Topic: Financial Crisis Will Come - page 6. (Read 19829 times)

In my opinion, the financial crisis will come, because seeing the lifestyle of people today which is very wasteful. People prefer to buy
goods that are not important. Many people use credit to buy an item, one of the reasons can be a trigger for financial crisis. So from
that before the financial crisis occurs it should start from ourselves to change our wasteful lifestyles into more economical. As much
as possible the income we have is partly stored in the form of assets that have good value, such as cryptocurrency, gold, stock market
or even real estate. The next thing is get used to buying everything with cash, stay away from credit loans. Then only buy things that
we really need. By making these lifestyle changes even though the financial crisis coming it's not become a problem, because we have
prepared carefully.

Well lets be real here, if there comes the financial crisis it will make all the financials sector suffer and that includes cryptocurrencies. People at that time will need money or basic needs to survive and selling crypto if they have is one of the option because many people actually consider cryptocurrencies as digital property and not currency. People at financial crisis always consider to sell things that they consider not much of a help because that's all what they can do.

The thing is these banks just come up with new riskier things to engage in, like bundling and "selling" debt packages etc., (something I still can't fully understand) and regulators only catch up once the damage is done. When most people say a "cycle" they don't necessarily mean crashes coming at regular intervals but more the play between gov't regulators and the financial sector.

In 2008 it was subprime mortgages, next one could be something else entirely different. Only similarity is that people will have their money siphoned off again to prop up the perpetrators.

I am aware of this so don't worry, if anything this is very similar to fundamental investing in which you can tell what direction the market is going to take you just do not know when that will happen.

The same is true here all of those claiming that there will be a huge financial crisis are correct in the diagnostic but they cannot really tell when it will happen because there are simply too many factors to consider to be able to give an accurate prediction.

I have happen many times in the past so it will happen once again. This time there is some an exit point which we own this time such as Bitcoin. During the past crisis, people suffer including the ones who has the money to survive. So far they all knew its going to come and right now they might prevent through  cryptocurrencies. Today we are already seeing the inclusion of crypto in the Foreign exchange market.

The crisis is not a cycle you should expect every other decade, the policies that are run by big bankers are the reason for these turmoil even if it happens, only bad policies and bad decisions make a good economy to crash and you cannot blame it on any imaginary cycle that cannot be avoided. If you look at the global market there are many issues and there is a definite slowdown in the economy and we all know what happened in 2008 and we are expecting for the worst once again.

And that's what I'm trying to do. I don't have much crypto to begin with and I'm avoiding spending them now. Main goal is taking advantage of a coming hike and to get more bitcoins out of it but I really doesn't hurt to have things covered just in case. Also saving less in banks, just enough for purchases and to maintain a credit card. If things get worse, all that money can go poof (inaccessible) not to mention only a small amount of it is insured by the government.


Cash is good. Having some on hand can be useful once people start pawning stuff that you can resell for a profit once the economy recovers.

Op wrote his post about a year and a half ago, and there hasn't been a crisis yet.  I'm not saying that to criticize him at all, and in fact I think one is coming.  Obviously people were predicting it last year and probably since at least 2013 when the economy had recovered from the 2007-08 crisis.  The world is due for one, that's for sure.  But honestly I don't see the signs of one coming imminently.  Employment is pretty high, and the stock market is doing well...but sometimes you don't see them coming, and that's the scary part.

Your second sentence is true as true can be.  It might be a good time to start saving some emergency money as well as some cash that could be used for investment if and when stocks and crypto start to crash.

Almost the end of 2019 and so far so good. People are still pointing out stuff that might indicate a coming crash and it still pays to be cautious.

It's not a matter of if but when, the economy just seem to have these cycles and we should just consider them to be part of living and prepare for them.

We see that critically economically always comes anytime where everyone wants to build it by working hard to be able to meet the economic needs, fortunately I already have a few assets from the first time I collected and I save a little in the form of solid btc and altcoin for future assets, but unfortunately there are some who are just aware of the increasingly critical economic needs and just started to wake up, all of which causes the speed of time so fast even though the economy is unstable. we hope that in every country and government can overcome it in the future

Blaming various parties as the cause of the financial crisis is very easy, sometimes as individuals in a country, we also have a role to avoid even coming out of the financial crisis.

With the current neoliberal economic system, it seems that the financial crisis is not solely the result of problems abroad. The problem of the decline in the confidence of stakeholders, markets, investors and the public in the government contributed to the decline in the value of the currency. The existence of funds flowing abroad also occurs because there is investor mistrust of a country's economic fundamentals. For example, debt risk continues to increase, and fiscal management is not credible, which is reflected in the tax shortfall.

I think the financial crisis is something that cannot be avoided by a country because it is a mistake of the world's financial system. To fix it, it needs an extraordinary update. Damage to the world monetary order in general certainly requires a fundamental solution, not a patchwork solution. from my point of view and the reasons why the financial crisis is unavoidable because it is the result of an error/malfunction system.

- The world economic system uses the US dollar as a benchmark. In other words, America is an economic barometer, with this role it can export inflation and its financial crisis to other countries. The US dollar is a paper currency that is not guaranteed by a commodity that is worth (fat money). Thus, this currency can easily be produced by a country's monetary authority.

- The world financial system does not use currencies with intrinsic value, so there are no fixed standards. Fiat money has no intrinsic value so the exchange rate is subject to manipulation. Intrinsic value is the value of money based on the material used to make the currency. For example, money made from gold then the intrinsic value is equal to the level and weight of the gold contained in that currency. Likewise, fiat money whose intrinsic value is far below its nominal value. the use of gold coins as a single stable and standard currency creates a fair monetary system that runs in harmony with the real sector

Even though they are wrong most of the time, you should use their prediction and advises as a guide and also a warning that there is a near financial crisis and we should be ready anytime. We should save money in order to be prepared when the market crashes because that is when we can buy a lot of cheap stuff and hold them until the market recovers and sell it on top.

Those predicting the market will collapse soon are wrong most of the time, you must remember that even if the system cannot be in place forever those at the top of it have all the tools to make it last as much as possible and it is only when they truly lose control of it when we begin to see the consequences of this.

This is what happened in 2008 when they lost control of the economy and the only way to stop a total collapse was for the governments to absorb the losses the bankers had at the time.

I think that is purge :") but it will happen in a country that people want to get their freedom. a lot of countries now are facing this kind of issue that their citizens want to control over their selve's and not own by the government. if this going to happen world wide, cryptocurrencies will be in demand and this is the right time to show them that crypto is better and for future. market increase will make an history and people will accept that in crypto our freedom will not be able to procurable from us.

I hold a bit of different point of view. In case of stock market downfall, I am more than certain that crypto currencies will grab attention of stock investors. In any sort of economical crisis, digital currencies are going to perform the role of savior. Those who are holding these coins at present, wont need to be worried about anything in future under poor financial circumstances. Digital coins do not depend on anyone so a downfall in financial market wont hurt them.

I think it would be best, if the global financial crisis to come at the moment of the bull run on the cryptocurrency market. This could create an unimaginably huge bubble at the price of Bitcoin! I keep my fingers crossed for this to happen!

In the next one to two years, the US market is likely to collapse. Then we will see a new global crisis, but I do not think that bitcoin will grow at the time of a panic in the market, but most likely it will recover much faster and go up even higher than before.

If you are talking about a global financial crisis then none of the financial market will survive, people will withdraw their money and invest in gold if something like that hits and none of the markets will be spared and even the cryptocurrency market will be affected, we never experienced that yet and hence you cannot determine the real impact at this moment but i am not expecting anything different.

Financial crisis come, 911 incident all over again, people blame each other, people kill themselve, some people jump from their apartment, innocent people died, and the people over the Wall Street laugh their ass off while on their way to the bank. Am I right?

Financial crisis will certainly happen no matter what time, most notably in 2008 and in the future it will repeat again, besides the crisis is also an opportunity, if you know how to turn things around and good risk management money will flow to you because of the economic crisis is the way that money from one person to another. There is also another solution, which is cryptocurrency, which is fortunate when I know this, this asset will be very stable and strong in times of crisis, it is more valuable than gold or metal