Hard work does not guarantee wealth but yes where you store the value.

[Cossyblack]

For me it's not only about where you store your money but the investments you were able to own with your money. There are people who can invest the last money they have in a potential asset because they know that it will surely generate income for them. Wealth is not really measured by how much you have in your bank account balance but how many assets do you own? Bitcoin is good to store our money since it is a hedge against inflation but also we should not forget that the market is volatile. The idea should be to store some money in bitcoins and use the rest money to invest in real life assets that can generate steady cash flow in the long term.

You have a good point here because even if bitcoin is a store of value and hedge against inflation but we shouldn't just put all of our eggs into one basket because if anything happens to it,we might lose everything. The idea of splitting our resources in halves and not investing all of it in bitcoin is a good one. Bitcoin doesn't offer any form of guarantee,so diversifying into other investments like real estates,stock & Bond, Gold and other lucrative businesses  would help reduce the risks and generate more incomes. Since bitcoin isn't guaranteed,your other investment assets would be your backup incase something bad happen to it in the future.

[terrific]

To me, it's the missing liquidity that's missing. All funds invested in volatile or illiquid investments can pose problems for an individual who has saved a good long-term store of value. They may have made a good investment but be sold when the market is bad due to an emergency. I think that's why I view wealth management in terms of liquidity, preservation and growth. While there's a long-term component to bitcoin, it's also vital to retain sufficient funds available at hand. The right asset is not just based on the value it may have in the future but on when the funds will be required.

That depends on the choice.
If that investor chose the wrong assets and he's aware of the potential illiquidity of it, that's their problem to face.
But having this wealth in bitcoin, you'll barely have this problem and it's not a common one to see such.
That's why holding bitcoin is the best option to store wealth and as a store of value.
Many are not still not convince but that's their homework to be done.

[Junii]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

Yes mate i agree with you due to inflation the purchasing power of fiat decreases per year and to fight against this investment is a best option. Everyone knows that investment fights inflation also in investments there are a lot of options but the one is bitcoin you mentioned the volatility and i agree with you but if you compare today's market volatility with few years back market you will understand that the volatility is decreasing and market is moving towards maturity because we are still early in this market and if people and other countries adopt this bitcoin in the future we will see a mature market.

[Samlucky O]

Surely hardwork doesn't guarantee wealth but how you are able to build it Matters a lot. Investment is the modalities of wealth, you can't talk about wealth or success without investment, everyone is talking about hardwork, focus and consistency but no one is thinking about the type of investment that will make you succeed. Well you are right that fiat depreciate in value with the passage of time unlike Bitcoin that is volatile. But don't Also forget that risk is attached to Bitcoin Also. As a person that wants to succeed any investment platform, no matter how Good they may appear, don't risk more than you can afford to lose. You need to take a calculated risk before investigating despite how attractive the offer may appear. The beginning of failure in business is not seeing the risk but only focus on profit that's why many who venture into business loses.

[Spaceman1000$]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

I've been trying to wrap my head around what your actually driving at, if it's about storage of value and which currency or which investment is most valuable to store your money, however your topic talks about hard work does not guarantee wealth, but in the body of your text, I'm trying to collaborate what you've said and the topic in a bid to make a sense out of it.

Wealth in terms of financial stability might come as a result of your own expertise concerning your ability to use money you own and double the money with whatever investment or skill you are good at, the idea of banking money over the years has been discouraged by financial experts, this is because, the money is supposed to be put in an investment that will double its profit and not to sit idle, so whatever currency you have, if you are good in investing in that currency with what you have, trust me you will double your amount.

Bitcoin from your explanation is volatile, and there is no doubt about that, but most investors will tell you to invest with your discretionary income, this is so that regardless of the volatility of the market, you won't have panic because it is from a fraction of your resources that you are investing, this also to let you understand the the growth of your Bitcoin investment wouldn't come in a sudden manner, it will gradual.

[Jubilee58]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

Creating wealth is a combination of hard work, and creative investment, many people are investing in Bitcoin today from their active money which is a store of value. And hard work is beyond what many people think, it doesn't necessarily mean putting pressure on oneself, but could be a kind of mental ability to produce successful result. On this note, adding value to your money requires investment that will add value on the long run. The use of fiat currency will only reduce the value of your money, but there are assets many of them that sustains value on the long run such as real estate investment, Bitcoin stock, gold etc. To succeed in this kind of sustainable investment you must be well informed about them. While these investments are there, there are people who lack the idea, and still pile up their money in the bank where it looses value. But money stored on reliable asset can only increase in value, and enable you gain financial strength.