Quote from: erep on November 13, 2022, 09:08:13 PM

Quote from: South Park on November 13, 2022, 08:26:17 PM

It is possible to make money during a recession however for that you need to have money already saved, most likely what he means by that is that during a recession even good assets go down in value together with the bad assets, this means that you can buy them for a huge discount and then simply wait for the market to eventually recover, this is something we are seeing in this market already in which the price of bitcoin is down and the smart investors are taking advantage of it in order to buy all the bitcoin they can.

We need to have other savings to buy the coin price which is much lower and I recently added another asset to increase BTC in the portfolio, so it is another effort that we can use to prevent recession in financial management. We have gone through difficult economic times after the pandemic and now is the time to recover the economy in terms of crypto investing but we have to consider the risks before you decide to get involved in crypto investing.

someone just gave me an advice to have at least three salaries in your account so that you dont need to beg for the next pay cheques
I keep a strict check that I have enough back up so that I dont need to ask for any money - that is the best thing I have practiced in my life.