Topic: Surviving in this economy needs a new minds set (Read 2332 times)

Everything has indeed started to develop at this time and you also don't need to worry about it for now because the governments of various countries also know about Bitcoin and other cryptocurrencies so that slowly the government will also agree with things related to crypto. You can see that at this time in every country there must be a local exchange that trades various cryptocurrencies and this is not a problem for the state because they can also collect taxes from there so that they can also help the economic burden of their own country.

In order to survive in adverse conditions, an individual must change his thinking. Covid-19, Russia and Ukraine war, extreme rise in inflation caused major disruptions in the lives of common people. Those who failed to change their mindset during that time suffered the most. When inflation is rising, if one does not think differently, especially if one does not create new areas for higher income, then it must be difficult for him to generalize during that period.

In this period of adverse conditions, if Bitcoin can be adopted to protect one's wealth from inflation as well as consider financial security of the future, it can certainly be a perfect decision. Which can help a person to survive in any difficult situation. Even in the worst conditions, the fear of inflation will not touch him.

A person may have several areas of income but almost everything will change when inflation occurs. But if one sets his mind to invest in crypto then he can definitely protect himself in such  an unpredictable situations.

Having multiple sources of income does not guarantee that you will not be affected when the economy goes into crisis. For example, if our economy falls into recession, most industries and sectors will be severely affected. And unfortunately , things get worse if your income sources are among those that were hit hard by the recession. You won't be able to avoid negative impacts, but you'll be less affected than people who have only one source of income and are dependent on one source of income .

Diversifying income sources is a solution but not comprehensive .  To make things more perfect, we need more solutions such as having one or more savings accounts , diversifying assets with assets that can hedge risks such as gold...

That is why is good for someone to have a diversification of income if you have a diverse source of a generating income I don't think that the economy will affect you what will really affect you is when you don't have a difference of income or you base on salary from particular government or particular job that will make you to feel the economy is very hard and it will hard you to sustain your family if you have a family, so I believe that establishing different business will enable you to get what you want so therefore I want you to understand that business can help you extending your business to another form can also help you do our accumulate or solve the problem of your needs with immediate effect

Well, you are right but you need to specify the type of coin in the crypto space you are talking about here. Let's say you invested on Bitcoin, even though you invest a $50 or $100 on Bitcoin you can never lose all your capital on it, unless you invested on shitcoins like the hamster Kombat coin that was listed few weeks ago, those are the type of coins that can make their investors go broke anytime. Bitcoin has been the number one crypto currency in the whole world and nothing can compete with it, so if you invest on Bitcoin you can never lose all your capital instead you will have some profits or 1% of your capital will be lost, but you need to have rest of mind when you invest on Bitcoin because it will skyrocket again... One other thing that people can lose money on is trading.

Yeah investing in Bitcoin is a necessity for one inorder to come out from this economic trauma one is facing and during this economic crisis how do one go into it without having the knowledge of it and physical funds to go about it, so having a new mindset it's not just about investing cause duly you know it takes patience and efforts to get what you want with time so  what I'm saying is when one don't have funds to invest in crypto space what do the person do? I like the idea of investing in Bitcoin but for the likes of the poor what do they do to survive this.

If you are really that rushing up into things then you would really be ending up on disaster because diving into something like investment or ventures would really be having that correponding risks on which there's always that chance or potential that you would really be that ending up on sleeping on the streets just because you have lost everything or you have put up everything on crypto investment. Just like on any investment then there's always that so called risks on which you should really be needing up to consider. You cant really just that make yourself involved into without having those kind of  risks considerations because
instead on solving out your financial struggles, it would be making getting more worst and thats why it will really be that important that you should really be wary about those possibilities or approach.

Dont make yourself that easily believe that making money in crypto space would really be that easy.Just like on what you have said that there are tons who had wrecked up their lives due to market volatility
and if you arent that good on having those risks management then you would be ending up unfortunate. Somehow, if you do really know on how to deal up with this volatile space then you could really be having that chance to make money and with some mix of luck then you could able to changed up your life financially but its not really that a guaranteed thing but at least you are really that trying out your best on doing so.

This is something that we hear all the time, investing in crypto currency is the only way out of the economic hardship we are currently facing. But people also forget that crypto currency can also not be a way to attain financial freedom because so many people have lost a lot in the market, some have even gone broke because they invested in crypto. To survive in this economy you must have a skill not just any skill but something that can meet the needs of people on a daily basis. Before you think about investing in crypto ensure you go for knowledge first but while you are doing that find something else in the side that can pay you.

When someone makes a mistake in the past in investing in a project that eliminates their wealth, of course it will be very frustrating for them, but if they continue to regret it without learning about the mistakes they have made, of course it will be able to make them continue to be left behind in everything, so it is very important for anyone who has experienced failure in the past to go back and learn about the mistakes they have made. do this and try again something that can make them continue to develop even better than they are now.
What you said is very precise, when someone wants to be successful in investing, of course they have to start investing and can run well and also we have to try to run well in order to survive in all economic conditions.

We are already in the end time so don't be surprised about what you are seeing in the world currently. Things are not going the way they used to be like before and it's a reminder for everyone of us to be very careful how e do things and go about business. People are dying everyday because of things they have out their hands into and the struggles of life.  Government is not more keeping to promise again like the way it used to be then and their is need for us to focus on businesses that is going to bring money for us. Surviving in this period takes extra effort to keep staying alive due to the price of food and transportation increasing everyday.

everything can happen in achieving it depending on our new, more advanced mindset, that is something that needs to be done considering the economy is growing, year after year as well as crypto, all of which need government support in terms of investing, because it will provide peace and security in it.

As long as the government remains neutral or even supportive in its policies towards crypto, especially bitcoin, it will continue to be the same but it is a different story if this is used as something that violates the provisions that make conditions in investment difficult. But until now even though there have been several countries that have tried to make a ban on bitcoin, in the end everything also returns by legalizing it because the policies they make are only for their own benefit, meaning that they (the government) also know that the presence of bitcoin is quite potential and the method used for prohibition is only as a situation so that they get lower bitcoin because they cannot regulate it.

As for ourselves, I quite agree by saying that we are currently required to be able to survive and maximize what we have to be able to survive and of course have a feasibility to live a more comfortable life, this is a choice because in the end when we want to live comfortably in the sense that we don't really feel how painful it is to be in poverty, it is clear that we must be able to maximize the potential that exists within us so that we can keep up with the times that are increasingly developing.

Honestly it would really be that least of our concern on minding about economical problems that we do have in our country on which we would really be that making out those kind of actions on which we are really that thriving on making things to happen specially on the time or moment that you will really be having that kind of normal approach on making someones living to be that become more better. Even if you do live in a country who do have that good economic state but as a personal problems on a certain person do have will really be that common on which we would really be needing up to have that kind of actions so that we will really be able to
make our lives more better in terms of finances. There's no way that you could really be able to enhance your living if you wont really be that acting or doing hard work. You cant be rich on just simply relying with your
8-5 job and relying into the monthly paycheck that you are receiving.

It would really be just that up to you on how you would really be doing things accordingly on which i do really that believe that when it comes into this aspect then it will really be that needing up that kind of approach
on where you will really be acting on your instinct on where you could really be able to see on how you would really be able to improve your way of living. Mindset and other things correlated into it will really be that needs to be fixated when you are trying to reach up some goal. Some could be able to obtain it but there are still those people who do failed up no matter how hard they do try. This is why you could say sometimes that luck
factor are still that little need to be mixed up on the hard work that you are really that doing.

There is nothing as constant as change, therefore with way things has changed, surging inflation and food prices and commodities and a whole lot of other stuff that this hard economic situation has brought about, it will be insane to approach a new situation or in quote "the new nomal" using the old way or methods, changing of our mindset on how to tackle the recent developments of the economy and of society is indeed become necessary to do so.

Do you know people are still buying cars, lands, house's, doing weeding every day in  this economy, and they don't feel anything have left their account because they take a risk in the past to invested in a particular project that made them who they are today. I guess the new mind set should be for those who are still afraid to approach what will make them to live a wealthy life, because this inflation that is spreading all over the world is not affecting wealthy people and they keep earning profit from this economy.

Just know that you cannot reap where you did not sow and if you want to reap plenty harvest from your investment, make sure you invest when other people are investing their money.

Whatever activities we will do in order to achieve success, we must have both of these keys as mentioned, including in facing and surviving in an uncertain economic situation and inflation that occurs every year. We must be more creative and continue to hone our abilities in order to survive in any situation that occurs.

Perhaps from the experience that occurred during the pandemic several years ago we can learn many lessons. When the pandemic occurred, there were many major changes that occurred in every level of society. These changes were so obvious that they affected the economic conditions of every country and even the world, especially the lower class. People whose jobs were eroded by the pandemic certainly felt a huge economic surge in their lives. Without preparation and a mature mindset, the survival of society in facing the crisis during the pandemic at that time would be threatened, and for those who had a new and critical mindset, they could get out of the economic downturn at that time.

Whatever the situation there must be a way out, I say this because I myself experienced it where I had a problem that was indeed very fatal but with self-confidence we can find a solution or a way out that must be done. With people who earn a mediocre income, of course it is one of the problems that is indeed difficult to fix, but we have common sense and we must be able to take advantage of this with the will or a progressive mindset, then I think there will be better results, don't be afraid to fail because at least trying is something that must be done.
In addition, we must find a gap with the skills we have, now not everyone can get a decent job but I am sure everyone has skills that can be honed to produce something more positive. Not being hypocritical with the laziness that exists, I also feel that way, it's just that we must be able to fight that laziness to change the situation if we really want to get something better.

This is always the watchward that an investment in crypto currency will save the World of it's economic challenges thereby leading to the growth of every sectors and arising as top of all other currencies but did you know all of this can't be achieved without more efforts from the government, cause without good leadership policies and port folios there won't be any better economy in the nation, so definitely inorder to survive in this economy state that you're in you ought to be smart enough to make every possible positive moves to make a change in wherever you find yourself and needing a new mindset is the first priority and thought that should come to your mind.

I like what you said about discipline. Because it is true, even though we already have a roadmap or a mature plan about life, without discipline we will deviate far from what we planned. We must be able to ensure that we can be disciplined enough in carrying out every plan that we have set. Consider carefully what we will do in life, do not focus on what we can achieve, we must also consider the risks whether we are really ready or not. some people say that we must dare to take risks, yes that is true, but we also have to see whether we are ready for the risk or not. If not then it is better to prepare first.

Having the right network definitely helps, but IMO that is not everything. Many people regardless of their blue collar statuses have been able to make their hard work a means to better lives. What is happening now is that industries are changing, and skills are becoming the most key factor toward opportunities. You notice it, for one thing, in the way large companies like Amazon and McDonald's are reskilling staff rather than looking merely at the degree and connection aspects.

Of course, luck and good timing play a part. Access to continuous learning and industry changes is equally important. For example, there is an emerging trend of valuing emotional intelligence and flexibility in the workplace, which is something anybody can work on, regardless of their current circle. So, in as much as connections help, breaking into a circle is still possible with hard work and by keeping up with trends and new opportunities.