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Author Topic: If being robbed could destroy your finance  (Read 106 times)
Pablo james (OP)
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April 24, 2021, 04:57:43 PM
 #1

You have all your money holding crypto, stock,bonds, bank savings account,I believe your financial advisors might have told you buy stocks, crypto,ETFs to get rich in 5 years,20 years, life isn't even that assured.if you can withdraw all your money from these media. You are not rich. you are just simply having lots of money for the time being.i can literally leave you in my apartment, you can Rob me, take all my money from my wallet, forex broker,stock broker and all. But guess what? I can't get a financial depression. The whole of my money isn't in physical forms like banks or stocks where you can see and even count them. True you don't get it right?

Ok, you are holding BTC but the creator of BTC is the actual rich person.he is the creator, you are the consumer. I have more than $150 million asset valuation that can't be affected by market picks and dumps.
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April 24, 2021, 05:01:58 PM
 #2

Ok, you are holding BTC but the creator of BTC is the actual rich person.he is the creator, you are the consumer. I have more than $150 million asset valuation that can't be affected by market picks and dumps.
Let's assume satoshi lost access to his wallet means he can never access those funds even if he created the bitcoin which means you are rich not the creator because its our money and you are holding it.

If your assets are in stocks, bonds, ETFs, cryptos, and even physical properties the value will be changed according to the market.
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April 24, 2021, 08:47:30 PM
 #3

If satoshi is still alive and will cashout all of those bitcoins that he has, then as a "consumer" as you say, I also own some.

The difference is that he has only a lot of it and I've got a few of it that fits my lifestyle and it's not about being rich but living comfortably and frugally.

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[/ta
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April 24, 2021, 09:32:10 PM
 #4

You have all your money holding crypto, stock,bonds, bank savings account,I believe your financial advisors might have told you buy stocks, crypto,ETFs to get rich in 5 years,20 years, life isn't even that assured.if you can withdraw all your money from these media. You are not rich. you are just simply having lots of money for the time being.i can literally leave you in my apartment, you can Rob me, take all my money from my wallet, forex broker,stock broker and all. But guess what? I can't get a financial depression. The whole of my money isn't in physical forms like banks or stocks where you can see and even count them. True you don't get it right?

Ok, you are holding BTC but the creator of BTC is the actual rich person.he is the creator, you are the consumer. I have more than $150 million asset valuation that can't be affected by market picks and dumps.

I am not sure if I fully understand what you mean. Sure you could sell all your assets and just leave FIAT cash at home, but like you said the risk of being robbed is just too high. You could lose everything at once. The idea behind spreading your wealth across a lot of different Assets like Crypto, ETFs, Stocks, etc. is that if one of these goes down they others should be unaffected and will help recover the losses.  Having a lot of money being secure from market price dumps is a good idea. But is your money actually save? And is it protect against inflation as well? Having cash at home will just lose purchasing power each year.

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April 25, 2021, 05:57:07 PM
 #5

If satoshi is still alive and will cashout all of those bitcoins that he has, then as a "consumer" as you say, I also own some.

The difference is that he has only a lot of it and I've got a few of it that fits my lifestyle and it's not about being rich but living comfortably and frugally.

Why do even people suggest Satoshi is dead?
Where does that come from? I have always assumed the guy or group of guys are having a good long-lasting luxurious vacation in Japan with sushi and models.

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bitterguy28
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April 26, 2021, 09:57:50 AM
 #6

If satoshi is still alive and will cashout all of those bitcoins that he has, then as a "consumer" as you say, I also own some.

The difference is that he has only a lot of it and I've got a few of it that fits my lifestyle and it's not about being rich but living comfortably and frugally.

Why do even people suggest Satoshi is dead?
Where does that come from? I have always assumed the guy or group of guys are having a good long-lasting luxurious vacation in Japan with sushi and models.
If the person don't show almost 10 years after what can the laws be assume? and you as human what can you suggest happened?
that long time would become a irresponsive act that will turn a people to be treated as dead, even if a single person or a group.

consideration can be attest by own actions.

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April 27, 2021, 06:46:13 AM
 #7

If satoshi is still alive and will cashout all of those bitcoins that he has, then as a "consumer" as you say, I also own some.

The difference is that he has only a lot of it and I've got a few of it that fits my lifestyle and it's not about being rich but living comfortably and frugally.

Why do even people suggest Satoshi is dead?
Where does that come from? I have always assumed the guy or group of guys are having a good long-lasting luxurious vacation in Japan with sushi and models.
Because it has been so long since we last heard or felt Satoshi's presence so we don't know if Satoshi's still alive or already dead.
But back to the topic I thought it would be spiritual post but I guess I was wrong it was still about financial.
Anybody would get depressed or anxious when they got robbed or lost money I think it is normal I think even the rich would feel it too,
Unless the amount that has been robbed or lost is an amount you could easily recover and you gotten used to it then it wouldn't affect too much on you.

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April 27, 2021, 07:42:29 AM
 #8

If satoshi is still alive and will cashout all of those bitcoins that he has, then as a "consumer" as you say, I also own some.

The difference is that he has only a lot of it and I've got a few of it that fits my lifestyle and it's not about being rich but living comfortably and frugally.

Why do even people suggest Satoshi is dead?
Where does that come from? I have always assumed the guy or group of guys are having a good long-lasting luxurious vacation in Japan with sushi and models.
It was not a suggestion but they are basing in reality , If Satoshi is still Alive then where He/They are now?

what would be the faith that the creator/creators are still around and just watching us above?









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April 27, 2021, 09:23:07 AM
 #9

 I guess what you are basically saying is that diversifying safely or probably having other assets in multiple places that thieves can't easily access is what guarantee riches?
Well, I would probably consider myself rich if I can always get the good things I need in life anytime I need it. To guarantee this, I will likely need to make sure they can be produced by people around me, and that they can easily be moved around for safety/security reasons.
I can also completely rely on our CREATOR for riches and never have to worry about stockpiling them especially for selfish purposes.
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April 27, 2021, 01:10:15 PM
 #10

Yes, a satoshi is a rich person who has a lot of bitcoin. But if he does not sell his bitcoin and his bitcoin remains on his wallet without doing anything, you are a rich person than him. But no matter he will sell his bitcoin or not, you still rich because you have your own bitcoin, stock, and other investment things. You do not have to see other people's wealth because you have your own wealth, so just focus on being a rich person.

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