Economic Implications of War on Individuals - page 18.

fuguebtc

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Quote from: alastantiger on October 16, 2023, 01:01:06 AM

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

War is something no one wants because it brings no benefits, but for politicians, those who crave power see it as necessary to prove their power, a hobby. War will never go away and those politicians will never care about our life or death so let's find a way to take care of ourselves if war happens in our country.

The war between Russia and Ukraine is not over yet, we continue to witness the war between Israel and Hamas, I don't expect there will be another war from China and Taiwan in the future. I don't want world war 3 to happen but we can't do anything else if they want it to happen.

lombok

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Quote from: alastantiger on October 16, 2023, 01:01:06 AM

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Are you and your family in a war zone? To answer that, if you mean we live in a country involved in conflict, I have no comments, to be honest, I have no experience like living in a region/country involved in conflict or war. To survive in a conflict/war area is like gambling, especially since we also set up a business in that place too. Maybe evacuating or moving to a safer place is the first solution and thinking about business, investment and so on is the next number. It's useless to think about business but our lives and those of our families are threatened.

I live in a country that I think is safe from war conflict, but the cost of living has increased, oil prices have also increased, and there will definitely be other increases, especially as crises and wars continue to occur in other parts of the world, this will definitely affect everyone. country. My anticipation regarding this is of course investing in what I believe in my way, for example Bitcoin investment.
I still have high hopes that after the halving in April 2024, BTC will be able to rise to reach its latest ATH. This is investment money and my only hope.

Negotiation

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During the war only business is not possible to do any work properly the developing world is suffering the most from the embargoes and counter embargoes caused by the war. While the global economic situation was on the way to return to normal after the corona pandemic the war has put the global economic situation in a deep crisis and stress. Controlling wartime inflation is our greatest challenge at present in terms of the impact on banks the only way out of this crisis is to invest in bitcoin because the war will not have any impact on bitcoin.

Strongkored

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I don't know for sure how to survive when the country is at war because everything that comes to mind is how to stay safe and also have food supplies until the war is over, and I'm sure only people who survived the war can give the right tips the rest is just guessing.
However, if we talk about the impact of war on the world economy, of course, it will be very large, and usually the price of oil and food will have an impact so that we will get higher prices, live more simply and don't buy things whose value will quickly fall and keep holding fiat because this is really needed when buying groceries.

Tytanowy Janusz

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Quote from: alastantiger on October 16, 2023, 01:01:06 AM

- do you have any survival tips during war period?

Sell local currency, buy dollar and gold (and gold-plated jewelry). the local currency will probably go to waste, the dollar will be good, but it takes up space and it is difficult to bribe the border guard with it, because the light will turn on for him to search you for more. A gold-plated wedding ring given out of desperation as if it were the last and most important souvenir your wife has left of you leaves the guard with no illusions that you have nothing more and he will either let you pass and earn money or nothing at all.
Bitcoin will also be good, and probably better than anything I described above for escaping without the risk of funds being seized (just remember 12 words).

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Quote from: alastantiger on October 16, 2023, 01:01:06 AM

- do you have any survival tips during war period?

The only survival advice I can think of is to hide in a safe place since, from what I gather, war is different from conflicts in that it is very difficult for someone to survive because it involves security personnel from other nations and communities. This also depends on how well-equipped the enemy is; if they are, I can't offer any advice on how to live. War is deadly, and we should avoid it at all costs.

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- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?

Yes, but only in the event that there is no attack on the network in the surrounding environment. Bitcoin is also helpful in such circumstances, but all you can do with it is know that you have it; you cannot spend it or place any orders with it. During this time, no physical business will be permitted as everyone is frantically trying to survive. I don't believe you can engage in any business.

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- What is the economic impacts on individuals with families and how do I sustain them during war period.

War is not only about killing; it involves many other things as well. During this time, it will be difficult to the point where even the president or other national leader will find it frustrating. There won't be any food, water, hospitals, markets, or electricity during a war, and there will be killings everywhere; the only thing that will matter is risk.

Despairo

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I wonder how you can think about business when there's a war in your country.

Most of countries will use their armed forces to handle it, but if they lack of participants, they will force their civilians especially 18+ years old men to join in war and they also open for volunteers. The country will give a support about foods, place to sleep, and weapon, while the women and kids will stay in the most safest place.

So when there's a tension in your country, it's better to fly to other country. Don't too late because civilians will not able to escape except you have a duty to escape.

War is inevitable because there are few organizations that earn profit during war e.g. weapon seller.

alastantiger

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I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Topic: Economic Implications of War on Individuals - page 18. (Read 3220 times)