Topic: U prepared for great depresion or u want to be surprised? (Read 580 times)

I am prepared for a greater depressed and stressful days... at least nothing comes in handy for people around.
I will not being able to trust anyone after what has happened to me. The financial set back has made me a hard person all together.

It is nice to see someone that is actually doing something to protect themselves, many people know that something is wrong and that things are about to get worse and yet the only thing they do is to talk about it but they never do anything, and in my opinion even if our options were limited it is important to do something to reduce the effects the coming crisis will have on us, because by the time the full force of the crisis hits us it will be too late to do anything.

If things go on like this, there is a real chance of recession occurring sometime by next year. I am making preparations by diversifying my investment assets. Most of my non-crypto assets are in equities and mutual funds, but recently I have purchased significant amounts of Gold ETF. A better option would be to purchase physical gold, but then it is not safe to keep these assets at home. I went through the recession of 2008-09, and that was during the early days of my career. So I have some previous experience with recession.

well thats wrong , the poor maybe poor for now but if will push our life and do everything to make it better then oyou will change the course of life.

being poor is normal but dying poor is laziness.

remember that every human has their own Path to take and achievements to sustain , it is a matter of how we will do this and make it better to the max.

I am prepared for both depression and surprises ...
because amid disappointment  comes hope - I am hopeful that these trouble will help soon and well see a better and brighter world in coming days

You will never grow if this will be your mindset all the time. Yes, we are currently experiencing global recession but hey mate, we are not yet falling apart. And we are still doing things to make the market normal again. But if you focus being negative and discourage the people around you, that way you will never be wanted at all. The current inflation is high, and so we should at least do things like bitcoin investments so we can combat its inflation effects.

BUT  apart from all the things going in straight line. It is never that easy for me.
everytime I invest and want to do something better for myself all my money go in the whirlpool of uncertainty - nothing good comes to me

Op wrote so prophetic and was firm about his claims. I agree with him on some issues he raised about inflation and weakness of currencies. This is no longer permutations but becoming reality as the days progress. Every country in on the high lane of inflation and long term recession and it takes information and might to re adjust to avert the looming doom.

But for cryptocurrency, bitcoin especially, it will not be worthless. If anything should happen to bitcoin, it should be from the security aspect of the network and not from utility or price depression to zero. Bitcoin is above that stage of such fear and would never re-test it.

That's true because that's how it really is so life will be cruel to the poor,
the poor can't do anything and it's not a secret anymore,
government decisions need to be made as wisely as possible and that's important

Actuallythat is true, it is the poor that in most affected here because the rich can able to sustain their living for another months or years but the poor? the prices are increasing and the jobs are closing?
this is one of the most and the saddest part of human living , when the wrong decisioning of the government makes the world suffer.

The economic crisis that occurred in all countries in the world, the effect made many people depressed, because of the difficulty of finding job
and the increasing number of poor people. We can't rely on the government to solve the problem of poverty quickly, let alone a lot of bad things
happening in this world. Starting from the unresolved pandemic and now with the war between Russia and Ukraine making the prices of basic
necessities increase.

Therefore we must be able to prepare ourselves each to face the deteriorating economic situation. Don't let our lives get worse, we as humans must be
able to think to find solutions to every problem. So we have to look for information to be able to improve our economy in a difficult situation like today.
Don't be a weak person and give up quickly with bad situations, especially until your emotions get out of control. Actually there are many solutions that
we can do if we can control our emotions and think calmly. Therefore, take advantage of the ease of internet access to dig up information on how we
can improve our economy. Because on the internet there is a lot of information that we need to be able to improve our economy.

Considering the overall situation of the world, it is clear that depression awaits us as there can't be anything good when you are war and high inflation globally. However, you can still hope for a surprise if you have invested in bitcoins. I think despite the bad economic situation, bitcoin will still rise to unimaginable prices and those who are holding bitcoin will get many good surprises.

I will be surprised by the interest of the people especially in those affected areas of inflation but I think there's no country who didn't suffer from inflation since it seems like almost are all interconnected. When the price of petroleum spike due to the Russia and Ukraine war the petroleum price started to spike in some other countries too. It's just odd but it's clear that there's someone or something big in the back doing everything to make the market seems to be moving to create inflation almost every year.

It gets to a point where the people can't hold back their emotions because they have been pushed to the war by the wrong policies of government that made world peace far from humanity and now it is affecting the poor because of the effects of inflation and no jobs. Depression is definitely coming in as scarcity becomes the story everywhere. It is pitiable how the world is turning against the poor.

Ohh its the job of time I can't do it as I can't decide but i know i wond be depressed by the value of the BTC so I'm clear about it can surprise me. Rest of the things lies on the time as always time decides what ongoing and whats going to happen. All we do is just developing the interest here

A crisis is looming, even those which do not know much about the economy can feel there is something wrong with it and that things are about to get worse, this is even more true if a conflict between China and Taiwan erupts, however a great deal of people cannot do much to protect themselves, they are so indebted that no matter what they do they cannot escape those debts on the short term and as such they are at complete mercy of whatever happens during the next months and years.

I agree - and I am prepared for the great depression.
There is such a big mess that inflation has created - there is no end to end. Only stress and trouble - the life of a middle class person is horrible.

Those that are aware of the global situation will have preparations in dealing with this great depression. It will exclude no one and will hit mostly those that are not that fortunate in life.
Aside from spreading your investments, there's really a need to be that knowledgeable in currencies so that you're aware of which currency is good to convert and save value when that comes. And us in here, we all know that it's bitcoin and that's why bitcoin was made too because this reason is part of it.

Easy to say for someone who do know that they could sustain these kind of situation just because they are entirely different when it comes to financial state which they do know that they could really

able to survive no matter what the economic situation would be.Yes, all of us would really be hit but we know the difference into those people who dont have money much and to those
people who do have lots.
Crying and whining wont really change a thing thats why you should really change your perception on things.

The world bank report states that a global recession will occur in the long term, it can be seen that high inflation from strong countries such as the USA or Europe, purchasing power continues to decline and production stops, so many people find it difficult to meet their needs, the best thing is to shift money to other countries. type of investment.

we are all prepared for the depression unless we achieve the financial stability
so better be braced up for the tough time than crying over the spilled milk. The current economic situation is going to hit everyone and it is going to hit very hard.

I couldn’t agree more because what’s the point of shouting and expressing your emotions if the government is the one who doesn’t want to listen. Inflation has affected every sector of our country but for them they want to let us feel we are a great impact for change where in fact we are just speck of dust for them. If you really want to survive, go have a business that targets a human’s necessities and by hardwork and perseverance everything will pay off your work. Budgeting has the most impact in our standards of spending because it controls or regulate something we need and we don’t need. It gives balance for what is the most priority.

In our country, we don't get any support from the government so we don't have any choice but to grind hard and deal with the stress of this inflation crisis. If we will not work and hustle hard, we will not survive. Lots of people are suffering because of the increasing inflation rate here but everyone should find ways to continue living. Yes, self-discipline and a proper lifestyle that would fit our salaries are necessary. Saving is also important nowadays because for sure, this inflation crisis will still continue to rise.

Although the inflation and the current economic situation is very stressful for everyone - but there are some people who are living in developed country and get compensation from the government - but then on the other are people who do not get any support and have to deal with all the stress and trouble themselves.
So mostly people are prepared for greater depression and there is no support coming soon.

The world situation seems to be getting worse, with many things happening that we don't expect, we who have a mind should think critically and
try to face it with the best ability that each of us has, And don't be a person who gives up easily. Our job is actually only need to have a large
amount of money savings, and everyone must maximize their respective skills to make as much money as possible. After that we can invest
in some assets that do have a bright future. Then our lifestyle also needs to be changed, in the current economic situation, we really have to start
learning to live frugally, by buying something we only need. This means that we must be able to distinguish between wants and needs.
I believe people who work hard, never give up and manage their finances well can survive even in the worst situations.

It is true those that do not have a lot of resources cannot really do much to prepare themselves for the recession that is coming, but those which are middle class can do so but they refuse to see the truth that is right in front of them, this is the time to settle all your debts and begin to save as much money as possible and yet this is not what we see, the middle class is most of the time living beyond their means which means they cannot save money either, so only those which are rich and the ones which are cautious will be able to have the tools to resits and even benefit from the recession that is coming.

I don't think anybody can be fully prepared for the recession or great depression that is looking more and more like it will hit soon. You can only work with what you have and hope for the best. To be prepared at all you'll need money which a large percentage of people don't have

I think we must be all braced for the worse possible outcome.
Should find some ways to earn some extra money. And hold on all the unnecessary expenses. Because  tough time is coming a head. With the Biden visit to Saudia there will be another episode of inflation.

That is the point well mentioned - rest of us scratch away to survive.
But I believe we all have to exclude the luxury from our lives and we need to live our life looking to fulfill our need only.

it feels like the world leaders are taking us into this intentionally. Time to reset the balance books and re-distribute the wealth to a select few, while the rest of us scratch away to survive

If the great depression starts soon, it won't surprise me at all. I've heard from various sources about the possibility of this happening, but I don't think it will be allowed to happen. Governments of countries, especially those that are economically strong, are unlikely to want to allow a scenario with a great depression. Similar phenomena have already happened in history, and I don't think that there are those who want to repeat this. Therefore, governments will try to prevent this by using their knowledge and available "tools". Another thing is that this may not be enough. Wait and see. In any case, if the great depression is on "the way", then no one will be able to avoid its consequences.

The prices of valuable commodities and the world population are increasing. I think as these two indicators continue to increase, the need for housing will always be on the agenda. I won't say anything about luxury housing or private land prices, but I think the need for housing will be constant. Also, if the real estate bubble bursts in a world where the rich are getting richer, opportunities arise for those who need housing... Big market makers are creating an imbalance in prices by instilling fear. I don't think we're going to have a major depression. Surprisingly, I guess we will continue on our way. I am not very pessimistic about our future...

I know it's going to happen one day, but there's so much talk about a recession nowadays that I doubt it's going to hit this or next year. With problems in the economy it's that when people talk about it and are ready it never happens. Some examples are the projected real estate crash that people were talking about for the last 10 years, but we had a covid crash in 2020 that nobody expected.

We are bombarded with so-called experts that are predicting a "Global economic collapse" almost every week.... and each of those so-called experts are shilling for some kind of asset or commodity (that they are invested in) to pump the price. Let's buy some bitcoins ....just in case something does go wrong, but let's avoid the "shilling" for Bitcoin as a safe haven to pump up the price. 

We can be Doom's Day Preppers .... without having to influence others to do the same.... just be an example and they will follow on their own. (You just look like a crazy person to them, if you force the issue)

I think this is happening on a global scale. The inflation problem is getting worse day by day. And I see many places are still facing the risk of default through the economic indicators they provide, although I am quite peaceful at the moment as I am living in a country where the growth rate is very low. Economic development is at the top of the world, but price problems are escalating, jobs are shrinking, and investment channels are gradually becoming inefficient. I also have a thought that this period needs to spread a lot of knowledge about working for people as well as connecting people around the world to help those in need.

No, I’m not preparing for a “Crypto Great Depression” because I find it highly unlikely that it will happen. I am a firm believer in the utility of blockchain technology and cryptocurrencies in general. Is it possible that the market crashes and crypto currencies become essentially worthless?

I suppose so. But I find it highly unlikely considering how much an investment has poured in and will continue to come in from institutional, governmental and retail traders. The reality is crypto currencies are here to stay but we have to be patient with the price due to the shaky global economy.

Go down in price? Or go down in distribution? Demand of oil will keep on increasing and those who own the oil rigs and distributors will keep on taking advantage of the high demands by implementing high value for it.
It will not go down, imo. If there's a good investment now, that is the target. As long as that US-Russia conflict is not fixed there will be shortage of oil supply and I doubt Russia will back down to their challenge.
Prepared? That's something that will depend on the economy. You may have kept millions of dollars but there's a chance it will lose its value if bad things happen.

Yeah this is not a big deal anymore. This shit is gonna happen now and then or more precisely every couple of decades when few governments are unable to handle their nations properly. Humans I tell, they are greedy, they will become over thinker over specific period of time and loose the situation out of hands.

I am not at all surprised with this and I already have doomsday preparation.

I was very much prepared since COVID situation itself. No hard barges.

Oh, wow! May your words be prophetic! May the heavens indeed make the prices of oil go down! It has been rising no end. The increasing prices of oil and oil products is causing a huge ripple effect on the local economy of my country. It's the reason why the cost of public transportation is now rising. And since all kinds of goods are also transported, their prices are also rising.

But where did you get this? Did you have some kind of a premonition? Did you see it in your crystal ball?

As others have stated there has been talk of a depression or recession for over two years now. This has been on the table ever since covid hit. Honestly you’re giving some bad advice here. Now is likely NOT the time to sell investments. There’s a good chance you’d be selling low, and markets will eventually bounce back.

Many social media influencers are being smug and cocky about a crash. They post pictures of themselves with a gun and say they're "fully prepared". As if they plan to use gun ammunition as fuel or food. It is a strange world we live in, with strange people.

I have prepared for a crash for many years, and I'm not well prepared. If the doom and gloom doesn't hit after a period of years. It becomes normalized to assume it will never happen. The confidence and smugness many have over the next recession must be fueled by a firm belief that it will never occur.

Most buy a gun and focus primarily on home defense. Or grow their own food to focus on self sustainability. A big crash could extend to transportation, communication and energy as well as the basic fundamentals. I don't think there's anyone who is fully prepared for that.

earlies the COVID has brought the world on halt and then Russian war.
and now the after affects of Covid and War that is inflation war. But nothing is going to be easy anytime sooner.

Maybe it's coming, maybe it's not.
It would be fair to say there's a 50% chance. If Feds are able to stabilize inflation and control demand then we might land safely.
Macro-economics is more uncertain, unpredictable, and indecipherable than quantum physics. An economist will keep on crunching numbers and analyzing, but he can never be 100% certain  

But yea, if the crash does come it will be the worst one yet.

At this point in time the question is how big the next recession or depression is going to be? We know that is coming and we also know that it is inevitable, but are the politicians currently on the top will be skilled enough to avoid a complete collapse of the economy? That is what we don't really know, personally this is something that I will not like to see because even if the collapse of the fiat system will be something good for the long term health of the economy the amount of suffering this will bring is so enormous that no matter how prepared we may think we are, we are also going to have problems under that scenario

I can't get surprise for the next recession as I could still remember what happened in 2008 very well. The war in Ukraine has create a lot of problems already for the market and the risk assets are mostly hit. I will say this meltdown is going to last as far as the war in Ukraine remains with us.

Surprise is for those haven't experienced recession and might get depressed because it might seem new to them. But those who are already used to how the economy has been operating in years past by now are warming up for the worst. Prices as well as the economy has never been in a stable state it has always been in a fluctuating state since inception.

Recession discussion is already in public but you can't do anything about it, if an individual is receiving less of income, they will be badly hit because recession comes as inflation increases. The remedy to go for is diversification of income but you can't also do that if you are not able to save up and gather finance. As recession gets closer with inflation, it eats up into the finance you have and savings becomes hard but we need to keep trying harder and try to reduce expenses by buying the necessary things and leave out those not necessary.

Whether a person can get prepared depends not only on expecting a recession, but also on one's financial stability and ability to invest, save up or do anything else that is not related to paying for basic life needs. And the worst thing is that those who can't prepare because they can only afford to cover the basics already are always hit the hardest.
We don't know how bad the recession will be and when exactly it will come. The situation can also very from country to country, from fiat currency to fiat currency. And cryptos aren't a safe haven, as they can go up, but might also go down along with the global economy.

Oil will go down

Yea dude no crap depressions, recessions, and other economic turbulence doesn't only affect cryptocurrencies. Tell us something else we don't know.

Even if the recession is coming, I hope I can be ready for that. No matter how hard, we need to keep surviving using everything we have so we can pass the bad situation that happens in our country. I am sure all people will keep trying to do the best they can because we know that the recession will mot besides us forever. There will be a moment for us to the recession will end and no matter how long the recession will happen, we can make sure that we are ready for that.

Not just crypto but all others will follow

You're sounding like you're the first to think that a recession/depression is coming. Literally almost everyone in crypto or investing in general communities have been talking about this for months now. Calling for a collapse is actually the common opinion now.

U ready or u surprise?
A lot deflation a lot lay off-s and oil fuel gold prices falling
Eur and dollar about skyrocket against other currencies.
A llot rich investors take off money to put in bank becouse rates going up its good for savers.
The thing is u not told that the up coming huge deflation and companies bancrupties and lay offs and crashes of 80% is normal process u are told some reasons like supply chain....food shortages or war.
The thing is its all normal process this process will take inflation away and balance out wo r ld again.

Same like 1929 everbody was surprised...but why surprised?? If central banks shrink the money supply its all normal process.

The moment they will shrink the moment domino effect start.

Get out from the risky assets and currencies most definately assets or currencies with limited liquty options the news been selling to crowd lias i dont tell you as i dont give financial advice wich one but one counry currency will fall against usd and eur hard most people bought the top now and it will fall sharply.

And all that things it can be avoided and so only if people are intetested to learn how the things are working.

There is so many fake wrong naratives out there that its funny how many people fall for it.

But one thing is sure big crash and economic dowturn coming and thats normal process you had all the 10 years time to prepare when the banks printed inflation up and this fake economic show was holding up dont complain now you had all that nice time

Gona be interesting process to watch specially real estate collapse wich will surprise many of you and thats funny