So Banks who can show they got CRYPTO OR GOLD SILVER only i trust them.
Most banks don't have crypto and showing someone their gold and silver reserves is very crucial. They're not going to show anybody what they have in their vault just for them to trust you. Unless you're someone huge like the ones that we have in world like Elon or some Arabian billionaires, they won't mind giving you their time and will convince you to trust them and put your money in them while giving you a free tour within their underground vaults. 
Topic: Holding money in bank you hold nothing - page 3. (Read 570 times)
So here's the thing—do you actually know what you're holding? Does that cash, gold, or even the crypto in your "private wallet" really represent your wealth? You say you don't want "speculative" assets and that you want "real wealth." Alright then, what's your definition of "real" wealth? How do you even measure it?
Real wealth is first something i can control hold and touch coins gold cash.
But the numbers on bank Screen.!
However those Banks who will put cryptocurrency or stablecoins on their balance sheets i start to trust other banks not to be taken seriously!
Let's not forget the reality of MONEY the currency it's to be exchanged against real assets like land and resources.
BANKERS DONT WANT ANYONE PAY BACK ,they want to give out Money just to get assets.
Because very educated people knows money If it's not backed with good ratio of crypto or gold it's worthless, forget about BONDS TREASURIES this is pure gamble.
I take my life on my Hands, it takes few cyber hacks banks and goverment treasuries department and all your wealth is gone!! I Dont like this game it's a gamble i trust only what value and quantity is exacly.
You can't trust If no proof! So Banks who can show they got CRYPTO OR GOLD SILVER only i trust them.
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You hold nothing If this money not backed by something real or atleast with cash.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
It seems that you have really understood the real value of money so you are starting to have a little wiser opinion for yourself regarding saving money. Because the value of money can tend to decrease when there is inflation or when there is an increase in the price of goods that is beyond our own expectations. So when you start choosing gold or other crypto like stablecoin, at least it can save your money value for a long time. But you also have to choose the right choice when your choice is on stablecoin whose value is integrated with the USD currency value. The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
So here's the thing—do you actually know what you're holding? Does that cash, gold, or even the crypto in your "private wallet" really represent your wealth? You say you don't want "speculative" assets and that you want "real wealth." Alright then, what's your definition of "real" wealth? How do you even measure it?
That's common sense. If your money is in the bank, you indeed hold nothing. There's nothing controversial there. Your money is in somebody else's possession. When you need money, you have to go to the bank and ask them to give you back your money. What's controversial is that the bank can say no.
Secondly, if you want a guarantee that your bank numbers are backed by the exact equivalent amount of physical money, you'd be disappointed. They cannot provide you that guarantee. Unfortunately, they aren't doing anything illegal in that way. It's allowed by law.
Finally, the bills in your wallet and the coins in your purse aren't your property. Your government owns them.
As far as your Bitcoin is concerned, you don't actually hold them either, but you can have the exclusive access to it.
Secondly, if you want a guarantee that your bank numbers are backed by the exact equivalent amount of physical money, you'd be disappointed. They cannot provide you that guarantee. Unfortunately, they aren't doing anything illegal in that way. It's allowed by law.
Finally, the bills in your wallet and the coins in your purse aren't your property. Your government owns them.
As far as your Bitcoin is concerned, you don't actually hold them either, but you can have the exclusive access to it.
You hold nothing If this money not backed by something real or atleast with cash.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
Perhaps you are the only one who think that way towards money, if you don't understand much about the usage of money you shouldn't just come out and say anything because everything you said sounds too exaggerating to me about your money not affording any cryptocurrency when you said you have money in the bank, however even if you have upto $1k or even lesser abit, still you can afford a lot of cryptocurrency if you want including Bitcoin. Actually in terms of keeping money in the banks is individual decision and you don't even no what someone is keeping it for or the business he had in mind, so actually you should try not to equate your money with gold before you can see it as anything. The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
Welcome to the modern banking. We also call that fractional reserve banking. Long story short they print more papers than the assets they really hold in their reserves. Too bad the same illness has infected crypto too. Most crypto exchanges do the same thing sadly. That’s why you can only protect yourself if you own your own private keys and secure them your own coins yourself. (A.k.a be your own bank)
However, leaving legacy banking completely is also not practical in a world we currently live in because bitcoin won’t buy you groceries. You still need cash and a credit card to make your daily purchases.
It doesn’t have to be one or another in the end. Just use both as long as it benefits you.
However, leaving legacy banking completely is also not practical in a world we currently live in because bitcoin won’t buy you groceries. You still need cash and a credit card to make your daily purchases.
It doesn’t have to be one or another in the end. Just use both as long as it benefits you.
For you to make your plan work out in real life, you must involve money and for you to cash out the money to carry out your plan, may be you have been saying the money in the bank or wallet because those are the places you can save your currencies for future purpose. Saving your money in the bank, doesn't mean you are not hodling anything just that third party is involved because you cannot withdrawal the money from the bank without third party involve, but in crypto, there is no third party if you want to carry out any transaction within the country or outside the country, there is no third party which is the advantage that is attracting people to hodl crypto in their wallets than hodling fiat money in the bank.
If crypto is not legal tender in your country, do everything possible to save some money in the bank and save some money in crypto in case you what to buy goods from the country, you can use the money in the bank to buy whatever you want and allow the crypto in your wallet for long time before you can sell to increase your wealth.
If crypto is not legal tender in your country, do everything possible to save some money in the bank and save some money in crypto in case you what to buy goods from the country, you can use the money in the bank to buy whatever you want and allow the crypto in your wallet for long time before you can sell to increase your wealth.
You hold nothing If this money not backed by something real or atleast with cash.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
You have so much to learn, but instead of learning you keep on coming here to spout nonsense. There is nothing mature about the way you look at finance if holding cash is your master plan. Cash is trash quite frankly and it is losing value over time so you need it in a saving account at a minimum or invested in assets that are productive, like shares in a company or an index fund. What are you going to do when there is a freak accident and your house burns down with your bundles of (imaginary) cash inside it? The banks have many redundant systems to keep track of the funds and the central governments of most countries now give a guarantee to back all funds up to a certain limit inside banks, in order to avoid bank runs which can be harmful - this has been effective for keeping relative stability for decades.
most countries like mine are trying to go cashless and at some point, i think that's a good one for the local banking system because it makes the cases like stealing and money misplacement reduced and, I've been thinking from op's point of view on how convenient and safe it might be to house huge sum of money and to be be frank it's insane for one to just stock some huge sum of money in their house just because you don't want to get it in the bank.
there are several options to store money and since you're in the forum, i think you know that having them in bitcoin is cool and you can also get a hardware wallet just incase you also want to hold something in your hand.
in conclusion, i think op has some personal issues with his local bank and i perceive this as more of a personal issue thank just kicking against local banks.
you can always save up BTC and I think BTC is exactly for that.
bank like other mentioned is like an exchange, but one thing that you need to know is that you can withdraw your money anytime though if it's bigger number you'd need to send a notice first.
the thing is, people uses bank because it's simple, they put the responsibility of bank credibility to the law enforcement to judge, and customer only need protection from the law about being a customer and have legal ground about their rights. what they care is just they are putting money there and they can withdraw it anytime, no need to carry physical good or something to retain wealth. that's it.
bank like other mentioned is like an exchange, but one thing that you need to know is that you can withdraw your money anytime though if it's bigger number you'd need to send a notice first.
the thing is, people uses bank because it's simple, they put the responsibility of bank credibility to the law enforcement to judge, and customer only need protection from the law about being a customer and have legal ground about their rights. what they care is just they are putting money there and they can withdraw it anytime, no need to carry physical good or something to retain wealth. that's it.
Holding money in bank you hold nothing is true, but because financial transactions are almost entirely through banks there is nothing that can be done but to continue using the bank. Holding crypto may provide profit if it is the right crypto but losing everything can also happen because crypto is full of surprises, so which is better? is to hold where you understand the risks so as to increase awareness so that what is targeted can be achieved.
Bonds are considered safe because they are backed by the government and pay regular interest. But in general bonds have quite low returns compared to other investments, but thats the nature of investment low risk low returns A stablecoin does offer digital flexibility and stability but falls when the market is under stress. Physical assets make one feel secure, but bonds add stability and diversification to a portfolio. Maybe it would be more beneficial not to regard bonds as speculative but to consider them part of a balanced approach that takes hard asset security and combine that with diversified investments for a safe and secure long term investment. However if you want to widen your horizon about investment there is always place for Bitcoin and maybe a small piece of other cryptos, while it's not backed by real asset but the utility drive demands.
Holding money in the bank is the same as holding crypto funds in exchanges. Not your keys, not your coins. The risk of having your money seized is real, and since it's a move executed by the government in the case involving banks, you have nobody to resort to. It's a "legalized scam" and it has already happened in the country where I live in the 90's decade. Moreover, the bank never has the amount of money customers hold there. If everyone tried to cashout at once, the bank wouldn't have enough funds to pay everyone.
That is why it's important to adopt a strategy of diversification with your funds. Don't put all your eggs in the same basket.
That is why it's important to adopt a strategy of diversification with your funds. Don't put all your eggs in the same basket.
Money held in the bank can be used for a lot of useful things.
We are not going to demonize money and the banks because of bitcoin.
it’s known that under centralized exchanges your money is not completely yours because someone else has access to it and therefore they can do anything to it and you won’t have a say to itWe are not going to demonize money and the banks because of bitcoin.
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There is evidence that money tied down in the bank loses its value over time, yet that doesn't mean the bank doesn't play an important role or that the money suddenly becomes useless when there is no inflation.
but there is never no inflation it will always exist that is why bitcoin plays a much crucial role if you want to hold money in 
You hold nothing If this money not backed by something real or atleast with cash.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
Why are you asking banks for stable coins and cryptos? they're not an institution that supports cryptocurrency. The majority of them just don't support it so, it's of odd to ask them with that kind of question.The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
I agree with you 100%.Like the private keys or seeds that we own, we own our money in there. But as for the government or bank bonds, there's a proof to support your money in there.
It's a form of lending to them and the bond you receive is the guarantee that you'll be earning from it but that's lesser risk, and lesser profit.
Money held in the bank can be used for a lot of useful things.
We are not going to demonize money and the banks because of bitcoin. There is evidence that money tied down in the bank loses its value over time, yet that doesn't mean the bank doesn't play an important role or that the money suddenly becomes useless when there is no inflation.
In times of inflation, recession, and other economic problems, holding money in the bank will be the worst financial move to make. The money depreciates in value, so will be the worth of the individual too. During this period, money should be converted into assets that are inflation-proof to preserve it. Bitcoin is one of those inflation-proof instruments. It is an hedge against inflation.
We are not going to demonize money and the banks because of bitcoin. There is evidence that money tied down in the bank loses its value over time, yet that doesn't mean the bank doesn't play an important role or that the money suddenly becomes useless when there is no inflation.
In times of inflation, recession, and other economic problems, holding money in the bank will be the worst financial move to make. The money depreciates in value, so will be the worth of the individual too. During this period, money should be converted into assets that are inflation-proof to preserve it. Bitcoin is one of those inflation-proof instruments. It is an hedge against inflation.
You hold nothing If this money not backed by something real or atleast with cash.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
You have so much to learn, but instead of learning you keep on coming here to spout nonsense. There is nothing mature about the way you look at finance if holding cash is your master plan. Cash is trash quite frankly and it is losing value over time so you need it in a saving account at a minimum or invested in assets that are productive, like shares in a company or an index fund. What are you going to do when there is a freak accident and your house burns down with your bundles of (imaginary) cash inside it? The banks have many redundant systems to keep track of the funds and the central governments of most countries now give a guarantee to back all funds up to a certain limit inside banks, in order to avoid bank runs which can be harmful - this has been effective for keeping relative stability for decades.
You have no idea how the system works.
Make a business plan, get seed money, talk to your bank, get funding and you might make millionaire.
Banks are system columns, states are build upon it.
Make a business plan, get seed money, talk to your bank, get funding and you might make millionaire.
Banks are system columns, states are build upon it.
You hold nothing If this money not backed by something real or atleast with cash.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.
It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.
I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.
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