Bitcoin Forum

Economy => Economics => Topic started by: Mrbuck on July 04, 2024, 10:53:03 AM



Title: True wealth and fake wealth
Post by: Mrbuck on July 04, 2024, 10:53:03 AM
Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.

When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.

You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.


Title: Re: True wealth and fake wealth
Post by: Die_empty on July 04, 2024, 12:00:52 PM
The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
Quote
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.
Quote
When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.

Quote
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.


Title: Re: True wealth and fake wealth
Post by: Mrbuck on July 04, 2024, 12:11:10 PM
The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
Quote
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.
Quote
When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.

Quote
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.


The land it depends the location and goverment but goverment generally cant be trusted.
Goverment don't represent each person rights but more it benefits rich indviduals and hedge funds.
Sometimes your goverment can be changed by another force so new rules.
The true wealth is something that you go away for 30 years or longer you come back and it's all there.


Title: Re: True wealth and fake wealth
Post by: Obulis on July 04, 2024, 01:16:39 PM

Some how, the heading "true wealth and fake wealth" lack what it take in itself to communicate your idea... Taking it from that point it then means that you are your only true wealth...

Talking about land, u pointed USA and UK particularly and that seems OK because the issue is not and can not be the same worldwide (government laws on land and its implementions is different definitely nationwide )....

Then don't forget, the same government can decide a ban on anything ranging from anything to anything making even crypto or some cryptocurrency fake as you term the topic... (the internet or some internet ventures can be prohibited by the government)

Trying to understand your message, I think any form of emotions as the case may be should be replaced with emotional intelligence, (food in your house will get finished, I wonder how much money that can be stock in the house, critical times like u said might not last forever)
You are correct about the human government but you can't take things to the extreme (it seems unnecessary)

Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.

For sure when one can't think for oneself then a bottleneck is already in the corner... This also indicates some how that oneself is the only true wealth....


Title: Re: True wealth and fake wealth
Post by: Helena Yu on July 04, 2024, 01:29:05 PM
Now, since I know the difference between fake wealth and true wealth, will you give me fake wealth? I don't mind with fake wealth, you can keep the true wealth.

I will rent my land and property so I will earn passive incomes, then I will convert all money in banks, stocks and bonds to Bitcoin, so I will stay rich. I don't need to think about working anymore, I can be free and do anything I like in my life.


Title: Re: True wealth and fake wealth
Post by: MeGold666 on July 07, 2024, 09:02:11 AM
You gotta love people who are not wealthy making their own definitions of what wealth is  :D


Title: Re: True wealth and fake wealth
Post by: mindrust on July 07, 2024, 09:19:48 AM
OP, you will get pretty poor pretty quick with that mindset or... you will stay poor forever and never get rich.

Real wealth is land, real estate, stocks, commodities (crypto too), patents, copyrights...

Cash is crap unless you are going to spend it in the near future.

You have a very twisted understanding of the financial world and I don't see it doing you any good. You should immediately educate yourself by reading some books. BlackRock is one of the biggest asset management companies out there and they hold lots of stocks. Do you think they are doing it wrong? Don't make me laugh.


Title: Re: True wealth and fake wealth
Post by: Fortify on July 07, 2024, 01:49:45 PM
Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.


You seem like somebody who doesn't have any wealth, "true" or "fake" to be coming out with the claims that you make. Property has long be regarded as one of the most stable forms of wealth and will continue to be in demand for centuries to come. Stocks and bonds are the foundations of countries like America, allowing it to become arguably the most powerful economic force on the planet. Stocks are just small slices of ownership in companies and capitalism has proven the most effective economic model that the world has ever seen. Food in your home is wealth (that presumably springs into existence from nowhere)? That is a pathetically stupid observation and shows again that you have little idea of what value really exists in the world yet like to spout grand ideas.


Title: Re: True wealth and fake wealth
Post by: batang_bitcoin on July 07, 2024, 02:13:13 PM
I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.


Title: Re: True wealth and fake wealth
Post by: Die_empty on July 07, 2024, 07:17:34 PM
The land it depends the location and goverment but goverment generally cant be trusted.
Goverment don't represent each person rights but more it benefits rich indviduals and hedge funds.
Sometimes your goverment can be changed by another force so new rules.
The true wealth is something that you go away for 30 years or longer you come back and it's all there.
Lands are a good investment in my country. There has been a high rate of urbanization due to an increase in population. Many people are investing in lands located in rural areas because it brings more than 300% profit in a few years because these villages will soon become cities. My parents have owned some plots of land for over five decades and they still own it to date. If you can secure the necessary approved land documents from the government, the land is yours forever. The government will have to pay some compensation if they want to revoke the certificate of occupancy. My main investments for now are Bitcoin and landed properties because they can last for a long time.


Title: Re: True wealth and fake wealth
Post by: o48o on July 07, 2024, 10:54:16 PM
-cut-
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.
Yet you trust fiat money.

-cut-
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
You sound like someone who doesn't have "fake wealth" and because of that you can only trust fiat money, as that you have seen working so far. Sure, if you ever haven't got any land, property, stocks or bonds you might think they are fake, as you never experienced them like your money.

And sure, you can stockpile all that fiat money, but you have to provide security for it yourself and depending where you live, you might have to prove the origin of it. And where exactly are you storing that usd, gold and silver if you don't have a bank account or any property? In a safe? It's not like that's going to be safer place than a bank if you don't live in some super corrupted country.

-cut-
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt
-cut-
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.

-cut-
This is almost Badecker level crazy. I don't think you understand how stablecoins work, as they are highly centralized and your usdt can definitely be frozen, as it already has been done to some accounts.

And i can't believe i have to say this out loud, but Trump isn't behind a dollar or any stablecoin. USDC is by Circle, hence the C in the name. USDT by Tether, hence the "T". You can literally can read about that and not invent lies.

Nor they are a going to be a new usd because they are just reprenting their value, as usdt for example is BACKED by real usd and other assets.



Title: Re: True wealth and fake wealth
Post by: Alone055 on July 07, 2024, 11:23:46 PM
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

What's the difference between the paper fiat money you have at home and those in the bank? If the currency devalues, both will have the same faith because they are the same thing just kept in different places. I know you are trying to say that banks and governments aren't trusted, but in that case, if something happens, the paper money you have at hand would be useless as well.

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

So you consider land fake wealth only because you can't move it from one place to another? That's not right, and then you say that a car can be a better asset than a piece of land which shows that you are clearly out of your mind because a car depreciates over time and become worthless soon whereas land or property will appreciate over time even if you decide to move somewhere else, it will still be yours and you can come back and sell it later.

Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.

Those who think your way will be broke as well, my friend.  ;D


Title: Re: True wealth and fake wealth
Post by: reagansimms on July 08, 2024, 07:02:20 AM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
This is very contrary to most people mindset, if you look at the future profits of goods, land is clearly better than cars. Buying land is very beneficial in the long term, the price of the land you buy will increase in the future, unlike a car whose value is increasingly depleted unless the car has historical value or is often called an antique car. Having an investment asset in the form of land does not require large maintenance costs, unlike a car which requires maintenance costs, insurance and paying taxes. If you prioritize the function of goods for the future, of course you will buy land rather than a car, unless you are already financially established.


Title: Re: True wealth and fake wealth
Post by: franky1 on July 08, 2024, 07:43:47 AM
having land/property is not a question of true/fake wealth

is that land paid in full or still part of a loan/rent/lease is the question of true/fake wealth

think about it..
if someone earning only $40k and only has $20k in savings suddenly gets a mortgage for a $200k home.. they pretend they "own" and have $200k of wealth in property. yet they still have to pay $260k in total(after interest) to actually fully own it outright

they are not $200k wealthy via signing a mortgage and getting the house key. they are actually $260k in debt

..
alot of people get a car on finance. a car they cant afford to buy out-right. but they do it to show off to the neighbours that they can drive a bentley, lambo or bughatti.. reality is they are paying off a debt for years, never actually owning the car because its a hire-lease agreement. again they are not actually wealthy, they have the appearance of wealth to others but in realty they are in debt


Title: Re: True wealth and fake wealth
Post by: jaberwock on July 08, 2024, 05:38:52 PM
I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.
It is already said to be real, so how can it be fake, right? LoL. And we are also talking about properties here. I think that means like a real estate. They are one of the best investment even up to this date. I guess that is because they are stable, less risky, and profitable overtime.

Each of us are different, so we can't please everyone to be like us. Maybe they don't like risking their money for something else and for them, they are more comfortable seeing their money on their wallets from time to time despite knowing the fact that there are inflations. There might still be some who are not educated about it, so our suggestions are still good and might save them.


Title: Re: True wealth and fake wealth
Post by: batang_bitcoin on July 08, 2024, 09:47:32 PM
I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.
It is already said to be real, so how can it be fake, right? LoL. And we are also talking about properties here. I think that means like a real estate. They are one of the best investment even up to this date. I guess that is because they are stable, less risky, and profitable overtime.
Yes.
Real properties = real estate.
It's just another term or if there is a deeper explanation to it, I don't know but that's easier to understand either of the two, have both meanings.

Each of us are different, so we can't please everyone to be like us. Maybe they don't like risking their money for something else and for them, they are more comfortable seeing their money on their wallets from time to time despite knowing the fact that there are inflations. There might still be some who are not educated about it, so our suggestions are still good and might save them.
I was like that before and it's such lovely to see that I've got a lot of money in the bank and also in my wallet. But after realizing that goods are increasing, inflation will never stop. It's best to find a way to hedge against inflation and one of them is through real estate. And you are right that we're not the same and people can do anything they want and use money however they want.


Title: Re: True wealth and fake wealth
Post by: Promocodeudo on July 09, 2024, 08:10:49 AM
I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.

In as much as individual decision towards investment matters and it is a personal decision for us to use our money to do whatever we feel like doing with it, I will say that real estate which comprises of housing and landed property are one of the best investment that people can venture into, fiat remains a highly inflationary currency which you have stated already, as such it is not advisable to keep fiat, it is better to use your fiat to acquire meaningful asset thats profit driven in the long, i feel that it is even a deceit to say that fiat is stable although I underetand that but it would have been better to call it an inflationary currency and invaluable currency.
OP fails to give clarity to what is meant by real estate properties being fake wealth, how will someone called a profitable asset a fake wealth, the investments that are in competition with real estate are Bitcoin, gold and some other mineral and natural resources not even fiat itself, as for me I will choose real estate over fiat any day anytime, although fiat is also needed but you must invest or do something before you get fiat.


Title: Re: True wealth and fake wealth
Post by: davis196 on July 09, 2024, 11:29:08 AM
Quote
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

Please read a few books about economics and finance and then start posting on the forum.
Being rich and being wealthy aren't always the same thing. Wealth means having assets that bring you financial independence.
Land and property can be sold or rented. It takes time to find a buyer or a tenant, but you will eventually find one.
The money in the bank are under your control(from a legal point of view). You have a contract with the bank and the bank must abide by the rules of the contract(just like you). Stocks and bonds can also be sold. I guess that you are distinguishing a bunch of assets based on their financial liquidity(their ability to be converted into money as fast as possible).
The food in your home has an expiry date. Fiat money are losing their value. I can only agree about precious metals and crypto being part of your wealth. Your wealth can grow only if you keep making the right financial decisions.


Title: Re: True wealth and fake wealth
Post by: Kemarit on July 09, 2024, 11:33:30 AM

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

There's no such thing as fake wealth as you define, maybe they are paper and not liquid, however it is still wealth and the reasons why people are holding it, because of the obvious that they appreciate in time and so it make them more money.

As compare to your definition of true wealth, of course having a good family could be considered as wealth already. But the true definition of wealth is that you have money in your bank, you an sustain your lifestyle, and then you have your investment as the side and you can build generational wealth.

So I guess you really need to re-define your mindset and maybe it's time for you to go back to economic class to reset everything.


Title: Re: True wealth and fake wealth
Post by: batang_bitcoin on July 09, 2024, 03:08:47 PM
I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.

In as much as individual decision towards investment matters and it is a personal decision for us to use our money to do whatever we feel like doing with it, I will say that real estate which comprises of housing and landed property are one of the best investment that people can venture into, fiat remains a highly inflationary currency which you have stated already, as such it is not advisable to keep fiat, it is better to use your fiat to acquire meaningful asset thats profit driven in the long, i feel that it is even a deceit to say that fiat is stable although I underetand that but it would have been better to call it an inflationary currency and invaluable currency.
OP fails to give clarity to what is meant by real estate properties being fake wealth, how will someone called a profitable asset a fake wealth, the investments that are in competition with real estate are Bitcoin, gold and some other mineral and natural resources not even fiat itself, as for me I will choose real estate over fiat any day anytime, although fiat is also needed but you must invest or do something before you get fiat.
Well, I think that he's implying to the literal of what he said. That, real estate is a fake wealth. If so, then all of the rich people in the world are fake rich folks. Because if not 100% of them owns a property and mass real estate for its purpose of investment and appreciation then all of what they do are only for fakeness. But we do know the reality that if all of us becomes rich through Bitcoin, we're pretty sure that we'd diversify it and number one on the list is going to be with real estate.


Title: Re: True wealth and fake wealth
Post by: EarnOnVictor on July 09, 2024, 05:16:26 PM
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
I hope you guys will not kill me with laughs on Bitcointalk. ;D Too many thoughts cause a thing like this but if you are not gifted in creative thinking, the result will always be similar to this. Besides, if your scope of thought is to be thoroughly observed, then there is no wealth for anyone as the food, fiats and precious properties you mentioned as wealth can't always be with you, or you want to be sleeping on them and never let your eyes go off them for once before you know you own and have access to them? That's crazy.

Also, if you don't trust the bank and others for safekeeping but have them abundantly stored in your house for example, you still need security to guard them for you. What if these guards compromised or a natural disaster claims the property in which you stored them? This is why we should not think deeper than necessary, nothing is 100% safe my brother.

As far as I know, though, riches and wealth are not the same thing, and of course, the rich may have more wealth, but still, those who do not have much may have wealth at the same time. Wealth simply means the excess you have that can take you through the future, it doesn't have to be much, immediately sighted or be that controllable by you. So long we have access to it for future use, then we are wealthy of them. Of course, any unforeseen circumstance can happen at any time, and if we think deeply, nothing in this world is spared from that.


Title: Re: True wealth and fake wealth
Post by: uneng on July 09, 2024, 05:41:41 PM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
I believe you are talking about war circumstances, where you may need to escape and run for your life at anytime. So by true wealth you mean to have tools which will allow you to survive on short run and which will proportionate safer and faster methods to escape from hostile forces. You are adopting a short run mindset focused on survival goal, instead of long term goals of building wealthy and developing a consistent patrimony.

However, even in critical times, to seek for land and property is a good plan, once you escape from the critical war scenario you are talking about. You have to seek for a protected, fertile and abundant land to settle down. A land full of clean water sources, where you can raise your crops and breed your animals. A place which will allow you to rebuild and begin from zero once again, far from the threats and sufferings from the place you escaped from.

And about the car, keep in mind that without fuel and maintenance it can't be used for anything at all... In a critical scenario like the one you mentioned, I think that is something you should consider in order to conclude if it's really a true wealth or not.


Title: Re: True wealth and fake wealth
Post by: Ever-young on July 09, 2024, 06:41:34 PM
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
USDT and USDC are even worse to buy and hold because they are something else; they could easily be depegged under any circumstance if the issuance company has the possibility of its value returning to zero, and then again, instead of holding USDT, I will better advise the person to hold a physical USD and save it up on their personal volt; it's safer since there are no differences since it's still the same fiat.


Title: Re: True wealth and fake wealth
Post by: Jatiluhung on July 09, 2024, 06:58:05 PM
True wealth and false wealth can change depending on the situation at hand. In a state of peace, actually owning a business or company, property and real estate is one of the true riches that is always coveted by everyone. Meanwhile, in an unsafe situation or in an ongoing war situation, property and other things that cannot be moved to another place are like fake wealth. but remember when the war is over then we can return to the land we own. As long as the country we live in does not lose the war. Having fiat in hand, gold bars and so on is quite good. Including having bitcoins in our hard wallet. But that doesn't mean it's safe for us to carry everywhere in critical situations. Because these assets are also vulnerable to loss or so on. So basically everything will depend on the situation. And true wealth in my opinion is what we are enjoying right now. Meanwhile, wealth that has the potential to be fake or genuine is wealth that we cannot currently enjoy.


Title: Re: True wealth and fake wealth
Post by: ancafe on July 09, 2024, 07:13:29 PM
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.
This is the same as people who build their own business, even though the concept is small, it indicates that we ourselves are in control. But talking about wealth is relative and there is always no definite figure regarding wealth because the ratio of wealth will differ from one person to another.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
It is not called fake wealth but rather you have assets but do not have wealth in fiat amounts. Fake wealth is more about not having anything but we act like people who have any wealth. Owning land, property, money and shares will put you on the list of rich people, but they are more about assets. If you understand the meaning of these assets, perhaps in the long term land, shares and property will have a good future.

So the fake wealth you are referring to is completely irrelevant in relation to not having money in fiat form. Something that is considered fake because we don't have it is not the narrative you are trying to convey and I think it is wrong. It's up to people how to interpret the meaning you want to convey but in my opinion that is wrong.


Title: Re: True wealth and fake wealth
Post by: South Park on July 10, 2024, 01:01:52 AM
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
USDT and USDC are even worse to buy and hold because they are something else; they could easily be depegged under any circumstance if the issuance company has the possibility of its value returning to zero, and then again, instead of holding USDT, I will better advise the person to hold a physical USD and save it up on their personal volt; it's safer since there are no differences since it's still the same fiat.
Yes and even cash is not a good option to be held long term because even if you have full control of the cash you have in your hands, the government can print more of it and steal from you with the inflation tax, so in that case it is better to minimize as much as possible the assets we hold which can be affected in this way, something that makes me think that once the economy begins to present even more problems, bitcoin will become even more popular as people look for a good asset to hold.


Title: Re: True wealth and fake wealth
Post by: Fara Chan on July 10, 2024, 06:24:00 AM
USDT and USDC are even worse to buy and hold because they are something else; they could easily be depegged under any circumstance if the issuance company has the possibility of its value returning to zero, and then again, instead of holding USDT, I will better advise the person to hold a physical USD and save it up on their personal volt; it's safer since there are no differences since it's still the same fiat.
Physical USD is ordinary money which is also often used by many people to buy and exchange it for the goods they want, meaning that in terms of the level of profit there is nothing except the stability of its value in life. Meanwhile, USDT and USDC are tokens or coins that exist in the crypto market to make it easier for their users when they want to buy or exchange them for other coins because both of them still have more pairs in the crypto market. And in terms of keeping it for yourself, I don't think it would be a problem if it was only for a while before everyone exchanged it back to Bitcoin or something else via the market.


Title: Re: True wealth and fake wealth
Post by: Betwrong on July 10, 2024, 07:15:17 AM
Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
~

It's good that you are referring to paper fiat currency as true wealth. Yuval Noah Harari would approve. And I'm serious here, no sarcasm or anything. I adore Harari, and what he meant was people shouldn't lose their trust in money because that's what distinguishes us from animals. Without our trust in money we'll resort to animalistic chaos pretty quickly. As long as we are humans, let's not abandon that trust.


Title: Re: True wealth and fake wealth
Post by: Roseline492 on July 10, 2024, 08:17:58 AM
Quote
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.

actually I understand the perspective you are heading to but sometimes in as much as the assets that's moveable is not good at times but sometimes is the best but however it all depends on the particular assets in question because considering when there is a crisis and Banks will no longer be functioning as such making things very difficult for people to survive but those that has moveable assets will be able to utilize it and take care of there needs, however land is also one of the best assets because it appreciates in value as time goes by, as the matter of fact there are some places land is there major assets because there is a higher chance in the next 10 years after purchase, the land will worth higher than what you bought it with.


Title: Re: True wealth and fake wealth
Post by: uswa56 on July 10, 2024, 08:46:19 AM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
This is very contrary to most people mindset, if you look at the future profits of goods, land is clearly better than cars. Buying land is very beneficial in the long term, the price of the land you buy will increase in the future, unlike a car whose value is increasingly depleted unless the car has historical value or is often called an antique car. Having an investment asset in the form of land does not require large maintenance costs, unlike a car which requires maintenance costs, insurance and paying taxes. If you prioritize the function of goods for the future, of course you will buy land rather than a car, unless you are already financially established.
What you say is very true, everyone would certainly prefer to own a piece of land if they are thinking about investing in their future and I think the price of land will remain the same in a few years and will increase over a long period of time and that will be very In contrast, the price of a car can change quickly when the newest model comes out.

I agree with you, if we choose to own a car, of course it will have large maintenance costs and there are other costs as you have mentioned, but with the plot of land that we own, we can use the land to manage things that can generate profits such as using it. For agriculture, of course this also produces profits for us.


Title: Re: True wealth and fake wealth
Post by: jaberwock on July 10, 2024, 06:23:52 PM
What you say is very true, everyone would certainly prefer to own a piece of land if they are thinking about investing in their future and I think the price of land will remain the same in a few years and will increase over a long period of time and that will be very In contrast, the price of a car can change quickly when the newest model comes out.

I agree with you, if we choose to own a car, of course it will have large maintenance costs and there are other costs as you have mentioned, but with the plot of land that we own, we can use the land to manage things that can generate profits such as using it. For agriculture, of course this also produces profits for us.
No not everyone. What about the majority of us here in crypto? We don't know much about investing before and even if we discovered it lately because of cryptos, we think that cryptos are still the best investment assets compared to others out there including the land or the real estate. OP already said, one big reason and that is; cryptos are digital, so they are easy to kept even if your invested amounts are so huge. About the land, no. Its price doesn't stay the same, whether you are buying it or selling it, but it can always appreciate.

This is one of the cons as a buyer, not like to cryptos that they are volatile, so late participants can still be able to buy the coin at a reasonable price. Cars on the other hand, do still have their own use cases and vintage cars can still retain their value, especially if we take care of them very well. Car has a maintenance but what about land? They also do have it actually.


Title: Re: True wealth and fake wealth
Post by: justdimin on July 11, 2024, 01:41:31 PM
What you say is very true, everyone would certainly prefer to own a piece of land if they are thinking about investing in their future and I think the price of land will remain the same in a few years and will increase over a long period of time and that will be very In contrast, the price of a car can change quickly when the newest model comes out.

I agree with you, if we choose to own a car, of course it will have large maintenance costs and there are other costs as you have mentioned, but with the plot of land that we own, we can use the land to manage things that can generate profits such as using it. For agriculture, of course this also produces profits for us.
Not always true for everyone, I rather have something that nobody can touch, which is why I prefer bitcoin. My grandfather owned a huge land, at a very very good location, had an estate there, and my father grew up there, he wasn't rich but he certainly wasn't poor, richer than I have ever been at least.

What happened? Government took his land, and they can only do it if they build a hospital on it, what did they do? They build a hospital on the quarter of the estate, and rest they sold and made a lot of money and plenty of politicians pocketed the income instead of the public. This is why I rather have a thing that nobody can touch, no bank, no tax officer, no government, I just want to own it, and crypto in my own wallet is like that.


Title: Re: True wealth and fake wealth
Post by: eightdots on July 11, 2024, 02:57:56 PM
What you say is very true, everyone would certainly prefer to own a piece of land if they are thinking about investing in their future and I think the price of land will remain the same in a few years and will increase over a long period of time and that will be very In contrast, the price of a car can change quickly when the newest model comes out.

I agree with you, if we choose to own a car, of course it will have large maintenance costs and there are other costs as you have mentioned, but with the plot of land that we own, we can use the land to manage things that can generate profits such as using it. For agriculture, of course this also produces profits for us.
Not always true for everyone, I rather have something that nobody can touch, which is why I prefer bitcoin. My grandfather owned a huge land, at a very very good location, had an estate there, and my father grew up there, he wasn't rich but he certainly wasn't poor, richer than I have ever been at least.

What happened? Government took his land, and they can only do it if they build a hospital on it, what did they do? They build a hospital on the quarter of the estate, and rest they sold and made a lot of money and plenty of politicians pocketed the income instead of the public. This is why I rather have a thing that nobody can touch, no bank, no tax officer, no government, I just want to own it, and crypto in my own wallet is like that.

These things may differ depending on where we live. It also varies depending on the time spoken. For example, in my country, land prices have increased very much and those who want to sell cannot. While it used to be a very advantageous investment, it is not now. As I said, investment preferences change depending on time and where we live. Maybe in the future this situation will reverse and they will become a good investment tool again.

As an investment choice, the traditional approach finds purchasing land more appropriate. Bitcoin investment has always paid dividends in the long run. Those who can afford to wait long see Bitcoin as an alternative to traditional investments.


Title: Re: True wealth and fake wealth
Post by: Alpha Marine on July 11, 2024, 04:33:50 PM
So the summary of what you're saying is that real assets are things you can get hold of at any time and you can take them from place to place? That's false. There's nothing like real all fake assets. The definition of an asset is "a thing or quality that has value, especially something that generates a cash flow". So it doesn't matter if you can take it with you in time of an emergency or crisis or not, as long as that thing has value and can bring in profit it's an asset.
Saying Lands and rear estates are not real assets is not true. There's no part of an asset that says they must be useful during the crisis to be called an asset.

And by your logic, fiat in your hand may turn out to be nothing in a time of war because nobody might want money in a time like that. Your money might be useless. Everybody just wants to survive so what would your money do?


Title: Re: True wealth and fake wealth
Post by: Zanab247 on July 11, 2024, 04:55:42 PM
True wealth will make you to stay long in your wealth, by having different businesses around your country because they will start generating profits that will continue to accumulating your wealth in the country. But, fake wealth don't use to last long because if you verify the source of the wealth, you will know that it will not going to last long like those that invested in different businesses, and it will be very hard for such category of business owners to fall down to zero level in wealth because they are not depending on government in the country.

You want to acquire real wealth that will make you popular, I will advise you start investing in estate business and BTC business because there are many opportunity in those businesses that will make you wealthy which is the desire of many investors these days.


Title: Re: True wealth and fake wealth
Post by: Betwrong on July 22, 2024, 07:46:36 AM
True wealth will make you to stay long in your wealth, by having different businesses around your country because they will start generating profits that will continue to accumulating your wealth in the country. But, fake wealth don't use to last long because if you verify the source of the wealth, you will know that it will not going to last long like those that invested in different businesses, and it will be very hard for such category of business owners to fall down to zero level in wealth because they are not depending on government in the country.

You want to acquire real wealth that will make you popular, I will advise you start investing in estate business and BTC business because there are many opportunity in those businesses that will make you wealthy which is the desire of many investors these days.

I'd say investing in real estate is more risky today than investing in Bitcoin. The chances are that the land you are buying today will turn out to be a fake wealth in the near future because of some poisonous plant was built near it or just because of the lack of infrastructure in the vicinity.


Title: Re: True wealth and fake wealth
Post by: TopT3ns on July 22, 2024, 10:24:50 AM
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
USDT and USDC are even worse to buy and hold because they are something else; they could easily be depegged under any circumstance if the issuance company has the possibility of its value returning to zero, and then again, instead of holding USDT, I will better advise the person to hold a physical USD and save it up on their personal volt; it's safer since there are no differences since it's still the same fiat.
So far, what I know about USDT is that it is a digital currency that has full support from the US dollar, so its liquidity value is higher, but the risks it carries are also very large. Moreover, the price movements of USDT and USDC are very slow and are not suitable for investment because it will be difficult to make a profit.

True wealth will make you to stay long in your wealth, by having different businesses around your country because they will start generating profits that will continue to accumulating your wealth in the country. But, fake wealth don't use to last long because if you verify the source of the wealth, you will know that it will not going to last long like those that invested in different businesses, and it will be very hard for such category of business owners to fall down to zero level in wealth because they are not depending on government in the country.

You want to acquire real wealth that will make you popular, I will advise you start investing in estate business and BTC business because there are many opportunity in those businesses that will make you wealthy which is the desire of many investors these days.

I'd say investing in real estate is more risky today than investing in Bitcoin. The chances are that the land you are buying today will turn out to be a fake wealth in the near future because of some poisonous plant was built near it or just because of the lack of infrastructure in the vicinity.
Each investment location will of course provide a different level of risk depending on the investment system offered. So there is no investment place that is free from risk. Therefore, we must wisely use the money we have by looking for information on the investment place you want to choose. In this way we can make decisions about where we want to invest with the money we have.


Title: Re: True wealth and fake wealth
Post by: philipma1957 on July 22, 2024, 04:12:18 PM
Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.

When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.

You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.


I do not give merits to newbies for this year I think you are the first newbie I gave merits to.

I LIKE the attempt you made. Making a list of real vs false wealth.

Fake wealth does exist but it varies location to location and place to place.

A tank of oxygen is very valuable on the peak of Mount Everest. I would certainly give my 75 oz of silver bars for it.

But here in New Jersey I would only offer 1 or 2 oz of silver bars for it.

You missed that idea of why wealth alters from fake to real..

I AM not rich but I am not poor..  I could sell my house my silver my crypto mining gear and my cryptocurrency.  And have a nice pile of cash. On my car seat.

So in all cases my wealth above is real not fake. It's mine I owe no one. And my goverment can take it all . Most people in our world can have all their wealth taken by their governement..

BTW Donald Trump just missed losing everything by less than 1 inch. THE BULLET that wounded him was worth how much about 1 dollar. SO when a rich powerful man can lose it all to a 1 dollar bullet Defining wealth by how easy it is to have it taken away is likely not a good method.

Nice effort.


Title: Re: True wealth and fake wealth
Post by: el kaka22 on July 22, 2024, 05:05:52 PM
What you guys need to understand is that "trolling" is an art form, the idea is to make people talk, and respond to you. So if you say something wrong, then they will come to correct you, that's how you end up with getting some attention.

You could write a topic about something right, you could cure cancer, and people will say "we will see", but you could make a mistake, like say "did you know that 2+2 actually equals 5" and write a silly article, people will go mad and respond to you. This dude is great at it, I appreciate the effort he put in.

Obviously he knows owning land is not fake wealth, obviously he knows money in the bank, or a property is wealth, he is aware of it, to be fair food in your home is wealth too, anyone who couldn't find even one bread for a day would know, I was one of them for a few days in my life, was very poor, I am not anymore and that was just unemployed short period, to be fair I have been average or more all my life, that was just a short time, but anyone who lived that would know food in your home is wealth too, gold or silver is wealth too, but land is wealth too. He is writing that to just piss you off and get you to answer, and he has done a great job.


Title: Re: True wealth and fake wealth
Post by: CryptoHeadlineNews on July 22, 2024, 05:08:09 PM
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
USDT and USDC are even worse to buy and hold because they are something else; they could easily be depegged under any circumstance if the issuance company has the possibility of its value returning to zero, and then again, instead of holding USDT, I will better advise the person to hold a physical USD and save it up on their personal volt; it's safer since there are no differences since it's still the same fiat.
Yes, it's true you guys do have valid points on the negative effects of stable coins when the company that owns the stable coin fail to have enough liquidity or funds to back-up the pegged currency, and when it comes to which stable coin is the safest, I have been able to discover that USDC is far safer than USDT, since it's backed by the United States Dollar with a transparent regulatory compliance as regards to monetery policies, which is why if you are to still have your funds safe in crypto, USDC is still better if you can't avoid have access to a US Dollar bank account.


Title: Re: True wealth and fake wealth
Post by: libert19 on July 23, 2024, 07:42:57 AM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.

The land it depends the location and goverment but goverment generally cant be trusted.

...and yet you suggest stable coins which are centralized and historically there have been cases where wallet funds were freezed.



Title: Re: True wealth and fake wealth
Post by: Minor Miner on July 23, 2024, 10:03:19 AM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.

The land it depends the location and goverment but goverment generally cant be trusted.

...and yet you suggest stable coins which are centralized and historically there have been cases where wallet funds were freezed.



Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.

I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.


Title: Re: True wealth and fake wealth
Post by: franky1 on July 23, 2024, 10:31:11 AM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.

land is not freedom
a. property taxes/ maintenance costs means its an ongoing costs, these days you even get fined by local government for not maintaining property
b. your not free to build anything, you need permits to do things these days, the only thing you dont need permits for is to paint the internal walls. c. externally like building extensions, groundwork, new builds even external paint usually needs permission from state or a HOA
d. if you wanted to change the purpose from agricultural to residential you need permit. or the opposite way round
e. as for selling it, thats not a guarantee. land can lay unsold for months/years or become valueless if the area becomes a ghosttown


Title: Re: True wealth and fake wealth
Post by: pusaka on July 24, 2024, 05:58:59 PM
Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.

I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.
That's also what I was thinking, why are there people who think investing in land is bad as the OP said here. Has he had a bad experience with land or property in the past to come to that conclusion? Moreover, he also compared it with a car, which in my opinion is neither comparable nor reasonable.
Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.


Title: Re: True wealth and fake wealth
Post by: Mame89 on July 24, 2024, 07:10:31 PM
Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.

I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.
That's also what I was thinking, why are there people who think investing in land is bad as the OP said here. Has he had a bad experience with land or property in the past to come to that conclusion? Moreover, he also compared it with a car, which in my opinion is neither comparable nor reasonable.
Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.
There is nothing wrong with investing in land because investment is also one of the best investment choices for those of us who want to gain profits in the long term. So you could say this is like gold, land prices never go down, in fact they go up every year. Comparing it with a car certainly doesn't make sense because cars will go down in price, especially since they are expensive to maintain.

It was possible that he had experienced unpleasant things when investing in land, which was why he told everyone that. Land investment is an investment that has great potential in the long term. However, before starting to invest in land, there are several things you need to know so that you don't experience losses, such as location, disputes and so on, where the owner must know the clarity of the land so that our goal of investing in land can run well and reduce risks, by so we can get optimal profits.


Title: Re: True wealth and fake wealth
Post by: libert19 on July 25, 2024, 01:06:43 AM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.
land is not freedom

a. property taxes/ maintenance costs means its an ongoing costs, these days you even get fined by local government for not maintaining property
b. your not free to build anything, you need permits to do things these days, the only thing you dont need permits for is to paint the internal walls. c. externally like building extensions, groundwork, new builds even external paint usually needs permission from state or a HOA
d. if you wanted to change the purpose from agricultural to residential you need permit. or the opposite way round
e. as for selling it, thats not a guarantee. land can lay unsold for months/years or become valueless if the area becomes a ghosttown

Your points are country dependent, here in India agricultural land needs no maintenance, no property taxes on it, and selling the farmed produce does not incur taxes either.

Regarding house, one who owns the agricultural land is free to build house on it along with whatever one wants to do to the house, but note that there is term FSI (Floor Space Index) here which implies how much of total land area can be used for construction, and this FSI differs from state to state, unless you want more construction than permitted to agricultural land owners, only then you have to convert agricultural to residential.

On selling, where I live there is rapid development, property prices have significantly increased in last 5 years, so at least here, if one were to sell and preferably give some discount, it'd get sold pretty fast.



Above answers are based on my 'afaik' knowledge, if anyone is sound in Indian property affairs, and have something to correct, feel free to do so, I'd be glad.



Title: Re: True wealth and fake wealth
Post by: pusaka on July 25, 2024, 01:53:58 PM
That's also what I was thinking, why are there people who think investing in land is bad as the OP said here. Has he had a bad experience with land or property in the past to come to that conclusion? Moreover, he also compared it with a car, which in my opinion is neither comparable nor reasonable.
Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.
There is nothing wrong with investing in land because investment is also one of the best investment choices for those of us who want to gain profits in the long term. So you could say this is like gold, land prices never go down, in fact they go up every year. Comparing it with a car certainly doesn't make sense because cars will go down in price, especially since they are expensive to maintain.

It was possible that he had experienced unpleasant things when investing in land, which was why he told everyone that. Land investment is an investment that has great potential in the long term. However, before starting to invest in land, there are several things you need to know so that you don't experience losses, such as location, disputes and so on, where the owner must know the clarity of the land so that our goal of investing in land can run well and reduce risks, by so we can get optimal profits.
Apart from the price which tends to rise almost every year, when we own land we can also use it for something profitable, such as opening a business on the land we own. Moreover, if the location is very strategic, we can use it to open a basic food shop, for example, or something else. There are many things we can do, of course we have to be creative in using them to be productive and profitable.
In my current environment, land prices are very expensive, especially in urban areas. Even those in remote places or villages have very high prices. So as time goes by, the price will rise, especially if something is built around it that will invite lots of people there, the price will definitely go up a lot.


Title: Re: True wealth and fake wealth
Post by: STT on July 25, 2024, 11:38:28 PM
The price isnt rising in many cases, its the money becoming steadily less value that causes alot of shift in value.   Land is well known as being one of the most productive long term assets, across generations its been land which has carried a family asset base better then most other considerations.  Also land is protected by law for many centuries where other types of wealth are more often taxed. 

We could argue for gold if you need to transport the wealth which land cannot do but arguably you can rent out land to gain cash or more liquidity.  Gold has no yield to it, its flat in its value across much of time again the price is plain paper losing its value but land can be argued as productively able to give a yield especially when combined with a business.   Arable land generally being the most sort after but even land for grazing is observable useful across a long time hence its fairly genuine wealth.


Title: Re: True wealth and fake wealth
Post by: Fara Chan on July 26, 2024, 02:01:41 AM
There is nothing wrong with investing in land because investment is also one of the best investment choices for those of us who want to gain profits in the long term. So you could say this is like gold, land prices never go down, in fact they go up every year. Comparing it with a car certainly doesn't make sense because cars will go down in price, especially since they are expensive to maintain.
I will not equate land with gold even though you have compared the two to the same, because the price of land which tends to increase every year never experiences a price correction like gold does every year even if only for a short time. So I think everyone also needs to distinguish between gold and land if they want to choose one of them for future investment, but for now people who have started to think intelligently also need to see Bitcoin as the next option which is also not bad for future investment because we have all seen how Bitcoin grows in each cycle.


Title: Re: True wealth and fake wealth
Post by: CryptoHeadlineNews on July 26, 2024, 06:33:18 AM
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
If I'm to choose between $1000 dollar and £1000 pounds, I will definitely go for £1000 pounds, simply because it's market value is more higher than the US dollar. Because the fact that people now choose crypto as a store of value for their asset and US having a stable coin such as USDC, that doesn't make British pounds useless, as it will still remains useful and more valuable then the USD, inasmuch as it's not always common for international monetary transactions. One thing you just need to understand is that not all countries need to have their fiat currencies in stable coins.


Title: Re: True wealth and fake wealth
Post by: justdimin on July 27, 2024, 11:04:23 AM
Apart from the price which tends to rise almost every year, when we own land we can also use it for something profitable, such as opening a business on the land we own. Moreover, if the location is very strategic, we can use it to open a basic food shop, for example, or something else. There are many things we can do, of course we have to be creative in using them to be productive and profitable.
In my current environment, land prices are very expensive, especially in urban areas. Even those in remote places or villages have very high prices. So as time goes by, the price will rise, especially if something is built around it that will invite lots of people there, the price will definitely go up a lot.
Renting it out is the most rich thing I can think of. Having buildings, and I do not mean just like a home or apartment or whatever where people can live, I mean like shops, offices, factories and such, that you rent to other people? That seems like a great deal and I know a lot of people who invested in those things to get richer and they did, they are making a good income as well.

Most people are making a mistake by not buying plots of land, it's just a good idea and could become much larger in the future. I know that it is not going to be easy to handle it all, but it could very well be something that could make profit for some people.


Title: Re: True wealth and fake wealth
Post by: Yatsan on August 07, 2024, 01:17:14 PM
Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.

When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.

You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.


In my opinion the face of global instability, the concept of “true wealth” tends to increasingly shift traditional assets such as fiat currencies, real estate, investments, etc. to tangible forms of currency self-regulated Fiat deposits in banks are exposed to systemic risks and government policies Its potential is vulnerable, subject to deterioration during economic, political or other events As you have noted, . defense systems are limited and may not be reliable in times of major crisis. True wealth, from your point of view, is something physical: food, gold, silver, and cryptocurrencies in and of themselves. Such property may appear more secure because it gives direct control and is less prone to system failure. As much as land and property are valuable, there are certain boundaries associated with portability and immediate liquidity.

You called hard currencies—the likes of USDT and USDC—new-age fiat currencies that impart stability and sovereignty digitally. According to you, this makes them more secure compared to traditional bank-held fiat. You also remarked on the strong currency equivalent option for currencies such as the British pound, which you felt could cause damage for countries not having a stable currency. This is a view that can be explain, simply because there is one common currency that is accepted in the United States; however, it can also be vindicated that budgets and money are a complex allocation influenced by many factors. One may feel safe with the presence of physical assets or self-contained cryptocurrencies; however, diversity and knowledge of the macroeconomic scenery still matter.

Ultimately, pursuing financial stability requires a balanced approach that considers the value of traditional assets and the potential of emerging technologies such as stablecoins and cryptocurrencies


Title: Re: True wealth and fake wealth
Post by: STT on August 07, 2024, 11:39:59 PM
Fake wealth would be owning the debt but not the asset and its productive capacity to make money.  So you own in fact a liability that you hope someone will repay, the problem is in FIAT units of monetary exchange that value returned might be less then you lent out in the first place so you end up taking risk and being worse off.  This is what is happening with government constantly, the money issued is declining in worth that same system of banking is controlling the rough interest rates given on debt also.

Unless you own productive assets you will never be ahead of curve, always chasing that depreciating cash circle of debt.  Owning commodities can be profitable but since the economy is rarely stable you may invest into something not in demand at the time you require the liquidity to service your own costs.   The only real chance people is to part of something productive and regularly so, something able to grow far faster then the debt burden.  This has given some bias towards technology I think as it has an efficiency over time that helps cost reduction justifying the initial debt.


Title: Re: True wealth and fake wealth
Post by: Fiatless on August 08, 2024, 03:28:53 AM
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.

land is not freedom
a. property taxes/ maintenance costs means its an ongoing costs, these days you even get fined by local government for not maintaining property
b. your not free to build anything, you need permits to do things these days, the only thing you dont need permits for is to paint the internal walls. c. externally like building extensions, groundwork, new builds even external paint usually needs permission from state or a HOA
d. if you wanted to change the purpose from agricultural to residential you need permit. or the opposite way round
e. as for selling it, thats not a guarantee. land can lay unsold for months/years or become valueless if the area becomes a ghosttown
It's important to consider the cost of tax and maintenance before choosing properties as an asset. It's strange to hear that you need permits to do many things on a piece of land in some countries. This is because, in my country, land is a good investment. After all, there are no land or property taxes, and you are free to build any kind of house you want, except the lands are reserved for a particular design by the government. You can easily convert a farmland to a building and vice versa. Many buildings in my country are not maintained, and the government cares little about that. The government will only sanction the owner if it has started to house criminals or collapse where people were injured or killed.

The high population in urban areas has made properties in high demand, and it is very easy to rent out or sell a property.

However, the property business can be affected negatively by natural disasters or violent conflicts. Many people lost their properties when a town became flooded because of global warming. The flood submerged these houses every year during the rainy season. Properties become worthless because nobody wants to reside in that area. We also had tribal and gang conflicts in areas, which led to the destruction of lives and properties. Many people had to cheaply sell their properties to avoid being attacked or killed.


Title: Re: True wealth and fake wealth
Post by: Adiljutt156 on August 09, 2024, 07:10:42 PM
Fake wealth would be owning the debt but not the asset and its productive capacity to make money.  So you own in fact a liability that you hope someone will repay, the problem is in FIAT units of monetary exchange that value returned might be less then you lent out in the first place so you end up taking risk and being worse off.  This is what is happening with government constantly, the money issued is declining in worth that same system of banking is controlling the rough interest rates given on debt also.

Unless you own productive assets you will never be ahead of curve, always chasing that depreciating cash circle of debt.  Owning commodities can be profitable but since the economy is rarely stable you may invest into something not in demand at the time you require the liquidity to service your own costs.   The only real chance people is to part of something productive and regularly so, something able to grow far faster then the debt burden.  This has given some bias towards technology I think as it has an efficiency over time that helps cost reduction justifying the initial debt.
I think real money is your assets. I my country, farmers are in high tension because in last year they sell  the wheat in 4500Rs but in this year the rate of wheat is 2200. In last year, they stock the wheat and they thought that they will sell that wheat in next year and next year price would be 5500Rs but now they have no money to meet their expenses and they became greedy and they saw the result of that. In my opinion, gold is good money and that is also called real money because it is limited in earth and no body can create it own. Money value goes down day by day but gold value goes up and up in future. So everyone should invest in real assets through which they can get financial freedom.


Title: Re: True wealth and fake wealth
Post by: kryptqnick on August 10, 2024, 10:12:53 AM
The distinction by the op makes sense to me overall, although I wouldn't put it in the 'true vs fake' wealth dichotomy. It could instead be your vs someone else's wealth, considering that the point is about who truly owns it. Moreover, I am not sure if I understand why land and property are in fake wealth. Maybe that's because the rules are different in different countries, but in mine, you can actually buy a flat, and it becomes truly yours, and the same goes for land. So it's more like food at home than like stocks to me.
I see from the discussion that the issue is that you can't move your flat or land with you, but I'm not sure that I understand why that is so important.


Title: Re: True wealth and fake wealth
Post by: Mr. Magkaisa on August 10, 2024, 12:21:22 PM
Code:
The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.

      -     I can somewhat believe this, because the money you entrust to the bank, once they hold it, it will appear that you have given them the right to hold or control your money with them. Then, when you want to pull out, they have a lot of requirements that will be asked of you.

Imagine how easily they accepted the money you worked hard for. Then,  when you want to take out or take back your money, they don't seem to want to give it back to you, even though they took good advantage of the money that wasn't theirs. That's the stupid banking system, as in all countries the banking system is like that..





Title: Re: True wealth and fake wealth
Post by: slapper on August 10, 2024, 12:30:16 PM
Your bank balance is an illusion, a digital mirage that evaporates when the system glitches. Governments promise protection, but history shows their safety nets are full of holes. True wealth isn't digits on a screen; it's tangible assets – food, cash, precious metals – things you can control when the world goes sideways

But wealth isn't just stuff; it's community. It's about the people you trust, the networks you've built. When chaos strikes, your survival depends on who stands beside you

True wealth is resilience, innovation, the ability to adapt. Cryptocurrency is a middle finger to the broken system. It's about individual control, not relying on crumbling institutions. But even digital assets are volatile. Diversification is key

The US may lead in stablecoins, but don't underestimate other players. The UK might be slow, but sometimes the laggards innovate in unexpected ways

This financial upheaval isn't a crisis, it's evolution. Embrace it, but stay sharp. The future belongs to those who adapt, not those clinging to outdated notions of wealth


Title: Re: True wealth and fake wealth
Post by: pusaka on August 10, 2024, 03:31:22 PM
Apart from the price which tends to rise almost every year, when we own land we can also use it for something profitable, such as opening a business on the land we own. Moreover, if the location is very strategic, we can use it to open a basic food shop, for example, or something else. There are many things we can do, of course we have to be creative in using them to be productive and profitable.
In my current environment, land prices are very expensive, especially in urban areas. Even those in remote places or villages have very high prices. So as time goes by, the price will rise, especially if something is built around it that will invite lots of people there, the price will definitely go up a lot.
Renting it out is the most rich thing I can think of. Having buildings, and I do not mean just like a home or apartment or whatever where people can live, I mean like shops, offices, factories and such, that you rent to other people? That seems like a great deal and I know a lot of people who invested in those things to get richer and they did, they are making a good income as well.

Most people are making a mistake by not buying plots of land, it's just a good idea and could become much larger in the future. I know that it is not going to be easy to handle it all, but it could very well be something that could make profit for some people.
You are right about this, we can rent it out to other people, so we can earn income without losing assets. But of course this requires a strategic location because it is also difficult if it is in a remote place, especially if it is a dead road or in other words a road that is not a main road and is only a road for people around. In my country there are many factories, so they use their land to build rental houses, clearly it is a very tempting business, there is also a luck factor that they have. Because to own land in a place like that is very difficult, because the previous landowner will definitely know what they will get if they have land in strategic places like that. So even if they are going to sell it, the price must be very expensive.


Title: Re: True wealth and fake wealth
Post by: lixer on August 11, 2024, 01:18:24 PM
Renting it out is the most rich thing I can think of. Having buildings, and I do not mean just like a home or apartment or whatever where people can live, I mean like shops, offices, factories and such, that you rent to other people? That seems like a great deal and I know a lot of people who invested in those things to get richer and they did, they are making a good income as well.

Most people are making a mistake by not buying plots of land, it's just a good idea and could become much larger in the future. I know that it is not going to be easy to handle it all, but it could very well be something that could make profit for some people.
You are right about this, we can rent it out to other people, so we can earn income without losing assets. But of course this requires a strategic location because it is also difficult if it is in a remote place, especially if it is a dead road or in other words a road that is not a main road and is only a road for people around. In my country there are many factories, so they use their land to build rental houses, clearly it is a very tempting business, there is also a luck factor that they have. Because to own land in a place like that is very difficult, because the previous landowner will definitely know what they will get if they have land in strategic places like that. So even if they are going to sell it, the price must be very expensive.
Here no one can against this because we all understand importance of having good earning through this method but as mentioned we need property at better place for having good earning because without having this advantage we can't have good income even this can ruin because if your property is not as right place then your money is on losing side, and you are also losing many other benefits of having things well under control.

In my country, we are having nearly 55% to 60% peoples those are not having their own houses and mostly are living on rents with many buildings and other colonies are set by companies for having good solid long run income and commercial based properties are having more income and having business like this is profitable because mostly peoples are trying to have all on rent with they are not interested to spend huge amount for buying.


Title: Re: True wealth and fake wealth
Post by: Mr.right85 on August 11, 2024, 02:29:22 PM
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
OP isn’t doing enough research on these aspects to put today living and society before making projections and conclusions. This in itself can be misleading. Like, OP doesn’t understand that stable coins has some untrue principles. That for every Stablecoin out there, there should be a physical dollar equivalent which is mostly not the case.

Quote
Quote
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.
I have read very few from OP lately and I can place how he seems to view things based on what is physical or tangible or government backed. I guess OP wouldn’t see much in we having to transmit information electronically as we do today. The manual post office and railway transportation of letters system would make much sense.