Bitcoin Forum

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Where are you from? Because most of countries are currently at tightening stage fallowing US in increasing interest rates.

In my country (poland) the Monetary Policy Council set the interest rate at 6.75% in October 2022 and there is no indication that they will lower it. On the contrary, with inflation at 15%, it would be useful to raise it even more.

Is it possible that the interest rates are declining and the real estate sector is collapsing at the same time?
I don't believe that having affordable mortgages would have any negative impact over the real estate sector.
The fiscal and monetary policies of many governments around the world tend to be less and less effective. Financial discretion done by the government seems more like a mistake nowadays. The right thing to do is to cut more government spending and put the national budget deficit under control.
I don't know where do you live. The situation is my country is difficult as well, but the real estate sector is still in good shape and the inflation levels are slowly declining.

After the recent economic crisis and inflation, we are facing the same thing here. The worst thing in this country is once something's price goes up, it will never go down. So the poor will always suffer no matter what. The government ain't taking any action to resolve this problem. I think this country will go bankrupt soon. We are short on electricity supply and the debt to Singapore is over $300 million. In 2-3 weeks we will face power loss all over the country. I don't know in which direction is this country going.

I don't really think you knows the purpose of your investment, how do you think and see cryptocurrency investment or do you take it to be a ponzi scheme or quick get rich scheme where you invest some certain amount and get back some folds?

As I usually say to any around me cryptocurrency investment doesn't require impatient people or investors, you must know the kind of invest you wants to venture into be it short term or long time at least they both required 5 months to 1 year patient before you could start witnessing the bull trend otherwise investing today and expecting to start seeing the bull sign is a very wrong mentality, so change your perspectives towards cryptocurrency investment and exercise patient.

How does boasting about the economy work? Is it just by setting up a few policies to increase the tax rate, interest rate, etc.? Has this method actually worked in moving a country with a shite economy to one with a very stable economy?
To me, I believe the economy of a country is highly influenced by the creation of job opportunities for its citizens, which will reduce poverty in that country since poverty can't be completely eradicated.

If you set up a friendly policy that will attract foreign investors to the countryside, there will be more job creation. And countries should also normalize using their own products and not be fully dependent on imported products; this alone increases the country's high demand for foreign currency and reduces its own local currency value, which is one way of telling people that the country is not in economic balance.

There are many factors that can impact your investment in the crypto currency but not the one you are describing here. For example in you analysis there would be two important points to discuss. The first one is there is no direct impact of your government and their policies on the local currency in respect to the recession. It won't affect on the larger scale. It may affect it minds of local investors but it wont have huge effect on the crypto currencies. What can impact it on global scale is something getting implemented in the USA which is not in the favor of crypto.

I barely doubt, your nation's government will have such large scale impact.

You may be surprised that your investments in the crypto gone up positively even in the recession and that's because they are free style (decentralized). They have hundreds of other factors on which they depend.

It is really worrying if the value and price of Real Estate in your area collapses at this time, because assets such as Real Estate that are there should not experience a collapse in price so that Real Estate investors can be helped a little by the global economic recession. But if the government there is still carrying out policies to stimulate the people's economy, I don't think you need to experience an excessive dilemma because the government is still quite concerned about the economic problems of its own country.

The situation and conditions where I live are still quite safe in terms of the economy, because everyone can still work in their respective fields while continuing to invest and save to keep themselves alive safely and peacefully and not experience difficulties. And for the prices of necessities or asset prices such as real estate, they also did not experience a collapse so that conditions remained as usual and did not experience any disturbance.

The world is moving to a digital economy, gone are the days we all hoped completely on natural resources to survive. The government capitalized on those resources such that citizen didn't profit much from the gift of nature. I see us in a world where our natural resources are now implanted in the brain of everyone. People should come up with ideas that'll change their finance and boost personal economy. If you must spend the money at hand, do it wisely. Money works in different ways, you can invest the funds on affiliate marketing if you need faster returns, that's if you're excellent with Ads. Keeping the money in the bank doesn't add up, sometimes I see it as a waste of time. It's better you use the money to promote a profitable product.

All countries are now in a difficult economic situation (just in some countries the economy is suffering a complete collapse, while in others there is a gradual deterioration in the economic situation). 

This is due to the transformation of the economic structure of the world economy.  There is a global transition from the industrial way to the information one.  At the same time, the elites of many countries are striving to slow down this transition, using social models of the 20th, 19th and 17th centuries for this. 

As a result, there will be more and more wars, economic crises and man-made disasters in the world. 

It looks like we have entered a period of global social turbulence.

Not in all places that real estate is collapsing. There are certain areas where these properties are going down but not for all. I still see in some of the areas that have been skyrocketing. Yes, this is true and I don't understand why it's like that. Maybe all about these capitalists that have been predicting the prices.

But I'd still believe that real estate is no doubt one of the best investments. So, if it's collapsing where you are right now and you've got piles of cash ready for investments then you may take some of those lands and houses.

What cryptos did you invest? If it's with Bitcoin, there is no doubt that you'll take profit soon but you need to be patient. In my observation to most economies right now, the first world countries are still fine, the same goes with second world countries but some of them are experiencing hard inflation.

And for the developing countries, it's known that many of them are still struggling due to the incidents that's happening globally.

Commodity prices rise and never fall, even when inflation and interest rates fall. That has become a cultural feature in my country for a long time, nothing new :D :D. I think the reason is that the financial authorities have loosened their management and have not done well in regulating prices in the market, from which mercians have colluded with each other to profit. The situation in my country is not as bad as what you describe, but things are also suffocating the lives of the poor, and government policies have never been implemented for the poor. These are all just empty promises.

In all honesty, I really don't know anymore. Things are just getting more and more complicated worldwide and even more so here in my country. The prices for services, other necessities and other needs are steadily increasing while the people's wages never increases and for those that did increase, it didn't even increase that much. Even I am already getting confused with all the diversifying that I do with my investments. Since the ones that I thought that wouldn't be affected that much are already being affected massively by the economic changes not just in my country but with other countries as well. Although at some point, I already expected something like this to happen in the future back then but not to this extent.

Seriously, I don't even have the energy to start pointing fingers as to whose fault all of these are. I'd rather just focus on rearranging my investment strategies and portfolios to at least be able to protect my family's future. sigh. . .

I'm seeing some realignments for political and economics reasons. I don't know where you are from but if your Government is in active discussions with leading organizations in the Middle East and Asia then your country will probably reap the benefits in the years to come. This is under the assumption that there would be no more wars involving the current superpowers.

During the economic recession, it is a common practice of governments to take range of measures aimed at stimulating the economy. One of these measures often includes lowering interest rates. However, the desired results of such measure often takes long time to materialize, addressing as economic challenges requires consistency and patience.

It is true that crypto space is undergoing rapid technological advancement, making it attractive investment opportunity. However, it is important to keep in mind the risk of its significant volatility before taking any investment decision.

Still the same, as inflation affects the prices of goods in the market the salary of an average person still remains at bare minimum. Sadly our current president couldn't even handle the situation that the economy facing right now. Since the citizen of the country couldn't manipulate it's prices if the supply and demand affect the market. Mostly of the people are just surviving to the current status of the economy it's like they save $5 dollars per month if we minus the bills and needs. Hopefully i nthe future we could see some changes made by the government.

Nothing different here mate. My country is struggling as well. But what turns matters worst is the high level of corruption in my country. The pandemic permanently closed a lot of our businesses here and I also lost all my source of income. I have investments in our local stock market but it turned into a nightmare with some stocks performing worse than crypto's altcoin market in a bear season.

Despite all of these trials, we need to strive harder than ever. I am actually looking forward to crypto's bull run next year and 2025 as my biggest hope of recovery.   

If someone can think of an investment plan in the middle of a recession, it means that he is able to maintain a stable financial condition, while in the midst of a "collapse" the real estate business is a good investment opportunity to start in that sector. Why "no choice"? Unless you state where you're from, some countries are simply not suitable for real estate business in various global economic situations.

That seems to be the case in a couple of countries one of which is China. A lot of real estate owners out there are getting their properties foreclosed and repossessed by banks due to defaulting on loans. With interest rates rising everywhere, I'm lead to think that the global economy is definitely going to shitter by the day. It's not helping that the Global Currency Standard, the USD, is also having its own problems due to their lenience and overprinting back in the days of COVID finally coming back to bite their asses, which will definitely cause some sort of domino effect to countries that are allied or connected somehow to US. In any case, perhaps we'll just have to brace ourselves this time while we plummet to the ground.

The harsh economic situation is not being experienced in just one part of the world; I think that almost all parts of the world are facing the same issues: dedollarization, high interest rates, and inflation leading to greedflation and shrinkflation. A lot is really happening, and one thing to do is to keep readjusting to the changes so as not to be too depressed by the kind of situation that some people are already facing. The economic situation is very bad in some countries. If one has one source of income, look for a side hustle to support yourself if your income is not really enough to handle a good number of your bills. Also, it's not really now that people should just be stacking their money in the bank because of devaluation, which will still reduce the purchasing power of that money.

In my country, the situation is also uncertain and challenging. I cannot predict how the economic turmoil will affect me or others, but I hope that we can find ways to cope and adapt. I think it is important to stay informed, plan ahead, diversify income sources, save wisely, and seek support when needed.

If you take the U.S. and EU economic metrics, the recession that everyone seems to be concerned about isn't actually here. Inflation for USD and Euro are still high but the growth forecasts don't point to a recession necessarily. It's possible they're muddying the numbers or the mere possibility of a recession is causing concern and creating less money circulation. Wouldn't be the first time baseless speculation and panic caused economic turmoil.


Lot of the institutional investors aren't exactly sure where to put their money, so they're sitting on it with stable assets instead of circulating it into business ventures. It can create a feedback loop and cause lesser economic growth within itself. I wouldn't say real estate is collapsing, speculation about what could happen which isn't helpful.

What scares us is the increase in economic uncertainties all over the world. No one knows where the economy will take. Governments try to do something, but they fail. One of the downsides is that the increased prices never come back. How long can it go on like this? The world is on the verge of a major economic crisis.

Those kind of weak measures used by the governments are bound to fail, as this is like giving a life jacket vest to someone that is drowning on a sea full of sharks, it could slightly help their situation but it does nothing about the hungry sharks, so small and big investors alike are on the fence about this and they are waiting for the economy to show signs of improvement, and if it does not then they will take the necessary measures to protect themselves and the wealth they have accumulated over the years.

You've done a great job of keeping your money in crypto because if we deposit money in the bank, we get nothing but paying fees every month. And the value of our money will not be able to increase but decrease until finally, our money in the bank runs out if we don't save every month, but that also doesn't guarantee that we can get good interest because of those costs.

The economic situation in my country seems to be stable and under control even though there has been a slight increase in basic goods, but so far, it's still good. We hope the government can solve every problem, but we cannot rely too much on the government. For this reason, we must prepare for our future by investing in bitcoin. And I think that step is right for those of us who have invested a certain amount of money each month to prepare for our future.

The source of the problem lies in how far the individual can make money every month, because this is related to the fulfillment of every human life. Recession and inflation have dissolved everything and few people are able to survive under this pressure, moreover the available job status affects the poverty rate every year and it is increasingly difficult for people to get financial resources to fulfill their daily lives. The problem is the extent to which the government is present to provide solutions and almost many countries fail to achieve this equality, people are required to continue to manage their own lives with various considerations of aspects of work and those who fail will continue to have problems

No one can talk about investing in these circumstances and there is no point in making literacy and encouraging people to invest because all they are thinking about right now is how to get a job and how to fulfill their daily needs. When individuals are strong in the economy it may be true that investing is a good choice and that's how people keep cash flowing even if it's slow instead of keeping it in a bank that yields nothing.

Our country has not had much impact on the global recession and inflation because we have food sources that can be processed independently and even though talking about employment is difficult and there is still a lot of unemployment that has the effect of post-pandemic recovery, least so far food needs are still sufficiently fulfilled and still enough to sustain community life.

This will be much more problematic when the community does not have the option to find a new job and in the following year it is not certain that the community's economic resources will recover.  Government programs are one way to get out of this problem, they must be in favor of the wider community with programs based on the economy and the housing business.

Regarding the situation in each place, I think it's almost the same due to the impact of the pandemic and the global economic recession. yes. many countries are pouring budget there for recovery. I think your position is still very safe, you still have a steady income and you can support your family, even though at some time you have to look for additional income again to cover your family's shopping needs because the value of basic household staples has all gone up. what is certain is related to this economic turmoil, I think all elements also feel it, whether he is a civil servant or private sector or the community in general.

The economic condition of my country is very bad. I have to spend what I earn in this country. Can't save any money for future life. I had deposited some money in the bank and took that money from the bank and kept it at home. Because my country has suffered a lot economically and various banks are going bankrupt right now, so I took my money out of the bank and kept it at home. But I am planning to invest in Bitcoin without keeping money in the bank. Although there are already some investments in Bitcoin, I will invest this money in Bitcoin to strengthen my investment. Because currently I think investing in Bitcoin is better than keeping money in the bank.

The situations of every country is same in most of the cases so we should prepare for the situations of inflation. I think setting some business is worthy because if a person save money in bank then due to inflation may be he loss that money and in case of crypto so there is no guarantee of getting income.

In my opinion build a house or shops and give it on rent is a beneficial decision and everyone wants a home to live so there are large number of individuals who don't afford to build home so they will live on rent and this will give you maximum monthly profit. So during inflation as every country faces it this opportunity will help you to live a happy and easy life.

Your country maybe but I think my country is not.  The people who are governing your country do not govern all the countries.  There are people who are capable of governing their countries, bringing growth and improvements.  I feel sorry that you have a leader that is incapable of making your country improve.  I hope in the next election your people are able to choose leaders that are competent enough to give you satisfactory results.


Bitcoin investment is not a quick race, it is a marathon where you need to hold for a longer period of time to get a satisfactory profit. If you are in for a quick rich scheme, then probably Bitcoin investment is not for you. 

If we look at economic direction on the level of a country, I think it really depends on a specific country. Some are rising, some are getting worse, some are just in stagnation. But if it's about the global economy, I think that it's growing, and the direction of growth is quite clear. Recessions are temporary setbacks, pauses or slowdowns of this process. The issues I see are not those of recessions. It's an issue of the wealth gap growing, the issue of huge distribution problems. The world is making enough overall, enough to cover the basic needs of the total population. But apparently the idea that nobody must die of hunger, suffer from malnutrition, die due to incapability to afford basic medicine or have no roof under which to sleep is just too radical, leftist, woke, or whatever. That is disturbing to me.

But some parts are facing it more severely than the others. This has bring the novel tilted, " The Animals Farm" by George Owell. George Owell made a statement in the novel and says that" All animals are equal but some animals are more important than the other". The Economics situation in the West Africa (Nigeria) in particular is much more difficult than any other country in the world. Buhari, the president of Nigeria came to kill the country. He came for the goods and not for the good. The Capitalist oppression, balkanazation, allination, inflation, unemployment, underemployed, man know man employment, godfatherism, nepotism are all found the Buhari regime. Let pray that the next president should change the present economics situation to good one. The debt Profile in Nigeria is about CBN Loans: Nigeria’s debt to hit N77 trillion, says DMO (https://www.premiumtimesng.com/news/top-news/574238-cbn-loans-nigerias-debt-to-hit-n77-trillion-says-dmo.html). When do you think this loan will be paid off. As it is now President Buhari is still asking to collect more loans from world bank. And Economics experts are warning Nigeria President about the debt.

I believe that we are, but we are not going to like where we are headed at all. Communism and any type of "we need to consider the bottom as well" type of left views were disabled by the media. Because media is owned by rich people and most of the people you see on TV are not only getting their money from those rich people but they are rich themselves as well.

You may dislike it as much as you want, but with the world getting more automatic, we are not going to be able to find jobs for everyone, even if they accept "ANY" job, we won't have job availability for everyone, when you consider what jobs people trained for, that number grows smaller. So, the system we have in place makes the rich richer and that's fine, but the poor will only be getting worse and worse, basically barely be able to eat.

The days when we all relied solely on natural resources to thrive are long gone, and the world is transitioning to a digital economy. The government made money off of those resources, therefore the natural bounty was not greatly enjoyed by the people. I see a future in which everyone's brain has been implanted with knowledge about our natural resources. Ideas should be generated by individuals to improve their finances and the economy. Spend the money you have wisely if you must. If you require quicker returns, and if you are skilled with advertising, you can spend the money in affiliate marketing. It doesn't make sense to keep the money in the bank, and occasionally I think it's a waste of time. It's preferable if you spend the funds to advertise a successful product.

Just like you there are a whole of other people in countries all over the world going through the same thing as you are facing in your country right now. Investing in cryptocurrency particularly bitcoin is great and as you have mentioned you will need to be patient because it is a long term investment. While you wait to take profit, you may consider have other sources of income aside your job which I believe you may not be sure of its security.

I am pretty much going through the same thing in my country, what is helping me aside my bitcoin investments is the digital skill I acquired some years ago. I focus more on myself and how to avoid being broke than on what the government has to offer me. The economic situation right now is terrible.

No matter how you are orienting your investment purpose, just keep doing it. Take responsibility and don't complain that the market is unfair to you, because if so, you would have considered this a gamble or lottery from the very beginning. Money doesn't come so easily; it doesn't matter if you are tough enough to bear the burden during this time because most of the good and long-time investors in this industry have gone through it. After 2018, they all knew how to optimize capital. And don't look forward to meme projects; they can be a piece of cake, but they can also be poison.

To be honest no investment opportunity is good enough when you are in a global recession phase. We don't have history of Cryptos in this time so can't even comment on how will Cryptos perform in this scenario. It's better to be either in liquid cash in this time or go with Bullion and commodities at this time because these things tend to go up. But yes one will be lucky only if his steady source of income sustains, if one loses jobs then it's a very bad phase. But let's see how the economic turmoil unfolds

Hmm, after the pandemic, my country also faced a lot of difficult situations affecting socio-economic life. The fact that some of the evils of corruption also increased greatly affected the domestic stock market. A friend of mine lost all his money while investing in shares in a large company after the chairman of the board and other members were involved in corruption and were wanted. The company went bankrupt, and the stock became worthless. Although there are still many negative fluctuations, I hope that the government will try to overcome them and come up with more reasonable policies for the country to promote the economy.

I think every country is still has problems as far as their economy goes, I'm from Asia and our country has so-so performance, we are still in the middle as far as GDP is concern, but we are projecting like 6% growth. But not sure if this is achievable or not.


Good for you, most of us are in crypto or at least majority is in Bitcoin, so that is good enough. Just let me tell though that Bitcoin investment is a journey, and it's not a marathon. You really need to understand how the market works and how you can make it in your advantage. Right now we are in a bear market, so what we gonna do is to accumulate as much as we can, not necessarily buying 1 BTC right away. But buy as much satoshi as you can and wait for the bull market.

Most likely, the bull market will happen next year, after the Block halving. The question is, do you have what it takes to remain in the market for at least a year to realized your profits and without complaining what is going on in your country?

We're entering a stage of some sort of 'squeeze' economically: interest rates are up, profits are down, and the general market condition is just.. dead. There are still quite a few investment ventures that can prove profitable if you are in that market long before the others, although they are quite few and far in between. Perhaps it could be another recession in the making, but a lot of economists and analysts have been predicting this since 2015 and we've had way worse markets before. Right now, most of the countries--even the usual profitable ones--are slowing down their economic growth.

The currently scenario consists in total lack of trust between investors and common citizens towards the government and the political environment as a whole. No one trusts anyone anymore... What people say during the daylight, they don't maintain at nighttime, if you understand what I mean...

There are big companies going bankrupt, there are investors losing money, but there are also influent people making huge money during the crisis, especially the ones connected with the government, as it has always been.

When we face situations like that, we reach the conclusion the centralized parties and organizations have failed! What we have left is the decentralized promise of a currency or asset which has the potential to protect us, common citizens, from our patrimony's devaluation and from our own governments which claim to be protecting us.

The title of this thread is totally accurate: we are headed to a nowhere direction since a long ago, but I still believe Bitcoin can head us to somewhere, after all... That is what I expect.

If you have a stable source of income and could even manage to set aside some for savings, you are better off than many others. I guess your challenge is how to manage your savings well, what to do with it. Will you keep it in the banks and continue to lose value? Will you invest it? Where?

In my country, the 2022 data say that more people are feeling poor. The numbers are rather high, more than 50% in many regions. So I assume the situation is getting worse. I myself feel it, too. Even as basic a spice as onion; it's getting too expensive.

Instead of keeping it in the bank, it is better for him to invest his money in bitcoins so he can get better returns instead of keeping it in the bank. But even if he doesn't invest in Bitcoin, he has to manage his money well so it isn't used for meaningless things.

I think the situation in our country will be different and we will try to manage the money we get so that we can save some money for the future. And even though we find it difficult, we still have to have a savings account in case of an urgent situation.

I also feel the same way as them, but I'm trying to save a few dollars in Bitcoin and savings even though I know it won't give much interest, I can withdraw the money for urgent needs instead of selling my Bitcoins first.

Yeah, almost the same. But if I have money I will still invest in real estate, it's an investment that never spoil and here in our place you could just let people rent it out and help you pay less for your monthly mortgage.
Don't look for a quick rich investment in cryptocurrencies, most of the time it ends in doom. Just buy Bitcoin and store it for a year or two. If an opportunity arrives then sell it if you like too but do not expect too much in a rush and the same goes with any other investments.
You have a job, keep it, make money, don't spoil your kids, and buy what is only necessary. I know the lifestyle of the people today and they easily get jealous in just a Facebook post from a friend who went to fine dining place. Cook at your home, it's safer and cheaper.

I don't know if there is an agenda from all these Governments all over the world to make and keep people poor. All this stupid inflation forced on people should not have been, there are countries in Europe that should have remained neutral about this whole war issue but decided to keep punishing their citizens for no reason, just look at the energy inflation in Europe, it is just crazy, the standard of living keeps dropping per day, the rich keep getting richer and the poor keep getting poorer

My bank doesn't charge me anything to keep my money in the bank, that's free, but they are not giving me a good return for doing that neither, even when I put it on my savings account, the return is like one third of the inflation number so it's not a good return at all, it's a terrible one. Which means that when my money is in bitcoin I am making a lot more money and I will go towards that direction a lot more.

I understand that we can't really do much about the current situation, but that doesn't mean that we need to have a situation where it will make due anyway we can. I understand that we can't really make any profit by having any type of fiat currency, it's just not going to make me any profit, but if we can do that for a much more decent situation in the bitcoin world, we can profit.

If I am not wrong your profile shows Singaporeans and from what I see Singapore is a country that has a higher level of income per capita compared to several other Asian countries and I excluded the Middle East region. More or less what I know your country is strong in economic terms because it has a much better source of state revenue than a neighboring country and please correct me if it's wrong.

From a series of conditions that occur for me residents in Singapore are far more independent and maybe people there still have the opportunity to invest in several existing sectors, both business, crypto and real estate. But if you mean wanting to ask the accuracy in utilizing the opportunities of the three investment models that I mentioned, maybe you should try to find the appropriate match?

• Take an opportunity in Bitcoin and do long -term storage then you will see savings that are able to maintain value.

• Gold is the second choice that is also better for you to save, because gold has the same value in maintaining investment value.

• If your country is a place for global business development with the convenience it provides, real estate is still in a good category to choose from.

Your priority scale that better understands the condition of your country and from various media that I often read Singapore is a country that is quite advanced in the fields of technology, business and industry, so that the accuracy in implementing investment strategies in certain fields of you itself who better understand. More or less that your country is described in several media and many people in my country want to continue the business there and so far you are more familiar with the conditions.

Well, he didn't say anything bad about Bitcoin or cryptocurrency investments, he simply said that he invested in cryptocurrencies and due to the current market situation, he isn't yet in profit so it's still unknown when and how much profit he might make from it, there is nothing wrong with that statement, it is a general sentiment about the market.

Cryptocurrency investments certainly require patience since you cannot just invest and start getting a profit, but it is also okay to have your thoughts and opinions about the market as we all know it moves in both directions from time to time.

Globally every economy isn't as strong as they were before 2020, after the pandemic many business and economics are still struggling to recover. The situation in my country is worst, business are shutting down and people are losing their joy too. Things are getting worst but cryptocurency has been our savior as it's giving a source of income to many people including myself.

We're still in a cryptocurency bear market so don't expect much to happen until the year ends, next year might be when we'll start seeing increase from the price of Bitcoin as it'll be increasing due to fomo and hype of Bitcoin halving then next two years, the main bull starts.

Normally we don't just invest nd start seeing profits, that's why as an investor you must have it in mind that it's seasonal whereby if buying at dip we must hold till whenever the bear elapsed then we may think of seeing bull, that is when to merry whatever they have added to cryptocurrency investment to at least have some profits. However, after bear sometimes we don't see some coin active anymore doing well as it was maybe if the team feels like to revive the project then before there would be a positive move on the project this solely depends if the team members are genuine.

As we know history and economy have spiral and wave development. Spiral - this is a spiral upward to a new level (globally), and within one turn - a wave-like fluctuation - from drawdown to growth.
Now we are just witnessing another cycle of decline, the end of which, as expected, will be growth, and most likely even new opportunities. This is due to several factors:
- withdrawal from the market of "weak players" and the release of many niches for players more adaptable to the situation.
- the emergence of new technologies that are born during global crises that bring the economy and the whole world to a new level of development.
On the one hand, today's time is very difficult, but I'm sure there will be a lot of interesting things ahead - from changes in the world economy and technologies, to a very noticeable change in the geopolitical "layout of the cards." We live in interesting times :)

Yes, people are really getting it from all sides and not a lot of people seem to have disposable cash to invest in anything.  ::)

In my country, inflation are causing rapid increases in the cost of living and interest on debt are being increased by the government. The electricity and utility bills are also much higher and interest on fixed Banks deposits are less than inflation.

The Bitcoin price might be low now, but we have seen previous events where there were a strong recovery and that left some room for making small profits. (Example : Buy Bitcoin at $26k and selling it at $30k = +/- $4k Profit per coin)  :-\ 

In our country, inflation and prices go up, hitting us hard. Electricity and water bills have gone up almost 100%, as have the prices of foods and basic needs. They are going up day by day, and workers right now are asking the government to raise the minimum wage so that they can afford to buy those needs as the prices are always going up but their salary is the same. People also right now here in our country, instead of going to farms, are going to cities to get employed because fertilizers are expensive, and there are only a few businesses right now that are still standing as others are going bankrupt.

It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.

Don't feel sad if you buy Bitcoin at a high price because the Bitcoin price will increase again.

And it is true that in some countries, inflation is already causing the cost of living to rise, and many people are struggling to survive. But that's what happened, and we can't stand still hoping for help from the government because I'm sure that we can get through it and keep trying to survive. Everything must pass, and remember that the future will be better than now. And we can share this experience with our children and grandchildren later so they can survive if the situation in their time is difficult.

But is it really a perfect solution when we put all the money in bitcoin? Bitcoin is still a risky asset, don't forget high return comes with high risk, and don't tell me bitcoin has low risk and high return.

If I were OP, I would just put a portion of the money in bitcoin, and that would be money I wouldn't use for a long time. The rest I will buy gold because gold is stable and does not depreciate due to inflation and is also easy to convert to fiat if I need the money to use it. If we do not want to invest, then buy any asset with stable value, we should limit depositing money in the bank because inflation will eat away our money.

and that means, we should not waste time thinking about this matter as it won't do any good in our personal lives. so better look for alternative jobs or additional jobs that can possibly help us in our financial needs.
we can't trust the government to help us in surviving the crisis. we should take care of ourselves and find a way how to keep up with the rising cost of living.

this is not the first time the economy has suffered from inflation, inflation is a part of the economy and it has a cycle.  therefore, economic recovery is certain but inflation will soon return in the future.  i agree with you, we shouldn't waste time researching and coming up with solutions because it's the government's duty, we alone won't do anything or come up with any good idea. Instead, finding a way to save ourselves from inflation is what we should do above all.

And unfortunately something as simple as this is beyond the capabilities of most people, they take a very passive stance and they simply hope that the government is going to fix everything, and maybe they will find a way to avert the upcoming crisis, but even if they do most people would have suffered tremendously during that period, so we cannot give up the responsibility to look after ourselves and protect our assets to the best of our abilities.

Do you think that price is going to fall down? If yes, then you can still profit via Margin trading if you short sell Bitcoin or other coins.

He probably says that real estate prices are so increasing that even rich people can't afford them. I don't think that real estate is a good option when its price is gone too far where a lot of people can't afford it. Market crash happens and real estate market will crash too, it won't grow forever.

From what I understand, OP is saying that real estate prices are also falling according to the economic situation, and rich people are also afraid to invest because it doesn't generate profit. The real estate market also became gloomy, not better than other markets. But it is still considered the safest asset, and the fact that it drops in price is a good investment choice. The demand for real estate will never go away or decrease over time, look at how fast the world population grows, and you will see the potential of real estate.

Now the general economic and financial crisis continues. It affected almost all countries after unprecedented measures to combat the coronavirus pandemic, ongoing wars, especially that Russia unleashed in the center of Europe by invading Ukraine, as well as climate change, which primarily negatively affects agriculture. During this period, keeping funds in fiat or in banks at interest is inefficient. A much better solution has always been an investment in real estate, eternal values, antiques. And now we have a great solution with investments in the best cryptocurrencies. But in cryptocurrency, you cannot count on quick profits.

Well, the state of our economy here is somehow changing compared to the past 3 years. It seems that our economy is still in the stage of recovery, and almost all countries are now facing this situation because of the inflation that is being faced all over the world today.

       In short, all of us around the world are facing the situation that you have in your country as well, the only thing that is really needed now is for us to have a smart strategy to grow the money that we earn from the work that we have. Although, the risk does not disappear as long as what is really needed is to be strong and good at choosing.

The real estate market is different from the FMCG market, and it has both ups and downs. Moreover, "regional" and "situational" moments are added.
For example - in my country, as well as throughout the world, until 2009 the real estate market grew like a bubble - take it today - tomorrow sales are guaranteed to be more expensive. And prices have skyrocketed to an unacceptable level. But the people, by inertia, bought, and even on credit, being sure that tomorrow, even taking into account loans, they would sell at a profit. The market has burst....Prices have fallen.
Then, though, the situation stabilized and prices began to rise again.
After the Russian attack on my country, the real estate market expectedly fell even in the capital, especially in cities close to the front line. But after some stabilization, around 2018, prices began to rise again. Today the prices look quite logical, but the demand is still pushing up the price, because. a large number of people appeared who lost their property (temporarily occupied areas), and wishing to buy in other cities.

There are still natural resources left but it would be better to not fully rely on them so that they can last long. It's always better to diversify or have an alternative on the side. Digital economy is booming but we can't fully transfer on it as there are things which will only work offline. Also, not all people have the ability to follow the current trend. They are already contented on the basic life.

There were talks about chip implants in the body, is it the same thing you're talking about? That's scary but it's a good thing if the idea is to help people realize the importance of natural resources. People can still be taught in a natural way. This is more safer than those implants.

I don't want to offend, but I think the people who say real estate has no potential are the ones who don't have enough money to invest in it. The demand for gold and bitcoin may disappear if we find a metal more precious than gold or a new technology better than bitcoin, but real estate will always be in demand because everyone needs a place to live.  
In summary, with the economy in recession, and currency depreciating, we should stay away from fiat money altogether and allocate our money to deflationary assets like gold, bitcoin is a perfect choice.

Most of them don't really have a choice since they don't find any solution for it themselves and they simply just hope and wait for things to be managed by the government or the authorities which barely happens and then they become disappointed. If they have enough wealth, they may go for investments like real estate or gold, but those with limited wealth will be left hanging.

Such people if know the correct medium of keeping their wealth at the right time will surely act upon it but they lack the necessary knowledge, hence they stay where they were and get hit pretty hard with inflation and economic crisis.

The current economic conditions are indeed difficult, there is a lot of bankruptcy of the company because it always reports losses, especially the off -line sector such as malls, bookstores, etc. now many end because they cannot generate profit, but we must be smart in dealing with situations like now because every Problems, of course there will be a solution

I think real estate is a very strong industry. it is very possible that some investors prefer to invest here compared to investing in other places which sometimes still have big risks in their industry. some deposits also still have links with real estate. I think this real estate is perfect for those who want to have investments with more convincing returns because the market rarely goes down.

All of us here hope for that, and some us(like myself for instance), hope that bull run will start earlier, maybe in August this year. But in the meantime we shouldn't just sit and wait for that. We must adapt to new realities. Many things have changed over the recent years, and those changes can't be ignored if we want to stay afloat. Luckily, we have the internet to find out about what are the optimal things to do in the current economic situation.

It's understandable that you see investing in Bitcoin as a way to potentially grow your wealth, especially considering the low interest rates offered by traditional savings accounts in some cases. Cryptocurrencies like Bitcoin have the potential for higher returns compared to traditional savings options. However, it's important to recognize that investing in Bitcoin also comes with higher risks due to its volatility.

Much of the ongoing inflationary pressure in many economies can be attributed to the pace of economic recovery. Supply shortages still exist in most cases. But supply shortages can also be a symptom of a bigger problem. As can be said of economic ineffective fiscal policy and weak productivity growth. But no matter which way the economy goes, investing in cryptos like bitcoins can yield good returns. It is very good coin and trust worthy. Even if the risk is high, there will be no impact on the investment regardless of the direction of the economy.

There are distinct differences as well. Banking institutions would be able to offer insurance for your wealth with low profit potential from saving on their bank. Investing to Bitcoin as you've mentioned would be promising for profit potential but indeed risk would be there and that you'd be the only one in charge of your assets such that if anything happen in this space, no one would compensate for it other than yourself.

There are indeed economic problems which somehow imposes risks to your wealth but if it is just assurance ofcourse regulated platforms and institutions would be a better choice, still. Bottomline is measuring the risk in every option you consider.

Without a doubt those which lack the resources to try to protect themselves have my sympathy as they cannot do anything except to hope for the best, however there are many people out there which could in fact do something to protect themselves but they refuse to do it as they simply hope for things to fix themselves, however the track record of governments and banks is terrible and as such we cannot depend on them to solve the current economic issues and instead we need to something by ourselves, and buying bitcoin is a good step which can be taken by anyone that has some spare money to invest in this market.

Shopping malls and small stores will nit survive anyway in the future due to the emergence of eCommerce sites and it even reached the remote areas where people can afford to spend money on buying goods so even if there is stability in the economy of any country the shopkeepers should find an alternative like taking their business to online by creating their own site or just list them on Amazon and others.

But the rich people are getting higher revenue than before because they adapt to the trend so innovation in their business keep them alive even at worst economic situations.

To OP the traditional investments will always take time like atleast two decades to feel the returns in terms of real estate or gold however the cryptocurrencies are not that old but managed to emerge to big level in 10 years so if you can invest then don't forget to include bitcoin into your portfolio.

If you are concerned about uncertainties and want to achieve stability, it is typically better to keep a diversified portfolio that includes low-risk investments such as bank savings or other stable assets. Saving money may serve as a safety net and help you establish a financial cushion for unforeseen events.

There are challenges and uncertainties such as geopolitical tensions, climate change and inequality, there are also opportunities for growth and progress. Like advancements in technology and innovation can lead to new industries and jobs, while government policies and international cooperation can help address global challeges. It's also worth considering that economic growth is not the only measure of progress. We need to consider the social and environmental sustainability, equity and quality of life. Therefore it is important to approach economic development holistically and consider the broader impacts of policies and decisions. It is important to remain optimistic and proactive in addressing economic direction. By working together and embracing innovation and sustainability we can shape a more positive economic future.

I don't know, it depends on many things, and most of all on where do you keep your money. There are many countries where putting your money in a bank is an equivalent of throwing it away. If we expect economic instability, maybe the real things, like good quality tools, are worth investing into. I mean, apart from household tools, a good fishing rod, some Japanese hooks and fishing lines may come in handy one day.

Every government of each country are battling seriously with inflation problems and you can hardly find any government that's doing well economically currently. And like like all economic policies are failing with no remedy in place and all of these are a burden borne on the citizens.

At this time there's so more necessity for multiple streams of income like never before as way to meet up with certain family responsibilities as a family as all government economic policies are really not giving us a positive relief. And crypto especially bitcoin is one way out of such burden.

Real estate is indeed a good choice in investing because its fundamentals are so strong that some banks even choose this industry as their investment business. The problem is that the economics of micro-enterprises is in a bad phase, of course sooner or later it will affect others. if we are just a small entrepreneur whose income is reduced then getting into investment will be so difficult. I don't think even real estate is a thing that's going to continue to go up in the future.

I understand your concerns about declining interest rates and economic challenges. In my country, it's a tough time for many, with many businesses collapsing and limited investment options. In this uncertain situation, I believe it's important for one to prioritize stability and explore diversified saving options. While cryptocurrencies may offer potential, one still needs to be cautious due to market volatility.

All the things that you have seen OP are just negativity, maybe you really stress in your life seeing how bad is your government system. Well, I'm glad that our country isn't bad as your country. But I will tell you that stop relying on the government strategies, they are not actually helping you. That is why we should look for an opportunity to grow our finances and become financially stable. If the banks are not reliable, then better use them to run a business or do anything that would do to make more money. We make our own economic direction, not them and not the government.

The global economic conditions are currently in a recession so that it has an impact in almost all countries also feeling the effect, of course this is a big problem for us, to get a raise is of course very difficult and in my opinion the best thing is to find a source of income that we can do.

When conditions are difficult like today the best thing for us to do is try to find many sources of income, many people complain too often so they lose ideas to be better, and in my opinion the current opportunities are very easy for us to get, cryptocurrencies are of course an alternative income and don't make it as top priority.

To get a new source of income, most importantly we must learn to understand the field of business before plunging into the business world. like the crypto world, we must be able to understand cryptocurrency and ultimately the results we get will follow as our knowledge increases. moreover, we work on crypto, it doesn't interfere with our main work, because we can set the time according to our activities. moreover, the crypto world is not affected by existing inflation

Increasingly difficult economic conditions make us always have to be vigilant, the ever-increasing needs make our monthly income run out before receiving a salary, this is what makes us have to take advantage of all the potential to get additional income.

Investing in cryptocurrencies carries a high level of risk, especially in the current market conditions that do not promise quick returns. Even if you have a steady income, finding stability and saving money is a wise move. Continue to monitor the market and share with experts to make wise decisions in facing this increasingly uncertain economic challenge.

I don't think, my country economy will be bad like your country economy because our government do everything possible within their capacity to ensure citizens don't feel bad about the current inflation that is affecting other countries citizens. Many investors in my country 80% of them are into cryptocurrency investment, because our government has created more opportunities for the people to take the advantage to support their financial growth in the country. I think, this inflation is about to leave for deflation to occur for people to start saving money, that they will use to invest in cryptocurrency and hold for the price to increase before they can sell to make a passive income.

Putting all your money in the bank is not a good idea in the current economic situation, because your money will be eaten up by inflation and unlikely to grow. So investing is a very good way because your money will work and grow, not stagnate or decrease like you put it in the bank.
and in the current economic situation we are required to be smart in dealing with it, I mean smart to get extra income so that everything is fulfilled and not rely too much on salary because it will not be enough. And with this you can meet your needs, save and also invest. And investing in bitcoin is a very appropriate choice, especially for the long term, which will definitely provide a good return for you and this will also minimize risk, and make your savings as a reserve fund or sudden needs without having to disrupt your investment. And do both after your needs are met, and it's the best way to deal with the economy in any situation.

Actually, these various savings must always be made by everyone under any circumstances, not only when facing difficult times as in the current example. But it would be much better if it could be done every time without being affected by any condition, because the savings in spending money will always be useful in everyone's life in order to be able to deal with any situation in their life. So that everyone does not have to feel difficult when economic challenges can make their business bankrupt.

Complaining will never solve any problem, but still trying your best is one way to deal with difficult situations and it is also a good idea to keep living so you don't experience difficulties in life. In terms of cryptocurrency, actually it can also be used as a main job as long as someone is able to maintain their work and existing assets on the necessary foundation, because there are also many people who are successful through cryptocurrency. Although some people still don't make cryptocurrency their main job in life.

Dabbling in cryptos carries a high-stakes risk game, especially with the market's current vibe that ain't making fast cash guarantees. Even when the bread's coming in steady, securing your finances and stacking some savings is a boss move. Keep your eyes peeled on the market's pulse and tap into the wisdom of the experts to tackle this rollercoaster of economic challenges.Leaving your entire stash in the bank is a no-go in this economic climate; it's like throwing your cash into a black hole of inflation with no growth in sight. So, letting your money flex and grow through investments is a power play, rather than watching it wilt or dip if left to languish in the bank.

In these economic times, we gotta roll with the punches, be sharp, and hustle for that extra income so we can cover our bases, not just relying on the paycheck that's always playing hard to get. This way, you're not just meeting needs, you're also saving and investing. Dropping some coins into Bitcoin sounds like a legit long-term play, set to bring in the big bucks and minimize risk. It lets you keep your savings for a rainy day or sudden needs, without messing with your investments. Cover your needs first, then play the investment game. It's a top-tier strategy to weather any economic storm.

Not many countries are able to provide social security for the population, even if there are good social programs, then you should think about relying only on yourself in any situation. Negative feedback about the government is a common occurrence, people always want to get more than they have, but not all economies are capable of this.

The current economic situation is weakening because many companies are reducing the quantity of production and of course reducing the number of workers, my country is also experiencing the impact of a weakening economy, it is very difficult to find work and the best solution is to do business and of course you need capital to be able to do business.

I don't really know the situation in my country for sure. But in the country where I work, the economic situation is slowly improving. All sectors began to show fairly good growth. But the number of people looking for work is much more than the number of job vacancies in a company. The point is there are still many people who do not have a steady income. It's just that I'm quite impressed with the people here. because when they are not accepted to work in a company, they make their own way by opening an independent business. It's just that this makes competition in the market even higher. So I can say that there are too many traders while consumers have not experienced an increase.

And even now it seems that more people are implementing frugal living. They have adapted from the economic crisis that had occurred. thus they currently chose to have their own preparations. I personally am lucky enough to have a job where I don't worry about income. but I also still choose to have various types of side jobs to supplement the income that I can save and partially invest.

In terms of investing in cryptocurrencies, these virtual currencies are highly liquid and have the potential to increase in value, however, also carry a high risk of risk. Therefore, it is necessary to clarify the research on the cryptocurrency market and devise a prudent investment plan. In the context of economic difficulties, it is necessary to save and manage finances wisely. You can consult financial experts or investors to find a way to manage your finances more effectively.

The economic situation of each country and territory may vary. Right now, however, the recession is happening globally and affecting many countries, not just your own. Economic stimulus measures through fiscal policy, such as lowering interest rates, pumping money, and supporting businesses and individuals, are common solutions by many governments. However, their effects may not be effective in all cases. Investing in savings or real estate are traditional options for financial investments. However, as you mentioned, these areas are also facing many difficulties and uncertainties.

I do agree that it is going to happen soon, but unfortunately not that many people are expecting or waiting for that to happen at this moment, they should, but they are not. I know that it is going to cause a lot of trouble for too many people eventually but that doesn't mean that we need to make a big difference in the end, we just need to accept the fact that it is going to end up with a trouble eventually if people do not wait and start selling.

Too many people expect it to be a bit different and that's why we may not go up the way we suppose to. I do believe that we will go up, but we need people to realize inflation and horrible economy is coming soon again so they should stop selling their bitcoin, if we can convince them, then we will see new ATH for sure.

Well every nation is developing their economy with their own powers, plans and management that execute it. It’s not a simple job either considering you have to move entire national wealth in positive side of Break even point. I some cases having global power is enough to drive them in positive side. Take an example of USA. They are in billions to trillion in debts since few years now and yet the nations GDP is one of the highest around the world. Why so? Because they are mega power and the money that is invested in them always over balances the debts on live scale, virtually.

However, there are still many nations who has managed to grow to new levels with worst challenges you could ever imagine.

What country is that? You and others are probably lucky to have a government that actually cares for their people, especially the ones on the lower side of the economy who don't earn much to fight the increasing inflation and face a lot of problems when there is an economic crisis within the country, governments barely care about such people or try their best to fight the inflation.

And when it comes to investments in Bitcoin or cryptocurrencies, not a lot of governments in the world are in favor of their people investing their money into them as that will indirectly mean they are losing the power to have financial control over their people.

What companies do you see now that have reduced the quantity of their production? Because I haven't seen any companies starting to reduce their production quantity at this point as long as the number of production requests is still increasing based on data from buyers of their products this year. So I want you to present a little piece of evidence that you have researched for everyone to see so that everyone knows where the weakening of the economic situation has been this year.

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

You definitely should think about relying on yourself, but on yourself only is hardly possible. Maybe you shouldn't expect some financial help from your government, you should earn money yourself, but you can expect banks and shops working and order on the streets and stuff.


And it's a good thing, people should always want more, that's how economic progress is achieved. Only in dictatorships like North Korea all people are happy with their government, but it's not good for the economy, they are starving. Well, not this guy in particular

https://www.talkimg.com/images/2023/06/04/wEIxq.png

but regular people in there, most of them.

Except for those countries where inflation is higher than a few tens of percent and lasts for many years, those governments are corrupt and useless. But the countries affected by the last economic crisis cannot say that the government is completely abandoning us and not taking any measures to help the people. It's just that they have unsolvable problems, and there's no one-size-fits-all solution. But instead of waiting for them to come to save us, we should also find a way to save ourselves, not too dependent on them.

I really doubt what this guy says, I don't believe there is a country where 80% of them invest in crypto. We know the percentage of people who know about bitcoin is still very modest unless he is from El Salvador.

I was surprised myself, but look what Google gave me to my query "how many people invest in bitcoin":

https://www.talkimg.com/images/2023/06/11/AzuK8.png

Seriously, I think that number was 10 times lower couple of years ago, no?

Anyway, looks like things in this department escalate faster than we might think, so, 80% investing in crypto in some countries may be not far from the truth these days.

To the current economic difficulties are added the problems associated with climate change that has already begun throughout the planet. They talk about global warming, but this has a different impact on specific regions. In some natural conditions will become unsuitable for agriculture, in others it will be necessary to quickly adapt to other crops and agricultural techniques. All this is associated with additional costs and loss of time.

In addition, military tensions and ongoing military conflicts between states have intensified recently. So far, the most terrible for the environment and agriculture is Russia's war in Ukraine. On June 6, Russian invaders blew up Europe's largest Kakhovskaya HPP and this caused enormous damage to agriculture in southern Ukraine. And this means that Ukraine will no longer be able to export agricultural products to other countries and the situation with products will deteriorate sharply.

It's terrible, and in the past it would cause  global economic crisis,and that's what the Russian government was counting on, but I think they miscalculated a bit. Despite all the troubles, we, the world in general, are not heading to a nowhere economic direction. The world economy is strong enough to withstand those difficulties.

That is not to say that we can just relax and flow with the current. We must be ready ourselves for possible economic difficulties in the near future because being prepared never hurts.

That’s not very accurate. Companies can not reduce their work but they will reduce the workforce. The work is not concern in any economic situation. Whether it is downfall or inflation you Call it companies would keep up the work in the same pace they would do in good conditions. They would burden the current employees and give more so that more work can be achieved. That’s how it works for the corporates.

We are not really in wrong direction but we are suffering from the economic depression which is temporary. This is after effect of war, FED going nuts and governments wrecking the entire supply chain.

Predicting the future course of the global economy has grown difficult in light of its constant change. We are all plagued by the spectre of inflation which looms large and causes concern. Relying exclusively on our current income seems risky as we navigate these uncertain times because the tides can quickly shift against us. Our creative soul needs to flourish during these uncomfortable times. We must discover the hidden treasures within ourselves and tap into unrealized potential that can transform into a source of nourishment. Our guiding principles shall be creativity and resourcefulness which will show us the way to monetary stability and resilience. Instead of waiting for adversity to strike let's actively embrace our capacity to convert concepts into real value to ensure that our future is rich even as the world around us changes.

You are correct in stating that there are so many uncertainties about world economy that make it difficult to predict its future direction. However, it is important for us take proactive approach in various ways to exploit your full potential for generating income from multiple resource. For example, if you possess IT skills then find out projects online according to your skills and increase your earning by selling your services as freelancer.
It is equally important to continue upgrading your skill set level. This can potentially increase your income and make your more adaptable to the changes in the job market. In summary, to meet upcoming economic challenges, it is advisable to be proactive, creative, adaptable and open to new opportunities.

Even America that has the biggest economy has been on recession for since 2020 that I know

The world’s economy at large is still through post Covid effect so it’s normal for every country right now to experience an economic meltdown

I do not know the country you are, but in Nigeria, the minimum wage is just about $60/month, how can a man with family survive with that?

It’s that bad, every man has to find a means to survive outside of the government but investing in cryptos unfortunately might not be one of the recommended means

The problem with the global economy inbalances will have it consequences resulted on us if we are not taking personal and individuals moves and steps towards being independent of the economy system as controlled by the government and remain dependent on how we can source a sustainability out of it from our own end, the problem lies with us being too dependent on them, once they were affected then we are directly affected too, but when we begin to make some shift that could give us an upper edge against relying on government economy and we work on having our own personal sustainable development to run the economy and remain independable, we will definitely be less affected even when such occurrence is happening.

Inflation is a very big problem that the world is facing currently. Somehow I feel it's worst in my country. Right now the inflation rate is above 30%. The worst part is, I don't see an improvement anytime soon.
The interest rate was increased last month from 18% to 18.50%. The increased interest rate just seems to make matters worst.
Higher interest rates are supposed to mean higher borrowing costs, which will make people spend less and thereby reduce inflation, but the reverse is the case in my country.
And knowing my country, the inflation rate will just keep increasing and the dullards at the central bank will just keep increasing interest rates without stopping to check if there are other things they can do to fight inflation.
It's frustrating and scary at the same time when you think about the fact that it can only get worst.

I understand your mood, but I see that is the general situation of the world, and one more thing, besides raising interest rates, I have not seen a better solution to fight inflation. I have also studied inflation, and even economists have not found a more effective solution than raising interest rates to control inflation.

This is a global situation that even developed countries cannot avoid. So instead of cursing and blaming the government, we should try to save ourselves because they will keep raising interest rates because that's the only solution.

Recognizing the shaky global economy and its risk to our income stability is a sign of today's world. The ambiguity is worrisome, but it's in these times that we find our true strength.

The notion of tapping into our hidden potential as an antidote to financial instability is savvy. It turns an unsettling scenario into a launchpad for personal development and self-sufficiency, nudging us to employ our natural abilities to generate sturdy income streams resilient to economic fluctuations.

However, this is no easy feat. It requires introspection, self-knowledge, and a dash of courage. Yet, it's a praiseworthy approach, deserving pursuit in the face of our ever-changing global economy.

Recognising the vulnerability of our income stability in a world rife with economic uncertainties is a credit to our knowledge and resiliency. Although the general ambiguity can be frightening it is in these turbulent times that we find our inner strength and latent potential. By accepting this idea we turn an unsettling circumstance into a platform for personal development and monetary independence. Deep reflection a profound understanding of ourselves and a little bit of daring are required for this transforming journey. Nevertheless it is a noble endeavour that enables us to tap into our natural talents and abilities creating stable revenue streams that can withstand the ups and downs of a volatile global economy.

Not only in your country but in most of the developing countries people are currently facing this problem. Economic problems surround people from all sides. The government has increased the amount of VAT to improve economic conditions. Where earlier one had to pay one dollar of VAT to buy a product, now one has to pay about two dollars of VAT. Increase in the price of goods, increase in VAT, due to increase in these things, it is now very difficult to buy any product for any working middle class. Those who work may somehow manage their families but think about how those who work as day laborers or engage in other occupations manage their families. The government should not only focus on the improvement of its own economic system, but the government of every country should also focus on how the people of the country are living.

Difficulties with economic development have been, are and will always be and in all countries. Trials come to the share of almost every generation and they need to be overcome. Despite this, it should be recognized that with each new generation the standard of living, and therefore the quality of life, is still improving. Therefore, I do not see any economic impasse. Hard times will pass and give way to development and prosperity, which will again be replaced by economic difficulties.

Not everyone would agree with this statement. In different countries there many people that think that there used to be better times, and in the future even worse times are coming. But agree with you, I don't think we are going towards an impasse. With some temporal fluctuations, economy has been improving and every new crisis is overcome more quickly and with fewer losses.

There is no perfect economy. Every country has a version of their economic turmoil largely due to their policies and economic systems. For my country it aside from a couple of months ago when we experienced a s slight increase inflation rate, everything is almost back to normal now but we get one or two times when it is shaken aside that we are okay. From the forecast we expect to see a reduction in unemployment and some other things that would reduce the burden of taxes that small businesses have to pay.

All analyzes indicate that the world after the Corona crisis is no longer the same as it was before it. Rapid changes in the global economy with new trends imposed a great change on the way of life in various societies, since we are in a globalized economy that affects each other. The current generation is witnessing the beginning of a change in the global system, and future generations will live a completely different reality than what we live in today.
The Ukrainian war proved great geopolitical changes and contributed to shaping the world as it is supposed to be after a global crisis that still exists.

In the face of this uncertain global economic challenge and with rising inflation I think it is very important for every individual to take proactive action to overcome this challenge.I think By exploring creative ways to maximize earning potential, embracing innovation each individual can adapt and be familiar with the current changing economic circumstances in an independent effort to reduce the impact of uncertainty and I think it's good not just say it but do it for ourselves first .

I don't think we are in the midst of a global economic crisis, but certainly there are countries where economic situation is not looking good, and if we are happen to be in those countries we have to act accordingly: we have to cut our expenses to save money for the necessities, we have to find additional sources of income and stuff like that. I think, there's nothing to be scared of. It's life, it has never been easy for most people, and yet people always, in any circumstances, were finding ways to live and to be happy, at least sometimes.

During harsh times it is especially important to not occupy ourselves with negative thoughts, the thoughts that  are imposed on us by propaganda of dictatorship regimes around the world. It benefits them to make us think
that the global economy is in deep crisis and  that we are heading towards the end of the world. It makes us cling to them dictators, the only "saviors".

I've even started preparing since last year. Because the issue of recession has even been busy since last year. so I continue to make preparations quite well. I have even become accustomed to saving and spending more effectively. In fact, I started working on the side to supplement the income that I could save and invest.

My focus is still on helping the family and buying as much Real Estate as possible. and also invest in bitcoin gradually. I continued to make long-term plans and started to implement them slowly but consistently. I want my finances to remain strong even though the world's economic conditions are getting worse.

Your choice at this time is right because you have invested in the crypto world, although it is currently experiencing a decline but for the next few months everything will happen bull run as we expect and profits will definitely be felt, and now many rich people have switched to investing in crypto, gold and silver instead of storing their assets in banks with lower interest rates, So everyone does not want to have too much hope for increasingly troubling government regulations.

The big shocks that affect the whole world cannot go unnoticed, and the world economy is now going through very difficult times. Now it is difficult to say whether we are moving in the right direction or not, there is high inflation, they are trying to reduce it, some successfully, some not so much, however, global processes are also cyclical, and after a long period of development, the world economy is in decline. Nothing can grow all the time, recessions and corrections are phenomena that have always been present.

I guess the economic situation is almost the same in all countries, just that some countries are underperforming compared to others when it comes to their economic growth. One thing that I have realized over the past year in my country about how the economy is underperforming is the aspect of price increases on both imported and exported products, which I believe is a result of a bad economy and the country's currency being devalued.
 
When it comes to banks giving a high interest rate, I have not really enjoyed that or noticed it over the past months or years. This could be as a result of me not always being able to allow my money to stay in my bank account for a long period of time, or maybe the interest rate is only applicable to those who run fixed deposits into their bank account.
 
But one question that I have always had in mind is this: how does a high interest rate on customer deposits help in the growth of an economy? When the bank is to be spending more on paying depositors profits, which if there is a huge deposit, will result in huge profit payouts every single period that could possibly affect an entire banking system, if a depositor happens to request a withdrawal all at once, won't the bank experience some sort of bankruptcy?
 
Or maybe the interest rate increase is also applicable to those individuals and institutions who are requesting loans from the bank; the higher they are asked to pay per loan, the higher they are asked to pay per loan, which could possibly be the same method used to calculate the user interest rate per deposit.

Although there are countries that have the worst downtime in their economies as we speak, the inflation rate in those countries has gone so bad compared to other countries that they still have some other quick means of surviving the harsh economy. In some first-world countries, it can be a bit better for some citizens because they can have some part-time job that allows them to combine up to two or three jobs at a time, but in some third-world countries, you will have to work 10 hours every day from Monday to Friday. Some private firms in my country will even operate on Saturday. As such, their staff works from Monday to Saturday and rests only on Sundays. It's not really easy for them, but just like you mentioned, if there are still any personal skills they can learn to help earn more funds for themselves, Some guys and ladies in my country are Into freelancing jobs online, which are not even interfering with their real jobs. Investing in crypto could also be considered a wise thing to do.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

There are rapid changes the world has been witnessing since the financial crisis in 2008, which was evident in the social and political changes since 2010-2011 in many countries of the world almost simultaneously. The Corona crisis came to expose the impotence of the global system and move the world faster to form a new system capable of responding to the reality of a changing world.
Of course, there are aspects that always appear with every change, and not every change will inevitably be good at all levels. Inflation, deflation, and job losses, in addition to geopolitical tensions, are all manifestations of a changing economy and expressions of global economic development.