Preparing for a recession... Gold or Bitcoin?

[TitanGEL]

If the financial crisis come, it is better to invest in gold than bitcoins. Maybe the value of the bitcoin will also crash when the recession comes so it is better to buy gold. We are aware to the value of the gold that keep increasing, so it is a good assets that we may buy. We can avoid the recession if we will invest in this kind of assets that are not depreciating.

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[DreamStage]

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.

And what would war change about bitcoin?

If you have a network and you have access to it you can still exchange it from virtual currency to fiat and vice versa.
You could even trade with other people in same country the war is at at exchangers like localbitcoins or talk with them and trade currency virtually and get your fiat face to face if you couldnt access the banks.

[jostorres]

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?

You already know that there is a high risk with holding Bitcoin, and since you're not sure as to whether the price will increase or not at that time, the best thing you can do is to invest in both Bitcoin and gold since gold has less risk. Good thing with Bitcoin is that that time might come and the price will increase due to a high demand. So you never know, that's why it's good to diversify your investment by going for both of them.

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.

Nah you're wrong. Times like that are the reason why you should have your money invested in assets such as gold and Bitcoin to protect worth. During such times the price for these things will be high (I'm not sure about Bitcoin though). So, investing your money is very important.

[shark1006]

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 important to protect money by using other assets. By investing in gold and Bitcoin, we insure ourselves against the loss of fiat value. It’s foolish to expect that gold and bitcoin will grow during the crisis, the most important thing is to survive the recession without losses thanks to these two assets.

What will be better, gold or Bitcoin? The answer - no one knows

[South Park]

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.

When things get really ugly gold begins to behave as a very volatile asset since everyone wants to get some of it and its scarce nature makes impossible to meet the demand, which is something we are very familiar since it happens to bitcoin all the time, so investing in gold is not a bad idea what you do not know is when that will happen and you will have to most likely hold your gold for decades to see any kind of significant result and very few have the patience to do something like that.

[Oneandpure]

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.

When things get really ugly gold begins to behave as a very volatile asset since everyone wants to get some of it and its scarce nature makes impossible to meet the demand, which is something we are very familiar since it happens to bitcoin all the time, so investing in gold is not a bad idea what you do not know is when that will happen and you will have to most likely hold your gold for decades to see any kind of significant result and very few have the patience to do something like that.

With altcoin and bitcoin investment we can get much profit just few time, but investing on gold you have waiting one year to get profit only 5%, by investing with bitcoin just needed one day or shorter to get profit more than 5% but have big risk when investing on crypto, you can lost your money when price down and you can't prediction when price is up or down.

[Bim abk]

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.

When things get really ugly gold begins to behave as a very volatile asset since everyone wants to get some of it and its scarce nature makes impossible to meet the demand, which is something we are very familiar since it happens to bitcoin all the time, so investing in gold is not a bad idea what you do not know is when that will happen and you will have to most likely hold your gold for decades to see any kind of significant result and very few have the patience to do something like that.

because both can be profitable, gold and bitcoin have their respective places in terms of investment. gold may be more stable, so it will be more suitable for the long term, while bitcoin can be used for short-term or long-term investments depending on existing research and conditions

[CodyAlfaridzi]

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'm curious why would you choose gold if the recession is as big as the 2008 crisis?

As for me, no matter how big it is, I still would choose Bitcoin. In fact, I think the bigger the recession the better it is for Bitcoin. Gold is no doubt the best store of value as of now, but I need more than just a store of value. I'm still growing my wealth so taking the risk in Bitcoin with a bigger potential return is acceptable. I'd probably start pouring money into stocks as their price sinking, hoping to make a big return when the bulls come back

[The Sceptical Chymist]

It is important to protect money by using other assets. By investing in gold and Bitcoin, we insure ourselves against the loss of fiat value.

Yes, but in a recession like the one we saw in 2008-2009, fiat didn't lose its value.  A hyperinflation situation is much different than a recession.

So if we're headed toward a recession--and I'm not entirely sure that one is imminent--I'd want to be holding cash instead of either gold or bitcoin (though I wouldn't lose any enthusiasm for bitcoin regardless of the economic situation).  A recession for most people might mean a loss of a job, a home, that kind of thing.  It's important to have a reserve of cash in case you suddenly don't have any income.  Bitcoin isn't really going to help unless you sell it for fiat or can buy things with it.  Right now you can't pay your mortgage or utility bills or most day-to-day expenses with it, so it won't help much. 

And gold?  Unless you've already got enough cash in reserve for an emergency gold is going to do you no good.  A recession doesn't mean there's high inflation, and gold is typically viewed as a hedge against inflation.  I'd also point out that you can't spend gold anywhere.

[Oni Trading]

Hah, you come to the most prominent crypto forum and ask people whether they would hold gold or Bitcoin? Hm......I wonder how many answers will favour gold.

Jokes aside, I have no doubt BTC is the right answer. Halving, fungibility, limited numbers, nascent industries, decentralised.

Definitely BTC!

[Hypnosis00]

The situation might be harsh and really difficult but people aren't shaken enough to think that Bitcoin will totally vanish which will give worries. But it won't and people are still believing that Bitcoin would still survive and bring back to its position wherever the people are expecting to happen. Ain't no wonder that almost all of us here will choose Bitcoin because they know exactly the capability of bitcoin has.

[smartbitcoininvestor]

Hold both. In fact, any type of alternative asset will work as a hedge against a recession.

Consider moving your existing 401k or IRA into a self-directed IRA account.

[Asuspawer09]

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 2008 one (which, to me, was a depression). Hence I'll stick with Bitcoin for now.

Both of this two are the best investment. Still, for a more long term investment I think gold was the more substantial since gold is undoubtedly going to give you profit for a long term investment in the market,
this discussion was already discussed in the past years and as we all know we don't know if bitcoin was still around after 10 or 20 years but for sure gold would always be around. The supply was limited since it was a natural resource surely gold was better in long term investment. It depends on the situation in what was the most profitable.

[cutesgirl]

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?

Gold give us less risk with impossible price of gold down but many people want to get much profit faster with their investment, maybe needed short time to get much profit by investing with bitcoin and altcoin, if some one dislike with big risk and big result will invest with gold and just brave mind want to invest with bitcoin or altcoin because have profitable and give much profit for investing.

[DevilSlayer]

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?

Gold give us less risk with impossible price of gold down but many people want to get much profit faster with their investment, maybe needed short time to get much profit by investing with bitcoin and altcoin, if some one dislike with big risk and big result will invest with gold and just brave mind want to invest with bitcoin or altcoin because have profitable and give much profit for investing.

I'm a big fan of bitcoin but if I will choose what type of investment that I will choose in terms of recession, I will choose gold than bitcoin. If the financial crisis happen, the stock market will crashed and there is a possibility that the cryptocurrency market will also crashed and there will be effect to the price of bitcoin. Gold is a good investment and it can help us to prepare to recession.

[Argoo]

There are a lot of ways to avoid strong inflation during the next global financial crisis. This is not just a purchase of gold or bitcoins. It can be land, houses and other real estate, antiques, jewelry and much more. Among these measures, buying bitcoin is probably not the best solution because of its high price volatility. Yes, for these ten years, bitcoin can be considered to be constantly growing in price. However, there is no certainty that this will continue to happen. But what if it drops in price to the level of the rest of the cryptocurrency? Therefore, you need to use several options for protection against inflation at once and Bitcoin can be one of them.

[RooseveltOah]

I think in a recession Bitcoin will be a genuinely hopeless 'safe harbour'.

Most people will run for the exits faster than their little feet can carry them. Of course the true believers won't but they're rather heavily outnumbered.

But I doubt we've seen an end to the financial tricks played to keep the plates spinning. If Bitcoin keeps going for a few more years of relative peace its perception may change and be in a stronger position when it happens.

As for USD dying, we've only been hearing that for the last 4-5 decades yet there it still is.

I don’t believe we’ve seen Bitcoin in a real recession, hence I don’t believe conclusions can be drawn here, on the other hand gold has a history being a safe haven for recession, in which negatively correlates with USD, of course things have changed a bit, but I wouldn’t rely solely on Bitcoin during a recession however promising this new class of asset is.

[Cacingkemi]

if I have enough money then I will choose both because gold and bitcoin both must have a good future to be used as an investment asset, but of course both have advantages and disadvantages of each we need to consider

[South Park]

if I have enough money then I will choose both because gold and bitcoin both must have a good future to be used as an investment asset, but of course both have advantages and disadvantages of each we need to consider

In the case that the next economic crisis only brings a recession it is probably better to hold bitcoin than to hold gold, gold performs at its best when the fiat currency created by the government is not doing well and a recession does not guarantee that we are going to see any kind of collapse in the fiat system currently in place, so out of those two bitcoin seems to be the best option but that is only true if you are capable of holding your coins for long enough to see that recession.

[mintme.com]

I think you should diversify your portfolio even more than just bitcoin and gold, it might be simply not enough.