Do you believe history repeat itself? Economic wise. - page 2.

AndySt

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Quote from: SquallLeonhart on April 26, 2021, 08:58:49 AM

Selective repeating of history? Then everyone will be going for what are favorable to them by skipping all others.
History will repeat in bitcoin ecosystem once in every four years as bitcoin halving is happening once in four years. So after the halving, we will have strong bull run and that will lead to bubble at same point of time which eventually lead to bear market following that.
So, history will repeat like this for every four years in bitcoin ecosystem regardless of we are all preferring it or not. Hopefully this time bear market may not last for longer as there are considerable adoption of bitcoin is happening everywhere so instead of longer bear markets, we may have sideways to be happening for more months than usual.

That is, do you expect that after such a rapid growth, we will again face the so-called crypto winter, when the bears will bring down the market with their actions and again reduce all these indicators and we will return to our original positions before the next halving? I also agree that there is a very large correlation between the halving of bitcoin and the behavior of the exchange rate price, but I still think and hope that it is the expansion of the base of owners of bitcoin and other cryptocurrencies that now plays a more significant role than halving and therefore there will not be a strong crash and more stable correction scenarios. Well, then we'll see what happens after the next halving.

South Park

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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.

Another crisis is without a doubt looming over the horizon, all of those that thought that with the pandemic being on its way out things were going to improve are deeply mistaken, the issue is how big the next crisis is going to be, is it going to be as bad as the one that we saw during 2007? is it going to be even worse? Or is the next crisis the one that is going to put the current economic system in check? There is no way to know that and we have no option but to wait and see but even if I hope for the best I am preparing for the worst and keeping my bitcoin in the case something terrible happen.

skarais

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Quote from: SquallLeonhart on April 26, 2021, 08:58:49 AM

So, history will repeat like this for every four years in bitcoin ecosystem regardless of we are all preferring it or not. Hopefully this time bear market may not last for longer as there are considerable adoption of bitcoin is happening everywhere so instead of longer bear markets, we may have sideways to be happening for more months than usual.

You're right, I've watched the cycle and maybe it didn't happen by accident. That 4 year cycle has sparked the market for bullish and bearish changes, while increased adoption will serve as a shield for us to see bitcoin will continue to exist for a long time. While we never expected a bearish to happen, it is unlikely as bitcoin has been gaining ground on a large scale for at least 6 month so far. We will definitely see history repeat itself the way we want ATH's history to reshape in 2020.

dimonstration

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If it was up to me, I would prefer only one side of history to repeat itself i.e the bull run side of history while the bear side (talking about 2018 kind of bear market) should not be repeated Cheesy

But unfortunately that's not possible, history does reoccur but I dont know how often that happens, but if this will happen in this period I guess we will expect a long bear market again.

History repeats itself with different occurences or status, the market might experience bear season at different price range and maybe by these time we already have enough savings that been saved and learned what to do during the season. The market have a cycle of when to buy and sell and ups and down. We just need to be patient and know what to do when these events happen. Never fomo and stick with our plan.

beerlover

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Yes I think history repeat itself especially in this economy. To be honest I am comparing the current year of 2021 to year 2017 when BTC price also fly to the moon. It almost reach $20K during that time but no it didn't happen. Instead, it goes down and recover after 4 years. I am afraid (sounds funny I guess) that after this years' pump, price will go down too and we will have to wait again for a couple of years for BTC price to recover.
Inflation. It is a common thing in our country because it happens again and again. Sad but this pandemic make it more worst. Everything is so expensive. I hope someday I will notice the repetitive reduction of prices in food, oil, and other majority expenses.

It is not even about crypto anymore, it is about all of economy. The economy gets to a ruin once a decade and as long as things are not properly taxed and regulated for the top wealthy people and companies it is going to keep happening again and again.

We are talking about trillions of dollars all around the world goes missing because super wealthy declines to pay it, and they try to find loopholes around paying taxes which comes down to poor and middle class to end up paying because they can't run away from it.

When that economical collapse happens that means bitcoin goes up as well, that is what keeps bitcoin going, regular fiat going down will end up becoming horrible as well. I am not saying we should be focusing on fiat economy, but that just goes hand in hand with crypto, fiat goes down means bitcoin goes up and when fiat is strong that doesn't help crypto.

SquallLeonhart

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If it was up to me, I would prefer only one side of history to repeat itself i.e the bull run side of history while the bear side (talking about 2018 kind of bear market) should not be repeated Cheesy

But unfortunately that's not possible, history does reoccur but I dont know how often that happens, but if this will happen in this period I guess we will expect a long bear market again.

Selective repeating of history? Then everyone will be going for what are favorable to them by skipping all others.
History will repeat in bitcoin ecosystem once in every four years as bitcoin halving is happening once in four years. So after the halving, we will have strong bull run and that will lead to bubble at same point of time which eventually lead to bear market following that.

So, history will repeat like this for every four years in bitcoin ecosystem regardless of we are all preferring it or not. Hopefully this time bear market may not last for longer as there are considerable adoption of bitcoin is happening everywhere so instead of longer bear markets, we may have sideways to be happening for more months than usual.

Obito

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Quote from: ?? on ??

If it was up to me, I would prefer only one side of history to repeat itself i.e the bull run side of history while the bear side (talking about 2018 kind of bear market) should not be repeated Cheesy

But unfortunately that's not possible, history does reoccur but I dont know how often that happens, but if this will happen in this period I guess we will expect a long bear market again.

As if that can happen without any consequences and cause, there are underlying causes to it so I wouldn't necessarily say that it will be for the better if the bull run from the past were to happen at the present. It will happen but there is going to be a lot of things that will be different. If people continues with the same thing then probably we will repeat history for the worse.

Xinarae*

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History repeats itself by repeating the events of the past and people keep pace with the present. No one wants to give up power is like honey the fly's legs get stuck there so the same thing happened again and again in history the lesson of history is that no one learns from history says power is not eternal no ruler in this world is in power forever people do not want to relinquish power but they have to relinquish it. But the rulers repeatedly forgot that the lesson of history is that people need to know history to know the lessons of the past.

AndySt

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History repeats itself always in the same way. There is nothing we can do about inflation, banks continue to print money, and according to some forecasts this should have gotten out of control, but it looks like they are still holding on. Given the rise in prices, there is a need to earn more, this is the only thing I see in all this. It is impossible to avoid this, it is good that we have a crypto market and a blockchain.

Everything is not so clear. We can safely cancel inflation, but the whole question is whether this is necessary. The market itself is cyclical and repeatable, so crises and ups are already inherent in its nature. Therefore, central banks can print extra money not just on a whim, causing inflation by their actions, but in order to stimulate the economy and seemingly cancel the crisis. Another question is that it works worse and worse every time and is more and more unpredictable.

dezoel

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Unfortunately yes. There is no rules that stop the past from happening again, that is the problem. Look at companies, they never learned anything from 2008 and as soon as a crisis hits they are gone again and require hundreds of billions of dollars to stay afloat once again, that is not acceptable.

I think there should be a fund, a fund held by government where corporations who would like to get a bail out money in the future should pay towards. If you are a company that needs bail out money, you should have provided money to that fund, if you declined and didn't, then you can't get bail out money neither. Basically a simple insurance thing. You can't just have corporations keep failing once a decade and then you end up being like "please give me money" to government, that is just not cool anymore, they have to figure out a way to not have that anymore or pay a fund like IMF for example.

Lorence.xD

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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.

wxa7115

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Quote from: Kakmakr on April 21, 2021, 01:51:33 PM

Yes, history will repeat itself and people will not learn from the mistakes that were made in the past. Why have we seen several bubbles in the past.... Answer : Because people are greedy and they are constantly chasing the latest craze. (It can be property / Stocks / Shares / Shitcoins...)

Inflation will remain a headache, because governments are trying to print themselves out of trouble. They should have pumped that stimulus money into job creation and manufacturing... not into people's pockets. Angry

It is always the same story, the details change but the overall picture is the same, once we go the path of fiat currencies there is no escaping a complete collapse of the economic system, the issue is that in the past only a few countries were using such model and the crash could be contained somehow.

But now all currencies around the world are fiat which means that when a collapse happens there will be nowhere to run for as all countries go through the exact same thing and people suffer because of all their wealth is being erased right in front of their eyes.

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Quote from: blckhawk on April 10, 2021, 07:29:58 AM

I wouldn't call it gambling because trading crypto or stock is not just about luck like gambling, sure sometimes it does need luck but most of the time it needs analysis and such to mitigate the risk. It would only be gambling if you trading without any knowledge because you are trading in a volatile market and entering without any experience induce risk. Regarding to inflation, yes it is possible for history to repeat itself, in fact, commodities are now gradually increasing, it is too little to be realized but yes it is about to happen sooner.

I can't be agreeing with this anymore, I feel like there are some people who make trading sounds like they are risking everything they got when they are trading and that is not the case if they are trading knowing what they are doing. Unfortunately they are sort of right on current market because I have seen a lot of people that end up not making any sense with their trading and when they become so many that we actually have a market with some crypto are going up or down like it is crazy without any sense, why? Because it is these people who confuse trading with gambling that end up buying and selling those coins.

I have seen a lot of people who ended up not really making any sense at all with their trades, I have seen many people who buy a coin because others bought it, that is not really a reason, but I have seen those people make a profit as well, so it drives me crazy but unfortunately we are at a level where trading became gambling for some people.

Kakmakr

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Yes, history will repeat itself and people will not learn from the mistakes that were made in the past. Why have we seen several bubbles in the past.... Answer : Because people are greedy and they are constantly chasing the latest craze. (It can be property / Stocks / Shares / Shitcoins...)

Inflation will remain a headache, because governments are trying to print themselves out of trouble. They should have pumped that stimulus money into job creation and manufacturing... not into people's pockets. Angry

noorammak

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We cannot change the laws of the economy. We can only explore them and find ways to benefit from the economy in the new situation. Finding ways to increase income with a variety of jobs or to be good at speculative wealth transfers for trading income is the best learning we can take.
It is because of the thoughtless conservatism to find new things that have made the previous generation poor. We have the internet, we can use it to get more information and more income.

sapnu

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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.

As long as greed exists, this kind of cycle will never end. Equality will never be achieved no matter what, there will always be someone who would stay on the top as they make use and abuse those who are below them. History is not repeating itself because what happened before never changed up until now. No desperate man can ever end this kind of system, he will be outnumbered each time. It is still survival of the fittest ever since so if you really want to survive, build yourself as a predator, not a prey. No one will escape this chaos, you can only become capable of getting through with it till the end of your life.

mezzaluna

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This situation is greatly because of the pending pandemic in most countries. The need of this countries are not just instantly remedied and this is why the market in most countries are expensive. The lack of utilization of the resources present in a country would only result in poor economical status because its being wasted as time passes by. This Pandemic also showed that the lack of proper community within a country can heavily damage the necessary needs of the countrymen specially when it comes to help being needed at different locations. Maybe this is a kind of economical reset for some countries.

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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.

That's not to mention the skyrocketing real estate prices in my hometown. During the devaluation from VND 19,… just like inflation, people are put at risk and put pain on high-interest credit loans from banks. It is bringing everything to a dead end. So bitcoin's struggle makes a lot of sense. covid 19 still has variations and it will continue to wreak havoc. I think this is still going on and imagine the bad thing happening next.

Ebede

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History is like technology, technology is something that can be rebrand everytime with fresh thinking and understanding, using 1992 car product and television made since 1992 as a case study or reference, with the wisdom applied to cars now is not equivalent to the initial wisdom applied now, despite that from initial is the made up creativity but the cars and television's manufactured now is more quality and designed than the previous once, why its in such form is because of legacy and legacy is the beginning of history people narrate today, so history can never die, impacting knowledge from one to another is history. so I rest my case for the little scenario I drop here as my personal opinion.

LUCKMCFLY

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Quote from: int03h on April 16, 2021, 12:51:06 PM

Quote from: LUCKMCFLY on April 16, 2021, 11:27:52 AM

It should be noted that the world since 2020 has gone through Fundamental stages that had not been lived radically, Covid-19 has partially stopped the world, and some economic processes of all kinds have been affected, many speak of falls of the global economy, that it is best to shelter the money in Gold, Bitcoin, Real Estate, for now I think that we are experiencing new things, it is very difficult for economic patterns to repeat themselves, they are totally new events.

Maybe my thinking is negative and I think that Covid-19 is also a man intentionally created for self-seeking. Capitalism is known for its manipulation of exploiting people to the extreme. They will do everything to make a profit for themselves.
Covid-19 is a way to force countries' economies to go bankrupt. And it is the fastest way to create the world's opportunity to collect property for a good price. The S&P500's ATH has been achieved quickly in 2020 and it certainly won't have a lower bottom. This may not seem random at all.

Yes, it certainly enters a point of very good hypothesis, China for its part was the first country to get out of this crisis, so in the Stock Market they were the first to buy when the pandemic spread in the world, they took advantage of the movements of panic on the part of investors.

China was on the verge of economic collapse, in fact, it made a lot of war on the launch of Facebook's Libra, I think they were afraid of the impact that the stablecoin was identical to Facebook's, although the virus was genetically manipulated by the human willing or accidentally, has currently mutated and developed strains that are deadly, which means that it is still taking lives despite vaccines, this means that at any moment the markets can panic again and it is the Time to buy, Bitcoin is one of the possible markets that may eventually panic, and now more so, which is in new ATHs.

Topic: Do you believe history repeat itself? Economic wise. - page 2. (Read 778 times)