It's Simple to understood now cash is king again - page 3.

imamusma

hero member

Activity: 1386

Merit: 731

Leading Crypto Sports Betting & Casino Platform

Quote from: Texac on July 11, 2023, 10:52:50 AM

The people who always say that money can't buy happiness, money can't buy love are those who have not had a lover or are still looking for love with an empty pocket. indeed, our lives are more pragmatic than ever, and without money, we would have nothing in this world. i know this sounds harsh, but obviously, that's what's happening in our world, we need to accept the truth and adapt to it instead of always trying to hide from it.

Of course, money is everything in the paid world. Even worse when the government doesn't care about it because of the tax rules they set. Everyone is obligated to pay tax on what you buy, even if you only earn $1 per day. Money is needed everywhere, but money will never 100% guarantee happiness.

In real life, without money we can't plan more things. Many talents drown without money, many children drop out of school because there is no money, many parents cannot feed their children when they have no money and chaos is inevitable. Money is king, no, it is something that is needed to make ends meet and to smooth many plans.

lunnatic

sr. member

Activity: 1190

Merit: 250

COMBONetwork

Quote from: Texac on July 11, 2023, 10:52:50 AM

Quote from: Vishnu.Reang on July 11, 2023, 04:04:31 AM

There are some people who always say that money is not important in front of l love but in reality it never works that way.

The people who always say that money can't buy happiness, money can't buy love are those who have not had a lover or are still looking for love with an empty pocket. indeed, our lives are more pragmatic than ever, and without money, we would have nothing in this world. i know this sounds harsh, but obviously, that's what's happening in our world, we need to accept the truth and adapt to it instead of always trying to hide from it.

It's just a cliché word because we can't lie that when we have money it makes us happy,
imagine when you want to buy something but we are in a condition of having no money,
I agree with your words and indeed it is better that we accept the facts or truth with patience.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: Texac on July 11, 2023, 10:52:50 AM

Quote from: Vishnu.Reang on July 11, 2023, 04:04:31 AM

There are some people who always say that money is not important in front of l love but in reality it never works that way.

The people who always say that money can't buy happiness, money can't buy love are those who have not had a lover or are still looking for love with an empty pocket. indeed, our lives are more pragmatic than ever, and without money, we would have nothing in this world. i know this sounds harsh, but obviously, that's what's happening in our world, we need to accept the truth and adapt to it instead of always trying to hide from it.

I have also felt that way, I have felt the world as if it belonged to both of us and every day I feel happy as long as I am with him even though both of them don't have money, but if you have money then your happiness will increase. however, it is different when you have a family, in fact money becomes fertilizer for love, because as a man's behavior we have an obligation to make ends meet which turns out to be not just eating, in fact we are always dizzy, especially when we have children, sometimes we fight because of problems economics, and that's a normal thing, but believe that luck has already arranged it

Texac

hero member

Activity: 2086

Merit: 513

Degens.bet - On-chain 1000x Futures

Quote from: Vishnu.Reang on July 11, 2023, 04:04:31 AM

There are some people who always say that money is not important in front of l love but in reality it never works that way.

The people who always say that money can't buy happiness, money can't buy love are those who have not had a lover or are still looking for love with an empty pocket. indeed, our lives are more pragmatic than ever, and without money, we would have nothing in this world. i know this sounds harsh, but obviously, that's what's happening in our world, we need to accept the truth and adapt to it instead of always trying to hide from it.

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

It is absolutely true that cash is a king, There is a saying ''slang term reflecting the belief that money (cash) is more of investment tools, such as stocks or bonds.'' Cash is always king, there is nothing new without cash you didn't get anything, if u want something and if you have cash then there is 99% chance that you will get that. On the other hand if you don't have cash then a lot of things you will be available for you. There are some people who always say that money is not important in front of love but in reality it never works that way.

Flexystar

full member

Activity: 1092

Merit: 227

Yeah tell that to the local market here. They are selling the veggies at skyrocket high prices and gasoline and woods are off the chart. Obviously it does seem like cash is King again. It’s King of cruelty and injustice to the common man. Lolz. That’s how it is now and I am pretty sure it can only be sensed by common man who knows the daily struggle of living on optimum wages. Our salaries do not grow overnight but inflation can hit the door at anytime. It’s better we study the market before claiming something like this. Cash is cash. Its gonna react to the market the way we run the market. Gold has nothing to do with it.

DanWalker

hero member

Activity: 1960

Merit: 547

We are all the pieces of what we remember.

Quote from: BenCodie on July 08, 2023, 11:05:08 PM

When it comes to liberties and freedoms in comparison to digital money, the "cash is king" phrase might hold some ground. Though when it comes to storing value and preserving wealth, the phrase is far from accurate.

Gold, silver and Bitcoin, all have a limited supply, while Cash/fiat money can be created at the will of those who are in control of it. As more cash is created, wealth stored in cash is deteriorated. Less assets, goods and services can be purchased over time, contrarily asset values in comparison to cash increase (not just due to demand increase from less appealing money, but because money supply increases).

Don't delude yourself with the old phrase that cash is king. In this day and age, where money can be created exponentially and quickly, it is far from the truth when it comes to preserving wealth and storing value. Limited supply assets will only prevail in the current economic climate which most of the world are in.

In terms of value, cash is nothing compared to assets with a finite supply like precious metals like gold, silver, or bitcoin. But regarding its needs and impact on our lives, it is still king of assets. We will still need and use it for many years before our world becomes fully digital. I even doubt that getting rid of cash entirely is very difficult when our world is not ready. The internet is not universal, the percentage of people who know how to use smartphones has not covered the world, so we will still need cash for many more years.

Poker Player

legendary

Activity: 1372

Merit: 2017

This phrase was popularised after the stock market crash of 1987 by the CEO of Volvo, highlighting the importance of having liquidity.

The cash itself is garbage because of what has already been discussed, the devaluation due to inflation. But especially in times of crisis, what people need is liquidity. Either to meet payments, to avoid bankruptcy, or to buy cheap assets.

In the end, both for a company and for an individual, the smartest thing to do is to have a combination of financial assets, plus a cash reserve. Of the financial assets, ideally some that produce cash income, such as rental houses or companies that pay dividends.

Many people find themselves in crises such as the last real estate crisis, having assets that on paper were worth X a short time ago, but that today no one wants to buy if not at half the price and what they don't have is money, when it is needed more than ever. That is why, even if it is essentially garbage, it is necessary to manage a certain amount of cash or to be able to get it quickly in a healthy economy.

BenCodie

legendary

Activity: 1652

Merit: 1036

6.25 ---> 3.125

When it comes to liberties and freedoms in comparison to digital money, the "cash is king" phrase might hold some ground. Though when it comes to storing value and preserving wealth, the phrase is far from accurate.

Gold, silver and Bitcoin, all have a limited supply, while Cash/fiat money can be created at the will of those who are in control of it. As more cash is created, wealth stored in cash is deteriorated. Less assets, goods and services can be purchased over time, contrarily asset values in comparison to cash increase (not just due to demand increase from less appealing money, but because money supply increases).

Don't delude yourself with the old phrase that cash is king. In this day and age, where money can be created exponentially and quickly, it is far from the truth when it comes to preserving wealth and storing value. Limited supply assets will only prevail in the current economic climate which most of the world are in.

Adbitco

hero member

Activity: 1428

Merit: 653

Next Generation Web3 Casino

Quote from: Mr. Magkaisa on July 08, 2023, 05:53:30 AM

Quote from: Adbitco on January 19, 2023, 03:45:14 PM

You know I have been trying to comprehend what you meant by cash.
If in a case cash is the most important thing for now I wonder why would people invest in cash instead of Real Estate, Bitcoin or Gold and any other investment out there.
I think seeing cash as the King could only be connoted as 'before anyone buys physical good and property him or she has to use cash (fiat) as a means of payment and it's more generally acceptable than any other currencies out there but not limited to bitcoin, as bitcoin max adoption is wide spreading'.

- Because there are other things that require physical money. And there are other things that physical money, and electronic card payments (credit card, Bank card/ATM card) are accepted at a business merchants.

For example, like us who believe that Bitcoin is a good investment, in order to be able to buy it we will pay our money via Bank account, credit card, or ATM or e-wallet apps to enter the p2p to exchange platform

That's is why we need cash despite we seeking for bitcoin to be generally accepted and legalized in the globe. However we should be able to place Cash where it should be and also put bitcoin in its place, but the purpose why it was created is to foster the means of transaction where cash is limited bitcoin would scale through.

Mr. Magkaisa

sr. member

Activity: 770

Merit: 284

Quote from: Adbitco on January 19, 2023, 03:45:14 PM

You know I have been trying to comprehend what you meant by cash.
If in a case cash is the most important thing for now I wonder why would people invest in cash instead of Real Estate, Bitcoin or Gold and any other investment out there.
I think seeing cash as the King could only be connoted as 'before anyone buys physical good and property him or she has to use cash (fiat) as a means of payment and it's more generally acceptable than any other currencies out there but not limited to bitcoin, as bitcoin max adoption is wide spreading'.

- Because there are other things that require physical money. And there are other things that physical money, and electronic card payments (credit card, Bank card/ATM card) are accepted at a business merchants.

For example, like us who believe that Bitcoin is a good investment, in order to be able to buy it we will pay our money via Bank account, credit card, or ATM or e-wallet apps to enter the p2p to exchange platform

EluguHcman

full member

Activity: 322

Merit: 146

Money as a cash has overruled the world and even be control to the leaders of the government and it's followers with a high voltage of conditional charges leaving humans thoughts terrifying with a devilish impact's.

Money rules and it's indeed a king of context which everyone bows to as a means of exchanges on on the trading affairs.

It's most essential to the people, by the people and for the people which governs the governance entirely.

virasisog

hero member

Activity: 1820

Merit: 537

Quote from: MoonOfLife on January 16, 2023, 09:16:19 AM

I agree, cash is still king so far, if you are at war with Russia and Ukraine now cash will help you a lot. But if it's bitcoin and other assets, I'm really not sure, there's no electricity in Ukraine right now, so I don't know how people will use bitcoin. Although cash is being criticized as inflationary and centralized, it is still something that people aim for, every transaction in life is still cash. For those of you who are criticizing cash or fiat money, I hope they will have to wear a mask when using money because they always criticize it but still use it every day.

Bitcoin is beneficial in many means but cash is still more convenient in some countries, especially for those who are facing war and have no electricity supply. I'm sure that if things are well for Ukraine, they will surely use Bitcoin but since they are in the midst of a crisis, they still need to use fiat. Cash will always dominate because it is the traditional currency and even huge businesses can't continuously adopt crypto because people still prefer fiat.

Adbitco

hero member

Activity: 1428

Merit: 653

Next Generation Web3 Casino

You know I have been trying to comprehend what you meant by cash.
If in a case cash is the most important thing for now I wonder why would people invest in cash instead of Real Estate, Bitcoin or Gold and any other investment out there.
I think seeing cash as the King could only be connoted as 'before anyone buys physical good and property him or she has to use cash (fiat) as a means of payment and it's more generally acceptable than any other currencies out there but not limited to bitcoin, as bitcoin max adoption is wide spreading'.

sana54210

legendary

Activity: 3178

Merit: 1128

Quote from: Bitstar_coin on January 16, 2023, 08:58:42 AM

Quote from: GeorgeJohn on January 03, 2023, 06:01:41 PM

This idea i will say that it's a lay man ideology, actually what this topic should have be emphasizing on, should be that money is the key of human surviver, actually from my perspective money which you refer as Cash is very important and before you can not survive without money and it's obvious from my perspective.

Lay man or not, i think the ideology span across every level of human thinking, money makes the world functioning properly, without money or any legal medium of exchange nothing can be done easily.
For the OP to make reference to cash as king is not far from the truth. Despite the economic turbulence of our present times, people keep striving to earn a living, you need cash to exchange for any desired goods of choice, the era of trade by barter is long gone, cash is now required to trade.

Cash is the money you hold in your hand, it's not the money in your bank account. It means that the world doesn't revolve around cash anymore, in fact there are very few things you could do with cash to be fair and it's going to end up being something that is rare in the most cases.

This is why I honestly believe that it's not a smart idea to end up with a big reason to keep or consider cash asking anymore, it's quite boring and shouldn't be considered as something that is needed anymore neither. I personally believe it's a useless thing and so does many other people. That doesn't mean it's not used at all, but bitcoin is used a lot more probably.

Gozie51

hero member

Activity: 2520

Merit: 624

Quote from: MoonOfLife on January 16, 2023, 09:16:19 AM

For those of you who are criticizing cash or fiat money, I hope they will have to wear a mask when using money, because they always criticize it but still use it every day.

A single person or few people can not over take the majority in decision or things like throwing away cash. It presence is still felt all around the world even in war zone like Russia and Ukraine like you mentioned. They are only struggling to modernize the system into cashless so that it is not carried about and that prevent more security challenges. This is going to last longer before cash could go off the street but that is very difficult with the challenges of internet, so many traditional users of cash which are those above 40 years are still around and that is a challenge already in taking away cash from the system.

MoonOfLife

sr. member

Activity: 714

Merit: 253

I agree, cash is still king so far, if you are at war with Russia and Ukraine now cash will help you a lot. But if it's bitcoin and other assets, I'm really not sure, there's no electricity in Ukraine right now, so I don't know how people will use bitcoin. Although cash is being criticized as inflationary and centralized, it is still something that people aim for, every transaction in life is still cash. For those of you who are criticizing cash or fiat money, I hope they will have to wear a mask when using money, because they always criticize it but still use it every day.

Bitstar_coin

hero member

Activity: 2408

Merit: 693

SOL.BIOKRIPT.COM

Quote from: GeorgeJohn on January 03, 2023, 06:01:41 PM

This idea i will say that it's a lay man ideology, actually what this topic should have be emphasizing on, should be that money is the key of human surviver, actually from my perspective money which you refer as Cash is very important and before you can not survive without money and it's obvious from my perspective.

Lay man or not, i think the ideology span across every level of human thinking, money makes the world functioning properly, without money or any legal medium of exchange nothing can be done easily.
For the OP to make reference to cash as king is not far from the truth. Despite the economic turbulence of our present times, people keep striving to earn a living, you need cash to exchange for any desired goods of choice, the era of trade by barter is long gone, cash is now required to trade.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Quote from: Kakmakr on January 16, 2023, 02:24:37 AM

Bitcoin are not controlled by any government and supply & demand are also not controlled by them, but rather by a free market. It is one thing having a hand full of cash ...and it losing it's buying power every day. Roll Eyes

We can compare the two now about which is better and which is worse. These two currencies have the same uses but with different innovation. Bitcoin technology was developed for something better than fiat, but it's not going to kill each other.

Besides that not everyone will think that bitcoin is money and adopt it as a means of everyday payment, and it can be said that the majority still think of it as an investment asset or something that can generate profits. Bitcoin is not controlled by anyone and that is because bitcoin is a decentralized asset, that is an advantage that bitcoin has over fiat.

KnightElite

sr. member

Activity: 924

Merit: 275

Actually, the term "Cash is King" is using whenever the market is crashing or collapsing. It only means that it is better to liquidate your assets and turn it to cash because it's value will stay if the assets are crashing. Like what happened last year when the FTX scandal happened. I sold all of my positions because "Cash is King" and I avoided the market collapse wherein it saves me a lot of money and profit. When the scandal subsides, I reinvest again in different assets. Of course, my largest portion is still in cryptocurrency market, and it made me a lot of profit in rally in these past days.

Topic: It's Simple to understood now cash is king again - page 3. (Read 929 times)