x]

Can I choose both? I guess if I want a stable one who can guarantee security I will choose Gold but if I want a tremendous change of price up to 1500% then I will choose Bitcoin (but it can also fall on to its lowest price). I should put my money on something that will guarantee security and to something that will somehow make me rich.

[fullhdpixel]

People should make use of what they feel is much better and safer option for them. If you check and compare the graphs you will notice that Gold's price increase has been nearly uninterrupted, but Bitcoin has been falling heavily. A lot of people that pulled their money out from Bitcoin invested in stable coins like Tether to save their value and formulate new plans for going on Bitcoin for a longer term.

Anyone that wants to invest in Bitcoin should always have a good plan because Bitcoin is volatile and everything can spiral back down and you end up losing a huge percentage of your investment. If you invest at the right time you wouldn't really have to worry much. Gold is for those that doesn't even want to stress themselves about volatile market price.

[makolz26]

Can I choose both? I guess if I want a stable one who can guarantee security I will choose Gold but if I want a tremendous change of price up to 1500% then I will choose Bitcoin (but it can also fall on to its lowest price). I should put my money on something that will guarantee security and to something that will somehow make me rich.

As much as possible I would really choose both of them, because for sure their price in that time will be more cheap too, but it really depends on the value of our money too, we don't know if our money will become worthless too just like what happened to Venezuela, so it's hard to know at the moment, but if possible, will invest in both.

[South Park]

i have been buying Gold since college(same as silver) and i found a lower chance of profit from this investing compared to what i have got in crypto back then in 2017 so for me?recession will never hinder me from buying Bitcoin again and again and Gold will be remain as my accessories than investments.
so in this case?and with the response of community?still bitcoin is the choice of many.

Another thing is that in most countries you cannot just go and buy a gold bar to store it safely. Just golden jewelry, coins or papers proving the ownership of some gold stored somewhere. With BTC, you can store it with yourself. You can make a cold wallet and hide it from anyone, including authorities.
As well, in case of crisis, robber can steal your physical gold. Yet (unless they are well informed by someone) they will not steal your cold wallet (or will not get access to your hardware wallet), because they will not be aware of what is it.

That is definitely a huge problem for gold, when it comes to bitcoin you do not even need to have a paper wallet which a smart thief could steal from you, if you can memorize your seed words then you always have your bitcoin with you but there is no evidence at all in any piece of paper or electronic device that you are in fact holding bitcoin, and that is something that gold will never be able to do and it is a great advantage in the case of an economic crisis.

[MajorMiner]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

You can not go wrong investing in ammo 

[salty]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

The fact is that it is absolutely unknown how this recession will pass.If it is too hard, it is possible that cryptocurrencies will have a chance, although I do not really believe in it.In fact, cryptocurrencies are a panacea for the world economy,but it is difficult to say which way the pendulum will swing.

[Duzter]

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/


Thoughts?


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

The fact is that it is absolutely unknown how this recession will pass.If it is too hard, it is possible that cryptocurrencies will have a chance, although I do not really believe in it.In fact, cryptocurrencies are a panacea for the world economy,but it is difficult to say which way the pendulum will swing.

The majority chance is much associated with gold than bitcoin. Maybe in few years of time this scenario might change, because right now the contribution of bitcoin to the economy is very small. During the past time of recession the economy gets recovered out of the strategy and planning made by the governments.

[Yatsan]

i have been buying Gold since college(same as silver) and i found a lower chance of profit from this investing compared to what i have got in crypto back then in 2017 so for me?recession will never hinder me from buying Bitcoin again and again and Gold will be remain as my accessories than investments.
so in this case?and with the response of community?still bitcoin is the choice of many.

Another thing is that in most countries you cannot just go and buy a gold bar to store it safely. Just golden jewelry, coins or papers proving the ownership of some gold stored somewhere. With BTC, you can store it with yourself. You can make a cold wallet and hide it from anyone, including authorities.
As well, in case of crisis, robber can steal your physical gold. Yet (unless they are well informed by someone) they will not steal your cold wallet (or will not get access to your hardware wallet), because they will not be aware of what is it.

That is definitely a huge problem for gold, when it comes to bitcoin you do not even need to have a paper wallet which a smart thief could steal from you, if you can memorize your seed words then you always have your bitcoin with you but there is no evidence at all in any piece of paper or electronic device that you are in fact holding bitcoin, and that is something that gold will never be able to do and it is a great advantage in the case of an economic crisis.

Bitcoin as new economic class is a great escape from economic crisis however Gold out-scale bitcoin on this aspect. Why? because gold's value is not dependent on demand and supply but on its metal properties found in it which is not common in any other metal, moreover gold is beneficial than fiat currency which can be easily devalue when crisis comes because it has no intrinsic value but only mandated value and belief on what it is going to have equivalent with. Bitcoin on the other hand contains too much volatility and even if people chooses it there is no guarantee that it will save them from crisis.

[znation]

Personally, I would buy both, it's a rule never to put many eggs in one basket. Know the division so that we can capture from Bitcoin and gold, many people will think that there will be a recession in the near future, I think it is very likely, please be psychologically prepared when it comes. .

[Capt00]

Personally, I would buy both, it's a rule never to put many eggs in one basket. Know the division so that we can capture from Bitcoin and gold, many people will think that there will be a recession in the near future, I think it is very likely, please be psychologically prepared when it comes. .

That it makes sense mate. That is we should have to think of, and getting prepared is somewhat forgotten by newcomers. We could expect market recession anytime but if we already been prepared for this,  nothing to have a problem.
And I agree with you, both of them are the potential market gainer, why not having them if we have enough money to risk.

[Wintersoldier]

Can I choose both? I guess if I want a stable one who can guarantee security I will choose Gold but if I want a tremendous change of price up to 1500% then I will choose Bitcoin (but it can also fall on to its lowest price). I should put my money on something that will guarantee security and to something that will somehow make me rich.

I think in a world with a recession is happening I don't think that we should focus still on investment, because the issue now is having the best currency that could basically replace the fiats so people could have something to trade and could still accumulate their needs to live. In this case, both gold and bitcoin is needed but not the profits that we could get from investment and there we could experience pure trading of these investment platforms.

[alyssa85]

Germans are currently queuing to buy gold according to the following tweet:

https://twitter.com/PopescuCo/status/1209559269382787072

Germans are queuing at Degussa store to buy #gold in Köln. From Jan. 1, 2020, the limit to buy gold anonymously drops from €10,000 down to €2,000. Only two years ago the limit was €15,000.

I'd say this is the reason we've been seeing the price of gold tick up in the last month (approaching $1500). It's because people are trying to front run the restrictions.

[johnwest]

I think the recession is already started, people are buying gold like anything. The recession this time will definitely hit harder and USD will be at the edge of the cliff. Who knows what will happen, BTC may become a solution for many of the things and may become a savior.

[pawanjain]

If we are talking about recession here then a wise person would be the one who holds both of them.
Bitcoin serves the need as a currency and establishes a peer to peer payment method which is very much needed if you don't trust banks.
Gold on the other hand is a physical asset and can save you from a recession.
So holding both of them would be a better choice.

[South Park]

That is definitely a huge problem for gold, when it comes to bitcoin you do not even need to have a paper wallet which a smart thief could steal from you, if you can memorize your seed words then you always have your bitcoin with you but there is no evidence at all in any piece of paper or electronic device that you are in fact holding bitcoin, and that is something that gold will never be able to do and it is a great advantage in the case of an economic crisis.

Bitcoin as new economic class is a great escape from economic crisis however Gold out-scale bitcoin on this aspect. Why? because gold's value is not dependent on demand and supply but on its metal properties found in it which is not common in any other metal, moreover gold is beneficial than fiat currency which can be easily devalue when crisis comes because it has no intrinsic value but only mandated value and belief on what it is going to have equivalent with. Bitcoin on the other hand contains too much volatility and even if people chooses it there is no guarantee that it will save them from crisis.

The value of everything is based on the law of supply and demand, on the supply side gold is valuable because it is very scarce and you cannot counterfeit it since it is an element found in nature, on the demand side the properties of gold made it until recently the best possible form of money and it was used for thousands of years for this purpose, all of this changed with bitcoin since in my opinion it is many times better than gold, however if your main purpose in the next recession is to protect your capital then I agree that gold is the best choice but I prefer to take my chances with bitcoin and its volatility.

[MarioV]

Good question. Taking for granted that the recession is certain, as I think, the right method would always be to diversify investments: both one and the other.
The problem is always the same, at the start: having money to invest, given that we are becoming increasingly poor.

[South Park]

Good question. Taking for granted that the recession is certain, as I think, the right method would always be to diversify investments: both one and the other.
The problem is always the same, at the start: having money to invest, given that we are becoming increasingly poor.

We do not know when it will happen but a recession will happen at some point in time, and this is what bothers me from the majority of the people, they are historically aware that there are times in which the economy does not perform well since they have lived through those years but when you ask them what are they doing to protect themselves when the next one happens? They look at you as if you are the one that does not know what you are talking about, they always believe that this time is different and that the economists have finally figured out how to avoid a recession only to be proven wrong and suffer the consequences of yet another recession.

[universe_]

I accept that there is a recession going on. Events are about to collapse, primarily due to the housing industry. Many are unable to pay their rent and end up being taken away from their homes. Most people in the United States are one step away from homelessness and this, one way or another, will have its toll on the economy of the country. Once this happens, the crisis will spread to other countries like flames, and you can't do anything about it. Historically, this is accounted for as economic cycles, which can go from seven to fifty years, a capitalist set up to maintain power with the wealthy.

[purebitco]

I wouldn't be involved in either if I went through a recession, and so would be a lot of other investors. I believe there is an economic slowdown in a recession, which means companies are looking for cash, and workers are being laid off. For companies and people seeking to sell off assets to pay bills, that's a boatload. You are not allowed to eat gold or tokens. Basically, this means the gold price is falling and so is Bitcoin. I would be interested in passive income to plan for a recession, which I think would weather well in those times; something that gives me what I need to keep my family afloat.

[Linkkoin]

I wouldn't be involved in either if I went through a recession, and so would be a lot of other investors. I believe there is an economic slowdown in a recession, which means companies are looking for cash, and workers are being laid off. For companies and people seeking to sell off assets to pay bills, that's a boatload. You are not allowed to eat gold or tokens. Basically, this means the gold price is falling and so is Bitcoin. I would be interested in passive income to plan for a recession, which I think would weather well in those times; something that gives me what I need to keep my family afloat.

This is a difference between a small individual investor and regular investor. Individuals in crisis spend their savings/sell investments to survive, regular investors (if selecting the right asset) buy at "discount price". And many of the investors seeing/expecting huge losses switch some of their portfolios content from stocks to "safe haven" assets like precious metals or (this still needs to be proven, as BTC came into existence after the last financial crisis) Bitcoin.

[Linkkoin]

I agree to this. Gold has the ability to maintain its value or even exceeded its current valu.

But in most countries, unless we are speaking about golden coins, you do not buy gold. You simply buy a paper declaring that you are an owner of some gold stored somewhere (and that you own eg. 10 oz. of gold in 12 kg bar stored 2000 miles away from you).
So then in practice, it is less physical in form than your BTC stored on hardware/cold wallet at home.

[South Park]

I wouldn't be involved in either if I went through a recession, and so would be a lot of other investors. I believe there is an economic slowdown in a recession, which means companies are looking for cash, and workers are being laid off. For companies and people seeking to sell off assets to pay bills, that's a boatload. You are not allowed to eat gold or tokens. Basically, this means the gold price is falling and so is Bitcoin. I would be interested in passive income to plan for a recession, which I think would weather well in those times; something that gives me what I need to keep my family afloat.

If you are trying to buy gold or any safe haven asset when the recession is taking place then it is already too late, the purpose of getting gold under that scenario is to sell it for an higher price than what you bought it and then use that extra money to buy assets that are in a fire sale, this way you can get very good assets at low prices that under normal circumstances will be unthinkable to get at that price, then you just wait for the recession to end and enjoy your easy profits.

[DreamStage]

Due to recent attacks we are already seeing who's winning in tradings.

Bitcoin has reached new all time highs within a 3 month period where Gold has increased way lesser.

We were also speculating and expecting Bitcoin to achieve such values.

Therefore when preparing for a recession it's surely to go for Bitcoin as people tend to use it for more saferguarding.

[atjiat]

I'm pretty sure that Bitcoin is still better investment than gold. Why? Because Bitcoin and blockchain technology is still the future of all currencies while gold is more "present" and it could be less valuable soon. I recommend to check this great article about this Bitcoin vs Gold topic.

When discussing the withdrawal of Bitcoin or gold, you should take into account the fact that this topic is primarily discussed in terms of the benefits of investing in Bitcoin and gold, and what kind of profit the investor will receive at a certain time.  But if you take into account the fact that it is more valuable and stable today, then gold will be out of competition.  after all, someone can be more calm when he has a kilogram of gold in his pocket, and not just one bitcoin, which, perhaps in 10 or 20 years, will have a price of 50 or 100,000 dollars.

[takingthis4]

Gold is the right choice for dealing with a recession, with low volume. Also, Bitcoin has a very strong chance if investors can take the right opportunities, even if the volumes are high. So, if you can still take advantage of both, then pick one. After all, there are many things that are unpredictable, of course if we put all the eggs in one basket, the risk is higher.

[X-ray]

Due to recent attacks we are already seeing who's winning in tradings.

Bitcoin has reached new all time highs within a 3 month period where Gold has increased way lesser.

We were also speculating and expecting Bitcoin to achieve such values.

Therefore when preparing for a recession it's surely to go for Bitcoin as people tend to use it for more saferguarding.

To quickly achieve that much of increase and ATH it does pose the risk of being dumped as quick as that aswell, the recession could also stimulate it to be even worse than it's 2017 ago. I honestly won't risk using bitcoin at recession because I don't exactly know what will happen if the recession really happening and prefer to stick with gold. maybe i'm afraid of nothing but atleast that's the best decision for myself.