People who hold money will be poor soon

[Mansory22022]

Inflation will go higher even If central banks try to hike rates people who hold money Will lose wealth.
To see wich currencies are worse to hold check liquitity and cryptocurrency swap options some fiat currencies are so bad that some cryptocurrency exchangers who operate on global scale don't want to deal with them.
Worse currency to hold from the biggest fiat currencies are GBP UK pounds binance don't deal with UK bybit don't deal neither and Banks block If you deal directly with crypto.
Europe the euro is good actually so a lot liquitity options for euro and crypto same with dollar USD.
2 Fiat currencies who can do little better then others , also NOK currency is worse !
Rubles are good not so bad CAD and AUD worse but yes many people will realise their money lose purache power!

Money and currency is bonds and bonds are issued collateral of people who take debts.
When times good bonds ok but it's been long time and many things need more innovation the old way don't keep bond market on still new financial and economic ways can Do again restart.

[Japinat]

People don’t really "hold" money, they save it. A lot of us do that without realizing that inflation is slowly eroding its value over time. However, not everyone is willing to take risks. If the inflation rate isn’t too high, most people would rather just save their money and keep working. That’s usually the mindset of those with a regular job, they work and save.

On the other hand, people in business are more open to taking risks. They understand the effects of inflation and know the answer is to invest their money. And, of course, crypto is a great option for that kind of investment.

we can see the inflation rate in 2024 of these countries. ( if we are in a country with high inflation rate, "invest" is the only solution).

https://tradingeconomics.com/country-list/inflation-rate-

[Oshosondy]

Governments have make people not to know what money is. Before fiat were money. And after fiat, money will still be existing as long as people are existing.

You are not referring to money but fiat that is created by government which is a scam unless you know what it is.

Bitcoin, gold and other valuable assets that their value increase over a long period of time are also money but they are worth holding because they are hedge against the government inflation and they are store of value.

[Davidvictorson]

Inflation will go higher even If central banks try to hike rates people who hold money Will lose wealth.

My country is in the worst inflation of its history and I can agree that the biggest losers currently are those whose monies are sitting in the bank. You know that there is a difference between when your money is sitting in the bank and when it is being used for business and investment purposes to make profit. Therefore, although I agree with the topic title, I like to say that there is a difference and that difference is what I just explained. But saying that they will be poor soon is kind of like and exaggeration. It takes a lot for someone to be considered poor. What we may say is that they will go from either being upper class to to middle class.

[bestcandy]

Inflation will go higher even If central banks try to hike rates people who hold money Will lose wealth.
To see wich currencies are worse to hold check liquitity and cryptocurrency swap options some fiat currencies are so bad that some cryptocurrency exchangers who operate on global scale don't want to deal with them.
Worse currency to hold from the biggest fiat currencies are GBP UK pounds binance don't deal with UK bybit don't deal neither and Banks block If you deal directly with crypto.
Europe the euro is good actually so a lot liquitity options for euro and crypto same with dollar USD.
2 Fiat currencies who can do little better then others , also NOK currency is worse !
Rubles are good not so bad CAD and AUD worse but yes many people will realise their money lose purache power!

Money and currency is bonds and bonds are issued collateral of people who take debts.
When times good bonds ok but it's been long time and many things need more innovation the old way don't keep bond market on still new financial and economic ways can Do again restart.

Inflation can reduce someone that think that he is rich because of the money he saved in the back because as time goes on the value of the money will depreciate as a result of inflation. This is the reason why investing in Bitcoin is the only key factor that can facilitate a bet sustainable income and a better financial future .
Any money saved in the bank is subject to inflation but if the money is use to invest in Bitcoin when those that save their money in the bank will be crying for inflation the person that invest in Bitcoin will be smiling because of the volume of Bitcoin he has accumulated and the profit he has made through Bitcoin.

[Mansory22022]

Inflation will go higher even If central banks try to hike rates people who hold money Will lose wealth.

My country is in the worst inflation of its history and I can agree that the biggest losers currently are those whose monies are sitting in the bank. You know that there is a difference between when your money is sitting in the bank and when it is being used for business and investment purposes to make profit. Therefore, although I agree with the topic title, I like to say that there is a difference and that difference is what I just explained. But saying that they will be poor soon is kind of like and exaggeration. It takes a lot for someone to be considered poor. What we may say is that they will go from either being upper class to to middle class.

Specially now after the brexit and keir steimer ai plans UK is interested to attract people to invest so to buy pounds and same time start up loans and equity loans so UK need to increase their money supply Sooner or later money printer to go brrrr brr yes the prices goes higher and inflation but it's good for business enterprises.
UK will make Loans as much needed to make cash flow.
So get ready for lower pound GBP that will bring off course more tourists into UK.
In otherwords falling pound and loans and inflation good for tourists real estate market and for business, but bad for average person, since more inflation means also more taxes because you have to remove inflation with help of higher taxes!
So get ready for lower GBP but super bullish for UK and London If this scenario plays out.

Governments have make people not to know what money is. Before fiat were money. And after fiat, money will still be existing as long as people are existing.

You are not referring to money but fiat that is created by government which is a scam unless you know what it is.

Bitcoin, gold and other valuable assets that their value increase over a long period of time are also money but they are worth holding because they are hedge against the government inflation and they are store of value.

World is all about liquitity how easy tax free and kind of privately you can swap your assets or money with good rates.
Right now cryptocurrency is middleway of everything untfortunately GBP have limited liquitity options.....for average crypto people Europe EURO is good.

People don’t really "hold" money, they save it. A lot of us do that without realizing that inflation is slowly eroding its value over time. However, not everyone is willing to take risks. If the inflation rate isn’t too high, most people would rather just save their money and keep working. That’s usually the mindset of those with a regular job, they work and save.

On the other hand, people in business are more open to taking risks. They understand the effects of inflation and know the answer is to invest their money. And, of course, crypto is a great option for that kind of investment.

we can see the inflation rate in 2024 of these countries. ( if we are in a country with high inflation rate, "invest" is the only solution).

https://tradingeconomics.com/country-list/inflation-rate-

when you hold money you hold debt and bonds the Fiat currency you hold the economy of those Nations wich using this currency need to be balanced If not balanced then Fiat lose value.
Inflation will make money like nothing.....people belive into money value that's why it's easy to trick then

[avikz]

Inflation will go higher even If central banks try to hike rates people who hold money Will lose wealth.

I wouldn't disagree to this statement. Fiat currency system is inflationary and it will loose value over a period of time. So if we are just holding fiat currency without investing them, we are bound to loose wealth. But if we invest that money wisely, then there's a good chance that we will build wealth over a period of time.

Investing entirely in cryptocurrency can be counter productive. So that's why we need to choose multiple investment options like Gold, Silver, real estate, bonds, bank deposits, equity etc. You need to understand that cryptocurrency is not a solution here. There's no way to eradicate the current fiat based financial systems so we will have to find out ways to make the most out of it.

[Fiatless]

Inflation will go higher even If central banks try to hike rates people who hold money Will lose wealth.
To see wich currencies are worse to hold check liquitity and cryptocurrency swap options some fiat currencies are so bad that some cryptocurrency exchangers who operate on global scale don't want to deal with them.
Worse currency to hold from the biggest fiat currencies are GBP UK pounds binance don't deal with UK bybit don't deal neither and Banks block If you deal directly with crypto.
Europe the euro is good actually so a lot liquitity options for euro and crypto same with dollar USD.
2 Fiat currencies who can do little better then others , also NOK currency is worse !
Rubles are good not so bad CAD and AUD worse but yes many people will realise their money lose purache power!

Money and currency is bonds and bonds are issued collateral of people who take debts.
When times good bonds ok but it's been long time and many things need more innovation the old way don't keep bond market on still new financial and economic ways can Do again restart.

All fiat currency loses value. But for people who live in countries which experience high inflation, it would have been better if they convert their savings to US dollars, British pounds or EURO. My country's currency lost so much value that people began to use other currencies. To be safe from all these inflation dramas, just convert your savings to Bitcoin. Instead of keeping money in the bank in a savings account or fixed deposits, just keep it in Bitcoin because it serves as a hedge against inflation.

[batang_bitcoin]

...and economic ways can Do again restart.

Nope, the world can no longer afford to have a restart again. We've got the restart already during the pandemic and do you think just for the inflation to become lesser there's a need to reset? No, it doesn't go like that and many will continue to suffer with another reset. What needs to be done is to make things cheaper so that the inflation will be slower. Yes, only slower because it cannot be gone and for those that people that saves a lot of money, it's totally fine if they're believing that cash is king.

[slapper]

People are scared of inflation because it hits them at home, it eats into their savings, it robs them of security. Although the central banks continue raising rates, the underlying issue is whether the system is too complex and too large to be corrected with conventional approaches. Most currencies lie on unstable ground. People feel this flutter in their pockets. Everyone wants a safe haven (crypto, goods, stronger fiat like the euro or USD) but anxiety about government clampdowns and access problems still exists

Those with cash run the danger of seeing their fortune fade more quickly than they can adjust. Still, it goes beyond numbers here. It concerns our sensation of control. You feel deprived when your money buys less annually. People doubt their future, ponder whether they should move, or search for better investments. This emotional impact is enormous. Bonds bind everything together, but they rely on confidence in national debt; if innovation stutters, that confidence may break. We will simply see more wealth loss and more responsibility shifting if we do not rethink financial structures

[STT]

This can be simplified right down to supply and demand.  Why would anyone be poorer holding cash unless the supply of cash in future is far beyond an equal demand.   If we look at the debt profile of many countries they will not be paying off the debt in future but renewing it along with a further amount to pay the interest demands on that debt.  Basic cash notes not tied to any value will continually rise in issuance.

So to be wealthy requires holding something increasingly in greater demand then supply and it can not be money in this case while money is freely creatable and of no fixed value on demand.    Even a farmer with a good crop can be poorer if every farm produces too much of a crop not in sufficient demand, no negative is true on the part of the worker but the market fails in this case.  I think this ancient case applies to modern money and debt, its not a productive system and politics is served over economic benefit.

[EL MOHA]

I wouldn't disagree to this statement. Fiat currency system is inflationary and it will loose value over a period of time. So if we are just holding fiat currency without investing them, we are bound to loose wealth. But if we invest that money wisely, then there's a good chance that we will build wealth over a period of time.

Investing entirely in cryptocurrency can be counter productive. So that's why we need to choose multiple investment options like Gold, Silver, real estate, bonds, bank deposits, equity etc. You need to understand that cryptocurrency is not a solution here. There's no way to eradicate the current fiat based financial systems so we will have to find out ways to make the most out of it.

Seriously there is no better way to hedge against inflation other than to invest in asset that actually has a very good ROI and a measurable risk, but even of recent the economy isn’t even favoring little businesses, from the capital to start getting out of hand for even mid class people to government tax policies and that’s why many are even scared of going into physical business.

People result into bitcoin holding which has been one of the best ROI assets over the past few years and without hassle when making purchases. Assets like precious stones you mentioned above are definitely good diversification options as the volatility of bitcoin is definitely not too good to have everything on it but even this stones aren’t aren’t easily accessible like that reason why most do not go into them

[Lida93]

There is no country's economy right now that is not being hit by inflation, difference is that some are better managers of their own situation while others could hardly find a way to contain it and therefore they continue struggling badly that it leads to their currency heavily and rapidly losing value becoming a loss for those who hold or saving the currency in bank.

This is an era where we have to pull out out money from the banks and hedge it on some assets of appreciating value like gold or bitcoin because these seem to be the surest way forward to retain and grow your money against losing value with time. The banks, the governments and othe stakeholder are doing this but they won't tell you.

[red4slash]

Most of the people who understand actually they don't really save them but try to do something else such as by trying a business or investment regardless of what they choose to invest in because after all for now many of us still have our own understanding in this matter such as most invest in gold, stocks, bonds, property and even crypto.

But all of them don't really save their money especially for some rich people and those who understand how the economy works they won't be too naive by saving money.
We know the current economic conditions are bad so in the end when our thoughts are only fixated with money and trying to accumulate it without doing anything else then it could be that the value of money will be eroded which in the end no matter how much money we have when the value is eroded then in the end it may not be enough.

[rodskee]

People don’t really "hold" money, they save it. A lot of us do that without realizing that inflation is slowly eroding its value over time. However, not everyone is willing to take risks. If the inflation rate isn’t too high, most people would rather just save their money and keep working. That’s usually the mindset of those with a regular job, they work and save.

inflation usually makes the value of our money go overtime but unless it is so bad it does not happen immediately which is why it is considered safer to investing the money because if they do it wrong then they might just lose everything a lot quicker than they would have if they just saved the money and didnt do anything to it

On the other hand, people in business are more open to taking risks. They understand the effects of inflation and know the answer is to invest their money. And, of course, crypto is a great option for that kind of investment.

saving can help you over time but what will really push you towards the next level is investing because that is what will ensure that not only you have money in the future but you also have double the money you currently have

[EarnOnVictor]

Inflation will go higher even If central banks try to hike rates people who hold money Will lose wealth.

This is why you shouldn't be a static thinker, you should be dynamic and revolutionize with time and situation!

It has happened to the people in the past to the point that their wealth becomes useless by the inflation and economic woes of their country. It is worse in my country to the extent that the money you kept in the bank for about 35 years would have been devalued by over 10,000 of its original worth. Now tell me, what's remaining?

This is why we shouldn't trust keeping our money in fiats, we should buy assets and keep them instead, as they are good at edging inflation.

[GiftedMAN]

There is no country's economy right now that is not being hit by inflation, difference is that some are better managers of their own situation while others could hardly find a way to contain it and therefore they continue struggling badly that it leads to their currency heavily and rapidly losing value becoming a loss for those who hold or saving the currency in bank.

This is an era where we have to pull out out money from the banks and hedge it on some assets of appreciating value like gold or bitcoin because these seem to be the surest way forward to retain and grow your money against losing value with time. The banks, the governments and othe stakeholder are doing this but they won't tell you.

The developed countries are experiencing the high rate of inflation but they seem a bit better than the developing countries and the underdeveloped countries because of their abilities to create jobs and the working system of their economy where they don't depend on other products of other countries for survival. If you take a good look at some underdeveloped countries their currencies are becoming less valuable because it is not generally used in most of the developed countries for international transactions so they are subjective to selling their currency to buy the currency they need for international business and since they have nothing to produce the economy will keep going down because they will keep importing what they use in the country from other countries.

People are wise already and in the years to come banks will be lacking money because the profit being made from the buying and selling of Bitcoin and gold is enough to stop someone from storing a reasonable amount of money in the bank where they don't have total control of the money.

[DeathAngel]

People who save money in regular fiat savings accounts are dumb, saving is for poor people. Smart people invest their money, they certainly don’t save fiat in regular bank accounts. Real estate, Bitcoin, sticks are the assets to look into investing in. Inflation destroys savings, you should invest not save.

[Lida93]

There is no country's economy right now that is not being hit by inflation, difference is that some are better managers of their own situation while others could hardly find a way to contain it and therefore they continue struggling badly that it leads to their currency heavily and rapidly losing value becoming a loss for those who hold or saving the currency in bank.

This is an era where we have to pull out out money from the banks and hedge it on some assets of appreciating value like gold or bitcoin because these seem to be the surest way forward to retain and grow your money against losing value with time. The banks, the governments and othe stakeholder are doing this but they won't tell you.

The developed countries are experiencing the high rate of inflation but they seem a bit better than the developing countries and the underdeveloped countries because of their abilities to create jobs and the working system of their economy where they don't depend on other products of other countries for survival. If you take a good look at some underdeveloped countries their currencies are becoming less valuable because it is not generally used in most of the developed countries for international transactions so they are subjective to selling their currency to buy the currency they need for international business and since they have nothing to produce the economy will keep going down because they will keep importing what they use in the country from other countries..

I think all you have expatiated could all be summed under the word "industrialization", that's what the advanced world has over the least developing nations, that they are able to stay ahead and making their currency have a dominant place in the international market for transactional use. With the advancement of industrialization jobs are increasingly created but this is not so with the developing countries where there is a more focus on importation of foreign goods and services rather than looking inwardly. In a nutshell, the whole problem lies on the fact that developing nations have a culture of producing what they don't consume and consuming what they don't produce.

[jcojci]

Most people will still "hold" because they need it to fills their daily needs. They don't understand much about the other things such as investment because those people thinks how they can fills their daily needs. So they saves their money in the banks and take it for buying their daily needs.

But if those people know about the investment and they have an open minds about the future, they will start to search and use the other things that can benefits them in the future. That will be more better if they know about Bitcoin and willing to save their money in Bitcoin form.