Topic: Has everyone become too pesimistic about the economy? (Read 1042 times)

With all the inflation and doom that almost everyone sees on the news, it's difficult to be optimistic about the economy, people are tired with the old system but they don't have the balls and heart to unite together to destroy this system that's oppressing everyone, a lot of those that are pessimistic about the economy are secretly wishing for a catastrophe that will turn the world upside down.

Economic uncertainty can make someone lose hope in what they are doing and this makes someone not do anything that can make their economy better because they tend to think pessimistically about what they will do so they will not start anything that could make their economic situation better.
Yes, of course we have to be optimistic about what we are going to do and we also have to be confident in all our abilities so that what we are going to do is successful according to what we have planned.

Yup, I've been cautiously optimistic about the economy, particularly the growing interest in cryptocurrency. While it's tempting to envision my investments skyrocketing, I understand that reality rarely aligns perfectly with our hopes. Excessive optimism can lead to disappointment, and undue pessimism can create unproductive anxiety. Therefore, I acknowledge the potential for both positive and negative outcomes, and I'm prepared for whatever the future holds

This thread from mid 2023 did pretty well in not believing into all these negative news are facing for years. Except for the last part with a Bitcoin price above 100,000 USD all the points seem to be true and the world didn't collapse yet in a downward spiral. The Russia Ukraine war is still ongoing, but not swapping over to other countries. Inflation seems to have dropped back down to lower levels and the world economy avoided a recession. Even the war in Israel didn't push the world deeper into a world wide crisis. Both stocks and crypto prices recovered a lot in the last few month. So any pessimistic investor from mid 2023 did very poorly. It pays off to be optimistic and any hodl investor did very well. It's better not to fall into panic sentiment as many newspapers are promoting, for them it's a business strategy because bad news are selling better.

Most people have a mix of optimistic & pessimistic views about the economy. It’s common for people to be more inclined towards pessimism due to economic uncertainty, personal financial struggles or negative media coverage. Pessimism can be fuelled by a fear of economic downturns & a reluctance to take risks. It’s smart to realise that economic trends are complex & can vary across different regions & sectors. You should always critically assess both optimistic & pessimistic viewpoints to gain a more balanced understanding of the economy.

Of course everyone needs to know that the economy is going to Change from bad to good but there's never a time that we hear something good from the media about worlds finance or economy.Its always a sad news,an hypertensive news or even the news that can even worsen the ongoing crisis.We're always anticipating for a better economy,but yields tend to fall when bad things are happening in the economy.

Long-term Bitcoin investors can protect their money against inflation. However, as you said, someone who buys Bitcoin at a high price will not be able to protect his money against inflation at the current level. Gold has always been among the first choices in this regard. However, when Bitcoin is purchased when its price is low, its return is much higher than gold. So it depends a bit on one's preferences and how long one waits.

I think these levels are a buying opportunity for Bitcoin. Even if the price falls, it will not take long to recover. That's why I think investing in Bitcoin is the first choice to preserve the value of our money.

The government is definitely to blame.

Are you going to blame the people for thinking wisely and not spending the stimulus check they got from the government which the government is hoping the people will spend, cause instead of doing moves that will make people smarter about money and the economy, they're throwing useless shit like the fucking trigonometry which, while I must say is something nice to learn, is not something I have used so far in my entire waking life since I learned about it?

It's not the people's fault that the currency is rapidly declining when the government were the ones that are misappropriating the funds, allocating trillions of dollars on defense and military while the rest of the important sectors are dying of thirst and hunger from the lack of funds. It's not the people's fault that they can't trust the government anymore, and are inciting riots after they've been let down and systematically abused by the government who promised to protect them.

So yeah, it's not the people's fault and being neutral here isn't the way to go. You have to understand that none of this shit would've happened if not for poor governance and better use of the taxpayer's money. Instead they use that shit to bail billionaires when they go bankrupt.

We can't blame the government entirely, because the community also plays a part in why things happen. I'm not here to support the government or blame them, I'm trying to be neutral at the moment.
What if you were in their shoes, would you say the same thing? I don't think so. It's not uncommon for the government to make policies in favor of its people, but the people can't make good use of those policies. There are also positions where government policies are not in favor of the wider community. Instead of blaming each other, it is better to introspect to make a good continuity.

In that context, when you zoom in to the part of the cycle that goes from bullish to bearish, it doesn't. But if you zoom out the U.S. Dollar's true value in purchasing power, and consider that fiat is unlimited, and Bitcoin's supply has ossified to a total of 21,000,000 coins, then it does and it always will save you from inflation. Although it's going to be a low-time preference HODL.



That simple illustration should be shown to as many people.

Bitcoin can't always save you from inflation, imagine if you bought Bitcoin at 60k and 50k to save your funds from inflation, what would you say when Bitcoin was worth 16k? Not the best asset to save your money from inflation, right?

Gold would probably be more suitable for these purposes, since Bitcoin is still very volatile.

But perhaps if you buy Bitcoin now, it will turn out to be an excellent investment tool and will save your money from inflation. Therefore, when it comes to cryptocurrencies, knowledge of the market is also required.

In an investment perspective, being a pleb who's easily tricked by my own emotions, it's harder to try not to be bullish over this small surge in the market because we know interest rates are going to be "higher for longer", everything will still continue to tighten, and that we haven't seen its full effect in the legacy markets and in the cryptocurrency markets. We also haven't seen the actual goal of the tightening - Mass lay-offs, business closures, and an economic crash/recession.

I'm not sure who's lying. Are the bearish fundamentals lying, or are the bullish markets? Where are we currently in the Economic Cycle?

Better be pedantic than be delusional yeah? Lol I get what you're saying. And while I don't share your ideologies of "just living in the moment and not thinking too much about things" (I'm not an absurdist myself), I can see why that would work, especially if you're living quite alright for yourself anyway that you don't have to worry about the most basic things for survival, which fortunately for us are a great portion of the populace. My take is more of a call to action than something that I demand everyone to live by really. Considering that we can't do much really besides complain and take action. At the end of the day, I support whichever line of thinking keeps us afloat, it's hard enough to live these days, it's going to be even harder to live by the ideals that someone has set upon you.

Everyone will definitely be pessimistic when sources of work are not available because without work people will lose the opportunity to improve their source of income and ultimately they will be trapped in an economy that becomes worse.

Unfortunately there are not many sources that are included in the post, so it is quite limited in what we want to talk about and the points don't seem to relate to each other. Basically, a bad economy can cause more complicated problems, so that the impact on society will be much greater. The concept of resilience should be a reference for how a bad economy can be reduced to a smaller level.

The economic crisis is global inflation appears in the lives of common people in the form of high commodity prices. The issue naturally upsets everyone as expenditure is out of balance with income especially the low income people of the society are in the biggest trouble. These are making people more depressed inflation has the greatest impact on people's means of living. Especially people with limited income have to suffer a lot as people's purchasing power decreases many are forced to rein in their spending. But we have to change ourselves to think positively to overcome them saving and investing for the future is essential then there will be less problems in the family side.

Being pessimistic to what’s the current global economy looks like is never new at all. But it would be more possible to attract positivity in life and in the world’s economy if we shift these negative thoughts into chances and opportunities. Like focusing on crypto investment since our monetary value has been declining for quite a year. With bitcoin which acts as an inflation-resistant, we can assure that its price will continue to appreciate throughout the coming years.

As much as I want to say that you're pedantic, I do share your sentiments, with the war going on and seeing how many lives are wasted on it because Putin and Zelensky are doing a big dick competition. I don't share your opinion of being realistic too much though, I think we just need to live in the moment and never think too much about things that only depress us, things will pass eventually although in that regard, it's probably for better or worse. Your solution is really difficult imo because you're building things and in this world, it's easier to destroy things than build something even if it's worth it plus we're living in a dog eat dog individualistic world, it's going to take another Malcolm X and Martin Luther King and Gandhi to move this kind of world.

It is a mistake for people to become increasingly lazy in running a business when they see the many latest investment facilities that they can use, because all these investment facilities are for the sake of making it easier for everyone to invest. This is not to make them lazy in running a business, because business is something that everyone needs to pay attention to in order to increase their own income in life.

When investment should have made it easier for everyone to do it with various facilities now, this has actually become additional space for everyone to do new jobs with better income targets. Because if we remember about profits through investment, it is still uncertain whether we will get it or not, so it would be very wrong if someone started to forget about jobs such as imports and exports when they already know about easier investments.

Even though businesses such as imports and exports are very promising businesses and can also continue to make a profit if this happens every day and someone who is still carrying out work such as imports and exports can also invest in something when they want to fill their free time. So why forget about jobs and businesses such as imports and exports when there are facilities that make it easier to invest, which basically can be used as an additional option to achieve greater income.

hard to be optimistic these days when you can't see any light at the end of the tunnel, and all of these can only happen out of the inert kindness in people, especially the Russian-Ukrainian war. And we all know not to trust that especially during tense situations lol. I say let's balance things out a little, be realistic as it is. There's much reason to be negative about the current situation of the whole planet but there's also many things to be happy about. Either we divert our efforts into actually being part of the change that will make the whole world a better place, or we lie in our dorito-crusted seats and watch as the rest of the planet burns to the ground. Either way we have a choice to make.

I relate to you and I'm sure others as well. Sometimes no matter how optimistic we want to be when we are surrounded by negative things that are happening and by people who are obviously affected by these things, we sometimes can't help but feel a hint of pessimism. For example, although I try to stay positive, whenever I go online and visit my social media account I see posts about how people are having a hard time and bad experience dealing with the effects and situations due to inflation it makes me feel bad and it makes me worry about everything.