Would you prefer to own a luxury watch or invest in bitcoin or other assets?

[Mr.right85]

Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

I don't have much ideas on having to buy, own and resell luxury items but, bitcoin I've got an idea of. Am not saying this because I'm all bitcoin enthusiast and things like that but, rather than following your guts, it's also best you stick to what you know while getting ideas about something else.

Luxury items like watches have been one of the ways in which scammers and money launderers hid stuff. In most cases, the watches still gets to drop in value.
Now that's not the hopes or expectations of any good investment. Its not just a way to get back but, getting back on profit.

[Vaculin]

Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Investing in luxury watch is never a wrong move since you will still profit from it when you decide to sell, but that is nothing when you chose to invest in Bitcoin. The profits are obviously more promising even when you only invest at a minimal amount. Just know what you are investing and understand how to manage the risk, that way investing in Bitcoin will be more valuable compared to investing in luxury watch.

[serjent05]

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

It is a no-brainer, with the performance of the Bitcoin market, I would rather have Bitcoin since it can give me way more profit than owning luxury watches and reselling them.  Another thing is that Bitcoin often needs no maintenance as long as we secure it, unlike tangible things that need some maintenance and are susceptible to damage and deterioration which make them less in terms of valuation and may become worthless if the owner failed to take care of those luxury tangible things.

[BenCodie]

I still support investment into watches, but confidence in their value can only last so much longer. Just like you said, new generations might not see the value the last saw in them. In 10-30 years, with the combination of a vastly transitioning economic landscape...it is possible that watch value will depreciate rather than appreciate. However, just like Bitcoin (to an extent), watch value does grow based on inflation and it is possible that this might continue in the period before the generational shift (over the next 10 years), which is why I still support it.

Anything after 10 years is anyone's guess, I generally agree with yours OP.

[Kasabus]

Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Owning any luxury items are still a form of good investment but it needs a lot of capital so you can start with it. And I don't think I can afford it for now. I would rather take part in Bitcoin investing and save my hard-earned money for now so I can invest a portion of it in the future. Bitcoin investment is way more promising as long as you are investing at the right time and store your Bitcoin at a secured wallet.

[Vaskiy]

Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Owning any luxury items are still a form of good investment but it needs a lot of capital so you can start with it. And I don't think I can afford it for now. I would rather take part in Bitcoin investing and save my hard-earned money for now so I can invest a portion of it in the future. Bitcoin investment is way more promising as long as you are investing at the right time and store your Bitcoin at a secured wallet.

The growth of bitcoin is more promising than the luxury watches. When we think of it luxury watches it is a costly watch for specific years. There'll be limited edition and other premium choices which makes the value. However this watches won't be having a much higher value over the years as we experience with bitcoin. Only after long years when the watch turns to be a classic product we can experience better growth in its value. So in my understanding bitcoin is the best against luxury watches.

[nesty]

Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

That is true that luxury watches could be a good investment because their value appreciate overtime. But for me i would prefer  investing in bitcoin because i can do trading anytime or i can keep it for a long time and i know that the price of bitcoin will appreciate soon with that i can take profit and reinvest again. I would also invest in real estate because the value will appreciate overtime, i would love to have my own farm with a lot of trees, animals, vegetable garden etc. Having a farm could save money because it can be a source of food, prices of food are getting more expensive nowadays and we need to have an option to be able to save.

[xSkylarx]

Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Owning any luxury items are still a form of good investment but it needs a lot of capital so you can start with it. And I don't think I can afford it for now. I would rather take part in Bitcoin investing and save my hard-earned money for now so I can invest a portion of it in the future. Bitcoin investment is way more promising as long as you are investing at the right time and store your Bitcoin at a secured wallet.

The growth of bitcoin is more promising than the luxury watches. When we think of it luxury watches it is a costly watch for specific years. There'll be limited edition and other premium choices which makes the value. However this watches won't be having a much higher value over the years as we experience with bitcoin. Only after long years when the watch turns to be a classic product we can experience better growth in its value. So in my understanding bitcoin is the best against luxury watches.

There are watches that will appreciate over time because of their rarity and because rich people want to own them. Mostly, those rich people can buy them, unlike Bitcoin, which anyone can buy as long as they have money, no matter how much it is. You can own Bitcoin with just a little money, unlike watches. That is why most of us invest in it, but even if I am rich, I still invest in Bitcoin rather than watches.

[dansus021]

I know that some people said buy a luxury watch is an investment, "The goods can be investments themselves - Some luxury products (watches in particular) are regarded as investments, and demand in the secondary market can increase the resale value of new products. The value of Rolex watches (unlisted) has supposedly outperformed every major asset class since 2011" - https://simplywall.st/article/luxury-brand-stocks-show-their-long-term-resilience

Tho it hard to sell in my opinion is not liquid not like stock or bitcoin crypto especially the market is running 24/7 no close and meaning we can sell anytime.

I have a friend that has luxury watch I mean not that luxury but he buys at above market price and when he try to sell its very hard 2 town and there is no buyer

[icalical]

if the option is only those two, then I would easily choose Bitcoin and some assets. I don't wear any watch, and if I would want to wear a watch I will wear a simple Garmin, Galaxy or Apple watch for sports monitoring purpose, not like Rolex or something honestly Rolex is the only luxury brand watch that I know.

I know some of my colleague that buys Luxury Watch for investment, but the market is very limited in my coutry, and it's only high-class community people in this market, I wouldn't be able to join this community since I am not from high-class economy.

[uswa56]

if the option is only those two, then I would easily choose Bitcoin and some assets. I don't wear any watch, and if I would want to wear a watch I will wear a simple Garmin, Galaxy or Apple watch for sports monitoring purpose, not like Rolex or something honestly Rolex is the only luxury brand watch that I know.

I know some of my colleague that buys Luxury Watch for investment, but the market is very limited in my coutry, and it's only high-class community people in this market, I wouldn't be able to join this community since I am not from high-class economy.

People who invest in watches I think it's at a very high level in contrast to people who want to invest in bitcoin expecting future returns it's a difference and I believe people who invest in watches have more money left and it is also possible for them to invest in bitcoins.
Personally so far I prefer to invest in Bitcoin than anything else, it's because of the possibility of high profits in the future, I think so and I believe in it.

[Ahli38]

I never even thought about owning a luxury watch as an investment. Something that has a luxury I prefer to buy for collection and not as an investment. So if it's about investing then I still have a choice in Bitcoin and Real Estate. And I only use Gold as a hedge. because Gold is not for investment but for savings that can maintain value in the long term because gold is not too affected by inflation from time to time.

[tjtonmoy]

Luxury items are established to show off what class you belong to. The rich people have created a cult where they just show off their belongings. To me, it's nothing more than that. They make it a trend and wear them to show off. Then those middle-class people trying to look rich will buy them. that's how the rich take money from the poor to generate more income and become richer. I have no idea about the watch market. So I will not choose it. All I know is that some watches are worth millions. But when the trend is gone, its price will fall.

So for me, Bitcoin and other assets will be more favorable. Because I know what I am doing. The luxury watches seem interesting. But it is not for me as far as I can tell.

[gabbie2010]

Having luxury watches or any luxury stuff are just not my thing and even it's just for investment then I'd not ever think or bother about that. In here, most of us have gold for the assets instead of luxury stuff especially with the high level of thief. It's just a not normal thing to have in here because of the society and stuff. Bitcoin, gold or any stocks would be my pick here instead of having some physical luxury stuff.

I will prefer Bitcoin to Gold in term of investment though both are good assets, however it will cost me money to keep or save a Gold in a Bank, however my Bitcoin will be in my own custody (wallet) without any extra fund for hodling it and anonymously secured. Meanwhile owning a luxury watch is nothing but flamboyant way of life which doesn't add any value to the owner investment, personallyI see it as a show off, it's even a risk own such a luxury item because it can be stolen or lost consequently the owner would have lost a huge fortune. Imagine owning such a luxury in form of Bitcoin and luckily it price pumped massively such investment would yielded huge profit.

[Crypt0Gore]

I may be a realistic person. Even though I know about bitcoin, and its prospects in the future. I will not bet all my money in bitcoins. If all my money is in bitcoins, if I need money when the market is bad then I might end up losing.

I will divide my asset ownership in 3 sectors. The first is a sector that has high stability but is resistant to inflation, for this category I choose gold. Both of these sectors have low risk, maybe I will choose blue chip stocks. The three high-risk sectors are definitely bitcoin.

If my finances are good, I will buy more bitcoins so that in the future I can make big profits. But if my finances are less stable then I will keep a relatively small amount of bitcoins. As for watches, I don't really like them, let alone call them assets

Nah I don't agree, you just utter a statement that is expected from a newbie, not someone like you, why invest money you will need in Bitcoin in the first place? That's not the right way to invest, the best investors invest money they can only spend when Bitcoin reach a new all time high, that's why they don't invest all the money they made, some are for taking care of their family and some are for emergencies, the others go to investments.

Selling Bitcoin because you needed money is a lame excuse, unless it's life threatening situation where you need to use huge amount of money to safe a life, yours or your siblings.

I don't know much about the future value of Luxury watches but it makes sense because something adds value to the watches, maybe a part of them are made of gold or diamond or maybe the premium steel too, so yes it's possible that luxury watches add value in the future.

[SaveOurSea]

I never even thought about owning a luxury watch as an investment. Something that has a luxury I prefer to buy for collection and not as an investment. So if it's about investing then I still have a choice in Bitcoin and Real Estate. And I only use Gold as a hedge. because Gold is not for investment but for savings that can maintain value in the long term because gold is not too affected by inflation from time to time.

Yes, everyone has their own views regarding luxury goods, whether it's for investment or collection only,
maybe some people think it can make a profit by investing in luxury goods or in this case is luxury watches,
to invest in real estate also requires large capital.

[Queentoshi]

it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends.

Luxury watches are good for me too. I can wear them and look beautiful wearing them enjoying the feeling of wearing something expensive and not common. There may come others that will be trendier in design, but it will not take away the worth of what I have already, people who know and appreciate quality will always be willing to pay any price especially if it is a luxury wristwatch with only a few made. I will also like a luxury watch if I already have other investment not when I do not.

[bakasabo]

This is one tricky question. Investing in luxury items (not exactly watch) often is a risky. A person that is making and investment in luxury or expensive item must be a professional in some areas, to be sure he is doing right thing. If a person wants to invest in luxury watch, he must be closely connected with watch industry. Buying most expensive watch does not mean having a good investment. I have a friend of mine that is into alcohol industry. This is part of his hobby, job, investment - he buys old and rare wines. But he did not just buy old wines and wait, he knows a lot about history of wine, year of harvest and etc. And most important - he already knows who would buy this wine. As to Bitcoin investment - this seems to be a more easy way of investment.

[prosmmservice]

It is always good to invest money than buying expensive things. Well if you have enough passiv money generating then it's fine. Investing in stocks has less risk than crypto in my opinion.

[Ahli38]

I never even thought about owning a luxury watch as an investment. Something that has a luxury I prefer to buy for collection and not as an investment. So if it's about investing then I still have a choice in Bitcoin and Real Estate. And I only use Gold as a hedge. because Gold is not for investment but for savings that can maintain value in the long term because gold is not too affected by inflation from time to time.

Yes, everyone has their own views regarding luxury goods, whether it's for investment or collection only,
maybe some people think it can make a profit by investing in luxury goods or in this case is luxury watches,
to invest in real estate also requires large capital.

Investing in luxury goods and Real Estate does require substantial capital. And investing in luxury goods is only for certain circles. because not everyone can afford luxury goods. especially if it's for investment, it's definitely difficult for some people. But when I was younger I was quite into brand-name goods and luxury watches. But after I experienced a difficult life and now I can get back up and get a better life again. I have a different view in this field.