Coming economic problems all world how to profit - page 2.

kaya11

full member

Activity: 1344

Merit: 110

SOL.BIOKRIPT.COM

Quote from: batang_bitcoin on March 14, 2022, 03:30:35 PM

Make a lot of source of income from different businesses and investments that you have. And another one, if you're employed, don't leave your job so that you have a secured and expected money to come in every 15 days or monthly or weekly while working with those businesses that you have.

This multitasking is where we are now, business at the same time working from the government. Challenging but when you see all your hard works are coming to fruition, all those wordiness and tiresome schedule fades away. Aside from having a stable income and an additional earnings from business, we have learned many things in entrepreneurship, meeting with different kinds of people. Another positive side is while the economy is slowly falling, we still can manage to buy the things we want. If we solely rely on government's payroll, we could still survive, although we are preparing for the future, saving
for emergency funds, whatever might happen we should be always ready right.

g-uid

member

Activity: 259

Merit: 18

Quote from: davis196 on March 15, 2022, 01:52:02 AM

Quote from: g-uid on March 14, 2022, 06:10:21 PM

Let's say you have $100,000USD and you're dealing with a currency that is rapidly losing its value versus the USD, in this case take TRY.

You're a soothsayer and know that TRY is going to hell in a hand basket, so here's one way to profit:

1. Take a loan for the equivalent of $100,000USD in TRY; use your USD as proof that you can pay the loan in a heartbeat
2. Once you have the loan, push your $100,000USD out of the country. Leaving it in the same country as TRY makes it subject to forfeiture and forced conversion that is inevitable in order to protect TRY
3. Use the loaned TRY to buy real estate (preferably in a dense urban area). You don't want to buy rural because of the taxes. You want to buy urban because of commercial real estate potential
4. As TRY continues to lose value, siphon small amounts from your USD to pay the interest of your TRY loan

over time you will profit like a king.

Yeah,right.That's a genius plan.I wonder why almost nobody is doing it and making millions. Grin

1.I don't think that exporting 100K USD outside of Turkey is legal,but I'm not sure.
2.No bank is going to give you loan,knowing that you might get out with the money into a foreign country.
3.The banks usually want collaterals that are bigger than the amount you want to borrow.120%-130%
4.There are some fees,when applying for a loan.You would also need to provide a business plan for the loan.
5.At some point,the Turkish central bank will raise the interest rates.All the banks in Turkey will also raise the interest rates.Good luck with paying off a loan,that has a big interest rate.
6.I don't get it.You want to convert the Turkish lira into USD before you export the money outside Turkey or after you export the money? Grin

Ah, okay, you know all the answers then.

Quote from: Beerwizzard on March 15, 2022, 02:08:32 AM

Quote from: g-uid on March 14, 2022, 06:10:21 PM

Let's say you have $100,000USD and you're dealing with a currency that is rapidly losing its value versus the USD, in this case take TRY.

You're a soothsayer and know that TRY is going to hell in a hand basket, so here's one way to profit:

1. Take a loan for the equivalent of $100,000USD in TRY; use your USD as proof that you can pay the loan in a heartbeat
2. Once you have the loan, push your $100,000USD out of the country. Leaving it in the same country as TRY makes it subject to forfeiture and forced conversion that is inevitable in order to protect TRY
3. Use the loaned TRY to buy real estate (preferably in a dense urban area). You don't want to buy rural because of the taxes. You want to buy urban because of commercial real estate potential
4. As TRY continues to lose value, siphon small amounts from your USD to pay the interest of your TRY loan

over time you will profit like a king.

Well, some points are already explained on previous post but I'd like to add that even if you are lucky with your own roadmap you gonna be very surprised when you find that real estate prices are not rising as fast as TRY inflates and since you can buy and sell real estate in TRY then by buying real estate you will get an asset closely tight to TRY rates. Ofc it is better than burning your money in inflation but it is still a bad example of investing. In your example it would be much better just to buy USD (or stablecoins) and later repay your loan.

Hahah. Okay you guys know everything.

Power to you, and good luck!

[moderator's note: consecutive posts merged]

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: 325btc on March 14, 2022, 02:19:25 PM

We know markets will crash and huge deflation...and economy will melt down....but is there any good ways make good profit out of this chaos? Other then just betting on short positions ? Any other ways to benefit of this global crashes and bankcrypcies around the world?
Right now we know we can do a lot shorting the market but what else gives nice profit ?

You can buy coins and assets at this time. Don't think about shorting, shorting is always a short term gain condition. The economy will recover but there will be these problems.

You can benefit from bankruptcy but you have to keep your nerve. When you have been keeping money stored for long time, this is the time to use that held cash and buy stuff.

Profit will come when you sell those same in future. Conditions are always transient but the point is to keep hanging on.

Beerwizzard

full member

Activity: 924

Merit: 148

Quote from: g-uid on March 14, 2022, 06:10:21 PM

Let's say you have $100,000USD and you're dealing with a currency that is rapidly losing its value versus the USD, in this case take TRY.

You're a soothsayer and know that TRY is going to hell in a hand basket, so here's one way to profit:

1. Take a loan for the equivalent of $100,000USD in TRY; use your USD as proof that you can pay the loan in a heartbeat
2. Once you have the loan, push your $100,000USD out of the country. Leaving it in the same country as TRY makes it subject to forfeiture and forced conversion that is inevitable in order to protect TRY
3. Use the loaned TRY to buy real estate (preferably in a dense urban area). You don't want to buy rural because of the taxes. You want to buy urban because of commercial real estate potential
4. As TRY continues to lose value, siphon small amounts from your USD to pay the interest of your TRY loan

over time you will profit like a king.

Well, some points are already explained on previous post but I'd like to add that even if you are lucky with your own roadmap you gonna be very surprised when you find that real estate prices are not rising as fast as TRY inflates and since you can buy and sell real estate in TRY then by buying real estate you will get an asset closely tight to TRY rates. Ofc it is better than burning your money in inflation but it is still a bad example of investing. In your example it would be much better just to buy USD (or stablecoins) and later repay your loan.

davis196

hero member

Activity: 3150

Merit: 937

Quote from: g-uid on March 14, 2022, 06:10:21 PM

Let's say you have $100,000USD and you're dealing with a currency that is rapidly losing its value versus the USD, in this case take TRY.

You're a soothsayer and know that TRY is going to hell in a hand basket, so here's one way to profit:

1. Take a loan for the equivalent of $100,000USD in TRY; use your USD as proof that you can pay the loan in a heartbeat
2. Once you have the loan, push your $100,000USD out of the country. Leaving it in the same country as TRY makes it subject to forfeiture and forced conversion that is inevitable in order to protect TRY
3. Use the loaned TRY to buy real estate (preferably in a dense urban area). You don't want to buy rural because of the taxes. You want to buy urban because of commercial real estate potential
4. As TRY continues to lose value, siphon small amounts from your USD to pay the interest of your TRY loan

over time you will profit like a king.

Yeah,right.That's a genius plan.I wonder why almost nobody is doing it and making millions. Grin

1.I don't think that exporting 100K USD outside of Turkey is legal,but I'm not sure.
2.No bank is going to give you loan,knowing that you might get out with the money into a foreign country.
3.The banks usually want collaterals that are bigger than the amount you want to borrow.120%-130%
4.There are some fees,when applying for a loan.You would also need to provide a business plan for the loan.
5.At some point,the Turkish central bank will raise the interest rates.All the banks in Turkey will also raise the interest rates.Good luck with paying off a loan,that has a big interest rate.
6.I don't get it.You want to convert the Turkish lira into USD before you export the money outside Turkey or after you export the money? Grin

Poker Player

legendary

Activity: 1372

Merit: 2017

My way of investing does not change because of the situation in the world. It is a simple way: save, invest by doing DCA and forget about the macroeconomic situation. It is a strategy that has been working for many decades, and, although this does not guarantee that the same thing will happen in the future, I have no rational argument to think otherwise. The OP is looking for some strategy similar to playing roulette and winning, I'll pass on that.

adaseb

legendary

Activity: 3808

Merit: 1723

The way the markets are these days. What you think should happen means that usually the opposite will happen.

Remember last covid crash. People were expecting the last ATH of the stock indices to get tested. They said the stock markets will get hammered. And what happened instead? The biggest stock market rally we have ever seen.

Look at price of oil now. It’s at $100 and was $135 last week and before invasion was like $97. The entire move corrected itself. Tons of traders are now holding losing long positions from $120 and up.

It’s not that easy to profit off of anything these days.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: Yaunfitda on March 14, 2022, 04:07:11 PM

Quote from: 325btc on March 14, 2022, 02:19:25 PM

We know markets will crash and huge deflation...and economy will melt down....but is there any good ways make good profit out of this chaos? Other then just betting on short positions ? Any other ways to benefit of this global crashes and bankcrypcies around the world?
Right now we know we can do a lot shorting the market but what else gives nice profit ?

I guess there is no secret sauce here, just continue to invest on cryptos, real state, gold and other commodities.

Short positions is for those who knows how to play the market, but if you are looking for quick flip in war or in inflation, I don't think there is one. Still the old and traditional financial markets are the best way to hedge and make profits long term.

Because traditional assets have proven their worth time and time again. Crypto is still very new and the high volatility factor is one major consideration of many why they are not very confident on this market. Also, not many people can tolerate this market, so some of them are opting to go for tangible assets, which they are very familiar of. Maybe, just invest on what you think you are confident with and you think is better for your hard-earned money. You are the one responsible for your financial needs so you have the last say when it comes to this financial decision.

g-uid

member

Activity: 259

Merit: 18

Quote from: 325btc on March 14, 2022, 02:19:25 PM

We know markets will crash and huge deflation...and economy will melt down....but is there any good ways make good profit out of this chaos? Other then just betting on short positions ? Any other ways to benefit of this global crashes and bankcrypcies around the world?
Right now we know we can do a lot shorting the market but what else gives nice profit ?

Let's say you have $100,000USD and you're dealing with a currency that is rapidly losing its value versus the USD, in this case take TRY.

You're a soothsayer and know that TRY is going to hell in a hand basket, so here's one way to profit:

1. Take a loan for the equivalent of $100,000USD in TRY; use your USD as proof that you can pay the loan in a heartbeat
2. Once you have the loan, push your $100,000USD out of the country. Leaving it in the same country as TRY makes it subject to forfeiture and forced conversion that is inevitable in order to protect TRY
3. Use the loaned TRY to buy real estate (preferably in a dense urban area). You don't want to buy rural because of the taxes. You want to buy urban because of commercial real estate potential
4. As TRY continues to lose value, siphon small amounts from your USD to pay the interest of your TRY loan

over time you will profit like a king.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: 325btc on March 14, 2022, 02:19:25 PM

Other then just betting on short positions ? Any other ways to benefit of this global crashes and bankcrypcies around the world?

You will keep investing in cryptocurrency in a nice coin because after the crash then the market will rise again. The crashing now does not mean that the price will stay down forever and bear is good time for more accumulation.

Quote from: 325btc on March 14, 2022, 02:19:25 PM

Right now we know we can do a lot shorting the market but what else gives nice profit ?

Buying of land is one sure investment apart from cryptocurrency. Land has appreciation value and it keeps making appreciative profit while it is used for whatever purpose.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: 325btc on March 14, 2022, 02:19:25 PM

We know markets will crash and huge deflation...and economy will melt down....but is there any good ways make good profit out of this chaos? Other then just betting on short positions ? Any other ways to benefit of this global crashes and bankcrypcies around the world?
Right now we know we can do a lot shorting the market but what else gives nice profit ?

I guess there is no secret sauce here, just continue to invest on cryptos, real state, gold and other commodities.

Short positions is for those who knows how to play the market, but if you are looking for quick flip in war or in inflation, I don't think there is one. Still the old and traditional financial markets are the best way to hedge and make profits long term.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: 325btc on March 14, 2022, 02:19:25 PM

We know markets will crash and huge deflation...and economy will melt down...

Do you mean to say inflation instead?

Quote from: 325btc on March 14, 2022, 02:19:25 PM

but is there any good ways make good profit out of this chaos? Other then just betting on short positions ? Any other ways to benefit of this global crashes and bankcrypcies around the world?
Right now we know we can do a lot shorting the market but what else gives nice profit ?

Make a lot of source of income from different businesses and investments that you have. And another one, if you're employed, don't leave your job so that you have a secured and expected money to come in every 15 days or monthly or weekly while working with those businesses that you have.

325btc

jr. member

Activity: 224

Merit: 5

We know markets will crash and huge deflation...and economy will melt down....but is there any good ways make good profit out of this chaos? Other then just betting on short positions ? Any other ways to benefit of this global crashes and bankcrypcies around the world?
Right now we know we can do a lot shorting the market but what else gives nice profit ?

Topic: Coming economic problems all world how to profit - page 2. (Read 312 times)