True wealth and fake wealth

[EarnOnVictor]

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. 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.

[uneng]

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.

[Ever-young]

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.

[Jatiluhung]

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.

[ancafe]

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.

[South Park]

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.

[Fara Chan]

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.

[Betwrong]

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.

[Roseline492]

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.

[uswa56]

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.