Economic crisis its good - page 3. | Bitcointalksearch.org

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

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.

Did you see over time that the value of assets got decline? Because for what we experiencing now major things price got hike especially on real estates. If you plan to invest on this go with it since every year price appreciate and for sure you regret for not buying it last year or even more than before.

But take note on this I only base my opinion on my country only because that's what I see here.

TimeTeller

hero member

Activity: 2716

Merit: 588

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.

SirLancelot

hero member

Activity: 2492

Merit: 582

Leading Crypto Sports Betting & Casino Platform

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.

darkangel11

legendary

Activity: 2296

Merit: 1335

Defend Bitcoin and its PoW: bitcoincleanup.com

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.

Rate hikes never ever created "huge demand for money". When inflation is high rates only decrease spending a bit but you can take a look at the US the rates are growing by less then 0.5% each time they vote to raise them. It's not going to create a huge demand. After all fiat money is constantly losing value and if the inflation rate is 5% and they give you a 0.25% rate increase it's not going to change anything. Even if they were to increase rates by 1% which they aren't doing you're still in deep shit as a fiat holder.

macson

full member

Activity: 1008

Merit: 141

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

snip

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.

from all your word, I slightly agree with this....in my country real estate sales have fallen drastically by 60% in the last few years (not showing any change even though the news about covid19 has no more impact), many properties are being sold cheaply but never sell, right now investing in property is really risky (in my country), only investing in bitcoin is more secure and already has a reputation of being immune to inflation.

gantez

full member

Activity: 1736

Merit: 121

Quote from: savetheFORUM on March 19, 2022, 11:43:52 AM

Although there are people who always plan themselves ahead of time to make sure that such a situation would favor them. It’s just all about planning and preparation.

Planning oneself again depends. If you talking about financial planning, you have to be employed before you start talking of savings and planning on it. If you are not employed that is where the problem is. Unemployment is a serious problem for the youths and with such, planning looks like a huge task, if you don't have money or finance your financial ability to plan won't mean anything because you can't showcase it. Poverty is in the society and it is really affecting the large majority and that is the youth.

savetheFORUM

full member

Activity: 1050

Merit: 140

Quote from: gantez on March 17, 2022, 03:31:50 PM

Don't think things will start being cheaper at anything. How you will know is things were easier to get done in the past but not now again. In the past food was plenty, jobs were available, cost of living too was better and living was peaceful but now you have too much inflation affecting and reducing value for money and live is difficult now Ukraine is being killed, war in different places.

Funny enough people back then complained that the economy was bad, but currently they are now agreeing that the past was far much better than the situation of the economy as of now. Inflation is really bad and it ruins the economy. The country where I live in right now is in a serious mess and is all because of all this economic crisis.

So, I guess that the poster doesn’t really know what he’s talking about, because if he really knows, he would understand that economic crisis is very bad and doesn’t favor the majority. Although there are people who always plan themselves ahead of time to make sure that such a situation would favor them. It’s just all about planning and preparation.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Wapfika on March 18, 2022, 04:52:37 PM

Quote from: ?? on ??

There is a crisis that of course can bring goodness, for example, the oil crisis and coal, maybe this will have a very big impact that causes the electricity outages, vehicles and factories to stop completely, but in the long run it will make humans be independent and do not depend on the internet, transportation and etc. And I'm sure someday this will happen.

This is not good unless this sectors are the one benefitting from it. It’s the consumers that suffers in the price hike oil and gas. Many we’re too affected as well the price of all the basic needs. When there is crisis people became smart in outsourcing and limiting their spending maybe that’s the only good about economic crisis people tends to be creative also to find ways to fit what they’re budget can have.

No crisis is good or beneficial, economic crisis will push up material prices, currency depreciate and easily cause inflation. We are the ones who suffer. The war has disrupted oil supplies and prices have risen so much, it is affecting us directly. we are the ones who pay more for petrol and oil.

How can the OP think the oil and coal crisis is good?, It would be beneficial to have people hoarding oil and enriching the tycoons, and none other than governments. If we don't use the internet, it's like we're going back to prehistoric times.

raidarksword

member

Activity: 2044

Merit: 16

I don't see any points on how economic crisis is good though wherein ordinary people are likely will be the most affected on that situation especially to the third world countries. It's a contradictory things will be cheaper, in fact it will have big inflation effects in the world economy wherein prices of goods, foods, gas etc. prices will rise up. Just take example of the Russia and Ukraine conflict, it peaked all time high on oil prices in the world market.

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: Wawa2013 on March 18, 2022, 06:25:18 PM

Quote from: jossiel on March 18, 2022, 05:43:56 PM

It has never been good.

Why do you think it has been that good? Just because of those reasons? You have to realize those concepts and factors that you're saying because nobody wants to see an economic crisis.

Many will be hit by it and the effect on the masses is going to be unfavorable to all. I don't see that someone can capitalize if it happens but how do you know that it's going to come? Because of war and covid?

I believe everyone is affected by the current economic crisis and that's not a good thing. Especially now that many people around the world are
finding it increasingly difficult to make money from the impact of the economic crisis. Because all over the world quite a lot of companies went
bankrupt, and it was very difficult to find work, then the number of unemployed was increasing. Even the rich don't like the economic crisis,
because it makes their income decline. Moreover, the poor are increasingly suffering with the economic crisis, they have difficulty making money,
because the current situation is very difficult to find a job. So I strongly oppose the opinion that the economic crisis is a good thing.

As while many struggles to make a living.

There goes the inflation rate goes up and as well as the cost of goods and consumables and that's all due to the war that has happened. Everything that's needed to be transported, all goods are affected.

Because of the increase per barrel of oil in the world market, everything is going up and that's costly. There's a recent roll back but it's still far from the increase.

Rockstarguy

hero member

Activity: 966

Merit: 573

God is great

The price of things are increasing everyday and it is not coming down, that's how things have been going. But I think as price of things are getting increasing everyday it will be nice to go into business for one to grow as inflation is going so high. For instance if you look at the price of gas from some years back, the price has not reduce but still keeps on going high.

Fortify

legendary

Activity: 2646

Merit: 1176

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.

There are different types of economic crisis and not all of them are good. A natural boom and bust cycle will produce excess, which is then trimmed back as the cycle goes into bust - this is somewhat normal. You're missing a large chunk of information in your first statement - many people lose their jobs in such a crisis because the economy contracts, so businesses shrink and it can cause a downward spiral. The price of goods rarely moves downwards beyond a certain point, the only reason it might is through stagflation which is a bad economic situation to be in. It can also drag countries down if they are in crisis and the world is still doing well, because it makes it more expensive to buy things abroad in your local currency - aka imports get much harder to buy.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

Economic crisis results in inflation as prices of commodities hikes and also show a strong weakening in the local currency of such country just the same way the Ruble keeps depreciating amidst the invasion causing the price of local commodities to inflate. Economic crisis might only have little effect on a self dependent nation. nations that has full production scale with more exportation and less importation

so98nn

hero member

Activity: 2072

Merit: 603

Economic crisis will not cheap out all the things, it will put burden on the daily needs. Because when such crisis is on the verge, government try to get most of the money from those things which are regularly used by common man thus getting faster recoveries of the taxes. Real estate, properties, cars etc may cost less, but you will have to balance out and priorities in between daily survival needs and doomsday preparation. What you gonna do about the land which you bought?

Obviously entire scenario changes if you are hella rich and you dont care if the prices are inflated for the daily needs. Thats what riches do, they can easily survive through such down time.

dezoel

legendary

Activity: 2002

Merit: 1072

Leading Crypto Sports Betting & Casino Platform

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.

Wawa2013

sr. member

Activity: 1666

Merit: 267

Quote from: jossiel on March 18, 2022, 05:43:56 PM

It has never been good.

Why do you think it has been that good? Just because of those reasons? You have to realize those concepts and factors that you're saying because nobody wants to see an economic crisis.

Many will be hit by it and the effect on the masses is going to be unfavorable to all. I don't see that someone can capitalize if it happens but how do you know that it's going to come? Because of war and covid?

I believe everyone is affected by the current economic crisis and that's not a good thing. Especially now that many people around the world are
finding it increasingly difficult to make money from the impact of the economic crisis. Because all over the world quite a lot of companies went
bankrupt, and it was very difficult to find work, then the number of unemployed was increasing. Even the rich don't like the economic crisis,
because it makes their income decline. Moreover, the poor are increasingly suffering with the economic crisis, they have difficulty making money,
because the current situation is very difficult to find a job. So I strongly oppose the opinion that the economic crisis is a good thing.

jossiel

hero member

Activity: 2842

Merit: 625

It has never been good.

Why do you think it has been that good? Just because of those reasons? You have to realize those concepts and factors that you're saying because nobody wants to see an economic crisis.

Many will be hit by it and the effect on the masses is going to be unfavorable to all. I don't see that someone can capitalize if it happens but how do you know that it's going to come? Because of war and covid?

Silberman

legendary

Activity: 2492

Merit: 1332

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.

Economic crisis are never good, are there opportunities that you can exploit to multiply your capital many times what you could get during normal economic circumstances? That is correct, but on average people are doing way worse and that is never a good thing, during periods of economic growth not everyone is doing as well as the economy, but once again on average people are doing fine during those times, so while opportunities may arise that could allow us to exploit to our benefit the economic crisis we are going thorough I think you are pushing the envelope by saying that economic crises are good.

Wapfika

hero member

Activity: 1246

Merit: 560

Bitcoin makes the world go 🔃

Quote from: ?? on ??

There is a crisis that of course can bring goodness, for example, the oil crisis and coal, maybe this will have a very big impact that causes the electricity outages, vehicles and factories to stop completely, but in the long run it will make humans be independent and do not depend on the internet, transportation and etc. And I'm sure someday this will happen.

This is not good unless this sectors are the one benefitting from it. It’s the consumers that suffers in the price hike oil and gas. Many we’re too affected as well the price of all the basic needs. When there is crisis people became smart in outsourcing and limiting their spending maybe that’s the only good about economic crisis people tends to be creative also to find ways to fit what they’re budget can have.

Smartvirus

legendary

Activity: 1414

Merit: 1108

There are a few lessons that one could learn out of a market survey and some of that is the demand on a product and how much a consumer is willing to pay. Not so many retailers or producers even takes surveys seriously but you could be rest assured that, there have been an informal form of surveys going on and the result are been deduced on every inflation that goes around within a nation.

Does it ever border you how price of goods increase in an inflation and somehow never returns to normal when a deflation comes into play? It's just a sad reality and that's why I don't very much agree with OP. It doesn't really get cheap, just slightly. When these producers offers a product at a ridiculously high price and the demand on it continues as before, they tend to go with the trend and make even more profits.

Topic: Economic crisis its good - page 3. (Read 543 times)