Topic: The world is not doing well - page 7. (Read 1453 times)

I was wondering earlier, how can he say that the dollar is strong when there are inlfation or recession happening around? And if dollars are strong, then it can't be true that the world isn't doing well. Bitcoin is weak in terms of value but that was normal here in cryptos because we have bears and bulls cycles on here and they can keep on happening no matter what is the situation outside.

If btc and dollar rate is going to be the same then it would mean that 1 btc is only equivalent to 1 usd? That sounds unacceptable. Or maybe you mean each units of btc will now be equivalent to 1 usd? But that will be a lot. Can you be more specific about this one? 

Not half, but everyone here loves Bitcoin.

But you don't tell them that the $ logo will be a little wonky BTC.
This episode Luffy will likely unite with his father to fight Blackbeard and the World Government in the one piece series.

I dare not walk holding my ass because many of them have bigger mouths.

I'm sure many of us still have patience and are okay with this situation because we believe that this is only temporary and bitcoin will have time to bounce back higher. Now is a good time to accumulate more bitcoins, as the price is at the bottom. And who knows, the current low price is the lowest price for bitcoin and after this, the bitcoin price will start to rally and can slowly get back up and break through higher prices. For that, we must remain patient and not panic if the price has not been able to increase because it will all start even when we do not realize it.

actually you don't have to encourage people here because this is Bitcoin sanctuary in which majority of the people here are Bitcoin supporters and only few that is sharing their beliefs in shitcoins.

But I love the thought of you saying "The World Will be Ours" that is something very promising..


I am one of those ,  that is eager to have much money here to buy Bitcoin and keep it on till 2025 at least.

That's always the case. When we're on the bull run, we tend to think of a much higher price before we sell but what happens is that we miss the top or near to it.

And when the bear market comes, that's what we feel and regrets of not selling around 2x-3x of the current that we've got. It is why it's good to remember that if we're in profit, sell.

Most of us now say:

• I wish I had more fiat to buy more bitcoins.
• I wish I had sold Bitcoin a year ago, I am now poor and afraid to sell my coins.

Feelings now are regret or fear, both of which are good indicators that the downward cycle is over and beginning to stabilize.
Changing sentiments are related to price and economic conditions.

They continue to applaud witness this decline.

Such purchase price quotes are so cheap. This will be a good opportunity to buy. If in conditions of price reduction there are still those who sell, then they really do not take advantage of the greatness of the thoughts they have.

You're right. Just come to the market in 2026. At present we need to prepare for temporarily alienating ourselves.

Agreed. It's always been the best choice that will never go wrong with anything to think about if it will shatter or not.

He's done. Total loss and in debt but will he able to pay that debt that's on him while having no trust from the people anymore? I think that he can if there will really be some helping hands on him. I'm worried for the entire company because it has got people working for him.

Binance refused to buy FTX after looking at the books.

Something like >9Billion in losses.

Marketing is continuing to sell off as a result of this news.

Guy had like +40B about a year ago and now look at him.

What do you mean that bitcoin is weak? we are obviously in the bear market, so the price will go down, currently we have seen another lower lows because of what is going on with the FTX drama.

There is something that we can get excited here, the price is at a discount so what not buy some today?

I guess every bitcoiner, specially those who have seen the worst in the previous years are not deterred by this situation. But if you are, then just be patient, no need to panic. And if you have extra cash in your pocket, you might as well buy right now.

There are those who don't like Bitcoin because they want a deeper decline there are also those who are happy with this decline because they want to buy more at a time of dip, this is often the case but in times like this many people will panic and they stay in a stable coin while the pope has prepared a bag to buy it, so in this case we must be smart and ready to survive with the bitcoins that we have.
I believe the decline in crypto market prices is frustrating a lot but I'm sure it won't last long and we can recover.

If anything, Bitcoin is the only thing staying true to itself in these times. Hold on to your butts, it's going to be a crazy ride. 

Central currencies are governed by certain laws so that if the US dollar becomes very expensive, it is not considered a good indicator because it is the commodity in which many commodities are valued and vice versa. .

The percentage of citizens owning Bitcoin determines whether they want cheap or expensive Bitcoin. If I want to buy, I will look for cheap Bitcoin and vice versa to sell.

The economy is experiencing various obstacles. Not only one country, but many countries feel how the level of economic difficulties.
We can't deny that there are those who feel happy about the decline in the price of Bitcoin. They will always try to make the price of Bitcoin decrease so that they can collect it in large quantities. This is a classic method that is still relevant for them to apply.

Several institutions also warned about the impending recession such as Jamie Dimon, JPMorgan who predicted the US would fall into a recession in the next 6-9 months or in 2023. The spike in inflation is also due to the impact of the Russo-Ukrainian war as well as the trend of rising interest rates which will trigger inflation on a large scale. Of course, this will have a serious impact on global economic stability.

According to economic theory, this recession or crisis occurs because global conditions are devastated by epidemics and great wars and these conditions cannot be avoided, then the condition will get worse if there is stagflation.

Recession and inflation will lead to stagflation, namely recession conditions that occur simultaneously with high inflation rates. This high inflation means the amount of money in circulation is getting higher.

So the impact on crypto, if there is a recession and stagflation then high selling pressure will occur, because investors will move their funds to Fiat in order to accommodate the possibility of worsening purchasing power.

In this condition, in general, the fiat value will also move up, especially the US Dollar which became the main medium of exchange in the world after the second world war.

Seeing the negative correlation or relationship between the US Dollar and crypto, it becomes natural when the crypto crisis moves down.

It is worth mentioning that a crypto correction will occur as governments and central banks begin to respond to the crisis. But if it's just heading or there is a crisis, then crypto will move up.

This condition is clearly seen in 2022 and 2020 where in 2022 the government and central bank begin to try to restore the economy but in 2020 a new crisis occurs due to a pandemic.

and the conclusion is that when it comes to a recession the crypto market will start to rise but when the recession recovery efforts start to occur, then crypto will move down.

Source:
https://en.wikipedia.org/wiki/Global_recession
https://en.wikipedia.org/wiki/Stagflation

Dollar may be strengthening right now, but we don't know how long it will be in this situation. If it is increasing now, it is possible to decrease tomorrow. So, don't be so happy about the current situation in dollars. Just take advantage of what you can do with dollars now.

While for Bitcoin, we all know we are in the bearish season, no surprise if Bitcoin price decreases again. But it doesn't mean Bitcoin is weak, the price drop is something normal to happen, especially during the bearish season. If you expect Bitcoin price to soar, you must wait until we are reaching the bullish season.

By the way, please note that weak or not Bitcoin doesn't determine by its price. As long as there are a lot of people continue to use it, and the adoption is getting massive, it means Bitcoin has the potential power to change the world.

The world is always not in a good condition. The economic situation will be worse if the recession really happens.
People who don't like Bitcoin, don't know the potential of Bitcoin to deal with the worse scenario of the world economic crisis.

The situation of dollars rates is not far from Bitcoin value as well, besides the inflation is everywhere and it affect other sectors as well, i believe that bitcoin technology is strong and it's not going to be suppressed bitcoiners, because i believe that in future their is every tendency that Bitcoin will be equivalent to dollars rate. What we need in cryptocurrency is a time Factor.

Economic problems doesnt really correlate on whats happening on Bitcoin but somehow it could really be having that domino effect specially if emotions could really take some
effect on what we do have around and crypto market isnt an exemption but not totally 100% of the reason on why we are seeing this.
World is never been well, we do suffer lots of problems not only on economics but also in other aspect as well which we dont really be having no choice
but to be smart on whatever decisions we do come up in our life.

More than half of the persons here like bitcoin, or do not have anything against it, I think. so, I don't think this message is in the right place.
Please explain what you mean by the world will be ours? You make it sound like a cult group we are in. People with bitcoin already know that patience is very necessary in cryptocurrency especially with bitcoins

Dollar exchange rate strengthened. Bitcoin is weak.
For those who don't like Bitcoin, don't get excited about this situation just yet. I just want to say that the world is not doing well.
For Bitcoiners, we must be strong and patient with the situation. The world will be ours.