It's Simple to understood now cash is king again - page 4.

Kakmakr

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I wish I was some comic artist, so that I can draw a picture to illustrate my point. Image a picture where a clueless Fiat slave sits there with a hand full of cash ...that are being printed like toilet paper and he has a government soldier pointing a gun at his head.

The image will show how a government protects it's monopoly on currencies, with the threat of violence and how they can manipulate the money supply....and the Fiat slaves will stay clueless, because they do not know what "freedom of wealth" is.

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

Swordsoffreedom

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Quote from: Yatsan on January 15, 2023, 11:11:42 AM

Quote from: Swordsoffreedom on January 15, 2023, 11:01:53 AM

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Simply because fiat is more acknowledged by the society. Imagine buying a meal using gold. Unless they allow to do so, most of the time, it won't be accepted not because it has no value but because of the existing system of transaction. It would be hard to extract a $2 worth of gold for a single meal. That is likewise with cryptocurrencies in a sense that not all businesses do accept such technology as a mode of payment. Regarding the reputation of cash, it will always be there in any form; digital or physical. And if one day cryprocurrencies will be accepted by majority of countries, for sure cash would be still used on normal transactions simply because of governments, and I have no problem with that; not all people are into investments anyway.

Also, to use cryptocurrency or CBDC requires some basic knowledge of the technology or device used, but with cash, everything becomes extremely easy. It is not only easy for us but also for people with disabilities, such as people who are blind; How will they use crypto and CBDC if they can't use a smartphone? I don't have a problem with it either, but it's confusing how many people get annoyed with it when they still use it daily.

Quote from: uneng on January 15, 2023, 11:41:33 AM

But as we can see cash's rule is weakening. There are people who don't use it anymore, as they use only virtual payment methods, so there is a clear tendency cash isn't going to remain king forever. Technology is evolving, as is the society adopting it in large steps.

Nothing stays on top forever, not even bitcoin, there is no guarantee in the future nothing will replace it. But getting rid of cash is a problem, cash has existed for hundreds of years, and if you want to remove it, it will be highly complicated.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: Fullbear2222 on December 24, 2022, 09:23:02 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.

Cash is powerful and also the most indemand among all you have mentioned which gold and stocks are among. But there is a big problem with fiat cash which we know. The value keep depreciating and so also its purchasing power.

Do we need to continue printing more fiat and accumulating more cash in order to be relevant?
We need something that will be somewhat stable if it doesn't have the ability to increase. If it appreciate, it should therefore not depreciate and fiat doesn't fit here

Dickiy

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Quote from: Fullbear2222 on December 24, 2022, 09:23:02 AM

World have now demand to oil and fiat currency.

It's only natural to say this because basically inflation must be suppressed by increasing interest rates, which means that money in circulation is forcibly withdrawn to the bank so that there is no excess supply of money in society. Naturally, we are very difficult to get money today because on average, the average bank anywhere does that.
The scarcity of oil may be a contributing factor to rising commodity prices because we have to spend more on operational costs and the distribution of goods so that business people are forced to increase the price of goods.
So I think the cash view is king
is a natural thing depending on what a person's condition is in the economy and his needs.

uneng

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Cash is king because it doesn't demand extra skills and knowledge in order to use it. People from all ages are using it since they were children, while Bitcoin exists only for 14 years, and requires adopters to access electronic devices and internet, plus taking security measures to protect their virtual accounts and funds. Not everyone knows how to do this.

But as we can see cash's rule is weakening. There are people who don't use it anymore, as they use only virtual payment methods, so there is a clear tendency cash isn't going to remain king forever. Technology is evolving, as is the society adopting it in large steps.

Yatsan

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Quote from: Swordsoffreedom on January 15, 2023, 11:01:53 AM

Quote from: Frankolala on January 15, 2023, 09:05:40 AM

Inflation depreciates cash but assets like gold and bitcoin don't depreciate,they are only volatile which increases when the demand is high and deceases with less demand. It is good you secure this assets for safety during inflation. We read of a thread in this forum that told us about a bank that used 50% of its fund to invest on gold because that's the only way to safe the value of cash during inflation.

Cash is weak and vulnerable to attack which makes it not reliable,it can be duplicated counterfeit, it can be destroyed by fire,water,chemical e.t.c. Gold and bitcoin can not be faked,anything that is not gold, is not gold. Bitcoin works with the blockchain which makes it impossible for counterfeit. OP cash is only needed for daily transactions, store your cash at home,by next year,it must have depreciated of 5%.

There is nothing wrong with what you said, but I need to re-emphasize what you said "cash is only needed for daily transactions," and that is the most important point. Whether you invest in bitcoin or gold, after all, when you need to use them, you still have to exchange them for cash to use. You cannot use gold or bitcoin for your daily transactions. It must be said that cash has too many cons, but it has been around for thousands of years and is still the most used, so it is still king. We can't deny it, although it is far behind gold and bitcoin in terms of investment or store of value.

Simply because fiat is more acknowledged by the society. Imagine buying a meal using gold. Unless they allow to do so, most of the time, it won't be accepted not because it has no value but because of the existing system of transaction. It would be hard to extract a $2 worth of gold for a single meal. That is likewise with cryptocurrencies in a sense that not all businesses do accept such technology as a mode of payment. Regarding the reputation of cash, it will always be there in any form; digital or physical. And if one day cryprocurrencies will be accepted by majority of countries, for sure cash would be still used on normal transactions simply because of governments, and I have no problem with that; not all people are into investments anyway.

AverageGlabella

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Quote from: Frankolala on January 15, 2023, 09:05:40 AM

Cash is weak and vulnerable to attack which makes it not reliable,it can be duplicated counterfeit, it can be destroyed by fire,water,chemical e.t.c. Gold and bitcoin can not be faked,anything that is not gold, is not gold. Bitcoin works with the blockchain which makes it impossible for counterfeit. OP cash is only needed for daily transactions, store your cash at home,by next year,it must have depreciated of 5%.

Counterfeits are a problem because it will increase inflation because the amount of cash flowing around is different to what the government knows that is in inflation. This questions the integrity of cash but there is a solution to that and that is digital money which we are quickly converting too. Gold can be faked unless it is tested. The last time you bought gold did you get it tested? The good thing about btc is that you can verify its integrity instantly something that you cannot do with any other currency.

Swordsoffreedom

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Quote from: Frankolala on January 15, 2023, 09:05:40 AM

Inflation depreciates cash but assets like gold and bitcoin don't depreciate,they are only volatile which increases when the demand is high and deceases with less demand. It is good you secure this assets for safety during inflation. We read of a thread in this forum that told us about a bank that used 50% of its fund to invest on gold because that's the only way to safe the value of cash during inflation.

Cash is weak and vulnerable to attack which makes it not reliable,it can be duplicated counterfeit, it can be destroyed by fire,water,chemical e.t.c. Gold and bitcoin can not be faked,anything that is not gold, is not gold. Bitcoin works with the blockchain which makes it impossible for counterfeit. OP cash is only needed for daily transactions, store your cash at home,by next year,it must have depreciated of 5%.

There is nothing wrong with what you said, but I need to re-emphasize what you said "cash is only needed for daily transactions," and that is the most important point. Whether you invest in bitcoin or gold, after all, when you need to use them, you still have to exchange them for cash to use. You cannot use gold or bitcoin for your daily transactions. It must be said that cash has too many cons, but it has been around for thousands of years and is still the most used, so it is still king. We can't deny it, although it is far behind gold and bitcoin in terms of investment or store of value.

Frankolala

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Inflation depreciates cash but assets like gold and bitcoin don't depreciate,they are only volatile which increases when the demand is high and deceases with less demand. It is good you secure this assets for safety during inflation. We read of a thread in this forum that told us about a bank that used 50% of its fund to invest on gold because that's the only way to safe the value of cash during inflation.

Cash is weak and vulnerable to attack which makes it not reliable,it can be duplicated counterfeit, it can be destroyed by fire,water,chemical e.t.c. Gold and bitcoin can not be faked,anything that is not gold, is not gold. Bitcoin works with the blockchain which makes it impossible for counterfeit. OP cash is only needed for daily transactions, store your cash at home,by next year,it must have depreciated of 5%.

Fortify

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Quote from: Fullbear2222 on December 24, 2022, 09:23:02 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 large amounts of credit are king really. The phrase does not have the meaning that you think it does. Only fools buy into gold alone, it is something that wealthy people have as a backup and a small portion of their portfolio along with many other collectibles/commodities like silver - the most sensible will have less than 5% invested in these things which are very distinct from the cash you're praising at the same time. Stocks are always good, as they are just slivers of ownership in different companies that actually produce things and it is where a large part of most peoples retirement pensions are invested throughout their life time. It's hard to make much sense of your ramblings though.

o48o

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Quote from: Fullbear2222 on December 24, 2022, 09:23:02 AM

Cash is king again.
The purache power of cash is great again.
-cut-

In where? Please tell us.
Because from where i am standing everything food costs at least 50% and 100% more and this has happened in a VERY shot time frame (during the Russian attack).

If your argument is that money can buy you more cryptos now and that's why it's great, then just think about earlier bear runs; cash money didn't lose value while alts were dropping.
So you can do the math how much have cryptocurrencies actually dropped in value.

drac970815

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Cash is king until the economy is down. The best example is Sri Lanka. Look what happened to Sri Lanka with Cash. The living cost is 5X now. No fuel, No milk powder, no foods for children, No gas. why because they print more cash to balance supply and demand. Because they also believe having more cash means they can survive.

autumnleaf

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It is true that cash is king for the majority of people in this economic downturn owing to inflation, but in my opinion it is still ideal to own assets like real estate, land and gold, both of which will improve your financial position over the long term.

BigBos

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Quote from: jaberwock on January 03, 2023, 04:53:22 PM

Quote from: BigBos on January 03, 2023, 08:43:54 AM

It's difficult for us to get money at this time and it's easy for us to spend large amounts of money to buy necessities, so that we can't be far from cash to meet our daily needs. Inflation takes away the value of the currency and the lack of oil supply for vehicles makes it an obstacle to doing good activities. individuals or companies or businesses make all aspects of basic needs increase drastically and by being forced to spend more money, lower-class people prioritize having money in their pockets to make it easier to transact to buy necessities.
In fact today most people choose to hold cash, especially the middle and lower classes to make it easier to spend it.

Since the world have gotten techier and cryptos are now invented. There are now lots of opportunities for us to earn an income. You only think it's difficult because you aren't making an action and you are thinking negatively. Spending can also be controlled. Now that we know that life now is getting tougher, we should learn on how to budget our money and buy only the things that we truly need. Oil price are high but that isn't enough reason to do good or fun activities.

I don't think narrowly, but it's a normal situation at the moment, it's true that you said there are many opportunities from what you mentioned, but I have to spend a lot of time to start again and maybe it will destabilize me in other business (As I will play gambling with the opportunities that exist because we will not know the success).
I know about financial management how to manage expenses starting from primary, secondary and tertiary needs, even preparing an emergency fund, with the scalability of my income to budgeting calculations from total expenses and income to daily, weekly and monthly spending limits. I have also minimized the budget and only prioritized basic needs instruments. But in fact, spending always exceeds the average spending limit due to price increases.

Quote

In fact, it is more enjoyable to just walk or run around than riding on a vehicle. It also have some benefits to our body. Not to mention that we can save more money and then it helps our environment to become more cleaner.

Yes, of course, it is very fun to shop for business needs on foot, and of course, it is very healthy to also go to campus as far as 15km on foot. Huh

GeorgeJohn

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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.

jaberwock

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Quote from: BigBos on January 03, 2023, 08:43:54 AM

It's difficult for us to get money at this time and it's easy for us to spend large amounts of money to buy necessities, so that we can't be far from cash to meet our daily needs. Inflation takes away the value of the currency and the lack of oil supply for vehicles makes it an obstacle to doing good activities. individuals or companies or businesses make all aspects of basic needs increase drastically and by being forced to spend more money, lower-class people prioritize having money in their pockets to make it easier to transact to buy necessities.
In fact today most people choose to hold cash, especially the middle and lower classes to make it easier to spend it.

Since the world have gotten techier and cryptos are now invented. There are now lots of opportunities for us to earn an income. You only think it's difficult because you aren't making an action and you are thinking negatively. Spending can also be controlled. Now that we know that life now is getting tougher, we should learn on how to budget our money and buy only the things that we truly need. Oil price are high but that isn't enough reason to do good or fun activities.

In fact, it is more enjoyable to just walk or run around than riding on a vehicle. It also have some benefits to our body. Not to mention that we can save more money and then it helps our environment to become more cleaner.

BigBos

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It's difficult for us to get money at this time and it's easy for us to spend large amounts of money to buy necessities, so that we can't be far from cash to meet our daily needs. Inflation takes away the value of the currency and the lack of oil supply for vehicles makes it an obstacle to doing good activities. individuals or companies or businesses make all aspects of basic needs increase drastically and by being forced to spend more money, lower-class people prioritize having money in their pockets to make it easier to transact to buy necessities.
In fact today most people choose to hold cash, especially the middle and lower classes to make it easier to spend it.

pantek talacuik

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Quote from: RolonNigel on December 28, 2022, 02:33:02 AM

Now depositing money in the bank can maintain the liquidity and stability of assets, but inflation is not formed in a day or two. We have no perception.

Our feeling may be that we eat three big meals a day today, and gradually become one meal a day, and finally become a big meal that we can't afford. Want to remedy the discovery has been too late.

Split your money into different events, set up different accounts for classified management, some are for buying a house, some are for children’s education funds, some are for honoring parents, some are for travel funds...

So this is a plan for you to be able to survive later if that happens. if what you should eat 3 times a day becomes 1 time a day. it seems like a good concept to make you unable to manage the finances that you are wasting at the moment.

South Park

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Quote from: Leviathan.007 on December 27, 2022, 05:45:10 PM

So if I'm not mistaken you think cash "is the king" because you think the demand for the fiat currency is high, or may I misunderstand you? Just because most people use the fiat currency for their payment and this usage requires a high amount of fiat this will bring high demand you cannot think that the demand for fiat is higher than the other asset like gold and bitcoin, because we all are aware of the inflation rate rising in all over the world, so if the cash is the king then how this king is losing power every day.

The OP is making the mistake of thinking about fiat and wealth as the same thing and this is not true, who would not like to be more wealthy? Even Elon Musk would like to be wealthier than what he is right now, however even billionaires have relatively low amounts of fiat as most of their fortune is in the stock of their company and other investments, so we need to learn from them and keep as little fiat as possible and invest the rest in assets which protect us from inflation.

RolonNigel

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Now depositing money in the bank can maintain the liquidity and stability of assets, but inflation is not formed in a day or two. We have no perception.

Our feeling may be that we eat three big meals a day today, and gradually become one meal a day, and finally become a big meal that we can't afford. Want to remedy the discovery has been too late.

Split your money into different events, set up different accounts for classified management, some are for buying a house, some are for children’s education funds, some are for honoring parents, some are for travel funds...

Topic: It's Simple to understood now cash is king again - page 4. (Read 998 times)