Global economic and trade crisis - page 5.

Shutup

full member

Activity: 588

Merit: 100

Quote from: Dark.Island on August 27, 2019, 07:24:45 AM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

Global economic crisis will be the main problem now of all. But l will not quit to bitcoin until l didn't reach my goal in bitcoin to be rich in the coming future. This is really toUching that makes evryone excite

senin

full member

Activity: 938

Merit: 137

Quote from: lixer on September 03, 2019, 12:00:37 PM

I think on contrary to popular belief the crisis will not happen, and I mean barely. The more trump is the president the more wars going on (economical warfare of course) and that means everything will go badly but in 2020 there is elections and I feel like there is absolutely no chance trump will still be a president, hell he may even go to jail after his presidency is over.

However, just before he leaves the office he will probably do one big huge thing that will screw everything up, remember the bush times and how he screwed the economy and Obama had to come in and had to fix the economy? Well, same thing will happen this time around as well, trump will screw the economy of the whole world with his tiny brain and than some democrat will come in and fix everything up.

World economic crises occur periodically and regularly. They harm the economies of states, however, at the same time, they are also an impetus for their further development. Therefore, global economic crises will occur in the future. Bitcoin appeared after the last such crisis of 2008 as a means of payment, which should confront them. Therefore, it is predicted that during the general economic crisis, bitcoin and other cryptocurrencies should grow in value.

lixer

hero member

Activity: 2688

Merit: 588

I think on contrary to popular belief the crisis will not happen, and I mean barely. The more trump is the president the more wars going on (economical warfare of course) and that means everything will go badly but in 2020 there is elections and I feel like there is absolutely no chance trump will still be a president, hell he may even go to jail after his presidency is over.

However, just before he leaves the office he will probably do one big huge thing that will screw everything up, remember the bush times and how he screwed the economy and Obama had to come in and had to fix the economy? Well, same thing will happen this time around as well, trump will screw the economy of the whole world with his tiny brain and than some democrat will come in and fix everything up.

abhiseshakana

legendary

Activity: 2254

Merit: 2253

From Zero to 2 times Self-Made Legendary

The global crisis you discussed refer to an event where all economic sectors in the world market experienced a collapse (a state of emergency) and affected other sectors throughout the world.

We will not be able to avoid the global economic crisis, what we can do is only predict, planning, prepare, prevent, and protect. Predict when & how this crisis will coming, planning to survive, prepare to face off this crisis, prevent the worst effect of this crisis and protect our asset for minimizing financial damaged.

In my opinion, the most frightening global economic crisis is when our assets have no value because there are no natural resources that can be bought imagine if nature stops providing clean air & water for us, the land cannot be planted because it is infertile. So far, we often ignore nature, even though nature is the support of our lives. When natural resource crises occur, any market will be sluggish and a trade crisis certainty.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: Dark.Island on August 27, 2019, 07:24:45 AM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

Buy gold or bitcoin to save my money is the good thing to do compared I keep much money fiat on my pocket or in bank account. I read a lot of article which say that the trade war between US and China will give many affect to the economic condition. And I found some article who give a solution to avoid it and some of the way was suggested to choose bitcoin or gold as a safe place to our asset. Even, there are many people who have an argue such these thing and some of them were assumed that bitcoin is the right place to choose.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

We will have to go back in history and look at what people did during the previous financial crisis in 2007/2008. Investors usually dump their shares on the Stock markets and they shift that capital into Safe haven type investments to hedge against any potential losses. Typical Safe haven investments are things like Silver and Gold and now even Bitcoin is seen as a good Safe haven, so you can expect that some investors and traders would shift some capital into Crypto currencies. Roll Eyes

I would definitely get out of the Stock market now, before the share prices drop too dramatically and then re-invest when the shares prices are very low. I will also take a portion of that capital and buy some physical Gold and Silver and a lot of bitcoins. Grin

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: paynercash on September 02, 2019, 10:51:36 AM

Does this issue drive the rise of the crypto market? According to many sources I read, the stock market is down, but gold is on the rise. Thus, the fact that investors seek refuge in gold and BTC is true or that is just rumors.

For gold, that is absolutely true because gold has been in existence for so long and that is what many people all over the country are more exposed to, but bitcoin is what I don't really know the level of their exposure to it yet because it is only solution that they are exposed to they will take.

The little ones that has heard of bitcoin will surely take refuge under cryptocurrency while majority off the ones that are still blind to cryptocurrency will take refuge under gold, so I would not be able to say the real effect of this war on cryptocurrency, but it would be an easy means of moving their money to another country, and also means of solid investment for those who wishes to take refuge under them based in their level of knowledge which should have been properly created by us.

vixcious

full member

Activity: 560

Merit: 100

Quote from: Dark.Island on August 27, 2019, 07:24:45 AM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

I think I will use a lot of my money to buy real estate and Bitcoin. Most assets will be converted to Bitcoin. Because Bitcoin has a deflation mechanism, this will reduce the inflation of fiat money. After the market stabilizes, I will use my money to buy back the real estate, because at that time its value is very low while bitcoin still retains its rigidity.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: ethereumhunter on August 30, 2019, 03:10:13 AM

But I think that will depend on the government each country on how they can prevent bad things.

I wouldn't put too much faith in your government to help you through a recession with how they usually start recessions themselves.

For most people it's important to have enough fiat in order to confidently pay your bills and whatnot, the rest isn't really important. Nothing prevents even the safest financial tools such as Gold to help you successfully hedge a recession, especially when you take into consideration that most people hold Gold derivatives, which can be sold in less than a minute if you so wish.

I'm from Europe myself, but half of my fiat savings are nominated in dollars because I have zero confidence in the Euro. I started doing that years ago already and don't regret it a single moment. I saw the ratio go down from >$1.4 to now slightly under $1.10. It's shit. It always pays off to hedge your own weaker (non dollar) fiat currency to further reduce risk of being hit too hard by a recession.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Dark.Island on August 27, 2019, 07:24:45 AM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

There's really no such thing as the perfect hedge. Not many people realize how bearish the 2008 crisis was for gold because of the larger 2000-2011 bull market, but it crashed 34% over a few months in 2008. In typical economic contractions, cash is king and virtually all assets suffer, particularly speculative assets.

But if major fiat currencies start showing serious weakness or collapsing, all bets are off.

carter34

member

Activity: 1302

Merit: 25

Quote from: Dark.Island on August 27, 2019, 07:24:45 AM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

This question is actually very wide to respond to. It is to be directed to people in government or policy makers on what they would do to safe people from dying of hunger.
I thought you would have asked how do we secure our coins properly, to ensure we don't lose our codes etc.

Harlot

hero member

Activity: 1806

Merit: 672

If there is another recession coming if that is what you are implying then it would be a dream come true for any investors in the market. If they have the chance to liquidate all assets for money at for that time then they should do it and when the prices fall it will be the best time for them to buy them back and hold it until the recession is over, that will be the time the investors will profit from the market. The only fight here is within ourselves, we must be emotionally intact during this period so that we won't do dumb choices on losing out more money. A lot of investors became instant millionaires because they took advantage of the situation and I hope the upcoming one it will be our time to earn from the market.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: ethereumhunter on August 30, 2019, 03:10:13 AM

To be honest, I don't make any plan on how I can avoid the global economic. I only prepare myself and try to be ready for the worst thing that can come in the future. We cannot avoid the crisis if it's happening in all countries because we will get the effect of the crisis whether we like it or not. But maybe we can prevent not to get the biggest impact by taking care of ourselves from the chaos if there is happening. But I think that will depend on the government each country on how they can prevent bad things.

I'd say that's really the best you, me or anyone normal can do.

We all think it'd be smart to do certain things but at the end of the day, all we can do is prepare for the worst. I am thankful that there is yet another option to diversify and to prepare alternative financial plans for (Bitcoin), but it's really just another alternative, to spread the risk. For all we know, a global shitstorm will hit Bitcoin just as badly as it does regular money. One thing for sure, spending power across the board will drop, either through loss of value of loss of income. And that means cutting off less urgent, less critical expenses. For the moment, Bitcoin buying is one of those.

paynercash

member

Activity: 392

Merit: 10

send and receive money instantly, with no hidden c

Does this issue drive the rise of the crypto market? According to many sources I read, the stock market is down, but gold is on the rise. Thus, the fact that investors seek refuge in gold and BTC is true or that is just rumors.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Some economists make the predictions that econimic crysis is coming and that will affect majority of countries. But when exactly is this going to happen it's hard to tell but we all know that crysis come in cycles every now and then.
If and how is this going to affect the crypto market is hard to tell. But I guess that some crypto stash might help us to overcome economic crysis easier.

guoyu78

hero member

Activity: 1190

Merit: 541

It could actually help the smaller countries at certain point. If two countries as huge as USA and China go to war that means they will need other small countries with them, for example USA will do some great helps to some smaller country and China will do the same so that small country could decide which one they want to continue to work with.

Now, if that country picks one than they will stop getting help from the other but if they play their cards right they will be spoiled like a kid in a divorced couple. That is why I think that this trade crisis may end up helping the smaller countries that these huge two nations are trying to persuade to be allies in this economical warfare.

It may hurt them if they fail to get attention but it would be great help if they take advantage of the situation.

MonsterV

legendary

Activity: 2212

Merit: 1008

There are many ways to reduce impact of coming crisis but keep in mind that we cannot avoid coming global crisis no matter how it is because all will feel impact, not only in financial sector but in other sector. From now on, I myself am preparing an investment that is able to keep my wealth like gold or try bitcoin if you are brave enough.

Quote from: ethereumhunter on August 30, 2019, 03:10:13 AM

To be honest, I don't make any plan on how I can avoid the global economic. I only prepare myself and try to be ready for the worst thing that can come in the future. We cannot avoid the crisis if it's happening in all countries because we will get the effect of the crisis whether we like it or not. But maybe we can prevent not to get the biggest impact by taking care of ourselves from the chaos if there is happening. But I think that will depend on the government each country on how they can prevent bad things.

It is true that this will all be determined by respective governments, because government will be responsible for coming crisis. When government takes wrong steps in a crisis, the worse the country's economy is, fate might be like Venezuela.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Dark.Island on August 27, 2019, 07:24:45 AM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

I still ask myself what will I do if the biggest economic crisis will come out. I don't know how big the impact for each country, especially for a small country or developing country because I think that will give an impact on their economic. The trade war between the United States and China does not yet give significant impact to another country because I believe both United Stated and China doesn't want to ruin the market and I think they are only doing joke for a while. But I don't have any idea if both United Stated and China are doing more than now because that will make a big effect to the market and I think there will be the next crisis in every country.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: Dark.Island on August 27, 2019, 07:24:45 AM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

There are already many notices in some news, the case of the Rothschilds who claim to have changed all their FIAT money for Gold, and the case of China with its president Vladimir Putin who is buying gold in large quantities, maybe these people for their position and deep investigations know something that we do not, so we must not only be alert in buying gold, but Bitcoin, in case of a world-class decline, Bitcoin and Gold are great assets that can take refuge in our money.

Of course, Gold throughout history has had a lot of prominence, both in wars, world crises, the case of bitcoin for being a digital asset that is not supported but by the Law of Supply-Demand, but has great validity at the moment that some type of inflation occurs and that it is easy to transfer from anywhere in the world, while gold can hardly be transferred due to its multiple permits and expensive Fees, in my view, whoever can buy Gold and Bitcoin is being a person very smart.

gunungkembar

member

Activity: 576

Merit: 43

I think you should be able to see what trading you are referring to, if trading USD or FIAT money seems to be still a bit stable, but for digital currencies like cryptocurrency then right now it's not good so it's better you have to be careful when trading cryptocurrency .

Topic: Global economic and trade crisis - page 5. (Read 3312 times)