Is recession coming actually? | Bitcointalksearch.org

Lida93

hero member

Activity: 742

Merit: 529

Quote from: a298b112 on October 31, 2022, 04:54:58 AM

I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

If I should be sincere with you then I would tell you we are already into the recession and we are all pretending like it's still yet to come while it's already with us. Every government is just managing to buckle up and patching their loopholes so it citizens doesn't feel the effect of the recession so hard but for how long can they hold. Look at the prices of commodities in the market topping up speedily on a daily , unemployment soaring high even as those employed are being layed off cause the companies can't bear the cost of their numbers.

Time is of the essence so before things go worse you better get yourself prepared by engaging yourself into
sources of multiplee streams of income as to meet up with the hikes of standard of living cause we're already in the start of a recession.

Pejoh Asu

sr. member

Activity: 1484

Merit: 254

Quote from: Sayakaaja on November 29, 2022, 11:06:22 AM

a recession will surely come at its time. No matter how advanced the world is now, surely someday something complicated will happen and come a recession.

Recession is indeed felt especially since the last 2 years because of the pandemic, we can never stop the recession and the thing we can do is to continue to find a source of income so that we can meet the needs of our lives and not make us sell assets, many things we can do to add Income for example when free time makes videos or tiktok so that they can earn income when many people are seen.

Sayakaaja

jr. member

Activity: 98

Merit: 3

a recession will surely come at its time. No matter how advanced the world is now, surely someday something complicated will happen and come a recession.

Doan9269

hero member

Activity: 812

Merit: 560

If recession should be coming now or in the near future ahead what are the preparation that we have to tackle the impact on us and the economy at large, we sometimes say somethings and oftentimes take no action against what we foresee to happen which is going to affect our world we lived in, if we cannot proof it that we can tackle the inflation that is hunting down economics how sure or prepared are we to handle or cope against recession if something like that should happen.

Lubang Bawah

sr. member

Activity: 1358

Merit: 253

Quote from: tuertezii on November 28, 2022, 03:16:18 AM

Quote from: dezoel on November 19, 2022, 04:30:31 PM

Quote from: mich on November 18, 2022, 05:40:03 AM

Well this is a recession right now we are witnessing and getting out of a financial hole can be a struggle but it doesn't have to be such a bad time. Many people become depressed at times like this because of the 'bear market' and loss of profits.
There was a time I was in serious debt and thought I would never get out. I got seriously depressed, I mean I got pretty bad there for a while. I started only seeing the negative in my circumstances.
After talking to a friend at some point I got introduced to meditation around that time and started practicing regularly. The debt was still there but I wasn't as stressed about it. I realized it was much easier to live simpler, spend less and enjoy the process of digging my out.
I eventually did pay off my debts, partially it was due to a lucky investment but I also think it had a lot to do with getting out of the negative mental trap I was in. If I had any advice I would say get your mental health into a great place and then focus on the debt, at least that worked well for me.

I agree that there could be some silver lining in all of this. It’s going to be a horrible financial period but using this period as a stepping stone, you could end up a lot richer in the long run after a while. The biggest problem is that we are all having hard time finding cash flow to invest, because after all our salaries are not enough to both survive, and then save some aside and make money. In these type of situations liabilities should be sold, and assets should be bought.

I have sold my playstation 4, my g29 driving set, my old laptop (got a new pc) and many other things during this period and put it all on bitcoin. If you cannot find money, look at what you haven't used in a while, even my old iphone 6 was sold for 200 bucks which I was shocked, but look at what you don't need, and if you can sell them and turn that cash into assets that could make you profit later on.

This time the Great Recession is the first time I have personally experienced such an obvious gap between prices and income. I sold my car and some collectibles for daily expenses. If this continues Need to sell bitcoins to survive.
I don't know how to get through this cycle, and I don't know how long this cycle is. I thought I could reach a class leap after working hard in encryption for a few years, but I didn't expect to return to the proletariat.

The current economic condition is very difficult and selling assets is a difficult choice, but I suggest using money from the sale of cars for business such as fisheries or vegetables, do not need large capital but at least can increase income because of breeding fish and vegetables is easy and We can do it in narrow land.

tuertezii

jr. member

Activity: 58

Merit: 11

Quote from: dezoel on November 19, 2022, 04:30:31 PM

Quote from: mich on November 18, 2022, 05:40:03 AM

Well this is a recession right now we are witnessing and getting out of a financial hole can be a struggle but it doesn't have to be such a bad time. Many people become depressed at times like this because of the 'bear market' and loss of profits.
There was a time I was in serious debt and thought I would never get out. I got seriously depressed, I mean I got pretty bad there for a while. I started only seeing the negative in my circumstances.
After talking to a friend at some point I got introduced to meditation around that time and started practicing regularly. The debt was still there but I wasn't as stressed about it. I realized it was much easier to live simpler, spend less and enjoy the process of digging my out.
I eventually did pay off my debts, partially it was due to a lucky investment but I also think it had a lot to do with getting out of the negative mental trap I was in. If I had any advice I would say get your mental health into a great place and then focus on the debt, at least that worked well for me.

I agree that there could be some silver lining in all of this. It’s going to be a horrible financial period but using this period as a stepping stone, you could end up a lot richer in the long run after a while. The biggest problem is that we are all having hard time finding cash flow to invest, because after all our salaries are not enough to both survive, and then save some aside and make money. In these type of situations liabilities should be sold, and assets should be bought.

I have sold my playstation 4, my g29 driving set, my old laptop (got a new pc) and many other things during this period and put it all on bitcoin. If you cannot find money, look at what you haven't used in a while, even my old iphone 6 was sold for 200 bucks which I was shocked, but look at what you don't need, and if you can sell them and turn that cash into assets that could make you profit later on.

This time the Great Recession is the first time I have personally experienced such an obvious gap between prices and income. I sold my car and some collectibles for daily expenses. If this continues Need to sell bitcoins to survive.
I don't know how to get through this cycle, and I don't know how long this cycle is. I thought I could reach a class leap after working hard in encryption for a few years, but I didn't expect to return to the proletariat.

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

Quote from: mich on November 18, 2022, 05:40:03 AM

Well this is a recession right now we are witnessing and getting out of a financial hole can be a struggle but it doesn't have to be such a bad time. Many people become depressed at times like this because of the 'bear market' and loss of profits.
There was a time I was in serious debt and thought I would never get out. I got seriously depressed, I mean I got pretty bad there for a while. I started only seeing the negative in my circumstances.
After talking to a friend at some point I got introduced to meditation around that time and started practicing regularly. The debt was still there but I wasn't as stressed about it. I realized it was much easier to live simpler, spend less and enjoy the process of digging my out.
I eventually did pay off my debts, partially it was due to a lucky investment but I also think it had a lot to do with getting out of the negative mental trap I was in. If I had any advice I would say get your mental health into a great place and then focus on the debt, at least that worked well for me.

I agree that there could be some silver lining in all of this. It’s going to be a horrible financial period but using this period as a stepping stone, you could end up a lot richer in the long run after a while. The biggest problem is that we are all having hard time finding cash flow to invest, because after all our salaries are not enough to both survive, and then save some aside and make money. In these type of situations liabilities should be sold, and assets should be bought.

I have sold my playstation 4, my g29 driving set, my old laptop (got a new pc) and many other things during this period and put it all on bitcoin. If you cannot find money, look at what you haven't used in a while, even my old iphone 6 was sold for 200 bucks which I was shocked, but look at what you don't need, and if you can sell them and turn that cash into assets that could make you profit later on.

Maidak

legendary

Activity: 1862

Merit: 1058

Next Generation Web3 Casino

Quote from: BigBos on November 19, 2022, 02:54:32 AM

Quote from: Maidak on November 18, 2022, 09:03:10 AM

Quote from: BigBos on November 18, 2022, 08:32:24 AM

...

I think if this is carried out massively and orderly the recession that everyone is afraid of will pass quickly.

If the Fed continues to raise interest rates at high levels, inflation will fall rapidly, but too high interest rates can also lead to a recession. As far as I see now, we have not really entered a recession, although the crisis is still very serious, the unemployment rate is still not too high and the demand for spending has not fallen seriously. It can be said that we have not entered the recession period yet, recession and crisis are quite similar, but recession will be much worse than now.

I don't think it's going to be as bad as you think as everyone prepares to fight a recession. What I mean by an increase in interest rates is not an increase in scale, but it needs to be played or can be said to be a tug-of-war to see the line of stability for global economic growth. a recession will occur for countries that are too dependent on other countries.
The occurrence of a recession is caused by a decline in a country's economic growth which has been negative for two consecutive quarters. This condition is affected by the instability of investment, national income, consumption, spending, to export-import.
I think, the US announcement last July, was enough for every country to prepare and anticipate a global recession.

I also believe that there will be a recession but not on a global scale, the recession will have more impact on countries that are dependent on other countries.

Theoretically, when we have 2 consecutive quarters of negative growth, it is called a recession. But it can be seen that the US does not consider them a recession when there are 2 quarters of negative growth and perhaps they are right when the indexes in recent months are showing more positive signs, October CPI is only at 7 .7%. It's still high, but it's probably past its peak.

I agree that there will be no global recession but all will be affected because today all countries are interconnected, no country can stand alone. Countries that depend on other countries is the EU you are talking about, inflation in the UK continues to soar, the highest in the last 40 years Grin

.

woez

member

Activity: 405

Merit: 41

The global economy is determined to grow too in the near future. But of course, there are always some political and natural events that can completely change the situation.

The most important step that Preparation can take is to carefully track all the news, and make sure to know what factors can affect economic growth. Let's also see if the role of Politics can change this situation in the near future.

Inwestour

hero member

Activity: 980

Merit: 947

Quote from: Jatiluhung on November 19, 2022, 05:17:52 AM

Yes, I totally understand what you're experiencing. High inflation causes our salary, which is usually enough to meet our needs, even left to save. now we even have to live frugally (reducing expenses) so that the salary we receive is sufficient for our daily needs because even though the nominal wages we receive are still the same, the value has decreased, because the prices of necessities have increased day by day. the effects of inflation that began to get out of control. Recessions do happen. However, I don't know if the scale will be large (global) or small (only in a few countries). But for sure we have to be prepared from now on.

Previously, during crises, countries with weaker economies suffered the most, but now we see that the crisis has affected almost all countries of the world, even countries with strong economies feel the impact of inflation. This makes life difficult for many people, everything remains the same, we do the same work, we get the same money, but in fact the purchasing power of this money is less than it was a year ago. And what to do in this case, do we need to save more, or work harder, or do we just need to wait out this period when everything stabilizes, and our wages will be recalculated so that everything remains the same, is this possible?

Jatiluhung

sr. member

Activity: 798

Merit: 400

Quote from: Semar Mesem on November 18, 2022, 09:40:46 AM

What I feel now is that the economy is more difficult than a few years ago, I work in an office with a monthly salary of around $450 per month and usually before receiving my salary I have run out of money, I have felt the recession and have felt it more since the last 2 years.

Yes, I totally understand what you're experiencing. High inflation causes our salary, which is usually enough to meet our needs, even left to save. now we even have to live frugally (reducing expenses) so that the salary we receive is sufficient for our daily needs because even though the nominal wages we receive are still the same, the value has decreased, because the prices of necessities have increased day by day. the effects of inflation that began to get out of control. Recessions do happen. However, I don't know if the scale will be large (global) or small (only in a few countries). But for sure we have to be prepared from now on.

Crypto Legend

member

Activity: 181

Merit: 10

I think the recession has happened, I feel the necessities of life every day continue to increase and now I have to limit many things in order to survive, of course this is a difficult thing and various things I do to be able to get additional income such as selling online, farming and so on.

BigBos

sr. member

Activity: 1904

Merit: 447

Quote from: Maidak on November 18, 2022, 09:03:10 AM

Quote from: BigBos on November 18, 2022, 08:32:24 AM

...

I think if this is carried out massively and orderly the recession that everyone is afraid of will pass quickly.

If the Fed continues to raise interest rates at high levels, inflation will fall rapidly, but too high interest rates can also lead to a recession. As far as I see now, we have not really entered a recession, although the crisis is still very serious, the unemployment rate is still not too high and the demand for spending has not fallen seriously. It can be said that we have not entered the recession period yet, recession and crisis are quite similar, but recession will be much worse than now.

I don't think it's going to be as bad as you think as everyone prepares to fight a recession. What I mean by an increase in interest rates is not an increase in scale, but it needs to be played or can be said to be a tug-of-war to see the line of stability for global economic growth. a recession will occur for countries that are too dependent on other countries.
The occurrence of a recession is caused by a decline in a country's economic growth which has been negative for two consecutive quarters. This condition is affected by the instability of investment, national income, consumption, spending, to export-import.
I think, the US announcement last July, was enough for every country to prepare and anticipate a global recession.

I also believe that there will be a recession but not on a global scale, the recession will have more impact on countries that are dependent on other countries.

Semar Mesem

full member

Activity: 1484

Merit: 101

What I feel now is that the economy is more difficult than a few years ago, I work in an office with a monthly salary of around $450 per month and usually before receiving my salary I have run out of money, I have felt the recession and have felt it more since the last 2 years.

CageMabok

hero member

Activity: 910

Merit: 789

Quote from: ?? on ??

Recession always comes and is difficult to control, I don't know whether it happens in all countries, but what I feel is the item that I usually buy becomes more expensive and a lot of need to eat is also more expensive and continues to increase every year, moreover the current season's conditions are very difficult to guess And often unexpected, for example, floods or other natural disasters occur.

Natural disasters and floods which can cause raw materials for the production of goods to become scarce and hamper public transportation services in carrying goods are things that greatly affect the increase in the price of food and necessities of life at this time. Because I see this very seriously, which is indeed the reason for the increase in the price of goods in addition to the recession in several countries, which may cover the world this year.

Maidak

legendary

Activity: 1862

Merit: 1058

Next Generation Web3 Casino

Quote from: BigBos on November 18, 2022, 08:32:24 AM

...

I think if this is carried out massively and orderly the recession that everyone is afraid of will pass quickly.

If the Fed continues to raise interest rates at high levels, inflation will fall rapidly, but too high interest rates can also lead to a recession. As far as I see now, we have not really entered a recession, although the crisis is still very serious, the unemployment rate is still not too high and the demand for spending has not fallen seriously. It can be said that we have not entered the recession period yet, recession and crisis are quite similar, but recession will be much worse than now.

BigBos

sr. member

Activity: 1904

Merit: 447

So far, from what I have examined, the recession is indeed a big threat for every country that feels it has the potential to be hit by a recession, so that in certain countries after the announcement made by the world bank. then after the announcement was made, the institutions of each country held a plan for handling and anticipating in each region.

like the United States which raised interest rates aggressively to handle it, if this is not done there will be the potential for stagflation or a situation of slowing economic growth accompanied by rising prices (inflation).

The last time I saw the announcement of The Federal Reserve raising interest rates continued to 75 basis points 3.75% - 4% according to market expectations on 3/11/2022.

I think if this is carried out massively and orderly the recession that everyone is afraid of will pass quickly.

Vinaa77

sr. member

Activity: 1344

Merit: 311

Quote from: YouYou0321 on November 16, 2022, 02:55:25 AM

What is even more frightening is layoffs. How do many people live at home when they are unemployed? The price of BTC can’t support it anymore. Take me for example, I travel at least twice a year and buy one or two luxury items, but this year I have nothing Buy, not going anywhere. What an obvious Great Recession.

When there are bad things that you don't want to happen around you this year, then try to see more opportunities in different things than you usually do to sustain a better life during the current great recession. Because blaming bad conditions at this time will not help you much to get something more luxurious than the previous year. So try to work differently when conditions are no longer working as they used to.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

Well this is a recession right now we are witnessing and getting out of a financial hole can be a struggle but it doesn't have to be such a bad time. Many people become depressed at times like this because of the 'bear market' and loss of profits.
There was a time I was in serious debt and thought I would never get out. I got seriously depressed, I mean I got pretty bad there for a while. I started only seeing the negative in my circumstances.
After talking to a friend at some point I got introduced to meditation around that time and started practicing regularly. The debt was still there but I wasn't as stressed about it. I realized it was much easier to live simpler, spend less and enjoy the process of digging my out.
I eventually did pay off my debts, partially it was due to a lucky investment but I also think it had a lot to do with getting out of the negative mental trap I was in. If I had any advice I would say get your mental health into a great place and then focus on the debt, at least that worked well for me.

roslinpl

legendary

Activity: 2212

Merit: 1199

Many people influence the economy now and economic activities.But the government had a control over it by the money flow to the economy.Sometimes they increase the flow into the economy and make the people to use the money to increase the demand.This will happen at the time of inflation occur at the economy.Economic recession will occur at two phase.One is cost push and demand pull inflation.Both the price and demands will interfere the inflation and further to economic recession.

Topic: Is recession coming actually? (Read 1022 times)