The Reason Bitcoin Investment will be preferred more than Oil

[palle11]

I would prefer to invest in bitcoin than oil because of certain reasons and facts: Here

Amongst other things, bitcoin is a new generation innovation whilst the world is moving forward and not backwards. It is going digital and bitcoin is already well designed to take up the challenges of futuristic busy financial system that fiat can't handle.

To buttress the point more that bitcoin will be preferred in the future, we need to see the below headline



The below are more
Excerpts from the cars already made using electricity





Read here

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[jinxing]

I can only infer the reason why Bitcoin's investment is preferred than oil, because Bitcoin is commonly used by everyone so anyone can invest in it, in other words people who can use their Internet can easily get involved in investing in Bitcoin. While oil investments can only be felt by businessmen and everyone can not easily invest in it.

[palle11]

While oil investments can only be felt by businessmen and everyone can not easily invest in it.

You are still inferring that very few are using it and are goyto be using it and bitcoin will grow more by the facts listed above.

And as to the oil use also the second part of the post is saying electric cars will eventually put the oil usage to limited use at least.

[ilovealtcoins]

The first reason that comes to mind first is that Bitcoin storage is very cheap, almost free, but for oil, it takes a lot of storage.
Bitcoin can be held for a long time but not for oil because the cost of storage and warehousing will swallow all profits and the risk of loss from investing in oil is higher if the world demand for oil decreases. We learned our lesson when oil prices went negative in April 2020.

[noorammak]

People prefer Bitcoin because of its increase in value after each cycle and its storage on the internet space and hardware wallets.
Investing in oil becomes more difficult to make a profit as the world moves to more electric power, clean energy, and the cost of storing oil becomes more expensive.

[The Sceptical Chymist]

It is going digital and bitcoin is already well designed to take up the challenges of futuristic busy financial system that fiat can't handle.

I'm not sure what you mean about fiat not being able to handle the "futuristic busy financial system" since fiat has pretty much defined said financial system since the beginning.  And frankly I'm not sure what crypto is going to contribute to the monetary system aside from a means to make some people rich.  Certainly people aren't spending it as if it were a replacement for fiat.

OP, I assume you're a typical individual investor, and such small investors generally don't trade oil futures unless they're really passionate about commodities--so I doubt you'd be investing in oil anyway.  But you're right; bitcoin is probably a much better investment than oil is, especially for the long term.  The world has got to start moving away from using fossil fuel at some point, and I think that point is rapidly approaching. 

My next car is definitely going to be an electric one, by the way.  Perhaps I'd better start stacking doge for that Tesla I've got my eye on.  Lol.  Elon Musk will probably have changed his mind about doge by the time I had enough saved to buy it.

[fiulpro]

Futuristic means getting everyone along and working with each and every individual. Considering the people who are unable to :
1. Use cryptocurrencies
2. Have no basic knowledge about using mobile phones
3. Have never owned one or might have a much simpler one
4. Are not equipped with electricity or even basic housing needs
5. Very old/ very young
I do think that fiat system is round about the basic thing that we would need even in the near future. I do trust that fiat can handle but investments are different which are way more efficient in cryptocurrencies for sure.

[kpierce77]

In order to get faster profits, that is a good reason to prefer bitcoin or crypto over oil. besides oil is also a little "less" environmentally friendly. and a lot of people will start switching to other businesses (even if it's difficult). we can see like an electric car with energy that is more environmentally friendly and also efficient

[mojun7982]

In order to get faster profits, that is a good reason to prefer bitcoin or crypto over oil. besides oil is also a little "less" environmentally friendly. and a lot of people will start switching to other businesses (even if it's difficult). we can see like an electric car with energy that is more environmentally friendly and also efficient

Crypto has so many advantages that you can't compare the two. You can't take your oil with you and use it for something else that you wish but you can do that with your crypto. You can enter a plane and just take your crypto with you. You can use it to buy stuff and you actually own it, you are the possessor.

[passwordnow]

I'll simply choose bitcoin than oil because I know more and understands more bitcoin than oil. But there will be those people and businesses that would prefer to stay with oil, the reason is just the same as mine. It is because they understand more about oil and they already know the movement of it just like how we've experienced a lot of corrections and bull runs too.

[teosanru]

Come on it's 2021 everyone very well knows this fact that you are posting. Everyone knows that we are sitting on the last piles of OIL and EV technology is growing so rapidly that almost every car in the next 20 years might be EV. Moreover, there are a lot of conspiracy theories around the fact that how big oil cartels have restricted publicizing of many renewable sources of fuel which should have been available until now. So telling bitcoin is a better investment than OIL is a dated fact now. Yes one thing you can say is while countries having OIL were once considered to be flourished, now the countries which are able to scale up blockchain and data processing could be flourished. But yes one rule of economics here is that demand for next 10 years is still going to be high while supply finishes so you might see OIL competing nicely to bitcoin for this years but after that it's obvious that oil is dead.

[Theb]

I believe Bitcoin or Cryptocurrency in general being a more "preferred" option as an investment is more than about other kinds assets underperforming or even comparisons of it against gold and other fiat. Cryptocurrency as a investment will most likely end up in the choosing of how the investors itself see/decide on where their valuable money will go, take South Korea as an example where their country right now has more trading volume on their crypto exchanges compared to their own stock market showing that their own citizens are more interested in fast moving assets and are more risk takers compared to others. If this will be a thing I think this will be the reason on the change in preference of a lot of people on what investment they are going to take.

[Princejebs]

I would argue but not technically but with what I have seen so far in oil industry and crypto space.
Oil is something that's generally used across different nation for different purposes. Oil is recognised and officially used though their impact on pollution is the major problem that's why many countries are trying to eradicate Fossil Fuels though the money that has been generated in oil industry is very huge compared to crypto gains so far.
Cryptocurrency on the other hand are still having difficulty for general acceptance across the continent and taking about pollution, electricity is the major problem for mining and securing the network except the ones that has been on on proof of stakes.

[jaysabi]

I can only infer the reason why Bitcoin's investment is preferred than oil, because Bitcoin is commonly used by everyone so anyone can invest in it, in other words people who can use their Internet can easily get involved in investing in Bitcoin. While oil investments can only be felt by businessmen and everyone can not easily invest in it.

Literally anyone can invest in oil directly by buying oil contracts. It's not any more difficult than buying bitcoin, you just need a brokerage account. You can also invest in oil indirectly by buying stock in any company that produces oil. And far more people use oil products than bitcoin, it's not even close.

[Kong Hey Pakboy]

I'll simply choose bitcoin than oil because I know more and understands more bitcoin than oil. But there will be those people and businesses that would prefer to stay with oil, the reason is just the same as mine. It is because they understand more about oil and they already know the movement of it just like how we've experienced a lot of corrections and bull runs too.

Not everyone can just get in on oil so of the two choices, it is much better to go for bitcoin because it can be learned and you can get in even with just a small amount of money and regarding the electric being cheap in the future, I hope that it will arrive much faster because fossil fuels continuing to operate is going to be the doom of our climate.

[(o)(o)ilikeboobs(o)(o)]

Investments in oil are only tradable for the short term and are subject to large overnight fees on exchanges. No one can hold an order to buy oil without the cost of storing it in a warehouse.
With Bitcoin, everything is simpler as just buy and store in your online wallet or hardware wallet securely at a very low cost.

The oil demand is decreasing in the future as the world has eliminated the old technologies that consume fossil fuels and replaced them with new types of technologies that use electric power.
Therefore, the possibility of an increase in the price of oil is very low and investors can lose money.
Bitcoin is gaining popularity and is becoming the world's new store of value. History shows that long-term Bitcoin investments bring great returns.

[Sterbens]

it depends on the factors that attract different people. If crypto users, the choice will fall on Bitcoin, but out there those who are already in the world of investing in oil, coal, and even natural gas, gold remains in its position based on the profits.
So, we agree that the investment industry has an equal share of the long-standing interest and sustainability categories. You with comfort, they too.
Our lever is to add cryptocurrency to the world, apart from physical investments, there are also investments that are much cheaper. Anyone can invest in bitcoin even with a capital of under $ 100, but dealing with oil investing with entrepreneurs, I think small capital is difficult to enter.

[palle11]

Come on it's 2021 everyone very well knows this fact that you are posting. Everyone knows that we are sitting on the last piles of OIL and EV technology is growing so rapidly that almost every car in the next 20 years might be EV. Moreover, there are a lot of conspiracy theories around the fact that how big oil cartels have restricted publicizing of many renewable sources of fuel which should have been available until now. So telling bitcoin is a better investment than OIL is a dated fact now. Yes one thing you can say is while countries having OIL were once considered to be flourished, now the countries which are able to scale up blockchain and data processing could be flourished. But yes one rule of economics here is that demand for next 10 years is still going to be high while supply finishes so you might see OIL competing nicely to bitcoin for this years but after that it's obvious that oil is dead.

Yes I think 10 years could even mean pushing out more electric cars and bitcoin adoption increasing faster.

About the bitcoin use and adoption, take bayin 2017 to this year, many growth have been recorded. In 2017 ATH was around $20,000 but we see it around $64,000 this year and the year not ended.
What does that price difference means? it is simply that demand for bitcoin has increased, institutional investors have been highly interested using bitcoin as their payment system example PayPal. They wouldn't accept bitcoin if their customers, clients and agent don't use or understand bitcoin, ethereum and altcoins.

Oil is regulated by a body and that means also that it supply can be controlled or limited but bitcoin is the choice of freedom, voice and usage by the populace. I think what will be the big challenge for oil is electrically manufactured cars that is going to saturate the transport market.

Although, Oil is used for many things from its by-products but the major export of Oil is to fuel cars and the transport space.

[el kaka22]

Oil has been getting worse and worse because of renewable energy. We all know things like gas, oil, coal are getting to become the old ways of generating energy when you could potentially use wind and solar without hurting the world, which is why there are so many places who are moving towards clean energy and that is why oil prices are not good at all. At certain point last year you had to pay to own oil, literally pay to own it, normally you pay to get it but do not pay to own it, last year it became less than 1 cent at certain points because there was no place to store it at all.

This means overtime bitcoin which is something that everyone wants did became bigger compared to oil which was something nobody wanted for a while, now they want it again but it will get less and less with more and more renewable energy becomes the standard.

[Anonylz]

And don't forget above all other things the simplicity to invest in btc than oil, well am not an oil investor so I wouldn't know the process, if it is easy or not, but I do know that crypto investment is much easier, no rigorous  process is required before anyone can be an investor, and since people are always looking for a simple way to do things it will be part of the reason why many people will prefer btc than oil.