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Author Topic: Preparing for a recession... Gold or Bitcoin?  (Read 1265 times)
South Park
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December 10, 2019, 07:19:21 PM
 #141

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.



.
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[15.00000000 BTC]


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December 10, 2019, 07:39:53 PM
 #142

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

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December 10, 2019, 07:57:45 PM
 #143

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.

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December 14, 2019, 05:58:08 PM
 #144

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.



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December 15, 2019, 01:28:38 AM
 #145

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.
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December 15, 2019, 06:08:39 PM
 #146

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.

 
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December 19, 2019, 07:35:24 PM
 #147

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.



.
.BIG WINNER!.
[15.00000000 BTC]


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December 19, 2019, 07:49:25 PM
 #148

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.
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December 19, 2019, 08:51:13 PM
 #149

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.


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December 19, 2019, 10:10:31 PM
 #150

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.

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December 20, 2019, 02:38:50 AM
 #151

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.

 
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December 20, 2019, 03:10:46 AM
 #152

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).

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December 20, 2019, 05:58:07 AM
 #153

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.
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December 20, 2019, 09:28:07 AM
 #154

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.
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December 20, 2019, 09:53:35 AM
 #155

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.

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December 20, 2019, 10:27:37 AM
 #156

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.

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December 20, 2019, 11:11:24 AM
 #157

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

 
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December 20, 2019, 11:13:34 AM
 #158

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.

 
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December 20, 2019, 11:15:25 AM
 #159

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.

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December 20, 2019, 11:59:40 AM
 #160


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.


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