People who hold money will be poor soon

[bakasabo]

Now, keeping money in the bank will not make you poor, but the value of money will definitely decrease. At present the condition of the banking sector in our country is very bad, so it will not be good to keep it in the bank. So it will be wise to invest our money in any sector. Now those who are willing to take the risk, can invest in Bitcoin which will make them very profitable in the long run. Now if I had enough money I would invest in land, it is a risk free investment.

You have said it, in "your country banking sector is very bad", same as inflation is different in every country. OP cant speak for everyone. According to Google, Argentina and Turkey has highest inflation $ last year. In those countries it is really unwise to hold money and do nothing with them. Any Chinese who lives in China, with 0.1% annual inflation can sleep peacefully.

As to your advice to invest in land, that aint that simple. I think you can just own land and do nothing with, just wait till its value increases. You will be having some expenses as well; taxes, have to maintain land (at least cutting grass). 

[dezoel]

This morden age one don't need holding a fist currency, we can save them as emergency funds and also invest in crypto currency if we want to become wealthy and successful in the future. Fiat currency lose value everyday and holding it will neither do one any good. Imo shitcoins and fiat are like one. Suggesting to invest in Bitcoin for the long term so can make a good profit within 2 circles of Bitcoin.

We don't really have a choice in that matter, do we? How will you buy groceries if you don't have any cash at all? Because, Bitcoin or cryptocurrencies are not accepted everywhere for now, so the fact that even if we want to hold no fiat, it's a compulsion for us to at least have some so that we can complete the daily basic financial requirements that we encounter until a time comes when cryptocurrencies might become the norm, but I really have doubts about that.

Whenever I think about a time when cryptocurrencies will be accepted everywhere, and we will stop using fiat currencies, but then I realize that the countries and their economies that exist on their currencies won't or can't let that happen. You will only be allowed to keep or use cryptocurrencies if you also keep fiat side-by-side because you won't be allowed to completely abandon it, systems will be designed that way.

[Alone055]

You have said it, in "your country banking sector is very bad", same as inflation is different in every country. OP cant speak for everyone. According to Google, Argentina and Turkey has highest inflation $ last year. In those countries it is really unwise to hold money and do nothing with them. Any Chinese who lives in China, with 0.1% annual inflation can sleep peacefully.

There are many countries with very low inflation rates, such as:

- Switzerland: 0.6%
- Sweden: 0.8%
- Singapore: 1.6%
- Saudi Arabia: 1.9%
- Morocco: 0.7%
- Italy: 1.3%

(source)

So, it's not that every person in this world will have to go through the problem of their wealth losing value over time if we are only looking at it that way.

As to your advice to invest in land, that aint that simple. I think you can just own land and do nothing with, just wait till its value increases. You will be having some expenses as well; taxes, have to maintain land (at least cutting grass). 

Investing in and owning land is not that difficult too. The most difficult part is to have enough money to be able to buy land or properties in places that you know have potential to sell higher in the future, and, another very important thing is to make sure that the property you are buying is legally clear. I have seen a lot of people getting in trouble for such things, especially in third-world countries where land-grabbing is a big issue.

[Trout Mask]

"Holding" or "saving" cash exclusively is always a bad idea, but especially in the current economy.

Cash can be used as leverage, and thus you should always have some dry powder - but all your powder shouldn't be cash.

[lizarder]

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.

We can see the inflation conditions that occur and the role of the currency is not so great to make options to protect values so that there is a great effort that needs to be done by anyone to maintain wealth. There are many economic concepts that can be learned regarding the value of the currency that decreases every period and that does not show the power to store money in the long run. Instead people make a few steps for a solution which sees the potential in business and investment as one of the best options to protect value.

This step is considered to be done if someone intends to make his wealth grow because saving money in the bank is not a good strategy. We live in the midst of economic chaos both globally and local so that we can see the potential for money to be increasingly erratic. If it wasn't for investment and business, maybe anyone would never get the opportunity to achieve wealth as a step to double the source of his wealth.