Cryptocurrency and your wealth existing until there internet and electricity

[_BlackStar]

-snip-

I don't think you're safe either if all your wealth is only in the form of cryptocurrencies. Although I am in midst of them too, I think that storing wealth in form of different actives would be the smarter move. To me the main problem with fiat is that it loses value due to inflation (and depending where you live, that you could lose control over it etc. but not in most cases) but it is still true that it is the most liquid active so far. Cryptos are subject to high volatility, which is a nuisance, and pegged coins are not 100% safe.

Don't trust, diversify

I like the idea of ​​diversification rather than just having the same asset. Diversifying into other assets besides crypto is a way to go that is likely to be safer than just having crypto - but we also need to choose which assets can give good returns in the long run. I agree fiat is not one of them - but gold and some other options can be considered good for diversification.

Many gold investors also diversify into other assets such as property or others - meaning they choose more than one source of potential returns rather than just one asset. In crypto it might only be good on bitcoin - I don't recommend diversifying into multiple altcoins.

[passwordnow]

So the statement is clear If your wealth not in cryptocurrency you not safe.

This statement is false. As an individual you have the right to store your wealth anyway you choose to do it.

It could also be correct, if your wealth is only in the form of fiat, in the banks and any other assets that can be affected by your state. You're not really safe at all. They can take whatever they want to take but that's far from happening although we're only talking about the possibilities which are very unlikely to happen. And I am in midst of both of you that both of you are either correct.

I don't think you're safe either if all your wealth is only in the form of cryptocurrencies. Although I am in midst of them too, I think that storing wealth in form of different actives would be the smarter move. To me the main problem with fiat is that it loses value due to inflation (and depending where you live, that you could lose control over it etc. but not in most cases) but it is still true that it is the most liquid active so far. Cryptos are subject to high volatility, which is a nuisance, and pegged coins are not 100% safe.

Don't trust, diversify

Yeah, no one is safe unless he's firm with his decision of by having all of his entire assets in crypto but mainly in Bitcoin. I wouldn't store wealth in fiat but I know that we all need cash somehow, they say that it's still king but it only becomes a king because we spend it for our needs. Diverfisication is the key and I agree with you about. There is a need for everyone to get into both worlds of crypto and as well as real world assets. But be mindful that there are crypto projects that are also diving into RWA telling that they're into it but it's a different thing of what I'm trying to say, get into real estate, buy that house if you're capable of which if you have profited from the crypto market turn it into it.

[DrBeer]

Cryptocurrency wallet wealth is tangible wealth.
It's your "james bond moment" like agent to move wealth with you or store or save.
Your wealth in cryptocurrency will be still existing until there is smart phones internet access and Electricity.
Untfortunately i don't know how people gona move or store safely the gold or silver.
Untfortunately country currencies wich not on blockchain allready not safe, right now usa got trough USDC and circle their dollars in safe blockchain in times of wars and crisis also there is euro EURC by circle,congrats to Europe and usa citizen your currencies are pretty much safest.

Once UK been the powerful and wealthy and kind of smart yet they have not transfered their wealth over to blockchain and cryptocurrency means no security and safety of UK £ or UK assets.

Also TETHER, USDT got
Tether (USDT) is primarily pegged to the United States Dollar (USD), but it also has versions pegged to other fiat currencies, including the Euro (EUR) and the Japanese Yen (JPY).
Also chinse and mexican currency on tether so those countries are smart and prepared.

What the russia uk canada and many others think ? It seems like they purposly let their nations to crash down and no assets safety no stablecoins nothing.

So the statement is clear If your wealth not in cryptocurrency you not safe.

Sounds good, but there are nuances.

As we can see - cryptocurrency does not give a guaranteed, stable growth, and often leads to a loss of value. The volatility of cryptocurrencies has not gone anywhere.
Therefore, crypto as an asset for daily storage and use - already a bit dubious.
Diversification is the answer here.
The second subtle nuance - if you find yourself in a situation where there is no internet, or access to a wallet - you ... you simply have no means of livelihood! At all ! And even having a hardware wallet, you will not be able to use it to buy food or refuel your car ...
So the second answer - also diversification !
And in general - to trust and trust only one asset - this is definitely not dangerous ....

[boyptc]

There are safe grounds in keeping wealth. Don't just say that it should be in crypto.

We're not biased here despite that this is a bitcoin forum and we encourage everyone to invest and buy Bitcoin.

Choices are everywhere about where we can keep our wealth and that's not limited to crypto. Other assets are there for us to choose but if someone sticks to crypto, that's totally awesome and fine.

[Stella Mese]

-snip-

I don't think you're safe either if all your wealth is only in the form of cryptocurrencies. Although I am in midst of them too, I think that storing wealth in form of different actives would be the smarter move. To me the main problem with fiat is that it loses value due to inflation (and depending where you live, that you could lose control over it etc. but not in most cases) but it is still true that it is the most liquid active so far. Cryptos are subject to high volatility, which is a nuisance, and pegged coins are not 100% safe.

Don't trust, diversify

it is the right thing to think about, and diversification is suitable to do in saving funds, thereby reducing the impact of the risk of loss that occurs, which of course if your wealth is in crypto, all is not good, because the crypto market goes up and down sometimes it is difficult to predict and for the long term it seems less suitable, with diversification in various fields can be done or businesses that can essentially have sources of income from various businesses.

[Scarlett_23]

OP, I agree with you that the richest countries in the world like America, England, Australia, Canada have not transferred their wealth to blockchain. These countries still use their own currency. Not all countries in the world have supported Bitcoin yet. As a result, it is not yet known to all the people in the world. Since it is an internet and technological thing, no one can function without net technology. However, fiat money has been prevalent for a long time and is known to everyone. Cryptocurrencies are used as an alternative to fiat. However, fiat currency, real estate, gold are not completely dependent on the internet. Cryptocurrency is a very safe asset as long as you do not forget or lose its seed phrase.