Economic crisis its good | Bitcointalksearch.org

Myleschetty

member

Activity: 1155

Merit: 77

Quote from: Sir Legend on April 11, 2022, 01:00:07 AM

Economic crisis is a big problem that can create chaos and unrest, many countries change government due to economic crisis

Everybody knows the negative impact of the economic crisis on the world but it appears to be a surprise to me that the OP sees it as something good and from what you said it causes chaos and unrest that have led to emotional trauma for some people.

Quote from: Sir Legend on April 11, 2022, 01:00:07 AM

and in my opinion the government should do everything to prevent economic crisis, and usually the beginning of a crisis is rising inflation that makes people unable to meet basic needs.

We can't rely on the government to prevent economic crises when they are not ready to prevent them for they are not ready to stop printing more fiat currency.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: jaberwock on April 11, 2022, 05:18:24 PM

Quote from: 325btc on March 17, 2022, 09:11:37 AM

As things will become cheaper also good to create business as everybody will do cheaper work.
Central banks will hike rates no question it will create huge demand for money so lets not waste our money and use it to buy cheaper things.

Global things what u buying and selling will be more expensive.
Local things cheap cheap houses cheap local food cheap workers.

Real estate will get biggest hit in the world as all real estate is 80% bubble so 80% correction is asap as we all know this.

Seriously dude, which part of the world are you living? Because, here in my country I can tell you for sure that economic crisis is a really bad thing. Economic crisis can lead to unemployment and poverty. check countries that are having issues like this. And like you have said that local things get cheap, that is not the truth, even the local things you can get in that country are still going to be expensive, not to talk of the imported goods. The expenses you’re going to make on your daily feeding is going to be very high and the income you’re making may even reduced. So economic crisis is never a good thing.

I personally have experienced in my country experiencing a severe economic crisis, at that time many people suffered, and almost all areas of business experienced a slump, so it was very difficult to survive at that time. many property prices are dropping, but have no choice but to sell assets to survive. until finally there was an increase in the crime rate, and it spread to looting of shops. terrible thing to remember, because the necessities of life are difficult to meet. and even this time it began to appear that inflation was getting higher causing all prices to rise. there is nothing good from a crisis, except our mentality to survive

jaberwock

legendary

Activity: 2520

Merit: 1073

Quote from: 325btc on March 17, 2022, 09:11:37 AM

As things will become cheaper also good to create business as everybody will do cheaper work.
Central banks will hike rates no question it will create huge demand for money so lets not waste our money and use it to buy cheaper things.

Global things what u buying and selling will be more expensive.
Local things cheap cheap houses cheap local food cheap workers.

Real estate will get biggest hit in the world as all real estate is 80% bubble so 80% correction is asap as we all know this.

Seriously dude, which part of the world are you living? Because, here in my country I can tell you for sure that economic crisis is a really bad thing. Economic crisis can lead to unemployment and poverty. check countries that are having issues like this. And like you have said that local things get cheap, that is not the truth, even the local things you can get in that country are still going to be expensive, not to talk of the imported goods. The expenses you’re going to make on your daily feeding is going to be very high and the income you’re making may even reduced. So economic crisis is never a good thing.

Sir Legend

sr. member

Activity: 1792

Merit: 255

Economic crisis is a big problem that can create chaos and unrest, many countries change government due to economic crisis, and in my opinion the government should do everything to prevent economic crisis, and usually the beginning of a crisis is rising inflation that makes people unable to meet basic needs.

TheGreatPython

sr. member

Activity: 2450

Merit: 329

Quote from: LUCKMCFLY on April 08, 2022, 08:34:27 PM

Quote from: yohananaomi on April 02, 2022, 03:26:39 AM

Quote from: kamilah147 on March 26, 2022, 03:13:46 PM

it will reverse like you said. The economic crisis makes goods more expensive and life will be very miserable. When inflation occurs, all goods will soar, and that's where chaos occurs. There is nothing good about the economic crisis, because various crimes will also arise because the needs can no longer be met.

No matter where in the world no one wants their country to be hit by an economic crisis, because it clearly has an impact on increasing price stability and the movement of needs in the country cannot be controlled.

I agree with you, inflation will occur if the economic crisis cannot be controlled and what is feared is an increase in the price of necessities and people find it more difficult to shop and what is very worrying is the crime rate will also increase. so no one wants to experience an economic crisis and if someone says it is a good crisis of course for the distributor country.

Something must be mentioned, when Venezuela began its great crisis, economic and of all kinds, there was a great war with the food items, people fought and made long queues to buy oil, rice, among others, and now in France the same thing was presented, at that time when Venezuela was falling it was watched from all over the world, in fact they came to compare Venezuelans as if they were Indians, but what cannot be denied is that in the face of necessity it makes many people do not control themselves and react like animals, I hope that in Europe or any part of the world they do not have to go through what Venezuelans have gone through, hunger and need is something that is not good at all.

That’s the last thing that anyone would ever wish would happen to their country .Check the history of countries that have been through economic crisis they never remain the same .Their conditions always become very worst. So economic crisis has never been a good thing no matter how anyone tries to see or say about it. And like @Yohananaomi pointed out there is also going to be increase in the rate of crime whenever there is economic crisis.

I can tell you this is for sure because I have experienced such a thing during the pandemic lockdown when things got really hard and crime rate kind of increased in my country. But now that things has gotten back to normal, everywhere is calm again. So this is something that we all never wish to experience at all.

Dunamisx

hero member

Activity: 798

Merit: 538

★Bitvest.io★ Play Plinko or Invest!

Quote from: kaya11 on March 18, 2022, 05:32:20 AM

I was hoping for that day where all things are cheap, but sadly it is not. It is getting worst and the inflation is increasing.

Governments have to really sit up in helping bring back the economy departing fortune, people are suffering from hike in commodity prize and their seem not to be any adequate plan in place, cryptocurrency which could have been an escape route is facing serious challenges through governments regulation, tax and ban.

Quote from: kaya11 on March 18, 2022, 05:32:20 AM

Food will be scarce, let alone real estates. Lands will be more valuable as it is needed for farming. So how come would it be cheaper where there will be less available lands for cheaper price

Having the capacity to afford all these is a great problem for an average individuals, even if they are cheap, an average man lack the ability to purchase them, all because of the increasing rate of poverty which need to be amended.

sana54210

legendary

Activity: 3178

Merit: 1128

Quote from: Rockstarguy on April 09, 2022, 05:09:49 AM

Countries that deals with importation of things are really facing terrible crisis, everything seems to be expensive. Government are unable to meet up with the countries budget. What they do to manage the country is to borrow money from top wealthy countries to run activities of the country, it is not expected for things to be cheap when it is like this and case like this it will take time for the country economy to be stable for things to be be affordable for every common citizen.

The biggest problem with nation that import things is that if their fiat is not strong that means they would have to pay a lot more of their tax income or basically economy to buy those things. Like yeah sure China does bring some stuff to USA and that means USA pays china some amount of money for it, but that doesn't mean that USA spends all of their money on that or breaks their backs, they could pay that back one way or another if they wanted to, can take time but they can do it.

But, like for example if we are talking about a place like Venezuela or Philippines or something like that then when they want to buy an iphone it becomes a big difficulty.

Agbe

hero member

Activity: 854

Merit: 1246

Economic is 24/7 hours in crisis. Mostly in the third world nations, Nigeria in particular, anything that the price goes will not come down. Inflation is the biggest problem we face in the Continent. The following causes inflation in the region.
1. Dollar exchange rate. Anytime when dollar exchange rate is high that means, dollar is higher and the fiat currency is very low. Goods and services will be very high even the locally made product will be higher. At that instance, everything is cost they would not come down even when the exchange rate is down.

2. Petrol (Fuel). Just like fuel control the prices of goods and services in the Continent. Once the Fuel marketers increase the price of petroleum. Everything would be very costly.

But at time of high cost the rich people would not feel it but the poor people would be crying to buy a particular goods.

Rockstarguy

hero member

Activity: 966

Merit: 573

God is great

Quote from: Maestro75 on April 03, 2022, 02:10:55 AM

Things will not get cheaper locally if countries are depending on import to feed their people. They will have to deal with high exchange rate and that will affect price of goods. Even if they produce locally but have to depend on raw materials from abroad it will still affect price. This is what Africa countries face. Whenever the price of dollar, Euros or pounds rises it affects us. Every commodity takes the hit including backyard fruits like oranges, mangoes, tomatoes etc. Yes economic crisis will affect real estate because landowners will be selling their properties to find food and may sell at cheap if there are no one to buy from them just to get food.

Countries that deals with importation of things are really facing terrible crisis, everything seems to be expensive. Government are unable to meet up with the countries budget. What they do to manage the country is to borrow money from top wealthy countries to run activities of the country, it is not expected for things to be cheap when it is like this and case like this it will take time for the country economy to be stable for things to be be affordable for every common citizen.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

Quote from: yohananaomi on April 02, 2022, 03:26:39 AM

Quote from: kamilah147 on March 26, 2022, 03:13:46 PM

it will reverse like you said. The economic crisis makes goods more expensive and life will be very miserable. When inflation occurs, all goods will soar, and that's where chaos occurs. There is nothing good about the economic crisis, because various crimes will also arise because the needs can no longer be met.

No matter where in the world no one wants their country to be hit by an economic crisis, because it clearly has an impact on increasing price stability and the movement of needs in the country cannot be controlled.

I agree with you, inflation will occur if the economic crisis cannot be controlled and what is feared is an increase in the price of necessities and people find it more difficult to shop and what is very worrying is the crime rate will also increase. so no one wants to experience an economic crisis and if someone says it is a good crisis of course for the distributor country.

Something must be mentioned, when Venezuela began its great crisis, economic and of all kinds, there was a great war with the food items, people fought and made long queues to buy oil, rice, among others, and now in France the same thing was presented, at that time when Venezuela was falling it was watched from all over the world, in fact they came to compare Venezuelans as if they were Indians, but what cannot be denied is that in the face of necessity it makes many people do not control themselves and react like animals, I hope that in Europe or any part of the world they do not have to go through what Venezuelans have gone through, hunger and need is something that is not good at all.

ajochems

hero member

Activity: 1305

Merit: 511

Everything will had a positive and negative things.Mostly people think about the negative about the economic crisis and you had mentioned about the positive things about Economic crisis was advancing one.The economic crisis make the food cheaper and will eliminate the people who do the food as a business to get huge amount of money.Food should treated as a trust business.

Findingnemo

hero member

Activity: 2296

Merit: 755

Bitcoin = Financial freedom

Economic crisis will hit the local supply and demand first before talking about the imports and exports, no one is going to work for cheaper they will start demanding more and tax will be increased by the government so running business is not a good idea, just buy the assets and do nothing.

kesmex

full member

Activity: 1110

Merit: 104

The OGz Club

Quote from: Joshapat on April 06, 2022, 03:50:11 AM

Quote from: GiftedMAN on April 01, 2022, 07:11:31 AM

Quote from: kaya11 on March 18, 2022, 05:32:20 AM

Quote from: 325btc on March 17, 2022, 09:11:37 AM

As things will become cheaper also good to create business as everybody will do cheaper work.
Central banks will hike rates no question it will create huge demand for money so lets not waste our money and use it to buy cheaper things.

Global things what u buying and selling will be more expensive.
Local things cheap cheap houses cheap local food cheap workers.

Real estate will get biggest hit in the world as all real estate is 80% bubble so 80% correction is asap as we all know this.

I was hoping for that day where all things are cheap, but sadly it is not. It is getting worst and the inflation is increasing. How come you enjoy being in an economic crisis. I think you are contradicting the problems it brings to poor people. Food will be scarce, let alone real estates. Lands will be more valuable as it is needed for farming. So how come would it be cheaper where there will be less available lands for cheaper price

I agree with you and I think the op needs to explain what he meant so we can understand. There is no way things will be available for people to buy, the supply of food and other things will be scarce when there is crises, anyone who takes the risk to buy things for example food will want to make abnormal profit from it.

When there is a crisis of course there are people who benefit, for example, debtors, a crisis or inflation will make the value of money go down so the debt burden will go down, some types of investment that are very losers during a crisis are property, this is what makes the government must always maintain the value of money so that no crisis.

Certainly not an easy job for the government to always maintain the value of money,
Moreover, these factors come from outside or are unexpected such as the war between Russia and Ukraine if it continues it will also have an impact on the global economy,
What is clear is that the government must always be prepared for what will happen

Joshapat

sr. member

Activity: 1526

Merit: 255

Quote from: GiftedMAN on April 01, 2022, 07:11:31 AM

Quote from: kaya11 on March 18, 2022, 05:32:20 AM

Quote from: 325btc on March 17, 2022, 09:11:37 AM

As things will become cheaper also good to create business as everybody will do cheaper work.
Central banks will hike rates no question it will create huge demand for money so lets not waste our money and use it to buy cheaper things.

Global things what u buying and selling will be more expensive.
Local things cheap cheap houses cheap local food cheap workers.

Real estate will get biggest hit in the world as all real estate is 80% bubble so 80% correction is asap as we all know this.

I was hoping for that day where all things are cheap, but sadly it is not. It is getting worst and the inflation is increasing. How come you enjoy being in an economic crisis. I think you are contradicting the problems it brings to poor people. Food will be scarce, let alone real estates. Lands will be more valuable as it is needed for farming. So how come would it be cheaper where there will be less available lands for cheaper price

I agree with you and I think the op needs to explain what he meant so we can understand. There is no way things will be available for people to buy, the supply of food and other things will be scarce when there is crises, anyone who takes the risk to buy things for example food will want to make abnormal profit from it.

When there is a crisis of course there are people who benefit, for example, debtors, a crisis or inflation will make the value of money go down so the debt burden will go down, some types of investment that are very losers during a crisis are property, this is what makes the government must always maintain the value of money so that no crisis.

Ahli38

hero member

Activity: 784

Merit: 732

Quote from: Maestro75 on April 03, 2022, 02:10:55 AM

Things will not get cheaper locally if countries are depending on import to feed their people. They will have to deal with high exchange rate and that will affect price of goods. Even if they produce locally but have to depend on raw materials from abroad it will still affect price. This is what Africa countries face. Whenever the price of dollar, Euros or pounds rises it affects us. Every commodity takes the hit including backyard fruits like oranges, mangoes, tomatoes etc. Yes economic crisis will affect real estate because landowners will be selling their properties to find food and may sell at cheap if there are no one to buy from them just to get food.

Your understanding seems to be the same as mine.
because I experienced it myself in my country. The economic crisis does not make prices cheap. In fact, prices are increasing because the exchange rate of the country's currency is also weakening. When I was little, 1 penny could buy 2 candies. but now it takes 10 cents for 1 candy.
The exchange rate of the country's own currency with the dollar is the trigger for rising prices. and a country's dependence on imported goods or materials exacerbates prices into a very fantastic spike.

as is now experienced in my country. the price of household appliances, food raw materials become expensive. in times of economic crisis.

but indeed there are people who are in dire need of money, so they sell their valuables very cheaply. but what does it mean to be cheap if the buyer is not there. because everyone is not in need of luxury goods. but all of them need money to buy food. things become worthless because no one is interested.

Maestro75

sr. member

Activity: 1890

Merit: 328

Things will not get cheaper locally if countries are depending on import to feed their people. They will have to deal with high exchange rate and that will affect price of goods. Even if they produce locally but have to depend on raw materials from abroad it will still affect price. This is what Africa countries face. Whenever the price of dollar, Euros or pounds rises it affects us. Every commodity takes the hit including backyard fruits like oranges, mangoes, tomatoes etc. Yes economic crisis will affect real estate because landowners will be selling their properties to find food and may sell at cheap if there are no one to buy from them just to get food.

MinMan

full member

Activity: 608

Merit: 154

Quote from: el kaka22 on April 01, 2022, 02:29:28 PM

OP is a troll that likes to open up a bad spam topics for some reason, which I am guessing is mainly about getting merits as cheaply as possible. We have bunch of accounts like these, they are lurking in the local boards usually but there are some in the economics section few times a year. We had previous examples of this before, and I am guessing it is the same person because the type of messages are similar as well.

There is no logic to "economic crisis is good" unless you are a greedy wealthy person taking advantage of the situation. Sure, it was great for Jeff Bezos who gained more and more money thanks to pandemic and amazon being the only open one for a long time. But we are not that, so it is not good.

But who will give a merit to the topics like this? It would be very questionable but anyway I think that even the company owners will suffer if there's a crisis and they will get less costumers. No one has an advantage when there is a crisis so no one wishes that there will be a crisis that will occur although it is still unavoidable.

Amazon isn't the only company that is open during the pandemic but there are others too because there are still people that are buying their daily needs despite of the increase in price. They don't have a choice anyway, they need to keep on going and thankfully the government is still there giving what they can help to the poor.

yohananaomi

sr. member

Activity: 2366

Merit: 267

Vave.com - Crypto Casino

Quote from: kamilah147 on March 26, 2022, 03:13:46 PM

it will reverse like you said. The economic crisis makes goods more expensive and life will be very miserable. When inflation occurs, all goods will soar, and that's where chaos occurs. There is nothing good about the economic crisis, because various crimes will also arise because the needs can no longer be met.

No matter where in the world no one wants their country to be hit by an economic crisis, because it clearly has an impact on increasing price stability and the movement of needs in the country cannot be controlled.

I agree with you, inflation will occur if the economic crisis cannot be controlled and what is feared is an increase in the price of necessities and people find it more difficult to shop and what is very worrying is the crime rate will also increase. so no one wants to experience an economic crisis and if someone says it is a good crisis of course for the distributor country.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

Quote from: Kimonoe on March 28, 2022, 02:55:11 AM

Quote from: DanWalker on March 27, 2022, 11:11:55 AM

Quote from: TimeTeller on March 20, 2022, 07:30:34 PM

Quote from: SirLancelot on March 20, 2022, 05:21:45 PM

Quote from: dezoel on March 19, 2022, 01:43:24 AM

I do not agree with you that economic crisis is a good thing. In fact economic crisis doesn’t make things cheap as you have said. Let’s take it that you are holding Fiat currency, and there happens to be an economic crisis, are you aware that the Fiat you are holding is going to lose its value And the price for products you buy in the market would also increase? So, how exactly is that going to favor you?

You are holding a Fiat that has lost its value and you are buying products that are now expensive because of the economic crisis, it is not really a good thing at all. I don’t think it is something that we should all be wishing for. Although for someone who is an investor, it might kind of favor you for the fact that the value of the asset you are holding would be worth more than what it was before.

I think that was inflation you're talking about where the value of money became cheaper but I think it's still part of the economic crisis. OP thinks crisis makes things cheaper. If he is building a business he thinks he can pay his worker lesser but actually he is going to pay more money because the value of the money got cheaper.

When there is a crisis, the unemployment rate will rise, that simply means more business are closing compare to the number of new opening business and not all people will work for a cheaper pay but they will choose to not to work at all than working in a company which pays less. He said that real estate is a bubble. I think that was wrong but real estates are known to gain more value overtime.

And that is the reason that if you have money to spare, you can invest in real-estate during this market condition.
Because it is true, real-estate is bound to increase thru time. Which is a very good investment if you can afford to.
The economic crisis is favorable to few, but many will suffer because they need to work hard more than ever to provide their basic needs.
Weigh your situation, and look for options how to take advantage of this opportunity. There's always positive side of things.

Honestly, real estate is always the safest and best investment channel. Over time, real estate will always increase in value as the world's population is increasing and the demand for housing is increasing, not decreasing. But real estate is not for everyone to invest, it is only for those who have a lot of money and a well-off life. It is difficult for salaried people to own real estate.

In normal conditions, real estate is indeed the best investment object in my opinion, apart from low risk, along with the development of the surrounding environment, the price will increase according to market value. but this is also not the case under all circumstances, such as during war, where property is no longer the best option. Instead, cryptocurrencies are considered to be a new investment option, which is the same as gold. especially at this time the price tends to be cheap so we can buy at a good price

There are many ways to see how you can diversify and make some kind of investment, I know people who talk to them about BTC, who are entrepreneurs who have a lot of money, so much so that they could easily be market whales and yet their fear is so much that they Sometimes they do not see the BTC as an important and imperative way to multiply their money in a period not exceeding 5 years, that in that time their money will move so much that the greatest probability is that their money will grow, at least more than 24% which is what no bank will give them in their lives as annual returns, even so they do not manage those figures, for me, all this is a matter of culture and lack of financial education that economic processes advance and everything becomes technology, in this case economic technology that tends to deflation.

m2017

legendary

Activity: 1792

Merit: 1296

keep walking, Johnnie

Quote from: el kaka22 on April 01, 2022, 02:29:28 PM

There is no logic to "economic crisis is good" unless you are a greedy wealthy person taking advantage of the situation. Sure, it was great for Jeff Bezos who gained more and more money thanks to pandemic and amazon being the only open one for a long time. But we are not that, so it is not good.

I sincerely agree with you, economic crisis can't be good. The consequences and negative effects of this will affect everyone without exception. If economic crisis is "planned", then we will not be able to influence it in any way, whether we like it or not. It remains only to take it for granted and try to survive it.

The positive effect of crisis, so to speak, is that it will be possible to see how this will affect bitcoin. We've already discussed this a bit here - How will Bitcoin behave in the approaching crisis?.

Topic: Economic crisis its good (Read 543 times)