Topic: Global recession alarm, safe money - page 5. (Read 1000 times)

And also stop buying anything for now. If you have your assets in USDT for now, it's good to just try not to buy anything and wait for the world to calm down. No buying of real properties, bonds, and stocks. But it's a good thing to physically buy gold and silver once this heat stops because I think we are going back to currencies backed by gold and silver.

Coping with recession and economic downtrend will be more difficult for those who reside in cities, than it will be for rural more sparsely populated regions.

Access to greater living and storage space is a commodity which can be leveraged to elevate standard of living in a crisis scenario. Due to this we could see a mass migration from cities to the country. A greater migration to off grid living and organic farms. City regulation cracking down on homeless populations could accelerate the trend. Although to be fair we have also seen regulation imposed against collecting rain water and independent farms. Perhaps the regulatory maluses will be spread evenly across the board. But even if this is the case, I think having access to more living space to grow food and have greater options is still a commodity over not being able to even keep pets in a city.

Next comes asset options in terms of inflation and recession protection. Feasibility of storage. Ease of use. Market and merchant support. Insurance. Protection against theft. And so on. An emphasis on assets which help to alleviate rising full and transportation costs as well as food costs could be made. The value of diesel engines and diesel powered vehicles could rise due to their flex fuel capability. Diesel vehicles can run on vegetable oil and biodiesel. A farmer with access to crops that can be refined into one or the other could potentially provide for all of their fuel needs.

Food options could also be a concern. While money may not grow on trees. Food certainly does. And perhaps that is something people will make an effort to leverage more in the future. If indeed food shortages and inflation become harsh realities.

This is indeed the result of pandemic and got worsen by the war, the best thing to do this is to stay liquid. Honestly, I'm afraid to invest for now because I know the worst is yet to come and if you want to stay profitable, better to ready your cash and cash every opportunity that may come. We should really be ready for the recession, many says it's already happening but the worst will surely come. I don't know if cryptomarket will be safe from recession, we can only know once we get there.

Buying land here in our place is a very deadly move, but yes, I agree that it is a good investment in long term as well as Bitcoin. What I mean by deadly is because people here are starting to get interest on claiming land that's not even theirs because of poverty I guess or they just love easy money. You'll get killed if you'll fight for your land here in our place, that's why I delisted it in my investment list.

Bitcoin is the safest I guess, just in case world war 3 would happen (let's hope not), and cash it out as much as you can because if I'm not mistaken, fiat is the most important thing to have when that happens.

If your investment is in a solid project, moving into another is not an option since the market won't stay down for a lifetime. Although you might want to have a planB incase of any unforseen circumstances.  In this case, diversifying to other assets will be good, especially the less volatile ones to keep your funds safe. You can also decide to keep 90% of your funds on stablecoins until the bear market is over, and don't forget you can stake to earn passively.

Not only that, don't forget the war and the shortage of food and other supplies.

Well, that's why we have investments and assets. If you can't take it anymore and there's a need to dispatch your assets and sell them for profit as you need cash, you have to do what you're up to and take that decision for your survival. But there are assets that are not worth selling at these times because they might grow more when things have become calm. So before doing that, you need to assess it if there's really a need in doing so.

I think the few things that one should do for sure is first to create a sort of emergency fund or savings fund which can help you with your necessities for atleast next 6 months if you lose your job or business income. Similarly one should then create a basic fund into some fixed asset which will be used for your big expenses in near future which are obviously necessary like can be your marriage or a higher education degree or anything. Rest of the assets you shouldn't touch. An aggresive person might try to sell the assets to buy cheaper later but practically it's almost impossible so not a wise thing to do.

I'm still trying to stick to my investment and not withdraw any assets right now. Because I don't think this is about the COVID-19 pandemic, but entirely due to the inflation that is going on so that the decline in the price of any asset is still happening until now. And this is not the end of everything so choosing to stay in the investment is also a good choice and it will not bother investors at all.

Exactly the opposite, COVID-19 pandemic pushed the cryptomark up in reverse, back then were very profitable times. And today's situation has completely different roots and will continue to do so until the global world situation changes. Anyone who has converted their coins into stablecoins in good time simply waits until the best time to enter comes

Yes, that is why many long term investors are investing their money on a potential coins that will give them double profits at the end of the inflation. Since Bitcoin investment didn't fail investors during the pandemic period, I guess it will not still fail investors in this global recession that is preparing to appear in the global world economy. Now that the governments is making some requirements to stop the massive inflation not to collapse their economy like the way pandemic collapsed some countries that didn't make Bitcoin legal in their country.I don't think, government officials will allow citizens to experience this inflation that is about to happen in the world to reduce people resources and cause hardship in the societies.

Agriculture. My mother taught me how to grow crops, from growing rice to vegetables for daily needs, sometimes when there was more we sold to middlemen who passed by. things like that are very petrified the family's economy.  By diversifying, it can reduce risk because the losses experienced will be covered by profits from other business segments so that risk will be reduced.  Well, investing in land and gold is indeed good, safe and low risk but it takes a long time to get the benefits, that's in my opinion

Covid-19 pandemic doesn't huge as few years before, the 2023 recession are because Russian invasion on Ukraine and bad economy on western countries. This recession is increase the inflation rate and make many countries are in worse situation.

If you idle money, you should convert your fiat to investment assets e.g. Bitcoin, gold, silver etc. Stock isn't a good idea since the performance is depends on the company, most companies wouldn't make profit on recession.

Companies are probably where the investment gets focussed here imo. If they're all putting up their prices in line with inflation then quite a lot should make a decent profit out of it (most financial institutions have put up staff wages by 20% already, that money will have to go somewhere as well as the extra money the banks are getting in higher interest - and other companies will have to get in to cover buying new stock and emergency funds just in case their stock increases in cost more rapidly than they expect).

Diversification cannot be over emphasized in this.
Obviously, fiat fluctuates in value and would likely lose some value in a recession. The best steps to do now is to diversify and spread your earnings into wise and steady investments like land, gold.

In and out of a recession, it’s also very wise to invest and indulge in agriculture. Grow your own cash crops that would bring in some income and also get you fed.
The key word is to diversify

COVID-19 by this time? That should be in the past. But your question is still valid because fiat value always depreciate in long term.

Diversify.

Buy land, gold, bitcoin and other valuable assets you know that their worth will keep appreciating in long term. Also go for lucrative businesses in your area.

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