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Author Topic: U prepared for great depresion or u want to be surprised?  (Read 569 times)
Gozie51
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August 05, 2022, 08:53:38 PM
 #41


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

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

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August 05, 2022, 11:28:05 PM
 #42

Ohh its the job of time I can't do it as I can't decide but i know i wond be depressed by the value of the BTC so I'm clear about it can surprise me. Rest of the things lies on the time as always time decides what ongoing and whats going to happen. All we do is just developing the interest here
I will be surprised by the interest of the people especially in those affected areas of inflation but I think there's no country who didn't suffer from inflation since it seems like almost are all interconnected. When the price of petroleum spike due to the Russia and Ukraine war the petroleum price started to spike in some other countries too. It's just odd but it's clear that there's someone or something big in the back doing everything to make the market seems to be moving to create inflation almost every year. Undecided

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August 06, 2022, 03:54:51 AM
 #43


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

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

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

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August 06, 2022, 03:57:23 AM
 #44


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

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

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

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

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peter0425
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August 06, 2022, 05:05:12 AM
 #45


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

It gets to a point where the people can't hold back their emotions because they have been pushed to the war by the wrong policies of government that made world peace far from humanity and now it is affecting the poor because of the effects of inflation and no jobs. Depression is definitely coming in as scarcity becomes the story everywhere. It is pitiable how the world is turning against the poor.
Actuallythat is true, it is the poor that in most affected here because the rich can able to sustain their living for another months or years but the poor? the prices are increasing and the jobs are closing?
this is one of the most and the saddest part of human living , when the wrong decisioning of the government makes the world suffer.

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August 06, 2022, 10:27:38 AM
 #46


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

It gets to a point where the people can't hold back their emotions because they have been pushed to the war by the wrong policies of government that made world peace far from humanity and now it is affecting the poor because of the effects of inflation and no jobs. Depression is definitely coming in as scarcity becomes the story everywhere. It is pitiable how the world is turning against the poor.
Actuallythat is true, it is the poor that in most affected here because the rich can able to sustain their living for another months or years but the poor? the prices are increasing and the jobs are closing?
this is one of the most and the saddest part of human living , when the wrong decisioning of the government makes the world suffer.
That's true because that's how it really is so life will be cruel to the poor,
the poor can't do anything and it's not a secret anymore,
government decisions need to be made as wisely as possible and that's important
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August 06, 2022, 11:15:43 AM
 #47

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

I suppose so. But I find it highly unlikely considering how much an investment has poured in and will continue to come in from institutional, governmental and retail traders. The reality is crypto currencies are here to stay but we have to be patient with the price due to the shaky global economy.
Op wrote so prophetic and was firm about his claims. I agree with him on some issues he raised about inflation and weakness of currencies. This is no longer permutations but becoming reality as the days progress. Every country in on the high lane of inflation and long term recession and it takes information and might to re adjust to avert the looming doom.

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

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Cryptock
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August 07, 2022, 11:45:43 PM
Last edit: August 08, 2022, 12:33:33 AM by Cryptock
 #48

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

I suppose so. But I find it highly unlikely considering how much an investment has poured in and will continue to come in from institutional, governmental and retail traders. The reality is crypto currencies are here to stay but we have to be patient with the price due to the shaky global economy.
Op wrote so prophetic and was firm about his claims. I agree with him on some issues he raised about inflation and weakness of currencies. This is no longer permutations but becoming reality as the days progress. Every country in on the high lane of inflation and long term recession and it takes information and might to re adjust to avert the looming doom.

But for cryptocurrency, bitcoin especially, it will not be worthless. If anything should happen to bitcoin, it should be from the security aspect of the network and not from utility or price depression to zero. Bitcoin is above that stage of such fear and would never re-test it.
BUT  apart from all the things going in straight line. It is never that easy for me.
everytime I invest and want to do something better for myself all my money go in the whirlpool of uncertainty - nothing good comes to me

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August 08, 2022, 09:21:51 PM
 #49

You're sounding like you're the first to think that a recession/depression is coming. Literally almost everyone in crypto or investing in general communities have been talking about this for months now. Calling for a collapse is actually the common opinion now.
You will never grow if this will be your mindset all the time. Yes, we are currently experiencing global recession but hey mate, we are not yet falling apart. And we are still doing things to make the market normal again. But if you focus being negative and discourage the people around you, that way you will never be wanted at all. The current inflation is high, and so we should at least do things like bitcoin investments so we can combat its inflation effects.

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August 08, 2022, 11:27:46 PM
Last edit: August 09, 2022, 04:26:33 AM by mm2543363580
 #50

You're sounding like you're the first to think that a recession/depression is coming. Literally almost everyone in crypto or investing in general communities have been talking about this for months now. Calling for a collapse is actually the common opinion now.
You will never grow if this will be your mindset all the time. Yes, we are currently experiencing global recession but hey mate, we are not yet falling apart. And we are still doing things to make the market normal again. But if you focus being negative and discourage the people around you, that way you will never be wanted at all. The current inflation is high, and so we should at least do things like bitcoin investments so we can combat its inflation effects.
I am prepared for both depression and surprises ...
because amid disappointment  comes hope - I am hopeful that these trouble will help soon and well see a better and brighter world in coming days

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August 09, 2022, 03:17:58 AM
 #51


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

It gets to a point where the people can't hold back their emotions because they have been pushed to the war by the wrong policies of government that made world peace far from humanity and now it is affecting the poor because of the effects of inflation and no jobs. Depression is definitely coming in as scarcity becomes the story everywhere. It is pitiable how the world is turning against the poor.
Actuallythat is true, it is the poor that in most affected here because the rich can able to sustain their living for another months or years but the poor? the prices are increasing and the jobs are closing?
this is one of the most and the saddest part of human living , when the wrong decisioning of the government makes the world suffer.
That's true because that's how it really is so life will be cruel to the poor,
the poor can't do anything and it's not a secret anymore,
government decisions need to be made as wisely as possible and that's important
well thats wrong , the poor maybe poor for now but if will push our life and do everything to make it better then oyou will change the course of life.

being poor is normal but dying poor is laziness.

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

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August 09, 2022, 09:57:59 AM
 #52

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

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August 12, 2022, 08:25:34 PM
 #53

If things go on like this, there is a real chance of recession occurring sometime by next year. I am making preparations by diversifying my investment assets. Most of my non-crypto assets are in equities and mutual funds, but recently I have purchased significant amounts of Gold ETF. A better option would be to purchase physical gold, but then it is not safe to keep these assets at home. I went through the recession of 2008-09, and that was during the early days of my career. So I have some previous experience with recession.
It is nice to see someone that is actually doing something to protect themselves, many people know that something is wrong and that things are about to get worse and yet the only thing they do is to talk about it but they never do anything, and in my opinion even if our options were limited it is important to do something to reduce the effects the coming crisis will have on us, because by the time the full force of the crisis hits us it will be too late to do anything.
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