Current issue isn't just earning cash but figuring out where to stash it

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#1Jan 6, 2023, 11:52 AM
The main challenge these days is figuring out not just how to make money, but where to keep it safe. You could earn a lot, but if you store your cash in the wrong spots, all your hard work can vanish in no time. A lot of folks are looking at the Middle East and Dubai as safe havens, but that might not be the best choice anymore. People should start thinking critically and learn about the financial system because without that knowledge, their wealth won’t be secure. For instance, in the US, financial institutions are now tokenizing the stock market. They’re aware of future trends and understand that wealth needs to be on a global digital ledger. Until we get to a point where only a few countries have stable internet and power, your tokenized crypto wealth can be safer. Sure, it’ll swing up and down, but it gives you a shot at preserving some of your fortune. When everything hits the fan, having tokenized blockchain assets like land or even company shares could be a lifesaver. Blackrock is already diving into RWA, trying to tokenize everything in the Middle East. They’re not pouring money into physical properties because they’re banking on these virtual assets to secure ownership and shareholder rights. Why buy a pricey property if you think it could be wiped out? It’s not just about having a decent job and income anymore. We’re heading into a world that's more unpredictable and risky, where a lot of governments and institutions can’t guarantee your safety. To keep things running, they’ll likely introduce tighter controls.
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chris.altHero Member
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#2Jan 6, 2023, 01:51 PM
Yes, it's indeed strange times to hold wealth - stocks are struggling, but gold/silver is struggling too. Government debt (bonds) is also risky due to the high debt rate in many countries. In my opinion that "strange" situation is caused by the extreme gold rally 2025. There is simply too much sell pressure at the current levels, and thus there is no upside. Thus gold can't fulfill currently its role as a "contrarian" asset. For me that may be also the reason why the Bitcoin bottom at 60k looks so strong at the moment. Bitcoin is perceived as cheap, and thus some are ready to take some risk, speculating it could be the "contrarian" asset this year and beyond. Of course the war(s), oil prices, and perhaps the AI bubble burst can still hit Bitcoin to take another dump and fall to the 50k zone. But investing 10-20% above the bottom was never a bad idea, and the likelihood imo is high that the bottom will be above 40-45k at least, even in a "bad" scenario. Thus investing in Bitcoin now would essentially be like having invested in Bitcoin when it fell to $20-25000 in mid 2022. The price went even lower afterwards, to almost $15000. But from now's point of view the $20k investors were among the biggest winners of the last 5 years.
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oracle365Full Member
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#3Jan 6, 2023, 07:28 PM
With all the crisis, storing wealth digitally is a better choice than trying to store physically, this is why investment choices should be more focused on digital opportunities like investment in bitcoins over many physical choices. But many will still opt for physical investment and not having any digital investment because they lack good knowledge. They are making the right choice to invest, but they are now investing based on old knowledge.
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k3vin4peSenior Member
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#4Jan 7, 2023, 05:57 AM
Well, in this current economy where a lot of before good assets doesn't seem to be a completely safe heaven again, there's need for diversifying because some people never took it more serious before, some only had all their wealth in one source (some people just held everything they had in stocks), but now, having a good percent of our assets in different sources is good, as for me, I would consider Bitcoin first, gold, stocks and real estate. There are some situation that can come and you need to recover your asset quickly, Bitcoin fits in very well in such situation because it's so liquid (you can sell at any time) and very mobile.
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maxi2017Senior Member
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#5Jan 7, 2023, 10:25 AM
Well, people appreciate the appeal of “gold and bricks”, as they are solid objects, however you cannot transport a house outside of a country when something goes wrong, and if in the meantime there is hyperinflation of the currency, how do you expect to pay for a loaf of bread with a gold bar? In 2026, if you are not invested in liquid digital assets then you will be an easy target, you have a choice to change to existing in a world where mathematics is the only "true" property right or you can continue to live in the physical world until your home gets affected by a "crisis".
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0x0rb1tSenior Member
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#6Jan 7, 2023, 11:47 AM
Accumulate funds until you reach an enough amount of money to acquire a piece of land or house. Properties are still the best investment, as you can make passive income from this, besides the fact they always go up in value. You can rent, you can produce something from the land, you can resell or you can simply live on it. I guess that is the safe path to follow, although there are others, like for an example, predicting which asset or bond is going to be the next thing. AI is not only the future, but already part of the present as well, so it's probably a good idea to invest in companies focused on AI development. I just think that it's something for investors who already consolidated income and patrimony through another ways, meaning they can left the safe level for something more risky.
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GigaSatoshiFull Member
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#7Jan 7, 2023, 03:29 PM
I only consider two options for storing wealth amidst the current global turmoil: Bitcoin and gold. Several other assets are currently less convincing. Stocks have struggled, and real estate is still a viable option, but it's not as prominent as it once was, especially in countries at war. Of course, Bitcoin and gold are experiencing similar challenges, but confidence in these two assets remains strong. Ultimately, however, securing your wealth depends on your knowledge of these assets.
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just_bridgeSenior Member
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#8Jan 7, 2023, 09:03 PM
You cannot categorically state that one is better over the other. This is not the first crisis the world is experiencing and it won’t be the last because of the greed of humans. But let the tell you this both methods of storing wealth are excellent it all depends on your experience.Some wealthy individuals can choose to store their wealth in original and rare artworks, some choose rare earth metals and ornaments , others choose physical buildings while some other choose digital forms. They are all perfect in my estimation as long as you got the experience to protect them.
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sigma07Senior Member
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#9Jan 8, 2023, 12:38 AM
This isn't the biggest problem, the common problem is on how to survive the rising cost of our needs because of the inflation. And one of the biggest factor that it is making it rise quickly is due to the war that's happening now. But if that's the problem that you're saying, then you've got a good problem there. You don't have to think a lot where you need to put or how you'll hold your wealth. Because there are a lot of places where you can invest it. If you're not a good investor, you can choose the bonds that are being offered by the banks if you don't like too much risk. But as we're here, we know that the best place where someone can put that is with Bitcoin.
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vault_gasFull Member
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#10Jan 10, 2023, 03:52 AM
This is what most of investors residing in Ukraine thought about after the 2022 Russian invasion. Many of them should have been moving to the Arabic Gulf especially UAE and Qatar and bought real estates as a safe investment because of the encouraging climate of investment there. After just 4 years, another war has started to reach the Gulf territories despite those countries are not part of it. I am sure those investments coming from Ukraine  lost part of their investments value because real estate prices should have been significantly decreased, and nonody wants to invest in those territories anymore. This just a simple example to prove the fragility of real estate investments in large scale.
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SilentGuruSenior Member
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#11Jan 12, 2023, 07:29 AM
Decentralization helps a lot in this regard, its good knowing that most of the PoS ethereum validator are scattered around the globe that if a country is in conflict, it won't shutdown the blockchain or even if more countries are in conflict worst case scenario is some validator shutting down. RWA is the future for wealth protection where even holding gold in a safe inside our house might not be so secure anymore. As it turns out anything decentralized is the more resilient option for keeping wealth.
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w0lf404Hero Member
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#12Jan 12, 2023, 11:24 AM
No wealth store is sufficiently defensive against the threats of volatility, policy, security, and so on simultaneously. - If your plan holds for a long time, the effects of temporary volatility are not a concern. - If your preference is for self-custody and decentralized storage, the effects of policy are not a concern. - If you insure all your wealth, the effects of security are not a concern (except for your own life).
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0xChadFull Member
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#13Jan 12, 2023, 01:14 PM
The part that's true is, governments are under fiscal pressure and people who have significant assets are restructuring around that. This has been going on for decades actually. Crypto just made it a little bit more democratic, it made certain moves accessible below the billionaire threshold. The story surrounding "bombed heavily" and "great reset" is seductive. It sounds clarifying. But it also turns off nuanced thinking really fast. If you think that the physical world is about to become largely nonfunctional then almost any bets on digital assets seems rational by comparison. That comparison is only valid if the premise is true. Blockchain-based ownership is still reliant on infrastructure. Nodes, electricity, jurisdictions which allow operation. There's no ownership without some system enforcing that owning, whether that's a government deed or a distributed ledger. Both require working social structures around them. That is a candied admission that there is nothing jurisdiction-free. A tokenized asset on a global ledger is still a social contract. Still needs to establish consensus in its legitimacy. The trust is distributed differently yes but the trust has to exist somewhere. The one I buy into is the resilience argument. Diversified, liquid and portable wealth that is not reliant on one jurisdiction. Yes. Good. But resilience is not the same thing as escape. You can't completely get out of the system. Nobody can. The people that believe that they can usually know that fact at exactly the wrong time.
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0xN0nceSenior Member
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#14Jan 12, 2023, 05:39 PM
I agree, because if you have held your wealth in something so volatile, you might have a hard time with the volatility and liquidity of your assets. Timing the market is also a factor: if you have gotten in at the right time, you would have profited from it. Parking assets towards stablecoins could be a plausible strategy if your assets are in crypto. Making sure that in the bear market, you wouldn't lose value, and when you go back in, you would have that bigger bag because you bought at a lower price. I think stablecoins are assets that would help you preserve wealth as well.
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0xNonc3Full Member
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#15Jan 13, 2023, 10:15 PM
Current situation happened in global scene made us realize that no asset is safe towards those declines happening. Those have low risk tolerance might have higher chance to lose their wealth on the crisis happening if they get panic and try to sell at lose those volatile assets that they are holding on. Also there's no assurance with stablecoins because they are also prone with major declines especially if there's something bad happen with the company who owns those coins. That's why the only thing we could do in this situation is to choose those long time reliable asset and have good understanding on current situation happening so that we will not experience any losses if there's global crisis happens.
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its_cipherSenior Member
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#16Jan 14, 2023, 01:53 AM
This is the eternal problem of wealth - the fear of losing it. Indeed, we are currently living in a period of turbulence, as we are at the initial stage of changing the economic model of the world and even more likely changing the social structure to something else. Whether it will be some kind of digital post-capitalism or technofeudalism or some other format of society, we do not know. But such changes of epochs have already taken place in history. And here I have some bad news for the rich. Almost no one has managed to preserve their wealth through the turn of the epoch. After the collapse of the Roman Empire, there was a complete change of the elite. The Roman aristocracy could not bring their wealth into the new era. The same thing happened at the turn of the Middle Ages/capitalism. All these powerful families, medieval banking houses have lost their position and wealth. Not to mention the aristocracy. It will be the same now. The vast majority will not be able to keep their wealth despite sophisticated efforts. But there is also good news. The rich of the new era will be those who are already investing in something that will become the basis of future prosperity. I'm not saying that it's bitcoin or even cryptocurrency or gold in a broader sense. Maybe it's uranium. That's the point, whoever can guess now will win.
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humblefarmSenior Member
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#17Jan 14, 2023, 07:58 AM
Stabecoin is pegged to the dollar, and it is centralized. The government can decide to freeze stablecoins and steal from people. People might end up losing their money because they are avoiding the volatility of Bitcoin. In this precarious time, it will be safer to keep your money in decentralized assets like Bitcoin. The price might drop now, but at least we are hopeful that it will recover in the future.
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rocket_matrixFull Member
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#18Jan 14, 2023, 01:19 PM
The idea that crypto or blockchain based wealth is completely safe is also one sided. The system depends on these three things: Internet, electricity, and access. These can also be affected in the event of a major crisis. So crypto can be a good hedge but it is not right to consider it as the only safe place. So I think a balanced approach where there are some liquid assets and some hard assets and some digital assets is more practical.
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king2011Full Member
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#19Jan 14, 2023, 04:18 PM
Talking about middle east, RWA, system collapse survival, bitcoin as contrarian asset, and market cycle, i think it will be more complete if we including systemic breakdown which often discuss on end times narratives. If we learn from history, in every big crisis, besides market crash, infrastructure usually also collapses, narrative that has been viral recently, the middle east will be the center and final battleground between bad and good. When something extreme happens in there like total war, cyber warfare and total blackout, we'll loose access to our crypto assets. Because it was explained by the Prophet, many Muslims believe that at the end of time only gold and silver will have value, regardless of whether this is right or wrong, economically choose intrinsic value is reliable, different with crypto which need infrastructure to be workable, only with functioning system with existing market, liquidity and exchange, bitcoin can be contrarian asset. If structure survives crypto will be winner, if it's weakens gold will be priority choice and if system collapse only tanggible asset worth. I rather confuse with If large institutions tokenize assets in the Middle East, what they expected for ?  because physically aset in there have high risk destroyed or vanished. are they only anticipating instability by protect asset value or protect claim on an asset ? For me middle eat is region or area which have highest systemic disruption probability because it is center of geopolitical tension. Without access, legal guarantee, liquidity blockchain will be useless. I bet conflict is more persistent than the system. because on end times narrative, there are chaos and extreme disruption, full of instability with weak system authority.
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darklordSenior Member
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#20Jan 17, 2023, 01:45 AM
I think its more harder to make an income stream than holding your wealth; all you have to do is diversify where you keep your wealth. You can buy a government security bond or get a time deposit at a reputable bank, buy Bitcoin, and buy real estate in a place with a good location that will yield you a good profit, buy a gold and store it in a securest place in your house, there are many ways to keep your wealth, all you have to do is to study your options. The most important thing is to follow and get updates on where you keep your wealth, and of course documented it so you can pass your inheritance to your children.
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