Quote from: Golftech on October 26, 2018, 08:33:13 AM

Quote from: andrei56 on October 25, 2018, 02:44:35 AM

Quote from: altercreed on October 18, 2018, 10:09:56 AM

Nobody really knows when a global crisis is going to strike. It seems like it's a ticking bomb that's about to explode anytime and if that's ever going to happen, cryptoeconomics can be one of the affected areas in investment because people might become less to take the risk if their financial status are already affected by crisis.

And that is precisely why you need to be ready because when it happens it is going to take everyone by surprise and only a few will see it coming similar to what happened with the crisis of 2008 where only a small minority of economist that were honest about the system could predict that a crisis was coming, we know there is another crisis coming that is going to be even bigger and it is one of the reasons for holding my bitcoin.

We must have an idea that things can happen quicker than we think of it, being always ready in this possibilities can help us to react properly, keeping
some investment and holding assets that might bring us good value just in case emergency funds will be needed, being financially stable can be done
if we invest now and continue to hold and anticipate what possibile thing can happen in the future.

This is why most people are deeply affected when an economic crisis happens, they operate under the premise that everything is always going to be fine and that a crisis is not going to appear and when it does they are completely unprepared, they are heavily indebted and they do not have any savings or investments and that is why they suffer when those events happen.