Topic: Are we headed to a nowhere economic direction ? - page 5. (Read 970 times)

If I am not wrong your profile shows Singaporeans and from what I see Singapore is a country that has a higher level of income per capita compared to several other Asian countries and I excluded the Middle East region. More or less what I know your country is strong in economic terms because it has a much better source of state revenue than a neighboring country and please correct me if it's wrong.

From a series of conditions that occur for me residents in Singapore are far more independent and maybe people there still have the opportunity to invest in several existing sectors, both business, crypto and real estate. But if you mean wanting to ask the accuracy in utilizing the opportunities of the three investment models that I mentioned, maybe you should try to find the appropriate match?

• Take an opportunity in Bitcoin and do long -term storage then you will see savings that are able to maintain value.

• Gold is the second choice that is also better for you to save, because gold has the same value in maintaining investment value.

• If your country is a place for global business development with the convenience it provides, real estate is still in a good category to choose from.

Your priority scale that better understands the condition of your country and from various media that I often read Singapore is a country that is quite advanced in the fields of technology, business and industry, so that the accuracy in implementing investment strategies in certain fields of you itself who better understand. More or less that your country is described in several media and many people in my country want to continue the business there and so far you are more familiar with the conditions.

My bank doesn't charge me anything to keep my money in the bank, that's free, but they are not giving me a good return for doing that neither, even when I put it on my savings account, the return is like one third of the inflation number so it's not a good return at all, it's a terrible one. Which means that when my money is in bitcoin I am making a lot more money and I will go towards that direction a lot more.

I understand that we can't really do much about the current situation, but that doesn't mean that we need to have a situation where it will make due anyway we can. I understand that we can't really make any profit by having any type of fiat currency, it's just not going to make me any profit, but if we can do that for a much more decent situation in the bitcoin world, we can profit.

I don't know if there is an agenda from all these Governments all over the world to make and keep people poor. All this stupid inflation forced on people should not have been, there are countries in Europe that should have remained neutral about this whole war issue but decided to keep punishing their citizens for no reason, just look at the energy inflation in Europe, it is just crazy, the standard of living keeps dropping per day, the rich keep getting richer and the poor keep getting poorer

Yeah, almost the same. But if I have money I will still invest in real estate, it's an investment that never spoil and here in our place you could just let people rent it out and help you pay less for your monthly mortgage.
Don't look for a quick rich investment in cryptocurrencies, most of the time it ends in doom. Just buy Bitcoin and store it for a year or two. If an opportunity arrives then sell it if you like too but do not expect too much in a rush and the same goes with any other investments.
You have a job, keep it, make money, don't spoil your kids, and buy what is only necessary. I know the lifestyle of the people today and they easily get jealous in just a Facebook post from a friend who went to fine dining place. Cook at your home, it's safer and cheaper.

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.

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.

The currently scenario consists in total lack of trust between investors and common citizens towards the government and the political environment as a whole. No one trusts anyone anymore... What people say during the daylight, they don't maintain at nighttime, if you understand what I mean...

There are big companies going bankrupt, there are investors losing money, but there are also influent people making huge money during the crisis, especially the ones connected with the government, as it has always been.

When we face situations like that, we reach the conclusion the centralized parties and organizations have failed! What we have left is the decentralized promise of a currency or asset which has the potential to protect us, common citizens, from our patrimony's devaluation and from our own governments which claim to be protecting us.

The title of this thread is totally accurate: we are headed to a nowhere direction since a long ago, but I still believe Bitcoin can head us to somewhere, after all... That is what I expect.

We're entering a stage of some sort of 'squeeze' economically: interest rates are up, profits are down, and the general market condition is just.. dead. There are still quite a few investment ventures that can prove profitable if you are in that market long before the others, although they are quite few and far in between. Perhaps it could be another recession in the making, but a lot of economists and analysts have been predicting this since 2015 and we've had way worse markets before. Right now, most of the countries--even the usual profitable ones--are slowing down their economic growth.

I think every country is still has problems as far as their economy goes, I'm from Asia and our country has so-so performance, we are still in the middle as far as GDP is concern, but we are projecting like 6% growth. But not sure if this is achievable or not.


Good for you, most of us are in crypto or at least majority is in Bitcoin, so that is good enough. Just let me tell though that Bitcoin investment is a journey, and it's not a marathon. You really need to understand how the market works and how you can make it in your advantage. Right now we are in a bear market, so what we gonna do is to accumulate as much as we can, not necessarily buying 1 BTC right away. But buy as much satoshi as you can and wait for the bull market.

Most likely, the bull market will happen next year, after the Block halving. The question is, do you have what it takes to remain in the market for at least a year to realized your profits and without complaining what is going on in your country?

Hmm, after the pandemic, my country also faced a lot of difficult situations affecting socio-economic life. The fact that some of the evils of corruption also increased greatly affected the domestic stock market. A friend of mine lost all his money while investing in shares in a large company after the chairman of the board and other members were involved in corruption and were wanted. The company went bankrupt, and the stock became worthless. Although there are still many negative fluctuations, I hope that the government will try to overcome them and come up with more reasonable policies for the country to promote the economy.

To be honest no investment opportunity is good enough when you are in a global recession phase. We don't have history of Cryptos in this time so can't even comment on how will Cryptos perform in this scenario. It's better to be either in liquid cash in this time or go with Bullion and commodities at this time because these things tend to go up. But yes one will be lucky only if his steady source of income sustains, if one loses jobs then it's a very bad phase. But let's see how the economic turmoil unfolds

No matter how you are orienting your investment purpose, just keep doing it. Take responsibility and don't complain that the market is unfair to you, because if so, you would have considered this a gamble or lottery from the very beginning. Money doesn't come so easily; it doesn't matter if you are tough enough to bear the burden during this time because most of the good and long-time investors in this industry have gone through it. After 2018, they all knew how to optimize capital. And don't look forward to meme projects; they can be a piece of cake, but they can also be poison.

Just like you there are a whole of other people in countries all over the world going through the same thing as you are facing in your country right now. Investing in cryptocurrency particularly bitcoin is great and as you have mentioned you will need to be patient because it is a long term investment. While you wait to take profit, you may consider have other sources of income aside your job which I believe you may not be sure of its security.

I am pretty much going through the same thing in my country, what is helping me aside my bitcoin investments is the digital skill I acquired some years ago. I focus more on myself and how to avoid being broke than on what the government has to offer me. The economic situation right now is terrible.

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.

I believe that we are, but we are not going to like where we are headed at all. Communism and any type of "we need to consider the bottom as well" type of left views were disabled by the media. Because media is owned by rich people and most of the people you see on TV are not only getting their money from those rich people but they are rich themselves as well.

You may dislike it as much as you want, but with the world getting more automatic, we are not going to be able to find jobs for everyone, even if they accept "ANY" job, we won't have job availability for everyone, when you consider what jobs people trained for, that number grows smaller. So, the system we have in place makes the rich richer and that's fine, but the poor will only be getting worse and worse, basically barely be able to eat.

But some parts are facing it more severely than the others. This has bring the novel tilted, " The Animals Farm" by George Owell. George Owell made a statement in the novel and says that" All animals are equal but some animals are more important than the other". The Economics situation in the West Africa (Nigeria) in particular is much more difficult than any other country in the world. Buhari, the president of Nigeria came to kill the country. He came for the goods and not for the good. The Capitalist oppression, balkanazation, allination, inflation, unemployment, underemployed, man know man employment, godfatherism, nepotism are all found the Buhari regime. Let pray that the next president should change the present economics situation to good one. The debt Profile in Nigeria is about CBN Loans: Nigeria’s debt to hit N77 trillion, says DMO. When do you think this loan will be paid off. As it is now President Buhari is still asking to collect more loans from world bank. And Economics experts are warning Nigeria President about the debt.

If we look at economic direction on the level of a country, I think it really depends on a specific country. Some are rising, some are getting worse, some are just in stagnation. But if it's about the global economy, I think that it's growing, and the direction of growth is quite clear. Recessions are temporary setbacks, pauses or slowdowns of this process. The issues I see are not those of recessions. It's an issue of the wealth gap growing, the issue of huge distribution problems. The world is making enough overall, enough to cover the basic needs of the total population. But apparently the idea that nobody must die of hunger, suffer from malnutrition, die due to incapability to afford basic medicine or have no roof under which to sleep is just too radical, leftist, woke, or whatever. That is disturbing to me.

Your country maybe but I think my country is not.  The people who are governing your country do not govern all the countries.  There are people who are capable of governing their countries, bringing growth and improvements.  I feel sorry that you have a leader that is incapable of making your country improve.  I hope in the next election your people are able to choose leaders that are competent enough to give you satisfactory results.


Bitcoin investment is not a quick race, it is a marathon where you need to hold for a longer period of time to get a satisfactory profit. If you are in for a quick rich scheme, then probably Bitcoin investment is not for you. 

The situations of every country is same in most of the cases so we should prepare for the situations of inflation. I think setting some business is worthy because if a person save money in bank then due to inflation may be he loss that money and in case of crypto so there is no guarantee of getting income.

In my opinion build a house or shops and give it on rent is a beneficial decision and everyone wants a home to live so there are large number of individuals who don't afford to build home so they will live on rent and this will give you maximum monthly profit. So during inflation as every country faces it this opportunity will help you to live a happy and easy life.

The economic condition of my country is very bad. I have to spend what I earn in this country. Can't save any money for future life. I had deposited some money in the bank and took that money from the bank and kept it at home. Because my country has suffered a lot economically and various banks are going bankrupt right now, so I took my money out of the bank and kept it at home. But I am planning to invest in Bitcoin without keeping money in the bank. Although there are already some investments in Bitcoin, I will invest this money in Bitcoin to strengthen my investment. Because currently I think investing in Bitcoin is better than keeping money in the bank.