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.
I think every country is still has problems as far as their economy goes, I'm from Asia and our country has so-so performance, we are still in the middle as far as GDP is concern, but we are projecting like 6% growth. But not sure if this is achievable or not.
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.
Good for you, most of us are in crypto or at least majority is in Bitcoin, so that is good enough. Just let me tell though that Bitcoin investment is a journey, and it's not a marathon. You really need to understand how the market works and how you can make it in your advantage. Right now we are in a bear market, so what we gonna do is to accumulate as much as we can, not necessarily buying 1
BTC right away. But buy as much satoshi as you can and wait for the bull market.
Most likely, the bull market will happen next year, after the Block halving. The question is, do you have what it takes to remain in the market for at least a year to realized your profits and without complaining what is going on in your country?