Has everyone become too pesimistic about the economy?

[Silberman]

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

It's one thing to be pessimistic, but it's also another to be realistic. I enjoy thinking about things getting better eventually since that keeps me off the constant ringing of problems in my head at the very least, but this economic and global struggle we're in isn't going to end or be gone with a few papers signed and hands shaken. You have to understand that the people who involved themselves in this mess had a clear motive in mind that diplomacy in this stage of the scuffle isn't going to fix.

These goes for everything that we're dealing with right now, crypto at risk of getting banned, Russia not relenting from annexing Ukraine, China's housing bubble collapsing, among other issues, as well as other stuff. This is real, this is happening, optimism is great but if it takes your eyes off of the real situation it becomes delusion.

Exactly, I think that everyone that has felt the effects of an economy on crisis will prefer for things to fix themselves up and avoid all that turmoil, but just because we wish it does not mean that it will come to happen, so whether the crisis comes to happen or not we need to prepare ourselves, if nothing happens then our additional investments and savings will help us on the future, but if the crisis does happen then such actions will save us from suffering as much as if we did not prepare at all.

[siniminomorocomunisakito]

With the negative economic condition we are facing right now, I guess only few will still manage to look for the positive side and the rest have eventually turned pessimistic even myself. To the point of not being hopeful anymore with what our government can offer in the future. However, one thing I’m only optimistic about is my bitcoin hodling. I know it will never settle for less but always intend to give us the best and most profitable price. But sometimes we just have to stay patient and never set too much expectations especially when there are a lot of factors that could easily affect the current position of bitcoin.

it's true @Finestream. The economic upheaval is felt, especially for those who have a mediocre income. yeah one of them is investing in BTC and maintaining it for some time, so many investors in this condition turn their eyes to this space. Yes. Our small task is only to buy and hold as much as we can. Price problem let the market speak.

[Japinat]

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

I know what you supposed to mean but I don’t think in reality people will have high hopes on that. What’s important is that what we see at the moment and not that what will probably happen in the future. But I’m also open to your idea that if we can be hopeful and still see things positively, then we should stop seeing things in a negative way. That way, being optimistic will also attract positive circumstances. After all, we should live life with no regrets, and with no negative perspectives in the future. The current economy might be bad for everyone but know that there’s always possibilities for a change.

[Maslate]

Well, one thing certain is that, no matter what happens, those who believe they are find will be fine,
I am very optimistic that with or without institutional investors, the price of bitcoin will reach and even surpass 6 Digits when the time is right for it..

And one other thing I will like to mention here, sometime I've once said in time past, is that we can never arrive at a time when the economy will be friendly to everyone, this is not about being pessimistic or optimistic, it's the simple fact, we all can only learn to adapt.

Seeing our country’s economy not in its good shape is not new anymore. It’s full of negative events actually but I don’t see any real reason to be pessimistic just because of that. There are things that we can’t hold control of so just leave things as it is and don’t make it as your personal burden. Life still offers a lot of surprises so maybe thinking about that, at least we should see our future positively. Or just like what you said, if we can’t be optimistic about it, then maybe it’ll be perfect if we’ll just adapt ourselves on it.

[darewaller]

It's one thing to be pessimistic, but it's also another to be realistic. I enjoy thinking about things getting better eventually since that keeps me off the constant ringing of problems in my head at the very least, but this economic and global struggle we're in isn't going to end or be gone with a few papers signed and hands shaken. You have to understand that the people who involved themselves in this mess had a clear motive in mind that diplomacy in this stage of the scuffle isn't going to fix.

These goes for everything that we're dealing with right now, crypto at risk of getting banned, Russia not relenting from annexing Ukraine, China's housing bubble collapsing, among other issues, as well as other stuff. This is real, this is happening, optimism is great but if it takes your eyes off of the real situation it becomes delusion.

Exactly, I think that everyone that has felt the effects of an economy on crisis will prefer for things to fix themselves up and avoid all that turmoil, but just because we wish it does not mean that it will come to happen, so whether the crisis comes to happen or not we need to prepare ourselves, if nothing happens then our additional investments and savings will help us on the future, but if the crisis does happen then such actions will save us from suffering as much as if we did not prepare at all.

We can wait for the things to fix themselves if something is wrong with them but I think that can take time. We still can try if we can do something to help and if we are lucky that it works then that should speed up the recovery process. If we are not that type and we prefer to be alone then we can only help our self cope up on the situation.

It's crazy if someone will wish for a crisis to come. What will they get after? Maybe they will buy more assets at a cheaper cost but that was still a selfish act because other people or the poor are the ones that can suffer greatly. The price of the assets can still dump even without the need for a crises.

[el kaka22]

Instead of being pessimistic about it, we could just accept the way it is and try to move further instead. Yes economy sucks, but we always had rich people in every time of the world, even during second world war we had rich people in the world. It means that if we do what we should be doing then we could potentially end up with a richer life, yes the world will get worse and worse, but individually I would get better and that's what I aim at doing right now.

If I could make enough money then I would be fine. For that, in my nation, making about 2-3 thousand dollars would mean you are comfortable, making 5 means you are stepping into being rich. Yes 5 thousand per month is not little, but that's not "rich" in most west nations, in my nation it's literally wealthy.

[dothebeats]

Instead of being pessimistic about it, we could just accept the way it is and try to move further instead. Yes economy sucks, but we always had rich people in every time of the world, even during second world war we had rich people in the world. It means that if we do what we should be doing then we could potentially end up with a richer life, yes the world will get worse and worse, but individually I would get better and that's what I aim at doing right now.

If I could make enough money then I would be fine. For that, in my nation, making about 2-3 thousand dollars would mean you are comfortable, making 5 means you are stepping into being rich. Yes 5 thousand per month is not little, but that's not "rich" in most west nations, in my nation it's literally wealthy.

It's hard not to find ourselves not to be pessimistic at times, specially if it involves our hard earned money which we are hoping to use to earn more. However, I do agree with your point that we shouldn't stay in that sad bubble for too long and instead move forward. There are instances that we wouldn't be able to do anything but adapt and move on from that cause if we only continue to be sad about it then there will be no progress from us.

[DeathAngel]

I think people have lost a lot of trust in their governments. Whether it’s because of the much debated corona lockdowns, semi forced vaccination, soaring inflation etc people have lost trust. I think there is a fear amongst people that the worst will happen. Most of us lived through 2008 so we’ve been burnt before too. I am hopeful we will avoid high unemployment & subsequent recession but only with time will it be confirmed either way.

[Dimitri94]

Well, one thing certain is that, no matter what happens, those who believe they are find will be fine,
I am very optimistic that with or without institutional investors, the price of bitcoin will reach and even surpass 6 Digits when the time is right for it..

And one other thing I will like to mention here, sometime I've once said in time past, is that we can never arrive at a time when the economy will be friendly to everyone, this is not about being pessimistic or optimistic, it's the simple fact, we all can only learn to adapt.

Seeing our country’s economy not in its good shape is not new anymore. It’s full of negative events actually but I don’t see any real reason to be pessimistic just because of that. There are things that we can’t hold control of so just leave things as it is and don’t make it as your personal burden. Life still offers a lot of surprises so maybe thinking about that, at least we should see our future positively. Or just like what you said, if we can’t be optimistic about it, then maybe it’ll be perfect if we’ll just adapt ourselves on it.

Yes, we can't control the economy so it's better to let it run its own way. Negative aspects of the economy should never be associated with personal life. Whatever the economic situation comes to us that must be welcomed and taken positively. It is only when we are able to accept it as normal that we can turn its negative aspects into positive. Moreover, the economy will not always be in the same condition. When the global situation improves, the economy of various countries will also return to normal levels.

[Jatiluhung]

I think people have lost a lot of trust in their governments. Whether it’s because of the much debated corona lockdowns, semi forced vaccination, soaring inflation etc people have lost trust. I think there is a fear amongst people that the worst will happen. Most of us lived through 2008 so we’ve been burnt before too. I am hopeful we will avoid high unemployment & subsequent recession but only with time will it be confirmed either way.

If we think about the worst possibility that will happen to the economic conditions in the future, this sometimes brings fear to us to face the future. For this reason, we just have to focus more on the journey we are currently on. We must focus on the preparation we must have to face the future, of course we do not know where it will go. will there be another Pandemic, or will there be another war. or whether in the future things will get better. And we don't have to worry too much about things we haven't experienced. We just have to learn from what we have experienced before. so that we can be better and more prepared than before to face any situation that could indeed occur in the future.

Pessimists and optimists always fill our minds alternately, but the most important thing is that we must always have the motivation to keep fighting and keep going and never give up with circumstances.

[xSkylarx]

Well, one thing certain is that, no matter what happens, those who believe they are find will be fine,
I am very optimistic that with or without institutional investors, the price of bitcoin will reach and even surpass 6 Digits when the time is right for it..

And one other thing I will like to mention here, sometime I've once said in time past, is that we can never arrive at a time when the economy will be friendly to everyone, this is not about being pessimistic or optimistic, it's the simple fact, we all can only learn to adapt.

Seeing our country’s economy not in its good shape is not new anymore. It’s full of negative events actually but I don’t see any real reason to be pessimistic just because of that. There are things that we can’t hold control of so just leave things as it is and don’t make it as your personal burden. Life still offers a lot of surprises so maybe thinking about that, at least we should see our future positively. Or just like what you said, if we can’t be optimistic about it, then maybe it’ll be perfect if we’ll just adapt ourselves on it.

Yes, we can't control the economy so it's better to let it run its own way. Negative aspects of the economy should never be associated with personal life. Whatever the economic situation comes to us that must be welcomed and taken positively. It is only when we are able to accept it as normal that we can turn its negative aspects into positive. Moreover, the economy will not always be in the same condition. When the global situation improves, the economy of various countries will also return to normal levels.

Always adapt, you are right, instead of relying on the government because if we are doing this, we aren't going anywhere. That is why others are having multiple jobs instead of waiting for the support of the government. But again, we do have emotions and sometimes kind of take them negatively, but we always think that it won't help you and mostly that it will lower your motivation. That is why having a gratitude mindset is really good as we take all things positive rather than negative.

[Wimex]

It's certainly easy at times to become pessimistic about the economy and world events. However, it is important to remember that the economic and political landscape is complex and multifaceted, and there are several perspectives worth considering. Economies can experience cycles and fluctuations, but not all recessions lead to total collapses. Governments and central banks often take steps to stabilize the economy and prevent drastic declines.

But I must highlight the fact that the possibility of a regional conflict, such as the Russia-Ukraine war, turning into a European war is a legitimate concern… It could even escalate further and if that were the case the economy would certainly take an unprecedented hard hit, which would make my recommendation to hold capital in Bitcoin, gold and USDT, those three diversifications to hold on would be of great help to weather such a crisis.

[Fortify]

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

Traditionally, like many things in life, the economy works in cycles and has fairly consistently followed certain patterns throughout history. The advent of the internet and globalization may have slightly shifted how that works now, maybe resulting in shorter slumps that recover quicker but everyone can make the wrong assessments when times are good. The financial crisis took many years to build up, hidden in the background, before it created the biggest shocks to banks in history. The thing about recessions is the causes are never the same as the last ones, so they are hard to pick out and decipher where the next shock will come from. Maybe it will be triggered by an escalating war, maybe there will be an earthquake somewhere important to global supply chains - no one knows.

[Afnan_faizah]

i don't know about world economy but I am optimistic about my country's economy because my country has many resources, although it's not a guarantee. I always hope that the world economy become better so I can see many development in many sectors. I am preparing for bitcoin reach $100k, now I am trying to hold more bitcoin as much as I can as halving time is near. I hope all people in this world live in peace and prosperity.

[uswa56]

i don't know about world economy but I am optimistic about my country's economy because my country has many resources, although it's not a guarantee. I always hope that the world economy become better so I can see many development in many sectors. I am preparing for bitcoin reach $100k, now I am trying to hold more bitcoin as much as I can as halving time is near. I hope all people in this world live in peace and prosperity.

Best wishes and I also hope for the same thing, that all people in this world can live in peace without any commotion and war.
Resources in a country are enough to influence the economy of a country, but all of that will return to the management carried out by the government of that country, now it is proven that in this world there are several countries that have lots of resources but they cannot become rich countries.

Personally, I am not pessimistic about the economy ahead, especially in my own country. I see a lot of developments and sectors that have progressed and that will greatly affect per capita income, which will allow the economy to grow in my country.

[Sayeds56]

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

The prevailing state of economy is understandable and concerning for all of us, however world has learned bitter lessons from past recessions, therefore FED and central banks all over the world are doing all they can to avert risk of recession. The central banks are equipped with sufficient tools/options, such as quantitative easing (QE) and buying back securities to address many economic challenges including inflation and threat of recession.

Looking ahead, the future outlook of Bitcoin is promising, as major institutions like BlackRock are showing their interest by submitting ETF requests. Moreover,  awareness about its technology is spreading worldwide at a fast pace.

[Wind_FURY]

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

The prevailing state of economy is understandable and concerning for all of us, however world has learned bitter lessons from past recessions, therefore FED and central banks all over the world are doing all they can to avert risk of recession.

Actually, they're not. The Federal Reserve's mandate is price stability = control inflation, and although Jerome Powell has always said in his speeches that a "soft landing" is still possible, I believe he knows that he can't have both a soft landing and price stability. The economy needs a "reset", therefore a recession must happen.

The central banks are equipped with sufficient tools/options, such as quantitative easing (QE) and buying back securities to address many economic challenges including inflation and threat of recession.

The Federal Reserve, the European Central Bank, and other Central Banks in regions where inflation is high CANNOT pivot to Quantitative Easing because simply inflation is high. The Central Banks are not in control, inflation is.

Looking ahead, the future outlook of Bitcoin is promising, as major institutions like BlackRock are showing their interest by submitting ETF requests. Moreover,  awareness about its technology is spreading worldwide at a fast pace.

The only debate to buy Bitcoin at current price levels during a recessionary period is IF there's Stagflation.

[The Sceptical Chymist]

Man, OP started this thread back in June and although the stock market has had some dips there has yet to be the big crash that I've been waiting for....for years now.

As I've said before, I get mixed messages from the media and other sources about the state of the economy--and usually I pay no mind to what economists say, because they're wrong more times than they're right.  I look at what markets are doing, because they can't lie and they can be 'wrong' but not for long.  But seeing how much debt the US has and how much prices are going up, I guess I am kind of pessimistic.

And you know what would help that mind set?  The government having a plan to get us out of this shit they got us into.  But nope, they're about to shut down again temporarily.  The rest of the world might be A-OK, but the US is fuckitty-fucked.

[EarnOnVictor]

The prevailing state of economy is understandable and concerning for all of us, however world has learned bitter lessons from past recessions, therefore FED and central banks all over the world are doing all they can to avert risk of recession.

The US economy must be reset and recession is the solution? That is outrageous, I don't see a need for a good US economy to be reset, and the recession is more possible before than now. In fact, I was shocked by what you wrote, and it's as if you are not economically inclined to have said all that. The issue last year was alarming, but not anymore, and if the US didn't enter a recession then, why would they enter now, and reset what?

Inflation was the challenge, and the inflation the US battled was global, so it's never peculiar to them, and with the situation of things, it shows they are perfectly handling it as they humanly could. Except you can compare the inflation of August last year which sat at 8.2% to this year's August which was released at 3.7%. Or the Retail sales that are now doing better, or the GDP that gained 2.4% in Q2 and that economists are forecasting a further gain of about 3.5% in the third quarter? These guys handling the US's economic affairs are just great.

I simply don't see where the recession of a thing or the economic instability of the USD is coming from. Fine, they are not yet entirely out of the woods but the days of desperation and panic are certainly not now.

[STT]

The economy by itself is fine, the problem might be the burden from governments and those who are in power and able to do large amount of destructive acts like starting wars.   The various negatives from violent groups seizing power is nothing to do with economy, its the burden of people attacking others.   The destruction from government comes partly from government requiring so much debt and tax burden upon those actively working positively in an economy.  Government might arrange infrastructure spending and some suppose government is a positive but its only directing the power of those working in a capitalist economy usually, having the power to force others is not a positive by itself.   Thats the danger and growing threat I worry about, always we need a balance to these negatives in order that people who work are able to gain from doing so otherwise we might go backwards and people retreat from their honest endeavors.