Bitcoin Forum

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

You cant avoid it. If it will happen it will happen. You cant do anything about it not to happen. What you can so it to use it in your advantage. You can do that to store your wealth into some liquid asset that will not lose value now. In past that was Gold. Then when prices fall most you use that Gold to buy whatever is there to buy.  Of course you can fail at doing so. Maybe crisis will never come, maybe will only come in many years from now and you will buy Gold to early. Maybe you will start spending gold to early since crisis will be much deeper as you expected. Maybe you will start spending your Gold to late since crisis will be much weaker as you expected. This reminds me of day trading in crypto.

That question will be best answered if they are directed to economic managers and policy makers of Governments around the world or even on the U.N. and its very frustrating that most ordinary people just like me can't do so much to prevent or influence it since that scenario is unavoidable due to the fact that certain countries have different economic agenda and  would do anything to achieve them regardless of any bad outcome it will result to other trade partners.

No one knows what the economic future awaits the world. Forecasts remain only forecasts. But if a new crisis is inevitable, all that remains for us to do is prepare for the worst-case scenario. How can we do this? In order for negative consequences for us to become less painful, we need to increase our active work. If you earn and invest in assets, these assets will bring income over time. Constantly developing and increasing profit growth is very good, but in difficult times you need to be able to save and protect your money. Diversify your income portfolio. If you do not intend to use a variety of sources of income and financial reserves, then you risk losing out.
I wish everything morally and financially be prepared for any obstacles!

There is much talk of a new big financial&economic crisis recently, and some experts say it has already started, others say it will start soon, some say that it will only happen in a few years. The question is whether this crisis will be the largest so far, or it will be similar to the one from 2008? In any case, the collapse of the world economic system will do no good to most, but the rich will probably get even richer as was the case in the past.

What is different now is the fact that we have Bitcoin, so next crisis will be big test for it - and it would be realistic to expect that something revolutionary as Bitcoin should be safe haven in time like this. Some people say that Bitcoin will also be hit, and that it will not be immune to major disruptions in world markets because it is too connected to fiat.

In my opinion keeping of fiat is probably the worst option, Bitcoin so far has proven to be a great store of value, and I personally see no reason not to continue to do same in the future.

Gold will likely not do OK during a global crisis. Most people will be struggling to
— Feed
— Drink clean water
— Treat diseases
—  Bath
—  Stay clean during menses
—  Stay secured
—  Stay informed 
—

Few will be concerned with personal luxuries and beauty. I think gold will probably be worthless.

Food, Water, medicine, clothes, toiletries would likely cost more

All you can do is save your assets in the form into something which have stable value at any condition and its possibly gold because it has the stable value compared to any other investment in this world.Maybe crypto can be a choice but we don't know yet crypto could be a solution for the economical crisis worldwide.

Well the telltale signs are already here. For the first time, the US DOW dipped in about a decade. Last time it happened it was the 2008 depression.

Economies in east are also slowing down, like my country India and then the Chinese are also facing similar slowdowns.

What's funny is some of these governments are downplaying this and diverting the public attention towards other things. Not just funny, but strange as well.

Most people will but 1% of people holds most of wealth. They will not struggle anything but will want to safely and as anonymously as possible preserve as much of their wealth.

It's inevitable, just look at the Venezuela crisis. Up to know people there are surviving but involving themselves into crypto and buying goods and services inside and outside of the country using bitcoin in order to survived. Best scenario wherein crypto is really helpful, sort off.

However, if it is a global phenomena, then I guess people will leverage their wealth either in gold or precious metals or cryptos. Either one of them will be the shelter, crypto hasn't been tested so this could be a game changer to see if at least bitcoin could be a hedge in an event of economic crisis.

What makes you think that global economy crisis will surely happen? We might have useless government everywhere, but that does not mean they are still not doing everything possible o avoid it. Look at  the aspect of recession, it has been over 3 years now that I have been hearing global recession happening and till now it still has not happened.

It does not mean that there is no possibility of it happening, but it might have been averted already while we are still here discussing anon thinking that it will happen. Well, in the case of economy crisis if it eventually happen, there is nothing much to be done, we will just try our own little best to protect our assets and maybe bitcoin will also have a way of helping those that has invested in it then.

Because crypto is still untested, I conclude that gold and metals will be target of surviving crisis if it occurs. Venezuella uses bitcoin to survive crisis compared to gold or metals because bitcoin itself has high fluctuations, so they are risking what they have.But for those who are already in crypto will still choose crypto as an option to survive crisis and vice versa.

But from my analysis, when a crisis comes, people will prefer gold or metal. Gold and metals are more stable and prices continue to rise, in contrast to crypto which has high volatility, it will be a betting arena.

During world crises, you need to buy real estate, land, gold. Only in this way will you be able to save your money and earn in the future when the recovery of the world economy begins. By the way, gold has already begun to grow, and this is a signal that the crisis may happen very soon. I am more interested in how the global crisis will affect Bitcoin, because I plan to keep my money in it.

Because there was one every 5-10 years in past. We had like 10 from WW1.  What is different that some predict it will be catastrophic this time. And Bitcoin might play huge role in this catastrophy.

When it will actually happen? preparing most of the time would be the best thing to do because it might happen unexpectedly. I have already expanded my investment into real estate but I don't have precious metals which was said to be a good wealth saver.

However, besides real estate, I have bitcoin that's on held which I believe that will help us whenever a crisis comes. As known by most, this is one of the best store of value up to date.

That true, I like your thinking may be it's correctly.

Crises are cyclical in nature due to the cyclical mood of the masses of investors. The whole market is nothing more than a game of the moods of bulls and bears in different weight categories of wallets with different risk limits.

You can imagine this as the sum of waves with different periods, which as a result form a visual representation of the market in the form of a graph. But at the same time, each separate group of people and even one person behaves the same way - it moves from extreme to extreme, from mania to panic. And the market itself behaves irrationally - exactly at the moment when all investors believe that the instrument will only grow (mania), it starts to fall, because there are no more buyers, and the offer is growing like an avalanche.

For example, if you take the bank lending sector, then it has a foreseeable limit - you cannot give out more credits than the consumer is able to take. But the consumer has already been credited and there is no turning back. This means that at some point banks will no longer be able to creadit the consumers, and this in itself will cause a deflationary collapse: there are no credits, consumer dont have money for pay anything, there is no profit for the companies, there are many unemployed, and again - no credits. Economic is stop.

It is this process of adding the mood of the masses of investors that the elliott wave theory studies and describes. And she has long and accurately predicted the future - SNP500 goes to 666 points, BRENT Oil - 12$ (and no matter when).

Just wait..  :D

I think I will keep Bitcoin and USDT. because most people will focus on deflationary assets to have the opposite effect of inflation and economic crisis.
At that time, Bitcoin would be very expensive and we would be rich if we bought it early before the crisis hit.

To be honest, I don't make any plan on how I can avoid the global economic. I only prepare myself and try to be ready for the worst thing that can come in the future. We cannot avoid the crisis if it's happening in all countries because we will get the effect of the crisis whether we like it or not. But maybe we can prevent not to get the biggest impact by taking care of ourselves from the chaos if there is happening. But I think that will depend on the government each country on how they can prevent bad things.

I wonder if there will be more countries getting into this. Like we already know china and Russia are good friends, we already know USA had some issues with Russia meddling with their elections which is really not cool and would probably cause some problems when democrats take back the power.

On top of that China is having a trade war right now but Russia is doing well with USA because trump likes them, now when democrats come into power I am sure they will put up some sanctions to Russia whereas they will remove some from China, can we expect Chinese power to slowly try to gain control over other nations nearby that lives and survives thanks to Chinese economy like Taiwan or whatever and make sure they don't get any american products or even have laws against it? If this war goes to other countries it may actually create a serious problem.

No matter how you save or invest, if the world ever goes into global economy and trade crisis it will affect everyone even the rich. As the world needs one another to survive: what affects the other person affects you.
Some might have saved up some Gold, fiat or even Bitcoin  but then what if it hits suddenly? Everyone will be taken by surprise.
But again, even if you have saved up for it, there are things that money can't solve.

To be honest, I can't do anything with it. It is inevitable.

It will come and what people can do is to brace for the impact of that coming. No status will ever stop that and if you are rich, even if you are poor, you can't prevent it, you need to be ready for it. I'll just do what I can right now since that will be the best choice I have.

I think you should be able to see what trading you are referring to, if trading USD or FIAT money seems to be still a bit stable, but for digital currencies like cryptocurrency then right now it's not good so it's better you have to be careful when trading cryptocurrency .

There are already many notices in some news, the case of the Rothschilds who claim to have changed all their FIAT money for Gold, and the case of China with its president Vladimir Putin who is buying gold in large quantities, maybe these people for their position and deep investigations know something that we do not, so we must not only be alert in buying gold, but Bitcoin, in case of a world-class decline, Bitcoin and Gold are great assets that can take refuge in our money.

Of course, Gold throughout history has had a lot of prominence, both in wars, world crises, the case of bitcoin for being a digital asset that is not supported but by the Law of Supply-Demand, but has great validity at the moment that some type of inflation occurs and that it is easy to transfer from anywhere in the world, while gold can hardly be transferred due to its multiple permits and expensive Fees, in my view, whoever can buy Gold and Bitcoin is being a person very smart.

I still ask myself what will I do if the biggest economic crisis will come out. I don't know how big the impact for each country, especially for a small country or developing country because I think that will give an impact on their economic. The trade war between the United States and China does not yet give significant impact to another country because I believe both United Stated and China doesn't want to ruin the market and I think they are only doing joke for a while. But I don't have any idea if both United Stated and China are doing more than now because that will make a big effect to the market and I think there will be the next crisis in every country.

There are many ways to reduce impact of coming crisis but keep in mind that we cannot avoid coming global crisis no matter how it is because all will feel impact, not only in financial sector but in other sector. From now on, I myself am preparing an investment that is able to keep my wealth like gold or try bitcoin if you are brave enough.


It is true that this will all be determined by respective governments, because government will be responsible for coming crisis. When government takes wrong steps in a crisis, the worse the country's economy is, fate might be like Venezuela.

It could actually help the smaller countries at certain point. If two countries as huge as USA and China go to war that means they will need other small countries with them, for example USA will do some great helps to some smaller country and China will do the same so that small country could decide which one they want to continue to work with.

Now, if that country picks one than they will stop getting help from the other but if they play their cards right they will be spoiled like a kid in a divorced couple. That is why I think that this trade crisis may end up helping the smaller countries that these huge two nations are trying to persuade to be allies in this economical warfare.

It may hurt them if they fail to get attention but it would be great help if they take advantage of the situation.

Some economists make the predictions that econimic crysis is coming and that will affect majority of countries. But when exactly is this going to happen it's hard to tell but we all know that crysis come in cycles every now and then.
If and how is this going to affect the crypto market is hard to tell. But I guess that some crypto stash might help us to overcome economic crysis easier.

Does this issue drive the rise of the crypto market? According to many sources I read, the stock market is down, but gold is on the rise. Thus, the fact that investors seek refuge in gold and BTC is true or that is just rumors.

I'd say that's really the best you, me or anyone normal can do.

We all think it'd be smart to do certain things but at the end of the day, all we can do is prepare for the worst. I am thankful that there is yet another option to diversify and to prepare alternative financial plans for (Bitcoin), but it's really just another alternative, to spread the risk. For all we know, a global shitstorm will hit Bitcoin just as badly as it does regular money. One thing for sure, spending power across the board will drop, either through loss of value of loss of income. And that means cutting off less urgent, less critical expenses. For the moment, Bitcoin buying is one of those.

If there is another recession coming if that is what you are implying then it would be a dream come true for any investors in the market. If they have the chance to liquidate all assets for money at for that time then they should do it and when the prices fall it will be the best time for them to buy them back and hold it until the recession is over, that will be the time the investors will profit from the market. The only fight here is within ourselves, we must be emotionally intact during this period so that we won't do dumb choices on losing out more money. A lot of investors became instant millionaires because they took advantage of the situation and I hope the upcoming one it will be our time to earn from the market.

There's really no such thing as the perfect hedge. Not many people realize how bearish the 2008 crisis was for gold because of the larger 2000-2011 bull market, but it crashed 34% over a few months in 2008. In typical economic contractions, cash is king and virtually all assets suffer, particularly speculative assets.

But if major fiat currencies start showing serious weakness or collapsing, all bets are off.

I wouldn't put too much faith in your government to help you through a recession with how they usually start recessions themselves.

For most people it's important to have enough fiat in order to confidently pay your bills and whatnot, the rest isn't really important. Nothing prevents even the safest financial tools such as Gold to help you successfully hedge a recession, especially when you take into consideration that most people hold Gold derivatives, which can be sold in less than a minute if you so wish.

I'm from Europe myself, but half of my fiat savings are nominated in dollars because I have zero confidence in the Euro. I started doing that years ago already and don't regret it a single moment. I saw the ratio go down from >$1.4 to now slightly under $1.10. It's shit. It always pays off to hedge your own weaker (non dollar) fiat currency to further reduce risk of being hit too hard by a recession.

I think I will use a lot of my money to buy real estate and Bitcoin. Most assets will be converted to Bitcoin. Because Bitcoin has a deflation mechanism, this will reduce the inflation of fiat money. After the market stabilizes, I will use my money to buy back the real estate, because at that time its value is very low while bitcoin still retains its rigidity.

For gold, that is absolutely true because gold has been in existence for so long and that is what many people all over the country are more exposed to, but bitcoin is what I don't really know the level of their exposure to it yet because it is only solution that they are exposed to they will take.

The little ones that has heard of bitcoin will surely take refuge under cryptocurrency while majority off the ones that are still blind to cryptocurrency will take refuge under gold, so I would not be able to say the real effect of this war on cryptocurrency, but it would be an easy means of moving their money to another country, and also means of solid investment for those who wishes to take refuge under them  based in their level of knowledge which should have been properly created by us.

We will have to go back in history and look at what people did during the previous financial crisis in 2007/2008. Investors usually dump their shares on the Stock markets and they shift that capital into Safe haven type investments to hedge against any potential losses. Typical Safe haven investments are things like Silver and Gold and now even Bitcoin is seen as a good Safe haven, so you can expect that some investors and traders would shift some capital into Crypto currencies.  ::)

I would definitely get out of the Stock market now, before the share prices drop too dramatically and then re-invest when the shares prices are very low. I will also take a portion of that capital and buy some physical Gold and Silver and a lot of bitcoins.  ;D

Buy gold or bitcoin to save my money is the good thing to do compared I keep much money fiat on my pocket or in bank account. I read a lot of article which say that the trade war between US and China will give many affect to the economic condition. And I found some article who give a solution to avoid it and some of the way was suggested to choose bitcoin or gold as a safe place to our asset. Even, there are many people who have an argue such these thing and some of them were assumed that bitcoin is the right place to choose.

The global crisis you discussed refer to an event where all economic sectors in the world market experienced a collapse (a state of emergency) and affected other sectors throughout the world.

We will not be able to avoid the global economic crisis, what we can do is only predict, planning, prepare, prevent, and protect. Predict when & how this crisis will coming, planning to survive, prepare to face off this crisis, prevent the worst effect of this crisis and protect our asset for minimizing financial damaged.

In my opinion, the most frightening global economic crisis is when our assets have no value because there are no natural resources that can be bought imagine if nature stops providing clean air & water for us, the land cannot be planted because it is infertile. So far, we often ignore nature, even though nature is the support of our lives. When natural resource crises occur, any market will be sluggish and a trade crisis certainty.

I think on contrary to popular belief the crisis will not happen, and I mean barely. The more trump is the president the more wars going on (economical warfare of course) and that means everything will go badly but in 2020 there is elections and I feel like there is absolutely no chance trump will still be a president, hell he may even go to jail after his presidency is over.

However, just before he leaves the office he will probably do one big huge thing that will screw everything up, remember the bush times and how he screwed the economy and Obama had to come in and had to fix the economy? Well, same thing will happen this time around as well, trump will screw the economy of the whole world with his tiny brain and than some democrat will come in and fix everything up.

World economic crises occur periodically and regularly. They harm the economies of states, however, at the same time, they are also an impetus for their further development. Therefore, global economic crises will occur in the future. Bitcoin appeared after the last such crisis of 2008 as a means of payment, which should confront them. Therefore, it is predicted that during the general economic crisis, bitcoin and other cryptocurrencies should grow in value.

Global economic crisis will be the main problem now of all. But l will not quit to bitcoin until l didn't reach my goal in bitcoin to be rich in the coming future. This is really toUching that makes evryone excite

Gold is not getting more attention because people are losing money on stock markets. Gold is gaining value because dollar is losing value right now. I mean stocks and gold could go up at the same time if you really hit it on the nose at the same time.

For example, let's say 800 billion dollars printed by the Federal Reserves, that means dollar will lose value (which happened in 2008) and that would mean your 100 dollars can't buy you the same things anymore, that is how companies start to make more money again, their purchasing power doesn't rise but their stock does but since dollar lost value that means gold gains as well. Hence you can increase both of them together (bitcoin too because it is against inflation).

However, companies are losing money right now because of trade crisis hence the increase in gold is different.

Agreed there. He'll be voted out in 2020 and the succeeding administration will be intent on mending fences. I think that'll be a boon for equity markets and will keep things bullish for a couple more years. The fact that most people are already so bearish bolsters that viewpoint for me, since the majority is usually wrong.

There will inevitably be a 2008-like event eventually though. Whether it'll be significantly worse than 2008 is anyone's guess. It will ultimately boil down to the faith lenders have in the economy and in the Fed's ability to avert disaster, and their willingness to keep the markets liquid. These things can't be predicted.

Bitcoin is not here to make you rich and also the true fact is that we never know it will be an alternative to gold when situation like economic crisis all around the world.So you need to have clear goal with the crypto currencies other than becoming rich in few years by holding it.And also have some reserves like gold to save you if there is an economic recession.

I wouldn't put re-election past Trump yet, past experiences have shown that it is folly to expect Americans to make rational decisions when it comes to leaders. 'The Donald' represents something that most Americans have been praying for a long time- A leader who can speak their true intentions on their behalf in public, yes they can mock and show disapproval of his views in public but I am sure they applaud him in the privacy of their bedrooms. We are likely to see them show their gratitude in November 2020.

I very much doubt that the Americans are for the most part unhappy with Trump.  It is his activity that satisfies the majority of his citizens and one of the indicators of the success of his leadership is the growth of economic indicators in the United States of America.

During any crisis there are always winners and there are always losers as well, what you need to do is to try to identify what assets will perform well under a crisis and invest in them before the crisis comes, fortunately for you there have been many crises in the past and we know that precious metals do really well during most crises especially when the crisis is generated by a lack of confidence in the currency being used, an alternative investment plan could be to put your money in bitcoin and while we do not know how it will react under those circumstances there are signs that tell us it will have a good performance.

I am wondering what will happen with brexit as well, people have been talking about china and usa for a long time now and I know that those two are the biggest economical powerhouses in the world but when you combine UK and all of EU together they must be making a ton of economical dent in our world as well.

If that deal doesn't go well and brexit is a big fuck up, than there is a huge problem coming in as well, it has already been causing problems right now and think what would happen when everything is said and done and over with horrible exit deal. That would ruin many of the companies all around Europe and UK and that may affect economy. I am hoping it doesn't happen because what you think would be great for bitcoin price would actually be horrible for the world, you will have more money but you will have to spend a lot all the time as well.

Actually Global economic crisis has different impact in a sectoral context, so global economic crisis does not always have a big impact on everyone. Sector that tend to be based on local resources will certainly will be different from economic sectors with a high import goods consumption rate. But in general people will lose purchasing power. In my opinion the best way to deal with this situation is to buy more gold.

As mentioned by users here in this thread, if there is a major economic crisis no one can avoid that you have to face the music, but you can invest your fiat assets to something that cannot be directly affected by its crisis and we have bitcoin as an option, i am not expecting the bitcoin market to rise but it will be a safe place to invest when there is a global economic crisis.

Yup canceling trip to Poland to focus on Hurricane and then playing golf is amazing activity :)    People know politicians are clowns without any real power. They dance as corporations dictated them. So why not elect real clowns for it. Slovenia and Ukraine prime ministers are comedians. USA president is natural born clown. Other countries will just follow.   It does not really matter what they can do or actually do, since they only do what they are allowed to do.

Economic crisis is cycle.After prosperity time crisis is coming
I don't see any huge economic crisis
Biggest problems are in Russia because Russia economy base on input only
All that press article about crisis and recession are mostly paid
Press is still in biggest transparency crisis
However climate is changing.There was unseen temperature in Europe above 40C
There are biggest floods and tornados
Rivers in Europe are on historic low levels ground is dry.That is biggest problem and it can trigger very serious economic crisis
Technology is not magic tool.That technology tool is in hands of people .If will be strong will and cooperation to solve climate change  issues then it can be done with technology use

There are ways that any trade crisis affects global economy, of course its not just one sided like companies can't trade with each other, even the smallest part of your world gets affected by it, literally food can get a spike in price because you can't trade with another country, for example orange sale is a big thing in China and if world decide to boycott China as a whole we would see orange prices go up all around the world.

Now, that is just an example from oranges, of course that shows you how even the smallest things could be affected with this. That is why I think bitcoin will be affected but it wouldn't be affected in a positive manner, it would be affected with high price but world will get more expensive anyway. I think we should focus on removing the walls instead of building more.

Well the basic idea is to remain "liquid" meaning you can dispose of assets quickly should the need arise. Of course another problem is in what form your money is since fiat is going to get rekt during such crises. I still think it's worth having cash at hand though. Sure it's going to have lesser value but considering crypto penetration, we'd still need it for day to day activities and you wouldn't want to get caught without some once they start shutting down ATM to prevent bankruns.

On the bright side you can haggle people for valuables if you do have money and then resell those once the economy peaks again.

People have been talking about a coming crisis and the use of BTC as a better means of value instead of gold.

I think gold will be far better than BTC as a means of financial security.

Even the oracle of omaha waren buffet sitting on 122 billion dollar in cash ... what kind strategy is he using now? It's just show us how uncertain the recent financial situation that makes Warren buffet to sell more investments than it bought these days...

Picking gold as a safe haven become the reasonable one but not with me , I prefer half on crypto asset and the other half in cash to buy more crypto on the dip.

I would take my chance in this global economic crisis by fighting against the trends! Let's see what I'll achieve later

As everyone knows, Switzerland is practically the leader among all countries in the quality and quantity of bank systems.  Already, this country is starting to look positively towards the cryptocurrency, highlighting the positive aspects in the cryptocurrency market.  Recently, a meeting was organized by the Swiss Institute for International Studies with the Head of the Federal Reserve, Jerome Powell, where among all the issues very important points in the cryptocurrency market were also discussed.  In addition, I want to mention the moment that I expressed an opinion on the Libra project, which, according to Powell, will be a “system-important” project on the entire cryptocurrency market.

world economic conditions will always be there and will definitely happen whether it's when no one knows, while trading in the cryptocurrency world also has a very high risk, which is why many traders must remain vigilant when trading will not be able to provide guarantees that can always benefit .

There is always good and bad economic conditions but i fear a very worse economic crash soon. I have heard many re-known you tube channels taking about the financial crisis. Maybe the reason for this is the USA/China trade conflicts. I do hope that people will convert all their money from fiat into crypto , once they see the fiat devalue and stocks crashing.

i don't think anyone here can prevent the global and economic trade crisis from rising at all,maybe by prayer anyway. but as an individual you can prepare against it. make good investment, acquire more assets than liabilities, manage your finances so much as to keep living well through the crisis period. it is even possible to make more wealth by then if one is intelligent enough to provide solution within the environment

I think the best option be will be keeping some money in cryptocurrencies because this way globally the countries would be able to support each other since every single investment counts .. this way we will be able to go though global crisis easily.. even if the country's economy goes down you could still count on the bitcoins and all..
This way we could count on someone other than the governments..

It’s part of a cycle and really can't be avoided due to the underlying problems and unwillingness to solve them. Especially when nothing was really "fixed" from the last financial crisis.
But one can use the understanding that its coming to better protect and increase the chances of surviving it and prosper in the aftermath.
Many things are different since 2008, with cryptoassets and a more multilateral world.

Praying wont give you anything new. But people are overthinking here. Economic crisis or is it just a man-made crisis brought out from delusional minds?

See, if a economic crisis really happens then whatever investment you do will become worthless. Believe it or not you would not survive it even you prepare for it. Instead the governments know how to tackle the situation and what everyone can do is hope for the best and keep more liquid currency at hand. That would become scarce in times of need. But again I highlt doubt this to become reality and it is more of a theory.

As individuals there is nothing we could do on global level to prevent the crysis. And it will come, sooner or later no matter that some deny it.
What we can do is to prepare ourselves, both in fiat and cryptocurrencies aspect. Accumulate funds and don't take necessary risks. Split your investments as much as you can and make sure that your assets are always accessible. Expect the worse, hope for the best.

I think that the first and most important thing that we need to understand is that there is no crisis in the world, because the governments, billionaires and world clans that control both business and governments always want to see their profits grow.  You understand that superprofits can not increase every year just like that, because somewhere in some way you need to suffer losses.  If these people do not receive sufficient income, then they increase prices for everything that is possible and thereby take away funds from ordinary people.  Based on this, only ordinary people suffer, and the whole business, which is controlled by clans and due to which the economy is growing, is in order.  I am not talking about a conspiracy because our whole life is built precisely from such nuances.  The cryptocurrency was originally created so that people feel financial independence from their states and governments, but in the end we will soon get a completely controlled cryptocurrency in each state.

By that time it will be too late, just look at what happened in this market during this year, there are people that waited until bitcoin was above 10k to buy and now they want the price to keep growing, maybe they will be lucky and the price will go up but the ones that benefited the most from the recent growth are those that bought bitcoin when it was trading at 3500, if a person has the slimmest suspicion that a crisis may happen during the next years then it is important to begin to prepare right now and not wait until the crisis hit us.

In my country, one literate person always says almost the same thing, as if there is no crisis, because those in power always steal our money.  Perhaps this sounds ridiculous, but even in highly developed countries there are a lot of corrupt officials and bad officials who spend people’s money for other purposes. But I have already noticed that even among cryptocurrency users there are people who will always be few.  When Bitcoin had a price of $ 300 in 2016, then there were only wishes and dreams, and when in early 2017, Bitcoin already exceeded $ 1,500, then the appetites increased.  It’s even funny to remember those people who sold their houses and cars, and also took loans to buy Bitcoin at the end of 2017, but at that time it was already late and a very big mistake.  Of course, today they want to see Bitcoin even higher than $ 20,000 in order to at least recover their losses.

The crisis will come (I mean worse than now). However, the crisis can be delayed if governments find where to get more money to cover the debt burden due to it. Cryptocurrencies can become such a tool. Look at FB, which launches the Libra cryptocurrency with the goal of making even more money from people and all these threats from regulators are nothing more than a statement for the general public.

In fact, people will give their cash to Facebook, and they will use these funds to buy short-term bonds of the US government debt and thereby support their economy.

The problem is that governments keep talking about austerity but they never implement it, governments around the world keep growing and they need more and more money and when you add that they are trying to give more free stuff to people to make them vote for their political party, then the only conclusion I can reach is that sooner or later they will not have the money necessary to fund the government and will rely on debt and printing money to do so, but this will eventually erode the confidence in their fiat currencies which will create an even greater crisis.

I think I have to invest in Bitcoin. It has a deflationary mechanism and it is sure that prices will increase year by year. Besides, there are many people who think like me, when real estate and gold also fall in value, then Bitcoin will be a very rare asset.

We can get ready for something major by having more of our money in crypto. That is what I do honestly, I put all my money into crypto and cash out when I need it, usually it doesn't take long and I already have one credit card which means if I am screwed and I can't get my bitcoins into fiat really quickly than I can use my credit card and even withdraw money from there, you pay some sort of interest but its not that big of a deal in return of having all my money in crypto at all times. It is kind of a way to protect the value of your worth, lets say you get to pay 10 bucks for a burger, and that's 0.001 (just giving examples), but lets say tomorrow life got expensive and burgers are now 20 bucks, if you keep it on fiat you will need more money but if you keep it on bitcoin it usually goes up as well so you will still have to pay 0.001.

You will only end up dying of boredom, suffocation and hunger, there is something that my dad use to tell me, he said I should never run away from my problem, but I should rather face it which there are chances that I could overcome it rather than shying away from it.

All these global crisis, are part of human errors, and we have been given high knowledge by God to be able to handle some of these things, this is not the first time that global crisis has shown its face, when it happen the last time, many people still survives it, I guess those are people that were strong enough to face their problem and overcome it. Global crisis will come and it will go, it depends on how we can all manage it with every resources that is available to us like cryptocurrency.

Over the past few decades, there have already been several global economic crises, which everyone was talking about.  It seems to me that this has always been information that is intended to manipulate people's minds.  Apparently people were robbed of their government, and thereby explained that the whole world crisis was to blame.  I have a country house and there is a small business that brings good income, if you do not take into account my hobby for cryptocurrency.  In addition, I want to say that I practically live autonomously from energy resources that states sell to their citizens.  Based on what I said, I did not notice any effect of the crisis on my fate and on my family.  In any case, you said correctly that everyone should solve his problem himself and not run away from it and not wait for someone else to solve this problem.

It is doubtful that the crisis is going to get that bad that you need to isolate yourself from society, there have been many crises in the past and the ones that are the most affected by them are those that are in debt and those living paycheck to paycheck, so if you want to avoid the worst aspects of the crisis the only thing that you need to do is to avoid debt and to have savings, but do not save in fiat currencies, if you are not sure about bitcoin and cryptocurrencies in general you can use precious metals but if you really believe in cryptocurrencies then you can invest in bitcoin and enjoy your future profits.

I remember back in the day when cyrpus had a financial issue like in 2011 or so there was about 700k bitcoin bought all at once because someone wanted to get their money out and there was no other way to do it legally so they used bitcoin to do it. Now that was back in 2011 and 700k bitcoin didn't worth too much money back in those days but if you consider whats going on right now I am pretty sure there could be something bigger in the horizon.

If there is a reason why people would want to get their money out than we could potentially have ourselves that type of situation where people buy bitcoin once again to get out of their fiat and move to something else as well, it could be EU company doing it to get out of sterling, it could be USA company getting out of yuan, I don't know what it will be but if this continues we could have the same thing again.

There are crisis that are inevitable. But most importantly is your preparation that will help you to sustain in such a challenging time. If it happens, we will survive it in as much as there is money, land, and food to eat. The world is already going through a tough time and we seem to be ignorant of it. The greed of man to be ignorant of the threat on our environment will pave way for the worst crisis that humanity would face

No one can do it in reality, and it seems that this crisis has already started, but it has not reached its top point. However, optimists have their own viewpoint towards these events. They are sure that the crisis is not only a catastrophe but also a great opportunity to buy on the cheap something that in a few years will increase significantly in price. It is also the time to invest in crypto.

Obviously, no one not even the US government can prevent a global recession. I mean it's also a cycle if you have to look at previous global collapse. The thing is what's the trigger point and as individuals, what are you plans to keep you safe from this economic turmoil. That's why bitcoin has been touted as such and people really have to think about investing on it before it's too late.

Each and everything is on a cyclic process, here what we experience out of the global economic and job recession is also a cyclic process. This happened almost few years back, and very few countries escaped and stood strong with their varied economic structure. This time it has been turning much worse than the past. Maybe be what we experience with the market of bitcoin too might be the impact of the same.

I don't think we can avoid the economic crisis. We have to face it. and to face this economic crisis there are some things that we must have.
1. we must have an emergency fund. This fund will be used when our country is hit by an economic crisis So I always set aside 20% of my salary for emergency fund savings. and I think if we have bitcoin. we can count on bitcoin as our emergency fund.
2. when there is a crisis most of the prices of necessities will go up so we must have additional work in order to meet daily needs.

If you think carefully, you will find not many methods that will help you and your asset to survive the crisis without losses. Personally, I am going to diversify my assets so that the largest shares in assets are less prone to price dynamics during such crises. Although it is possible that I could be mistaken and some of these assets, in view of the new largest global crisis, all will fall in value.

The distribution of assets in various types is indeed important. according to the level of risk. because if we see that now there are so many investments that we can do and with this convenience we should be able to choose what is indeed safe to invest and which ones are at risk when global dynamics occur

I am not an ecomonics expert but why are we talking so much about another economic crisis as its not beneficial for any nation as they will suffer losses and developed nations can survive it due to good monetary policies and reserves but others will face huge looses.So we pray that time never come.

Perhaps I can agree with you that essential goods should be available to everyone in order to not only survive the crisis, but it is also possible to speculate on this. However, I have a question in what kind of assets you invest so that they do not depreciate in the future, and there are not many such assets.
Since we have already touched on essential goods such as water, food, gasoline, and so on, all other assets are, in principle, subject to depreciation during periods of crisis.

We can certainly avoid economical crisis, there is really no way this can sustain forever and all we have to do is stop the method we are trying to run the economy of this world and change it for better, but nooooooooo politicians will never go for that. We just have to realize that we can't live in a world where everyone is not rich but there are products made all over the world for the rich while the poor are trying to live a basic standard of living.

We can't have a billionaire class, that is waaaaay too much, people think that if we take all of the billionaires money anything above 1 billion then we can only cover a certain things and not everything, yet if we do that we can literally change the world in a better way for the future, 150-200 billion dollars to health and education of the world would equal to countless better people for the future which is what we need, or at least what our children will need.

If you start talking about the global economic crisis, you need to find real numbers that show how much richer billionaires became during the crisis, but just do not need to look for this information in various Forbes magazines that write only what is beneficial to certain rich people.  I am sure that the crisis exists only for the common people, because every billionaire is in pursuit of super-profits, and ordinary people suffer because of this.

If an economic crisis really occurs, to secure value, the best way is to turn to gold investment. Given the huge risk of inflation and the collapse of the value of shares and property. Cryptocurrency may be another alternative, but the risk is very large if the impact of the crisis impacts crypto.

Actually recession are the part of usual markets you can't avoid recession as market move in cycles. But crisis is something called a major recession however even this cannot be avoided no matter what currency we use. However to get out of these crisis generally it requires a stable currency which is not affected by fluctuations of market so that atleast the currency remains stable in vibrant market environment. So yes BTC may be a way out in such cases but only if it can become a coin of the masses.

It's not the things that I'll need to do that will matter in solving and preventing economic crisis. Yes, I'll take part, but it won't really count because it will depend on the hand of those who are responsible with handeling the economy, which is the government. If a crisis will about to happen major reasons and factors could be external amd will be inevitable. What I could do for me to minimize the effect of the crisis is to always be ready and always has something to pull, be it saving or whatever once the crisis hits the economy.

If there is a global financial crisis yet again people will look for stable financial assets rather than volatile assets and i find it difficult to see people trusting bitcoin during those crisis but what everyone should understand is that bitcoin is the only asset that cannot be manipulated or destroyed by any bad government policies and hence you can trust bitcoin for the long term.

Basically if one person will have an idea how to solve and prevent economic crisis, it will not be effective. Society shapes how the economy becomes. But there's an idea that if one person has a strong will the same as the others and they are applying their concept on how to prevent crisis all at the same time, basically it is much effective than controlling them as an entire group.
For me, to avoid self crisis, I always save, and invest. I do not trust that much in luck so, I am certain about what will happen to me by tomorrow.

in my opinion we will not be able to avoid a crisis if the global crisis has already occurred. we have to face it even though it's difficult. so to overcome the economic crisis we must have savings and assets. because in times of crisis all the necessities of life will rise if we don't have savings or our economic assets will be depressed. therefore we must save and have assets. and in my opinion bitcoin and gold are assets that can be counted on when a crisis occurs.

I think that is wrong.

Government can still be a variable that have an effect to it.

Despite cryptocurrencies being a decentralized, government can still have an effect on it. They still hold the people under them, and that is a big thing since they can circulate policies and rules about it. They might not be able to stop people from using it, there will still be a lot of people who will stop from using it.

Although we are at the bitcoin forum and working to make money from it, when the economic crisis comes, I will use my money to buy gold and real estate.
The reason is that I don't trust bitcoin's price in the long run. It's really being manipulated a lot and it's also capable of returning to zero at any time. I worry the whales will give up bitcoin during the crisis.

I agree with this opinion. We are don't know will be crisis or no but at the same time we can prepare for it if it will be. And if a person has got some good investments or assets I am pretty confident that this person will be passed a crisis whenever it will be difficult or not. I mean you must have assets like stocks, cryptocurrencies, and gold, so just invest in these instruments when you will have some extra dollars.

Nobody knows about the future crisis of Econominans. is just a professional expert who can explain in detail how to avoid economic crisis.
If you say the economic crisis can use a cryptocurrency method is not possible even though the price every time has a very high increase and gives a lot of profit.
It will not make the economic crisis disappear because only people who understand investing like this.

the global economic crisis is certainly a terrible thing for a country and the possibility before that happens the government will look for solutions all the possibilities can happen without anyone can predict with certainty that with crypto currency all economic crises can be overcome it might benefit us who have held and start investing early

I liked your thinking, rightly say, the crisis is not familiar when it will be, but soon, because According to statistics, every 10 years a severe crisis occurs, the last was in 2008, so something should happen soon.

indeed investment with gold is indeed promising and profitable, of course, but along with the development of the age and technology, investment is certainly using technology development and needed quickly practical and efficient and maybe also crypto currency was created for future investment using technology and age developments and I am sure this investment will also benefit

Wait... Didn't expect this kind of question. It seems like I'm obliged to solve eceonomic crisis when I'm not even in the government.
But honestly, the government should always be careful with their decisions. I cannot say that MY method will help to avoid economic crisis since it's just me and doesn't apply to everyone. So basically even with my method, that doesn't secure the assurance of preventing crisis. But if I want to survive on a crisis, my method would be investing on other valuable assets beside fiat so I can still have my sources when the time comes that fiat isn't doing good.

Do you remember the last economic crisis that shook the entire world and it all started from the developed nations and it was not that long ago and the release of bitcoin white paper was during the last economic crisis, everyone around the world was affected, many lost their jobs and many filed for bankruptcy and it is not that easy to recover from a major crisis and if it happens again it will affect the bitcoin market too but the extend of the loss compared to the rest of the market will be less.

i think its over . in our country the biggest economic crisis were already over that is when there is a shortage on food specifically on rice . the price of rice were super high that time , add in the financial crisis that also followed up . people on our country are loosing hope but good thing we still manage to survive on that crisis.  we dont know if that will hapoen again but i think investing some money on cryptos can help save our self so that we have extra money to use in case of emergencies like crisis

Using bitcoin is best solution how to avoid and make economic crisis in one country back to normal, by using bitcoin for currency each transaction can help economic crisis from inflation and bitcoin have higher or lower price. Depend with government want to adopt bitcoin as transaction payment or not and looking for how to make economic crisis back to be better at the future.

Basically it should be the government as well that should help to solve the economic crisis in a country. Investing money to crypto could help one to achieve some good financial stability and for an economy to considered better, all its members should participate in their improvement. If we do really believe to the capabilities of cryptocurrencies to the betterment of financial status of an economy, we should better start spreading knowledge for people to become well educated in using cryptocurrency. Basic knowledge isn't enough, if they need to part take in trading to have more profits, it is much better.

Maintaining the economic, political & security stability of a country is the main task of the government but it is important to know that the problems of the country are not only caused by internal conditions but also external conditions that sometimes cannot be controlled by our government. Especially if a country has a high dependence on other countries.

Besides the current economic system because of the colonial era's economic legacy using the USD as a benchmark, the United States automatically becomes a barometer of the world economy. America also controls the world's monetary bodies. Sometimes the policies taken by the government have been dictated by certain parties as a result of giving loans to a country.

The issue of sovereignty and political stability is the first issue in a country's adoption of cryptocurrency. Anonymity in blockchain transactions is feared to be misused to disrupt the stability of a country's security. which needs to be guaranteed by the state are not only crypto actors but all citizens.

Of course, every cryptocurrency user wants to remain anonymous and at the same time use their assets for their intended purpose, without interference from government agencies.  But we must also take into account the fact that officials, as well as ordinary people, have already learned how to use cryptocurrency for their own purposes with evil intentions, and as an example we can cite tax evasion.  Of course, many people are dissatisfied with taxes and blame the state for this, and also express a desire to see the state without taxes, but each of us understands that thanks to taxes there are state social guarantees and the very existence of the state.  This is one of the points where you need to consider the rights of cryptocurrency users and the laws of the state.

Fiat money is also going to be tax evaded if officials are corrupt and willing to get rich with the extortion schemes. Using bitcoin even some people are willing to pay taxes for the betterment of the government. So to force no tax payers governments may in future start regulatory systems to monitor crypto transactions.

Of course the taxation is done for a reason. People should pay taxes for getting some basic amenities even if you feel you are feeding those who dont deserve anything. Its the law of the land like the Old west would say.

So in that sense fiat and crypto should see usage side by side with one to always pay taxes and the second as an alternative to evade them, though that is  bad thing to do.

I think that's the issue most of the time in the third world countries. And sometimes there are imprisoned by their debts along with the growing interest. Though it is good sometimes to ask for a loan and use it to develop the infrastructures and other more which would either directly and indirectly lead to the growth of the economy and for the government to collect more funding and soon pay it off but as we know that there a lot of corrupt politicians. In addition, when the debt is not paid other demands are traded like the ports for a period of time like 100 years.

Indeed, a memorandum of understanding must be found between the interests of the state and the interests of bitcoin users as outlined in the law.

In my opinion, cryptocurrency started by bitcoin has broken the concept of the country itself with its decentralized nature. Whereas state law aims to create a state of life that is safe, secure, prosperous, and orderly in which the legal status of each citizen is guaranteed so that harmony, balance and harmony can be achieved between individual and group interests (the community).

When talking about conflicts of interest between cryptocurrency users and countries, the answer is only because "there are alternatives". And the government does not see the urgency of the importance of taking part in the flow of cryptocurrency other than that the psychology of the government officials who lead it is still very conventional. They are worried about the interaction of digital currencies with the real economy sector, in addition to disturbing the authority of the central bank, it is also feared to disturb economic stability.

Personally, I hope that many crypto users sit in strategic political chairs so they can open the mind of the government and channel the interests of cryptocurrency users.

Of course there's always happen soon because there are a lot of meeting that they should have or we can say that every country do have organization from other country.  When the crisis came then ally country do need to create something to help them or maybe they will borrow money to up their country from crisis.

From crypto, I don't believe that it could be the solution for the crisis of the country.

Many cases with some country in economic crisis because they always depend their economic with other country, why not manage their country in their hand by adopting bitcoin as legal currency, today many country always depend their money value with USD and nothing try for changing their payment way like digital currency of bitcoin.

Throughout history there have been different ways of crisis, it is remarkable to remember that at the beginning of time what was most managed to exchange goods and services was with gold, then money was created.

Now we have bitcoin, but we have seen that in many countries especially in Latin America that are having inflation-based crises, such as Argentina and Venezuela, where very high volume indices are handled at localbitcoins.com, which can be verified here: https://coin.dance/volume/localbitcoins, is that they seek refuge based on Bitcoin, which turns out to be as a savior for those of particular economies.

The rise and adoption of Bitcoin is remarkable, right now bitcoin is more expensive in Argentina while in Colombia it comes out at the best purchase price, in Latin America a great pro-adoption movement is beginning to take shape, very soon we will see in Chile and in the other countries his interest in the technology and market of Bitcoin.

A possible global crisis may occur, because the banks are primarily responsible for it, in 2008 it was thanks to them, possibly the next one is also their responsibility, it is best to have shares of gold, physical gold and Bitcoin, because is the best option to take refuge.

I agree with you that state law aims at creating a place like heaven for people but which country of the world has been able to do this for their citizens so far. This is the main problem. They are corrupted most of the times. Whereas bitcoin is nt like them. If governments legalize bitcoin, they most probably lose the control over economy. They do not care about the public, all they care about is their control and power.

Yikes, I don't know if bitcoin would be anything close to being a safe haven asset in a time of serious economic crisis.  And those crises also come in different levels of severity--are we talking about a global devaluation of fiat currencies (worst case scenario) or something like 2008 where unemployment spikes and the stock markets crash?  Bitcoin would have different utility in each case, IMO.  In a hyperinflation situation bitcoin might be very useful as long as it holds its value.

What I worry about when holding bitcoin is whether when a disaster hits I'll have an internet connection, or even electricity.  We all know that if we had a situation where the electric grid went down, bitcoin would be useless and cash would rule the day.  That's why I don't keep all of my money invested in any crypto and keep some "survival cash" on hand in case SHTF.  I'm not a prepper by any means, but I do think there's a good chance something like a grid-down scenario might happen.

When Heaven falls everything will fall down. When The Hell falls then everything gets fired, there is a good connection between the economy and politics in recent time, It always happens that political situation is the main key point for a healthy economic condition, so if your neighbor is in a good condition then you either feel jealous or feel safe about them because you have to maintain a good terms with your neighbor, So economy is not run by a single factor, it depends on various factors, sometimes economic crisis comes with a blessing for a limited number of people but a majority people face a huge problem, for me It's preplanned crisis and solely based on the political unrest around the world.

This seem inevitable,  but you can prepare ahead for sustenance when the economic crisis begins.
This include proper savings and investment in profitable ventures that would yield excellent returns on investment.
The world economy will always sometimes get to unbearable conditions for some person due to unforeseen circumstances.