Are we headed to a nowhere economic direction ?

[uneng]

The currently scenario consists in total lack of trust between investors and common citizens towards the government and the political environment as a whole. No one trusts anyone anymore... What people say during the daylight, they don't maintain at nighttime, if you understand what I mean...

There are big companies going bankrupt, there are investors losing money, but there are also influent people making huge money during the crisis, especially the ones connected with the government, as it has always been.

When we face situations like that, we reach the conclusion the centralized parties and organizations have failed! What we have left is the decentralized promise of a currency or asset which has the potential to protect us, common citizens, from our patrimony's devaluation and from our own governments which claim to be protecting us.

The title of this thread is totally accurate: we are headed to a nowhere direction since a long ago, but I still believe Bitcoin can head us to somewhere, after all... That is what I expect.

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[Darker45]

If you have a stable source of income and could even manage to set aside some for savings, you are better off than many others. I guess your challenge is how to manage your savings well, what to do with it. Will you keep it in the banks and continue to lose value? Will you invest it? Where?

In my country, the 2022 data say that more people are feeling poor. The numbers are rather high, more than 50% in many regions. So I assume the situation is getting worse. I myself feel it, too. Even as basic a spice as onion; it's getting too expensive.

[michellee]

If you have a stable source of income and could even manage to set aside some for savings, you are better off than many others. I guess your challenge is how to manage your savings well, what to do with it. Will you keep it in the banks and continue to lose value? Will you invest it? Where?

In my country, the 2022 data say that more people are feeling poor. The numbers are rather high, more than 50% in many regions. So I assume the situation is getting worse. I myself feel it, too. Even as basic a spice as onion; it's getting too expensive.

Instead of keeping it in the bank, it is better for him to invest his money in bitcoins so he can get better returns instead of keeping it in the bank. But even if he doesn't invest in Bitcoin, he has to manage his money well so it isn't used for meaningless things.

I think the situation in our country will be different and we will try to manage the money we get so that we can save some money for the future. And even though we find it difficult, we still have to have a savings account in case of an urgent situation.

I also feel the same way as them, but I'm trying to save a few dollars in Bitcoin and savings even though I know it won't give much interest, I can withdraw the money for urgent needs instead of selling my Bitcoins first.

[Reid]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Yeah, almost the same. But if I have money I will still invest in real estate, it's an investment that never spoil and here in our place you could just let people rent it out and help you pay less for your monthly mortgage.
Don't look for a quick rich investment in cryptocurrencies, most of the time it ends in doom. Just buy Bitcoin and store it for a year or two. If an opportunity arrives then sell it if you like too but do not expect too much in a rush and the same goes with any other investments.
You have a job, keep it, make money, don't spoil your kids, and buy what is only necessary. I know the lifestyle of the people today and they easily get jealous in just a Facebook post from a friend who went to fine dining place. Cook at your home, it's safer and cheaper.

[jacafbiz]

I don't know if there is an agenda from all these Governments all over the world to make and keep people poor. All this stupid inflation forced on people should not have been, there are countries in Europe that should have remained neutral about this whole war issue but decided to keep punishing their citizens for no reason, just look at the energy inflation in Europe, it is just crazy, the standard of living keeps dropping per day, the rich keep getting richer and the poor keep getting poorer

[bitgolden]

You've done a great job of keeping your money in crypto because if we deposit money in the bank, we get nothing but paying fees every month. And the value of our money will not be able to increase but decrease until finally, our money in the bank runs out if we don't save every month, but that also doesn't guarantee that we can get good interest because of those costs.

The economic situation in my country seems to be stable and under control even though there has been a slight increase in basic goods, but so far, it's still good. We hope the government can solve every problem, but we cannot rely too much on the government. For this reason, we must prepare for our future by investing in bitcoin. And I think that step is right for those of us who have invested a certain amount of money each month to prepare for our future.

My bank doesn't charge me anything to keep my money in the bank, that's free, but they are not giving me a good return for doing that neither, even when I put it on my savings account, the return is like one third of the inflation number so it's not a good return at all, it's a terrible one. Which means that when my money is in bitcoin I am making a lot more money and I will go towards that direction a lot more.

I understand that we can't really do much about the current situation, but that doesn't mean that we need to have a situation where it will make due anyway we can. I understand that we can't really make any profit by having any type of fiat currency, it's just not going to make me any profit, but if we can do that for a much more decent situation in the bitcoin world, we can profit.

[lizarder]

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

If I am not wrong your profile shows Singaporeans and from what I see Singapore is a country that has a higher level of income per capita compared to several other Asian countries and I excluded the Middle East region. More or less what I know your country is strong in economic terms because it has a much better source of state revenue than a neighboring country and please correct me if it's wrong.

From a series of conditions that occur for me residents in Singapore are far more independent and maybe people there still have the opportunity to invest in several existing sectors, both business, crypto and real estate. But if you mean wanting to ask the accuracy in utilizing the opportunities of the three investment models that I mentioned, maybe you should try to find the appropriate match?

• Take an opportunity in Bitcoin and do long -term storage then you will see savings that are able to maintain value.

• Gold is the second choice that is also better for you to save, because gold has the same value in maintaining investment value.

• If your country is a place for global business development with the convenience it provides, real estate is still in a good category to choose from.

Your priority scale that better understands the condition of your country and from various media that I often read Singapore is a country that is quite advanced in the fields of technology, business and industry, so that the accuracy in implementing investment strategies in certain fields of you itself who better understand. More or less that your country is described in several media and many people in my country want to continue the business there and so far you are more familiar with the conditions.

[TheGreatPython]

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

I don't really think you knows the purpose of your investment, how do you think and see cryptocurrency investment or do you take it to be a ponzi scheme or quick get rich scheme where you invest some certain amount and get back some folds?

As I usually say to any around me cryptocurrency investment doesn't require impatient people or investors, you must know the kind of invest you wants to venture into be it short term or long time at least they both required 5 months to 1 year patient before you could start witnessing the bull trend otherwise investing today and expecting to start seeing the bull sign is a very wrong mentality, so change your perspectives towards cryptocurrency investment and exercise patient.

Well, he didn't say anything bad about Bitcoin or cryptocurrency investments, he simply said that he invested in cryptocurrencies and due to the current market situation, he isn't yet in profit so it's still unknown when and how much profit he might make from it, there is nothing wrong with that statement, it is a general sentiment about the market.

Cryptocurrency investments certainly require patience since you cannot just invest and start getting a profit, but it is also okay to have your thoughts and opinions about the market as we all know it moves in both directions from time to time.

[irhact]

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Globally every economy isn't as strong as they were before 2020, after the pandemic many business and economics are still struggling to recover. The situation in my country is worst, business are shutting down and people are losing their joy too. Things are getting worst but cryptocurency has been our savior as it's giving a source of income to many people including myself.

We're still in a cryptocurency bear market so don't expect much to happen until the year ends, next year might be when we'll start seeing increase from the price of Bitcoin as it'll be increasing due to fomo and hype of Bitcoin halving then next two years, the main bull starts.

[Adbitco]

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

I don't really think you knows the purpose of your investment, how do you think and see cryptocurrency investment or do you take it to be a ponzi scheme or quick get rich scheme where you invest some certain amount and get back some folds?

As I usually say to any around me cryptocurrency investment doesn't require impatient people or investors, you must know the kind of invest you wants to venture into be it short term or long time at least they both required 5 months to 1 year patient before you could start witnessing the bull trend otherwise investing today and expecting to start seeing the bull sign is a very wrong mentality, so change your perspectives towards cryptocurrency investment and exercise patient.

Well, he didn't say anything bad about Bitcoin or cryptocurrency investments, he simply said that he invested in cryptocurrencies and due to the current market situation, he isn't yet in profit so it's still unknown when and how much profit he might make from it, there is nothing wrong with that statement, it is a general sentiment about the market.

Cryptocurrency investments certainly require patience since you cannot just invest and start getting a profit, but it is also okay to have your thoughts and opinions about the market as we all know it moves in both directions from time to time.

Normally we don't just invest nd start seeing profits, that's why as an investor you must have it in mind that it's seasonal whereby if buying at dip we must hold till whenever the bear elapsed then we may think of seeing bull, that is when to merry whatever they have added to cryptocurrency investment to at least have some profits. However, after bear sometimes we don't see some coin active anymore doing well as it was maybe if the team feels like to revive the project then before there would be a positive move on the project this solely depends if the team members are genuine.

[DrBeer]

As we know history and economy have spiral and wave development. Spiral - this is a spiral upward to a new level (globally), and within one turn - a wave-like fluctuation - from drawdown to growth.
Now we are just witnessing another cycle of decline, the end of which, as expected, will be growth, and most likely even new opportunities. This is due to several factors:
- withdrawal from the market of "weak players" and the release of many niches for players more adaptable to the situation.
- the emergence of new technologies that are born during global crises that bring the economy and the whole world to a new level of development.
On the one hand, today's time is very difficult, but I'm sure there will be a lot of interesting things ahead - from changes in the world economy and technologies, to a very noticeable change in the geopolitical "layout of the cards." We live in interesting times

[Kakmakr]

Yes, people are really getting it from all sides and not a lot of people seem to have disposable cash to invest in anything. 

In my country, inflation are causing rapid increases in the cost of living and interest on debt are being increased by the government. The electricity and utility bills are also much higher and interest on fixed Banks deposits are less than inflation.

The Bitcoin price might be low now, but we have seen previous events where there were a strong recovery and that left some room for making small profits. (Example : Buy Bitcoin at $26k and selling it at $30k = +/- $4k Profit per coin)   

[xSkylarx]

In our country, inflation and prices go up, hitting us hard. Electricity and water bills have gone up almost 100%, as have the prices of foods and basic needs. They are going up day by day, and workers right now are asking the government to raise the minimum wage so that they can afford to buy those needs as the prices are always going up but their salary is the same. People also right now here in our country, instead of going to farms, are going to cities to get employed because fertilizers are expensive, and there are only a few businesses right now that are still standing as others are going bankrupt.

[smile1218]

It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.

[maydna]

Yes, people are really getting it from all sides and not a lot of people seem to have disposable cash to invest in anything. 

In my country, inflation are causing rapid increases in the cost of living and interest on debt are being increased by the government. The electricity and utility bills are also much higher and interest on fixed Banks deposits are less than inflation.

The Bitcoin price might be low now, but we have seen previous events where there were a strong recovery and that left some room for making small profits. (Example : Buy Bitcoin at $26k and selling it at $30k = +/- $4k Profit per coin)   

Don't feel sad if you buy Bitcoin at a high price because the Bitcoin price will increase again.

And it is true that in some countries, inflation is already causing the cost of living to rise, and many people are struggling to survive. But that's what happened, and we can't stand still hoping for help from the government because I'm sure that we can get through it and keep trying to survive. Everything must pass, and remember that the future will be better than now. And we can share this experience with our children and grandchildren later so they can survive if the situation in their time is difficult.

[DanWalker]

If you have a stable source of income and could even manage to set aside some for savings, you are better off than many others. I guess your challenge is how to manage your savings well, what to do with it. Will you keep it in the banks and continue to lose value? Will you invest it? Where?

In my country, the 2022 data say that more people are feeling poor. The numbers are rather high, more than 50% in many regions. So I assume the situation is getting worse. I myself feel it, too. Even as basic a spice as onion; it's getting too expensive.

Instead of keeping it in the bank, it is better for him to invest his money in bitcoins so he can get better returns instead of keeping it in the bank. But even if he doesn't invest in Bitcoin, he has to manage his money well so it isn't used for meaningless things.

I think the situation in our country will be different and we will try to manage the money we get so that we can save some money for the future. And even though we find it difficult, we still have to have a savings account in case of an urgent situation.

I also feel the same way as them, but I'm trying to save a few dollars in Bitcoin and savings even though I know it won't give much interest, I can withdraw the money for urgent needs instead of selling my Bitcoins first.

But is it really a perfect solution when we put all the money in bitcoin? Bitcoin is still a risky asset, don't forget high return comes with high risk, and don't tell me bitcoin has low risk and high return.

If I were OP, I would just put a portion of the money in bitcoin, and that would be money I wouldn't use for a long time. The rest I will buy gold because gold is stable and does not depreciate due to inflation and is also easy to convert to fiat if I need the money to use it. If we do not want to invest, then buy any asset with stable value, we should limit depositing money in the bank because inflation will eat away our money.

[AmoreJaz]

It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.

and that means, we should not waste time thinking about this matter as it won't do any good in our personal lives. so better look for alternative jobs or additional jobs that can possibly help us in our financial needs.
we can't trust the government to help us in surviving the crisis. we should take care of ourselves and find a way how to keep up with the rising cost of living.

[Texac]

It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.

and that means, we should not waste time thinking about this matter as it won't do any good in our personal lives. so better look for alternative jobs or additional jobs that can possibly help us in our financial needs.
we can't trust the government to help us in surviving the crisis. we should take care of ourselves and find a way how to keep up with the rising cost of living.

this is not the first time the economy has suffered from inflation, inflation is a part of the economy and it has a cycle.  therefore, economic recovery is certain but inflation will soon return in the future.  i agree with you, we shouldn't waste time researching and coming up with solutions because it's the government's duty, we alone won't do anything or come up with any good idea. Instead, finding a way to save ourselves from inflation is what we should do above all.

[Silberman]

this is not the first time the economy has suffered from inflation, inflation is a part of the economy and it has a cycle.  therefore, economic recovery is certain but inflation will soon return in the future.  i agree with you, we shouldn't waste time researching and coming up with solutions because it's the government's duty, we alone won't do anything or come up with any good idea. Instead, finding a way to save ourselves from inflation is what we should do above all.

And unfortunately something as simple as this is beyond the capabilities of most people, they take a very passive stance and they simply hope that the government is going to fix everything, and maybe they will find a way to avert the upcoming crisis, but even if they do most people would have suffered tremendously during that period, so we cannot give up the responsibility to look after ourselves and protect our assets to the best of our abilities.

[Synchronice]

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Do you think that price is going to fall down? If yes, then you can still profit via Margin trading if you short sell Bitcoin or other coins.

Real estate is collapsing and even the rich people have no options to invest.

If someone can think of an investment plan in the middle of a recession, it means that he is able to maintain a stable financial condition, while in the midst of a "collapse" the real estate business is a good investment opportunity to start in that sector. Why "no choice"? Unless you state where you're from, some countries are simply not suitable for real estate business in various global economic situations.

He probably says that real estate prices are so increasing that even rich people can't afford them. I don't think that real estate is a good option when its price is gone too far where a lot of people can't afford it. Market crash happens and real estate market will crash too, it won't grow forever.