Quote from: lixer on Today at 11:31:08 PM

Quote from: Decred Arabia on July 28, 2020, 10:45:11 PM

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 really don’t understand some people Sad

. Someone saying that cash is trash, that makes them look really dumb to be sincere, because I don’t get why people will not understand that there is a purpose for everything. Cash is totally different from assets and stocks, these things are completely different from each other and having them is what makes each of them to have value.

There are times cash is of more importance and there are also times that assets can be better. When the stock market is crashing people would run to fiat to save them, and same thing when it’s the other way round. So, they all have their own purpose. And moreover, when you buy asset and the price goes up it’s all to make more cash right? So, I don’t get why people would say cash is trash.

Cash is basically not a trash because people nowadays are still into earning hard earned cash for their own survival. We are still working 8 hours in a day in order to receive our salary in the form of cash. While we are heading into a cashless society but i believe most of the countries are not yet ready for a big change in the system.