Quote from: Mr.sprin on October 01, 2024, 08:35:06 AM

Quote from: YUriy1991 on September 30, 2024, 06:09:25 AM

For this I agree more, Although it is only seen as a prediction and is strongly believed to happen, our task now is what independent efforts we have prepared when it happens at any time whether investing in btc or other investment instruments.

As I recall, we have gone through many economic recessions with quite bad levels and impacts, but life continues as usual, the only difference is that the number of items when we shop is considered no longer the same as before. Finally, whatever happens in the future, everything has a process.

Yes, I agree, bro, even though it's not certain to happen, sometimes we prepare ourselves just in case one day this actually happens in our lives, we already have provisions that we have prepared well in advance, predictions are not yet 100 % percent we can believe it, but we have to prepare ourselves for all of this, at least we have minimal provision for ourselves and our families, nowadays there is no longer any meaning in money when we shop at the market, with just 100 thousand, it's not much of anything we can buy. get really very far from the past years that money is very valuable when we shop at the market.

Indeed, Anticipating economic uncertainty when we feel how inflation and currency depreciation reduce our purchasing power is an important step. Thus, the price on the basic necessities is still increasing and the money we have today is worth less than it was a few years ago. Money save for rainy days,stocks and other forms of security it’s very important that we need to prepare that money to help us in future. Despite the fact that claims and estimations of the economies and markets are not always accurate, nevertheless we have to design a competent approach to all eventualities. Cooking such provisions for yourself and your family, storing them in advance as a part of an emergency stock, is quite beneficial to achieve a rather stable financial position in the future.

We also have to diversify assets which are very important in preparing for change in economic status of an asset. Hence, oil we use right investments to safeguard our wealth from the depredation of currency such as crypto, gold or property. Many types of investment each have their own concerns but at least we have an option which is better than keeping on holding on to cash which loses its value due to inflation. It is also the need to explore the creating economic environments so that we can be more appropriate in our decision making. If proper preparation and effective management are achieved we can mitigate the risk such a fluctuating economic environment and remain financially sustainable.