It's Simple to understood now cash is king again

BRINIRHA

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Quote from: xSkylarx on July 20, 2023, 04:27:57 AM

Cash may be used by everyone right now, but we are not transitioning to cashless. There are a lot of countries right now that are doing this, and they have their own app and use it to purchase because they don't want to hold the cash. It has also been derived in BTC as an online payment. For now, cash is really needed, but in the long run, it will be useless because of the digitalization and innovations that we currently have.

In the future, digitalization of money will indeed materialize evenly. But I think it will take a long time, maybe even tens or hundreds of years in the future. because currently physical Fiat remains the belle of the majority of countries. Cash remains the most widely used and indeed the easiest to use at the moment. No need for internet connection, no need for special tools and so on. everything can be done immediately. It's just that carrying large amounts of cash is inconvenient. Grin

Pejoh Asu

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It's true, cash is king again because with cash we can be calmer, if we store assets in cryptocurrencies or other assets of course it needs a process to turn them into cash, and when we really need money then sometimes the market is red so we lose money, cash has full government guarantees so it's safer.

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Quote from: Crypt0Gore on July 20, 2023, 05:58:48 AM

Quote from: Fullbear2222 on December 24, 2022, 10:23:02 AM

Cash is king again.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.

Yep cash is king

The same thing the government want you all to believe, because they are the printer of cash.

The same reason why the government hated Bitcoin so much, they lose power with Bitcoin.

Inflation is the plague of cash and Bitcoin and gold isn't.

I myself don't see cash as King OP, I can't even keep in the bank because of inflation, I make no extra money holding my cash, how is this a king in my own world? Maybe cash is the king for you but not everyone of us.

Most of the country rely on their currencies for their economy, of course they could manipulate it since it's a highly centralized. No wonder why some of the country banned crypto industry as they lose the power to control everything under the influence of money. Plus whenever there's an inflation only the rich are milking the situation because the poor one would suffer most. Cash is king when it comes to privileged people as they live comfortable with the power of money. They can even secretly pay for their violations to avoid going to jail, so maybe cash is king when it comes to different perspective. Average person wouldn't even think that way since it's one of the reason for them to provide for their everyday needs.

Quote from: xSkylarx on July 20, 2023, 04:27:57 AM

Cash may be used by everyone right now, but we are not transitioning to cashless. There are a lot of countries right now that are doing this, and they have their own app and use it to purchase because they don't want to hold the cash. It has also been derived in BTC as an online payment. For now, cash is really needed, but in the long run, it will be useless because of the digitalization and innovations that we currently have.

Well you maybe right since in my country which is the PH, where there's already an app which is called Gcash that can be used to every transaction here. Maybe we're getting closer on being cashless but do you think the government would allow it to happen? Of course not, they would lose control or power to the country's economy. I think in the next few years or decades there would be a digital currency run by the government itself. Because they are slowly being opened when it comes to crypto industry.

uswa56

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Quote from: xSkylarx on July 20, 2023, 04:27:57 AM

Cash may be used by everyone right now, but we are not transitioning to cashless. There are a lot of countries right now that are doing this, and they have their own app and use it to purchase because they don't want to hold the cash. It has also been derived in BTC as an online payment. For now, cash is really needed, but in the long run, it will be useless because of the digitalization and innovations that we currently have.

Technological progress can no longer be dammed, slowly everything will be carried away with the sophistication of existing technology and even for now in several big countries or big cities there are many people who no longer hold cash because it is easier to transact through several apps that make everything easier, apart from crypto which has not been adopted at this time but it is not impossible that all this will happen and the same is true because of technological advances that continue to develop.

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Quote from: xSkylarx on July 20, 2023, 04:27:57 AM

Cash may be used by everyone right now, but we are not transitioning to cashless. There are a lot of countries right now that are doing this, and they have their own app and use it to purchase because they don't want to hold the cash. It has also been derived in BTC as an online payment. For now, cash is really needed, but in the long run, it will be useless because of the digitalization and innovations that we currently have.

People right now matter the number of the cash they have so they can save as they want but at the end they didn't realize that they are not getting profitable in holding their cash instead the paper gets old once didn't store properly and another thing even you store those in the banks the inflation right now is increasing so the value you are storing gets now lessen the value of it the reason why ideal to make a good investment, to have a proper cashflow.

Another thing better to not bump a thread its been old enough. Stop necrobumping

Crypt0Gore

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Quote from: Fullbear2222 on December 24, 2022, 10:23:02 AM

Cash is king again.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.

Yep cash is king

The same thing the government want you all to believe, because they are the printer of cash.

The same reason why the government hated Bitcoin so much, they lose power with Bitcoin.

Inflation is the plague of cash and Bitcoin and gold isn't.

I myself don't see cash as King OP, I can't even keep in the bank because of inflation, I make no extra money holding my cash, how is this a king in my own world? Maybe cash is the king for you but not everyone of us.

xSkylarx

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Cash may be used by everyone right now, but we are not transitioning to cashless. There are a lot of countries right now that are doing this, and they have their own app and use it to purchase because they don't want to hold the cash. It has also been derived in BTC as an online payment. For now, cash is really needed, but in the long run, it will be useless because of the digitalization and innovations that we currently have.

Marvell1

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Quote from: Blitzboy on July 19, 2023, 01:29:59 PM

Quote from: Marvell1 on July 19, 2023, 12:00:50 PM

Quote from: slapper on July 16, 2023, 12:08:55 PM

Quote from: Marvell1 on July 16, 2023, 01:50:42 AM

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Now about CBDCs, you're right on the money (pun intended), they might replace fiat, not Bitcoin. But isn't that fascinating? If CBDCs can replace fiat, why can't a decentralized digital currency like Bitcoin? The transition won't happen overnight, and maybe it won't happen at all, but let's not be so quick to dismiss the possibilities. The world of finance is more of a stadium than a chessboard; a lot can happen in the blink of an eye.

Do you know why many countries still have not accepted bitcoin or many countries that have accepted bitcoin but only see it as a commodity and not a currency or a payment method? That's because of its decentralization, and it's something the government doesn't like at all.

As long as the government remains in control of this world, never expect a decentralized currency to be widely accepted by them as an alternative to their fiat currency, unless they figure out how to control bitcoin.

Why don't they use bitcoin and replace fiat but create CBDC? Fiat is not decentralized, but it still gives us partial anonymity, and they don't even want us to continue using fiat and switch to CBDC. Do you think they will let us use bitcoin freely are not?

Seeing CBDC and Bitcoin go at it is like seeing a bout between two colossi. Lets break it down, though. Bitcoin's decentralized nature is a bitter pill for governments to swallow because its something they cant control.

However, keep the faith! Things that appear impossible today can and have happened in the past. Can you think back to when the Internet was more like the wild west? Eventually, governments everywhere must have figured out how to deal with it. Bitcoin is currently going through a similar phase. It is a novel tool that will need time to gain widespread acceptance.

Governments may be supporting CBDCs, but they realize its like trying to stop a train: once it gets going, there's no turning back. In my opinion, governments will eventually come to recognize Bitcoin for what it is because of how great it is and because people are beginning to use it.

I can confidently and assure you that all governments will have to legalize bitcoin because it really is the future. But they will accept it as a commodity or currency, that's what we are talking about, and I don't believe bitcoin can replace fiat and become currency, bitcoin will just be a commodity. As recent reports, the US government has also discussed regulating bitcoin and cryptocurrencies as commodities rather than securities. If this is approved, many other countries will surely follow in the US's footsteps.

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Quote from: Marvell1 on July 19, 2023, 12:00:50 PM

Quote from: slapper on July 16, 2023, 12:08:55 PM

Quote from: Marvell1 on July 16, 2023, 01:50:42 AM

...

...

Now about CBDCs, you're right on the money (pun intended), they might replace fiat, not Bitcoin. But isn't that fascinating? If CBDCs can replace fiat, why can't a decentralized digital currency like Bitcoin? The transition won't happen overnight, and maybe it won't happen at all, but let's not be so quick to dismiss the possibilities. The world of finance is more of a stadium than a chessboard; a lot can happen in the blink of an eye.

Do you know why many countries still have not accepted bitcoin or many countries that have accepted bitcoin but only see it as a commodity and not a currency or a payment method? That's because of its decentralization, and it's something the government doesn't like at all.

As long as the government remains in control of this world, never expect a decentralized currency to be widely accepted by them as an alternative to their fiat currency, unless they figure out how to control bitcoin.

Why don't they use bitcoin and replace fiat but create CBDC? Fiat is not decentralized, but it still gives us partial anonymity, and they don't even want us to continue using fiat and switch to CBDC. Do you think they will let us use bitcoin freely are not?

Seeing CBDC and Bitcoin go at it is like seeing a bout between two colossi. Lets break it down, though. Bitcoin's decentralized nature is a bitter pill for governments to swallow because its something they cant control.

However, keep the faith! Things that appear impossible today can and have happened in the past. Can you think back to when the Internet was more like the wild west? Eventually, governments everywhere must have figured out how to deal with it. Bitcoin is currently going through a similar phase. It is a novel tool that will need time to gain widespread acceptance.

Governments may be supporting CBDCs, but they realize its like trying to stop a train: once it gets going, there's no turning back. In my opinion, governments will eventually come to recognize Bitcoin for what it is because of how great it is and because people are beginning to use it.

Marvell1

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Quote from: slapper on July 16, 2023, 12:08:55 PM

Quote from: Marvell1 on July 16, 2023, 01:50:42 AM

...

...

Now about CBDCs, you're right on the money (pun intended), they might replace fiat, not Bitcoin. But isn't that fascinating? If CBDCs can replace fiat, why can't a decentralized digital currency like Bitcoin? The transition won't happen overnight, and maybe it won't happen at all, but let's not be so quick to dismiss the possibilities. The world of finance is more of a stadium than a chessboard; a lot can happen in the blink of an eye.

Do you know why many countries still have not accepted bitcoin or many countries that have accepted bitcoin but only see it as a commodity and not a currency or a payment method? That's because of its decentralization, and it's something the government doesn't like at all.

As long as the government remains in control of this world, never expect a decentralized currency to be widely accepted by them as an alternative to their fiat currency, unless they figure out how to control bitcoin.

Why don't they use bitcoin and replace fiat but create CBDC? Fiat is not decentralized, but it still gives us partial anonymity, and they don't even want us to continue using fiat and switch to CBDC. Do you think they will let us use bitcoin freely are not?

YUriy1991

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My friends, if you are of the view that cash is king and the biggest demand right now is oil and fiat currency, perhaps you are oversimplifying the complexities and dynamics of financial and commodity markets. Why is that, because if we look at the position of influence and demand for currency (fiat) it is greatly influenced by various factors. such as monetary policy, economic stability and market conditions and vice versa fiat currency (government currency) that has been issued is inseparable from various binding regulations.

and Why can gold go up? there are many factors too and the biggest one is the Sentiment of Investors, an example like this. When assumptions are made of investors who tend to be pessimistic about economic or market conditions, demand for these assets increases thereby driving up prices despite a supply and demand system.

Fortify

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Quote from: Fullbear2222 on December 24, 2022, 10:23:02 AM

Cash is king again.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.

Liquidity and stability is king really. It's good to have liquid cash available at opportune times, when the stock market or real estate market might be crashing, but such opportunities are very rare and you'll lose a lot of opportunity potential if you've always got a large portion of your money in cash and try to "time the market". In reality most asset and portfolio managers would suggest only keeping a maximum of 5-10% in cash at any time, because with inflation going on your money is losing purchasing power ever year it stills idly in a bank account.

chrisculanag

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Every day cash moves in its various forms, such as cash in hand and in digital wallets. It just depends on where you use it. There are countries that still have a lot of lack of technology so most of them are the money that is held so it can be called that the money that is held rules them. But if the country is developed and full of technology, digital wallets are sure to rule the majority of them. But if we think about it, it's the same and even if it's gold, silver or whatever, the result is also money. The only difference between them is its movement in their area.

ringgo96

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Why cash can be king, while many other assets can benefit many times if we can collect, so cash can only be relied on to buy daily necessities and this we must always fulfill so there is nothing wrong with you saying as king and the power of cash purchases always happens, and the current situation is indeed ongoing.

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Is there a fact to the show the statistics on how oil and fiat is in much demand than gold and bitcoin or even silver? Usually I don't really comprehend what you mean by being the king, yes let say is the king but inflation all over fiat has no value overtime as we keep saving it either with our local currency or without hard currencies. To me what I can found to be the King currently would had been bitcoin because I don't is being affected or controlled by any force. Except for that fact that before one would own bitcoin they must first convert their fiat to what currencies that supports bitcoin.

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Quote from: Marvell1 on July 16, 2023, 01:50:42 AM

Quote from: puloweh555 on July 14, 2023, 02:40:11 PM

Nowadays Cash is indeed king for everything in fulfilling wants and needs. But I believe and believe that soon cash will no longer be king because cash has many problems, starting from inflation and others. Then every problem there will be a solution to overcome it.

Therefore Bitcoin or Cryptocurrency Assets can't be created if the cash financial system is correct. Times have changed, some that are no longer 'Relate' will surely go away. Why subscribe to newspapers if we can access the latest news every minute from electronic media or Twitter at any time? Yes, that's the point. If Bitcoin is just waiting for its adoption anyway, but indeed the road will be steep to replace a system that has been hundreds of years not easy. other examples such as the State of El Salvador has adopted bitcoin as a legal currency for transactions, why? Yes, because the technology will make it easier for us.

Well, do you mean we're going to get rid of cash altogether? It will happen, but it won't happen anytime soon, and we need a lot of time to get rid of cash altogether. But I doubt to think that bitcoin or any other cryptocurrency will replace the role of fiat in our economy. Like it or not, that will never happen, and I bet and believe that CBDC will be an alternative to fiat, not bitcoin.

Have you ever learned about the economy of El Salvador? Why does only El Salvador accept bitcoin as a legal tender and not any major country? It's not about technology, it's a gamble by President Nayib Bukele when their economy is on the verge of default, and they use bitcoin as a last resort. Moreover, their acceptance of bitcoin received great traction from the crypto community, but it did not generate any interest with other countries.
Bitcoin will be legalized worldwide, and it's only a matter of time, but turning it into a currency will never happen.

I see where you're coming from, but I feel you're falling into the trap of assuming the future will be just an extension of the present. Today's norm isn't tomorrow's certainty. As for El Salvador, no argument there, it's a bold move, perhaps even desperate, but sometimes it's the underdogs who change the game. Nayib Bukele's bet might not attract any country right now, but it has definitely stirred up a conversation, hasn't it?

Now about CBDCs, you're right on the money (pun intended), they might replace fiat, not Bitcoin. But isn't that fascinating? If CBDCs can replace fiat, why can't a decentralized digital currency like Bitcoin? The transition won't happen overnight, and maybe it won't happen at all, but let's not be so quick to dismiss the possibilities. The world of finance is more of a stadium than a chessboard; a lot can happen in the blink of an eye.

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Online technology has made people's transactions easier, but nowadays cash is always needed on the go. Online transaction is not effective for all transactions hence cash is always king. In many parts of the world that are not yet touched by technology, they feel more comfortable with cash. No matter how much technology improves, the value of cash will never decrease. Marketing, driver's salary, child's tutor's salary, everything needs cash. Any danger can be easily removed with cash if there is money nearby. It is true that online transactions are very fast but even if everything in the world is based online the use of cash will never decrease.

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Quote from: Fullbear2222 on December 24, 2022, 10:23:02 AM

Cash is king again.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.

It's such a toyish, childish approach and it really does bring a whole new aspect to this. I mean if people truly believed it, we would all be using cash and we are not. Even the meaning of cash changed, back in the day cash meant the money in your hand, usually paper, sometimes a little coin, that was cash, that's how you approach what a cash is, nowadays when people say "bought it all in cash", they just mean they wired it in, and did not take any loans or something, it was still digitally sent from one place to another, it wasn't a stack of paper money that exchanged hands.

All in all cash is not king, and never was, people were fooled about it, it's not a smart idea and everyone should try to make debt to grow their assets and income.

Patrol69

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People have been using cash ever since people started using money, and people are still using cash in the same way. The valuation of cash money has not decreased a bit but now online money instead of cash money has made the transaction system of people a little easier that's why people are now feeling more comfortable to use online money. Seeing that people are using online money more, the value of cash money has decreased, but this is not the case. You can use cash money anywhere but not everywhere but you can use online money. Maybe with the change of time more new technology will come but the value of cash money will never decrease. Cash has always existed and will continue to exist.

Marvell1

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Quote from: puloweh555 on July 14, 2023, 02:40:11 PM

Nowadays Cash is indeed king for everything in fulfilling wants and needs. But I believe and believe that soon cash will no longer be king because cash has many problems, starting from inflation and others. Then every problem there will be a solution to overcome it.

Therefore Bitcoin or Cryptocurrency Assets can't be created if the cash financial system is correct. Times have changed, some that are no longer 'Relate' will surely go away. Why subscribe to newspapers if we can access the latest news every minute from electronic media or Twitter at any time? Yes, that's the point. If Bitcoin is just waiting for its adoption anyway, but indeed the road will be steep to replace a system that has been hundreds of years not easy. other examples such as the State of El Salvador has adopted bitcoin as a legal currency for transactions, why? Yes, because the technology will make it easier for us.

Well, do you mean we're going to get rid of cash altogether? It will happen, but it won't happen anytime soon, and we need a lot of time to get rid of cash altogether. But I doubt to think that bitcoin or any other cryptocurrency will replace the role of fiat in our economy. Like it or not, that will never happen, and I bet and believe that CBDC will be an alternative to fiat, not bitcoin.

Have you ever learned about the economy of El Salvador? Why does only El Salvador accept bitcoin as a legal tender and not any major country? It's not about technology, it's a gamble by President Nayib Bukele when their economy is on the verge of default, and they use bitcoin as a last resort. Moreover, their acceptance of bitcoin received great traction from the crypto community, but it did not generate any interest with other countries.
Bitcoin will be legalized worldwide, and it's only a matter of time, but turning it into a currency will never happen.

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