Cash Is Trash

[glowing10]

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.

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.

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[DoubleEdgeEX]

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

[n0ne]

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.

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.

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.

[carlisle1]

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.

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.

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

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.

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.

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

[arallmuus]

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

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

[Naida_BR]

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 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?

[Mauser]

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.

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. 

[MCobian]

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.

[whyrqa]

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.

[The cure]

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.

[DoubleEdgeEX]

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

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

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.

[Decred Arabia]

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 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?

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

[abhiseshakana]

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.

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.

[el kaka22]

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.

[shield132]

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.

[Alert31]

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.

[Savemore]

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.

[Twinkledoe]

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.

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.

[Yatsan]

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.

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.

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.

[danherbias07]

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. 

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.