Preparing for a recession... Gold or Bitcoin?

[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.

[1714029368]

1714029368

[1714029368]

1714029368

[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.