Quote from: Yogee on February 06, 2024, 09:50:09 PM

Quote from: alastantiger on February 06, 2024, 04:33:47 PM

[....] Despite these challenges, do you think there are still opportunities during economic downturns?

I guess another thing that's not usually discussed is that economic downturns also eliminate your competition if you decide to stick it out. It's an opportunity to expand your business buying more assets and maybe enjoy some tax breaks. You'll be in a good position once the market rebounds.

Do you know how long it will take for rebounds or will it last longer and drain you totally. Any opportunity you see without competition, you should be skeptical about it .

Quote from: WillyAp on Today at 11:17:44 PM

Opportunities there are plentiful, you just need financing for some feasible projects.
Look how Elon does it, he calls you and in 3 days he has 25 billion $ from some companies who know his ways.

In the instance of Elon, it is not all about the money. Idea and smartness. There are people who has the money and not know how to multiply it.

Quote from: Poker Player on Today at 03:58:22 AM

As a general rule, economic downturns are fabulous opportunities to buy on the cheap. I know people who struck gold in the 2007 crisis by buying Real Estate at bargain prices. If stocks and shares are your thing, you can take advantage to buy cheap when there is a downturn. Or buy Bitcoin, the recent inflation crisis coincided with a drop in price to $17K. When there is panic in the streets and everyone is selling it is an opportunity to buy.

Those who bought during the economic downturn are not always confident because they cannot guess the future. Which means they always sell back with little profit. Anyone who bought bitcoin at 15k will likely sell at 20k especially when there is much FUD.