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



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Excerpts from the cars already made using electricity





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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.

[KaliLinux]

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.

I believe that this is the major thing here. Because most of the cars will be going electric in the coming years and even the electricity for our homes now is more renewable, obviously, the demand for oil will reduce over the coming years and since this will definitely negatively affect the demand you should expect it to also affect investment in it too so it wouldn't be a surprise that Bitcoin will be more attractive for investment than oil.

[gantez]

Bitcoin will be above most of the commodities or oil that we see around today. The rate for the increase is an evidence. Also gold won't be compared to bitcoin. Bitcoin is used by many for many reason especially for wealth creation and they will keep going into the investment because they want more money. This is a factor that will make it to be fast growing and to be in increase . Storing it is profit, trading it is profit.

[quocsi]

Investing in bitcoin would be better than oil. Because the value bitcoin brings quickly. The bitcoin market is expanding globally. Many countries are focusing on developing digital currencies. Bitcoin price is increasing strongly in 2021. While oil price is falling due to the impact of covid 19 pandemic. I am also interested in bitcoin more now.

[TheGreatPython]

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

I have not invested in oil before and I have never had interest in it and I don't look into it. I can remember very well around 2019/2020 when oil prices were crashing, that was really bad and a lot of investors were losing money because of the oil crash. So bitcoin has always been my favorite asset for investment and it works really well.

One good thing about investing in Bitcoin, like some kids said in the news, it is like a lottery ticket that is not ever going to expire and that is the truth. The opportunity comes every time and it's unending. No matter when you invest in Bitcoin you're always sure that as long as you can have the patience that is needed, you're going to be able to make profit , and not just a small profit , but a really big one.

[AicecreaME]

During this pandemic, I would really rather invest in bitcoin than oil. Bitcoin is widely accessible. With a little money at hand, you can already invest and generate an income if you are knowledgeable and strategic enough on when to buy, sell, and hodl. The information about cryptocurrency are available online. You can also surf the internet for video tutorials that are given free by most vloggers. Bitcoin is more friendly because any people can invest on it, even when you don't have that much. However, I suggest you risk what you afford to lose since after all, bitcoin is volatile. Invest in accordance to your risk appetite.

Meanwhile, oil isn't much used during this pandemic because of travel restrictions all over the world. The oil industry is once of the most affected businesses ever since the pandemic has started to take over. This type of investment isn't calamity-proof unlike cryptocurrency. In addition, one has to have a nice amount of money before they can invest on oil to feel the profit. I will rather not risk it, especially now.

[Ucy]

Would be better to have oil/gas produced from things that are abundant in supply, clean, things that reproduce, and are decentralized like plants. With cars powered by rechargeable batteries , you will need to look for electricity to recharge the batteries but with plant based fuel vehicle, you can simply grow your own plants for fuel to power your car, or even miners

[SquallLeonhart]

During this pandemic, I would really rather invest in bitcoin than oil. Bitcoin is widely accessible. With a little money at hand, you can already invest and generate an income if you are knowledgeable and strategic enough on when to buy, sell, and hodl. The information about cryptocurrency are available online. You can also surf the internet for video tutorials that are given free by most vloggers. Bitcoin is more friendly because any people can invest on it, even when you don't have that much. However, I suggest you risk what you afford to lose since after all, bitcoin is volatile. Invest in accordance to your risk appetite.

The thing about bitcoin is that, you do not even have to buy any to own any neither. If you are a talented person you could literally earn bitcoin and that is very important. Back in the day best way to make money was to go apply for a job and you have to be travelling distance to your job, because every day you would go from your home to your work, which means there are maybe a thousand places to work for and you are usually good for like maybe 20-50 of them at the very best chance.

However thanks to bitcoin there are now tens of thousands of jobs you can apply to, all of which suits your talents, plus you could just show up and put your portfolio online and tell people you would be willing work. It is really awesome if you ask me about it, this is really something that makes bitcoin awesome, it is a reason why bitcoin is such a huge thing.

[Fortify]

The Reason Bitcoin Investment will be preferred more than Oil

The subject of the thread makes little sense. It is like saying "pears are better than music", they are two different mediums and it is pointless to compare them. Oil serves a practical role of keeping shipping going around the world, creating jet fuel for planes, creating polymers for all sorts of plastic materials and producing petrol/diesel for the hundreds of millions of vehicles that exist. Cryptocurrency is a store of value that can be used to buy things and transfer money between people. Yes you can trade a barrel of oil, but you would do that with a currency. Oil will eventually run out, but that is decades and maybe even centuries away. Unlike what some people want to believe, Bitcoin is just not that interesting the majority of people beyond being a financial quirk they've heard has made some people rich. New people joining bitcoin now are extremely unlikely to make the financial gains of people who joined below $10k and would be lucky not to lose money at this point.

[dongyi17]

More and more investor, rich and influential people are now beginning to invest in bitcoin rather than oil or any other things because they know that it is more cheaper, easier, and most of all decentralized. They can be free to whatever they want to do with their money, its just that sometimes and almost the price value is unpredictable nonetheless they still want to try and make a profit out of it. 

[Darker45]

Apparently, the reason why Bitcoin is a much better investment than oil is that its price is rising much much faster than oil's. Oil even recorded a negative price a little more than a year ago. During which time, Bitcoin was only valued at around $7,000.

Secondly, burning fossil fuel is not cool anymore. That's the strongest trend nowadays considering global warming and other environmental concerns.

And, finally, the golden time for EVs has come. Tesla is facing an overwhelming demand. Its production cannot even catch up. China is now mass producing EVs as well. Even Lamborghini has already stated they'd be turning electric as well. And guess what, even Ferrari, whose CEO mentioned just months ago that the company will never fully go electric, will be releasing its first ever all-electric model in 2025.

[Sithara007]

I don't know whether a lot of people chose to invest in crude oil. I have seen people trading in crude oil, but I am yet to hear from someone who invests in crude oil (is the OP talking about investing in petroleum companies?). Some of the cryptocurrency users think that the entire world revolves around them, and that needs to change. You can run an automobile with either gasoline, electricity or natural gas. Bitcoin is not suitable for this purpose. So there is no point in comparing these two entirely different assets.

[AniviaBtc]

It is much more convenient to invest on cryptocurrency than oil because it is much cheaper.

You really need a huge capital in order to have a much wider investment on oil especially that it is not that easy to earn profit with it.

While in cryptocurrency, you can earn money just by sitting in front of the computer and study how it works.

[Pamadar]

I don't know whether a lot of people chose to invest in crude oil. I have seen people trading in crude oil, but I am yet to hear from someone who invests in crude oil (is the OP talking about investing in petroleum companies?). Some of the cryptocurrency users think that the entire world revolves around them, and that needs to change. You can run an automobile with either gasoline, electricity or natural gas. Bitcoin is not suitable for this purpose. So there is no point in comparing these two entirely different assets.

Two different intities and have different supporting cast, there are lots of opinions about this two venue of investments.

It's about how you understand which venue you choose and what are those factors you see in terms of favoring your investment, if you already have that knowledge and you are fully convince that you are capable of gaingin decent compensations, it's your call to decide what venue you think you can have better opportunities.

[TheUltraElite]

Futuristic or not, Oil is going to have a demand for years to come along with other fossil fuels. Water too for that instance because these are things that run a country, bitcoin on the other hand does not.

Be practical when you are investing, not emotional is that experts have to say. You have understand the demand and supply of the asset that you are investing in. From that perspective, both bitcoin and fossil fuels are going to rise in future. Now it is your call whether you would rather secure assets in a class that is recognized already by the markets already and not a grey area in the market to something that is a grey area and whose possible government acceptance is low.

I would advice both for future, going all in on one is always a stubborn decision. This is not same as bitcoin vs altcoin, in which case I always go for 100% bitcoin. Against assets that are already known and costly bitcoin diversification should be smaller than 100%.

As for the argument of electric cars, please note that electricity comes from fossil fuels unless we move on to nuclear power which will take years to come to every country. So no, fossil fuels will not run out of price even if Tesla goes big and tries to set up a dominance. This is the electric coin bubble which again will die out with time.

[davis196]

Mass production of electric cars will drive the demand for electricity thru the roof.
I wonder where the crypto miners will find cheap electricity?Perhaps solar and wind energy will become affordable,after 5-10 years.
I've never considered investing in oil.I believe that oil is a non-renewable resource,which means that it will become more scarce in the future,and we don't be dumping our conventional cars anytime soon.
This means that oil prices won't be going down soon.

[jaberwock]

between bitcoin and oil have their respective advantages. but for me investing in both would be better. that way our funds will be safer and risks can be minimized. many are profiting from bitcoin, and it feels easy to get double the money when the bullrun occurs. but we must be careful because the risk is also high

Diversifying your portfolio is always a good idea but one reason why investments in oil isn't the brightest idea is simply because like mentioned in OP too - Electric cars are now being made and oil would be less and less potent in coming years.

I still agree that the stock market is a good option and one should not come with an all-in mindset in the crypto market because although very liquid and deep, we still have some bases uncovered and there is still manipulation of the price at times. You can see how a single person carried and pumped the whole market of dogecoin without actually investing much. He just creates hype through his social media handle and people buy the coins which shows the market is still being manipulated so risking everything in the crypto market is not the ideal choice.

[conected]

Bitcoin is much better than oil when talking about investment, I would rather choose to invest bitcoin as a lot of people are now focused on cryptocurrency or focused on investing in bitcoin so there is really a chance that bitcoin will boom in the future and aside from that there are so many free and cheap crypto wallet wherein you can store your bitcoin. I am now more investing in a cryptocurrency than investing in other assets.

- Oil is an old generation investment, its stability seems to be much stronger than bitcoin but due to such a stable and outdated system, making money is also relatively more difficult, quite a few older generations are still excited to live with this peaceful market, only the next generation, exactly the young and in need of innovation like to focus on bitcoin. Space in bitcoin is much more vibrant when there are too many social classes, they fight for the greatest benefit in an ancient style, unmanaged by the government

[Twentyonepaylots]

Oil may have been going obsolete as time goes by. But at this point it still has a wider use-case compared to bitcoin which is mainly used for store of value and transactions. It might take a long way before bitcoin ever compares to how ubiquitous and rampant oil is not only in the market but in the commercial and societal levels as well. But we're getting there, at least I hope so.

[AndySt]

Apparently, the reason why Bitcoin is a much better investment than oil is that its price is rising much much faster than oil's. Oil even recorded a negative price a little more than a year ago. During which time, Bitcoin was only valued at around $7,000.
Secondly, burning fossil fuel is not cool anymore. That's the strongest trend nowadays considering global warming and other environmental concerns.
And, finally, the golden time for EVs has come. Tesla is facing an overwhelming demand. Its production cannot even catch up. China is now mass producing EVs as well. Even Lamborghini has already stated they'd be turning electric as well. And guess what, even Ferrari, whose CEO mentioned just months ago that the company will never fully go electric, will be releasing its first ever all-electric model in 2025.

As for the faster growth of the price of bitcoin compared to oil, I would like to argue that the fall of bitcoin is also much faster The most important advantage and the most important problem of bitcoin is that in essence, bitcoin does not have a physical embodiment, unlike oil, so the price of bitcoin can fly into space, and sink into the abyss. The negative price of oil is the cost of the current commodity and stock market system and a specific force majeure moment, and if the bitcoin market develops to the same extent, then we can see something similar with bitcoin, only in the case of oil, this can not last too long, because oil has a real use and a real physical need for buyers, unlike virtual bitcoin. And even sometimes I wish that there were not all these paper oil derivatives distorting the market, but only really mutual relations between real producers of oil products and real buyers, so let them invest in bitcoin better

[Darker45]

Apparently, the reason why Bitcoin is a much better investment than oil is that its price is rising much much faster than oil's. Oil even recorded a negative price a little more than a year ago. During which time, Bitcoin was only valued at around $7,000.
Secondly, burning fossil fuel is not cool anymore. That's the strongest trend nowadays considering global warming and other environmental concerns.
And, finally, the golden time for EVs has come. Tesla is facing an overwhelming demand. Its production cannot even catch up. China is now mass producing EVs as well. Even Lamborghini has already stated they'd be turning electric as well. And guess what, even Ferrari, whose CEO mentioned just months ago that the company will never fully go electric, will be releasing its first ever all-electric model in 2025.

As for the faster growth of the price of bitcoin compared to oil, I would like to argue that the fall of bitcoin is also much faster

But if the former is true then the latter would not be a problem. In other words, if the price of Bitcoin falls much faster than the price of oil, then I guess it would also be compensated by its faster growth. Well, that's the reality with Bitcoin's price fluctuations. Its price could fall 30% today but could also rise 50% tomorrow.

As to oil, they've made history by registering a negative price.

[Obito]

That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

[dezoel]

You are right investment in Bitcoins and crypto in general is a much more viable option now days rather than investing in oil or stocks in general. The market after the pandemic has gone down and no matter what experts say and governments claim but we are going to need a couple of years to recover and get back to where we were before the pandemic. Bitcoins on the other hand is on the rise despite some hits because of the news and tweets from Elon Musk.

Even when Musk said Tesla will not accept bitcoins he clearly mentioned that he is still in favor of cryptocurrencies but they just declined the earlier approved bitcoin payments because of the fossil fuels that are being burned to mine the bitcoins. So overall, it is a good time to invest in crypto but just leave alone the meme and shit coins like shib and you are good.

[wahyu wida]

That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

I think because we are in the crypto world, we prefer bitcoin, but for those who understand the two worlds between crypto and oil, I think they will share their capital for the two investments, because both have different levels of risk, so many people also think to diversify

[lixer]

Bitcoin will be above most of the commodities or oil that we see around today. The rate for the increase is an evidence. Also gold won't be compared to bitcoin. Bitcoin is used by many for many reason especially for wealth creation and they will keep going into the investment because they want more money. This is a factor that will make it to be fast growing and to be in increase . Storing it is profit, trading it is profit.

True and it will take a while to shift from real investments towards virtual investments, for people who wonder why not big investors are investing in BTC if it is such a good thing. You can see a lot of big names are already engaging in BTC and investing heavily but it will take some more time for more investors and traders to jump into the crypto market because let's be honest, it has been only 12 years or so since BTC first came into existence and still needs some time to get explored.

Investing in bitcoin would be better than oil. Because the value bitcoin brings quickly. The bitcoin market is expanding globally. Many countries are focusing on developing digital currencies. Bitcoin price is increasing strongly in 2021. While oil price is falling due to the impact of covid 19 pandemic. I am also interested in bitcoin more now.

That's correct and the BTC market is still relatively opportunistic as compared to a stable and saturated market like oil. The growth is much higher in BTC but the trust factor is what holds it back slightly.

[SquallLeonhart]

Bitcoin will be above most of the commodities or oil that we see around today. The rate for the increase is an evidence. Also gold won't be compared to bitcoin. Bitcoin is used by many for many reason especially for wealth creation and they will keep going into the investment because they want more money. This is a factor that will make it to be fast growing and to be in increase . Storing it is profit, trading it is profit.

True and it will take a while to shift from real investments towards virtual investments, for people who wonder why not big investors are investing in BTC if it is such a good thing. You can see a lot of big names are already engaging in BTC and investing heavily but it will take some more time for more investors and traders to jump into the crypto market because let's be honest, it has been only 12 years or so since BTC first came into existence and still needs some time to get explored.

You can't see those big names every single day, that is the point there. You are going to see them change a lot of things in the future but it is not going to be every single day, like I am sure amazon will accept bitcoin one day that is for sure, and maybe even invest themselves, but that is not going to be today, that is not an easy decision, that is a very big deal so it may take years and years before that happens, same with google for ads, same for microsoft, facebook, and all the other big digital companies.

So long story short I am sure that big companies will "accept" bitcoin and that is just accept, the wall street ones that will end up investing will be even bigger and easier but that is happens like maybe once a month, so we need to be more careful about it, if you expect them every day then you are going to be upset when it doesn't happen for a whole month.

[palle11]

That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

This is not about personal opinion. My opinion was not given because it doesn't even matter what my opinion or any body's opinion is because the future has a bigger picture to anybody's opinion including the billionaires you talk that will prefer oil to bitcoin.

Will the billionaires prefer a commodity that is not marketable to the one easily accessible? No, and so their desire and preference will be over taken by the future. If electric cars and more equipment are manufactured that will be recharged by electric and not oil, the importance of oil will keep dropping. To be safer side, economies should be able to think ahead to diversification incase of future and also investors shouldn't hold tight and not to invest in other future aspect. Bitcoin and digital payment system is looking like the future and no need to stay behind.

[GeorgeJohn]

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

[TheUltraElite]

I think because we are in the crypto world, we prefer bitcoin, but for those who understand the two worlds between crypto and oil, I think they will share their capital for the two investments, because both have different levels of risk, so many people also think to diversify

Of course it is a biased topic, this is a forum where most people are taking interest in cryptocurrency. Ask this one a platform where the entire population of the world is catered for, the percentage voting for bitcoin will be less than 10%. Hence these votes ususally dont have any significance when the target population is wrongly chosen. But it might help some people understand the essence of fossil fuels and their cost which is rising in future.

That's just your opinion though, there are more billionaires that will prefer oil more than bitcoin for all we know. I think that you are right though that bitcoin is more preferred than oil because I think it is more accessible than oil which you can't buy by the barrels.

You have dont have buy barrels of oil. You can buy securities for oil and water as well. Like I said in my previous post, these two commodities are never going to lose importance.

Diversification of money into crypto is good but keep that in bitcoin only and use the rest to buy from fiat markets into things that you feel will become scarce in future. Dont be stubborn about one asset because this will cost you. That is the difference that appears in the long run between a successful and broke trader.

[dimonstration]

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

[GeorgeJohn]

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

Mate, I'm not disputing the fact that oil business is not tangible to adventure into, we are just considering the factor that cryptocurrency Vs oil, looking at both they fetch finance but the problem is that which of them will multiply our income very fast without delay and with confidence, cryptocurrency have different dimensions or criteria to adopt in order to generate different source of revenue, as you said initially crypto can use for trading, and cryptocurrency can be purchase and store for long term investment, cryptocurrency can be use for negotiation of business transactions as an exchange, in summary cryptocurrency appreciate like land, so it has different categories that it can operate to raise income, so looking at all this am not sure it can be compare to oil investment.

[Mauser]

The biggest reason for me why I prefer cryptos over other commodities including oil is that storing is so much easier. Storing commodities like oil or gold in larger quantities is very expensive. The only real alternative is buying financial derivatives, like futures or ETFs but then you always need to trust the bank behind. I want to own the underlying assets myself. With crypto currencies I have so much more flexibility and choose freely what to buy and what to sell with lower fees.

[kesmex]

Come to recent investment in future, nothing can be use to compare to cryptocurrency currently irrespective that oil have values right from origin it does not make more profit than cryptocurrency in terms of investment, so evaluating them physically, oil can be manipulated in terms of people that controls it, while cryptocurrency especially Bitcoin can not be manipulated, using this illustration to assess the preferable one, Bitcoin is something you can secure and monitor by yourself without seeking for second party, while in oil investment it's someone who will manage for you and give you return, so in another form it can equally call a share or shareholder via oil investment.

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

Besides that, I also think that it is certainly not as easy as investing in crypto because running an oil business is much more complicated, it seems,
but after all, if we learn we will know how to run the business,
what is clear is that it depends on people preferring to invest where as long as it is profitable there is nothing wrong

[Kakmakr]

Fossil fuels are the thing of the past and more and more people are making the mind shift to "cleaner" energy sources. The thing is, the fossil fuels are so much cheaper than "clean" energy to produce. The Saudi cartels will release more oil, when the "clean" energy becomes cheaper and we will have "fossil" fuels..until it runs out.

I will invest in both Oil and renewable energy companies, because they still make profits... but my main investment will be in Crypto currencies... because I think it is the future and the volatility makes it a good investment for very good gains. 

It's all about a balanced portfolio.. 

[int03h]

Bitcoin investment has better returns, long term storage or spot trading is much easier. People can trade all day and all week without any difficulty.
Investing in oil is less profitable and can only be traded on derivatives with very high long-term storage costs. The pandemic is still going on and parts of factories around the world have halted production. If the COVID pandemic breaks out again, oil prices may fall to negative levels like in April 2020.

[Reatim]

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

the world acting against Fossil fuel cars , i think this post complies with reality of future .. nowadays more and more countries are adopting Electric cars and In Asia this is revolutionary .
I also used electric Bike now and this saves my ass too much, from gasoline and from travel time since there are lots of traffics happening here.

[GeorgeJohn]

Oil business is still a good investment when we know how to operate a business well because of the high competition nowadays. But if we're not into running business then it will be better to invest in crypto and monitor it throughly to really earn only those who knows how to trade can beat those who invested in oil. Even in any investment.

Besides that, I also think that it is certainly not as easy as investing in crypto because running an oil business is much more complicated, it seems,
but after all, if we learn we will know how to run the business,
what is clear is that it depends on people preferring to invest where as long as it is profitable there is nothing wrong

The simple truth of it, is that we have to invest to a place we will be confidence about our investment, besides while i prefer cryptocurrency is that you will be notify or be aware whenever the business is going against you, because you are permitted to assessed your investment, but for oil, i think it's handle or been controlled by someone and after the time frame given for the investment to manured or exceed the profit generated will be allocate to the investors, so it's quit different from cryptocurrency investment, but I'm not disputing the fact that oil is not good to invest on, but it's individual perception to indulge or enroll to any of them via investment.