During a time of uncertainty, one of the most esteemed/valuable assets to have is cash. This connotes that having a large emergency fund can sustain a family during an unexpected loss of a job or health crisis. Also, an investor will be happy to have some cash in handy when a stock market crashes, that is, it will give the ability to get stocks or other assets during the decline. Because of how valuable cash can be during financial stress, it has been said that Cash is King.

Imagine having a lot of cash available when Hive is low, it will help you fund your wallet with more Hive tokens, taking the advantage of the low price and expecting the price to pump. Do you realize how much profit you will be getting then?

The phrase “cash is king” means that when you have liquid funds available, it can be vital because of the flexibility it provides when there is a crisis.

Financially, it is recommended that a family who wouldn't want to experience an unexpected job loss or health crisis should have at least three to six months of expenses to live on, set aside in an emergency fund. No one would want to put an emergency fund in non-liquid investments or one that could lose money.

It is important to know how much cash to keep in case of a crisis like this. Those with stable jobs and good health can choose to have less cash in their emergency fund while those whose income aren't stable, such as freelancers might want to deliberate on having more cash at hand.

Generally, most investors prefer to have at least 5% to 10% of their portfolio in cash or liquid assets to take advantage of buying when opportunities arise.

Having cash at hand is an expression that mirrors a hidden blessing that shapes your overall financial health. Regardless of the value of your assets, if there is no adequate amount of cash or liquid assets, you may run into many financial problems and lose potential opportunities.

The truth is that cash is king because it might enable you to jump on any unpredictable opportunities that may happen, most especially in the crypto world.

Liquid assets are the assets one can easily convert to cash quickly to settle some problems arising. Hive, when not powered up or HBD not in savings are examples of liquid assets that can be traded for cash to meet your needs.

It is very easy to choose to invest in stocks, lands, real estate, etc. While these are good investments for any individual, it is necessary to consider having a portion of financial resources and liquid assets which saves time more than waiting for your non-liquid assets to turn into liquid, and by then the opportunity you have been waiting for might close. These liquid assets are easy to access and not easily inclined to market swings or losses.

Reasons why you need to have cash available.

^{It is a lack of cash or liquidity that makes many individuals and businesses struggle financially.}

Opportunities come unexpectedly as they do not give notifications beforehand, and to financially grow, it is required to be able to identify and seize every opportunity as they show up.

Presently, many tokens and assets are down in price, including our precious Hive tokens, because of this, they are underpriced. It is only those who have cash at hand that will take advantage of this opportunity and buy more of those tokens at their very low prices.

This is where cash is king because when opportunities like this come up at any time, instead of waiting to liquidate some of your non-liquid assets or tokens which might be too late then, it is easier to secure amazing opportunities with your cash to make more money.

There are unplanned situations that show their ugly faces up such as damage in your car, health problems of a relative, and most importantly, when you lose your job. You need cash to settle all these immediately without worrying about surviving. Because of this, you don't have to go into debt.

Another reason is that it reduces the risk of loss. Investing in real estates, bonds, stocks, and gold are non-liquid assets and may not be accessed easily when you need cash urgently. This implies that you have to sell them first before you can use the profit from this investment.

Now think of what happens when you need cash immediately or urgently and you decide to sell your investment in any of these non-liquid assets, if they are currently trading at a lower price than when you paid for them, the moment you sell them to meet your need, you lose on those investments. While the assets are good for long-term investment, cash is king in the short term to reduce the risk of loss.

Having cash helps you pay bills such as mortgage repayments, TV licences, water bills, car repairs, foodstuffs, etc.

Finally, cash would help you survive when there is a recession.

Just as Nathan Vardi says; cash is king in the time of coronavirus.

During the time of COVID-19, when businesses were closed, revenues fell quickly, and people lost their jobs but it doesn't stop bills from coming in. With adequate cash, some businesses did not close down as there was more flexibility and ability to meet fixed expenses and survive the recession.

Thanks for your time on my blog.