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Author Topic: Are we headed to a nowhere economic direction ?  (Read 863 times)
Iadegbola34
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May 28, 2023, 08:53:56 PM
 #81

I understand your concerns about declining interest rates and economic challenges. In my country, it's a tough time for many, with many businesses collapsing and limited investment options. In this uncertain situation, I believe it's important for one to prioritize stability and explore diversified saving options. While cryptocurrencies may offer potential, one still needs to be cautious due to market volatility.
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May 28, 2023, 09:47:33 PM
 #82

All the things that you have seen OP are just negativity, maybe you really stress in your life seeing how bad is your government system. Well, I'm glad that our country isn't bad as your country. But I will tell you that stop relying on the government strategies, they are not actually helping you. That is why we should look for an opportunity to grow our finances and become financially stable. If the banks are not reliable, then better use them to run a business or do anything that would do to make more money. We make our own economic direction, not them and not the government.

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Bitcoin2009
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May 29, 2023, 02:02:08 PM
 #83

The global economic conditions are currently in a recession so that it has an impact in almost all countries also feeling the effect, of course this is a big problem for us, to get a raise is of course very difficult and in my opinion the best thing is to find a source of income that we can do.
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May 30, 2023, 04:57:50 AM
 #84

I understand your concerns about declining interest rates and economic challenges. In my country, it's a tough time for many, with many businesses collapsing and limited investment options. In this uncertain situation, I believe it's important for one to prioritize stability and explore diversified saving options. While cryptocurrencies may offer potential, one still needs to be cautious due to market volatility.

When conditions are difficult like today the best thing for us to do is try to find many sources of income, many people complain too often so they lose ideas to be better, and in my opinion the current opportunities are very easy for us to get, cryptocurrencies are of course an alternative income and don't make it as top priority.
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May 30, 2023, 05:41:24 AM
 #85

I understand your concerns about declining interest rates and economic challenges. In my country, it's a tough time for many, with many businesses collapsing and limited investment options. In this uncertain situation, I believe it's important for one to prioritize stability and explore diversified saving options. While cryptocurrencies may offer potential, one still needs to be cautious due to market volatility.

When conditions are difficult like today the best thing for us to do is try to find many sources of income, many people complain too often so they lose ideas to be better, and in my opinion the current opportunities are very easy for us to get, cryptocurrencies are of course an alternative income and don't make it as top priority.
To get a new source of income, most importantly we must learn to understand the field of business before plunging into the business world. like the crypto world, we must be able to understand cryptocurrency and ultimately the results we get will follow as our knowledge increases. moreover, we work on crypto, it doesn't interfere with our main work, because we can set the time according to our activities. moreover, the crypto world is not affected by existing inflation
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May 31, 2023, 02:03:31 AM
 #86

Increasingly difficult economic conditions make us always have to be vigilant, the ever-increasing needs make our monthly income run out before receiving a salary, this is what makes us have to take advantage of all the potential to get additional income.


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Andrija Branislav
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May 31, 2023, 03:29:05 AM
 #87

Investing in cryptocurrencies carries a high level of risk, especially in the current market conditions that do not promise quick returns. Even if you have a steady income, finding stability and saving money is a wise move. Continue to monitor the market and share with experts to make wise decisions in facing this increasingly uncertain economic challenge.

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Sebas.tian
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May 31, 2023, 04:09:59 AM
 #88

I don't think, my country economy will be bad like your country economy because our government do everything possible within their capacity to ensure citizens don't feel bad about the current inflation that is affecting other countries citizens. Many investors in my country 80% of them are into cryptocurrency investment, because our government has created more opportunities for the people to take the advantage to support their financial growth in the country. I think, this inflation is about to leave for deflation to occur for people to start saving money, that they will use to invest in cryptocurrency and hold for the price to increase before they can sell to make a passive income.

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May 31, 2023, 04:10:14 AM
 #89

Investing in cryptocurrencies carries a high level of risk, especially in the current market conditions that do not promise quick returns. Even if you have a steady income, finding stability and saving money is a wise move. Continue to monitor the market and share with experts to make wise decisions in facing this increasingly uncertain economic challenge.
Putting all your money in the bank is not a good idea in the current economic situation, because your money will be eaten up by inflation and unlikely to grow. So investing is a very good way because your money will work and grow, not stagnate or decrease like you put it in the bank.
and in the current economic situation we are required to be smart in dealing with it, I mean smart to get extra income so that everything is fulfilled and not rely too much on salary because it will not be enough. And with this you can meet your needs, save and also invest. And investing in bitcoin is a very appropriate choice, especially for the long term, which will definitely provide a good return for you and this will also minimize risk, and make your savings as a reserve fund or sudden needs without having to disrupt your investment. And do both after your needs are met, and it's the best way to deal with the economy in any situation.

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Davian144
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May 31, 2023, 05:37:48 AM
 #90

I understand your concerns about declining interest rates and economic challenges. In my country, it's a tough time for many, with many businesses collapsing and limited investment options. In this uncertain situation, I believe it's important for one to prioritize stability and explore diversified saving options. While cryptocurrencies may offer potential, one still needs to be cautious due to market volatility.
Actually, these various savings must always be made by everyone under any circumstances, not only when facing difficult times as in the current example. But it would be much better if it could be done every time without being affected by any condition, because the savings in spending money will always be useful in everyone's life in order to be able to deal with any situation in their life. So that everyone does not have to feel difficult when economic challenges can make their business bankrupt.

When conditions are difficult like today the best thing for us to do is try to find many sources of income, many people complain too often so they lose ideas to be better, and in my opinion the current opportunities are very easy for us to get, cryptocurrencies are of course an alternative income and don't make it as top priority.
Complaining will never solve any problem, but still trying your best is one way to deal with difficult situations and it is also a good idea to keep living so you don't experience difficulties in life. In terms of cryptocurrency, actually it can also be used as a main job as long as someone is able to maintain their work and existing assets on the necessary foundation, because there are also many people who are successful through cryptocurrency. Although some people still don't make cryptocurrency their main job in life.

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May 31, 2023, 10:25:40 AM
 #91

Investing in cryptocurrencies carries a high level of risk, especially in the current market conditions that do not promise quick returns. Even if you have a steady income, finding stability and saving money is a wise move. Continue to monitor the market and share with experts to make wise decisions in facing this increasingly uncertain economic challenge.
Putting all your money in the bank is not a good idea in the current economic situation, because your money will be eaten up by inflation and unlikely to grow. So investing is a very good way because your money will work and grow, not stagnate or decrease like you put it in the bank.
and in the current economic situation we are required to be smart in dealing with it, I mean smart to get extra income so that everything is fulfilled and not rely too much on salary because it will not be enough. And with this you can meet your needs, save and also invest. And investing in bitcoin is a very appropriate choice, especially for the long term, which will definitely provide a good return for you and this will also minimize risk, and make your savings as a reserve fund or sudden needs without having to disrupt your investment. And do both after your needs are met, and it's the best way to deal with the economy in any situation.
Dabbling in cryptos carries a high-stakes risk game, especially with the market's current vibe that ain't making fast cash guarantees. Even when the bread's coming in steady, securing your finances and stacking some savings is a boss move. Keep your eyes peeled on the market's pulse and tap into the wisdom of the experts to tackle this rollercoaster of economic challenges.Leaving your entire stash in the bank is a no-go in this economic climate; it's like throwing your cash into a black hole of inflation with no growth in sight. So, letting your money flex and grow through investments is a power play, rather than watching it wilt or dip if left to languish in the bank.

In these economic times, we gotta roll with the punches, be sharp, and hustle for that extra income so we can cover our bases, not just relying on the paycheck that's always playing hard to get. This way, you're not just meeting needs, you're also saving and investing. Dropping some coins into Bitcoin sounds like a legit long-term play, set to bring in the big bucks and minimize risk. It lets you keep your savings for a rainy day or sudden needs, without messing with your investments. Cover your needs first, then play the investment game. It's a top-tier strategy to weather any economic storm.

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May 31, 2023, 02:15:08 PM
 #92

All countries are experiencing an economic crisis and we as the use of crypto also feel this because the value of bitcoin does not increase, but for those of us who have invested of course this is not a big problem because now there are signs that the increase in bitcoin prices will occur for the next few months, so at this time we still have to be patient because all need a process to achieve its glory in the future, .aka with our current income all must be managed properly so that we can face the current economic turmoil so that our investment can benefit.

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May 31, 2023, 05:22:52 PM
 #93

All the things that you have seen OP are just negativity, maybe you really stress in your life seeing how bad is your government system. Well, I'm glad that our country isn't bad as your country. But I will tell you that stop relying on the government strategies, they are not actually helping you. That is why we should look for an opportunity to grow our finances and become financially stable. If the banks are not reliable, then better use them to run a business or do anything that would do to make more money. We make our own economic direction, not them and not the government.
Not many countries are able to provide social security for the population, even if there are good social programs, then you should think about relying only on yourself in any situation. Negative feedback about the government is a common occurrence, people always want to get more than they have, but not all economies are capable of this.

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June 01, 2023, 04:28:42 AM
 #94

The current economic situation is weakening because many companies are reducing the quantity of production and of course reducing the number of workers, my country is also experiencing the impact of a weakening economy, it is very difficult to find work and the best solution is to do business and of course you need capital to be able to do business.

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June 01, 2023, 07:41:37 AM
 #95

I don't really know the situation in my country for sure. But in the country where I work, the economic situation is slowly improving. All sectors began to show fairly good growth. But the number of people looking for work is much more than the number of job vacancies in a company. The point is there are still many people who do not have a steady income. It's just that I'm quite impressed with the people here. because when they are not accepted to work in a company, they make their own way by opening an independent business. It's just that this makes competition in the market even higher. So I can say that there are too many traders while consumers have not experienced an increase.

And even now it seems that more people are implementing frugal living. They have adapted from the economic crisis that had occurred. thus they currently chose to have their own preparations. I personally am lucky enough to have a job where I don't worry about income. but I also still choose to have various types of side jobs to supplement the income that I can save and partially invest.

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bluebit25
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June 01, 2023, 12:50:35 PM
 #96

In terms of investing in cryptocurrencies, these virtual currencies are highly liquid and have the potential to increase in value, however, also carry a high risk of risk. Therefore, it is necessary to clarify the research on the cryptocurrency market and devise a prudent investment plan. In the context of economic difficulties, it is necessary to save and manage finances wisely. You can consult financial experts or investors to find a way to manage your finances more effectively.

The economic situation of each country and territory may vary. Right now, however, the recession is happening globally and affecting many countries, not just your own. Economic stimulus measures through fiscal policy, such as lowering interest rates, pumping money, and supporting businesses and individuals, are common solutions by many governments. However, their effects may not be effective in all cases. Investing in savings or real estate are traditional options for financial investments. However, as you mentioned, these areas are also facing many difficulties and uncertainties.









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June 01, 2023, 06:19:32 PM
 #97

All countries are experiencing an economic crisis and we as the use of crypto also feel this because the value of bitcoin does not increase, but for those of us who have invested of course this is not a big problem because now there are signs that the increase in bitcoin prices will occur for the next few months, so at this time we still have to be patient because all need a process to achieve its glory in the future, .aka with our current income all must be managed properly so that we can face the current economic turmoil so that our investment can benefit.
I do agree that it is going to happen soon, but unfortunately not that many people are expecting or waiting for that to happen at this moment, they should, but they are not. I know that it is going to cause a lot of trouble for too many people eventually but that doesn't mean that we need to make a big difference in the end, we just need to accept the fact that it is going to end up with a trouble eventually if people do not wait and start selling.

Too many people expect it to be a bit different and that's why we may not go up the way we suppose to. I do believe that we will go up, but we need people to realize inflation and horrible economy is coming soon again so they should stop selling their bitcoin, if we can convince them, then we will see new ATH for sure.

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June 01, 2023, 06:24:39 PM
 #98

Well every nation is developing their economy with their own powers, plans and management that execute it. It’s not a simple job either considering you have to move entire national wealth in positive side of Break even point. I some cases having global power is enough to drive them in positive side. Take an example of USA. They are in billions to trillion in debts since few years now and yet the nations GDP is one of the highest around the world. Why so? Because they are mega power and the money that is invested in them always over balances the debts on live scale, virtually.

However, there are still many nations who has managed to grow to new levels with worst challenges you could ever imagine.
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June 01, 2023, 06:31:03 PM
 #99

I don't think, my country economy will be bad like your country economy because our government do everything possible within their capacity to ensure citizens don't feel bad about the current inflation that is affecting other countries citizens. Many investors in my country 80% of them are into cryptocurrency investment, because our government has created more opportunities for the people to take the advantage to support their financial growth in the country. I think, this inflation is about to leave for deflation to occur for people to start saving money, that they will use to invest in cryptocurrency and hold for the price to increase before they can sell to make a passive income.
What country is that? You and others are probably lucky to have a government that actually cares for their people, especially the ones on the lower side of the economy who don't earn much to fight the increasing inflation and face a lot of problems when there is an economic crisis within the country, governments barely care about such people or try their best to fight the inflation.

And when it comes to investments in Bitcoin or cryptocurrencies, not a lot of governments in the world are in favor of their people investing their money into them as that will indirectly mean they are losing the power to have financial control over their people.

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June 02, 2023, 01:38:49 PM
 #100

The current economic situation is weakening because many companies are reducing the quantity of production and of course reducing the number of workers, my country is also experiencing the impact of a weakening economy, it is very difficult to find work and the best solution is to do business and of course you need capital to be able to do business.
What companies do you see now that have reduced the quantity of their production? Because I haven't seen any companies starting to reduce their production quantity at this point as long as the number of production requests is still increasing based on data from buyers of their products this year. So I want you to present a little piece of evidence that you have researched for everyone to see so that everyone knows where the weakening of the economic situation has been this year.

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