Quote from: Nwada001 on July 08, 2023, 01:24:54 PM

Quote from: alastantiger on July 08, 2023, 12:31:05 PM

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

I will have to choose investing in Bitcoin over luxury. This is because I understand the Bitcoin market better and know how the profit can be calculated. But that of the luxury watch, for which I believe the price tag might depreciate or reduce and whose value is highly dependent on either the price of material used for the making or the power that the brand holds in society and the hype it gets from the market, for the main time the luxury watch will be considered very expensive because of the hype that's it's gotten in the market, but we also have to consider what will happen next if their competitors have to take over the market with a more trending product, the outcome will be a decrease in price, and the case won't be any different from what was experienced in the time of NFT hype.

Don't you think your entire opinion about luxury watches is applicable to Bitcoin as well? The hype and the brand name it holds lead to the high price. Bitcoin is a brand, the first crypto currency, and don't tell me about the hype. When competitors take over the brand, it's the end of the product. No one can be 100 percent sure about Bitcoin as well. And tell me about the risk we put into the market. Before you point out the negatives of other investments, you should think about your own first.
In my opinion, everyone has their own investment area and strategy; nothing is less than others unless we have a profit and people are satisfied with that. Everything has its value because people think it has value; it becomes less expensive when people think otherwise.