Has everyone become too pesimistic about the economy? - page 4.

loopes

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Quote from: Wind_FURY on June 26, 2023, 04:52:06 AM

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,
-snip-
- Institutional investors will come back and take Bitcoin to six digits
I'm probably missing more narratives, but you get the idea.

I am optimistic to this and choose to skip to give opinion for the others. Bitcoin has potential to be six digits although i do not certain how long it will take. we can learn from the past that bitcoin always has way to grow it values, then there is not impossible for bitcoin to increasing the price to the m000000n.

Casdinyard

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Quote from: Wind_FURY on June 26, 2023, 04:52:06 AM

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

It's one thing to be pessimistic, but it's also another to be realistic. I enjoy thinking about things getting better eventually since that keeps me off the constant ringing of problems in my head at the very least, but this economic and global struggle we're in isn't going to end or be gone with a few papers signed and hands shaken. You have to understand that the people who involved themselves in this mess had a clear motive in mind that diplomacy in this stage of the scuffle isn't going to fix.

These goes for everything that we're dealing with right now, crypto at risk of getting banned, Russia not relenting from annexing Ukraine, China's housing bubble collapsing, among other issues, as well as other stuff. This is real, this is happening, optimism is great but if it takes your eyes off of the real situation it becomes delusion.

Finestream

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With the negative economic condition we are facing right now, I guess only few will still manage to look for the positive side and the rest have eventually turned pessimistic even myself. To the point of not being hopeful anymore with what our government can offer in the future. However, one thing I’m only optimistic about is my bitcoin hodling. I know it will never settle for less but always intend to give us the best and most profitable price. But sometimes we just have to stay patient and never set too much expectations especially when there are a lot of factors that could easily affect the current position of bitcoin.

Jatiluhung

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I personally am a person who always wants to make good preparations to anticipate every eventuality that could happen. including in economic terms. But I don't like calling myself a pessimist. because I personally am quite confident with my financial condition. But in general I may not be too optimistic. because even though currently inflation has decreased in many countries, we need to know that inflation can suddenly return. It is possible for a pandemic to reappear suddenly and paralyze the economy again and make prices soar so high that a recession and inflation occur quickly. But based on the current economic conditions in the country where I work today. then I see this country will avoid a recession and economic growth will improve again. But still I want to make thorough preparations.

Botnake

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Quote from: BitcoinTurk on June 28, 2023, 05:15:20 AM

Although I have an optimistic personality, I have started to have very pessimistic thoughts about the global economy especially in the last 1.5 years. These pessimistic thoughts imprison my mind as I see that the country's economies cannot develop due to extremely difficult conditions as well as the ever-increasing living costs, house rents and personal expenses. I constantly think that we may face an economic crisis worse than the 2008 crisis especially due to the inflation problem we have been encountering recently, the impoverishment of the households and the fact that the central banks are constantly printing money.

In general the economic measures taken are only to save the day and if we need to think about the negative impact on the economy in the long-term process, unfortunately, there is no other time left to be pessimistic about the world economy.

I guess a lot of people have turned pessimistic based on what they currently experience not just with the government’s economy but most especially to their own economy as well. Even those living with silver spoon may also have felt the effects of inflation as well. This should be an eye opener to everyone that there’s no way to escape inflation rather than to explore the world of decentralization and invest their fiat into bitcoin so they can overcome the effects of inflation. And by keeping your savings in bitcoin, not only you will save transaction costs but it will also pave way to your own life’s economy progress.

siniminomorocomunisakito

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Quote from: zaim7413 on July 03, 2023, 05:07:23 AM

An excessive level of worry makes optimists turn into pessimists, all of that is just speculation that hasn't come true. The Russia-Ukraine war was only limited to a dispute between the two countries, at least I see this condition will not spread widely into a European war. Recession is like an invisible virus, frightening but not necessarily affecting all levels of society.
An economy that is still stable in a country makes the recession virus die by itself. Changes in a scary situation start from yourself how to organize the economy to overcome scary problems. Big companies have started to move towards crypto assets, you can follow in the footsteps of institutional investors to move fiat money into Bitcoin on a CDA basis, you have to be optimistic that one day Bitcoin will reach six digits.

It has to start from the smallest element, who else are we? Indeed, the current economic situation is not very good. Many people complain and feel hopeless to see that this can be seen from the people's interest in meeting their basic needs. Yes. The government here also has a role and don't close your eyes.

Yes. now many institutions and investors are starting to look into this market. and it's not wrong what you convey by reading it so follow their pattern. in when they come in and out when they leave.

zaim7413

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An excessive level of worry makes optimists turn into pessimists, all of that is just speculation that hasn't come true. The Russia-Ukraine war was only limited to a dispute between the two countries, at least I see this condition will not spread widely into a European war. Recession is like an invisible virus, frightening but not necessarily affecting all levels of society.
An economy that is still stable in a country makes the recession virus die by itself. Changes in a scary situation start from yourself how to organize the economy to overcome scary problems. Big companies have started to move towards crypto assets, you can follow in the footsteps of institutional investors to move fiat money into Bitcoin on a CDA basis, you have to be optimistic that one day Bitcoin will reach six digits.

KingsDen

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Quote from: Wind_FURY on June 26, 2023, 04:52:06 AM

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

Even if I will manage to be optimistic in all the options you mentioned above, I am not optimistic about the economy not crashing into recession. I have read about the economy of different countries, especially third world countries and everything about it is scary.
There is no clear pattern that the government of these countries are implementing to rescue the situation. There are no lasting fiscal policies, there are no citizen friendly laws made to curb or curtail the rate of inflation.
Even as I type now, inflation is eating many countries raw.

Then the saddest part of it all is that the greedy leaders of these countries in mess have no other alternative than to print more fiat which they will end up embezzling .

Lamkuthang

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if we see the development made shaking his head. when the market is green, there are issues that are built with various narratives that are developed to attract attention. but, I like one of the 5 above namely "Institutional investors will come back and take Bitcoin to six digits" and it is true that institutional interest in Bitcoin has increased over time. whether this will be a strong stepping stone into the six digits. Hopefully so.

Cling18

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Quote from: ?? on ??

It's true that some people may be overly pessimistic about the economy in general. Pessimism can be influenced by a variety of factors, including global events, political uncertainties, and financial market volatility. However, excessive pessimism about the economy may not always reflect the true reality. There are likely variations in the results and more optimistic scenarios to consider. However, on the other hand, one cannot ignore the risks and uncertainties that exist. It is important to combine a realistic view with current information and careful analysis to form a balanced understanding of the economy.

Being pessimistic is unavoidable sometimes especially if we're hearing negative news about the economic situation. The struggle in dealing with the recession period makes us think negatively about the economy and sometimes blame the government for what is happening.
However, if we'll look at the positive side, we could see lots of growth economically speaking. Lots of opportunities have opened for everyone and people could grab more jobs from businesses both physical and remote. I think if we'll focus on the development and growth of the economy, we'll not always be pessimistic towards it. We should keep in mind that some events that affect the economic situation are uncontrollable.

mindrust

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You said there won’t be a recession and that might actually be true. However there is another problem which is called “inflation”. I see that you never mentioned it in your post. I agree with your bitcoin prediction though. Bitcoin will stay strong. We don’t know what would happen to bitcoin in a recession and it seems we won’t find out about it soon. On the contrary though, we exactly know how an inflationary environment affects bitcoin.

FrozenBit

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Actually sometimes when we read the news we hold on to those things and turn it into serious problems, I remember many years ago when I was a child people lived on the roof where every time it rained, can fit into our bed, but now the quality of life has changed significantly, we can live in a house with all necessary amenities and do not have to worry about nature problems. So there are things that change over time, life itself will be different, nothing will last forever, the difficulty will also pass soon if we make every effort to try to overcome it. Through them, there are many things that the current difficult economic situation makes our work difficult, but I think society will gradually have a way to overcome and gradually return to the good.

Flexystar

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Sometimes it feels like everything is political agenda. These type of agenda seem to decrease the economic growth for some time, make the world full of chaos, halt supply chain and create an extreme level of demand within the market. Once they are done with optimum level of shortages just start the supply, create own jobs, businesses and run through nations and multi nations.

The gravity of everything is huge and we would never really understand how it works unless and until it’s an insider job.

If not, then let’s assume we will stand back again and economy will reset (with some other factors if not above). It always does.

Darker45

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I think a pessimistic outlook of the economy has always been around. It's always there. Economic sentiments are divided between positive and negative all the time. If we were to go back in time a hundred years or two, the same divide already exists. So I guess there's really not much to be truly concerned of, at least for now.

I'm not saying the times won't turn worse, but if the status quo will remain--an economic challenge here, an armed dispute there, and so on-- there probably won't be something like a global famine or a world war or anything apocalyptic. After all, these problems that we encounter today all form part of the normal dynamics of our existence as a society.

JeffBrad12

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many said that economy has been difficult these past few years, but I think its just market shifting the flows of money to somewhere else, the conventional traditional business in general are having hard time because they are started to get abandoned.
moreover considering the inflation, yes it might be impactful towards some people with fixed salary but i don't think its that significant, as usual, things like basic needs could be fulfilled with having side jobs.
but then again if we see from the perspective of long term things might be different, considering the fact that if inflation keeps getting higher and higher, we'll eventually see some imminent crises arises.

Alpha Marine

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Quote from: Tony116 on June 27, 2023, 05:07:47 AM

Quote from: Alpha Marine on June 27, 2023, 04:43:43 AM

No matter what you do, no matter where you make your money comes from, and no matter how rich you are, the things happening in an economy affects you. You don't have to be dependent on the government before you get affected.
Being optimistic about your future is different from being optimistic about the economy. The economy is bad doesn't mean you won't flourish. People are still leveling up despite the failing economy.

Inflation affects everybody, and the devaluation of currency affects everybody. You can't escape it. If housing fees and electricity bills keep increasing you don't have to depend on the government for it to affect you.

Of course, we will not be completely immune when inflation increases, fiat currency depreciates day by day. But there's always a way for it not to affect us too much. I've never been pessimistic about what's going on because I've been prepared for these as well, and I'm more fortunate that my work has progressed so well in recent years. Therefore, inflation or recession is not a big deal for me, everything is still under my control.
When the recession occurs, not all industries will be seriously affected, there are still some industries that grow quite well, and we still have the opportunity to make money if we know how to take advantage.

In my country, the government came in and began to increase taxes from all angles. Introducing different kinds of payments citizens must make in other to keep doing certain things. Electricity tariffs and the prices of other forms of utility bills have been increased.
A ridiculous increase in petrol prices has led to the increased cost of transportation. There was always inflation but the increase in price in one thing has led to the other (you know the domino effect things have on each other).
So no matter how much money you make, you will still be affected. The poor suffer the most, but the rich are also very affected too.

It doesn't mean you can't make money in these conditions, but it has just gotten harder.
I am pessimistic about my country because with the way things are it's going to get a whole lot worst, but that doesn't mean I'm also pessimistic about myself. I am very optimistic about myself and my business I know I can get better financially and otherwise, but the reality of it is that my country is in a mess and the fuckers handling it are benefiting from that mess, so it won't be fixed anytime soon.

Fivestar4everMVP

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Well, one thing certain is that, no matter what happens, those who believe they are find will be fine,
I am very optimistic that with or without institutional investors, the price of bitcoin will reach and even surpass 6 Digits when the time is right for it..

And one other thing I will like to mention here, sometime I've once said in time past, is that we can never arrive at a time when the economy will be friendly to everyone, this is not about being pessimistic or optimistic, it's the simple fact, we all can only learn to adapt.

Russlenat

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Quote from: Wind_FURY on June 26, 2023, 04:52:06 AM

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

Yes, I find most of the current events are making me more pessimistic that I have lost already my interest to interfere and motivate others to still stay positive. But I know things will not be like this forever, and positive changes will surely come but we never know it’s certain time. That’s why we need more patience to understand the market more especially if we are in crypto investing, and just accept that at some point we need to experience losses and mistakes so we can be molded and be capable from achieving future profits.

TimeTeller

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Quote from: SyndicateLabs on June 29, 2023, 06:57:48 AM

Life is not always predictable and as we would like, I can also see the sadness of many people because life is really hard, but there are clearly many things in life that make life difficult we have to worry about a lot, from food, family, relationship problems outside of family, work, environment, education, health, energy,... heaps of things that I can think about it every day and lament that life is not easy. But that doesn't mean I have to end it with death or give up everything just to live alone and be free, difficulties for us to overcome, there are no limits, don't be so unrealistic more realistic for the present life is something that I draw on myself after many different failures in life, and always cherish in this life and love people and other creatures.

And we should also look at the brighter side of things, and be grateful for what you have as people say it.
Sure, there are so many obstacles in life, but if you will give up early, you won't see the other side of the rainbow.
Don't overthink about things that you have no control of, take one step at a time, lower your expectations.
Have reality check every once in a while, you can't change things around you but you can change your perspective on things.

nurilham

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Quote from: CageMabok on June 28, 2023, 09:16:59 AM

I think I also have to agree with what you say, because almost everyone has seen and probably felt it when a country is not in a safe condition. So that makes citizens not so free to work even though the citizens work online, so I think there is no need to be too arrogant even though you can make money online because basically every citizen also has to follow the rules of their respective countries so that their life becomes easier. safe and easy to work with. Because I can't imagine working in a country that is not safe or in a country where conditions are at war.

Indeed. Although people can earn money from online jobs, the condition in a country must affect significantly to every one. When a country is in a war, people must feel fear about the situation, they won't focus on working their jobs. If anything happens to their country, it will bring the impact directly to them. Sure, everyone must obey whatever the policy or regulation on the country, no way to live independently 100%.

Quote from: Unbunplease on June 28, 2023, 01:55:44 PM

Recession is more of a manipulative threat. Prudent politicians will not allow a real recession, or it could have unpredictable consequences. Fear of recession creates space for short-term manipulation. Of course, such a possibility is worth considering, but there is no 100% guarantee of a recession.

It is actually an old issue. Not sure whether we are experiencing a severe recession or not. In certain situation, this issue looks like a manipulation to spread FUDs. With that issue, the government can make a certain policy that people won't argue due to the recession matter. In my country, the policy of increasing the price of varied goods or petrol has been made because of the recession issue.

Topic: Has everyone become too pesimistic about the economy? - page 4. (Read 1090 times)