It's Simple to understood now cash is king again

[yhiaali3]

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.

[reagansimms]

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.

[adaseb]

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.

[pantek talacuik]

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.

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.

[LoyceV]

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.

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:

(image source)

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

[BRINIRHA]

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.

[kryptqnick]

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.

[posi]

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.

[maikrothaman]

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.

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.

[Hispo]

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.

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?

[Chrlie95]

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.

[Anonylz]

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.

[serjent05]

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.

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.

[S A KHAIR]

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.

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:


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

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.

[Republikcoin.com]

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.

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.

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.

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.

[Sayakaaja]

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.

[Leviathan.007]

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.

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.

[RolonNigel]

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...

[South Park]

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

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

[pantek talacuik]

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

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


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

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