Economic crisis its good - page 4. | Bitcointalksearch.org

Sebas.tian

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The crisis is more of a political tool rather than an economic tool how will you expect the price of things to be cheaper during a crisis it is not possible because demand for basic commodities will increase during the crisis and even money will lose its value.

The economic crisis is the highest form of crisis as it will reduce the purchasing power of the masses, the only way to escape inflation in the economy is by investing in anti-inflation commodities like cryptocurrency.

Yes, economic crisis has reduced some countries resources into zero level. It will be difficult for things to be cheaper during the economic crisis because many companies used the opportunity to increase their products price for them not to experience losses from their business. Many traders used pandemic crisis to increase food items in the country because of the lockdown the government announced to the citizens, that made all the sellers to increase their products price that is seriously affecting people negatively in different communities. People find it difficult to
Spend well in the market because of the high rate of inflation that occurred during the economy crisis in the country.

Husires

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Economic crises can be good if you have the appropriate tools to buy things when they become cheaper, but the majority of people will not have enough tools to achieve the greatest economic benefit from these crises.
Let's go back a little to two years ago, on March 11, 2020, when the World Health Organization announced the pandemic:

Shares are down more than 50%.
Bitcoin is down even more.
In the coming months, oil fell to levels below zero for the first time in history.
Lots of governments give away money for free.

However, people competed to buy toilet paper Grin

How the Coronavirus Created a Toilet Paper Shortage

Source: https://eu.usatoday.com/story/money/2020/04/08/coronavirus-shortage-where-has-all-the-toilet-paper-gone/2964143001/

kaya11

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Quote from: 325btc on March 17, 2022, 08:11:37 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

Tellek Garing

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Quote from: asus09 on March 18, 2022, 02:06:35 AM

Quote from: Tellek Garing on March 18, 2022, 01:20:46 AM

The crisis is more of a political tool rather than an economic tool how will you expect the price of things to be cheaper during a crisis it is not possible because demand for basic commodities will increase during the crisis and even money will lose its value.

The economic crisis is the highest form of crisis as it will reduce the purchasing power of the masses, the only way to escape inflation in the economy is by investing in anti-inflation commodities like cryptocurrency.

I completely agree with your opinion, the economic crisis can make people miserable, my country experienced a very severe economic crisis in 1995, all basic commodities are expensive, while the currency has no value at all, even the people are very difficult to get vacancies So if someone says the economic crisis is good, I don't believe it at all.

That is the case with so many countries that have witnessed economic crisis, the citizens become ad-lib and the purchasing power get weaken day by day.

Economy crisis is worst than any form of crisis because it has a lasting negative impact, check most countries that have gone into recession lately they have a track record of huge debt which makes the currency De valued and the entire business space collapsing that is why advance nation always try as much as their can to avoid economic crisis among another form of social crisis.

asus09

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Quote from: Tellek Garing on March 18, 2022, 01:20:46 AM

The crisis is more of a political tool rather than an economic tool how will you expect the price of things to be cheaper during a crisis it is not possible because demand for basic commodities will increase during the crisis and even money will lose its value.

The economic crisis is the highest form of crisis as it will reduce the purchasing power of the masses, the only way to escape inflation in the economy is by investing in anti-inflation commodities like cryptocurrency.

I completely agree with your opinion, the economic crisis can make people miserable, my country experienced a very severe economic crisis in 1995, all basic commodities are expensive, while the currency has no value at all, even the people are very difficult to get vacancies So if someone says the economic crisis is good, I don't believe it at all.

Tellek Garing

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The crisis is more of a political tool rather than an economic tool how will you expect the price of things to be cheaper during a crisis it is not possible because demand for basic commodities will increase during the crisis and even money will lose its value.

The economic crisis is the highest form of crisis as it will reduce the purchasing power of the masses, the only way to escape inflation in the economy is by investing in anti-inflation commodities like cryptocurrency.

adzino

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You are saying almost the opposite. First of all, economic crisis is never good. Who told you things are going to be cheap? Even if they are cheap, no one would be able to afford anything becase of high unemployment rate. There won't be any jobs for anyone. Those you have jobs, they won't be earning enough to save anything.

Quote from: 325btc on March 17, 2022, 08:11:37 AM

Local things cheap cheap houses cheap local food cheap workers.

Everything will be cheap, but you will be paid even cheaper. You won't be able to afford it.

Quote from: 325btc on March 17, 2022, 08:11:37 AM

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.

Where did you learn all these things from? Start learning again, but from a legit or valid source.

Wexnident

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I don't request loans~

You do know it's a "crisis" for a reason right? At this point, you're calling it "good" for your individual purpose since you have the financial capability to take advantage of the said crisis to profit, though I don't think stuff being cheap would actually happen. Also wouldn't real estate actually rise in price rather than decrease? In the end, I still don't think it's a situation you can take advantage of, and even if you did, I highly doubt there wouldn't be repercussions for it. Never in a way is an increase in homeless workers and poverty something "good".

virasog

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Quote from: 325btc on March 17, 2022, 08:11:37 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 think you do not have complete understanding of economic criss. In a crisis, the rates of everything will be high as there will be inflation. The value of your currency will fall. No doubt the real estate rates may decline as people may not have the purchasing power. The people will face loss in their investments and business. Economic crisis is never considered as a good thing.

Darker45

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My goodness! You are the first person who puts forward the idea that an economic crisis is good. You will definitely be kicked out of your economics class the moment you speak of this. Whatever kind of economic crisis you may be speaking of, it is bad. Of course, there are always ways to take advantage of any crisis. Even in times of war and killings and destruction, there is always somebody who is taking advantage. But it never means that it is good.

In general, an economic crisis would mean a severe decrease in economic activities, which means bankruptcy of businesses, which means higher unemployment, which further means loss of jobs, which therefore means losing income. The bottom line is that people will have a hard time meeting their basic needs. Nobody sane would think this is good.

Strongkored

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Quote from: 325btc on March 17, 2022, 08:11:37 AM

As things will become cheaper also good to create business as everybody will do cheaper work.

It will only work on people who have enough funds, what about regular employees? They will suffer greatly because when the crisis is precisely the food will be very expensive and they will very likely lose their jobs because there will be many companies that have made efficiencies by reducing employees, even the prices cheaper many people don't have money to buy. So what you're saying doesn't make sense at all.

bittraffic

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Quote from: adaseb on March 17, 2022, 09:18:15 PM

I really wish the real estate bubble would burst but it’s not that simple. People were saying real estate is in a bubble for the last decade pretty much and it’s still going up.

Real estate is different because they build houses slowly now and there is huge demand out there. The crash we got in 2008 would be great for home buyers however I don’t see it crashing that badly. Most likely we get some small 10-20% correction if anything.

The crisis is not yet over though. If it takes more than a decade, the middle class who owns real estate properties may dry up and will start selling thier properties. I think this crisis will actaully take a very long because of the conflict of big nations. I will probably wait for a long time before things will cool off and start a new beginning. Maybe the price of a particular commercial lot will cost very low, enough for you to buy 2-3 lot with 1BTC you got.

Yogee

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Quote from: Gozie51 on March 17, 2022, 08:33:54 AM

Quote from: 325btc on March 17, 2022, 08:11:37 AM

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.

You little contradictory here how do you explain estate to be bubble ? To my knowledge this is the most guarantee enterprise to invest in and in future to make gains except your real estate is engulfed in fire or other destruction but you can also do some insurance cover on it . It is highly regulated depending on the country,so what is your point here?

I don't know about the "bubble" but real estate also took a big hit during the height of the pandemic. Will it be one of the industry that will suffer the most during an economic crisis? I believe so. It's not at the top of most people's priorities when resources are scarce.

adaseb

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I really wish the real estate bubble would burst but it’s not that simple. People were saying real estate is in a bubble for the last decade pretty much and it’s still going up.

Real estate is different because they build houses slowly now and there is huge demand out there. The crash we got in 2008 would be great for home buyers however I don’t see it crashing that badly. Most likely we get some small 10-20% correction if anything.

Johnyz

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There’s an on-going crisis and why the price will become cheaper? Here in my country almost everything there’s a price increase so I don’t really see why crisis can cost cheaper work. Well, this may be good for the investors but this is a big suffering for the ordinary and poor people. Crisis is very crucial, this can last longer especially if the government didn’t do anything about it, locals are the one who will suffer for this.

Hydrogen

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Quote from: 325btc on March 17, 2022, 08:11:37 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.

Rising oil costs. Correlate with hikes in energy, shipping, transportation, food production costs. Everything becomes more expensive.

Basic living expenses are priced into the cost of work. Which will dramatically increase along with the value of oil and its derivatives.

Overprinting of fiat currency, if it continues, will also contribute towards price hikes across the board in all industries.

I hope there isn't anyone holding their breath expecting prices to decline. Unless they can hold their breath for a very long time.

kryptqnick

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Quote from: 325btc on March 17, 2022, 08:11:37 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.

Wow, what can I say... If economic crisis was any good, people would work so hard on preventing them or limiting them. An economic crisis leads to people not having the means to buy things, and the economy degrading. And if the interest rates rise, less people will be doing mortgage. Local things won't be cheap either because if global things are too expensive or out of reach, the demand for local things will rise and thus the prices for local things rise as well, while people can't afford to pay more. There's nothing good about the economic crisis. Some suffer less from it, some suffer more, but overall it has negative impact on the world.

teosanru

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Quote from: 325btc on March 17, 2022, 08:11:37 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 didn't get it why would central banks increase rates in case of a a economic crisis? Rather central bank would decrease rates in such situations to ensure there is easy availablity of money in hands of people and demand increases. Talking about real estate i don't think this 80% correction would happen in all the countries, a big factor that blossoms the real estate sector in developing countries is black economy, therefore if prices correct even by 30% people would buy real estate fanatically ending up in price stability.

gantez

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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.

fiulpro

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The fact is, things won't be cheap, the things would be more expensive due to : Inflation. At the same time the people would not be paid according to the crisis at well, there would be no jobs in the market.

Take an example of war. You think people in Ukraine are doing their regular jobs ? All of them ? NO! The food prices have soared up because of limited availability and at the same time they are not getting much funds down.

The cost of houses on the west is double every single week and which does mean that a crisis it not something that is good for anyone. It's an inevitable circumstance where people are being harmed one way or the other.

Real estate prices will rice undoubtedly and those are the only people that would be making some money. But then again, the prices would soar only if your house did evade the crisis, not got bombed and destroyed.

Topic: Economic crisis its good - page 4. (Read 572 times)