Topic: Why you should choose digital assets over physical assets. - page 2. (Read 771 times)

When civilization collapses and internet & electricity become a luxury, your digital assets won't help you at all unless you have at least 1 million dollars' worth. This has happened a lot in wars, civil wars to be more specific.

When a civil war hits, it's only gold and silver, and maybe agricultural land, that are the assets important to everyone. So if you really want safety in all conditions, you should also hoard some gold and silver.

Disadvantages of digital assets:

• Security concerns: This na the highest concern because anything digital can be hacked from you when you no protect yourself well. For example if you go dey use online wallets or exchange to store your Bitcoin instead of a non custodial wallet.
• High Volatility etc

I really agree with you what you said, digital asset is becoming more adopted though they are both important and useful as far as life is exist but however, the global world are tremendously increasing and advancing technology on daily basis, digital asset are more easily accessible anywhere and anytime as when compared with physical assets and it makes life more easier, it saves time and energy but perhaps both the digital asset and physical asset have their advantages and disadvantages and they are both contributing to making life meaningful.

Digital assets has its advantage over physical assets, the same time physical assets still has some specific advantages over digital assets which makes it a choice and an option among some investors. To create a balance it is advisable that you have both physical and digital assets as investment, more digital assets than physical assets, because digital assets are becoming more lucrative with more ease, and then some physical assets have more reliability than digital assets incase they fail.

Physical assets are good from the standpoint of diversification of investment and maybe for showing off that you have wealth, but in comparison to digital assets like Bitcoin, it's better to invest in digital assets over most physical assets.

Na wetin some people no know be that, for example, you fit see person wey go dey advise their friends make dem buy crypto, with the promise say dem go make money if dem buy am. This person no go tell the friends say we get so many crypto and a lot of dem na shitcoin or scam coin, dem go just dey talk about crypto generally. Saying "assets na assets" no make sense, no be everything be asset, and some na just trap for you to lose money.

I believe that investment in physical as well as digital assets is a great combination to secure the kind of wealth that would last generations.
Afterall, we live in a physical world and of course physical assets can easily be insured and gained from in times of disasters or as it regards recovery of lost and misplaced documents.

People with what they want if you tried telling them about digitalization and they still remains mute to it then go ahead and show them prove because investing in digital currency doesn't end, maybe whenever they feels like join the investment they could make a turn to start investment. As for me I still prefer investment on digital currency than owner a share in bank or landed properties, even though those who are thinking of only physical properties are people who have narrowed their thinking to only one area of life which is why it's very difficult to change from what they knows to digital currency.

Please I think I would like to correct you on that note of assets being asset when if it's the general comparison then I can understand but if we are looking at particularly digital asset alone then the context of that your statement would be greatly challenge because there are whole a lot of shit project that one can't even call an asset that's if you are naive enough to even put your money on them.

In my own view assets is assets,but there are risk involved in both sides.is better having both assets it help, because any might be needed at anytime.if you have a digital asset and you need finance for something you can trade and and get cash to solve your problems fast.cause you can sell your digital asset and get t paid immediately.but physical might take little time or days to actualize.but digital has more higher risk than physical cos you can lose it in a twinkle of an eye.

Physical assets are good from the standpoint of diversification of investment and maybe for showing off that you have wealth, but in comparison to digital assets like Bitcoin, it's better to invest in digital assets over most physical assets.

1. You can be filthy rich with a Bitcoin holding that's worth $billions and still live a low-profile life unlike owning physical assets like acres of land or properties that are tied to your name and will bring unnecessary attention.

3. It's not subject to government regulations or environmental issues

One sign that tells you that someone is still some centuries behind is when you talk about an investment option with them and all they talk about is physical assets. Some don't even see buying a digital asset as a good investment option probably because they've been used to buying properties or assets they can easily see and show people that they own it or one that's popular like land, gold, houses, machinery, etc. But when it comes to choosing either physical or digital assets to invest in, the advantages of owning digital assets are far more than that of owning physical assets.

Advantages of digital assets.
1. You can be filthy rich with a Bitcoin holding that's worth $billions and still live a low-profile life unlike owning physical assets like acres of land or properties that are tied to your name and will bring unnecessary attention.

2. Digital assets are mobile which means that at any time you choose to relocate to a desired destination, you don't need to worry about selling all your assets before doing so, you can just sell a small fraction that's enough to sort out your traveling fair and keep holding to your digital asset. That's not possible for physical assets as it will require that you sell them under pressure and you might be forced to sell them at a very low price.

3. It's not subject to government regulations or environmental issues: digital assets are not subject to regulation of the government or environmental changes that will affect assets like lands, gold, houses, and properties. As long as you're with your keys and you're alive, regardless of the environmental hazard or bad government policy that's not favorable in your location, you can easily change location while holding your digital assets.

Physical assets are good from the standpoint of diversification of investment and maybe for showing off that you have wealth, but in comparison to digital assets like Bitcoin, it's better to invest in digital assets over most physical assets.

The reason I can prefer bitcoin is because there are many ways I can protect the coins in ways that no one on earth can steal my coins from me. Some people can make mistakes but if you have the right knowledge about how to protect your coins, no one will be able to hack it. And the security would be of low cost. Unlike physical assets that would be of high cost.

There are some physical assets that are worth it. No one can steal your house if you have the legal backup. Also are real estates and land. But that is if you go the right way and have the legit property papers. There are physical properties that can not be stolen.

Though Digital asset is good, but we can not underestimate the physical assets. Physical asset has its role to play in the physical world. While the digital has it role to play in the digital world, both are unique in there ways and 1 can never be neglected over the other. For example you talked about advantage of digital assets as something that can be controlled with your phone at anywhere in the world provide you have your keys/pass phrase with you, but you forgot that if you lost access to your wallet, all your asset are gone. But if you have physical assets like land or company and you lost documents to your physical assets you might swear an affidavit of lost of documents and your asset will still be available but it can not be so in digital assets like bitcoin.

Physical asset can never be neglected because If everyone happens to invest in only digital asset, who then will invest I properties? Physical asset like factory or company can be used to generate income and invest in bitcoin. Despite digital asset is now the new way or form of investment we should not forget that physical assets is the origin of man kind like Barack of soldiers, where soldiers goes and come yet Barack still remain thesame. I want to ask you one question, what if you are trying to send your asset and mistakenly sent your asset to someone else since wallet address doesn't come with account number what will you do at that point? This video is am about to show you is a case similar to my explanation click here. So in summary we should not neglect the physical asset because they are aid to our bitcoin journey, even without regular job or money generated from our physical asset we can't be able to even invest in bitcoin through DCA.