I'm not optimistic about the economy in general but I'm very optimistic about the future of Bitcoin, not only is it going to hit six figures but it's on its way to global adoption soon in the future.
I'm also optimistic that it's not up to governments to ban cryptocurrencies, I'm not sad if they ban some because many of them are already worthless, but the general idea is that they can't ban bitcoin and other major currencies.
What I care about is that after all these big problems and strong campaigns on exchanges and companies related to Crypto, in the end, Bitcoin emerged as the biggest victor, and the community and even large companies’ confidence in Bitcoin increased.
Topic: Has everyone become too pesimistic about the economy? - page 8. (Read 1089 times)
Recession is normal in a country's economy due to the high rate of inflation that we are experiencing. It wouldn't be the end of the road for us,if recession comes because there will be a way out of it.
It's not the end of the road; however, we need reassuring and positive news in the media. In an era where the wealthy are accumulating more wealth amidst a struggling economy, it is deeply concerning.Definitely institutional investors will cone back and bitcoin will get to six digits.I believe this will come to pass soon maybe in 2025 or later on,from the look of things.
Institutional investors are preparing themselves for the space industry, but I believe the response from the SEC has not fostered greater commitment. 
Personally, no I'm not worried. Once again, I have to point out I'm over 50 so I have seen this cycle a lot. Are we going to hit as had as in 07/08 or 91/92 or a couple of times in the 80s? No I don't think so. I think this is going to be closer to the .com crash in 01. Certain sectors that rely on borrowed funds are going to be hit as interest rates go up and borrowing slows. And people and businesses who did not prepare (it's not like we didn't know this was going to happen in 2020 when the governments started to give away money) are going to take a hit.
But the people and businesses that saw and planned and don't live an debt see this as a very good thing in the economy, it will cause the weaker businesses to fail the the stronger ones to pick up more market share and profits. Same with people, those who saved and planned can get their larger house or whatever since the idiot who didn't not can't afford it and has to sell at a loss.
Just my view, I could be wrong.
-Dave
But the people and businesses that saw and planned and don't live an debt see this as a very good thing in the economy, it will cause the weaker businesses to fail the the stronger ones to pick up more market share and profits. Same with people, those who saved and planned can get their larger house or whatever since the idiot who didn't not can't afford it and has to sell at a loss.
Just my view, I could be wrong.
-Dave
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
- That the Russia - Ukraine war will not escalate into a European war
You might disagree with me. But world war three has started already. It's we who do not pay enough attention to it because it's not a new thing. We show sympathy when something begins, and then we start to forget everything when it's started getting a bit old. Several war has been running for a couple of years we ignore them.
Who powering Russia in private? Do you think it's only Putin who doing this? Do you think he doesn't have supporting countries? There is a cold war happening in private and you don't know about that. This is not as simple as it looks like. I am expecting those wars will end up slowly and economy in every county will recover slowly.
- The economy is not going to crash into a recession
Recession is normal in a country's economy due to the high rate of inflation that we are experiencing. It wouldn't be the end of the road for us,if recession comes because there will be a way out of it.Quote
- That the Russia - Ukraine war will not escalate into a European war
I don't think can you understand what is going on presently. EU are backing up Ukraine because they feel that Russia is a threat to EU. I saw on news this morning when Ukraine was saying that Australia failed to give them the warship as promised earlier on to support them in the war but donations was given. This war is not just between Russia and EU both US has joined the EU to fight Russia and some other countries too that is not in Europe.Quote
- Institutional investors will come back and take Bitcoin to six digits.
Definitely institutional investors will cone back and bitcoin will get to six digits.I believe this will come to pass soon maybe in 2025 or later on,from the look of things. 
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
- 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
Yeah me!
Everyone was going doomsday with everything going down, half of the economy shutting down, twice the total number of companies in a country going bankrupt, the euro going to parity with the cent, Europe freezing to death or driving donkeys whatever cam first, nuclear warheads for everyone at Oprah, and when you look at live cams from the beaches you will see that outside the bunker life goes on! Normal life and the economy have found a way after two world wars, numerous economic crises, and far deadlier diseases. Rember how we were doomed in 2009? It's just a repetition!
But here on this forum, a total collapse was seen as a path to 1 BTC to a billion, god knows why and how would have that worked so the cult was in full swing and gaining adepts by the thousands!
In times of turmoil, a pessimistic view is actually a good thing. It indirectly forces us to build a better future.
That's the definition of optimism!
Quote
- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That there will be an actual soft landing
The optimist always hopes for the best outcome no matter how bad the situation looks, while the pessimist always thinks the worst will happen. I always try to think positively, but at the same time make decisions according to what is happening in the world.
Quote
- That the Russia - Ukraine war will not escalate into a European war
It's already a European war, because you can hardly find a country in Europe that doesn't support Ukraine financially and militarily. Like it or not, the EU is at war with Russia, although some pretend that this is not happening.
Quote
- That Gensler CAN'T truly ban crypto
He himself can't do anything, and I don't know why people even mention him so much since he's just implementing measures of current U.S. policy, which is actually a continuation of what Trump didn't get to do in his term. After Gensler will be "Gensler" again, let no one deceive themselves that the problem is only in one man.
Quote
- Institutional investors will come back and take Bitcoin to six digits
They probably will, but they are a two-edged sword and will only be good for those who want to profit from Bitcoin no matter what happens after. All these big investors are with Bitcoin only for profit, and when they start selling en masse we will find ourselves again at four-digit figures. It may seem like a good opportunity for some, but a drop from $x00 000 to just $x000 would be a very bad sign for all future investors.
I try to remain optimistic even though it is not easy but by always thinking pessimistically then it will be even more difficult because it will prevent us from being able to see the good opportunities available in front of us to make our economy better.
The state of the economy to be honest is not better than a couple of months ago seen the value of money decreased so that many basic goods increased while the income increase is not proportional to the increase in prices, which can be done by trying to find additional income and re-adjust all the needs that are not so important to be issued in the list in order to remain able to invest.
While regarding the state of the world such as war and others, believe that every country will be able to find the best solution so that it does not expand so as not have a worse impact on the economy.
The state of the economy to be honest is not better than a couple of months ago seen the value of money decreased so that many basic goods increased while the income increase is not proportional to the increase in prices, which can be done by trying to find additional income and re-adjust all the needs that are not so important to be issued in the list in order to remain able to invest.
While regarding the state of the world such as war and others, believe that every country will be able to find the best solution so that it does not expand so as not have a worse impact on the economy.
- 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
Well, i do agree with your 2, 3, 4, 5 point, does this also makes me Pessimistic, well, pessimistic is the one who always see the evil and bad side of something, and you mentioned some good points, so i do not think we both are pessimistic. But for the first point of market is not going into recession, my POV are different.- 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
Because, market didn't crashed even in the presence of severe bans and cases on Big exchanges and crypto tokens, which changed my POV which was pessimistic before but not now. As, market has proved itself worth enough to challenge economic sentiments which were driven by most pessimistic but by unintentionally.
- The economy is not going to crash into a recession
This isn't the first of its kind to be receiving the threat on recession on global economy clampdown, there are many other inclusion to having this happens and the world global economy gets affected by it, but if adequate preparation is made, we will receive the best cover to shield against the consequences of looming into recession.
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That the Russia - Ukraine war will not escalate into a European war
The Russian Ukrainian war is now turning a global concern the more since many countries had been affected by this, week that's why you could deduce from the recent move by the African leaders to plead on possible suggestions to end the war, if this does not end soon it may definitely got escalated to the European countries.
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits
- Institutional investors will come back and take Bitcoin to six digits
Cryptocurrencies may not be banned completely because it constitute the most reliable digital asset bitcoin, the government couldn't made this happen and I don't think there's a great amount of test to raise as counterfeit agaist bitcoin adoption from the global level down.
In times of turmoil, a pessimistic view is actually a good thing. It indirectly forces us to build a better future. We indeed should fear that war escalation is a probability, I bet you don't want just to be ignorant about it and take the issue as nothing significant.
A pessimist take on the economy is expected. IIRC, citing from a book, I forgot what it is called, there is another example of a good story, the Atomic bombings of Hiroshima and Nagasaki completely obliterate the socio-economic condition. Fast forward to now, we know how Japan recover and rather leads the world economy. I believe if they took an optimistic view the day they got attacked, it is truly absurd and won't do much considering the condition.
A pessimist take on the economy is expected. IIRC, citing from a book, I forgot what it is called, there is another example of a good story, the Atomic bombings of Hiroshima and Nagasaki completely obliterate the socio-economic condition. Fast forward to now, we know how Japan recover and rather leads the world economy. I believe if they took an optimistic view the day they got attacked, it is truly absurd and won't do much considering the condition.
- 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, the idea is well gotten, only that all countries will not enter into a recession. Meaning that I don't believe in a global recession this time, it only threatened but subsided already. Except that some poor countries are there already, it's just that when the countries of the world power are not there, it's not always spelt out.- 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.
Also, it's only God that knows how much the Russian-Ukriane war would escalate, and I believe it all depends on Russia. If they use a more aggressive approach and fought with forbidden weapons or strike NATO nations, it can escalate. As for crypto, regulation is a must and the regulation will even remove the ban from some countries as they would rather copy others over time.
Lastly, the institutional investors are already controlling Bitcoin but the next halving period will be the first they are strongly in charge of the coin. It's, therefore, possible that they use their billions of dollars to push the asset further than $100,000 between 2024-2025.
Quote
- 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.
- 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.
1.Even if there's a recession, there will be recovery after the recession.
2.I don't know what exactly do you mean by "soft landing". A recession doesn't necessarily mean a nosedive crash of the economy.
3.I'm also positive about the war in Ukraine not escalating into World War 3.
4.Gensler doesn't want to ban crypto(maybe except the shitcoins). He wants the big crypto companies to follow the rules. There's nothing wrong with that.
5.The institutional investors will come back somewhere around 2025.
I'm a bit skeptical in the short term, but I'm optimistic for the long term.
Human emotions are the most easily affected and shaken, when our lives are constantly facing difficulties, it is also inevitable that people become pessimistic. But not all will be pessimistic, there will always be two opposing schools in every situation.
Honestly, the economic crisis isn't necessarily a bad thing. Sometimes it will negatively affect many areas and many people, but not all because when others collapse, it is also our opportunity if we know how to take advantage. Like the covid 19 pandemic, many people have gone bankrupt, but many have become rich because of it because they know how to take advantage and find opportunities with it.
Some friends I know, they took a risk when they invested in the health industry during the pandemic, and they succeeded thanks to the pandemic when all other sectors were closed, but the health industry always had to operate at maximum capacity to meet demand.
Honestly, the economic crisis isn't necessarily a bad thing. Sometimes it will negatively affect many areas and many people, but not all because when others collapse, it is also our opportunity if we know how to take advantage. Like the covid 19 pandemic, many people have gone bankrupt, but many have become rich because of it because they know how to take advantage and find opportunities with it.
Some friends I know, they took a risk when they invested in the health industry during the pandemic, and they succeeded thanks to the pandemic when all other sectors were closed, but the health industry always had to operate at maximum capacity to meet demand.
I'm a pleb like most of you, and I too have, many times, become pessimistic 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 some of the point outlines depend on regions and countries because we have some countries show the economy is already in recession or have passed through a recession multiple times, so being optimistic on a global scale will be far different based on regional differences and effects on individuals' economy. - 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.
But again we are hopeful that the global economy will witness a revolution that will catch across the globe, the recession should be treated as a global economic crisis and at that, we must look into other sectors that can act independently e.g Bitcoin which is a global economic tool that can transform the economy if properly engaged.
This will give birth to Bitcoin becoming a global economic instrument, again this is based on hope and wishes or being optimistic.
For the problems of institutional investors, I think they will definitely come back, maybe even they are slowly coming back. Many large companies today have approached crypto. Even with blackrock's current approach proposing a spot Bitcoin ETF is a sign that big things are coming.
There are more organisations that will become investors and many institutional investors are waiting for the right time to invest more. But we should not only consider institutional investors because there are retail investors too that their investment can increase bitcoin price. You highlighted good points. But did not mention a single bad point because of which people are pessimistic. We should see overall picture, not just one side.
Then what is bad point? For not mentioning it makes your post to be spam and of no quality. 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.
- 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.
You highlighted good points. But did not mention a single bad point because of which people are pessimistic. We should see overall picture, not just one side.
I personally am quite optimistic about the conditions in my country which will be able to avoid a recession. Although the news media has a lot to say about being wary of a recession. but in fact in the field around me, I see that economic conditions are improving. where the level of people's spending seems to be still normal, even I see they have become much more extravagant lately. and inflation is still under control here.
For the problems of institutional investors, I think they will definitely come back, maybe even they are slowly coming back. Many large companies today have approached crypto. Even with blackrock's current approach proposing a spot Bitcoin ETF is a sign that big things are coming.
For the problems of institutional investors, I think they will definitely come back, maybe even they are slowly coming back. Many large companies today have approached crypto. Even with blackrock's current approach proposing a spot Bitcoin ETF is a sign that big things are coming.
What I am optimistic about is that bitcoin will get to six digit which is 1$100000 or above. A time is coming when bitcoin will grow bigger. Let us see what will happen after the next halving, I think bitcoin will get there some months, 1 or 2 years after next year halving.
Know that not all altcoins are securities. Litecoin and few others which are not like ethereum are not considered as securities.
- That Gensler CAN'T truly ban crypto
Many crypto currencies are securities just like their father ethereum is a security and becoming more centralised day by day. Ethereum developers are working now to reduce validators from people that stake 32 ETH to people that stake 2048 ETH. Becoming more centralised day by day by all ways.Know that not all altcoins are securities. Litecoin and few others which are not like ethereum are not considered as securities.
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.
- 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.
Jump to: