Preparing for a recession... Gold or Bitcoin?

[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.

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[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.