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.

[jaberwock]

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.

[justdimin]

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.

[eightdots]

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.

[Alpha Marine]

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?

[Zanab247]

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.

[Betwrong]

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.

[TopT3ns]

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.

[philipma1957]

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.

[el kaka22]

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.

[CryptoHeadlineNews]

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.