Topic: Global economic and trade crisis - page 6. (Read 3284 times)

To be honest, I can't do anything with it. It is inevitable.

It will come and what people can do is to brace for the impact of that coming. No status will ever stop that and if you are rich, even if you are poor, you can't prevent it, you need to be ready for it. I'll just do what I can right now since that will be the best choice I have.

No matter how you save or invest, if the world ever goes into global economy and trade crisis it will affect everyone even the rich. As the world needs one another to survive: what affects the other person affects you.
Some might have saved up some Gold, fiat or even Bitcoin  but then what if it hits suddenly? Everyone will be taken by surprise.
But again, even if you have saved up for it, there are things that money can't solve.

I wonder if there will be more countries getting into this. Like we already know china and Russia are good friends, we already know USA had some issues with Russia meddling with their elections which is really not cool and would probably cause some problems when democrats take back the power.

On top of that China is having a trade war right now but Russia is doing well with USA because trump likes them, now when democrats come into power I am sure they will put up some sanctions to Russia whereas they will remove some from China, can we expect Chinese power to slowly try to gain control over other nations nearby that lives and survives thanks to Chinese economy like Taiwan or whatever and make sure they don't get any american products or even have laws against it? If this war goes to other countries it may actually create a serious problem.

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.

Actually i don't have any further plan to facing new crisis and my economy country currently looks fine although there was a little inflation because most of daily goods price goes up but so far it's still normal situation but if someday this happened i think i will putting my money through physical investment such as gold or property and why i decide pick these options because in my view physical investment price more stable than crypto so if hold for many years i think gold and property will always be valuable

I think I will keep Bitcoin and USDT. because most people will focus on deflationary assets to have the opposite effect of inflation and economic crisis.
At that time, Bitcoin would be very expensive and we would be rich if we bought it early before the crisis hit.

Crises are cyclical in nature due to the cyclical mood of the masses of investors. The whole market is nothing more than a game of the moods of bulls and bears in different weight categories of wallets with different risk limits.

You can imagine this as the sum of waves with different periods, which as a result form a visual representation of the market in the form of a graph. But at the same time, each separate group of people and even one person behaves the same way - it moves from extreme to extreme, from mania to panic. And the market itself behaves irrationally - exactly at the moment when all investors believe that the instrument will only grow (mania), it starts to fall, because there are no more buyers, and the offer is growing like an avalanche.

For example, if you take the bank lending sector, then it has a foreseeable limit - you cannot give out more credits than the consumer is able to take. But the consumer has already been credited and there is no turning back. This means that at some point banks will no longer be able to creadit the consumers, and this in itself will cause a deflationary collapse: there are no credits, consumer dont have money for pay anything, there is no profit for the companies, there are many unemployed, and again - no credits. Economic is stop.

It is this process of adding the mood of the masses of investors that the elliott wave theory studies and describes. And she has long and accurately predicted the future - SNP500 goes to 666 points, BRENT Oil - 12$ (and no matter when).

Just wait.. 

That true, I like your thinking may be it's correctly.

When it will actually happen? preparing most of the time would be the best thing to do because it might happen unexpectedly. I have already expanded my investment into real estate but I don't have precious metals which was said to be a good wealth saver.

However, besides real estate, I have bitcoin that's on held which I believe that will help us whenever a crisis comes. As known by most, this is one of the best store of value up to date.

Because there was one every 5-10 years in past. We had like 10 from WW1.  What is different that some predict it will be catastrophic this time. And Bitcoin might play huge role in this catastrophy.

During world crises, you need to buy real estate, land, gold. Only in this way will you be able to save your money and earn in the future when the recovery of the world economy begins. By the way, gold has already begun to grow, and this is a signal that the crisis may happen very soon. I am more interested in how the global crisis will affect Bitcoin, because I plan to keep my money in it.

Because crypto is still untested, I conclude that gold and metals will be target of surviving crisis if it occurs. Venezuella uses bitcoin to survive crisis compared to gold or metals because bitcoin itself has high fluctuations, so they are risking what they have.But for those who are already in crypto will still choose crypto as an option to survive crisis and vice versa.

But from my analysis, when a crisis comes, people will prefer gold or metal. Gold and metals are more stable and prices continue to rise, in contrast to crypto which has high volatility, it will be a betting arena.

What makes you think that global economy crisis will surely happen? We might have useless government everywhere, but that does not mean they are still not doing everything possible o avoid it. Look at  the aspect of recession, it has been over 3 years now that I have been hearing global recession happening and till now it still has not happened.

It does not mean that there is no possibility of it happening, but it might have been averted already while we are still here discussing anon thinking that it will happen. Well, in the case of economy crisis if it eventually happen, there is nothing much to be done, we will just try our own little best to protect our assets and maybe bitcoin will also have a way of helping those that has invested in it then.

It's inevitable, just look at the Venezuela crisis. Up to know people there are surviving but involving themselves into crypto and buying goods and services inside and outside of the country using bitcoin in order to survived. Best scenario wherein crypto is really helpful, sort off.

However, if it is a global phenomena, then I guess people will leverage their wealth either in gold or precious metals or cryptos. Either one of them will be the shelter, crypto hasn't been tested so this could be a game changer to see if at least bitcoin could be a hedge in an event of economic crisis.

Most people will but 1% of people holds most of wealth. They will not struggle anything but will want to safely and as anonymously as possible preserve as much of their wealth.

everyone will face problems when there is economic crisis no one cant avoid it completely , some chose to move there money to stable investments like bonds , gold like that , markets will be very volatile and unpredictable ,  its better to save what all we gained and enjoy 

Well the telltale signs are already here. For the first time, the US DOW dipped in about a decade. Last time it happened it was the 2008 depression.

Economies in east are also slowing down, like my country India and then the Chinese are also facing similar slowdowns.

What's funny is some of these governments are downplaying this and diverting the public attention towards other things. Not just funny, but strange as well.

All you can do is save your assets in the form into something which have stable value at any condition and its possibly gold because it has the stable value compared to any other investment in this world.Maybe crypto can be a choice but we don't know yet crypto could be a solution for the economical crisis worldwide.

Gold will likely not do OK during a global crisis. Most people will be struggling to
— Feed
— Drink clean water
— Treat diseases
—  Bath
—  Stay clean during menses
—  Stay secured
—  Stay informed 
—

Few will be concerned with personal luxuries and beauty. I think gold will probably be worthless.

Food, Water, medicine, clothes, toiletries would likely cost more

There is much talk of a new big financial&economic crisis recently, and some experts say it has already started, others say it will start soon, some say that it will only happen in a few years. The question is whether this crisis will be the largest so far, or it will be similar to the one from 2008? In any case, the collapse of the world economic system will do no good to most, but the rich will probably get even richer as was the case in the past.

What is different now is the fact that we have Bitcoin, so next crisis will be big test for it - and it would be realistic to expect that something revolutionary as Bitcoin should be safe haven in time like this. Some people say that Bitcoin will also be hit, and that it will not be immune to major disruptions in world markets because it is too connected to fiat.

In my opinion keeping of fiat is probably the worst option, Bitcoin so far has proven to be a great store of value, and I personally see no reason not to continue to do same in the future.