Post
Topic
Board Economics
Re: Would you prefer to own a luxury watch or invest in bitcoin or other assets?
by
leonair
on 27/12/2023, 17:10:53 UTC
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.
Yes bitcoin has potential to profit a big amount in long holding and bring chance a luxury lifestyle. Among the cryptocurrencies, Bitcoin is a coin that is very valuable and has a high demand in the market due to which investors prefer Bitcoin.  If you invest in other assets you will profit but it will be slowly but Bitcoin will boost your profit which will give multiple times more profit in short time than other assets. So surely Bitcoin can be a good investment choice for a luxury lifestyle. I agree on this