Bitcoin Forum

Everyone was laughing on Ray Diallo when he said his famous phrase "cash is trash" on 2019 and they even laughed more when his hedge fund tanked 30% under water on early 2020. guess what, US stock markets are bullish again and on a stunning V-shaped recovery and Gold recently hit all time high and bitcoin of course in its way to break new price record. So, who's laughing now!. he was damn right.

Cash is not a trash at all because it is still acceptable by many but if you look at its value, then we can say that cash is far behind gold, bitcoin and stock market as well. Those people who are laughing don’t have any kind of investment and didn’t realize its importance. If you want to be beaten by the inflation then go focus on your cash but if you want more, use gold and cryptocurrency.

This makes sense. What, are we supposed to hold our laughter until the guy goes bankrupt or recovers?

For now. Hindsight is always a funny thing, isn't it? You can use it to pretend like you were smarter in the moment than you actually were: if I went all-in on a 7/2 offsuit in poker and managed to flop a nut 4 of a kind, am I supposed to act like I did the right move? No. It was a stupid move. I just got lucky.

I believe it would not take him much to realise the value proposition in cryptocurrencies and specially in Bitcoin. he even expressed his opinion about it in one of his interview (https://youtu.be/UyVIuNI797w), mainly being a speculative vehicle

The guy's really funny. I mean, you can tell everyone 'I told you so!' after one correct prediction but you're still drowning in your own losses and misjudgments, and that is what this guy's been doing for a year. For now, cash is king due to people's needs during this pandemic, and liquid cash is something that you don't want to miss out especially when stocks are running low on certain necessities. Anyway, the dude is just lucky that his flops are turning into something valuable now, and after a few months, just look how well this guy performed in terms of his assets and he's probably still behind from what he initially started on.

just to be fair, Ray Dalio is a successful hedge fund manager even some people wants to put him as one of the legendary investors in all time . he was able to achieve +12.96% Compound Annual Average

Cash is not a trash especially to the poor and developing countries, many are dying and unnoticing or risking their lives to earn those cash that they can use in this Pandemic. Even there are Pandemic they still keep going in prone areas with high risk of infection just to earn those cash like in my country where bitcoin and even online banking is not yet popular. Many still depend on cash and we hope that government will change their heart in it and tries to adopt advance changes.

The name Ray Dalio wouldn't have been made had the man was a constant failure. The man knows and understands a lot.

Well, as to "cash is trash," the world has changed. Bitcoin is an electronic cash. In the digital age, money on hand is what cash is all about. And in this age, money is no longer equal to fiat. Fiat is trash, of course. I mean, the system that built and controlled it.

 totally agree, he's very knowledgeable especially in his field. also, I highly recommend to read his free book Big Debt Crises (https://www.principles.com/big-debt-crises/)

Cash is never a trash because when we pay transactions traditionally we are using it for so many years.

Now, these digital currencies are only new to the industry. Not all people are using digital currencies but most of the population around the world are using cash to pay everything they need.

Gold and any other assets have their different importance and benefits towards people so if you compare them, you should consider the factors in the market. Just like what you've said inflation, it depends on the situation. But right now, cash is more convenient because not all business are knowledgeable about other assets and they are still ignorant about gold and crypto as an investment.

We should consider those people in a lower class who livew in our society that only recognize the value of cash.

Cash is not trash, but cash is king right now, especially if cash is held in dollars. In fact, to have cryptocurrency you must exchange your fiat first (except for crypto which can be obtained through mining/minting). Also for now bitcoin loses its function as money for many reasons, especially government regulations.

But even though cash is king, the current system is corrupt, starting from bank interest, fractional reserve, seigniorage, the abolition of the Bretton wood agreement so that the US prints dollars without collateral, while other countries print dollars with collateral.

Cash always loses its value but still we need them if we want to buy anything in the world for now, things may change in the future but until that trash is needed for everyone.Stock and cryptos are getting bullish because people need something to invest since the pandemic is about to over so they can enjoy their profits until all governments economies getting recovered.

Never heard of this guy before since I don't know much about stocks etc, but I do know the fact that cash is definitely not trash and anyone who believes that are easily some of the dumbest people in the world.

Physical FIAT will always be relevant due to decades of reliance on this payment system. Digital payment systems will never overtake physical FIAT in terms of popularity etc in my opinion.

Bitcoin purist is not a good thing at all. I agree with the fact that cash is not trash and I would like to elaborate it so it can be seen at a bigger perspective, cash is the keystone that supports the bridge that is free market, cash will stay for long because this helps businesses and small businesses at that to be part of the economy even if they do not use bitcoin, besides the fact that not every commodity and services can be paid through bitcoin, cash plays a big role in making that problem go away, so for all bitcoin purist out there, consider balance between fiat and cryptocurrency.

Bitcoin already proven recently its capacity to grow and of course this is together when US stocks grows again like WO thread says.
But i don't think it is appropriate to call Cash as Trash when we all live since birth using this payment medium.

Not until Bitcoin Adopted in majority of the countries around the world,Cash will remain dominating the system.
How can we use bitcoin when our country are not allowing us right?
i Know that in the next 5-10 years adoption will already come,but until that time?lets focus in  progressing this market for us and our next generations.

Those who thought it as literally trash definitely laugh their ass off. But come to think of it, when he say trash maybe he just used inappropriate word. Since we are in an era where in cashless payments, digital currency payments were already been implemented around the world thus it makes sense that cash is somehow been  set aside to use by some.

Although fiat money can not be replaced as of the moment since majority of people are dependent on it in different aspects but we can see how digital payments are prominent today.

We can't live without cash, so we can't call it a trash.
People calling cash as trash does not live in the normal world, no matter what technology will become popular, it will never be as useful and as popular as cash, so no.. cash is no trash. In terms of its of the stock market, can you should some proof or reference that the us stock market are now bullish?

I'm not familiar with us stock market, is this the one(https://money.cnn.com/data/us_markets/)?

I think majority of the people here are taking his statement out of context. When he said "cash is trash" this was his way of telling people that if they had extra money lying around they must put it into diversifying their investment portfolio. He mentioned about it being a medium of exchange so I don't think he is saying that cash is actually useless but is something not worth it to hold if you have extra lying around. Just by holding cash you are technically devaluing it as the inflation rate decreases its purchasing power while if your money is on stocks it has even a chance for you to be richer than what you are before.

I know right, but the guy is referring to the cash in terms of investment asset. Of course cash ain't useless, obviously as long as you're using it. The OP's title gives us a lot of misinterpretation on his statement.
This guy refers to always choose investments such as Gold, Stocks, or Bitcoin rather than storing fiat in a bank or anywhere else that can be affected by hyperinflation.

I know what he was referring too, I just emphasize how useful cash is, lol.. just like the OP, it;s kind of confusing about the title but the content of the message will be easily understood.

That's why I ask him about .

Cash is trash up until we have a moment like the recent covid-caused mass panic across all markets, when no investment is safe, and even gold tanks. Wise investors don't shit on whole asset classes, they understand that everything has its use depending on the mood of the market. It's better to never be a fanboy of some type of investment and always adapt to the trends of the market. Sutbbornly clinging to crypto or stocks or gold means missing opportunities on the other end. But people do this because they just don't want to admit that they are missing out on something.

People don't try new opportunities as they are comfortable with the ones that they were already using and they think its risky to invest money in new areas. Even I am one of those people, I know DeFi is now the future and yet I fear that I will lose money investing in DeFi projects but still I have a good friend of mine who advise me to hold LINK token and so I purchased some tokens and have been sitting on them from a little while. But cash is just trash and useless in these times when everyone is using and promoting digital means of payment.

Yeah

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We are now in a very strange time that we used to do Cashless payments and transactions, but this doesn't mean that Cash is going to be a Trash. A lot of people in remote areas of some countries are relying on Cash because they have no knowledge nor access in the internet or modern technologies.
In the digital world now, in most cities in the world, people can live up without Cash with just tapping their smartphones or computer and every transactions are possible. But, still we need the Cash from time to time and we can't deny it. No matter what kind of situation in life we are in. We still need Cash.
It maybe less behind gold, but its still important to us.

There is no problem in investing but in pandemic times, cash is actually what people need. Many businesses were stopped due to this pandemic and our investments were also affected so for the meantime, cash is what you need to survive in this times.

I agree with hatshepsut that it's about being flexible in whichever season we are. In pandemic times or not, as long as you know how to adopt the situation and you know what's applicable to you being an investor or someone who wants to play safe.

What I meant is the united states stock markets you know, like The Dow Jones and The S&P 500

I think cash will be trash for middle and high class people who store their hard earned money in banks and never invest it in asset that retains its value

I agree with this, we used cash for so many years and yet you're just calling it trash?

It is a shame when they call cash a trash when they also use it in their personal budget before. You should not look forward to hate cash because digital currency will not exist without the use of traditional cash. Let's accept the fact the we can't live without the use of fiat, digital currency will become popular but it will never replace the benefits and people who are used to pay with cash. Why can't we trust both and don't destroy the reputation of cash.

Fiat is what people need these days, government started to aid some cash online using digital processors so every one can get theirs, and not crypto. Cash won't be gone forever, we will need it even if we fully adopted the digital and cryptocurrencies, there are things that is better traditional than being innovated. During the pandemic, most of us expected that crypto will be on the table of a larger scale but it ain't, instead the government make this time to think of a new digital system that will be running alongside with crypto.

If you got spare money then invest, there are lot of asset today that is on a price plunge, so better look for opportunities that lies within.

I would not assume that cash is rubbish because basically money is everything we can do anything we want right including investing in stocks and crypto initially using cash then deposit into digital money.
The whole world is currently using traditional money, and of course this is more valuable than diamonds or gold, so no matter how great it is investing in US stocks, I think it's useless if it can't be made into cash.

USD is going down compared to EUR so he is was kinda double right I guess

Cash is trash but on the other point we use cash to buy crypto and everything lol, does this mean that everything is trash too? fiat is the standard means of trading, if you will say that it is a trash then you better be using gold and other metals to transact. You are blinded with the very idea of crypto and digitilization without knowing that these two won't work without cash, actually everything won't be valued without cash. How much cash do you have right now?

Don't ask for stimulus if you don't need it, it's a trash!

So what you are trying to tell, cash is a legal tender and i consider bitcoin as a legal tender as well as both have the same properties but on have a blockchain trial while the currency minted by the government does not have that kind of transparency even though every coin minted will have a serial number. You cannot live without fiat currency and it is a fact as you cannot expect everyone to move their entire transaction in bitcoin

Although cash is slowly going to history we still can't without it. Cashless society is something we would like to achieve but still large number of people is still using it and it's not willing to give it up.
I wouldn't say that cash is trash, maybe is just a form that becomes oldfashioned in this high technologies era but I think despite that it will not disappear over night.

I agree with as well. Cash will be there as long as there will be people that haven't adopted the digital changes for transactions. Not everyone can go digitally and adopt it easily as what we are doing. There will be people who haven't been introduced to technology that will have hard time using it.

It's also the best time to invest in these times, many assets get lower in price so it's true. If we have spare cash to spend for these assets and you understand that it's a good time to buy, do it.

Those people says cash is trash is been obsess already with crypto and just dreaming for something unrealistic, maybe in future it possible to happen but its somehow cannot be adopted by majority since I'm sure many will select the traditional payment system. Maybe some use the cashless due to pandemic but everything will be back to normal once the world will be at good state.

Cash is just a tool, the same as crypto is a tool, and in the time when we technology progress, it seems that crypto is a better tool. Why hate cash? It was good because we didn't have anything better, there's no need for hate speech now, we just need to transfer to something better and learn about it, to try to understand it.
I am not sure about going back to normal, this is taking too long.

Even we are in digital online payments cash is still necessities that many other people are still using it to buy goods and purchase something that they comfortable of. So, cash is not trash at all and that's we are all started on fiat currencies and we still using it up until now before digital currencies not yet available. As we trying to spread bitcoin adoption, we cannot turned our backs to fiat currencies because that's our origin of payment system.

Wow you are so cool and smart God! Please tell me more about the fact that money is garbage I'm so interested! Listen do you agree that the state is also garbage and we need to get rid of it? I believe that we should return to the barter system and live in peace and harmony! Damn you just like I honestly did not think that I would meet here the same smart person I'm so happy!

 chill out, dude. did you even read his articles or his book. here's a link if you're interesting https://www.linkedin.com/pulse/chapter-4-big-cycle-united-states-dollar-part-1-ray-dalio

Cash is accepted everywhere in the world though the currencies of each country is different. Also, for something to become like a cashless society it will decades and decades as in all countries you have poor people who do not know how to separate such things or do not have the required facilities as well. So yes, some part of population in the world will shift to this digital money bit still cash will remain in society.

It´s a nice sounding slogan but given the size of the crypto markets we are far away from throwing cash in the trash bin. A real setup could be to claim that Dollar bills spread Covid19, a possible way top force people into a cashless society. I´m certain that won´t happen soon, they need a CB issued and fully controlled digital Dollar first

Cash being accepted all around the globe happened as a continuous progress. What we have with the digital economy is something that is technology based and are available with the demand to the supply. Not some part of the world, almost everywhere we can see digital money usage in the future. Confirmation for the same has taken place during the past three months with a big increase of digital money users.

I read that first introduction last year and it gives us confident even the market is not doing good,and while checking the recent videos of Ray https://www.google.com/search?client=firefox-b-d&q=cash+is+trash+ray+dalio

Still his stand is about Cash being trash stays strong and  with his stand and admiration i salute and respect the man.

At least people realization is starting and this is what i think the  important part here.

No one  here (who understand crypto advantage) to Hold Fiat now while the spread is constantly happening.

But this is the beginning right?that our prayers about cashless society will soon be here .

We are far from that? Its more like we are never going to throw away cash for sure. Assuming that we are discussing about crypto in general and not limited to bitcoin, then I wouldnt expect a country to throw away all their cash and started issueing their own digital currency. The reason would be that not the entire population of the respective country are tech savvy, you need a specific knowledge on how to use those digital / cashless payment and stuff

I wouldnt expect everyone on the age of 60+ would be able to do so

Cash is trash doesn't mean anything in order to explain what he thinks.
Probably he agrees that the best way to keep your money somewhere are investments. Because investments are also cash (most of the times). So how can he define that cash is trash?

Ray Dalio is one of the top hedge fund managers, he has predicted many crisis. So being wrong a few times is just normal. No one can be right a 100% of the times. Stocks are still up MTD and only slightly down YTD. The maginitute of the corona crisis was very hard to be predicted and the reactions so far are very mild, compared to 2008. Holding some cash is fine at the moment but you still need to be aware you are losing money due to inflation. On top of that many banks are having 0 intrest rates with high fees for their accounts. 

In my opinion, don't mention Cash is trash, because that's absolutely not true. Around the world still use Cash money, so it's still useful
and it's not proper to call it trash. Although related to cash or fiat investment can not be said to be trash too, because if we keep it in the
bank still get interest even if it's small. When compared to Gold, Stocks and Bitcoin which is better as an investment. But not means cash
is trash as long as it still provides profit.

I believe that labeling cash as trash can also be philosophical in nature. Money is garbage and not the most important thing in life. Although in the current realities there is nowhere without money. But speaking to the point, it is best not to worry about the value of your cash, it is better to convert it into a commodity or any kind of investment. even for an ordinary person, it is better not to keep money in the bank, but rather to purchase at least real estate. One way or another, cash must be invested in order to make a profit.

It is not right to say that cash is trash because cash is still a big part of every humans life.Let's admit the fact that we will be having a hard time if we don't have cash in our pockets. But it would be better if we will use it for investing things that increases it's value as time passes by like lands or other properties. Because there is a greater chance for you to earn profit from it.

I witnessed it a few times in China that old folks using Tencents WeChat to send Hong Bao (Red envelop with money) electronically to their grandkids. Not all use that of course. On the other side, if even the street beggars wear a QR code around their necks to scan and donate electronically you are pretty close to going cashless. I wouldn´t expect such a situation in the USA or somewhere in Europe soon.

It's trash for people who got more than they need and don't invest in deflationary assets

Money is a means of payment, money itself does not provide benefits, but it is the function of money that provides utility. Money becomes useful if exchanged with objects real or if used to buy services. What makes money junk is the additional function that money has as a commodity, is traded, and becomes a speculation tool. Money can not be greasing the economy because it is collected in some people. Hoarding money and circulation in the free market keeps money from moving in the real sector so that the economy will spin.

Let's not overreact on cash right away, it still has some sort of value in world when you are spending it, not in the sense that fiat has value, fiat is something else, cash is form of a fiat, if I was promoting fiat here I wouldn't need cash, I could just say debit cards or credit cards which are fiat as well.

However I am saying cash, cash still has some value because for some stuff we still pay in cash as well. That means we are going to actually spend cash for a little bit more while, not going to stop doing that forever, it is going to take some time to remove cash from human life forever, we will definitely move towards never using cash eventually, doesn't mean we will move to crypto, just more digital payments of fiat, but that is at least 20 years down the line, probably more.

First of all that phrase was said by this forum's members from ancient times but personally I don't think so.
On another hand, why do anyone thinks that cash is trash? No, cash isn't trash, it's great. Trash is the way governments manipulate with cash and believe me, same will apply to any currency they wish. Will they move on crypto? Then this cryptocurrency will be controlled by them and same regulations / control mechanisms will apply to them that we have right now on cash/fiat. Cryptocurrencies are just alternatives that give us possibility to have better self control on your money and higher privacy / other requirements that we can't get on cash/fiat.

Cash will never trash because it was the currency use by everybody young kids,adult,poor and rich every one using it and everyone is trying to do hard work just to get cash to be use on their everyday life. Even now that bitcoin is still moving upward,if you need to cash out your bitcoin and other cryptocurrency you are going to convert it into a cash so that you can use it.

Cash are not yet trashed but it can become a trash like what happened to the fiat currency of the Venezuela,  where they experienced hyper inflation and their fiat currency lose its value. Their economy crashed and until now they are still in the crisis where many families out there forces to go in other country because of the hyper inflation. The USD may experience high inflation rate in these days especially because the FED printed trillions of dollars where it can affect the supply and demand.

It will be a long journey before cash will be obsolete. But right now, a lot of people are still dependent on using their cash. We may be in the digital age, but a large population is still not yet ready to fully convert themselves into cashless beings. Most of those who are residing in the countryside or remote areas are not bothered by technology, so I am guessing they are one of those that will stay in fiat money.

It sounds cruel and harsh calling out cash to be a trash and at the same time too insensitive for the reason that many people are still using cash nowadays since for them it is the most convenient valuable type of money they can have to sustain daily life needs coming from work which pays them cash or paper money for a job well done.


I agree. It is not appropriate to call cash a trash for it is still widelt acceptable by many people and the government as well because it is the only type of money in different currencies that are free to be used by many people compared to cryptocurrencies alone. The value might be far behind gold and Bitcoin but still people make used to have it for it is a valuable thing for them. A trash is something that have already no value and that must be disposed already. But cash have value so basically it is not classified as a trash. It is just so insensitive for someone to call cash a trash like he have not used to have it before crypto and digital currencies have arise.

What could have been the look on his face when everything hit bottom.
Before that next line upward of that V shape.
I guess he was also worrying if it will really recover.
Did he see the future? No! He just survived it.  ;D

Cash ain't trash, there are still people in urban places which needs it for their trades to be easier.
They still don't have the technology. If that is what he meant.

Cashless economy is not yet ready,so, cash is cash and not a trash even we are now in a new generation which is fully  digital with new and modern technology. Still, we need cash because not all countries are accepting payments using digital currency. And Cash is all the people know and familiar especially the old people and those who leave in a remote area where there is no electricity and internet connection nor gadgets to be use.

Cash in normal states will never be rubbish. Therefore, this expression is generally incorrect. You can call the bolivar rubbish in Venezuela, when constant high inflation has practically devalued it. However, it never occurs to anyone to call the pound sterling rubbish.
Now there is a tendency to digitize the common currencies of states, but this process will be gradual and is unlikely to end with the complete displacement of paper money.

Moreover, I think that cash will remain on par with electronic money for a long time to come. Many countries will find it difficult to abandon paper money due to the unstable economy. Therefore, calling cash a trash is not entirely correct, since a huge number of people continue to use it.

I think it is very inappropriate to coin or name cash as a trash for we have been using cash moreover before digital currencies like crypto have come into action. Also, if you would think about it, how can you say that cash is a trash when it still do have decent value stored in it and it is still in used with different currencies across the world by many people because it is a valuable thing that must have every single moment to be able to sustain your needs in life. Saying cash to be a trash seems like that it has no value and must be disposed already but that was not actually right because cash or physical money is the first thing people have before it have turned into a digital one. It is like the base form of the digital currencies so if we value digital currencies, so we must value cash as well.

It might be that cash's value is far beyond comparable to digital currencies like Bitcoin but still cash have its own value that comes in different currencies depending on the country which makes it valuable to people most specially for those who are not into using digital currencies. It is just very rude to say cash is a trash when people are treating it to be a valuable one and it is just being compared to a trash that has no already decent value.

The cashless society that is aiming by some people is still having holes and flaws so definitely you can't say harsh words to it. There are many things they should have to add to the system of cashless society before they fully implement and throw away cash.

Cash is still useful and it can be used in many things especially on those people who are leaving in the province and for those who still don't have internet. Even our technology develops every year, I bet that cash will still be useful.

We're still not in the cashless society so we couldn't say that cash is trash. We still need cash because crypto isn't still acceptable in most countries. In order for us to purchase something out of our cryptocurrency, we still need to convert it into cash. Despite the developing technology which includes the existence of cryptocurrency, cash will always be useful in so many ways for us to sustain our living especially during the situation that we have right now.

How can someone say and treat cash as a trash when at the first place a trash is stated to be something that is disposable and does not have any value anymore while on the other hand cash is something that have decent value and up until now is being used by many people around the world that comes in different sizes and currencies depending on the country on which it came from.

Saying cash is a trash is more likely to be insensitive because while other people is valuing its existence, some sort of individual is just treating it as a trash that it seems like he haven't used of cash before. Even we have digital currencies nowadays, we cannot deny the fact that we have all used up having cash on our hands. It doesn't mean that because we already into the modern age is we are going to treat cash as a trash. It is not good and cruel at the same time having such mindset.

Cash is the most valuable paper that have existed most specially to people who are making use of it up until now even digital currencies are available for convenient usage so while people are still valuing cash, we cannot say that it is classified to be a trash for it do still have a value.

Read and understand the topic because you will get lost if you only read the title and comment.

In investment, sometime money is more than worthless because you can experience a large loss in an instant. The stock market and the crypto market are two risky investment instrument. When an investment does not provide profit (only loss), then your capital in the form of money is completely useless and it will be considered junk. I think this is the core of the topic being discussed.

Money is a gem. I don't think money should be called trash.
Digital currency is not yet available in all countries. Money is never trash for especially poor people. In undeveloped or developing countries, all kinds of transactions are done with the money. Maybe one-day money can be considered as trash but the chances are less but now money is worth it.

That's if you call those scraps of paper "money". Money is arbitrary so I suppose you're right: technically, it could be a gem ;)

cash is the same as trash?
it's the words of people who don't believe in the current financial system. if we observe the value of money is always changing and even tends to be often affected by inflation. however, any rubbish can still be used, therefore when Ray Diallo said "Cash is Trash" he also used "cash" for buy something. look funny? :D

If you have an investment, it has to mean that you own something. If the thing you own, has no value or even negative value, you don't have an investment you only have trash.
So IMO, by definition an investment, has to have a positive value and if it has it cannot be considered trash.

Simply put that at some point he was presented to the wrong because of the happenings at the time which was in total opposite of what Ray Diallo was saying at the time and now circumstances has changed which made it seems that he is right but hey, circumstances can still change as well.

Saying cash is trash is way to the extreme which is not right because it means every money in banks whether physically or electronically is trash or the store on the street is worthless but that is not it because the perception of people is still very much strong in cash and some would say "cash is king"

Yeah right, but I would rather think of this phrase as metaphor - we can use anything as cash as long as most of the people do agree to use it this way

I do not agree that Cash is trash, even though just a parable it is too rude to mention it like that. The reality is Cash is still being
the king and was chased by many people. Demand Cash is also among the highest compared to other payment instruments. But
everything in this world nothing is perfect, including Cash has several disadvantages. But even so Cash is still needed by everyone.

This is the fact that other people should think that cash is not trash. Even there is crypto used by many cash is still in demand indeed. True it is chased by many people and we all know there are others who don't know this technology yet. There are advantages and disadvantages to using cash but we can not deny it is still very useful nowadays so we cannot say it is worthless.

Seem like it is just a proccess, I agree with him because sooner or later the old system will be replaced. Like barter system that successfully replaced by money that being used so far. If we look to the history, barter system was replaced just because there is many disadvantage and the human got thinking that they should find another alternative to make a transactation tool which is easy to use.

And finally they found money, and yeah the utilization of money is more effective rather they use barter system. And seem like it is happened with the utilization of money paper right now. With the development of technology which can't be separated from human life the digital currency is come that I compare the digital currency is more useful rather money paper. So yeah this the matter of time before digital currency will replace the money paper.

Actually in our country there is a new design of fiat money which clearly means cash still gave value and not a trash. Govenrment will not issue a cash which is trash and has no value and not beneficial to the people.

Economically speaking it looks like it is very difficult to remove cash forever, it looks like it could be impossible to do something like that because cash itself is the reason why banks could put money into their vaults and say that they have some money but in reality they are spending way more than what they have in their vault.

However technologically speaking we are talking about a situation where the world is improving constantly and that is why I feel like there is a huge chance that people may not actually use cash forever. I don't know which one will prevail, maybe there is some sort of situation where people would actually use cash even 100 years later, maybe there will be a situation where everyone will stop using it and start using something totally different.

Cash is much better than the IOU money that banks are offering us.

Cash has its disadvantages compared to cryptocurrencies because it can be damaged and it's easier to steal but it's still better than fiat on your bank account that can be monitored and seized.

Cashless society is possible just like a world without the military and wars but possible doesn't mean it's going to happen in our lifetime.

You can say "cash is trash" and "Bitcoin is the king" 100 times, but when you go for shopping, you have to pay with fiat, you get salaries in bucks. So maybe cash is trash, but it's irreplaceable "trash" now.

I would love to become a trash hunter if that is the case :D. I am sure I will find a lot of cash in there if it is such a trash right? In all seriousness I do hope that we can all move to mobile app payments one day, I really do not think that we need either cash or card anymore, technology has moved a lot further than that nowadays and it is really weird that we can have pos terminals everywhere but the shops can't have a tablet or two for payment processing?

I mean all we need is bank app of the bank we use, they will need their own bank app on their tablet, they will show us a qr code, we will scan it and accept the payment from our app and we are done, this is valid in many places right now but we need it to go bigger and basically become the standard of payment, after that we could move to crypto companies having their own apps that allows us to pay and that's it.

It's just the opposite, cash is still King.
 
He is comparing pears to apples, i.e. cash with investments. Cash is not an investment.  The fact that an investment goes up or down does not diminish the value of the cash.

Cash gives you security. It is not incompatible to have some cash and investments, it’s rather advisable.

The market will go down at some point, and, guess who will be able to buy cheap assets?

Those who have cash.

Is that even a valid argument? If cash is trash then the speaker who said that would not use any cash in his daily life. He made himself an hypocrite by saying that. We know that Cryptocurrencies are breaking their old records because of their current values but in no way that Cash will be trash in our world.

Yep, cash is not trash because we still use cash to buy anything we want. No matter if we use credit/debit cards, as long as that is mean about fiat, that still cash. Many countries still use cash too, and many of them do not use bitcoin as the payment method. Maybe until bitcoin can be used as the payment method, and cash is replaced by bitcoin, then he can say that cash is trash because cash will not be used as a payment system.

Indeed. Cash is not trash. Even we mostly put all of our funds in bitcoin and other cryptocurrencies, it doesn't mean we don't need cash anymore to provide our necessities and to pay all of our bills because most countries still doesn't accepts cryptocurrency and only few stores accepts virtual payment like credit/debit cards.

Cash is trash used by the OP was a statement made by Ray Diallo acouple of years back, always check OP message next time before making conclusion.
With that been said, if we do some research about the inflation level of fiat currency during the total lockdown season we can say cash is trash while bitcoin is king cause it maintain a stable price.

Some store, mall, nerchant now BTC and people even received their salaries in crypto in the countries where bitcoin is legal and supported by the government.
Meanwhile, you shouldnt expect something create in the year 2019 to overthrow something that was to be used globally since the year 1971

So let's write a nice sum-up

Cash is best when you have to hide your money from the government because it is typically untraceable (it takes time and, ironically, money to make a pack of bills traceable), and it is indispensable for everyday expenses. But its margin of usability is still pretty thin. It is not as thin as that of payment cards (i.e. you can still pay in cash when you can no longer pay with a payment card) but if things go massively awry, it will quickly lose its appeal as well. And the sum-up is that you should use it wisely, with complete awareness of its strengths and weaknesses

I would be particularly cautious in drawing such conclusions

Bitcoin is king simply due to the fact that fiat fails. As I see it, one thing is to be a king on one's own terms and merits (which Bitcoin is not), and the other to be a king through the failure of something else (read, by luck). In simple terms, if governments didn't destroy fiat by insane money-printing conveniently couched as fiscal stimulus, quantitative easing, and the whole spectrum of other euphemisms, fiat would still reign supreme

Very controversial once your topic title, because of the fact Cash is king. We have to admit we all still use Cash, though what is meant
in the opening post is related to investment. It is true that cash is not a store of value whose value is falling due to inflation, so it's a bad
decision if we invest in cash. But that does not mean cash is trash.

You're absolutely right cause Bitcoin was seen has king due to fiat failure but we cant the government are not aware that their act of insane printing of fiat and not setting a strategy which will make fiat supply limited was the one reason affecting fiat values. The question is why making the same mistakes over again?

What does cash being trash has to do with stocks being bullish and price of gold going high? People are now buying stocks and gold with cash, so how is he "damn right"?
I bet you are still using cash despite calling it a trash and supporting his statement. So you are just being a little hypocrite over here.
Stop calling it a trash. We still need fiat/cash money to survive!

he said its trash because he put all of his money on his investment  and maybe he use other form of payment not related to cash  . stocks are falling once again , so whos laughing now ?  lol . he can laugh if he already sold his stock before the crash happen  but he wont sell for cash because he said its trash , maybe he will only trade it with other assets like crypto or gold .  i find that situation hard , not all times we can trade with other assets for something  , ill always find the need for cash

I just don’t understand some people lol, you say Cash is trash but you’re still making use of it. When you invest your money in an asset, at last the profit you make will still go back to cash. We should understand that cash is meant to be different, it’s like the price for everything and everything is calculated in real currencies. Cash is not trash, it has its own ways of being useful.

When the market is crashing you will have to withdraw to cash to save your ass, and at that point in time cash becomes very important. You can then buy back when things starts getting better.

Well there is no other way but to use cash. If there is away to avoid it then many would have trash cash already because it can have covid virus that can infect anyone who holds it. Other countries like Korea and China that already adopted cashless transactions even to their malls and super markets, cash is not accepted. All the vendors do is provide QR code for all products.

Cash usage all around the globe haven't got decreased out of the existence of cryptocurrencies. People have begun to use cryptocurrencies, but haven't completely moved to it. When such a scenario happens we can state cash is trash, until then everywhere cash have its value and usage.

Just because one has invested his cash on stocks or something else and ended with loss, he can't state it as trash. This is unfair, because with the same cash there are people who keep making money and doesn't have any idea about bitcoin or other cryptocurrencies.

 Cash is more older than trash, cash is very easy to use in terms of investment .

I really don’t understand some people :(. Someone saying that cash is trash, that makes them look really dumb to be sincere, because I don’t get why people will not understand that there is a purpose for everything. Cash is totally different from assets and stocks, these things are completely different from each other and having them is what makes each of them to have value.

There are times cash is of more importance and there are also times that assets can be better. When the stock market is crashing people would run to fiat to save them, and same thing when it’s the other way round. So, they all have their own purpose. And moreover, when you buy asset and the price goes up it’s all to make more cash right? So, I don’t get why people would say cash is trash.

Cash is basically not a trash because people nowadays are still into earning hard earned cash for their own survival. We are still working 8 hours in a day in order to receive our salary in the form of cash. While we are heading into a cashless society but i believe most of the countries are not yet ready for a big change in the system.

Well, we can't do anything but to use it, the adoption of crypto currencies is still not that huge the reason why we still use cash. But given the situation that they can actually use bitcoin or other cryptos to live, I think they would've proved themselves but right now we have no choice, either they use the trash or they don't use it, at the end of the day all of their cryptos will end up in cash.

You can probably say that if you are an investor and you invested heavily in different investments.
If you will say this to an Average Joe who doesn't know anything about investments then he will be angry or at least will feel negatively when you say that cash is trash.

I disagree with this because many people are still using cash right now. You can say it because governments around the world are slowly printing cash and the value of it is slowly withering but we can't do anything about it because all of us are accepting cash especially when we buy some things right??

Well, we can't do anything but to use it, the adoption of crypto currencies is still not that huge the reason why we still use cash. But given the situation that they can actually use bitcoin or other cryptos to live, I think they would've proved themselves but right now we have no choice, either they use the trash or they don't use it, at the end of the day all of their cryptos will end up in cash.
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Yes, more likely we don't have any other choice. Since cash is the primary mode of payment, that's why cash can't be considered as trash. Right now, cryptocurrency is not yet adopted/accepted in most countries, but the moment that it will be accepted everywhere, I think cash will be out of use anymore.

For me, Cash is not a trash. From time to time, we definitely used cash especially when buying our daily needs in the market, like foods and etc. Its importance is beyond compare because no matter how digital the world now, people are always seeking cash. And we can't deny that traditional ways of securing funds always involves cash, and we always turn to cash no matter what.

cash will never become trash until it was totally abolished (things that very impossible to happen)
yeah we are cryptocurrency supporter but it doesn't mean Cash will not be respected.admit it or not we are all still using Fiat so we have no rights to claim it is being trash.
Not until we see the world is using crypto then maybe that will be the start of trashing the cash.

I think even if bitcoin and other crypto currencies are accepted everywhere in the world, I don't think that cash won't be use by people. There are still those that won't use crypto currencies, they hated it. That is why bitcoin and maybe some cryptos will just be used as an alternative way to pay, stores would accept them and it might be a way for people to get their salaries. We don't know what the future holds.

cash can never be a trash as it is the one that we shall still eventually come back to. What is the percentage of trades that can be conducted with digital currencies?

The problem is that national central banks have overprinted money to get through the economic crisis. If the economic scale is not developed, the amount of cash they print is no different from paper. They will find a way for the money they print to become valuable. It depends on each time to say that cash is a mess. During the recession, people with cash were the ones who had the opportunity to own property at cheaper prices. I never meant to look down on fiat money but I think real estate, blue-chips, gold, and bitcoin are worth better because at least they don't get as much printed as FIAT money.

In order to use cryptocurrency for its intended purpose, you need a truly debugged system, as well as infrastructure. In addition, I am sure that more than 50% of the world's population is not ready to completely abandon cash, since for a user of a cryptocurrency it is important not only to have the cryptocurrency itself, but also to know how to use it and how to keep it safe. at least for the elderly and children it will be extremely difficult.

For a person who want to make money, holding cash is the worst option. Everyone should have a bit cash to overcome any unforeseen damage to property and health but holding anything about that means depreciating your earning. Cash due to inflation depreciates in value so does house, planes, cars and yacht. There are some options that may increase in value compare to cash, crypto, land, gold, valuable metals, rare commodities, piece of art can maintain a better value than cash.

Printing money does not always have an impact on currency depreciation or inflation. If the money print is aimed at an economic stimulus or social safety net then inflation will occur. Important money must be followed by an increase in production so as not to be rolled by the waves of inflation.

During a pandemic like this, the production sector stops not because there is no capital but because the market is disappearing or shrinking, except for the food industry which continues to exist. We take the example of Japan, Japan is also printing money to support its projects. Japanese debt is also very high, but Japan can't get inflation, because its people really like to save and don't spend their money.

If you say that cash is rubbish, I want more such rubbish. Anyone can express themselves in such a way. However, the cash of states has never been and never will be rubbish. The exceptions are states that have declared themselves bankrupt, that is, declared a default. However, this is not common. Until now, the economies of all states have successfully used national cash and non-cash money, which reflect the value of all goods in this state. Now we are switching more to the use of non-cash and digital forms of money, but this does not mean that the money of states will ever disappear. As long as there will be various states on our planet that will defend their economic and political development, as long as there will be national money of states, in cash or in cash, it does not matter anymore.

actually money will continue to be considered valuable if people think it is, because from the beginning money is just plain paper that is given a value and people consider it valuable so money has value, but in terms of supply of course in the long run money will decline in value because someone can print it unlimited different from land, gold, diamonds, or other items that have limited supply.

I believe that since it has an impact on society for a few decades, cash still has some financial weight on it. But as cryptocurrencies and other financial alternatives come to surface, cash will become less impactful over time.

Yeah OP just mention about the hedge funds being tanked under water. Probably that guy who done it were very lucky to save and positive in thinking about bullish like gold, cryptocurrency or even money itself if one is doing a stock market exchange. But, I do not know if physical money is vissible when you do stock market trading or I guess it is just figures and currency appears to it.

Me too, I was having hard time on searching US stockmarket. Or maybe he OP was referring to stock market all.over the world and not just the US market.

I disagree, apart from some correct predictions it doesn't mean "cash is trash" is correct. In fact cash still has value and is proportional to the concept of the trash itself, you have a correct prediction, this makes it seem as if you are the luckiest person. Everyone has something to express so for me they and @OP have the right to make an expression as long as it doesn't drop other people

Users always have such high expectations and they say that Crypto will replace cash very soon, the financial system doesn't work that way, even if the government would have to shift to Crypto or digital payments then they will first check the pros and cons and also the use cases of Crypto and then they will try and test these methods for a long period of time and then if there isn't any problem in that method then only they will replace cash with it. Right now we only know that Crypto is better in sending payments faster to anyone around the world but at the same time it is also volatile and we can't send payments without any internet connection and a phone, still lots of improvements have to be made in order for it to be used widely.

still printing money will have a negative impact that is bigger than the positive, you compare Japan with poor and developing countries, while the exchange rate of poor and developing countries will always fall to USD, if it continues to print even though production continues, I think the currency value the state money will still go down.
maybe in a few years 1usd will be worth over 20000 idr.

Cash can only be a trash if it will lose its value, unless you are living in a countries like Venezuela, Zimbabwe, Sudan etc. which literally their currencies are almost useless. Cash system is an instrument abused so much by the government’s and sometimes the abuse could lead the ones country to a very shitty situation.