Topic: Cash is not trash - page 2. (Read 1429 times)
Not all country already introduced the use of digital payment or digital transactions, some of them still have the old transactions or even in the trade era without the use of cash or digital payment, most of people know cash transactions on a daily basis and if they get introduce the use of the online payment but the community doesn't support at all this feature or innovation might become trash instead of being more useful to the a community. It takes time before people adapt to these changes. Just like if you are privileged with the use of the new currency it is good for you to adopt and take advantage.
Nowadays, people are using online banking services instead of carrying paper money, as a result of which people can transfer their money easily and securely from one place to another. Earlier there was a time where there was a need to carry money and then accept a service but now there is no such hassle now you can complete any transaction through your bank account or online banking. Due to such modern features the people of my country have reduced the use of paper money a lot. In our country now major transactions are done through online banking and all the retail transactions are done through paper money. In terms of the way people are using online banking or digital money in our country, I think that the use of paper money in our country will decrease a lot within the next 10 years.
Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.
We must not because of the introduction of a new digital currency trash away fiat, when we are yet to see the massive adoption for the use of bitcoin as a legal tender by most countries, the fact that we are allowed to use it does not give the support of the government on it acceptance for use or approval as a legal tender, even though they also realized it as a digital currency, but they still feels its unsafe to that extent because of how such can be used for scam or fraud, while bitcoin is not competing adoption with fiat, but only Exist as a financial alternative.
At that point, Bitcoin or alternative means of exchange like gold, can become more used while cash becomes for meager necessities that don't cost much.
Cash will also tend to become trash if cryptocurrency gets accepted and regulated and gets used more often, having become a part of society and trades. It may still exist but it might become of less benefits to those in more urban communities that has developed and operate mostly on cashless economy.
To survive, of course we need money for daily life transactions, whether in cash or digital form. because with current technological developments, any transaction can sometimes be done via a digital wallet. but that's not a problem, because it really helps too, now imagine when there was no digital wallet where we would give money or receive money from people far away, it would be very complicated if we had to travel first. In fact, in my opinion, the future of each individual's country or society depends on money. If we have enough money, perhaps the future will be good as well as the country.
indeed cash is not rubbish, because we need cash in everyday life whether it is to provide a living for children or provide wages for other people, maybe it is still better if there is no digital wallet but there is cash, but if it is reversed maybe it is scary, when there is no cash but only digital wallets it seems like it will be difficult occasionally with transactions because not everyone has a digital wallet.
Digital transactions are not a problem for those places and people who are capable of using it. Before digital currencies came, there are money remittance centres where one can send and receive money, though indeed there is still a hassle if you're far from them. Their fees are also a bit high.indeed cash is not rubbish, because we need cash in everyday life whether it is to provide a living for children or provide wages for other people, maybe it is still better if there is no digital wallet but there is cash, but if it is reversed maybe it is scary, when there is no cash but only digital wallets it seems like it will be difficult occasionally with transactions because not everyone has a digital wallet.
A lot of us are thankful that these issues are now solved with the emergence of newer technologies. Money is useful but other qualities will still be needed to become more successful. Cash won't get extinct if some people or places are not ready for the change and it can take a very long time if possible. It's perfectly fine IMO as rushing can only lead to troubles.
What you say is correct, even though technology is increasingly developing with digital transactions, cash will not become extinct because of course in my country there are still traditional markets that only use cash for transactions. and I don't think it's possible for cash to become extinct.
Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.
We must not because of the introduction of a new digital currency trash away fiat, when we are yet to see the massive adoption for the use of bitcoin as a legal tender by most countries, the fact that we are allowed to use it does not give the support of the government on it acceptance for use or approval as a legal tender, even though they also realized it as a digital currency, but they still feels its unsafe to that extent because of how such can be used for scam or fraud, while bitcoin is not competing adoption with fiat, but only Exist as a financial alternative.
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
If you put it like that, it seems like these two things need to be separated first so that everyone doesn't mix up money that will be used for two different things at one time. Because investments and cash used every day must be separated from each other so that everyone can still live their lives as usual. And at the same time, everyone can also invest in Bitcoin if they want to try to keep the value of their money or assets good in the long term.
Because the cash we use every day has to be in our own hands, whereas for the money that will be used for investments such as Bitcoin, we definitely don't need to hold it in our own hands because it is intended for investment by buying Bitcoin on the exchange which then we save it in our personal wallet, so no matter how small the money is now, everyone must be able to separate these two things well enough so that we can do two things at the same time at once.
It's just that Bitcoin investment offers a number of advantages that make BTC an attractive choice as a store of value in the current digital era, even though the price fluctuates greatly, Bitcoin is very attractive for the future compared to fiat. With advantages that exceed several of the main criteria of fiat money, Bitcoin has shown potential in the digital era as an innovative solution to the shortcomings of fiat money, and of course BTC has provided an alternative for us to store value according to our needs. this digital era. .
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
If you put it like that, it seems like these two things need to be separated first so that everyone doesn't mix up money that will be used for two different things at one time. Because investments and cash used every day must be separated from each other so that everyone can still live their lives as usual. And at the same time, everyone can also invest in Bitcoin if they want to try to keep the value of their money or assets good in the long term.
Because the cash we use every day has to be in our own hands, whereas for the money that will be used for investments such as Bitcoin, we definitely don't need to hold it in our own hands because it is intended for investment by buying Bitcoin on the exchange which then we save it in our personal wallet, so no matter how small the money is now, everyone must be able to separate these two things well enough so that we can do two things at the same time at once.
It's just that Bitcoin investment offers a number of advantages that make BTC an attractive choice as a store of value in the current digital era, even though the price fluctuates greatly, Bitcoin is very attractive for the future compared to fiat. With advantages that exceed several of the main criteria of fiat money, Bitcoin has shown potential in the digital era as an innovative solution to the shortcomings of fiat money, and of course BTC has provided an alternative for us to store value according to our needs. this digital era. .
Every country that demonetized its fiat is proven very wrong it could affect their economy negatively so whatever they say is just a lie or they are not aware of the long-term consequences. The small-scale businesses will take a hit and probably most of them will be closing down due to this move.
To survive, of course we need money for daily life transactions, whether in cash or digital form. because with current technological developments, any transaction can sometimes be done via a digital wallet. but that's not a problem, because it really helps too, now imagine when there was no digital wallet where we would give money or receive money from people far away, it would be very complicated if we had to travel first. In fact, in my opinion, the future of each individual's country or society depends on money. If we have enough money, perhaps the future will be good as well as the country.
indeed cash is not rubbish, because we need cash in everyday life whether it is to provide a living for children or provide wages for other people, maybe it is still better if there is no digital wallet but there is cash, but if it is reversed maybe it is scary, when there is no cash but only digital wallets it seems like it will be difficult occasionally with transactions because not everyone has a digital wallet.
Digital transactions are not a problem for those places and people who are capable of using it. Before digital currencies came, there are money remittance centres where one can send and receive money, though indeed there is still a hassle if you're far from them. Their fees are also a bit high.indeed cash is not rubbish, because we need cash in everyday life whether it is to provide a living for children or provide wages for other people, maybe it is still better if there is no digital wallet but there is cash, but if it is reversed maybe it is scary, when there is no cash but only digital wallets it seems like it will be difficult occasionally with transactions because not everyone has a digital wallet.
A lot of us are thankful that these issues are now solved with the emergence of newer technologies. Money is useful but other qualities will still be needed to become more successful. Cash won't get extinct if some people or places are not ready for the change and it can take a very long time if possible. It's perfectly fine IMO as rushing can only lead to troubles.
But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day.
fiat money is still valuable in a way that it is still our currency and it is the one being used for daily transactions and as a citizen there is nothing we can do to change that. If we refuse to use fiat money how could we function in our society?
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So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
Investing in bitcoin would not just keep or maintain the value of your money but would actually increase it more
I think changing of fortune is not possible but financial status can be change with the help of bitcoin investment. One cannot change his fortune but one can work hard to minimize the hardship and introduce the different ways of earning for himself.
Bitcoin will give you profit but if you possess abilities which is required for bitcoin investment. Bitcoin is beneficial technology but everyone cannot take profit from it so only expert, financially stable, individuals, having patience and knowledge about crypto industry can only take fruitful results from bitcoin investment.
If someone wants to change their life for the better of course they have to work harder so that they can achieve the life they want and everyone has different ways of making money which of course they feel comfortable with the work they do and for some Of course, people who invest in Bitcoin must have a good understanding of the investment they are making in order to benefit from the investment they make and it is true that not everyone can benefit from Bitcoin investment because if they do not do it based on correct knowledge and understanding. regarding Bitcoin, of course they will experience losses from the investment they make. Bitcoin will give you profit but if you possess abilities which is required for bitcoin investment. Bitcoin is beneficial technology but everyone cannot take profit from it so only expert, financially stable, individuals, having patience and knowledge about crypto industry can only take fruitful results from bitcoin investment.
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
The availability of cash isn't the reason why there is so much inflation around us, it's because the government fiscal policy and the central bank monetary policy agrees to print money without been backed by anything. You often hear that the government reserve is this amount and that amount but can you verify that claim? You can't and the only way to find out is after printing excess money without having much in their reserve and do you know where that short fall comes from, it's from their internally generated revenue.
They don't have much in their reserve and when emergency comes, instead of strategies and borrow, they sneak to print with anticipation to top up the reserve after a quarter of a year but when they fail to meet up the target, the excess money in circulation is more than what you can conver to the reserve and because of that inflation increases until it reach an equilibrium where the real value of the currency are and that's when they start giving hardship policy to strengthen their currency. Banks knows what they are doing, they just don't want to play by the rules and that's why many countries fail with inflation.
I agree with you that it is possible to change fortunes and achieve success with Bitcoin. There are many people who do not want to see Bitcoin well, but when they slowly understand the interesting aspects of Bitcoin, they prefer Bitcoin for fortune development. People can change themselves very easily because Bitcoin is a real payment. This is what it stands for in terms of its use. Bitcoin is at the top of the current technology
I think changing of fortune is not possible but financial status can be change with the help of bitcoin investment. One cannot change his fortune but one can work hard to minimize the hardship and introduce the different ways of earning for himself.
Bitcoin will give you profit but if you possess abilities which is required for bitcoin investment. Bitcoin is beneficial technology but everyone cannot take profit from it so only expert, financially stable, individuals, having patience and knowledge about crypto industry can only take fruitful results from bitcoin investment.
Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.
Fiat is a trash you are forced to use, otherwise you can't have access to most products and services in your local society. There isn't a choice in this case, but if there were, I wouldn't use fiat anymore, since Bitcoin seems much more convenient for me. Its value is constantly rising on long term, while fiat is leading purchasing power to very low levels along the years. Sometimes in a timeframe of few months we see huge losses in purchasing power when going to the supermarket. However, people didn't get conscious about how trash fiat is yet.They use it without contesting or seeking for viable alternatives which can help them to make their money last for longer. Even the barter system looks a better alternative compared to the failed and scammy fiat one, which is profitable only for banks, big companies and members of the government.
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
If you put it like that, it seems like these two things need to be separated first so that everyone doesn't mix up money that will be used for two different things at one time. Because investments and cash used every day must be separated from each other so that everyone can still live their lives as usual. And at the same time, everyone can also invest in Bitcoin if they want to try to keep the value of their money or assets good in the long term.
Because the cash we use every day has to be in our own hands, whereas for the money that will be used for investments such as Bitcoin, we definitely don't need to hold it in our own hands because it is intended for investment by buying Bitcoin on the exchange which then we save it in our personal wallet, so no matter how small the money is now, everyone must be able to separate these two things well enough so that we can do two things at the same time at once.
Cash is useful, but strategic thought is more important. Delaying spending and realizing Bitcoin's long game is important. Requires a shift in thinking and belief in decentralization.
Such daily cash separation isn't basic money management. It's supporting a money definition revolution. Bitcoin is a proclamation of transparency, personal ownership, and opposition to central banking greed. Not everyone can do it. But those who understand? The potential is huge. This is smart and almost defiant.
Bitcoin is more of an investment asset and therefore, it is unwise to keep all your savings in this crypto asset, because without cash (or online banking) it’s trivial to not even buy a can of cola and a hot dog. Try doing it for bitcoin.
Thinking strategically about the future is important, but don't forget about ongoing day-to-day expenses, for which bitcoin is completely unsuited.
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
If you put it like that, it seems like these two things need to be separated first so that everyone doesn't mix up money that will be used for two different things at one time. Because investments and cash used every day must be separated from each other so that everyone can still live their lives as usual. And at the same time, everyone can also invest in Bitcoin if they want to try to keep the value of their money or assets good in the long term.
Because the cash we use every day has to be in our own hands, whereas for the money that will be used for investments such as Bitcoin, we definitely don't need to hold it in our own hands because it is intended for investment by buying Bitcoin on the exchange which then we save it in our personal wallet, so no matter how small the money is now, everyone must be able to separate these two things well enough so that we can do two things at the same time at once.
Cash is useful, but strategic thought is more important. Delaying spending and realizing Bitcoin's long game is important. Requires a shift in thinking and belief in decentralization.
Such daily cash separation isn't basic money management. It's supporting a money definition revolution. Bitcoin is a proclamation of transparency, personal ownership, and opposition to central banking greed. Not everyone can do it. But those who understand? The potential is huge. This is smart and almost defiant.
Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.
Of course Fiat is not trash.Fiat is issued by the government and is considered a legal means of payment and is generally used by the wider community in their daily lives. Fiat money makes transactions much easier and more practical, everyone who has Fiat money can buy whatever they want with their money without having to adjust to the seller's wishes for certain goods as barter.
Each country certainly has its own fiat money in accordance with the policies issued by the government of that country, its value is also determined entirely by the government which acts as the manager and guarantor. Its function as a legal medium of exchange in a country makes crypto users willing to exchange their assets into fiat because it can make every transaction easier. As long as the government still places Cryptocurrency as a commodity asset, Fiat will remain the choice of all people in a country as exchange for transactions.
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
If you put it like that, it seems like these two things need to be separated first so that everyone doesn't mix up money that will be used for two different things at one time. Because investments and cash used every day must be separated from each other so that everyone can still live their lives as usual. And at the same time, everyone can also invest in Bitcoin if they want to try to keep the value of their money or assets good in the long term.
Because the cash we use every day has to be in our own hands, whereas for the money that will be used for investments such as Bitcoin, we definitely don't need to hold it in our own hands because it is intended for investment by buying Bitcoin on the exchange which then we save it in our personal wallet, so no matter how small the money is now, everyone must be able to separate these two things well enough so that we can do two things at the same time at once.
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
If you put it like that, it seems like these two things need to be separated first so that everyone doesn't mix up money that will be used for two different things at one time. Because investments and cash used every day must be separated from each other so that everyone can still live their lives as usual. And at the same time, everyone can also invest in Bitcoin if they want to try to keep the value of their money or assets good in the long term.
Because the cash we use every day has to be in our own hands, whereas for the money that will be used for investments such as Bitcoin, we definitely don't need to hold it in our own hands because it is intended for investment by buying Bitcoin on the exchange which then we save it in our personal wallet, so no matter how small the money is now, everyone must be able to separate these two things well enough so that we can do two things at the same time at once.
Retail money is much needed for daily activities. In many countries it is not possible to go a day without cash. Every job requires cash. But inflation has become so rampant in many countries that the value of their fiat money is only depreciating by the day. That is, their cash value is only decreasing day by day. In this case no one will go to reduce the value of cash in their hands. So most people are interested in investing money in Bitcoin. And trying to maintain the value of money.
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