Global economic and trade crisis

[uray]

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.

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.

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[imstillthebest]

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

[cotton ball]

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.

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.

[Wintersoldier]

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

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.

[abhiseshakana]

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.

[Arkann]

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.

[TheUltraElite]

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.

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, 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.

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.

[Memminger]

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.

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.

[abhiseshakana]

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.

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.

[GideonGono]

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.

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.

[Xxmodded]

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.

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.

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.

[LUCKMCFLY]

~snip~

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.

[huige007]

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.

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.

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.

[The Sceptical Chymist]

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.

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.

[Murat]

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.

[HarmonyA]

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?

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.