Do you believe history repeat itself? Economic wise.

[so98nn]

I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.

I think some countries are really on the verge of inflation. I mean just checkout status of India, the GDP has gone down worst and economic status is not as good as previous 3-4 years.
A simple daily food is costing 4x higher than the normal market rate in my city and around economic cities its even higher. India being the country of farmers most of the wagers are based on the farming only.
Earlier this day, I was shopping in the market and saw that simple lemon and onions costs me 4-5x more than the previous week. This is going crazy day by day.

Yes this is effect of pandemic and with the time the pandemic is getting worst. Inflation is surely true. 

[Kong Hey Pakboy]

for us less fortunate yes it does impact to our lives pretty badly but for rich peeps i dont think they are affected to this . it is possible to escape this problem if we start working hard to improve our lives but i dont recomend gambling for our little money for now because its risky and it will only help you dragged down in poverty if you loose . problems with inflation can repeat but before that happens make sure that our lives are already improved so that we are ready . living smart by using btc instead of fiats can also aids inflation

It is not enough to do just a hard work because if it was then a lot of farmers in my country that are breaking their backs planting crops and such should have paid off but no, they are either exploited or they don't know how to manage their finances and find new streams of passive income.

[Leviathan.007]

Firstly yes, the history repeat by itself in a period of the time and it's not just about the economic history but everything in the world. To understand it better let's say the whole ta systems such as price action is using this theory and people believe the history is  repeating in a period of the time. But in your post you are saying 'gambling their cash in stocks and crypto' which is not right. Since you know what are you trading and what are you buying it's not gambling at all, you would not say such thing if you correctly manage your risk and know the relation between risk and reward deeply.  

[blckhawk]

Firstly yes, the history repeat by itself in a period of the time and it's not just about the economic history but everything in the world. Ti understand in better let's say the whole ta systems such as price action is using this theory and people believe the history is  repeating in a period of the time. But in your post you are saying 'gambling their cash in stocks and crypto' which is not right. Since you know what are you trading and what are you buying it's not gambling at all, you would not say such thing if you correctly manage your risk and know the relation between risk and reward deeply. 

Indeed, I wouldn't call it gambling because trading crypto or stock is not just about luck like gambling, sure sometimes it does need luck but most of the time it needs analysis and such to mitigate the risk. It would only be gambling if you trading without any knowledge because you are trading in a volatile market and entering without any experience induce risk. Regarding to inflation, yes it is possible for history to repeat itself, in fact, commodities are now gradually increasing, it is too little to be realized but yes it is about to happen sooner.

[Mauser]

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

Yes, I do believe that history is repeating itself. Humans like to live in patterns and follow our fellow people, herd movements are very common. And also people tend to forget very past. That is probably also why so many scientist spent a lot of time analysing past data. And fundamental investors who use chart analysis to find trading signals are also very profitable.

[SaiyanSS3]

>>https://bitcointalk.org/index.php?topic=5329525.msg56749537#msg56749537
>People begin to protect themselves with investments in gold, real estate (those who can and have the capacity) buy strong FIAT money, such as dollars, euros,
are you sure people who get into gold real estate or fiat are happy with their decision?

>>https://bitcointalk.org/index.php?topic=5329525.msg56749755#msg56749755
>because no one expected this pandemic to hit us.
no one think pandemics would last indefinitely, and followed by vaccination.


>>https://bitcointalk.org/index.php?topic=5329525.msg56750269#msg56750269
>it is possible to escape this problem if we start working hard to improve our lives
why not gambling to make changes?

>>https://bitcointalk.org/index.php?topic=5329525.msg56750389#msg56750389
>because if it was then a lot of farmers in my country that are breaking their backs planting crops and such should have paid off but no,
not surprising, crops can be destroyed by catastrophe, or vermin, even man made destruction

>>https://bitcointalk.org/index.php?topic=5329525.msg56750966#msg56750966
>Since you know what are you trading and what are you buying it's not gambling at all,
You believe investment is not gambling? That’s totally fine, I do hope everybody would treat investment seriously.

>>https://bitcointalk.org/index.php?topic=5329525.msg56751727#msg56751727
>because trading crypto or stock is not just about luck like gambling,
some people do think it’s investment, to each its own.

>commodities are now gradually increasing,
History repeat itself, commodities would be greatly manipulated, it wouldn’t gradually increasing under massive manipulation.

>>https://bitcointalk.org/index.php?topic=5329525.msg56751802#msg56751802
>herd movements are very common.
Herd are induced by fear, every history is repeated because fear is never ending?

>spent a lot of time analysing past data
Do you mean data mining on a pool of data? They’re useful for predicting weather, natural disaster,  useful for constructing new set of data, for computing, constructing pixels and color, it’s not reliable for economic.

[fullhdpixel]

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

Well that has been the issue in my country and people are blaming the current government for what’s happening in the country, and some who are able to find a way out of the country don’t waste a time in taking their leave to go look for greener pastures.

I believe that issues like this is something that the government can solve, but they always choose to ignore out of greediness and trying to launder money, none of them cares about the countries that they are really, and I believe this would come to an end when the people decides to take power into their hands and deal with the government officials. Food has been costly, and things has been getting worse since the coronavirus started, and everywhere is just messed up, and lots of things have been happening.

[SaiyanSS3]

>>https://bitcointalk.org/index.php?topic=5329525.msg56753270#msg56753270
>some who are able to find a way out of the country don’t waste a time in taking their leave to go look for greener pastures.
where can you go? Can you be independent? Do you think you can survive the wilderness?

>choose to ignore out of greediness and trying to launder money, none of them cares about the countries that they are really,
The very honest self of any man, they’re all selfish and heartless, the love for money, the love to cheat the system, the love to destroy the other man they don’t like, full of hatred and jealousy the list goes on.

>and I believe this would come to an end when the people decides to take power into their hands and deal with the government officials.
that’s silly, it might be wiser to just leave the country? Fighting the evil with your strength alone?

>Food has been costly, and things has been getting worse since the coronavirus started, and everywhere is just messed up, and lots of things have been happening.
get used to it, the condition in the slaughter house isn’t any better, when the history repeat itself, you have better idea what is about to come next.

[Febo]

Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

All prices will go up. Right now there is lack or all resources. Not just hat prices went up but they simply cant be bought. Companies have to stop productions fro a day because of lack of supply's. This will sooner or latter transplant into prices of end products. People will pay for them. Most countries will have fat inflation next year.

[BIT-BENDER]

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

No country can remain comfortable with inflation not even developed countries, but gambling is not an inflation solver, am in a country where we are trying to live with the inflation system, since it's now a natural style for our economy, this is a bad, because it adds to the already Hardship of my  the people from my land. I think politically the politicians has down there game to reviving good economy, and up there fraudulent and embezzling games.

[Shasha80]

Indeed, history often repeats itself, such as economic crises that repeat themselves and humans are able to get through them. But we do often
forget everything that happened in the past, therefore many people do not realize that a lot of history is repeating itself in human life. I firmly
believe history repeats itself, therefore if something big happens, I believe it has happened before. That's why it is important for humans to study
history and not forget it. So that when it happens again in the future we can be better prepared to face it.

[Johnyz]

I don’t think there’s a cycle on Inflation because if you look at the past years on every country, you can see that it continues to go up and there’s no way to prevent Inflation from increasing, we might just delay it but in time inflation will still win, just like this example on the year 2001 the Double Mcburger can only cost you around $1.50 in my country, now it can you cost up to $3.5.

We can use our money to invest/trade on stocks, cryptos, bonds and any market that can increase the value of your money but it wont help to stop inflation, we have to deal with this properly because everything will go up as the demand continues to increase.

[goaldigger]

Economic crisis is inevitable, it will always happen on every country even the most developed country and that’s the time for the inflation to increase because of panicking, manipulations and many things some businesses will survive but most of the small businesses will suffer.

We should also have a plan to survive if there’s a sudden increase on inflation and if the crisis happen, usually stocks, bonds and money market are the option to protect the value of your money now we have cryptocurrency market as one of the best option to beat inflation rate, this is not gambling its more on protecting our own money.

[eaLiTy]

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.

It is not a big secret that history will repeat itself and economic cycles are a fact and there are many factors that determine how the cycle will be at a given point. Right now we are in a pandemic and we are bound to see inflation in a huge way and it will have an affect globally at some stage in the next few years.

The only difference is that the rate of the cycle between each wave is shorter and so is the reason we are experiencing multiple recessions in our life time.

Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

Metals and other investments might be a good idea along with cryptocurrency investment if you think the fiat currency is dragging everyone down.

[Koro-Sensei]

It is clearly felt all over the world due to pandemic. I envy those who had much more savings and be using them to start again. However, most of us were totally devastated by this and some even lost their loved jobs and not sure if he/she would be hired again.

Maybe if things go to normal again, it's wise to prepare again for the worst just like this.

[BrewMaster]

since people never learn from the past and those who cannot learn from history are doomed to repeat it, i have to say yes the history will repeat itself over and over.

the inflation you are talking about may not be as palpable in some countries but it is there and it was started last year. it is just faster in some countries otherwise it is happening all over the world since there wasn't a single country that didn't go crazy in printing money. in fact some countries such as US printed the most amount of money in history of mankind!

[goldade]

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

You are actually very correct in your observations of what is going on the world right now. There really is no way anybody can escape from the economic impact of inflation and surge in the prices of goods and services.
I do believe that as much as this is going to each and everyone's daily routine, we'll always find a way to survive. It has happened in the past.
For this time, I won't be surprised when people start having multiple sources of income just to make sure they are above the situation. People will venture into a lot of things in order to make ends meet which is absolutely normal

[SaiyanSS3]

>>https://bitcointalk.org/index.php?topic=5329525.msg56754269#msg56754269
>Not just hat prices went up but they simply cant be bought
The impact is mainly human behaviour, every human spend mindlessly when they’ve no worry, and they shun spending on bad time.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755062#msg56755062
>but gambling is not an inflation solver,
Without gamblers, the market would have long in constant, every man has to risk their life to make change. The history is full of people who don’t want to take risk and driving market unstable.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755300#msg56755300
>But we do often
forget everything that happened in the past, therefore many people do not realize that a lot of history is repeating itself in human life.
the history is full of people who love to live a constant life, when they have to face harsh reality, they freak out and shake the market

>>https://bitcointalk.org/index.php?topic=5329525.msg56755388#msg56755388
>our money to invest/trade on stocks, cryptos, bonds and any market that can increase the value
that’s a zero sum quick fix, not all of them would work indefinitely through.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755460#msg56755460
>usually stocks, bonds and money market are the option to protect the value of your money now we have cryptocurrency market as one of the best option
whether they’re best option, it doesn’t really make more money until you withdraw into cash, you have just number on the paper, plus it’s also coupled with history, the market is good for now, everybody indulge with the good feeling and good profit, it might not be the same in future.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755577#msg56755577
>the rate of the cycle between each wave is shorter and so is the reason we are experiencing multiple recessions in our life time.
I doubt the history is not time constrained, wave is getting shorter, it is the human behaviour getting very paranoid with the next hardship, and rushing to be the top of the race, it’s a competition to be the first.

>>https://bitcointalk.org/index.php?topic=5329525.msg56759292#msg56759292
>those who had much more savings and be using them to start again. However, most of us were totally devastated
may be try gambling to make a change is the only way out?

>>https://bitcointalk.org/index.php?topic=5329525.msg56759684#msg56759684
>never learn from the past and those who cannot learn from history are doomed to repeat it,
it is baffling human might be getting smarter, not only they know it would repeat, they even come up with trick to make this crisis even more damaging, the next crisis might be more severe because smarter human continue to take full advantage of the next coming history cycle.

>>https://bitcointalk.org/index.php?topic=5329525.msg56761198#msg56761198
>people start having multiple sources of income
why not farm your own produces? Build your own house? Create your own gadget? Instead of just buy them from market?

[lienfaye]

For every bad beat in the economy, politics will always have a role to play. I'm not even surprised anymore that we're experiencing this again.

Its really unfortunate that we've been going through the same situation that also happened in the past. History can really repeat itself if the people in the position who supposed to solve the current problem about inflation are addressing the issue with a working solution.

The poor are the most affected by this problem. You're already poor yet the goods and services are making it harder for everyone to live their everyday lives. Lockdown prohibited people to work but the government financial assistance and relief goods are not enough to sustain everyone's needs. Its really a hard situation for people who cant feed themselves if they dont work.

[Golftech]

Yes I believe that history repeat itself, based on my observation.  It happen in a way we do not expect, the inflation and deflation you can almost feel, specially now in time of pandemic, our stock is decreasing and our economy is also failing, our business industry is affected, so is the people.

Investment are being affected and that's the big factors, most of the stocks and businesses are falling

so with the people, without investment to flow, the economy will suffer a lot.

Our government did whatever they can to helped our country men but then there still this people who are greedy of money who only think of themselves. May God who is the source of wisdom help us solved the problem.

Faith and other forms of belief are the only way for suffering people to entrust their fate, those greeds

are  still existing even this pandemic are really beating every nations economy.