Preparing for a recession... Gold or Bitcoin?

[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