Are we headed to a nowhere economic direction ? - page 4.

savetheFORUM

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Quote from: Silberman on May 21, 2023, 02:46:53 AM

Quote from: Texac on May 20, 2023, 05:58:53 PM

this is not the first time the economy has suffered from inflation, inflation is a part of the economy and it has a cycle. therefore, economic recovery is certain but inflation will soon return in the future. i agree with you, we shouldn't waste time researching and coming up with solutions because it's the government's duty, we alone won't do anything or come up with any good idea. Instead, finding a way to save ourselves from inflation is what we should do above all.

And unfortunately something as simple as this is beyond the capabilities of most people, they take a very passive stance and they simply hope that the government is going to fix everything, and maybe they will find a way to avert the upcoming crisis, but even if they do most people would have suffered tremendously during that period, so we cannot give up the responsibility to look after ourselves and protect our assets to the best of our abilities.

Most of them don't really have a choice since they don't find any solution for it themselves and they simply just hope and wait for things to be managed by the government or the authorities which barely happens and then they become disappointed. If they have enough wealth, they may go for investments like real estate or gold, but those with limited wealth will be left hanging.

Such people if know the correct medium of keeping their wealth at the right time will surely act upon it but they lack the necessary knowledge, hence they stay where they were and get hit pretty hard with inflation and economic crisis.

fuguebtc

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Quote from: Argoo on May 21, 2023, 10:42:07 AM

Quote from: fuguebtc on May 21, 2023, 05:43:39 AM

From what I understand, OP is saying that real estate prices are also falling according to the economic situation, and rich people are also afraid to invest because it doesn't generate profit. The real estate market also became gloomy, not better than other markets. But it is still considered the safest asset, and the fact that it drops in price is a good investment choice. The demand for real estate will never go away or decrease over time, look at how fast the world population grows, and you will see the potential of real estate.

Now the general economic and financial crisis continues. It affected almost all countries after unprecedented measures to combat the coronavirus pandemic, ongoing wars, especially that Russia unleashed in the center of Europe by invading Ukraine, as well as climate change, which primarily negatively affects agriculture. During this period, keeping funds in fiat or in banks at interest is inefficient. A much better solution has always been an investment in real estate, eternal values, antiques. And now we have a great solution with investments in the best cryptocurrencies. But in cryptocurrency, you cannot count on quick profits.

I don't want to offend, but I think the people who say real estate has no potential are the ones who don't have enough money to invest in it. The demand for gold and bitcoin may disappear if we find a metal more precious than gold or a new technology better than bitcoin, but real estate will always be in demand because everyone needs a place to live.
In summary, with the economy in recession, and currency depreciating, we should stay away from fiat money altogether and allocate our money to deflationary assets like gold, bitcoin is a perfect choice.

jaberwock

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Quote from: cydrix on May 18, 2023, 02:59:55 PM

The days when we all relied solely on natural resources to thrive are long gone, and the world is transitioning to a digital economy. The government made money off of those resources, therefore the natural bounty was not greatly enjoyed by the people. I see a future in which everyone's brain has been implanted with knowledge about our natural resources. Ideas should be generated by individuals to improve their finances and the economy. Spend the money you have wisely if you must. If you require quicker returns, and if you are skilled with advertising, you can spend the money in affiliate marketing. It doesn't make sense to keep the money in the bank, and occasionally I think it's a waste of time. It's preferable if you spend the funds to advertise a successful product.

There are still natural resources left but it would be better to not fully rely on them so that they can last long. It's always better to diversify or have an alternative on the side. Digital economy is booming but we can't fully transfer on it as there are things which will only work offline. Also, not all people have the ability to follow the current trend. They are already contented on the basic life.

There were talks about chip implants in the body, is it the same thing you're talking about? That's scary but it's a good thing if the idea is to help people realize the importance of natural resources. People can still be taught in a natural way. This is more safer than those implants.

DrBeer

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Quote from: fuguebtc on May 21, 2023, 05:43:39 AM

From what I understand, OP is saying that real estate prices are also falling according to the economic situation, and rich people are also afraid to invest because it doesn't generate profit. The real estate market also became gloomy, not better than other markets. But it is still considered the safest asset, and the fact that it drops in price is a good investment choice. The demand for real estate will never go away or decrease over time, look at how fast the world population grows, and you will see the potential of real estate.

The real estate market is different from the FMCG market, and it has both ups and downs. Moreover, "regional" and "situational" moments are added.
For example - in my country, as well as throughout the world, until 2009 the real estate market grew like a bubble - take it today - tomorrow sales are guaranteed to be more expensive. And prices have skyrocketed to an unacceptable level. But the people, by inertia, bought, and even on credit, being sure that tomorrow, even taking into account loans, they would sell at a profit. The market has burst....Prices have fallen.
Then, though, the situation stabilized and prices began to rise again.
After the Russian attack on my country, the real estate market expectedly fell even in the capital, especially in cities close to the front line. But after some stabilization, around 2018, prices began to rise again. Today the prices look quite logical, but the demand is still pushing up the price, because. a large number of people appeared who lost their property (temporarily occupied areas), and wishing to buy in other cities.

bettercrypto

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Quote from: Marcellin9 on May 17, 2023, 02:52:20 AM

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Well, the state of our economy here is somehow changing compared to the past 3 years. It seems that our economy is still in the stage of recovery, and almost all countries are now facing this situation because of the inflation that is being faced all over the world today.

In short, all of us around the world are facing the situation that you have in your country as well, the only thing that is really needed now is for us to have a smart strategy to grow the money that we earn from the work that we have. Although, the risk does not disappear as long as what is really needed is to be strong and good at choosing.

Argoo

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Quote from: fuguebtc on May 21, 2023, 05:43:39 AM

From what I understand, OP is saying that real estate prices are also falling according to the economic situation, and rich people are also afraid to invest because it doesn't generate profit. The real estate market also became gloomy, not better than other markets. But it is still considered the safest asset, and the fact that it drops in price is a good investment choice. The demand for real estate will never go away or decrease over time, look at how fast the world population grows, and you will see the potential of real estate.

Now the general economic and financial crisis continues. It affected almost all countries after unprecedented measures to combat the coronavirus pandemic, ongoing wars, especially that Russia unleashed in the center of Europe by invading Ukraine, as well as climate change, which primarily negatively affects agriculture. During this period, keeping funds in fiat or in banks at interest is inefficient. A much better solution has always been an investment in real estate, eternal values, antiques. And now we have a great solution with investments in the best cryptocurrencies. But in cryptocurrency, you cannot count on quick profits.

fuguebtc

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Quote from: Synchronice on May 21, 2023, 03:09:47 AM

Quote from: rat03gopoh on May 17, 2023, 12:00:18 PM

Quote from: Marcellin9 on May 17, 2023, 02:52:20 AM

Real estate is collapsing and even the rich people have no options to invest.

If someone can think of an investment plan in the middle of a recession, it means that he is able to maintain a stable financial condition, while in the midst of a "collapse" the real estate business is a good investment opportunity to start in that sector. Why "no choice"? Unless you state where you're from, some countries are simply not suitable for real estate business in various global economic situations.

He probably says that real estate prices are so increasing that even rich people can't afford them. I don't think that real estate is a good option when its price is gone too far where a lot of people can't afford it. Market crash happens and real estate market will crash too, it won't grow forever.

From what I understand, OP is saying that real estate prices are also falling according to the economic situation, and rich people are also afraid to invest because it doesn't generate profit. The real estate market also became gloomy, not better than other markets. But it is still considered the safest asset, and the fact that it drops in price is a good investment choice. The demand for real estate will never go away or decrease over time, look at how fast the world population grows, and you will see the potential of real estate.

Synchronice

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Quote from: Marcellin9 on May 17, 2023, 02:52:20 AM

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Do you think that price is going to fall down? If yes, then you can still profit via Margin trading if you short sell Bitcoin or other coins.

Quote from: rat03gopoh on May 17, 2023, 12:00:18 PM

Quote from: Marcellin9 on May 17, 2023, 02:52:20 AM

Real estate is collapsing and even the rich people have no options to invest.

If someone can think of an investment plan in the middle of a recession, it means that he is able to maintain a stable financial condition, while in the midst of a "collapse" the real estate business is a good investment opportunity to start in that sector. Why "no choice"? Unless you state where you're from, some countries are simply not suitable for real estate business in various global economic situations.

He probably says that real estate prices are so increasing that even rich people can't afford them. I don't think that real estate is a good option when its price is gone too far where a lot of people can't afford it. Market crash happens and real estate market will crash too, it won't grow forever.

Silberman

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Quote from: Texac on May 20, 2023, 05:58:53 PM

this is not the first time the economy has suffered from inflation, inflation is a part of the economy and it has a cycle. therefore, economic recovery is certain but inflation will soon return in the future. i agree with you, we shouldn't waste time researching and coming up with solutions because it's the government's duty, we alone won't do anything or come up with any good idea. Instead, finding a way to save ourselves from inflation is what we should do above all.

And unfortunately something as simple as this is beyond the capabilities of most people, they take a very passive stance and they simply hope that the government is going to fix everything, and maybe they will find a way to avert the upcoming crisis, but even if they do most people would have suffered tremendously during that period, so we cannot give up the responsibility to look after ourselves and protect our assets to the best of our abilities.

Texac

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Quote from: AmoreJaz on May 20, 2023, 04:46:28 PM

Quote from: smile1218 on May 20, 2023, 07:45:33 AM

It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.

and that means, we should not waste time thinking about this matter as it won't do any good in our personal lives. so better look for alternative jobs or additional jobs that can possibly help us in our financial needs.
we can't trust the government to help us in surviving the crisis. we should take care of ourselves and find a way how to keep up with the rising cost of living.

this is not the first time the economy has suffered from inflation, inflation is a part of the economy and it has a cycle. therefore, economic recovery is certain but inflation will soon return in the future. i agree with you, we shouldn't waste time researching and coming up with solutions because it's the government's duty, we alone won't do anything or come up with any good idea. Instead, finding a way to save ourselves from inflation is what we should do above all.

AmoreJaz

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Quote from: smile1218 on May 20, 2023, 07:45:33 AM

It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.

and that means, we should not waste time thinking about this matter as it won't do any good in our personal lives. so better look for alternative jobs or additional jobs that can possibly help us in our financial needs.
we can't trust the government to help us in surviving the crisis. we should take care of ourselves and find a way how to keep up with the rising cost of living.

DanWalker

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Quote from: michellee on May 19, 2023, 09:14:36 AM

Quote from: Darker45 on May 18, 2023, 08:37:51 PM

If you have a stable source of income and could even manage to set aside some for savings, you are better off than many others. I guess your challenge is how to manage your savings well, what to do with it. Will you keep it in the banks and continue to lose value? Will you invest it? Where?

In my country, the 2022 data say that more people are feeling poor. The numbers are rather high, more than 50% in many regions. So I assume the situation is getting worse. I myself feel it, too. Even as basic a spice as onion; it's getting too expensive.

Instead of keeping it in the bank, it is better for him to invest his money in bitcoins so he can get better returns instead of keeping it in the bank. But even if he doesn't invest in Bitcoin, he has to manage his money well so it isn't used for meaningless things.

I think the situation in our country will be different and we will try to manage the money we get so that we can save some money for the future. And even though we find it difficult, we still have to have a savings account in case of an urgent situation.

I also feel the same way as them, but I'm trying to save a few dollars in Bitcoin and savings even though I know it won't give much interest, I can withdraw the money for urgent needs instead of selling my Bitcoins first.

But is it really a perfect solution when we put all the money in bitcoin? Bitcoin is still a risky asset, don't forget high return comes with high risk, and don't tell me bitcoin has low risk and high return.

If I were OP, I would just put a portion of the money in bitcoin, and that would be money I wouldn't use for a long time. The rest I will buy gold because gold is stable and does not depreciate due to inflation and is also easy to convert to fiat if I need the money to use it. If we do not want to invest, then buy any asset with stable value, we should limit depositing money in the bank because inflation will eat away our money.

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Quote from: Kakmakr on May 20, 2023, 05:13:54 AM

Yes, people are really getting it from all sides and not a lot of people seem to have disposable cash to invest in anything. Roll Eyes

In my country, inflation are causing rapid increases in the cost of living and interest on debt are being increased by the government. The electricity and utility bills are also much higher and interest on fixed Banks deposits are less than inflation.

The Bitcoin price might be low now, but we have seen previous events where there were a strong recovery and that left some room for making small profits. (Example : Buy Bitcoin at $26k and selling it at $30k = +/- $4k Profit per coin) Undecided

Don't feel sad if you buy Bitcoin at a high price because the Bitcoin price will increase again.

And it is true that in some countries, inflation is already causing the cost of living to rise, and many people are struggling to survive. But that's what happened, and we can't stand still hoping for help from the government because I'm sure that we can get through it and keep trying to survive. Everything must pass, and remember that the future will be better than now. And we can share this experience with our children and grandchildren later so they can survive if the situation in their time is difficult.

smile1218

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It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.

xSkylarx

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In our country, inflation and prices go up, hitting us hard. Electricity and water bills have gone up almost 100%, as have the prices of foods and basic needs. They are going up day by day, and workers right now are asking the government to raise the minimum wage so that they can afford to buy those needs as the prices are always going up but their salary is the same. People also right now here in our country, instead of going to farms, are going to cities to get employed because fertilizers are expensive, and there are only a few businesses right now that are still standing as others are going bankrupt.

Kakmakr

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Yes, people are really getting it from all sides and not a lot of people seem to have disposable cash to invest in anything. Roll Eyes

In my country, inflation are causing rapid increases in the cost of living and interest on debt are being increased by the government. The electricity and utility bills are also much higher and interest on fixed Banks deposits are less than inflation.

The Bitcoin price might be low now, but we have seen previous events where there were a strong recovery and that left some room for making small profits. (Example : Buy Bitcoin at $26k and selling it at $30k = +/- $4k Profit per coin) Undecided

DrBeer

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As we know history and economy have spiral and wave development. Spiral - this is a spiral upward to a new level (globally), and within one turn - a wave-like fluctuation - from drawdown to growth.
Now we are just witnessing another cycle of decline, the end of which, as expected, will be growth, and most likely even new opportunities. This is due to several factors:
- withdrawal from the market of "weak players" and the release of many niches for players more adaptable to the situation.
- the emergence of new technologies that are born during global crises that bring the economy and the whole world to a new level of development.
On the one hand, today's time is very difficult, but I'm sure there will be a lot of interesting things ahead - from changes in the world economy and technologies, to a very noticeable change in the geopolitical "layout of the cards." We live in interesting times

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Quote from: TheGreatPython on May 20, 2023, 12:29:19 AM

Quote from: Adbitco on May 17, 2023, 05:52:53 AM

Quote from: Marcellin9 on May 17, 2023, 02:52:20 AM

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

I don't really think you knows the purpose of your investment, how do you think and see cryptocurrency investment or do you take it to be a ponzi scheme or quick get rich scheme where you invest some certain amount and get back some folds?

As I usually say to any around me cryptocurrency investment doesn't require impatient people or investors, you must know the kind of invest you wants to venture into be it short term or long time at least they both required 5 months to 1 year patient before you could start witnessing the bull trend otherwise investing today and expecting to start seeing the bull sign is a very wrong mentality, so change your perspectives towards cryptocurrency investment and exercise patient.

Well, he didn't say anything bad about Bitcoin or cryptocurrency investments, he simply said that he invested in cryptocurrencies and due to the current market situation, he isn't yet in profit so it's still unknown when and how much profit he might make from it, there is nothing wrong with that statement, it is a general sentiment about the market.

Cryptocurrency investments certainly require patience since you cannot just invest and start getting a profit, but it is also okay to have your thoughts and opinions about the market as we all know it moves in both directions from time to time.

Normally we don't just invest nd start seeing profits, that's why as an investor you must have it in mind that it's seasonal whereby if buying at dip we must hold till whenever the bear elapsed then we may think of seeing bull, that is when to merry whatever they have added to cryptocurrency investment to at least have some profits. However, after bear sometimes we don't see some coin active anymore doing well as it was maybe if the team feels like to revive the project then before there would be a positive move on the project this solely depends if the team members are genuine.

irhact

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Quote from: Marcellin9 on May 17, 2023, 02:52:20 AM

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Globally every economy isn't as strong as they were before 2020, after the pandemic many business and economics are still struggling to recover. The situation in my country is worst, business are shutting down and people are losing their joy too. Things are getting worst but cryptocurency has been our savior as it's giving a source of income to many people including myself.

We're still in a cryptocurency bear market so don't expect much to happen until the year ends, next year might be when we'll start seeing increase from the price of Bitcoin as it'll be increasing due to fomo and hype of Bitcoin halving then next two years, the main bull starts.

TheGreatPython

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Quote from: Adbitco on May 17, 2023, 05:52:53 AM

Quote from: Marcellin9 on May 17, 2023, 02:52:20 AM

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

I don't really think you knows the purpose of your investment, how do you think and see cryptocurrency investment or do you take it to be a ponzi scheme or quick get rich scheme where you invest some certain amount and get back some folds?

As I usually say to any around me cryptocurrency investment doesn't require impatient people or investors, you must know the kind of invest you wants to venture into be it short term or long time at least they both required 5 months to 1 year patient before you could start witnessing the bull trend otherwise investing today and expecting to start seeing the bull sign is a very wrong mentality, so change your perspectives towards cryptocurrency investment and exercise patient.

Well, he didn't say anything bad about Bitcoin or cryptocurrency investments, he simply said that he invested in cryptocurrencies and due to the current market situation, he isn't yet in profit so it's still unknown when and how much profit he might make from it, there is nothing wrong with that statement, it is a general sentiment about the market.

Cryptocurrency investments certainly require patience since you cannot just invest and start getting a profit, but it is also okay to have your thoughts and opinions about the market as we all know it moves in both directions from time to time.

Topic: Are we headed to a nowhere economic direction ? - page 4. (Read 949 times)