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Topic: Surviving in this economy needs a new minds set - page 11. (Read 1953 times)

full member
Activity: 378
Merit: 154
The way this economy is going on currently is good, and everyone should find a way to survive. Because the cost of goods is high, not everybody can afford to buy what his family can eat on a daily basis, and the cause of this is a lack of jobs.
You expect a person to go find another source of income or start a business, and there's money. How is it going to be possible when he's suffering to survive in these difficult economic situations. They said that is money that they're using without the money, any business you try to start won't be possible. The same thing is true with investment; you can invest in Bitcoin without having a successful income.
sr. member
Activity: 1022
Merit: 368
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all

Yea, but it is only when your mindset is not on track that you will need a new mindset only you are referring to diversification of investment, yea I am a good Bitcoin enthusiast but there is one thing I want to let you know and that's for you to investment in Bitcoin you must have money that you have either save or in your possession it doesn't really matter the strategy that you want apply for your investment, there is a point i want to make and that point is, what new mindset will a poor man that has know clue about the economy or Bitcoin investment have to survive in the present economic era.
Though in this inflation driven economy of the world at large diversification is needed at all time but the problem remains how to carry the masses along, it doesn't matter the mindset you have at the moment what matters is the actualization itself.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
But besides investing in bitcoin, do you have any other ideas you want to share with everyone? Because we are on the bitcoin forum and everyone has invested in bitcoin and this is not a new mindset or idea.

In addition, you need to work, do business and save to have money to invest in bitcoin. You cannot invest in bitcoin while unemployed or your income cannot even support your daily life.

For me, the only way to adapt to the changes of this increasingly harsh life is to always change my thinking, both in work and investment. Don't be stubborn or cling to something old and ignore new investment opportunities that can bring high profits. But to do that, what we need to do is be willing to step out of our comfort zone, and I think not many people can do that.
legendary
Activity: 1414
Merit: 1104
Bitcoin Casino Est. 2013
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Taking responsibility for your economic situation will be your first step towards financial stability. Regardless of the general economic situation, if you are able to think and create a system for you to profit from, you will not complain about the economy like others who are jobless.

An example of this system is a switch from just a consumer which is at the bottom to maybe a producer or wholesaler.

Individuals who are mainly consumers in society will feel the effect of the economy more than people who are producers and wholesalers and can easily adjust the market prices to make sure that they stay in profit.
full member
Activity: 280
Merit: 110
Eloncoin.org - Mars, here we come!
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Well keeping the recent scenario of how to survive in economics crisis being held or happening within the upcoming tenure of time is tremendously a dilemma .
 
Survival scenes keeping in view the growth , standard and being having such a machiavellian approach towards life made it difficult but investment in some digital earning platforms like cryptocurrency is better to gain economic stability .
legendary
Activity: 2688
Merit: 1192
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all

At all times the same economy is part of a boom and bust cycle. There will be good times, when money flows easily and credit is available for even the most spurious of ventures and even to the worst recipients. Then there will be bad times, when the economy seizes up, banks stop lending to all but the highest credit applicants and lots of jobs are lost. Since COVID we've been in good times, but it can sometimes be hard to determine when the bad times are upon us. Considering how high interest rates are right now - it's causing people a lot of pain in their finances. The best mentality is always keep improving your skillset and keep a hustler mentality.
newbie
Activity: 14
Merit: 0
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Our old men also complaint technically the same. Two examples, 1930 Great Depression and 2008 financial crisis.
Purchasing power of one US dollar (USD) in every year from 1635 to 2020 weakens and you'll find 2020 is the lowest.
So, when you look at the bigger picture, Inflation is not unique. it is in our parent great grand parent and our DNA too.
From different perspective, you can hate me on this, I believe it is necessary to have this bump to nurture innovation (privately or communally).
hero member
Activity: 3038
Merit: 575
Leading Crypto Sports Betting & Casino Platform
That's true, you need to have that open mindset that you're going to think about the future and your survivalship while you are on this world. It's going to be a long cycle that you have no idea if it's going to take a while or not but what's important is you're taking that initiative of investing. Because if you're not going to do anything as of the moment that you're able to invest or find another way to increase your source of income you're wasting your time and moment because you don't do anything. Look at the rich people, they keep on hustling as if they're going to be poor for the rest of their lives but that's not how it goes. They are working hard still despite that they can be settled until the end of their lives.
That is because all of us are surviving and adapting to the economy changes that we have no idea if by next year if it's going to be fruitful to our country and economy or we're going to remain stagnant. With all the wars that are happening, economic troubles, recessions, they're almost everywhere nowadays and the impact that it gives to most countries is certainly affecting each of us.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
People really need to think outside the box in order to survive in this economy. If one is to stay on one job and not have a side hustle or a business, you will not be able to survive in this economy and not get enough savings for the rainy days. I am earning quite handsomely on my job, but I still have a business and a side hustle that adds up to my savings and my money for investment. In this economy, you'll never know when things will get sour for you, so it's always good to have a backup plan and not stick to the traditional methods of keeping a day job and tending to your family at the end of the day. A little bit of sacrifice, but it always goes a long way.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
Sounds more like a rephrase of our everyday discussion in the board. It's absolutely true that coping in an inflated nation requires a renewed mindset, perhaps investing in bitcoin is another hedge to inflation as the volatility of bitcoin is also a means of making profit.

For someone who is capable of understanding the crypto space it's more advisable to invest early as the world economic shows no sign of betterment over the years. I believe investing bitcoin, real estate and other stuffs like stock is a practical way to help ones life in situations like this.

At the end the theme of the post is "invest in bitcoin" in order to be above the economical crisis in the world.
newbie
Activity: 84
Merit: 0
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
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