Global economic and trade crisis

[Dark.Island]

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?

[1714936670]

1714936670

[1714936670]

1714936670

[1714936670]

1714936670

[Febo]

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.

[lobat999]

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.

[Nasbacyar]

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!

[Lucius]

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.

[Ucy]

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.

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

[Findingnemo]

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?

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.

[legendster]

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?

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.

[Febo]

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.

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

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.

[Jating]

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?

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.

[SquallLeonhart]

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.

[MonsterV]

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?

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.

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.

[Rustamm]

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.

[Febo]

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 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.

[sunsilk]

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.

[vtcdthui]

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.

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

[archiday]

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.. 

[tonyvo2017]

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?

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.

[ethereumhunter]

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.

[RealMalatesta]

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.