Economic problem, why is fiat difficult to hold.

[knowngunman]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

LOL! You can never stop spending, just pray and work hard so you won't stop earning. By the way, money are meant to be spent 
It's now depend on what you're spending money on. If you're spending money on unnecessary things, then you should be worried and it's better you put a stop to it.

Doing away with cash or ATM will not stop you from spending money as long as you have it, it can only limit your spending to some extent. The funny thing about this is that whether you are earning or not, you must spend. The society has nothing to do with your expenses, your individual self is responsible for your financial management. Keep earning and keep spending.

[darewaller]

Why is money at hand difficult to hold?

Because it's a centralized currency and can be affected by the means of inflation, it's not profitable to hold because it depreciate in value, there's no privacy with the use of fiat, many believed it's a liability to hodl since it will decrease in value over time, there's no form of holding a fiat currency that can be compared with bitcoin in cryptocurrency not to talk of the trust in which is not found with using fiats from the commercial institutions, banks and government regulations.

I think that's not what he is trying to portray. Money is hard to find but not difficult to hold in our hands. Money is easy to spend and I don't think it's because people think of the inflation. It's just that it's in their nature already to own a certain thing from time to time. Money is not profitable because it's stable but if we save it, it's possible to grow it. We can also use our money to build a business or to buy an asset.

These are the ones that can provide us a profit after. There is no privacy in fiat but it's not a big deal to the fiat users. You will be surprised if how many people trust fiat and the institutions related to it but their view will change once they know more about Bitcoin.

[Inwestour]

Of course, regardless of anyone's financial situation the cost of living has affected everyone or will affect them in the coming period. Although some people cause unnecessary consumption and waste by spending without paying much attention to today's price increases, the fact that many people do not spend in this way is entirely due to abnormal increases in the cost of living. And yes, if inflation cannot be dealt with and if the inflation rate continues to increase for a while, causing the prices of basic consumption products to increase unfortunately this situation will negatively affect many individuals and the country's economy. In this process, it will be useful to determine a roadmap that will be suitable for all conditions and to pay attention to our expenditures.

Inflation drives up prices, but it only seems too difficult at the initial stages, because after some time, the economy evens out the disparity in price growth and income growth, since employers will be obliged to raise wages for workers according to the level of indexation from inflation.

The growth of inflation is provoked by human greed, so we constantly see rising prices. Everyone wants to earn more. Perhaps in this case, not very reasonable decisions of the government contributed to the growth of inflation, but this does not change the essence.

[Velemir Sava]

so there are indeed some conditions that make it difficult for someone to hold a fiat in their hands. Apart from the temptation to shop, sometimes unexpected needs are also another cause.

Yes. Especially the needs of women, myriad. yes. You are right, if you are not good at managing finances and by making a priority scale, I think it will end with additional loans (debt) and will always be repeated. open again, close again and it will continue like that.

[ammo121810]

Fiat currency, which is paper money that is not backed by a physical commodity like gold, can be difficult to hold due to several economic factors. The first is inflation, which erodes the purchasing power of fiat currency over time. As more money is printed and circulated, the value of each individual unit decreases making it less valuable to hold onto. Another factor is the interest rates. When interest rates are low, it can be more attractive to invest money in other assets that offer higher returns, such as stocks or real estate. This can lead to a decrease in demand for fiat currency as people seek out alternative investments. Fiat currency can be a convenient means of exchange for day to day transactions, it can be difficult to hold onto as a long term store of value due to these economic factors.

[robattfield]

Make a detailed financial plan and stick to it. Define specific financial priorities and goals. Limit unnecessary purchases and create a specific budget for daily spending. Learn how to manage money by reading books or taking a course on personal finance. Re-evaluate your spending habits and find ways to change them. Avoiding carrying cash, using ATM cards, or activating online banking services can help you control your spending more easily. However, it is important to find the specific cause and take appropriate measures to fix the problem.

Modern society often creates pressures and expectations about spending. Maybe you feel the need to keep up or spend money to show social status. This is an element that can make money difficult to hold. Some people do not have a clear financial plan, do not track and manage their daily expenses, leaves money easily wasted and not used efficiently. It may be due to unnecessary shopping habits, spending money on entertainment or eating. This leads to the money not being used for a purpose.

[bestcoins1]

Yes. Especially the needs of women, myriad. yes. You are right, if you are not good at managing finances and by making a priority scale, I think it will end with additional loans (debt) and will always be repeated. open again, close again and it will continue like that.

Debt will only occur when a person experiences a shortage in his life, while he has to fulfill all his life needs which cannot be avoided at all. So there is no reason not to make financial arrangements in life if someone wants to avoid debt or difficulties, because those who live without being in debt are extraordinary people and people who always consider comfort in their lives. Because with debt, everyone will not be able to feel comfortable in their life at any time.

[radjie]

The many needs are the main factor why we cannot keep fiat permanently and intact.  Sometimes we have planned to set aside the money we have and even have a fixed nominal to save every month, but while we still hold cash, it is not stored or used as valuable items, it is likely that little by little it will be used because there is always an unexpected need

[Dr.Bitcoin_Strange]

I agree, I find it hard to resist spending if I have money at hand — even tho my belly may be full, I still eat some fast food, or buy t-shirts, go to mall. When I was younger, I was better against these habits that have come upon me.

Also, I find it hard to keep track of cash purchases so have started to use online payments.

Quite a lot of people are not disciplined to the extent of holding tight to the money they have at hand, because you will definitely have needs coming that you cannot resist. Just like you said about wanting to eat at the restaurant, yea, I can be passing an eatery and just see some good-looking donuts or meat pie, and I will develop an appetite for it, and unless I buy it and eat it, my mind will always go there, and sometimes the desire to eat those snacks might even come when i have eaten something else already. Also, you could just see a nice cloth, and because you have money on you, you will feel so tempted to spend it. Quite a lot of people don't have the discipline to hold money; they will just spend it in an unplanned manner.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[panganib999]

It's difficult to hodl fiat if you're the type of person that loves impulsive buying, shopping online, always eating outside, buying branded clothes and shoes, etc. In order to spend your money on the right things, you have to be matured enough to endure your thoughts on buying the things you want, instead focus on the things you need. Keep track on your expenses, budget your fiat, only buy things you wanted if you really have extra cash for it and don't do it always.

I think the era of telling people to live below their means is over because even their means are dizzying enough that it could barely afford you anything, that’s unless you’re willing to live inside a cardboard box on the street with a rusty cup in one hand groveling to people for money and for food. Have you gone outside and checked the prices of common daily items like food? You’d be surprised!

At this point it’s not enough to just tell people to live below their capabilities in order to survive, if that would be the case everyone in here’s gonna be filled with gall stones from all the ramen noodles we’ll be eating. Change in the way the government handles and processes money is more important than anything since they are the very reason money is losing value anyway!

[STT]

Always play things on the backfoot for best security.  Its not the policy of most but the best idea for long term financial aptitude, you play the game using the 8/10's rule.     That rule and Im sorry for lacking a source exactly but the idea is simple enough; the difference in walking besides a cliff and walking on the edge of pavement is different in that you can never cross that line by the cliff or its a large distance fall.   In this way we allocate our most important decisions with a 8/10's rule, never use all you have never aim or allow this to occur.    If you pass close to 10/10 of your money you have failed to be secure even if you clear all the bills that month, play safer.
  It is discipline but also common sense to some extent.   Expect the unexpected, large bills and poor health or any event can push your finances badly it will happen so never go near to the edge in life changing event decisions.

[yohananaomi]

The many needs are the main factor why we cannot keep fiat permanently and intact.  Sometimes we have planned to set aside the money we have and even have a fixed nominal to save every month, but while we still hold cash, it is not stored or used as valuable items, it is likely that little by little it will be used because there is always an unexpected need

it's hard to avoid a sudden need and at the same time really hold a fiat, so it can be accidentally used but it really needs to be finally used. I agree with you, if you have cash or savings in a bank that can be withdrawn at any time, you can be sure that later it will be easily available and will accidentally become a necessity to be used, even though maybe the previous intention was not for that. holding fiat is very difficult to be able to avoid not being used later, apart from changing its form in any investment. but if it is changed in the form of an investment that can hold up because it is not easy to sell quickly, it is certain that it will not be used

[TheUltraElite]

The many needs are the main factor why we cannot keep fiat permanently and intact.  Sometimes we have planned to set aside the money we have and even have a fixed nominal to save every month, but while we still hold cash, it is not stored or used as valuable items, it is likely that little by little it will be used because there is always an unexpected need

The average spending per month is usually fixed for salaried personnel. This needs budgeting and you can perform this in a few years of obsering. Some extra spending can always happen but most of the time you can manage. Fiat is needed at hand because of daily necessities and use unless of course you live in a country where Bitcoin is very easy to transact with.

Valuable items like gold and silver or real estate are long term assets which I always encourage. Bitcoin stash can also be stored for long term. You have to diligently spend your monthly salary in order to be able to buy these assets.

[Paul Pogba]

Fiat is a serious economic problem, it can be said that the source of economic problems comes from fiat because countries are free to print fiat, in contrast to countries that print fiat based on gold or silver guarantees so that the trust of fiat holders never decreases.

[MarjorieZimmermanGinger]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution?

Because human nature is never satisfied with what he has, then when he sees something he wants and has money in his hand will try to influence him to buy. When life is not well-conceived and money is not placed on productive things then money will continue to be used, moreover human nature is never satisfied and often spends money not at the stage of urgent needs, but to fulfill a lifestyle. Patterns and thoughts of life like this are very difficult to collect money/savings, so special thought is needed on how the money we have can be placed more productively.

If this condition occurs to you I have a few insights that you might be able to use, way every time you have money is to buy bitcoin or gold as a step to avoid wasting money on unnecessary purchases. When you choose to buy gold, the concept can be stored through your wife or anyone you trust and if you intend to buy bitcoin keep it in a secure wallet and never sell it before it reaches ATH.

I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

The point is to what extent are you able to make money every day or month, expenses will be in accordance with income because when we have no income, regular expenses as daily necessities will stop and be unstable. Bad habits regarding unproductive spending due to the absence of a clear financial concept and not the right steps to control financial resources for the future.

[Peanutswar]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

It's all about the person who handles the money, there are some people who came from zero and make an earning with their money through their hard work and makes those to earn more until they reach financial freedom, somehow the opposite of it is the person becomes a one day millionaire that they have now a huge amount of money because of being irresponsible they spend immediately and after a couple of months they are now broke again. The other person who really knows how to handle money is even from nothing they manage to grow their money and continuously happening. At the end, it depends on the person's opportunity some people have their money but they cant make an investment due to survival needs recently we are experiencing inflation that makes the price of their money getting down. Seek for the future or suffer for your satisfaction right now.

[leonair]

Fiat is a serious economic problem, it can be said that the source of economic problems comes from fiat because countries are free to print fiat, in contrast to countries that print fiat based on gold or silver guarantees so that the trust of fiat holders never decreases.

If you hold fiat money, its value will decrease as time goes by relative to the market. the value of fiat money against the dollar has been depreciating every year. Holding Bitcoin is much riskier than fiat money because its inflation rate is much higher.  But its profit rate is also very high because Bitcoin is a high potential coin that can multiply profits very quickly and can also cause losses. So the more you want to gain, the more you have to have the ability to take loss responsibility

[Inwestour]

If you hold fiat money, its value will decrease as time goes by relative to the market. the value of fiat money against the dollar has been depreciating every year. Holding Bitcoin is much riskier than fiat money because its inflation rate is much higher.  But its profit rate is also very high because Bitcoin is a high potential coin that can multiply profits very quickly and can also cause losses. So the more you want to gain, the more you have to have the ability to take loss responsibility

If you are talking about fiat as national currencies in relation to the dollar, then yes, inflation will be even higher, but now we see that the US dollar is also subject to inflation and although it seems to be a more reliable way to store savings, it is also subject to inflation .

And bitcoin has already proven to be very good at maintaining purchasing power on a long-term basis, making it a very valuable asset to both save and invest.

Right now bitcoin is very volatile, but I'm pretty sure that over time, as it gets more expensive, it will become less and less volatile, but it will also be just as good for preserving the value of our funds to keep them from inflation.

[slapper]

The many needs are the main factor why we cannot keep fiat permanently and intact.  Sometimes we have planned to set aside the money we have and even have a fixed nominal to save every month, but while we still hold cash, it is not stored or used as valuable items, it is likely that little by little it will be used because there is always an unexpected need

The average spending per month is usually fixed for salaried personnel. This needs budgeting and you can perform this in a few years of obsering. Some extra spending can always happen but most of the time you can manage. Fiat is needed at hand because of daily necessities and use unless of course you live in a country where Bitcoin is very easy to transact with.

Valuable items like gold and silver or real estate are long term assets which I always encourage. Bitcoin stash can also be stored for long term. You have to diligently spend your monthly salary in order to be able to buy these assets.

Spend what you have to and put away as much as you can is sound advice from the past that can help us all out now. However, I would want to present an alternative viewpoint: "profit more." Inflation is a sly robber that nobody hears coming. Fiat currencies depreciate over time, necessitating the pursuit of alternative means of enrichment.

Bitcoin, it seems, is the modern equivalent of the Gold Rush. Bitcoin's allure as a decentralised, finite money offers the possibility of significant long-term gains. While it does call for a certain level of technical knowledge and a willingness to take on some risk, the thrill of having a stake in the future is well worth the effort.

[Wimex]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Why is money at hand difficult to hold?

Sometimes the problem is not people who spend their money on unnecessary things it is simply that what they earn is not enough, so saving or trying to invest in something worthwhile becomes difficult due to the increase in prices of certain products that are essential and  not last. A person who lives in a country whose economy is unstable and also has a large family,  has the responsibility of maintaining the well-being of their children so in this case consumption would increase which it implies that it does not yield what is necessary, now imagine that they get sick having to cover the medicines, plus the consultations...how could someone save if inflation takes them to the ground???

Life is no longer as easy as before, now most work to survive, that's why I believe that people who have that small capacity to change this scenario that many live by just having for the day, should take advantage of this opportunity and start to manage their money responsibly so they can change their future.