The past month a lot has happened as I stated before stocks are going down, real estate prices go up. Mortgages interest (general interest) go up. People losing their jobs not only in the U.S but also here in the Netherlands. Hospitals are closing here. HOSPITALS people are sick today not tomorrow, how on earth can multiple hospitals go bankruptcy its crazy.
What are you talking about?
i was under impression that netherlands have state backed health care, correct me if I am worng here.
Also why should goverment bail out those who invested in crasihing stocks?
This is your own decision, you should have pulled out and you still can, there havent been big crash yet.
Stocks were already coughing out from being over bought anyway, so I am not surprised about that. Economic crash in 2019, is something that has been said for a very long time, but really, I still do not so much believe that it is something that we will get to see happen globally, and even if it manages to happen in most parts of the world, it is not a new thing and the one that ended in 2008 which was the last one, was what really gave birth to the crypto space, probably now, people will get to see the advantage of the crypto space eventually.
We must know that the economy can be considered to be manipulative, but it is precisely because the financial crisis is unpredictable. When it comes, it is like a demon that swallows hundreds of billions of dollars.
Financial crisis is unpredictable but you know also that it is avoidable. Through the correct management of the government in their economy. It would be difficult if the economy is in crisis, so avoiding the crisis is the best way not to experience another kind of it.
We can't avoid that if a certain country has a conflict with their economy, so in order to minimize the situation the financial system of the economy should be resolved. Economic crash will likely to happen when the government has no legal actions to those who contribute to the devastating effect. With 2019, we're not going to see that as long as crypto demand will increase faster and many projects will be successful.
Asides legal action, economic crash is something that tends to happen with bad economic policies, bad governance, corruption and every other thing you practically can just name as the case may be. One thing for this whole thing is that if economic crash peradventure happens, that just even makes the whole cryptocurrency space a lot more interesting eventually, considering that a lot of people and investors all over the world will be looking for a safe haven and with the way the crypto space is going, I won't be surprised to see it being one of the safe havens that will boom during this period if it manages to happen.
