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Author Topic: Upcoming deflation are You prepared?  (Read 185 times)
cryptoboss2020 (OP)
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May 04, 2021, 09:17:07 AM
Merited by LFC_Bitcoin (6)
 #1

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.

Question is are you prepared?
Have you saved money?  If not now its time for do that.
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May 04, 2021, 09:30:26 AM
Merited by LFC_Bitcoin (2)
 #2

If deflation happens, that means that the value of currency is going to go down which means that it has less power for purchasing. You are right that we have to save and I implore that you should invest in bitcoin or other cryptocurrency so you can curtail the economic damage of inflation or deflation.
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May 04, 2021, 09:47:43 AM
 #3

If deflation happens, that means that the value of currency is going to go down which means that it has less power for purchasing. You are right that we have to save and I implore that you should invest in bitcoin or other cryptocurrency so you can curtail the economic damage of inflation or deflation.

Deflatsion means less money.
Deflation comes of unemployement economic down times, inflation are before the deflation then the bubble and then the deflation.
In deflation you need money.
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May 04, 2021, 12:09:59 PM
 #4

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.

Question is are you prepared?
Have you saved money?  If not now its time for do that.

I don't think I am really prepared yet. My plan is to keep saving more money in crypto currencies in the next few weeks, on top of that I am stocking up on food and other things in my basement if it gets really bad. The crash is definitely coming.
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May 04, 2021, 12:24:42 PM
 #5

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.

Question is are you prepared?
Have you saved money?  If not now its time for do that.

I don't think I am really prepared yet. My plan is to keep saving more money in crypto currencies in the next few weeks, on top of that I am stocking up on food and other things in my basement if it gets really bad. The crash is definitely coming.


How the government Will maintance situation Under the Control like in crisis many people Will Go attack shops or others just to get food.
I guess before that the military will be everywhere Every corner Every street to keep law and order.
I guess military been prepared for this all Ready.
I Hope they keep law and order times like this safety is must!!
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May 04, 2021, 02:41:14 PM
 #6

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.
Deflation then you say down time? if it's about being down, then it's not deflation but inflation. You should correct that.

Question is are you prepared?
Have you saved money?  If not now its time for do that.
I didn't saved a lot and it's on bitcoin. I'm prepared for more deflation coming from bitcoin which shall be getting new ATHs.



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May 04, 2021, 02:59:05 PM
 #7

I guess by Deflation here you mean an economy shrinks or gets minus growth rate, rather the Currency Supply Deflation which is typically a feature of true cryptocurrency.
Well, as long as it does not cause harm to the people/society. I think it's better to just focus more on healthy growth of an economy which should be good/beneficial to consumers/society rather than unhealthy growth filled with bad/harmful products and services.
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May 04, 2021, 04:04:40 PM
 #8

yeah i'm prepared  Wink

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May 04, 2021, 04:08:02 PM
 #9

yeah i'm prepared  Wink

Good to hear that :l im not but ill think about it.
As people now talking about it.
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May 04, 2021, 05:01:01 PM
 #10

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.

Question is are you prepared?
Have you saved money?  If not now its time for do that.
There is no chance for the deflation because governments printed more money so its literally not possible to happen. Don't save money its not the right time to save your money just invest on something which could be anything not the fiat.









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May 04, 2021, 05:31:58 PM
 #11

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.

Question is are you prepared?
Have you saved money?  If not now its time for do that.
There is no chance for the deflation because governments printed more money so its literally not possible to happen. Don't save money its not the right time to save your money just invest on something which could be anything not the fiat.


Money is cheap Now so I Buy Money.
Once its expensive I sell it for cheap goods property and assets.
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May 04, 2021, 05:59:29 PM
 #12

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.

Question is are you prepared?
Have you saved money?  If not now its time for do that.
There is no chance for the deflation because governments printed more money so its literally not possible to happen. Don't save money its not the right time to save your money just invest on something which could be anything not the fiat.


Money is cheap Now so I Buy Money.
Once its expensive I sell it for cheap goods property and assets.
It will lose its value further so why you are losing your asset value by investing on wrong thing?

Money can be never considered as an investment!









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May 04, 2021, 06:06:23 PM
 #13

When the next deflation comes, I would suggest you to watch carefully all the financial data and keep your mind ready to face it. Deflation is inevitable and you have to be prepared to face it.

Keep some extra cash aside in your bank account. This is a powerful way to deal with the future deflationary period. This kind of money can be converted into cryptocurrency and can be used in the future. I am not saying that you should move all your savings into cryptocurrency but keep some spare money in your bank account.

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May 04, 2021, 07:07:16 PM
 #14

When the next deflation comes, I would suggest you to watch carefully all the financial data and keep your mind ready to face it. Deflation is inevitable and you have to be prepared to face it.

Keep some extra cash aside in your bank account. This is a powerful way to deal with the future deflationary period. This kind of money can be converted into cryptocurrency and can be used in the future. I am not saying that you should move all your savings into cryptocurrency but keep some spare money in your bank account.


Nice one Smiley  well said 😉
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May 04, 2021, 07:36:03 PM
 #15

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.

Question is are you prepared?
Have you saved money?  If not now its time for do that.
Well it is hard to be ready when we are already having a hard time right now,
I mean maybe not for most of us who are earning in crypto but for those who are non crypto earner.
I think some of us who are earning in crypto wouldn't have much problem about it but for those who are already struggling I hope that they could manage it.

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May 04, 2021, 07:46:03 PM
 #16

I've got a mix of gold, silver, copper, Bitcoin and domain names. I've also got some cash in sterling notes, but I think I have too much in the bank. I have no debts, and I increased my credit card limit recently. I pay that off in full every month. I think I am pretty well prepared, and I am converting my van into a mobile home suitable for full time living. I want to be able to stay in healthy parts of the country if there is some civil unrest.

Offgrid campers allow you to enjoy life and preserve your health and wealth.
Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars.
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May 04, 2021, 08:12:30 PM
 #17

I've got a mix of gold, silver, copper, Bitcoin and domain names. I've also got some cash in sterling notes, but I think I have too much in the bank. I have no debts, and I increased my credit card limit recently. I pay that off in full every month. I think I am pretty well prepared, and I am converting my van into a mobile home suitable for full time living. I want to be able to stay in healthy parts of the country if there is some civil unrest.


The out of city locations are more and more demanded.
The gold and silver not help much as the shops not accepting it.
But  usdc, usdt,  dai pax and Other stable coins Will be nice to have times like this.
Also have a enough meat cans and ur own petrol electricity generator and you dont need Nothing just stay the safe location.
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May 05, 2021, 04:53:06 AM
 #18

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.
Where did you get this ? do you even know what does this mean?

Down until 2023? are you an economist ? or another Stupid loser  that cries alot from losing?

Quote
Question is are you prepared?
Have you saved money?  If not now its time for do that.
I'm always ready in such a thing because i am not like you , a Loser that has nothing to prepare .

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May 05, 2021, 05:04:44 AM
 #19

Its already happening and had been kickstarted by Covid Virus since 2020. Deflation and unemployment as a result of the virus and every corner of the world can't escape this. 2023 is possible because the economy isn't going to be built in a day that its going to come back up again. For all, we know covid will still be around even in 2023.

Upcoming deflation are you prepared?
In few months we are going to enter in total Economy Down times until 2023 AT least.
Where did you get this ? do you even know what does this mean?

Down until 2023? are you an economist ? or another Stupid loser  that cries alot from losing?

Quote
Question is are you prepared?
Have you saved money?  If not now its time for do that.
I'm always ready in such a thing because i am not like you , a Loser that has nothing to prepare .

You don't really need to be an economist here to see what is going on. You just have to look at the price of meat or bread and compare how much it cost a year ago. The main cause is money printing.



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May 07, 2021, 07:53:31 AM
 #20

I've got a mix of gold, silver, copper, Bitcoin and domain names. I've also got some cash in sterling notes, but I think I have too much in the bank. I have no debts, and I increased my credit card limit recently. I pay that off in full every month. I think I am pretty well prepared, and I am converting my van into a mobile home suitable for full time living. I want to be able to stay in healthy parts of the country if there is some civil unrest.


The out of city locations are more and more demanded.
The gold and silver not help much as the shops not accepting it.
But  usdc, usdt,  dai pax and Other stable coins Will be nice to have times like this.
Also have a enough meat cans and ur own petrol electricity generator and you dont need Nothing just stay the safe location.

Gold is not accepted in shops but gold is the most easy asset to liquidate when everything is in chaotic condition so you can buy whatever you want.

Stable coins, you are again going to give the access of your funds to someone centralized?

Still you need to go out to buy meat and the petrol unless you got container and cold storage to live for months.









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"I could either watch it
happen or be a part of it"

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