Take shelter, a storm is coming in October. - page 2.

michellee

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Quote from: Bitstar_coin on October 12, 2022, 02:05:36 PM

'A word is enough for the wise'. I don't need a crystal ball to tell me things will be difficult and extremely difficult for low income earners particularly.
This days, I have cut down expenses a lot, better to have little than not to have at all. No one knows what the entire world will face in months and years to come, it will be better to start saving aggressively. It is going to be rough but with a little planning ahead everything will be fine.

It won't sound rude but that's exactly what we have to do to deal with situations that could become even more difficult in the future. We have to be prepared to deal with all kinds of situations and I agree with you about saving aggressively so we can have enough spare cash to survive the tough times. Reducing expenses is one way to save; if we can save more money, it will certainly be useful.

savetheFORUM

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Quote from: pooya87 on October 11, 2022, 02:00:35 AM

Quote from: Poker Player on October 10, 2022, 11:39:58 PM

Well, Marx already spoke of the inevitable end of capitalism, and not only has it not happened so far, but it has made humanity reach a level of prosperity and welfare that would make him turn over in his grave if he could see it.

All these "ism"s end eventually as the history has shown.
Capitalism has already failed and I don't know how you call the current situation in the world a "level of prosperity and welfare" considering that capitalism literary changed the meaning of "middle class" since it turned them into lower class and the lower class to absolute poverty. The capitalist world where a small number of people (1-2%) hold all the money in the world and the rest are in so much debt and are living hand to mouth is shouting failure.

The hardest thing to go against these people is the fact that when you offer a solution to it, they think it's communism and that failed too. They cannot comprehend the fact that if you do not have hardcore capitalism, you could have something other than communism in your hands. I mean there are other options than these two.

I know it has been shown as example a billion times, but even if it’s boring, just look at Scandinavian nations, they have such a nice world they built in, they took the best out of every idea and they built a place where it’s all great for everyone. Both have capitalist and socialist stuff all bonded together from the best parts of them.

jaberwock

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Quote from: hyudien on October 10, 2022, 02:12:32 AM

With the many facts that have happened in all countries, including the one I live in, and when looking at a much wider country and faster economic growth, it turns out that the crisis will hit again. I think it's better to be vigilant than to relax as if everything is fine. It is undeniable that European countries can now demonstrate to us transparently that no one will be saved forever. Fear of course there is even a fear of a more severe recession that makes us have to immediately provide supplies in advance.

It's not wrong to relax. We need it sometimes so that we can somehow forget the trauma that past crisis brought to us but just like the crypto market that has a bear and bull cycle, there will also be a time for a relief and crisis in the real world so it's better if we can prepare for that moment and have the items that we will be needing or to prepare if what actions that we are going to do in case there will be another crisis again but its great if the recovery of some countries are much faster.

It only shows how strong or well prepared they are. If all countries are like that then time will come that we will never fear of any crisis that will hit to us.

Silberman

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Quote from: Bitstar_coin on October 12, 2022, 02:05:36 PM

'A word is enough for the wise'. I don't need a crystal ball to tell me things will be difficult and extremely difficult for low income earners particularly.
This days, I have cut down expenses a lot, better to have little than not to have at all. No one knows what the entire world will face in months and years to come, it will be better to start saving aggressively. It is going to be rough but with a little planning ahead everything will be fine.

Just two days ago the IMF warned the worst is yet to come, but for those which have their eyes open we have known this was going to be the case for a long time, so we need to do what we can to reduce our costs and if possible get our money in assets which can protect us during the storm that is coming, however many people will decide to not listen to the warnings and when the storm finally comes they will be caught unprepared and lose years of hard work in a matter of weeks or perhaps even days if things get really bad.

Bitstar_coin

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'A word is enough for the wise'. I don't need a crystal ball to tell me things will be difficult and extremely difficult for low income earners particularly.
This days, I have cut down expenses a lot, better to have little than not to have at all. No one knows what the entire world will face in months and years to come, it will be better to start saving aggressively. It is going to be rough but with a little planning ahead everything will be fine.

tygeade

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Quote from: hyudien on October 10, 2022, 02:12:32 AM

With the many facts that have happened in all countries, including the one I live in, and when looking at a much wider country and faster economic growth, it turns out that the crisis will hit again. I think it's better to be vigilant than to relax as if everything is fine. It is undeniable that European countries can now demonstrate to us transparently that no one will be saved forever. Fear of course there is even a fear of a more severe recession that makes us have to immediately provide supplies in advance.

Being ready for a big crash is a hard thing to do, because you do not really know what exactly you should do. If you end up buying gold, the prices of gold could drop during a crash, if you buy some stocks then they will for sure crash during a crisis, or as we can see if you buy crypto then they will crash too. So when you are expecting a crash, it is easier to hold onto your fiat and then you could end up buying something after the crash for cheap.

But if you wait on fiat, that means you are going to lose its value if there is no crash, fiat is something that gets devalued after a while, so you need to be certain that there will be a crash or you will lose value.

TheGreatPython

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Quote from: pooya87 on October 09, 2022, 01:17:29 AM

Quote from: Smack That Ace on October 08, 2022, 10:06:37 PM

China and Taiwan are probably the issues we need to worry about, I predict a war is definitely inevitable.

The problem is that this new China-US proxy war through Taiwan has a high chance of getting others involved. Namely Japan and South Korea and possibly even Australia. NK launching a missile over Japan could also be a part of that existing tension and to send a "message" of possibility of a much bigger war.

NK does silly stuff like that at all times, they can't really afford to hit anyone, they can "try" but the reality is that NK is protected by China and Russia to be fair, and at the moment Russia is occupied with the Ukraine war situation so they can't care about NK at all, and if China has a Taiwan war going on, they won't care about NK neither, they need to be very very careful, we could see NK getting destroyed in a matter of few days at the very best case, probably inside a single 24 hours, if they attack someone and not have anyone else’s backing. The other parts however are very scary, they would be "cold war" levels, and hopefully not direct hit.

pooya87

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Quote from: Poker Player on October 10, 2022, 11:39:58 PM

Well, Marx already spoke of the inevitable end of capitalism, and not only has it not happened so far, but it has made humanity reach a level of prosperity and welfare that would make him turn over in his grave if he could see it.

All these "ism"s end eventually as the history has shown.
Capitalism has already failed and I don't know how you call the current situation in the world a "level of prosperity and welfare" considering that capitalism literary changed the meaning of "middle class" since it turned them into lower class and the lower class to absolute poverty. The capitalist world where a small number of people (1-2%) hold all the money in the world and the rest are in so much debt and are living hand to mouth is shouting failure.

Poker Player

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Quote from: amishmanish on October 10, 2022, 11:32:55 PM

I am also worried the world economy has been tested to its final limits and i think ay major tumbling can lead to fall. I am really worried, if we are doing the right thing at this moment and what could be an ideal backup plan if worst happen. For now I am counting on Bitcoin as it seem to have a better future ahead. But yes we all need to brace for difficult times ahead.

Well, Marx already spoke of the inevitable end of capitalism, and not only has it not happened so far, but it has made humanity reach a level of prosperity and welfare that would make him turn over in his grave if he could see it.

These moments of crisis have always been and will continue to be, what we must be prepared for them, for example by not having excessive debts, especially of consumption, or having some Bitcoin holdings, as you comment.

I think I'm going to leave this thread open for the rest of the month at most, and maybe close it earlier because I don't want it to become a spam megathread.

amishmanish

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I am also worried the world economy has been tested to its final limits and i think ay major tumbling can lead to fall. I am really worried, if we are doing the right thing at this moment and what could be an ideal backup plan if worst happen. For now I am counting on Bitcoin as it seem to have a better future ahead. But yes we all need to brace for difficult times ahead.

bitzizzix

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Quote from: bestcoins1 on October 10, 2022, 07:30:11 AM

Quote from: Ani1985 on October 10, 2022, 05:16:12 AM

Many predictions are convinced that in October there will be a storm and make panic so that it sells in a loss condition, I think this is a mistake because it is too trusting with FUDS but if that happens then the best thing is to be patient and do not panic.

Indeed, there is no need to panic in facing the current market situation, even though in reality it still looks not good, but everyone must believe that market conditions will improve again one day, because the volume of demand and supply in the market is always different every month and even every year.
So this is very common and obviously requires patience in dealing with it if you really want to get better profits.

What bitcoin owners need is a strong belief and without having a strong belief, there are still many people who panic when FUD comes and mostly happens to beginners, because they have not had previous experience and without experiencing bitcoin journey because bitcoin is for the long term and also for strong hands .
and whatever happens to bitcoin eventually bitcoin will bounce back and also continue to grow, And besides having faith, patience is also needed because strong belief and patience will produce extraordinary results.

Ahli38

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Quote from: yhiaali3 on October 08, 2022, 09:20:55 PM

I expect that the month of October will be bad for the global economy in general, as well as for Crypto, but it will not be the worst because next winter things will get worse as a result of the entry of severe cold and the need for Europe to heat in conditions of fuel shortage, at that time I think we will see a major crisis as a result of increased demand for Fuel, and this will lead to an increase in the prices of all materials, especially foodstuffs, and of course this will reflect worse on the economy.

It is true. that's when the crisis will really get worse. But even now we are on the verge of a severe economic crisis. if we look at the development of the wars between Ukraine and Russia. we see conditions getting out of control. even this will be more detrimental to many parties. and Europe will definitely be badly affected. I am more worried about the widening impact of this war. even many economists are now talking about how dark the year 2023 will be in the economic sector. so I guess we have to prepare from now on.

bestcoins1

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Quote from: Ani1985 on October 10, 2022, 05:16:12 AM

Many predictions are convinced that in October there will be a storm and make panic so that it sells in a loss condition, I think this is a mistake because it is too trusting with FUDS but if that happens then the best thing is to be patient and do not panic.

Indeed, there is no need to panic in facing the current market situation, even though in reality it still looks not good, but everyone must believe that market conditions will improve again one day, because the volume of demand and supply in the market is always different every month and even every year.
So this is very common and obviously requires patience in dealing with it if you really want to get better profits.

Techkoy407

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if it continues, the impact will be felt even more, even if little by little.

We must prepare mentally and plan for the future to deal with this situation.

sometimes I am also sad to see innocent people fall victim to government interests.
where is this justice?

Ani1985

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Many predictions are convinced that in October there will be a storm and make panic so that it sells in a loss condition, I think this is a mistake because it is too trusting with FUDS but if that happens then the best thing is to be patient and do not panic.

bakasabo

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Quote from: hyudien on October 10, 2022, 02:12:32 AM

With the many facts that have happened in all countries, including the one I live in, and when looking at a much wider country and faster economic growth, it turns out that the crisis will hit again. I think it's better to be vigilant than to relax as if everything is fine. It is undeniable that European countries can now demonstrate to us transparently that no one will be saved forever. Fear of course there is even a fear of a more severe recession that makes us have to immediately provide supplies in advance.

Like it has stopped hitting? I think since the start of Covid-19 wave, the world has been living under unstoppable crisis. By the time vaccine got invented and the life starts to improve, the whole world was struck with that useless and stupid "special operation". The price again started to grow up, and the heating season or winter havent even started yet. I hope the whole world will take that Europe experience, of being dependent on, learn from it and make conclusion.

hyudien

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With the many facts that have happened in all countries, including the one I live in, and when looking at a much wider country and faster economic growth, it turns out that the crisis will hit again. I think it's better to be vigilant than to relax as if everything is fine. It is undeniable that European countries can now demonstrate to us transparently that no one will be saved forever. Fear of course there is even a fear of a more severe recession that makes us have to immediately provide supplies in advance.

ethereumhunter

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Quote from: CapGelatik on October 09, 2022, 05:28:45 AM

Quote from: ethereumhunter on October 09, 2022, 02:02:14 AM

Quote from: yhiaali3 on October 08, 2022, 09:20:55 PM

I expect that the month of October will be bad for the global economy in general, as well as for Crypto, but it will not be the worst because next winter things will get worse as a result of the entry of severe cold and the need for Europe to heat in conditions of fuel shortage, at that time I think we will see a major crisis as a result of increased demand for Fuel, and this will lead to an increase in the prices of all materials, especially foodstuffs, and of course this will reflect worse on the economy.

It may also affect crypto and whether it will be bad or good for crypto, we must be more vigilant and prepared for all possibilities. People will be more focused so they can stay afloat, which means they will keep trying to have more money to buy groceries or something. Maybe if it's bad for crypto, we crypto users need to be more patient because this could be a really tough year for everyone. The economy could also be worse than it is today because several countries may already be affected.

We must prepare it from now on considering the current uncertainty of global economic conditions,
in conditions like this mentally preparing is also important because with a strong mentality at least we can continue to fight to stay afloat,
reduce spending on non-essential needs

Right. With the current world condition, especially what is happening in our country, we really need to prepare everything before everything changes and we are too late to do so. No one can help us unless we start our own business. And yes, we must fight to stay afloat, save all the money only for the essentials and don't forget to save it for the future because when things start to change, we are already well prepared. We will survive when the conditions get tough if we can do it.

tabas

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Quote from: Smack That Ace on October 08, 2022, 10:06:37 PM

Quote from: tabas on October 08, 2022, 05:30:22 AM

Another news that I've seen a few days ago that could also be threatening was when Tokyo residents has been advised to relocate and warned about the recent missile launched over their city by the North Korea.

Source: Japan residents wake up to rare J-Alert missile warning

We're not even recovered yet from all of the devastation made by the covid pandemic, Ukraine and Russia war and now this. There's also the China-Taiwan that could also pop anytime from now on and there goes the ally of China and Russia which is the North Korea.

North Korea's ballistic missile test is not new, it can be said to happen every year. They are just trying to protect their sovereignty as long as the US and South Korea don't threaten their national security then they have no reason to go to war with anyone. They are an eccentric country but they have never hurt anyone, if America didn't make things tense then nothing would happen.

Yes, it's not new but it's dangerous because nobody knows where it is landing. I don't think that they're even threatened. As you've said, it's happening every year and there's no need for them to test that every year because every country knows what they're up to and they can blast that missile anytime, wherever they want and that's why no intervention is going to happen unless they will be the one to first move. IIRC, there have been many times that they've done this.

Quote from: Smack That Ace on October 08, 2022, 10:06:37 PM

China and Taiwan are probably the issues we need to worry about, I predict a war is definitely inevitable. But now that possibility is not possible when China at home is also experiencing economic difficulties so they will not rush to act at this time.

I hope that it won't happen because China is a known alliance for North Korea. As most of the countries are dealing with inflation and economic crisis, I think that's even going to trigger a possible war but I don't wanna talk about its possibilities.

CapGelatik

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Quote from: ethereumhunter on October 09, 2022, 02:02:14 AM

Quote from: yhiaali3 on October 08, 2022, 09:20:55 PM

I expect that the month of October will be bad for the global economy in general, as well as for Crypto, but it will not be the worst because next winter things will get worse as a result of the entry of severe cold and the need for Europe to heat in conditions of fuel shortage, at that time I think we will see a major crisis as a result of increased demand for Fuel, and this will lead to an increase in the prices of all materials, especially foodstuffs, and of course this will reflect worse on the economy.

It may also affect crypto and whether it will be bad or good for crypto, we must be more vigilant and prepared for all possibilities. People will be more focused so they can stay afloat, which means they will keep trying to have more money to buy groceries or something. Maybe if it's bad for crypto, we crypto users need to be more patient because this could be a really tough year for everyone. The economy could also be worse than it is today because several countries may already be affected.

We must prepare it from now on considering the current uncertainty of global economic conditions,
in conditions like this mentally preparing is also important because with a strong mentality at least we can continue to fight to stay afloat,
reduce spending on non-essential needs

Topic: Take shelter, a storm is coming in October. - page 2. (Read 942 times)