Do you believe history repeat itself? Economic wise.

perfect999

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Quote from: SaiyanSS3 on April 09, 2021, 11:55:31 AM

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

What I am afraid that people get stuck is that "history WILL repeat itself" is something people think about and that is scary. There is of course a "chance" that history can repeat itself but just because it "may" doesn't mean that it will.

This is why I feel like people should be more careful about what is going to happen. If you think that for example 2017 was high and 2018 was low, so by that logic we had 2020 high and most of 2021 high as well, if it stay low like this will we call 2021 low? I mean for 5 months it was high. So it is not always the same, but obviously what goes up eventually goes down and what goes down eventually goes up, that is not going to change because it is literally the only directions left. So long story short do not consider past as a path, but consider it as a lesson and learn what could happen and not what will happen.

imstillthebest

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Quote from: Vatimins on June 01, 2021, 06:13:53 AM

History can repeat itself, yes, may not be entirely but can still do partly. And the sad thing about this is that even if some moments or some similar scenarios have already repeated themselves quite a lot, most of us still cannot figure out what to do or never learn from experience. Quite sad but that's just how it is every time even with all the clues and hints that are present around us we choose to ignore and follow the crowd instead and end up making the same wrong decisions while also taking the same wrong paths. When this will all change, only time can tell.

if they cant learn from their past mistake they dont wanna change thier lives but they should not have the guts to complain and blame the person that caused their misery in their life .
history will repeat and we need to watch this out as early as possible and do the apropriate actions if only we want difference.

Mpamaegbu

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Quote from: SaiyanSS3 on April 09, 2021, 11:55:31 AM

Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

At some point this will definitely be the reality of the human race. As population grows, there is bound to be food shortage. Shortage will increase scarcity, expectedly. And scarcity will highten demand and this invariably will kick price up. However, those that will be majorly hit are going to be those with fixed earnings. Their salaries/earnings remain stagnant losing its value as prices of goods and services skyrocket out of their reach. Those in business will nothwithstanding sell according to how they bought, except if they foolishly fail to utilize their business training.

Quote from: SaiyanSS3 on April 09, 2021, 11:55:31 AM

...the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

This isn't true. Those with investment acumen, especially those investing in Bitcoin and other cryptos won't be caught in this. A $2,000 invested in Bitcoin today will yield more in the future while the $2,000 not invested will have lost its value. So, it's advisable to put your investment in Bitcoin. It's inflation resistant.

cabron

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Quote from: Vatimins on June 01, 2021, 06:13:53 AM

History can repeat itself, yes, may not be entirely but can still do partly. And the sad thing about this is that even if some moments or some similar scenarios have already repeated themselves quite a lot, most of us still cannot figure out what to do or never learn from experience. Quite sad but that's just how it is every time even with all the clues and hints that are present around us we choose to ignore and follow the crowd instead and end up making the same wrong decisions while also taking the same wrong paths. When this will all change, only time can tell.

Economic crisis happens from time to time the government just find ways not to let people go worried about it. It happened back in 1920 and then happen again in the 70s where the fiat was introduced. The USD just becomes USD not backed by gold but only just a promise that it has a value declared by the government. They were hoping they could fix it in the 2008 crisis and now its back hunting them.

Some say that we might just go back to the gold standards this time. Well, the Chinese have more gold this time but will the US allow the Chinese to govern?

Vatimins

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History can repeat itself, yes, may not be entirely but can still do partly. And the sad thing about this is that even if some moments or some similar scenarios have already repeated themselves quite a lot, most of us still cannot figure out what to do or never learn from experience. Quite sad but that's just how it is every time even with all the clues and hints that are present around us we choose to ignore and follow the crowd instead and end up making the same wrong decisions while also taking the same wrong paths. When this will all change, only time can tell.

ilovealtcoins

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The recession has been predicted since 2018 when it has been more than 10 years since the 2008 recession. The emergence of the Coronavirus has dragged down the world economy according to the scenario that everyone predicted for the 10th cycle. year. I think economic downturns are pretty predictable and we must be prepared so we don't get hit hard if they happen.

Argoo

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Quote from: (o)(o)ilikeboobs(o)(o) on May 06, 2021, 10:23:45 AM

Markets are not entirely repeatable, but they do have things in common. I think that the law of pumping and pouring in the economy happens in every industry and every economy. So understanding the laws of economics is how we overcome adversity and profit from it.
We had the pound money market crash in the 1980s-1990s, the stock market crash, the real estate crash of 2008, and the oil market crash. the year 2020. In fact, in every major recession, a generation of billionaires is lost and a new generation is born. It is the result of grasping and manipulating economic laws.

Inflation in the economy has always been, is and will be. It plays both a negative and a positive role in the development of each country. For centuries, they talk about inflation, scare it and warn about the rapid collapse of the economy, but everything continues to work and develop. Therefore, nothing significant will happen at this time either. From time to time, problems in the economy of the state aggravate before the crisis, but then there is a renewal and further development. This cycle is indeed repeating itself.

(o)(o)ilikeboobs(o)(o)

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Markets are not entirely repeatable, but they do have things in common. I think that the law of pumping and pouring in the economy happens in every industry and every economy. So understanding the laws of economics is how we overcome adversity and profit from it.
We had the pound money market crash in the 1980s-1990s, the stock market crash, the real estate crash of 2008, and the oil market crash. the year 2020. In fact, in every major recession, a generation of billionaires is lost and a new generation is born. It is the result of grasping and manipulating economic laws.

dezoel

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Quote from: ShowOff on April 30, 2021, 04:17:17 PM

The price of bitcoin continues to fluctuate according to market activity and due to this nature it is possible to see its history repeat itself. ATH 2021 is new history in bitcoin and maybe we really want to repeat that history in the future. If you pay attention to the price of bitcoin after the halving, then you will know that bitcoin will go up to form a new ATH. I think this is history that keeps repeating itself over a four year cycle. So I am assuming that we will see history repeating itself whether it goes up or down. Also the entry of institutional investor into bitcoin is a history to remember. The point is, both economically I think history will repeat itself and an economic crisis will occur whenever countries fail to contain it.

I guess wasn't it obvious that everything would go up? We are talking about just one drop and everyone got into panic mode again but that happened literally 3 or 4 times in the past 8 months, that should be example enough to know what's wrong with people.

When we failed to go over 20k people assumed it would crash, it didn't, when it dropped from 30k+ levels to 29k levels people said it will crash, it didn't, people said when it went from 58k to 43k it will crash, it didn't and now it went from 64k to 49k and everyone was like it is end of the bull run and we will see under 20k, well guess what? It didn't, that is why I think it is obvious that we should not care about these people, they are just making stuff up and expecting us to believe what they say is true, fortunately they are quite wrong. Bitcoin is still doing incredibly well and it will continue to do so unless some major bad news comes up.

wahyu wida

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Quote from: ShowOff on April 30, 2021, 04:17:17 PM

The price of bitcoin continues to fluctuate according to market activity and due to this nature it is possible to see its history repeat itself. ATH 2021 is new history in bitcoin and maybe we really want to repeat that history in the future. If you pay attention to the price of bitcoin after the halving, then you will know that bitcoin will go up to form a new ATH. I think this is history that keeps repeating itself over a four year cycle. So I am assuming that we will see history repeating itself whether it goes up or down. Also the entry of institutional investor into bitcoin is a history to remember. The point is, both economically I think history will repeat itself and an economic crisis will occur whenever countries fail to contain it.

right, the annual cycle might repeat itself, like at this time where previously bitcoin had dropped to $ 3500 until now forming a new ATH, and after this it could happen that the price of bitcoin will experience a correction, before it will form a new ATH again, but nothing will happen. know now what will happen later

ShowOff

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The price of bitcoin continues to fluctuate according to market activity and due to this nature it is possible to see its history repeat itself. ATH 2021 is new history in bitcoin and maybe we really want to repeat that history in the future. If you pay attention to the price of bitcoin after the halving, then you will know that bitcoin will go up to form a new ATH. I think this is history that keeps repeating itself over a four year cycle. So I am assuming that we will see history repeating itself whether it goes up or down. Also the entry of institutional investor into bitcoin is a history to remember. The point is, both economically I think history will repeat itself and an economic crisis will occur whenever countries fail to contain it.

South Park

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Quote from: acener on April 28, 2021, 05:19:33 AM

Well at some point I do but sometimes I also doubt it would repeat itself.
There are instance or events that I do believe that would be repeated in the future,
For example people are angry about corrupt government official but surely in the next batch of government official there would still be some corrupt who would be elected.

History repeats itself because they are unaware of their own history, some aspects can change but the root of the problem is the same, the most important economic crises around the world have always happened when governments try to cheat their population with subpar currencies, this is nothing really new, the first instance of hyperinflation happened in Greece as the government began to mix copper with their gold to create more coins, does it sound familiar? This is the concept we call inflation and it has been around with us for a long time, now the process is different but the end result is the same as governments keep printing money to try to get out of their problems.

tyz

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Not in the same way but very similar, so my answer is yes. Capitalism is the dominant form of economy in the world and it lives on cycles that repeat themselves again and again. Not in the same way, but predictably similar.

wxa7115

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Quote from: Lorence.xD on April 24, 2021, 08:08:01 AM

If people continues to ignore what happened in the past and didn't learn a thing or two about it and how can they prevent the same thing from happening then probably we are going to repeat history itself. Continuous ignorance will be the demise of our species as a human.

I do not really think this can be attributed to ignorance anymore, this is by design, the economy has been designed on purpose to go on cycles of boom and bust, after all if you control when those cycles happen this can be more profitable than a system that is stable for decades.

Now this may seem to be too difficult to believe but if people like us understand that fiat currencies do this then why some of the most powerful people around the world are unaware of this? Are we supposed to think they are that dumb? This is disingenuous, they know very well what they are doing and they will keep at it until people wake up to this fact.

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Quote from: Hughes_Ryan on April 28, 2021, 07:07:56 AM

Quote

If this pandemic occur from nothing to something then there's also a possibility that more pandemic will hit us sooner or later.

If we have a little bit of faith in spirituality. It is something very frightening and the scope of belief will be the way we fight it. Just searching, Abhigya Anand, this boy named prophetic prodigy somehow predicted the day of the 19 covid pandemic almost accurately. I was stunned to accidentally glide over it. It happened and made the world flutter. It is the one that has driven bitcoin to date. History is difficult to repeat if we do not take precautions and solutions. floods, natural disasters and forest fires are repeated every year. That's the reason, and it was ...

I have read that this magical boy from India, besides being good at predicting, he is also good at metaphysics and is an expert in solar systems in his own way of explaining it. it was unexpected that most of what he said was true. maybe covid won't come back, but the pandemic will come back again

Snappycoco

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History really repeats itself. In 1720, the Great Plague emerged at Marseille, France killing 1M+ people. After another 100 yrs, Cholera Pandemic happened back on 1820's followed by Spanish Flu on 1920's. These pandemics economically effect the globe just like as we are experiencing and probably much worse.

Hughes_Ryan

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Quote

If this pandemic occur from nothing to something then there's also a possibility that more pandemic will hit us sooner or later.

If we have a little bit of faith in spirituality. It is something very frightening and the scope of belief will be the way we fight it. Just searching, Abhigya Anand, this boy named prophetic prodigy somehow predicted the day of the 19 covid pandemic almost accurately. I was stunned to accidentally glide over it. It happened and made the world flutter. It is the one that has driven bitcoin to date. History is difficult to repeat if we do not take precautions and solutions. floods, natural disasters and forest fires are repeated every year. That's the reason, and it was ...

acener

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Well at some point I do but sometimes I also doubt it would repeat itself.
There are instance or events that I do believe that would be repeated in the future,
For example people are angry about corrupt government official but surely in the next batch of government official there would still be some corrupt who would be elected.

Kittygalore

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If we do the same shit and just labeled it differently, I am sure that we will be arriving at the same result as when it first happened, look at the current pandemic as an example, people are stupid enough to create gatherings that will cause the infection to reach more people back, this is what happened back in the era of Spanish flu and look at what we did.

dimox

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people will face new experience in life, and people dont know when it happen. struggle in economy is common problem for many people, some of them can anticipate it, and the other just roll follow the wind. the best thing is prepare for the future, and yes, there are many people survive from chaos because of preparation.
history can repeat it, if people try hard to make it happen.

Topic: Do you believe history repeat itself? Economic wise. (Read 778 times)