Global recession alarm, safe money | Bitcointalksearch.org

odunybiz

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Quote from: Charles-Tim on October 13, 2022, 10:03:42 AM

Quote from: bastian466 on October 13, 2022, 09:58:10 AM

This condition is caused by the COVID-19 pandemic

COVID-19 by this time? That should be in the past.

Although us over two years now but the effect of COVID-19 is still felt. This may not be the real cause of upcoming recession.. Have you forgotten some companies collapse during COVID-19. Some run into debt and still battling with it till date. It took me over a year before I could recover from the lost acquired during this period.

Wong Goblog

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The threat of recession does make us worry, if we pay attention, the recession occurs because of the war, and in early 2022 Russia the invasion of Ukraine which made the world economy experience a recession, according to the prediction of many Russian war experts vs. Ukraine will extend to Russia vs Europe, of course this is a problem Seriously that will make the global economy very difficult.

Cling18

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Global Recession currently looks complicated, many developing countries that fail to pay debt so that it makes a chain effect for global countries, it might be said that only oil -producing countries do not encounter recession problems, and with the current facts, of course we must always be vigilant and not be wasteful , multiply investments but do not invest that is difficult to sell such as property, factories, and so on.

Most developing countries have fallen deeply into debt due to the pandemic and still borrowing huge funds from the central bank just to survive their economy during this global crisis. That's the reason why we can't rely on the government anymore so as much as possible, we must double our efforts to grind and save for the future. Invest while we can in preparation for the possible global recession because according to the experts, the situation could get worse in the coming years.

Crypto Legend

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Many people are afraid of global recession, as humans we should not be pessimistic in life, we must be sure that all things already exist, human tests are only according to their abilities so that the recession is as high as any but with faith then we can easily live, and the most important point is Always optimistic and grateful.

Swordsoffreedom

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Quote from: 19Nov16 on November 19, 2022, 09:48:15 AM

Economic recession has always been a serious threat because the recent world tensions are Russian missiles that enter Poland, many speculations that this is a Russian test to know European response, if there is no reaction then the possibility of a greater war, war certainly makes the economy chaotic .

I see somewhere that it is concluded that those two missiles are Ukrainian and that it was an unintended accident and not a targeted attack by Russia or Ukraine. I don't think Russia would do that in this situation because their war in Ukraine is also facing certain difficulties. Russia alone is fighting both America and all of Europe, it would be unwise for them to provoke now.
Don't expect reaction now because that will trigger World War 3, once World War 3 happens there will be no economic chaos but apocalypse.

tygeade

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Quote from: naira on November 18, 2022, 02:15:37 AM

Apart from securing assets, I would add that I have a reserve amount of cash to stay prepared for a recession. it is very necessary, even though it has to reduce the value of the investment allocation but at least DCA is done by buying and withdrawing to a safer wallet. In fact, the global recession has occurred in several countries, and like it or not, we have to be prepared to face the bad possibility of the impact that will hit the economy in bulk.

Recovery after last year's Covid-19 Pandemic has disrupted the balance of the world economy, and we are in recovery maybe not as bad as during the Pandemic. There is no need to panic excessively because we only need to control finances as sparingly as possible.

I would say if you are doing DCA then you shouldn't have any reserve cash. I think it's at a moment where you have to cancel your vacation plans, cancel the subscription you have to somewhere, cancel the costs and increase the amount of money you could have and even go into debt and ALL that money should go to investing.

I know people do not like to hear that, but right now is the moment to have no cash, and even credit card debt, and all go to crypto. I did that, I have a huge huge huge credit card debt right now, lived off that, and used the cash to buy bitcoin with it all. I do not advice this to people, don't do that, but at least not have cash reserves neither.

m2017

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Quote from: bastian466 on October 13, 2022, 09:58:10 AM

Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks

I am not sure that one can be prepared to face difficulties of a similar nature as a global recession. Such phenomena occur suddenly and precisely at the moment when you least expect it and are least prepared for it. What to do in this case, if you are an investor? I think you need to turn on the diversification mode in order to reduce the likelihood of losing everything and keep at least some of your assets. They can't all depreciate at the same time. For example, invest in real estate, traditional securities, gold, as well as in crypto currencies.

19Nov16

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Economic recession has always been a serious threat because the recent world tensions are Russian missiles that enter Poland, many speculations that this is a Russian test to know European response, if there is no reaction then the possibility of a greater war, war certainly makes the economy chaotic .

Smartvirus

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Quote from: Thomas Kralow on November 18, 2022, 01:49:47 AM

The worsening economic situation is not just because of the epidemic and uncontrolled inflation. And great power politics and the Russia and Ukraine wars. I am an ordinary person. In many cases, I can only accept the real results. Maybe I will sell my assets to others to reduce my risk. Gold (if there is no bitcoin), and then I will continue to maintain my business, and I will be satisfied if I can make ends meet.

It's not supposed to be only based on the elements that you have highlighted above but,you can agree with me that, these elements are a vital contributor to the recession in our world today. The recession has come as a result of a chain reaction from the binding of all these elements. There has been hold on several chains of distribution of goods and services from industries that might improve the economy of a nation. Hence the inflation and while we try to manage it, we've got to prepare for the worst which is yet to come and that's is if, it comes at all.

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I understand you mate, that's why I am now starting to plan for next year. I am not expecting for worst to happen but I am not preparing myself to have a multiple jobs to support my financial needs, and as long as I can still pay I am not using my crypto to convert, or there is still point that I want to convert it now so I can upgrade my setup for more new work for the next year.

In the end, you've got to do just what it takes to survive the worsening economy and multiple jobs is surely an option to consider if available. Am sure people are looking up to that but, its hardly the best option given the stress that would he involved. One needs means that would be less engaging and could be done from anywhere.

Sterbens

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Quote from: Thomas Kralow on November 18, 2022, 01:49:47 AM

The worsening economic situation is not just because of the epidemic and uncontrolled inflation. And great power politics and the Russia and Ukraine wars. I am an ordinary person. In many cases, I can only accept the real results. Maybe I will sell my assets to others to reduce my risk. Gold (if there is no bitcoin), and then I will continue to maintain my business, and I will be satisfied if I can make ends meet.

I understand you mate, that's why I am now starting to plan for next year. I am not expecting for worst to happen but I am not preparing myself to have a multiple jobs to support my financial needs, and as long as I can still pay I am not using my crypto to convert, or there is still point that I want to convert it now so I can upgrade my setup for more new work for the next year.

For some people who don't have a lot of capital, a situation like this will create a dilemma. This recession is indiscriminate and erodes anyone who cannot prepare for it well and the problem is that not everyone can prepare for it and be prepared for what will happen in the next few years. If we don't have expertise then it will be very dangerous for our future. The thing that we are always afraid of will come soon, I hope that what I have prepared so far will be able to make me survive the recession better.

fullhdpixel

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Quote from: naira on November 18, 2022, 02:15:37 AM

Apart from securing assets, I would add that I have a reserve amount of cash to stay prepared for a recession. it is very necessary, even though it has to reduce the value of the investment allocation but at least DCA is done by buying and withdrawing to a safer wallet. In fact, the global recession has occurred in several countries, and like it or not, we have to be prepared to face the bad possibility of the impact that will hit the economy in bulk.

Recovery after last year's Covid-19 Pandemic has disrupted the balance of the world economy, and we are in recovery maybe not as bad as during the Pandemic. There is no need to panic excessively because we only need to control finances as sparingly as possible.

If you allocate most of your money in assets, there is a chance that you will pull them out later on because of the recession but that is a bad move because assets price are also declining that time. You are only going to incur a loss that way so what you did of having a good amount of cash with you is a great move.

Besides you can always use some of this money for DCA when you think you can handle the effects of the inflation or when you feel that the recession is now over. In case of emergency like when there is no electricity or internet, we can't sell our digital assets. This is another reason why having a spare cash with us is a must thing to have.

naira

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Apart from securing assets, I would add that I have a reserve amount of cash to stay prepared for a recession. it is very necessary, even though it has to reduce the value of the investment allocation but at least DCA is done by buying and withdrawing to a safer wallet. In fact, the global recession has occurred in several countries, and like it or not, we have to be prepared to face the bad possibility of the impact that will hit the economy in bulk.

Recovery after last year's Covid-19 Pandemic has disrupted the balance of the world economy, and we are in recovery maybe not as bad as during the Pandemic. There is no need to panic excessively because we only need to control finances as sparingly as possible.

Thomas Kralow

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Quote from: bastian466 on October 13, 2022, 09:58:10 AM

Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks

The worsening economic situation is not just because of the epidemic and uncontrolled inflation. And great power politics and the Russia and Ukraine wars. I am an ordinary person. In many cases, I can only accept the real results. Maybe I will sell my assets to others to reduce my risk. Gold (if there is no bitcoin), and then I will continue to maintain my business, and I will be satisfied if I can make ends meet.

South Park

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Quote from: yohananaomi on November 04, 2022, 06:33:37 PM

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True, my country has gotten a lot of warnings that economic recession immediately occurs so that everyone must be effective and efficient in spending money, the main factor is the number of companies that go bankrupt and make unemployment increase significantly so that the threat of economic recession is increasingly apparent.

it seems that many countries have indeed been warned by the world body IMF about this crisis which is likely to hit several countries in 2023.
the warning as a sign that they will get financial assistance to be able to heal the economy. all because of the many factors that occurred, one of which was because many companies went bankrupt, so that income from the tax sector could not receive the maximum to increase the state treasury, and the state had to spend a lot of funds for bailout assistance from several sectors that were no longer able to carry out activities.

Getting help from the IMF is just a temporary solution, eventually the countries which ask for loans from the IMF have to pay them back with interest, and while this is possible for the economies that are still relatively healthy, for the countries in which their economies collapsed this is not possible and they are just delaying the inevitable, and if anything it is better for them for their economy to collapse before they ask for any loans, because if they accept those loans to delay the collapse and then there is a collapse anyway from that moment on the IMF will be the ones taking the decisions they must follow in order to repay the money they owe.

yohananaomi

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True, my country has gotten a lot of warnings that economic recession immediately occurs so that everyone must be effective and efficient in spending money, the main factor is the number of companies that go bankrupt and make unemployment increase significantly so that the threat of economic recession is increasingly apparent.

it seems that many countries have indeed been warned by the world body IMF about this crisis which is likely to hit several countries in 2023.
the warning as a sign that they will get financial assistance to be able to heal the economy. all because of the many factors that occurred, one of which was because many companies went bankrupt, so that income from the tax sector could not receive the maximum to increase the state treasury, and the state had to spend a lot of funds for bailout assistance from several sectors that were no longer able to carry out activities.

Silberman

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Quote from: Wong Gendheng on November 01, 2022, 04:44:15 AM

The threat of recession is always a frightening thing, but this fact is difficult for us to avoid because the source of inflation problems is paper money that is not valuable, of course there are many theories to be able to overcome the recession but the simple thing for us is to continue to find sources of income.

Getting more income is without a doubt a good idea if you can do it but we can do more than that, if you can avoid to get any kind of debt then you should do so as having high levels of debt could consume all of that additional income you are getting, and finally investing in a store of value is important as well, it does not matter if you do not pick bitcoin as your main store of value, you can use gold, real estate or whatever works for you, but invest in a store of value now before it is too late and your fiat losses even more value.

Wong Gendheng

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The threat of recession is always a frightening thing, but this fact is difficult for us to avoid because the source of inflation problems is paper money that is not valuable, of course there are many theories to be able to overcome the recession but the simple thing for us is to continue to find sources of income.

Silberman

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Quote from: CageMabok on October 29, 2022, 05:41:56 PM

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True, my country has gotten a lot of warnings that economic recession immediately occurs so that everyone must be effective and efficient in spending money, the main factor is the number of companies that go bankrupt and make unemployment increase significantly so that the threat of economic recession is increasingly apparent.

I haven't seen that happen around me, not even in my current environment. Because in general the number of unemployed in my country is always increasing even though there is no economic recession like last year. I see this when every year there are so many graduates who don't know where to work, unless they want to build their own business to earn income according to their respective expertise.

Businesses exist to give profits to their owners and after the huge crisis caused by the pandemic they are trying to recover the money they lost during that time, which is why they are not hiring new employees even if things are not as bad as they were before, and I do not think this is going to change any time soon as even if things are not as bad as they were during the pandemic it is not as if everything is fine, so business owners are probably preparing themselves in this case of another crisis emerging.

CageMabok

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True, my country has gotten a lot of warnings that economic recession immediately occurs so that everyone must be effective and efficient in spending money, the main factor is the number of companies that go bankrupt and make unemployment increase significantly so that the threat of economic recession is increasingly apparent.

I haven't seen that happen around me, not even in my current environment. Because in general the number of unemployed in my country is always increasing even though there is no economic recession like last year. I see this when every year there are so many graduates who don't know where to work, unless they want to build their own business to earn income according to their respective expertise.

Casdinyard

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Quote from: bastian466 on October 13, 2022, 09:58:10 AM

Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks

I don't think COVID-19 plays a huge part to the current decline of the world economy if any at all. Tensions between Russia and Ukraine as well as other factors are the reason why our current economy is at a Mexican Standoff with itself. That being said, nobody but the rich and the intelligent and wise will be ready for when the recession comes, so if you're not rich, at least arm yourselves with the proper information. Gather enough data and from there make an educated strategy to help arm yourself against this impending disaster. It has been a long time coming, good thing unlike the 2007 crash, we have bitcoin and other cryptocurrencies to help support ourselves.

Topic: Global recession alarm, safe money (Read 904 times)