Cash is king

[AuroraHF]

Are you hoarding physical cash, or in bank/other means?

If so I'm curious about your risk tolerance for bank failures. Here, at least they're not government backed and you can lose the money.

[1715288399]

1715288399

[1715288399]

1715288399

[Cryptotina]

Yeah that's my fear, the fact that there's a huge chance of extreme money cut. Then what will people do? It's really wise and advisable to save up lots of money while there's still time, and avoid unnecessary expenditure ☺️

[Jet Cash]

I think you need to keep a certain amount of fiat cash to tide you over when the bank computer "failures" happen.For the mid-term you need tradable currencies that are not based on banks and the fiat systems. Bitcoin is one of course. English gold Sovereigns and Britannias are another option. Many countries have their own gold coins with a variety of values, and you should choose the coin of your country, as long as you can trust the mint.

[timmydakolo2]

I don’t know what you are going to do guys, but I’ve been piling up cash for a while and I’m going to be more aggressive doing so for the next months at least.

There are many indicators pointing to a financial crisis coming in the next months or maybe in a couple of years at most.

What we have seen in the crypto market isn’t isolated. The main stock markets are down; oil price is down… It seems like the big whales are selling to have liquidity and buy when everything is really cheap.

We can expect job losses, tax raises, cutbacks, so on.

Bitcoin is far away from being a p2p cash system and until then, cash is still king.

I agreed with you pal definitely cash is king and the more one gets to buy in the knowledge to stack in with it on the side of proper investment the better, the bear market is a very important side that got my attention that the more the bear the more whales are buying in recently saw some headlines which really is telling the truth.

[dirgayeah]

cash is still king.

very agree with this statement. and this never changed. but in my mind cash are "Gold and Silver". because their value are still same. not influenced with the inflation or another bad situation.

[Mr Airdrops]

Obsolutely right to say cash is king because we trust bitcoin because it worth cash and not reversed.

[Willitivity]

As it stands now, cash is and will always remain king. I haven't seen innovation that can topple it. They can only play alongside cash but never take over from cash. Stacking cash csn be a pretty good idea, but rather stacking it up, how about investing it into something else and make more money out of it. And what system are you employing for the stacking?