Bitcoin vs Traditional Assets" Is Bitcoin the Future of Wealth Protector?

[Regbon134]

Bank account land or gold Bitcoin is not like any of them, although Bitcoin is a high volatile asset, then it gives us long-term security. Not only security, it increases the value of our assets. And at the same time, it gives us financial freedom because it is decentralized.
As the previous years the US government itself has seized billion dollars of citizenship even here there were many assets against which there were absolutely no clear allegations. If those dollars had kept their assets in Bitcoin, then they could have given security to their assets themselves through just a seed phrase of 12 keywords.This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

[Findingnemo]

now I want to hear somthing from you the real bitcoiners.

What you are really looking for?

US seized citizenship?

Buddy, you need to make it clear for others to understand the context of your post to give an appropriate reply. Bitcoin is not really made to protect your wealth, but if it does, then it doesn't hurt to use it.

[Orpichukwu]

Anyone who wants to invest in any asset and hold it for long should not consider using stablecoins because they are fully centralised, both Circle and USDT; they can freeze your asset with any little thing as long as they see your address and suspect it, not just USDT. Many altcoins are also freezable.

What you are really looking for?

US seized citizenship?

Buddy, you need to make it clear for others to understand the context of your post to give an appropriate reply. Bitcoin is not really made to protect your wealth, but if it does, then it doesn't hurt to use it.

The US government and Tether have seized billions of dollars in USDT and USDC, and the number keeps on increasing, which makes me believe this should be what the op is referring to; a typo could have been the case here.

[PX-Z]

... As the previous years the US government itself has seized billion dollars of citizenship even here there were many assets against which there were absolutely no clear allegations. If those dollars had kept their assets in Bitcoin, then they could have given security to their assets themselves through just a seed phrase of 12 keywords.This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

Citizenship? How US government seize those assets due to citizenship? I guess you need to make it clear. Yes, having your assets in bitcoin could make security for your assets in case of seizure but sooner or later they will still investigate you and your stuff so they will still know that you engage in crypto and probably ask things related about seeds and private keys.

[Alphakilo]

Bank account land or gold Bitcoin is not like any of them, although Bitcoin is a high volatile asset, then it gives us long-term security. Not only security, it increases the value of our assets. And at the same time, it gives us financial freedom because it is decentralized.
As the previous years the US government itself has seized billion dollars of citizenship even here there were many assets against which there were absolutely no clear allegations. If those dollars had kept their assets in Bitcoin, then they could have given security to their assets themselves through just a seed phrase of 12 keywords.This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

The seed phrases are very important to secure your Bitcoin holdings on a cold or hardware wallet, so even now the U.S government can seize your holdings mostly when it is in a centralized exchange, but you will have to provide these seed phrases before they can have access to your cold wallet to seize it just like that, but with legal rights.
That's why it's also a good practice to diversify your portfolio and also have more than one cold wallet storage with proper maintenance of your seed phrases hidden away.

Traditional assets could be manipulated in some way and that's why Bitcoin acts as a hedge against such and being on a decentralized system means no manipulation from a third party.
Bitcoin literally protects you from the failure of the traditional financial system we have today like the banks and that's why it is different and authentic in its own way besides stocks and gold.

[AVE5]

As the previous years the US government itself has seized billion dollars of citizenship even here there were many assets against which there were absolutely no clear allegations. If those dollars had kept their assets in Bitcoin, then they could have given security to their assets themselves through just a seed phrase of 12 keywords.This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

Bitcoin of course is potential to financial inclusion and its properties has variably been system that defeats regulatory custodians and valuable instability of the bitcoin currency.
Storing your funds in the fiats instead or bitcoin doesn't mean that the legal law agence like the tough US government can't get rid of your funds if you're found guilty for any illegal transactions in your wallet or even  suspicious to how you acquires your bitcoin.
The law enforcement agencies can get you on detention and forces you to showcase your seed phrase just like when you get bullied by armed robbers to force you open open your wallet.
The authority also had the mandate to order the exchange to get rid of your funds just like that since the exchange is regulated.
It's just better to avoid illegal involvements with your bitcoin and then your security won't be a lawfully disturbance to be tampered while you hold firmly on your on your non custodial storage system.

[HelliumZ]

Bitcoin is different from traditional assets, especially traditional assets are money deposited, bank accounts, your deposited documents, gold, silver and land. All traditional assets are not the same, especially you can see gold and silver, land at the same time, but their profits are not as high as Bitcoin and the possibility of giving more profits in a short time is also less in all these traditional assets. If you invest in Bitcoin and hold it for a long time, then there is a possibility of getting a profit from all these traditional assets several to hundreds of times. However, investing in Bitcoin is more risky than traditional assets, but there is more guarantee that you will get a profit.

[MAAManda]

Bitcoin (BTC) is a safe haven, with all the benefits its infrastructure & ecosystem offers. Among Bitcoin (BTC) & traditional assets, the ones that have the closest characteristics are Bitcoin (BTC) with Gold (XAU), Silver (XAG) & Land.

Those three traditional assets offer long-term profit, but there are still cons there, for example with XAU & XAG, they're not that portable, difficult to carry around for safekeeping purposes. Land is the same, what if the area where you own the land experiences conflict, let's say war, can you still say that's your land?

With Bitcoin (BTC), the portability problem is solved, you can easily take your Bitcoin (BTC) anywhere.

[jossiel]

And at the same time, it gives us financial freedom because it is decentralized.

Bitcoin being decentralized is more with the control away from the government or any central authority and not with financial freedom.

If it's about financial freedom, we can wield to its factor for being a highly volatile asset.

But I agree with those seizure of people's assets, if they have kept it in bitcoin they are unlikely to seized it unless they're forced to take it by their hands personally.

[X-ray]

Even though your sentences aren't very clear but I know what you mean. Assets can be seized but the fact that bitcoin lives on a decentralized network and can be accessible with the seed phrase from anywhere could be a great wealth protector when crisis arive.

Just imagine the scenario where you are living in country with very unstable economy and political situation outside the US and everything comes crashing down caused by unstability. If you have bitcoin, you could get your seed phrase, seek refuge and cash it out with the local exchange. Sounds really solid and that's true.

Bitcoin is really helpful for people who lives in such condition, where they need a fast way to preserve wealth and borderless. That is why bitcoin will always be here forever. It's ground breaking for wealth preserving means.

[Smack That Ace]

Bitcoin is different from traditional assets, especially traditional assets are money deposited, bank accounts, your deposited documents, gold, silver and land. All traditional assets are not the same, especially you can see gold and silver, land at the same time, but their profits are not as high as Bitcoin and the possibility of giving more profits in a short time is also less in all these traditional assets. If you invest in Bitcoin and hold it for a long time, then there is a possibility of getting a profit from all these traditional assets several to hundreds of times. However, investing in Bitcoin is more risky than traditional assets, but there is more guarantee that you will get a profit.

The era when investing in Bitcoin yielded enormous returns and hundreds of times greater than traditional assets is over. We cannot expect a trillion dollar market capitalization asset to increase by thousands of percent anymore, that glory days are long gone.

However, it is true that bitcoin still offer better return than traditional asset. But everything has its price, and investing in bitcoin will expose us to greater volatility and higher risk.

[OcTradism]

Bank account land or gold Bitcoin is not like any of them

Nothing is the same as any others.

Bitcoin is a thing that belongs to a new technology class and it's another different asset class compares to land or gold. Bitcoin blockchain and bitcoin are different than fiat currencies stored in bank accounts.

although Bitcoin is a high volatile asset, then it gives us long-term security.

Price volatility is about price, not about security so it's not good to connect price, volatility and security.
Bitcoin security is good, as it's impossible to break Bitcoin private keys as it is more than probability of finding an atom in the universe.

What if someone generates the same private key as me?

The range of 256-bit numbers (and therefore the number of possible private keys) is unfathomably large. Just as it's impossible for the human mind to visualize the true scale of the universe, it's impossible for the human mind to comprehend the sheer size of 256-bit numbers.

The size of Bitcoin’s private key space (2²⁵⁶) is an unfathomably large number. It is approximately 10⁷⁷ in decimal. For comparison, the visible universe is estimated to contain 10⁸⁰ atoms.

Not only security, it increases the value of our assets. And at the same time, it gives us financial freedom because it is decentralized.

Financial freedom has two parts. The first part is full control of your finance, and with Bitcoin, private keys from non custodial wallets, bitcoin owners fully control their coins.

About decentralization, it means there is no centralized censorship on any Bitcoin transactions, so if you have your bitcoin private keys, you are free to move your bitcoins in transactions which will be confirmed by decentralized miners and relayed by Bitcoin nodes.

As the previous years the US government itself has seized billion dollars of citizenship even here there were many assets against which there were absolutely no clear allegations.

Governments can order banks or altcoin founders to freeze and seize fiat currencies or altcoins like stablecoins in bank accounts and altcoin wallets (even non custodial altcoin wallets) but they can not do the same with Bitcoin.

Most Stablecoins Can Be Frozen, Even in Your Own Wallets

[crwth]

BTC is basically a hedge. It would be better if you had self-custody, but make sure you have the necessary protection and avoid mistakes when keeping the seed phrases, etc.

~snip
This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

Right now, it could be anything. As long as you believe in it. It should be a complementary asset not a replacement of other traditional assets.

[CryptoYar]

Bitcoin is different from other assets such as bank deposits and land in that it alone is permissionless. As you correctly stated, seed phrase is fortress that can not be physically removed from your control by government, and it is first for human history. Gold is decentralised, but it is not very portable in time of need, while Bitcoin is instantaneously portable. Personally, I think we are heading towards future where Digital Portability will be one of the most sought after qualities in an asset. It is not only price appreciation, it is having last resort in banking system that can be turned on and off at will.

[Agbamoni]

This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

Most billionaires and millionaires in the US dont practise self-custody. If they do, I dont see why Microstrategy and 21 Capital will have millions of dollars invested in Bitcoin. Decentralization is a feature of Bitcoin, but many people who dont feel safe unless a trusted party holds the asset for them. The truth is, most of them want someone to blame in case of an investment loss.

[Minor Miner]

This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

Most billionaires and millionaires in the US dont practise self-custody. If they do, I dont see why Microstrategy and 21 Capital will have millions of dollars invested in Bitcoin. Decentralization is a feature of Bitcoin, but many people who dont feel safe unless a trusted party holds the asset for them. The truth is, most of them want someone to blame in case of an investment loss.

Most billionaires do not manage their own asset because they are bound by legal regulations, taxes, and inheritance purposes. It is not that they cannot manage their assets themselves or want to find someone to take responsibility when problem arise.

In addition, while Bitcoin is secure, it is not absolutely secure. Putting all your eggs in one basket is a bad idea. I believe that when you own billions of dollars like them, you would do the same thing instead of just letting Bitcoin hold and protect your asset.

[m2017]

Bank account land or gold Bitcoin is not like any of them, although Bitcoin is a high volatile asset, then it gives us long-term security. Not only security, it increases the value of our assets. And at the same time, it gives us financial freedom because it is decentralized.
As the previous years the US government itself has seized billion dollars of citizenship even here there were many assets against which there were absolutely no clear allegations. If those dollars had kept their assets in Bitcoin, then they could have given security to their assets themselves through just a seed phrase of 12 keywords.This is my basic thinking about bitcoin, now I want to hear somthing from you the real bitcoiners.

I'm far from a real bitcoiner, but I'm willing to share my opinion.

If the state wants to seize your assets (any), trying to "hide" them in bitcoin won't save you, because under threat of imprisonment, you'll voluntarily utter those same 12 (24 or even more ) words just to get them to leave you alone.

While the legal framework wasn't previously prepared for this new asset, everything is changing in this world, and soon (in all countries) the circumstances under which crypto assets can be confiscated will be spelled out.

The days when crypto allowed people to "fly under the radar" are gradually ending.

Crypto currencies themselves are useless if it can't be used as a means of payment (or speculatively). That is, one way or another, crypto currencies are converted into traditional currencies, which every b uses to bitcoiner purchase goods or services. This is where the government will ask questions, and there's no real need for it to run after your crypto currencies. The origin of the funds. If you bought a car, a house, or something else, explain how you did it.

[Agbe]

People has used bitcoin to become good living in their lives so it is happening now and not in the future. Those who started the journey from 2011 or 2015 are living good lives with bitcoin and those who want to start now and just starting their investment from 2020, it is their future of rich not wealth.

[Hatchy]

What you are really looking for?

US seized citizenship?

Buddy, you need to make it clear for others to understand the context of your post to give an appropriate reply. Bitcoin is not really made to protect your wealth, but if it does, then it doesn't hurt to use it.

I hope the OP returns to fix his mistakes or reply to the thread. What he was trying to say is that the government has seized millions of dollars from people without any evidence of a crime. I agree with him the government does this often.
When you use a centralized system, the government has full authority over your money. Bitcoin eliminates the possibility of government censorship. You have direct ownership of your funds, and how you store them is entirely up to you. Many people still use centralized exchanges because they think it's safer, but they forget that these platforms are still controlled by the government..

[Smartprofit]

Yes, in my opinion, Bitcoin is a very good safe-haven asset.🙋

It protects its owners from virtually all external threats, from inflation to confiscation. Despite periodic bear markets, Bitcoin's price rises over time. Therefore, Bitcoin holders are very well protected from inflation (which many call a "tax on the poor").

Human history has seen numerous confiscatory monetary reforms (for example, the confiscation of gold from US and UK citizens). There have also been numerous events such as freezing bank deposits, redenominations, hyperinflation, paying wages in war bonds, etc. All of these events led to the same result: citizens lost their money.

Bitcoin (subject to certain secrecy rules) allows one to maintain anonymity and confidentiality of wealth, thereby avoiding its confiscation. This can work especially well in conjunction with other cryptocurrencies (for example, Monero) and cash.

Bitcoin can also help you preserve your wealth when forced to flee one country to another.

Just memorize a sequence of 12 English words, and you can cross any international border without hindrance (without fear of your wealth being confiscated).💁