Post
Topic
Board Economics
Merits 1 from 1 user
Re: Would you prefer to own a luxury watch or invest in bitcoin or other assets?
by
barisbilgili
on 27/12/2023, 15:11:10 UTC
⭐ Merited by fillippone (1)
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?

Choosing a luxury watch is a matter of taste and perhaps those who buy luxury watches have much better finances so deciding to buy a luxury and expensive watch is not a problem for them.
But if the question was addressed to me then I would definitely prefer to invest money in a much more productive place, such as buying several assets that have good potential in the future.
People tend to look at things based on need and suitability and if this question is asked to people who do not have good financial resources then they will choose investment.
But in reality, almost everyone would love to have luxury and expensive items, but it all depends on someone's purchasing ability.
What you say is very true, this really depends on a person's taste and also their ability to own a luxury watch, of course this is not a problem for them because they can buy it whatever the price.
Yes, I will also do that because I am very uncomfortable wearing a watch because I am not used to wearing watches, whatever the price, for me it would be better to invest because I have many needs so I have to prepare well so I can achieve what I want.
Indeed, everyone wants luxury and expensive goods and only some people are still comfortable choosing a simple life and having investments that can guarantee their future.