Preparing for a recession... Gold or Bitcoin?

[quisten]

Bitcoin is the future, so it can not beat gold in this age.
The illiteracy will provide service and take gold as salary, bitcoin won't work.

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[alyssa85]

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.

Bitcoin is an uncorrelated asset.

But I do think it might get affected in a recession because people tend to sell assets in hard times to pay their bills. So we might see a wave of people selling their bitcoin savings if they lose their job for instance.

[loveyou30692]

Everything is only predict and I don't think the recession incoming. Both (Gold and Bitcoin) will be make change the world economy in the near future!

[Timzim103]

If I were struggling through a recession, I would be interested in neither, and so would a lot of other investors.

I'm thinking that a recession involves an economic slowdown which means companies are looking for cash, and employees are getting laid off. That's a boatload if entities and people looking to sell off investments to pay bills. You can't eat gold nor tokens. Eventually, that means the price of gold drops and so does Bitcoin.

To prepare for a recession, I'd be vested in passive income that I think would weather well in those times; something that gives me what I need to keep my family afloat. If I succeed at that, a recession might actually be the cue to buy Bitcoin curiously enough. But I wouldn't be buying gold or Bitcoin to "prepare" for a recession, goodness no.

[bitcoin-shark]

I don't know if I had some fiat, perhaps i would invest in gold or real estate that have small but safe growth over time, i believe that for now the only thing that goes well is fast financial speculation and not a long-term investment, they are too unstable as a value...

[KnightElite]

The next financial crisis is waving to us. The banking system will be crashed again. Investing in both gold and bitcoin can help us to avoid the recession. Focus also in investment thay can give us passive income. Financial illeterate person cannot avoid financial crisis and they can get stuck to it. That's why we need to learn how we will become financial literate.

[Diamond_Darrell]

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.

Bitcoin has recently taken its place in the financial system. And in such a short period of time he held three bubbles. His time has not come yet))) For comparison, credit swaps appeared in 1994 and 14 years passed before the crisis of 2008. Since 2009, only 10 years have passed, we have four more years left))))

[South Park]

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.

Investing in both them is a good idea, many may think that bitcoin and gold are somehow enemies but they are not in fact they can complement each other very well, if you have both in the case of an economic crisis you can be sure that many people will accept gold as people have been doing for thousands of years, so you have an asset that is very easy to exchange, but the rest of your money should be in bitcoin which no doubt at that time will be growing like no other asset in the world.

[Wendigo]

Gold all the way. Gold is timeless.

[seoincorporation]

I think Bitcoin is a better financial tool to get ready for a recession because it volatility can make your inversion grows much bigger than gold. People think gold is a secure way to invest, but their low risk doesn't let their value goes to the moon.

That's why i think bitcoin is the way to go.

[pixie85]

Gold all the way. Gold is timeless.

It used to be popular but all things come to an end.

Gold is timeless but will it be worth as much 20 years from now as it is now? It's enough for it to lose 20% and you will be in trouble and it can lose 10% in 10 years. Bitcoin could gain 1000% in 10 years.

My choice will always be bitcoin. I don't even own gold. You can buy fake one with tungsten so it's risky and Bitcoin is always genuine.

[AliMan]

Gold all the way. Gold is timeless.

It used to be popular but all things come to an end.

Gold is timeless but will it be worth as much 20 years from now as it is now? It's enough for it to lose 20% and you will be in trouble and it can lose 10% in 10 years. Bitcoin could gain 1000% in 10 years.

My choice will always be bitcoin. I don't even own gold. You can buy fake one with tungsten so it's risky and Bitcoin is always genuine.

Bitcoin can't br faked because it's a digital asset, and unlike as what you said gold can be manipulated with any material elements. Some of them were plated and when you wanted it to be legit, that will cost you very expensive. Comparing it with bitcoin, you can purchase with small amounts, but with gold it's only limited due to availability on of the market supply.
When bitcoin increased amazingly, you can even twice or ten folds your holdings once it spikes rapidly.

[yohananaomi]

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 difference between bitcoin and gold clearly makes the difference very clearly, if there is a recess even the influence with gold can clearly be directly related but with bitcoin because it is different and will not affect directly.
but if you want to take a smaller risk of course the choice falls on gold and not with bitcoin. bitcoin is the safest and most profitable of any size compared to gold.

[Mammothcoin]

Bitcoin has never experienced any recession before so its unlikely to predict how Bitcoin will react in the eventuality of a recession. I do believe that the perceived impending receesion could positively affect Bitcoin. Regardless though, I'd still go with bitcoin, why? The growth potential that exists with Bitcoin is unrivalled, even by gold.

[Velkro]

Preparing for a recession... Gold or Bitcoin?

Of course Bitcoin. Harder question would be in times of war (especially world war 3) what you would choose, bitcoin or gold?
With gold you could buy food and with Bitcoin? Only in countries not involved in war.

[dimox]

if you believe on bitcoin, just buy it. but if you believe on gold than bitcoin, just buy it. the decision depend on how much you trust on something like this stuff. for me, gold is good for your future and next generation.

[ntsdm1]

I think that those who have fiat money should diversify to 50% in both gold and bitcoin, according to good practice.

Good solution.Paper money is about to cease to have any value.And the time will come for gold and bitcoin.And it is these assets and need to stock up.

[BChydro]

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. 

If there is a global financial crises what do you think the money comes from to invest in the market, if you think logically all the market should come down and we have not witnessed any recession after the release of bitcoin and hence we can now speculate that the market will not get affected but when it really hits the market then you will feel the pressure the market will be having.

[xiboothrezi]

Gold is the right choice to face a recession, the volume is low. Bitcoin also has a very strong chance if investors are able to take the right opportunities even though the volumes are high. So, why choose one if you can still take advantage of both? after all there are many things that are unpredictable, if we put all the eggs in one basket of course the risk is greater right?

[Edraket31]

Gold is the right choice to face a recession, the volume is low. Bitcoin also has a very strong chance if investors are able to take the right opportunities even though the volumes are high. So, why choose one if you can still take advantage of both? after all there are many things that are unpredictable, if we put all the eggs in one basket of course the risk is greater right?

I would also consider and choose gold over Bitcoin, but still would buy Bitcoin maybe around 20% to Btc and 80% for gold, as gold will for sure fluctuates at that time so it will be a good opportunity for all of us to buy more gold as we know that once the recession is done and market becomes stable for sure that the value of gold will climb high again.