BitHodler
Legendary
Offline
Activity: 1526
Merit: 1179
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 03:22:49 PM |
|
I think many of us expected another big crash since 2008.
I think the main part contributing to that is how widely discussed this subject has been, where we have reached a point where a lot of wannabe investors have prepared themselves for a crisis to unfold once again. The general rule however is that when there is such a mass scale preparing going on for a crisis, you can be close to certain that it won't be happening any time soon, especially not with how much money is being printed. Money printing can keep the economy up and running for another 5-10 years.... the thing however is that it only makes the crisis that will eventually happen even more of a danger, and it will hit everyone when it isn't expected.
|
BSV is not the real Bcash. Bcash is the real Bcash.
|
|
|
ivakar
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 03:52:23 PM |
|
seems to me that this coming recession will be much stronger that the one we've faced in 2008 that time QE helped to let the fire down, but I fear this time it won't help(( too many debts over the world and I don't think this is going to over well. I just hope it won't be that hard as a great recession in us in 20th century..
|
|
|
|
Betwrong
Legendary
Offline
Activity: 3388
Merit: 2211
I stand with Ukraine.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 04:43:59 PM |
|
Global recession is a cyclical process, but the thing is that no one can tell for sure when a cycle begins and when it ends. Also the so called "signs of recession" are, in many cases, just a product of economists' and journalists' imagination. @stompix put it down really good, so I'm quoting him in case someone missed it: ~ It's scary, but it'll happen sooner or later. I don't understand how somebody could take it as a joke or as a very small probability...
Because it's becoming tiresome! 2010 - a bigger crash will follow 2011 - we avoid a serious crash but another one will come 2012 - it's all false there was no recovery, the crash will happen 2013 - one year till the crash 2014 - it's time for the next crash 2016 - all the signs point to a crash 2018 - yeah, there was no crash int he last years but another one will happen 2019 - my miracle we avoided another one but. .............................. 2050 - swear to god a crash will happen Yeah, a bubble burst, a crash, a recession will happen eventually. But predicting one every time a dog in China takes a piss is pretty annoying. I had a good chuckle reading this.
Maybe investing in Bitcoin and gold is not a bad idea, but I'd rather suggest to invest in your knowledge. Because no amount of gold or Bitcoin will save you if you are stupid.
|
BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
|
|
|
target
Legendary
Offline
Activity: 2282
Merit: 1041
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 05:08:50 PM |
|
We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 05:12:29 PM |
|
I think many of us expected another big crash since 2008. Conditions leading to the 2008 crash were never truly addressed or fixed to prevent it from happening again. The growth of inflation has often outpaced the growth of wages over the last decade. Governments have consistently raised taxes and spending, in efforts to tax, spend and print their way out of deficit and debt. The analogy of a snake eating its own tail holds true here in terms of these policies and metrics being entirely self destructive and unsustainable over the long term. All of these variables contribute towards making recession inevitable eventually. There are two very different things being conflated here. There's the long term unsustainability of Keynesian economic strategies (the proverbial "crash to end all crashes"), and then there's the natural business cycle. Periodic recessions were observed long before Keynes was ever born. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fgx1bfAg.png&t=665&c=6biAvvaZt9C7Gg) Keynesian expansion may exacerbate the booms and busts, but I think it's fair to say that recessions are always inevitable.
|
|
|
|
senne
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 05:16:13 PM |
|
Many events like Brexit, US China trade war etc have created a tension in global economy. Recession is anyway on its way. The leading indicator like yield curve inversion has already happened. The consumer confidence index is going down too. A recession will take place in 2020-2021. Bitcoin has never stood the test of recession. The market cap is still very low to make any difference. But still I think many people will consider is as a safe heaven in case of recession.
|
|
|
|
desticy
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1512
Merit: 292
www.cd3d.app
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 09:34:47 PM |
|
Evryone is writing about recession. So, what to do right now? Buy gold?
As an option. When asking a similar question to here you will not get the correct answer, you yourself must decide which asset will be more stable in the future than cryptocurrency and the stock market. Maybe it's gold, or maybe real estate, do your own analysis based on available data. I believe that the recession will be quite deep.
|
|
|
|
alyssa85
Legendary
Offline
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 09:39:13 PM |
|
I think many of us expected another big crash since 2008.
I think the main part contributing to that is how widely discussed this subject has been, where we have reached a point where a lot of wannabe investors have prepared themselves for a crisis to unfold once again. The general rule however is that when there is such a mass scale preparing going on for a crisis, you can be close to certain that it won't be happening any time soon, especially not with how much money is being printed. Money printing can keep the economy up and running for another 5-10 years.... the thing however is that it only makes the crisis that will eventually happen even more of a danger, and it will hit everyone when it isn't expected. This. The next crisis will be down to something people haven't thought of and haven't prepared for (which is why it will be a crisis)
|
|
|
|
Twinkledoe
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2019, 09:56:11 PM |
|
Evryone is writing about recession. So, what to do right now? Buy gold?
As an option. When asking a similar question to here you will not get the correct answer, you yourself must decide which asset will be more stable in the future than cryptocurrency and the stock market. Maybe it's gold, or maybe real estate, do your own analysis based on available data. I believe that the recession will be quite deep. And most of the time, the speculation of those sources will not happen in reality. But in any case, we need to prepare for the imminent situations. And it is your own self that can only assess on what you are gonna do with your investments. It is not really advisable to follow what has been the hype because you might fall deep. Evaluate on your own and act from there.
|
|
|
|
Betwrong
Legendary
Offline
Activity: 3388
Merit: 2211
I stand with Ukraine.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 23, 2019, 02:54:36 PM |
|
We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.
Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right?
|
BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
|
|
|
jrrsparkles
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2464
Merit: 276
Eloncoin.org - Mars, here we come!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 23, 2019, 04:02:53 PM Last edit: October 23, 2019, 06:41:50 PM by jrrsparkles |
|
We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.
Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right? In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens.
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
FaMouS8828
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 234
Merit: 11
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 23, 2019, 08:03:36 PM |
|
Evryone is writing about recession. So, what to do right now? Buy gold?
Yeah, gold it's a pretty good idea, but analytics supposes that it will be one of the biggest recession in our time. In first you must consider if your work or skills will be relevant when economics will go down. Also, you must have a good amount of money for a case of bad situations. In addition to gold I would buy cryptocurrencies as well.
|
|
|
|
Murat
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2019, 05:20:05 AM |
|
Well, it's a good analysis though but still, there is no symptom regarding this situation, I think those reasons mentioned here not all of these are happening naturally, it's all about the current global political reason, I think it's all about the political crisis, some countries are moving prepared for another political crash or maybe another war, it's all about political unrest, so I don't believe that another recession will happen very soon, if it will happen then a lot of damage will also appear for sure because we are getting dependent each other and this chain is getting bigger day by day, so lets pray to remove those reasons and be aware of any situation.
|
|
|
|
Brunus
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 585
Merit: 33
Rasputin Party Mansion
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2019, 09:56:43 PM |
|
It is probable that the current system of life is not sustainable, and that therefore we start towards some kind of "stop" and "reset": the system is definitely sick and cannot stand for long. However, the history of the debt of nations continues to leave me perplexed: if all the nations of the world are indebted - and indeed ALL are - can you know who the hell is the creditor?
|
|
|
|
Betwrong
Legendary
Offline
Activity: 3388
Merit: 2211
I stand with Ukraine.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2019, 08:02:48 AM |
|
We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.
Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right? In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens. Many people consider gold a safe haven, never bothering to look at the charts. But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level. I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either.
|
BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
|
|
|
Wysi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2019, 11:00:59 AM |
|
We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.
Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right? In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens. Many people consider gold a safe haven, never bothering to look at the charts. But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level. I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either. Gold is definitely not something to invest because we have to wait ages to get some sort of profits but it does not worth the waiting period but gold can be used as a secured way of storing money by converting it into gold as gold is at least upto the market value of fiat if not profitable. If one 1 gram of gold costed $5 before 15 year it now costs around $50 now and the expenses has inflated as well so I would say gold can be used as savings to match up to market inflation rather than storing the money as fiat but it's not a successful source for investment.
|
|
|
|
alyssa85
Legendary
Offline
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2019, 01:27:12 PM |
|
The US yield curve is no longer inverted - which means that the prospects of a recession in the US at least are receding. And the Fed will be careful to try to prevent a recession in election year (2020).
Of course it is possible to have a recession in other parts of the world without it affecting the Americans. I think all American recessions have been caused by internal problems rather than external ones.
|
|
|
|
djsugar
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2019, 02:20:32 PM |
|
The US yield curve is no longer inverted - which means that the prospects of a recession in the US at least are receding. And the Fed will be careful to try to prevent a recession in election year (2020).
Of course it is possible to have a recession in other parts of the world without it affecting the Americans. I think all American recessions have been caused by internal problems rather than external ones.
The yield curve inversion is considered to be a leading indicator to recession. It happens for a short period. It need not to stay inverted till the recession. Yield curve inversion shows that there is a fear among the investors. People are not ready to take out money right now which also leads to the paradox of thrift. yield curve inversion happened many a times this year which isn't a good sign. Also, the political instability in many countries isn't helping the cause.
|
|
|
|
TheCoinGrabber
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2019, 04:10:26 PM |
|
I'm not economically-savvy but people have been warning about this since last year. They all talk about the inverted yield curve and that historically it presaged a recession. I don't say we should be panicking but it never really hurt to prepare - which is something we should be doing regardless of bad news anyway. Lets remember that from time to time a recession coming into play is something normal and we should not panic that badly and instead I personally I gather cryptocurrencies and Bitcoin as much as I can with every amount of money I have to spend.
A recession would be also a nice time to snag stuff for cheap too.
|
|
|
|
Febo
Legendary
Offline
Activity: 2730
Merit: 1288
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2019, 04:52:43 PM |
|
Many people consider gold a safe haven, never bothering to look at the charts. But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level. I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either. There is another important fact. USD had nice inflation from 1980. That gave you huge loss holding gold for 25 long years. Those price spikes simply has to happen.
|
|
|
|
|