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Topic: Do you believe history repeat itself? Economic wise. - page 3. (Read 778 times)

hero member
Activity: 2702
Merit: 704
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.
When it comes to fiat currencies history always repeats itself, the people change, the era changes but the results are always the same, which is why it should be obvious that the system is specifically designed to steal your wealth, after all it is impossible to think that politicians are so dumb, it is simply impossible this could be the case since they know that the best way to tax their populations is with the inflation tax because otherwise people can escape all the other taxes.

The problem with this is that eventually the velocity of money increases to the point in which no one wants to hold their currencies for long and that is when they begin to pass laws to protect their currencies but this always fails as well.
sr. member
Activity: 700
Merit: 251
Well in my country, inflation is not an issue yet. I mean, it's not big enough, or that my country is being under hyperinflation until we need to worry. Although of course, the economic situation is still unstable, but although the price is getting high, it's still under the control.
I guess it's not that history repeat itself, but we're currently in the pandemic, and it's been very long since the last time the world experienced pandemic, so it's understandable that we're not ready for it, and thus the economy is shaking. We just need time to heal, and i guess overtime it will be a lot better, as long as the vaccination run well, we might be able to end the pandemic soon and become normal again.
full member
Activity: 532
Merit: 104
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.
legendary
Activity: 2450
Merit: 1855
Leading Crypto Sports Betting & Casino Platform
History does not repeat completely, but it rhymes. Each cycle is made up of increases and decreases in price. Every time we see all the assets and materials necessary for our lives increase in value. It's a popular bottom lift trick. For many years, economic planners assumed that the government was generating more money and that it only benefits a group of people in society. The rich are getting richer and the poor are poor than before.
We have seen that economic recessions happen every 10 years and it's easy to predict them. With a little carefulness and care, we will get through that cycle of recession.

In a certain way the cycles or patterns are repeated according to the type of circumstances, one of the ways that I can classify is through Wyckoff's theory, since the Accumulation Stage is named, and the Distribution Stage, in every market it is They produce bullish trend stages and bearish trend stage, the different classifications are that they can be sub-stages such as re-accumulation, redistribution, but in a general sense I think it can be classified that way in economic terms.

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.
full member
Activity: 532
Merit: 104
History does not repeat completely, but it rhymes. Each cycle is made up of increases and decreases in price. Every time we see all the assets and materials necessary for our lives increase in value. It's a popular bottom lift trick. For many years, economic planners assumed that the government was generating more money and that it only benefits a group of people in society. The rich are getting richer and the poor are poor than before.
We have seen that economic recessions happen every 10 years and it's easy to predict them. With a little carefulness and care, we will get through that cycle of recession.
full member
Activity: 1526
Merit: 111
Pepemo.vip
I don't think the impact of inflation is as bad as you say. indeed inflation often occurs, but everyone can manage their living needs by choosing the most needed to come first. and along with the increase in inflation, we can see that the salary or wage is also getting higher
sr. member
Activity: 1876
Merit: 370
History doesn't repeat itself, it's just different people committing the same mistakes our predecessors did in the past. Panic selling is nothing new to us, or to our guys in the past, especially during the great depression and the stock market crash, but then again, you have people out there that know what they were doing who you can rely on fixing the mess these people did for them. There will always be those guys because that's the nature of us humans. To commit mistakes and help other people pick themselves up and recover.
member
Activity: 1358
Merit: 81
Totally true! If before the pandemic in my country we lived with inflation. Now inflation is out of control. When the cases of Covid19 multiply, we notice that prices are higher, especially food and medicines. I wish we could get out of the current crisis to feel a little more calm. Although I have noticed that when we cling to faith in God we come out of suffering faster. I am optimistic that soon we will get out of the virus or at least it will be less deadly is what I think because we will have gained immunity.
hero member
Activity: 2254
Merit: 870
I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.
The problem is in us, we let them do whatever they want. No one in the financial sector will ever face jail because of economical decline, inflation, etc but all will pay because of them.
And personally, I think that all of these things, inflation, etc, are more likely psychological factors and not only demand/supply. Btw the rule of this universe is that what goes around - comes around and rise and fall are just couples.

Btw there are countries that don't print money but depend on USD and USD is rising in such countries and local currencies are dying.
legendary
Activity: 2842
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
I know many people who sold their bitcoin by the middle of December 2017 (by the rates of ~$15k) and got chances to by back below $5k by one year later. They simply made 3x profits in terms of number of bitcoins they are holding. I do see they were making use of the lessons they learned in 2013/2014 and applied the same on 2017/2018.

Is this somehow similar to time travel or not?
I liked your perspective view of comparing the repeating of history into time travel. I can get the similarities in your way. Wherever repeating of history is happening or not but definitely it is happening in crypto space.

Because bitcoin is always having four years cycle which is consisting of one full year of bull run and next one year for falling down and then the third year for sideways and the fourth the year for recovering to previous ATH. This had happened so far 2 times which may not be the enough evidence that history is repeating in crypto space?
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
The inflation rate in my country increases annually. Food is likely to double every ten years and poor people cannot afford it. I do not know which country you live but I feel that you are quite pessimistic with your situation. On the other hand, in my country, once the government finally wiped out the pandemic, it seems that people do not even care about the inflation rate. They are happy and rejoice that they can continue their businesses without worrying about the next quarantine.

No matter when the next recession (whatever you want to call) occurs, I believe that each government has enough knowledge and experience to handle it even in the worst scenario. Even if they are not capable to do so, subsidies are available from developed countries, however, with double-edge consequences. After all, poor people and workers suffer the most.

hero member
Activity: 2268
Merit: 581
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.
This might not be the situation for every country, as long as the government knows the right thing to do and they work towards making it happen then it’s going to be a better situation for the country. This was the situation with my country where I am living after the coronavirus, although things now seems like it is getting better at this time around.

But, then the price of food was high and when you go to the market you will find it hard to buy things that you need , I hope that things starts getting better every day and not worse. There are lots of people in poverty this time around and a lot of people still lost their jobs, so it’s not easy.
sr. member
Activity: 2380
Merit: 454
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.

I think it depends on who governs the country. History might repeat itself whether be it on good term or the opposite depending on who leads. Here in our country, we are experiencing another turmoil because of failed leadership of the current administration, leading to another economic collapse which happened last year. We still haven't fully recovered from the decline last year due to pandemic, but here we are again, going through the same battle without gears.

In fact, this has happened years ago during the term of a president turned into a dictator. Our country hit the rock bottom during that dark era. Politics would absolutely always take part into the series of progress and decline of a country's economy. Hence, leadership would be the basis on whether or not the history recorded before would occur following the same pattern again. 

In addition, another reason aside from the leader of a specific country, some external factors would also play a role in the progress or recession. The market flow in central bank and the investors could play a great part in the movement of the country's economy mas well.
full member
Activity: 1708
Merit: 126
From where I'm at (PH), the situation is extremely bad to the point wherein the government needs to put the cities in strict community quarantines every so often, leaving people with no choice but to stay at home until further notice. The government aid too is also extremely bad, despite the government receiving hundreds of millions of dollars worth in donation, not to mention the loans that the government also took from banks. The economy is bad, prices of necessities are through the roof, and all they can think of as a solution is to put people into quarantines and not think of something that could give some air to the dying economy that we have.

Which reminds me of almost the same economic state that we've had 30 years ago. Sans the pandemic, the administration then was also so bad in handling things that the economy turned from worse to worst. From being one of the most promising countries in the Southeast Asia, we have descended into a bottomless pit of poverty, deception, and fraud from the people who are supposed to make things easy for everyone. Most of the mistakes of that administration is blatantly and obnoxiously being repeated today, causing a domino effect on the economy of the nation and also the well-being of the citizens.

For every bad beat in the economy, politics will always have a role to play. I'm not even surprised anymore that we're experiencing this again.

I must agree with you since we're just residing in the same country. The chaos here is getting worse not just because of the pandemic situation that we have but because of the bad governance of our leaders. Poor people are struggling because of the continuous lockdown and people can't work because of it yet inflation is getting higher. Rich people are getting richer here since they're taking advantage of the situation and poor people are getting poorer because the government can't provide or even help them survive this pandemic situation. It's now becoming an individual battle.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
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.
It isn't untold not because we did not focus on it. But it was untold because it was common. Impulsive people tend to find shortcuts alternative to keep or win. That’s why they try to risk it when it is not logical anymore.

These people are impulsive and don’t want to suffer. Well in fact all of the success requires a great amount of work, these people just don’t want to give a damn. And as a result, they go down more than they could have if they stayed on their grounds.

I guess we have the power to avoid the same experience if we learn how to be patient and focused. These are the things to make things run consistently. No hacks, no easy ways. This is the sacrifice we had to take in order to win.
full member
Activity: 564
Merit: 100
no one can escape this chaos.
I think you are wrong by saying no one can escape fiat based inflation. If you know the power in bitcoin holding, you will not say that. Also are some commodities like gold and silver. The price of these commodities and some strong cryptocurrencies can decrease, but over long term period, the price will increase. They are just one of the potential ways to avoid fiat inflation because there is one thing about fiat is that it can also increase and decrease, but over long term period, fiat always would have inflated through government manipulations and depreciate. Also, experienced traders are able to manipulate their ways in a way not to lose nor subjected to fiat inflation and depreciation.
I'm wondering whether it helps Bitcoin help you get rid of inflation? When an unstable economy will lead to increased bitcoin prices or decreases anytime. If you hold gold and silver, are stable? You are right to say that if it's now the price bitcoin, gold, silver decreases, after a while it will increase. But it is important to be happy and persistent and not fearful. Can you share some of the experiences to not lose and overcome inflation? Thank you for your opinion.
hero member
Activity: 2968
Merit: 913
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.

I don't know in which country do you live.In some countries,the situation is worse than others.
In my country the inflation is currently under control,even though the food prices are going up a little bit.
I don't think that the people are "gambling; their cash,while investing in stocks,crypto,commodity,etc..
Some people act like gamblers,that's why they eventually lose their money.Most of the investors aren't gamblers.
The economy is in a cycle,so it's quite normal to repeat itself from time to time.The problem is that this pandemic might break the cycle,so we don't know what will happen,after the pandemic ends.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
Many say the events of 2017 will not be repeated, because now Bitcoin is being bought by many institutions. I think the events of 2017 might happen again, but maybe it won't happen this year. So we really have to always be vigilant, because something bad sometimes comes suddenly.
If you notice 2017 is just the repeation of 2013 and 2018 is just another replica of 2014. There must be minor differences but the way bitcoin market appreciated and went down and rate of growth and percentage of falling down are almost similar. Yes, history repeats but not in exact but in major frame-work. If you are conscious enough then you can easily make good profits out of these history repeation as it is very much similar to time travelling.

I know many people who sold their bitcoin by the middle of December 2017 (by the rates of ~$15k) and got chances to by back below $5k by one year later. They simply made 3x profits in terms of number of bitcoins they are holding. I do see they were making use of the lessons they learned in 2013/2014 and applied the same on 2017/2018.

Is this somehow similar to time travel or not?
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag

History repeats itself and all the time. Decades ago, this economic crash had already happened in past.
The price of commodities rises and then government intervenes. With the existence of Bitcoin though, there could be slight differences in what will happen but in all sense, things are the same. Only the Bitcoin holders are going to suffer less for their money aren't affected the most but those who had no idea even the slightest what BTC is will sell their assets to survive.

full member
Activity: 868
Merit: 108
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.

I guess by gambling you mean they're riskying too much of their money in stock market, crypto, commodity, etc? 

Well, I think you could stop history from repeating itself by getting people to spend/invest wisely and be more productive. I would invest more in businesses led by talented, trustworthy people who are consistently profitable. They have to be good/safe businesses.

That's good, you need to put your money in danger in gambling, just put it safe and good and profitable investment, use your money wisely and your life will be better. Life is long time journey that we need to be wisely where we choose to go, choose the best one, which make you and your family happy by simple spending your money wisely.
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