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

[m2017]

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?

The price of any thing that you buy in a store (and not only) includes taxes, the cost of renting a store, the benefit of the store and the manufacturer. That is, it all underestimates the margin if you buy watches for future resale. If you can find a product directly from the manufacturer, then the situation will be a little better. But there is another nuance. The price of a new item and a used one can vary greatly. As soon as you bought a watch in stores and went beyond the threshold, it is no longer a new watch and its value immediately fell.

How do you want to resell luxury watches for more?

In my opinion, there are more rational ways to invest. In the extreme case, the same antiques that really rise in price over time and have value due to rarity. And these luxury watches are now a great many on the market.

If I had to choose a subject for investment, then I certainly would not include some watches in it. Which, I would prefer (like many here) and so obvious, thanks to the theme of the forum.

[Vishnu.Reang]

Well I don't have that much interest on such luxury or expensive watch and I have no idea about such investment but still, it's not a good idea to buy a luxury watch as an investment tool. Unless it's rare or out of production, don't expect to get the full amount or more back you sell it. Most importantly We cannot consider the market for luxury watches is highly unpredictable, and there's no guarantee that a watch will increase in value. luxury watch never can beat the investment of gold, plot or real estate.

[Sexylizzy2813]

With Bitcoin, I can purchase a little amount and overtime, watch it grow, right? Bit I can't say the same for those luxury watches and you said it yourself that the world is constantly evolving and interests are always moving on to other things. There's the possibility that I could purchase such with the hopes of selling it off but not having the means to maintain it and it can end up being a liability to me. So, I will prefer to invest in Bitcoin anyday.

[SOKO-DEKE]

If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

In light of everything you have described, I am aware that these are all wise investments, but due to concerns about privacy, I will opt to invest in Bitcoin rather than anything else. I also think that Bitcoin will grow in value more rapidly than gold, stocks, real estate, or expensive watches. But in all honesty, I would love to diversify my investment portfolio by purchasing all of the items you mentioned, with the exception of luxury watches because it is very difficult to forecast the market value of these items in the future unless there is a limited supply of it. and again I see watches that is what every one will like to use it new product, so with that I don't think people will like to be demanding for the one someone have been using unless companies that produces it.

[Huppercase]

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.

This investment are only worthy in the place where they are value and outside that environment, people don't see if as luxury. If I have Rolex today that is one of the most expensive watch that are mechanical made for the rich people, if I want to convert it back to cash in US for example, people in that area will see the value in it and may buy it expensive but it is not a guarantee that you will be able to sell it at the original price and if the watch is taken to an environment where they don't value a watch, they will not value it that much but having Bitcoin in your wallet, the value is the same anywhere around the world, 1BTC price is the same everywhere and you can exchange it for anything.

[MFahad]

In my opinion investment in Bitcoin will be more better than luxury watches because everyone does not know that luxury watches can make you rich but bitcoin is known by everyone. Knowledge about any thing in which you make investment is compulsory and without knowing the reality one cannot get profit.

People uses luxury watches but I don't know that they use it as a type of investment and I don't have any knowledge about it but bitcoin as an asset makes large number of people wealthy and because of this investment those who are jobless find a way of earning money. In bitcoin you can put money little by little but I don't think that same will happen with luxury watches and you will have to use overall sum at once.

[demonica]

I don't really have a lot of knowledge or interest in luxurious items as a form of investment especially watches. Because whenever I try to think about how it works, I can't seem to understand how those luxurious items are considered as an investment since if it's being used or worn a lot, it decreases its value. Unless the items are from a well-known person since it's the person's name that will make it more expensive over time, or if the item is a limited edition.

So I would definitely prefer investing in Bitcoin or other assets like real estate since their value would increase in the future. Also, acquiring an luxurious item needs high maintenance to maintain its form so the item won't lose its value.

[DanWalker]

People uses luxury watches but I don't know that they use it as a type of investment and I don't have any knowledge about it

Strictly speaking, it is the luxury watch business as they are primarily limited edition, so making a profit from them will be huge if you have big capital and a comprehensive relationship.

but bitcoin as an asset makes large number of people wealthy and because of this investment those who are jobless find a way of earning money. In bitcoin you can put money little by little but I don't think that same will happen with luxury watches and you will have to use overall sum at once.

I disagree with you on the part I have highlighted, how can an unemployed person make money from bitcoin? Bitcoin is an investment, and to make money, they need money to invest in it, and for the unemployed, where will they get the money to invest? Moreover, investing in bitcoin is always risky and highly volatile, you have no guarantee that they will receive a steady income. It would be a mistake to assume that bitcoin is a job and it can reduce unemployment.

[ringgo96]

If we already have a lot of assets then both are needed, but for those of us who have assets and are not so big then investing in Bitcoin is the main choice later if you have got a big profit then we look for luxury watches, because watches we also need to complete the appearance in our lives, so all need a process to have luxury goods and the most important thing for me is to invest for the future so that we can have everything.

[ElmedoRator]

If OP gave me a wish, I would not choose these answers because I really want to not have to want anything more in life.
There are things that when we are on track to achieve it or have already achieved it we sometimes have judgments that I find a bit excessive. With items that have a lot to do with material values, or bring admiration from such materialistic people, I find it quite mediocre, an expensive and cheap watch if In terms of use, the difference is not much, but how easily its application is used for the purpose is another matter. Similar to investing with bitcoin, there is no guarantee that the investment will return you an absolute profit, but you need many different factors to make a profit. In general, everything has its own positive or negative aspects.

[trendcoin]

I don't think living a life of luxury makes us better people. In fact, money has never even come first in societies with virtue ethics. However, of course, I admit that we always need some money, but money is no more important than the values that make us who we are, and a life spent chasing money is a life wasted. I think I have completed myself lately and no matter how much money I make, I will never change my personality and character. Replying to the topic in this context, I always prefer a few crumbs of Bitcoin over any quality watch.

[bangjoe]

I thought you asked the wrong forum.
From most of the answers I read the average of respondents replied that Bitcoin was their first choice in investing when compared to investing in luxury clocks or other luxury things, including me in this case, of course I would choose Bitcoin as my choice of asset To invest based on my knowledge and experience so far.

If you see it, luxury watches have advantages in existence, as if people see that indeed I am able to buy it and classify me into the rich group, but for me it is meaningless, moreover I am not involved in the world of celebrities or in the big business that makes Appearance as an attraction for a person's assessment in collaborating cooperation

[mindrust]

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?

You shouldn't choose one over the other before you understand the market you are in vesting in. For example I don't know shit about luxury watches. I don't know the premiums, I don't know the overall market direction and volatility, I don't know which brand to choose, which model etc. You have to know a lot about these stuff.

On the other hand, I know some stuff about bitcoin/crypto. I know where to buy, how to hold, how to sell, I can do some basic TA etc. I am more familiar with this market.

Now the big question is, are you familiar with both of these markets?

[kaseygriffin]

... If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

I think it is necessary to be flexible in investment and not too dependent on a certain market, although by their general nature they are all part of the financial system, it is clear that it should develop independently. I'm quite comfortable if the finances are adequate, investing in something is fine, as long as it needs to be based on the study of the same goals as the investment, maybe in different respects. The luxury watch that I see is quite useless, but it is clear that the audience it is aimed at is the elite who have a lot of money to be able to own, so from an investment perspective I will still choose crypto or other traditional fields.

[yudi09]

-snip-
If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Because I embrace the concept of simplicity in life, I dislike anything that leads to showing off. I am more comfortable with the way I look without neglecting the neatness of my appearance.

My honest answer to this question is that I will choose to invest in Bitcoin and Gold. These are the two types of investments that I will keep.
For me, Bitcoin and Gold are more promising future investment assets than the other digital assets you are referring to. Investing in expensive watches is just showing off in my opinion even though profits can be obtained when resold.
A difficult choice would occur if I were required to choose between Bitcoin and Gold.

[waONE]

I don't think living a life of luxury makes us better people. In fact, money has never even come first in societies with virtue ethics. However, of course, I admit that we always need some money, but money is no more important than the values that make us who we are, and a life spent chasing money is a life wasted. I think I have completed myself lately and no matter how much money I make, I will never change my personality and character. Replying to the topic in this context, I always prefer a few crumbs of Bitcoin over any quality watch.

Being a better person is certainly related to personality and character,
with lots of money or living in luxury doesn't mean it will make us better, that's clear,
money is not a tool to measure a person's worth.

[umbara ardian]

At my age, my first priority is to make money, so I would choose to invest in bitcoin over owning a luxury watch. Investing in bitcoin is not only profitable, but it also helps me develop and understand more about many aspects of life related to this currency. The knowledge of the lessons or the psychology of investing can be of great help not only to investing but also to taking advantage of it to answer questions and reason with others in work or life. Those are the things that bitcoin gave me when I invested in it, but it also gave me negative feelings, especially when I was new to this market. So a piece of advice is that setting such clear, specific investment goals can save you a lot of time and reduce pressure at work.

[Kakmakr]

Why should you have to choose, if you can diversify and invest in all of that? I divide my investment portfolio into three categories, low / medium and high risk investment.... so that it is more balanced.

I will rather have a balanced portfolio with some investments in "safe heavens" and then some investment in a high risk category... that might yield much higher profits. Bitcoin is a high risk investment with the possibility of very high profit. 

[Russlenat]

I will still invest in Bitcoin over others or maybe I will choose gold as another option because gold is a relatively stable investment compared to other investments. I do not know watches so I won't go for it for now.

Investing in Bitcoin has been my choice for a long time because we can control how much money we can afford to invest. And even though the price of Bitcoin will still fluctuate, I think it's okay because the price of Bitcoin has the opportunity to increase greatly in the future. And that is why many people also choose to invest in Bitcoin because the return on investment can increase many times.

And I'm also not very interested in luxury goods because that could invite bad people to rob it. So keeping Bitcoins would be better for me because I can hide the wallet somewhere only I know.

You know, this is an investment between what you can see and wear  and what is not visible with other people, so of course I would always chose to invest in an investment that only myself knows. And that is bitcoin, simply because you can keep and hide it, and when it’s price surges high, you can always take some portion to sell and even diversify into another form of investment that is highly appreciating. While luxury watches is also a form of good investment, but only for those who love to show off everything so that people can tell that they are living luxuriously, but when it comes to profiting, I don’t think its price can give very high returns in the future no matter how you try to keep it knowing most of the physical investments that shows luxury will only depreciate its value once it’s new one arise and becomes the current trend.

[Altryist]

I don't think living a life of luxury makes us better people. In fact, money has never even come first in societies with virtue ethics. However, of course, I admit that we always need some money, but money is no more important than the values that make us who we are, and a life spent chasing money is a life wasted. I think I have completed myself lately and no matter how much money I make, I will never change my personality and character. Replying to the topic in this context, I always prefer a few crumbs of Bitcoin over any quality watch.

I wonder if anyone here will choose a watch? You need to be someone who loves expensive watches, I'm not that kind of person, I have other values, I don't feel any attraction to expensive things, for me the main thing is practicality and comfort. Of course, I will choose bitcoin, because this choice will allow me to get much more than expensive watches in the future. And in fact, I only wear a watch sometimes when I'm exercising, because I don't like wearing a watch.