Preparing for a recession... Gold or Bitcoin?

[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

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[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.