I think yesterday, i have read some one article here regarding cash and crypto financial system. From this two financial system cash is most old as well most worst due to it's value keep decrease on every years like launch rocket in mars. While Crypto is a new financial system which journey started since 2009 to till now but almost 5 years ago crypto evolution did not happened like now happening . Also the prediction indicate about the crypto evolution going to start widely within next 2 or 3 years. Let's talk something about it.
Cash investment is worst than other investment!
What thought comes on your mind when you heard this bolt sentence? Of course you my think how is this possible when nothing is above than cash yet. Well, to understand this you of course need to think about your past life. No matter from where you are from but a thing you may notice that there every thing price increase . Such as here around 3 years ago per KG rice cost was only (22-25) TAKA mean ($0.30) but right now per KG rice cost around (60-65)TAKA mean ($0.80). Just look within 3 years how the price of rich increase and how the cash value decrease on. Again look back to 10 years ago when per KG mutton cost was around 3 USD something but right now per KG mutton cost up to 10 USD. This fully indicate that cash value keep decrease on every year due to money printing issue .. Did you guys read that this year USA has printed around 6 Billion USD? Can you imagine how this will effect on different country too of money manipulation ? Well, let's back to normal details.
Crypto investment or invest on other thing makes your investment more better!
If you look back to 2009 to till now then you can see every top rated crypto price increase thousand time over than cash value increase ever. Infect if you have invested on Bitcoin last year around 500 USD and hold up till now then your investment would be 3x now according to current btc price . As well if you invested your money on land last two or five years ago then your investment minimum increase up to 20% now over year.. This is just kinda example of other kind of investment rather than cash .. No matter where you are going to invest because it is always worth for your investment .. Some where i have seen that somebody invested 1 USD cash 30 years ago which worth now $0.06 and invested on other sector too around $1 which worth now upto $256. This is the benefit of investment on other thing rather than cash.
After all, this does not mean that cash investment is not good but cash investment gonna give you low amount profit return as well there has tax problem , inflation problem, security problem too . If you earn too much money from some where which is more than you can earn by your skills then you going to face problem from Govt... Do you know Jhon McAfee waste his life in prison due to tax problem though he has great effect on 2017 in crypto market but nothing to do ..
Tax is a huge problem for your wealth all the time if you under cash. But as soon as you stay away from cash investment and mostly invest on crypto then there has no problem hide behind you again. As well Crypto can give you certain amount profit than you can think now.
Remember what USA investor doing now a days.. They are into now crypto currency investment just because they know soon USD will lose their global value which will lead their wealth more decrease than now.. This is why USA former president as well other now a days keep tweeting on that bitcoin is scam as like the payPal CEO said few years back.
Infect they know too that nothing will be able to stop crypto adoption ... In this case , China also fear about their national currency value which lead them to banned their bitcoin mining , trading fully. Infect, they are banning crypto advertising on tiktok too and tried their best to stop crypto adoption . This fully indicate too some day cash will be value less.
Though still some people say that cash is better and they are already late to join crypto . But they are totally wrong because the evolution of crypto not yet started . We will see the crypto adoption when minimum 100 country will accept bitcoin or other crypto currency in their country as digital cash while pass the tender. Because this is the only way to explain some one how crypto work in this world. There has no point to worry about your value you invest on crypto because there has no printing issue or increase the supply of coin but all is limited .. This is why your investment will be increase time to time.
Infect before my crypto journey i also believed that nothing is above than cash but i did not realized that cash value keep decrease daily while crypto value increase daily. There will be day when Per bitcoin satoshi will be worth one USD.. For better understand you can take research about mining reward as well the equipment demand time to time which also explained how crypto adjusting with our financial system.
What is your view about cash and Crypto? Tell us:
Cheers!
Well, I agree upon your words. The cash value will decreases but commodities values will increase and you said it's due to printing cash. But I think it is due to inflation. And in market every year 10% inflation is normal to deal with.
And now if we choose to keep our property on cash it doesn't increases with inflation but rather gets decreases its face value if compared.
Thus it is better to do trading in other assets rather than cash.