Bitcoin Forum

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 king" doesn't mean it keeps it's purchasing power. In the long run, you're better off with something that doesn't have inflation.

If you're constantly chasing things in high demand, you're constantly chasing losses or tiny profits.

If cash is the in thing now, it won't be by the time you sell it unless it's just being flipped quickly.

Find things that will be in demand again, don't buy gold now find something that's not appreciated much that probably will.

Cash has done well against a lot of common investments but hasn't done better than property or assets like oil and food (like wheat).

Who told you fiat is in high demand first of all? It's only the USD which is in high demand which is just one fiat out of all 150+ fiats on the planet. So surely not all cash is king. Also talking about "king" i think king isn't someone who is in demand, King is someone who is able to maintain it's value always and whenever required. Cash which is USD might be in high demand in the international markets but in USA itself it's still being devalued even further which means it's purchasing power in the US is still decreasing.

For now it is, despite the majority's currencies inflation, people are still surviving with all markets recovering.

Purchasing power is there but due to inflation, it's lessening its power. That's why, it's still wise to have an hedge against inflation and you know what are those assets that will make you feel safe by doing so.

Cash is necessary but it's value is useless so there is no need to be proud of it. People are demanding cash because it is necessary for transaction at the moment. Unfortunately, inflation has made whatever amount you have become valueless.

But cash is really at the top of the demand and its competitors don't have the ability to keep up.  Doesn't mean it's the best solution.  
Despite this, it still provides investment opportunities for a large segment of the marketة while the crypto market provides serious opportunities for many small investors. The obvious difference is in the level of risk and the amount of profit resulting from it.
The difference is a bit like the difference between Bitcoin and the rest of the altcoins, given that Bitcoin is more stable and is considered a safe haven.

I don't know, how does this make sense. Price of everything has gone up due to inflation. And we are using more money to buy goods that were less valuable. So there's more demand on cash right now. In order to survive, you have to spend money. Thus, cash is now more important to people. Money is just a piece of paper. It has no value. If your government issue a new paper note as cash, you have to use it because you got no choice.
It's the "king" now because of the situation. Not more than that. Change my mind

There are doubts about both cash and gold, especially with the current global crisis when it comes to inflating debts and Debt deflation.
Gold for example still can be confiscated by governments if they decide what many countries have done in the past which cash can become worthless during runaway inflation.

Cash, for now, is the king, what happens next might make cash useful also. So far what we've heard on the news was that central banks are buying gold which they were preparing for the gold standard as BRICS countries try to implement.

The purchasing power of cash is not great given the inherent mechanisms in place to depreciate the value of cash by a minimum of 2% yearly. And that's only if the central banks can hit their targets. Most currencies are inflating at a higher rate because of reckless spending and irresponsible fiscal policy by the central banks.


There's a definite supply of gold -- long term you can expect the price of gold to increase as the free supply of gold decreases. That doesn't mean within the short term that supply and demand wouldn't cause decreases in the price of gold.

Supply and demand would tell us that even if the demand stays the same, that the price would still increase as long as the supply were to go down. And you can't generate more gold than what's in circulation or in the ground.

Cash is "king" for different reasons actually.
Here in my inflationary country USD (cash) is king because its liquidity and how stable it is in comparison to our local currency. It is a frictionless asset.

I believe we are living during challenging times where people have had to opt for credit and loans to try to survive, in this context it is obvious to see why cash would be more appreciated, added to the anonymity and wide acceptance around the world. Still we cannot ignore the disadvantages of the inflation and the measures that could be taken by a central authority.

You can keep printing the cash, you cant keep digging the gold forever.

You can keep printing unlimited cash out of thin air, you can't have unlimited gold supply from the earth's crust mate.

There is huge difference between cash and gold. If you know what I mean from the above statements then you will understand its merely wrong comparison you are doing.

Gold will always overpower, its rare earth material. You can not make it in the laboratory. The harder it gets to dig out from the earth's crust the costlier it will get over the time.

Cash is cash. Gold is Gold.

In times of great crisis like this, cash is definitely your safest bet because it's the only asset people will be willing to accept in the midst of an economic collapse. But that doesn't necessarily mean that people should be complacent and refrain to building wealth by acquiring non-liquid assets like real-estate and crypto for instance. Millionaires and tycoons with massive generational wealtj are made from situations like these so be extra wise with how you treat your money.

Cash is definitely the safest at times of economic crisis. Right now it is time to hold as much possible limiting the unwanted expenses. Whether it is cryptocurrency, stocks or some other investments, only the wealthiest will make it with wise plans. It is the monetary system that have given value to the cash. For this reason cash will serve as the king at all time amidst the economic situation. Cryptocurrencies and other forms of investment serve as the alternate.

Yeah, admittedly cash is important as it’s used literally everywhere humans live on earth. But I would disagree on your saying that cash is king cause it’s not. Fiat currency is affected by inflation along with other economic woes that plague mankind.
When there is economic ruins in a country, it’s fiat currency would lose some of its value and its purchasing power, locally and internationally would dwindle. That’s no king in my book. Perhaps a prince of some sort lol but definitely not a king.
There are lots of various minerals that are more valuable and rare while fiat could be printed countless times.

Are we really in a long financial winter this time? Dammit thought we are going better after the covid and crisis things , better to prepare for the worst scenario of low purchasing power and high prices on everything indeed! And then finding the greatest time to buy back the assets that falls during the crisis.

Would be so much satisfying to buy bitcoin at 40% off and bounced back in just few months! Let's see.

Inflation has many causes, in which the population is constantly increasing, with 8 billion people, it is not easy to manage and supply enough demand. Inflation is inevitable, but there are ways to control inflation and using interest rates is also coming into play. This world has existed for thousands of years and inflation is still there and people are still evolving. Don't think that bitcoin is the god that can solve all the problems in the world. Any government can create something with a fixed supply, but will its adoption really make inflation go away forever? Or It's just your imagination. I'm a bitcoin investor, but I'm not as crazy about bitcoin as you are, don't get too delusional with bitcoin when you're still using fiat  on a daily basis.

Purchasing power will not be the same anymore because of inflation, many countries are suffering from this right now and cash for them is not that worth it. The bear market is just temporary, so I’m expecting for another bull by next year. Cash is still the king simply because its more convenient to use and accepted anywhere, if this thing will happen to Bitcoin as well, we might see Bitcoin to be on top.

Cash is controlled by governments, that's why cash is king since they're always force their citizens to use cash as a currency. But cash got inflated every year and people who have low knowledge didn't understand about it, they're pretty much accept it and trying to find a new job that will pay better. However the knowledge people really understand about financial and they're trying to reduce their spending in order to invest their money.

You could be a billionaire today, but the next 10 years you wouldn't become a billionaire if you not protect your wealth (investment).

Purchasing power won't be the same. The convenience of usage keeps it on the top. The direct usage of cryptocurrencies were slowly getting into the market. Even at the hard times as now people never intend to spend it directly as we've got very low level of acceptance around the world. If cryptocurrency gets direct usage access surely Cash gets dethrone.

You just think so, which Fiat is king? Dollar or euro?
Look at the purchasing power of the dollar or the euro just a year ago and look at its purchasing power at the moment and then compare,
do you still believe that Fiat is the king? Do you believe in a king whose power is constantly diminishing?

Fiat could be stronger and more in demand than gold and bitcoin, but does it have the potential to last long? Think of inflation, think also. What if the US economy collapsed, what would be the fate of the dollar? The dollar will become nothing more than toilet paper!!!

Any fiat, digital, or even cryptocurrency linked to a centralized system will end in failure.

Gold and real estate can retain their value, while cash will decrease in value as the purchase price increases. When inflation occurs, the wheels of the economy get narrower, the value of cash falls even more due to rising purchase prices.
For example, you save cash worth 300 grams of gold, five years later your money is no longer enough to get 300 grams of gold. The value of gold continues to increase, while the value of cash depends on the condition of the purchase price.

Well right now you are better off having cash than in the past.

You can put it in a savings account and earn up to 5% interest.
If you buy a car with cash you save up to 10% interest
If you buy a house with cash you save up to 7% interest

Depending on how long we have these high rates, it will add up in the long run.

Do you believe that in 2023 bad things will happen to the economy? that's what you have to learn going forward about all of this. Dhould take appropriate action in the coming year. everyone is getting dizzy with all this. doomsday is coming.

Inflation isn't carved in stone, it's man-made. For centuries, inflation was more or less natural occuring, which means it went up and down depending on the economy (and harvests, wars). Most importantly: inflation was followed by deflation for the first 700 of the last 800 years. See:
https://macrohive.com/wp-content/uploads/2021/11/inf1.png

So what changed? Central banks happened! The gold standard was abandoned, and inflation became a target instead of just volatility.

Cash is indeed the most widely used even though the digital era has indeed made some people switch to digital payments via Qris etc.

and when it comes to keeping fiat money (saved in a bank). So I think it is an unwise action. Because fiat is most prone to inflation and deflation. But cash is indeed easier to use. so when we have enough cash savings. So it is wiser to transfer it to assets that are not too affected by inflation, such as gold. and some are used as investments by buying property or bitcoin.

Whether cash is king depends a lot on a level of digitalization of a country, whether it's an urban or rural area, and on the generation of people. There are lots of people who are by now very used to ordering food online and paying in an app, doing the same for taxi, paying utility bills online, buying tickets and paying rent online, etc. I'm among those people, I barely ever have cash on me, unless I specifically know that I'll need it because a place where I'm going doesn't accept card payments. There are many things that are very hard to buy with cash, in some countries even impossible to buy with cash. And cash can be useful for daily transactions in some cases, but it's not a currency itself, just a representation. As for currencies, they tend to lose value over time because inflation is a part of how fiat functions. So stacking up on cash and hoping it will even have the same value in a year, let alone have more value, is in most cases useless and doesn't make sense.

In this 21st century, cash is still king, that's for sure, but our world is changing, and that will be changed in the future. When everything is gradually digitized and people also gradually get rid of cumbersome things and move towards convenience in life. But it is true that getting rid of cash completely will be difficult, and I think it will be many years before that task is completed. And will instead be a digital currency still created by the government rather than a decentralized currency.

There are also privacy coins that provide a similar level of privacy. One is the digital currency Monero. Another cryptocurrency that offers privacy by default and has 16 times bigger anonymity sets than monero is called Pandora Cash.

Do you mean that altcoin is 16 more fungible than Monero?
Well, I am not sure how is that possible since Monero is supposed to be 100% anonymous or private and does not have major flaw as far as I know. I am aware that you are giving some free advertisement to that coin but I am still open to read about it and see what you mean. I have got low expectations on it, though.

Any link to the official ANN thread here on Bitcointalk?

in times of economic uncertainty, people may turn to cash as a safe haven asset but that asset will not be higher than the budget of a several month or a year at most because fiat currencies will fluctuate in bad terms especially in bad times in economy. Also, most of the properties' prices are fixed to gold or others and increase according to the inflation rates.

Cash may still be the king, but let's not forget about crypto. They are gradually accepted as cash in many countries, and they offer some unique benefits and have the potential to change the way we think about money. People pay with the things of past and buy the things of future that gives hope.

Despite the high rate of inflation and the loss of value, people are still working very hard to make money, in fact, the rate at which people hustle to earn ends meet is twice what it use to be.
If you are of the belief that cash is getting weak or phasing out, you are deceiving yourself, there is nothing you can do on earth without involving cash.
Even buying Gold also involves money because not everyone has access to mining Gold. And the list goes on.

Then why does the value of your king cash keep on deflating?  Because government keeps on printing!  Inflation destroys the value of your king cash, cash is for spending so a sane person will not hold a huge amount of cash, they rather hold something that will inflate in value over time and that is where investment in real estate, gold, stock, and cryptocurrency comes.  So you can keep your king cash while I will try to spend them as fast as I can to avoid losses due to inflation.

The world is changing day by day and as I said, the population is increasing rapidly, the pressure of supply and demand is great, so inflation or social evils are inevitable. And the government has maintained so far it has been very successful and fiat has also done extraordinary things over the past 800 years. Then why would you disparage it and say it's useless and bitcoin is the best? while the age of bitcoin is only 13 years old.

Are we too delusional to think that just applying bitcoin to the world will solve everything? Bitcoin is just a risky investment, and we don't even know how long it will be with us, let alone whether it can take on the duties of fiat. Bitcoin is an investment, it gives us the opportunity to change our economy, I support that. Please don't exaggerate it.

Bitcoin has been at the top for a long time even though what you said has not fully happened to Bitcoin, because there are still countries that cannot accept Bitcoin and there are still many people who cannot use Bitcoin. But that doesn't put Bitcoin on any other level than the top level as the best coin or currency in the crypto space and it shows that if one day Bitcoin continues to be accepted by all countries and all people can and want to use Bitcoin, obviously Bitcoin will always be stronger at the top and continues to be the king in the crypto space.

That is clear, if the use of cryptocurrency has become easier for everyone and no longer hampers them in doing everything in the transaction path. Then cash will be the second option in terms of payment after cryptocurrency being the first and even some people will rarely use cash if cryptocurrency makes it easier to pay and make any transactions.

cash is always a top priority, especially nowadays. even though now is the digital age, cash is still needed.

by having a lot of cash, all needs can be met because money can be used as a means of buying and selling. this shows if we have cash can do anything like a king.

if now is the time of the digital era, then what about people who are less fortunate? they definitely prefer cash because it's easier. and people's circumstances are different, sometimes there are people who prefer digital money to cash. but there are also people who prefer cash over digital money.

Fiat money is also used in business. without the right amount of cash, businesses and households can experience great difficulties, and even be forced into bankruptcy. cash presence is always important.

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.

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...

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.

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.

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.

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.

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.
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. ???

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.


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.

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.  ::) 

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.

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.

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.

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.

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.

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.

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'.

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.

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.

      -   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.

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.

This phrase was popularised after the stock market crash of 1987 (https://www.asc.co.uk/where-does-the-saying-cash-is-king-actually-come-from/) 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.

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.

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.

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.

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

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.

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.

Its true that money is a king because every single work in this era is possible with money. People works continuously in order to get cash to satisfy their lives because education, treatment, drinking and eating everything is hard to find without cash.

If we have cash and on other hand we also have some invested money in asset like that of gold and bitcoin so asset will have the possibility to Increase your money but that of cash will remains same as it is. It will be more suitable to put money into asset rather than saving your cash with yourself.
Earn cash and make investment with little sum so earning possibility will become easy and you will spend life happily.

A bit of a controversial statement, let me clarify.
Gold, bitcoin, real estate, mi other are investment assets. With different levels of risk. Yes, in times of global crises, gold becomes a "classic safe haven".
BUT ! The problem with gold is that you can't buy bread, coffee or a kilogram of meat with it. In this sense, it is not very liquid, and from the point of view of the real price - no one will evaluate your part of the bullion at the market price. When people start selling gold to buy food, it means "the situation is critical, we have to survive".
Cash - yes, it is a very liquid asset, although it is subject to inflation and other negative processes.

That's why those who have a lot of money invest for a LONG period of time, in gold and so on. Those who do not have a lot of money and opportunities - sell everything liquid in exchange for cash.

It's hard to talk about happiness and money. Because this depends on our family background. If we are born into a difficult and poor family from birth, money can bring happiness. But if we are born into a rich family from birth, happiness is not money but happiness in other forms.

Money doesn't buy happiness, but money can provide comfort, because happiness is a state of mind and there are many determining factors. So I think happiness and well-being, needs and wants go hand-in-hand. so money is very important nowadays without money happiness can be lost and a lot of money but not happy is also there. that is why happiness and money complement each other.

The problem with cash is that it has value in certain countries. In the desert, in various other countries, cash has no value. Gold is more liquid. To use bitcoin, you need the internet. For example, tribes in Africa don't have internet (and neither do phones). But even there, gold is recognized. So the main indicator is liquidity in different conditions.

Continuing the idea of the silver metaphor in the post, money is always the "king", clearly fiat currency has most of the current economic domain, however the number of factors that influence current economic trends go much further. From this, in this comparison a king will always be affected by a lot of external factors and he will not be able to have them all covered, in this order of ideas, it does not matter how relevant fiduciary currency may or may not be today, obviously the economy needs to reinvent itself constantly and in the same way having a predominant role in a certain dynamic is not necessarily a meaningful equivalence to being a "king", history has shown that.

Let's put it this way - in the desert, gold is not a very liquid commodity either, if we're talking about the general population. Guns, water, high-calorie foods, cows, ..... - yes, it's very liquid and you can trade anything for it.
Gold is a hard commodity for the average person in the desert to trade. For example, you have a bank bar weighing 15 kilograms of gold. You are in the desert in shorts with that bar. You suffer from thirst and sun - in a critical situation you will give these 15 kilograms of gold for a jerry can of drinking water, an umbrella and a 19th century rifle with a pack of cartridges. In another situation, you will buy an apartment with a luxury renovation, a car and enough for investments. Liquidity is a strange thing - in comfortable conditions gold is really expensive, in very uncomfortable conditions - its price drops to the price of weight for weight for food :)

Since none of the other assets you mentioned where made legal tender except cash or fiat currency, of course cash will always remain as king, isn't that the reason why the government are fighting so hard to keep it relevant. A control tool on the masses. What is so special about cash status in the economy when the value keep depreciating in the face of commodities?

Everyone may have felt how the facts are in life. Because when someone who continues to have a desire for something in his life, while he doesn't have the money to get it, of course he will feel difficult and he will not feel happiness in his life. So it is clear that in this case everyone may not be able to lie about money problems and also their happiness in life.

Another form of happiness is calm and comfort in one's life and sometimes in terms of peace and comfort not all rich people in this world have it even though they already have a lot of money. But basically they will also find it easier to get peace and comfort in their life as long as they know how, because in this case money also plays a very important role so that the difficulties due to the lack of peace and comfort for the rich will only last for a short time.

As I said above, happiness in other forms is about having peace and comfort in life when someone already has a lot of money, generally they don't think about making money like the poor do. So the role of money in life and in getting happiness is always there and always goes together so that no one can deny it because money has always been a determining factor in this matter.

Cash is valueless if there is no product to purchase, cash is nonsense if we can't use it to acquire things made from gold, silver and oil. Cash can not eat cash. So if cash can't acquire the necessary needs of human then the king name of cash worthless. Therefore, cash has to give respect to the things of high value like Gold, Silver, Bitcoin and consumable products. I will also agree that money is everything but to have happy mind is the greatest of them all. You can have a lot of money but no peace in you life.

You are saying the opposite of everything, if you don't have money, you can't buy anything in this world. You go to work, do you get paid in money or goods or gold? You will have a lot of trouble buying goods with gold or bitcoin, but with cash it is extremely easy. No matter how much we hate money because of its devaluation due to inflation, there is no denying that cash is still king of the moment. Money is still the measure of all wealth in this world.

In the vast desert, water and shade are more valuable than gold. Survival, not gold, rules the desert. Value is subjective. Society values gold. "This shiny rock is worth something." The desert changes our values. Survival outweighs gold's value. Our societies are not deserts. Complex structures with extensive value systems. We've agreed on gold's value here. The thirsty desert wanderer would sell gold for water, but in our world, gold is worth far more. Isn't perception amazing?  :P

Because fiat money is something that is really needed right now. Hence, fiat money is like a king in the eyes of the public because fiat money is really needed in this inflationary period. All kinds of equipment need money to buy it.

The Fiat/Bank shills will never give up....  ;D

The biggest enemy of "Cash" is long-term inflation ....so looking at short-term spikes in the buying power of cash is stupid.  ::)  Purchasing power is the value of money in terms of the real goods and services it can purchase. So, looking back in the history of money in the long-term... will give you an idea where it is going in the future.

Just look at what you could buy with a $20 note now, compared to what you could buy with it 20 years ago. Fiat currencies are doomed to fail.... and it is only through manipulation that people are not noticing it's demise. (Cooking a frog slowly)  ;)

At present people are less interested in using cash money now people are more interested in using online money. Because at the moment online banking or mobile banking has become a very easy matter, you can turn your online money into cash money anywhere. Due to the availability of so many facilities, people now feel more comfortable to use online money instead of cash money. Online money transfer is safer than cash money transfer. When you carry a large amount of cash from one place to another, you have a fear of it being stolen, but that's not the case with online banking. In the case of online money, you have your own password and security so that even if your device is lost or damaged, there is no possibility of losing that money, that's why people now feel more comfortable to carry or transact money online.

I totally agree with you, It's better to accept the truth, there is a saying that ''money cannot buy happiness but only buy commodities or things'' it's only sound good in academic books or in quotation but in reality money does matter. Ask with those people who sleep empty stomach just because they don't have money. Do you think these people are happy? love with empty pocket it's almost impossible, especially for men. Empty pocket teaches you a million things in life, it teach you the value of basic need just like food, shelter and cloths.

Cash can't give respect to the assets you mentioned because those assets still needs to be sold to cash therefore everything resolved around cash making it still the king. Cash in the statement isn't money but that fiat currency used in all countries. After making so much profits with Bitcoin, you'll still need to sell your Bitcoin to cash as you can't use Bitcoin to pay for things that's needed in your daily life, In the future that'll be possible but it isn't yet.

Bitcoin has been dipping and so has others like gold, silver and oil. This is why the OP was calling cash king. Always make sure you have cash that can be used for buying things you need for your daily living but don't hoard cash instead hoard Bitcoin, Gold or other assets.

The OP mentioned the purache power of cash is great again so I’m assuming he meant purchasing power of the cash is great again. With inflation ravaging most parts of the earth, the purchasing power of the cash is anything but great. I’m pretty sure the monthly budgets of people here has increased over the months for the same goods purchased. I know mine has..
If the purchasing power was that great, I would have been able to spend much less for more goods or/services.

I always thought the phrase “cash is king” refers to the fact that people would be willing to accept cash payments for goods provided or services rendered more than any other means and with cash, no one except you and the seller would know about the transaction.
Now, more I believe more people are more willing to accept other means of payment other than cash and people are not willing to hold and travel with a lot of cash on their person for obvious reasons of being robbed.
Cash is nowhere king status. Perhaps a duke would be more befitting.

FIAT currency represents money; as long as money can be used to purchase anything, its demand will remain high. But what about those who already have sufficient or even ample wealth? Do they continue accumulating money or diversify into gold and stocks?

The more sensible approach is to diversify into gold and stocks once our financial needs are met. FIAT currency is a symbol of inflation, and its continuous printing, which lacks transparency, will never be curtailed. Money is needed when it is absent, but once obtained, the next target becomes gold and stocks. Money is for the present, while investments in gold and stocks are for the future.

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.

The reason why I think cash is king is because, during times of financial stress, it is good to have liquid funds. When people cannot pull out money from the banks, it is good to have a safe at home with money to be able to hold cash which gives people phycological peace of mind.
Most experts recommend you have 6 to 9 months of cash in case of an emergency, just like a business would in the event of unexpected expenses. Cash is King is a way of saying that cash is superior to other assets like stocks, bonds, and gold.
When a business chooses cash as a form of payment over credit cards or checks it is a good for them. Because with accepting cash you can use it immediately and don’t have to be waiting for the credit card company to pay.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.



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.

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.

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. ;D