Post
Topic
Board Economics
Re: Would you prefer to own a luxury watch or invest in bitcoin or other assets?
by
Sanugarid
on 26/12/2023, 21:23:33 UTC
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?

I prefer to invest in bitcoin than luxury watch because we see that bitcoin is growing, the luxury watch is because after a few months or years its value decreases, it depends. We can say that bitcoin is like gold, we know that the value of gold increases as time goes on, so others also invest in gold. As for me, a watch is just a watch, no matter how expensive it is, it's still a watch, we can sell it, but I don't think it's for the price we bought it for.