Do not trust fiat centralized system with your money

[PrivacyG]

Protection against confiscation is definitely one of the many impressive features of Bitcoin.  If a country bans Bitcoin and goes as far as imposing death penalty to every body who kept using it, you only need to carry 12 words with you outside the borders of that country and you can be free with all the Bitcoin on you.  And no body would know.  There are so many ways you can hide a Seed particularly if you need to run away with it that it only makes sense to be impressed about Bitcoin.

Back when the Ukrainian war started I remember reading about Ukrainians having to bribe the border control in order to be let out of the country.  There was a rumor that if you had a lot of Assets on you, they would keep a significant portion of it as bribe if you wanted to leave.  Now imagine all that Money was sitting in Bitcoin.  Not only did its purchasing power significantly increase since the start of the war, which can only be helpful to refugees, but you could run away with as much as you had on you and no border agent would bat an eye.  The way you can carry the entire economy of the United States on a piece of paper with only 12 words written on to it is absolutely insane.

[Davidvictorson]

Anything can happen, protect your wealth.

One of the easiest way to do so is by holding bitcoin which is a store of value.

This Phong Le’s family fled Vietnam after their wealth was confiscated and their currency reset. This was when North Vietnam took over South Vietnam, any fiat in South Vietnam bank become zero value. Any cash that South Vietnamese have, even if it is $1 million or more, they use it to collect $10 worth of North Vietnamese fiat.

Gold was also not legalized Vietnam at the time. But there might be still be hope for some people but as the fiat become almost useless, rich men that have his money in South Vietnamese Dong may become poor.

https://x.com/i/status/2003818205337571382

I watched the whole 5 minute talk and I loved it. To add to it, I completely agree with so many things he said. In countries that are poor and stuff, bitcoin solves a lot of the money issues. The one that stood out to me the most is that it eliminates the middleman, who in my estimation wants to reap where they did not sow.  His story is so relatable to so many people worldwide in one way or another. I hope some day bitcoin will finally be able to co-exist with our fiat.

[GeorgeJohn]

Anything can happen, protect your wealth.

One of the easiest way to do so is by holding bitcoin which is a store of value.

Bitcoin is not the only best source to hold a store values, they're other store values we can hold, but we only concentrate on digital aspects of holding a store value, Even Gold is a digital assets someone can hold as a store value

Do you know that you can hold a silver or a platinum as a store value, you can protect your wealth through all i have mentioned, people who hold Gold for long term will as brief us the profit they made by holding Gold....

Actually bitcoin is a fast growing digital currency and i believe that it's because bitcoin is growing very fast that's why we forget other Store values.

[m2017]

Anything can happen, protect your wealth.

This stems from the classic double problem of money: "first, how to earn it, and then how to save it". It's necessary to be able to protect not only from inflation, but also physically.

One of the easiest way to do so is by holding bitcoin which is a store of value.

This isn't a simple storage method, as taking personal responsibility for its safety is a complex undertaking. However, it must be acknowledged that bitcoin offers "broad" opportunities for wealth preservation.

This Phong Le’s family fled Vietnam after their wealth was confiscated and their currency reset. This was when North Vietnam took over South Vietnam, any fiat in South Vietnam bank become zero value. Any cash that South Vietnamese have, even if it is $1 million or more, they use it to collect $10 worth of North Vietnamese fiat.

The retrospective of the 1970s is certainly interesting (there are examples from more recent times, by the way), but overall, it demonstrates that local military conflicts arise unexpectedly and destroy the current economic system, devaluing people's wealth. This is where bitcoin could prove to be a financial instrument that allows wealth to be "transferred" to a conflict-free region with minimal losses.

If the Phong family had had the opportunity (and the knowledge) to buy bitcoin at that time, it's possible that they (like many others) would have been able to preserve their savings.

Gold was also not legalized Vietnam at the time. But there might be still be hope for some people but as the fiat become almost useless, rich men that have his money in South Vietnamese Dong may become poor.

The government can confiscate gold under the pretext of storage limits (or any other far-fetched reason), as has happened in the past in America.

[shinratensei_]

I've heard the trend where in conflicting region people are using bitcoin for transaction and to keep their money from being confiscated which is a good thing.
Even in a nation that is not in conflict yet their fiat just losing its value overtime, people are starting to exchange their money to bitcoin.

The technology of peer to peer digital cash really shine bright facing these problem. Even gold isn't as good as bitcoin in this case because gold also need you to have means of transport.

[macson]

Anything that you do not fully own can be taken from you, whether it is fiat, shares, or anything that you keep with another party, then it is not completely yours because you are relying on their trust and at any time they can limit your wealth or even take it completely from you.

Only bitcoin truly offers complete ownership to people. As long as people understand self-custody, it gives people full control over their assets and allows them to leverage their wealth without having to worry about freezing funds, transaction restrictions, or confiscation by the authorities.

This is what makes bitcoin different from fiat and any product of a centralized system.

[SquirrelJulietGarden]

Anything that you do not fully own can be taken from you, whether it is fiat, shares, or anything that you keep with another party, then it is not completely yours because you are relying on their trust and at any time they can limit your wealth or even take it completely from you.

Only bitcoin truly offers complete ownership to people. As long as people understand self-custody, it gives people full control over their assets and allows them to leverage their wealth without having to worry about freezing funds, transaction restrictions, or confiscation by the authorities.

This is what makes bitcoin different from fiat and any product of a centralized system.

It's not your key, it's not your coins. It is a first vital thing to actually own and control your coins.
Another vital factor is where there are smart contracts for companies, governments to freeze coins even in your non custodial wallets. With altcoins, with stablecoins, there are such smart contracts and that powerful ability for companies and governments. Holding stablecoins, you will have depeg risk and fund freeze risk, a lot of risks and many reasons to avoid storing your wealth in stablecoins.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets.
Stablecoins and blacklists.
Stablecoin blacklists: How they work and who controls them?

[davis196]

Anything can happen, protect your wealth.

One of the easiest way to do so is by holding bitcoin which is a store of value.

This Phong Le’s family fled Vietnam after their wealth was confiscated and their currency reset. This was when North Vietnam took over South Vietnam, any fiat in South Vietnam bank become zero value. Any cash that South Vietnamese have, even if it is $1 million or more, they use it to collect $10 worth of North Vietnamese fiat.

Gold was also not legalized Vietnam at the time. But there might be still be hope for some people but as the fiat become almost useless, rich men that have his money in South Vietnamese Dong may become poor.

https://x.com/i/status/2003818205337571382

That was back in the day, when communism was popular. There was no Bitcoin/crypto back in 1973. The only alternative to fiat was gold.
Those times are gone and I don't believe that communism would ever become popular again. Even the communists in China and Vietnam have adopted capitalism. North Korea will adopt capitalism sooner or later.
I agree that some totalitarian and authoritarian dictatorships might want to confiscate people's wealth and fiat money, but this happens mostly in underdeveloped countries. The totalitarian regime might find out that some people have crypto wallets and the regime will do it's best to obtain control over those crypto wallets. I've heard that North Korean hackers are really good at hacking centralized crypto exchanges. If they can hack centralized exchanges, hacking people's cold wallet won't be that difficult.

[Asuspawer09]

Well, that was very unfortunate if that is going to happen, I mean fiat is not actually not that bad since it is a tool that we used overall, but it just suck when it comes to holding its value, I mean yes it is going to hit up when it comes to inflation since it is being control by the government but the thing with Vietnam that is reseting the currency and you need or force to give your hard earn money and they will change it only 10$ worth of vietnamese money is just ridiculous just hearing it, He mention as well that it is keep on happening in some countries, I mean im not really aware of this but if it is stil happening today you need to flew to other countries.

Luckily Bitcoin is going to solve this, fiat money is becoming some a tool for taking advantages of the people by the govenment, if you wanted to be safe to this kinds of straight up ponzi scheme or scams like fiat money investing in Bitcoin is really is the way to preserve or money's value, surely still on diversifying my asset to gold, real estate and Bitcoin which is going to be my main goal.

[CryptSafe]

Anything can happen, protect your wealth.

One of the easiest way to do so is by holding bitcoin which is a store of value.

Not just buying and holding, keeping quiet like you have nothing is another way of protecting your assets but I guess wealthy elites prefer status over privacy. If you have Bitcoin and you are under a wicked government, your Bitcoin can be seized regardless. If a government find you uninterested, they can seize your Bitcoin and take it from you and there is nothing you can do unless you are ready to go toe to toe with them by sharing nothing, that's if they handle your case as a civil matter.

This is just the best dose for such a situation. Owning your wealth in bitcoin and keeping quiet like you know nothing, and nobody would look your way because they would think you are nothing and have nothing of such to offer. Maybe till people become wiser to know this, the better for them to avoid much trouble from the government and other issues as it relates to attacks and lots more.

[LastKiss]

If you keep all of your assets in fiat currency, it’s worth questioning your overall financial strategy. Fiat can be useful, but relying on it entirely exposes you to risks that are often overlooked. Inflation steadily erodes purchasing power, governments can easily monitor and control it, and policy changes such as higher taxes or restrictions can directly affect how much of your wealth you actually keep.

Even traditional alternatives like gold are no longer fully private. In many places, purchasing gold still requires personal identification, which defeats the idea of holding a truly independent store of value. That’s why many people see Bitcoin as a compelling option. It offers portability, resistance to inflation through its fixed supply, and a level of financial sovereignty that fiat systems simply don’t provide. Tt’s still practical to keep a portion of your assets in fiat for everyday expenses and emergencies. Cash is useful for short-term needs and unexpected situations. However, putting all your wealth into fiat means placing complete trust in a system that can track, devalue or restrict your assets over time.

[8rch7]

Anything can happen, protect your wealth.

One of the easiest way to do so is by holding bitcoin which is a store of value.

This Phong Le’s family fled Vietnam after their wealth was confiscated and their currency reset. This was when North Vietnam took over South Vietnam, any fiat in South Vietnam bank become zero value. Any cash that South Vietnamese have, even if it is $1 million or more, they use it to collect $10 worth of North Vietnamese fiat.

Gold was also not legalized Vietnam at the time. But there might be still be hope for some people but as the fiat become almost useless, rich men that have his money in South Vietnamese Dong may become poor.

https://x.com/i/status/2003818205337571382

Totally agree with your ideas about how to protect our wealth, nowadays the government have full control with our assets when holding or saving money in the bank suddenly freeze and we can't withdraw all saving money confiscated by the state. So holding and saving bitcoin as main assets is really important but hold it the wallet without know by public until the government, not access yet for the government control with our bitcoin assets and its fully secure how to protect our wealth from bad decision did by government.

Saving bitcoin in cryptocurrency wallet more secure for us and our family in the future, if something bad happen with our country we can run away and still have much money in bitcoin investment, there are not any way yet for the government freeze our assets during hold in the wallet. If save in the gold although legalize has opportunity with our gold assets freeze by government and we can't get back the opportunity after confiscated by the state.

[GreatArkansas]

Even traditional alternatives like gold are no longer fully private. In many places, purchasing gold still requires personal identification, which defeats the idea of holding a truly independent store of value. That’s why many people see Bitcoin as a compelling option. It offers portability, resistance to inflation through its fixed supply, and a level of financial sovereignty that fiat systems simply don’t provide. Tt’s still practical to keep a portion of your assets in fiat for everyday expenses and emergencies. Cash is useful for short-term needs and unexpected situations. However, putting all your wealth into fiat means placing complete trust in a system that can track, devalue or restrict your assets over time.

How about buying Bitcoin on centralized exchanges? Like before, you can own Bitcoin, you need to undergo in some verification like KYC, which you really need to submit and share some of your personal identifications, so I think soon, this will become normal, like what is happening with gold right now. But still, you already escaped the fiat part once you already owning Bitcoin.

[Fiatless]

Bitcoin is not the only best source to hold a store values, they're other store values we can hold, but we only concentrate on digital aspects of holding a store value, Even Gold is a digital assets someone can hold as a store value

Do you know that you can hold a silver or a platinum as a store value, you can protect your wealth through all i have mentioned, people who hold Gold for long term will as brief us the profit they made by holding Gold....

Actually bitcoin is a fast growing digital currency and i believe that it's because bitcoin is growing very fast that's why we forget other Store values.

Bitcoin is not the only good store of value, but it is one of the best. Digital gold would be stored in a centralized company which could expose it to government seizure. Keeping physical gold is risky, and moving it from one place to another might not be convenient. Bitcoin stands out because you can keep it in a non-custodian wallet and move it conveniently from one country to another during emergencies. Also, take note that Gold and other precious stones need special care to preserve them

[Swordsoffreedom]

Bitcoin is not the only best source to hold a store values, they're other store values we can hold, but we only concentrate on digital aspects of holding a store value, Even Gold is a digital assets someone can hold as a store value

Do you know that you can hold a silver or a platinum as a store value, you can protect your wealth through all i have mentioned, people who hold Gold for long term will as brief us the profit they made by holding Gold....

Actually bitcoin is a fast growing digital currency and i believe that it's because bitcoin is growing very fast that's why we forget other Store values.

Bitcoin is not the only good store of value, but it is one of the best. Digital gold would be stored in a centralized company which could expose it to government seizure. Keeping physical gold is risky, and moving it from one place to another might not be convenient. Bitcoin stands out because you can keep it in a non-custodian wallet and move it conveniently from one country to another during emergencies. Also, take note that Gold and other precious stones need special care to preserve them

In fact, Bitcoin is not the only store of value, the only inflation hedge, or the only profitable investment. Before Bitcoin emerged, many other asset classes had fulfilled those roles and done so very well, such as gold, real estate, stocks, and even bonds.

But we have to admit that bitcoin is outperforming other financial instruments. In particular, when it comes to storing value, Bitcoin excels due to its decentralized nature and resistance to censorship. Bitcoin gives us full control and absolute autonomy over our assets, something that other traditional and physical assets cannot offer.

But remember, everything has a price. When we have full control over our assets, it also means we are fully responsible for their safety.

[Wind_FURY]

Anything can happen, protect your wealth.

One of the easiest way to do so is by holding bitcoin which is a store of value.

This Phong Le’s family fled Vietnam after their wealth was confiscated and their currency reset. This was when North Vietnam took over South Vietnam, any fiat in South Vietnam bank become zero value. Any cash that South Vietnamese have, even if it is $1 million or more, they use it to collect $10 worth of North Vietnamese fiat.

Gold was also not legalized Vietnam at the time. But there might be still be hope for some people but as the fiat become almost useless, rich men that have his money in South Vietnamese Dong may become poor.

https://x.com/i/status/2003818205337571382

It might not have saved all of the people who lost their savings, but if Bitcoin existed during that time, I'm very confident that some of them would be saved from the sort of financial oppression from the new regime.

They could ban Bitcoin, but they could never stop it because, how could they unless they ban public use of the internet.

[Bitcoin_people]

In the current situation we are seeing, we should not really trust fiat currency, anything can happen at any moment. Due to monetary policy, fiat often decreases, moreover, if the government of a country prints currency illegally, its value will gradually decrease a lot, which can cause losses for people. However, I think that fiat currency should be kept only for daily life purchases and should not be invested in it and kept as much money. When fiat currency is kept in the bank, it is very risky, but I think that when you can buy Bitcoin with this money, it will not be so risky. Basically, if you invest in Bitcoin and keep it for a long time, it is possible to make a lot of profit, the profit in Bitcoin is higher than in fiat currency. Bitcoin is a store of value, so investing in Bitcoin will be the best option for the future.