The economy and the financial and cryptographic markets work based on cycles, that is something that we all already know very well, but knowing it and really understanding it are two very different things.
Hard times precede good times
Seeing what is happening with Bitcoin this year is very devastating for many people who were believing that the main cryptocurrency on the market (the pioneer), would never go back down to price levels below $20k, but you see, it turned out that if went back down.
And although it is true that almost everyone is losing money in the market (perhaps even ourselves) we must understand that we are in lean times, that we must adjust our economy, our budget, our plans and our vision of things , until we see the fat cows again (that is, until we see the times of plenty again).
Image Source
Now, what we need to understand very well is that (when we talk about serious assets like Bitcoin) hard times precede good times, just like good times precede hard times. It is as the well-known saying goes: "After the storm will come times of calm", but this also work inversely, I mean, "After the calm will come the storm" . So the question is to be aware and stay calm when we are in the middle of hard times. Because if we are on a ship at sea, for example, and a storm surprises us, we can get nothing good if we lose our cool. In fact, From calm will come serenity to understand that we must do the best we can to improve our situation from the angle in which we are facing it.
Now this is easy? No, it isn't, it shouldn't be, and no one said it was, because if it were that easy to get rich, everyone would be rich and there would be no poor people in the world (or it would exist very few poor people). On the contrary, what we see is that, currently, barely 5% of the world's population is actually the owner of 95% of all global wealth, while the other 5% of the remaining wealth is shared by 95% of the world.
That figure is truly dramatic, but it is true, and it is understandable. How can this be happening? Well, it is happening, and we only have to understand the situation, as we understand or approach a problem; we simply recognize it, and that is the first step that will lead us towards the solution.
Now, trying to solve the problem at a global level is not our responsibility as individuals, but that of politicians and rulers, but what we can do is try to solve the problem at the level of our personal and particular realities. Because before trying to fix the situation in the world, it is wiser, easier and more effective to fix our own situation.
Of course, we will also encounter obstacles when trying to improve our economic situation, but the result will be worth it, without a doubt. Another thing that we must understand is that improving our economic situation through an effort or project will require our best work and intelligence in favor of the objectives that we project, and that in doing so, we must always try to add value to the world. Although we will not change the world with our individual actions, we will do our bit to put the world in a better direction when most people become aware of all these things we are talking about, which will happen one day, definitely.
Will global poverty ever end completely? No, it will never end, but what can be reduced is the gap between rich and poor, so that poverty levels are not as critical or as dramatic as they are today.
Cryptocurrencies Will decreases Inequalities
Well, going back to the topic of inequality in the distribution of wealth worldwide, we realize that cryptocurrencies will be the means that will allow the entire world to overcome economic inequalities in the future. How will they do it? Making wealth and knowledge of what money and wealth in themselves are within the reach of anyone, but also the understanding of how important it is that individuals have true control of their money and means of payment, instead of the governments.
In fact, thanks to cryptocurrencies, many people are already understanding, even today, that they should not depend on the government of their country to try to overcome poverty, and that if they do, they will never really achieve it. Thanks to cryptocurrencies, people are learning to be responsible for their personal economies at a level never seen before, because they are understanding that they will only have possibilities of achieving wealth when they changing their own vision of things, and being truly autonomous.
People are finally understanding that if they leave the economy and currencies entirely in the hands of governments, there will always be periods of recession, inflation, and economic problems of all kinds. Because governments are run by politicians who are supposed to be capable statesmen, but aren't, and because of this, they take economic measures based on how popular or unpopular they may be electorally; instead of focusing on what that it can truly help improve the economies of their countries, which will always be catastrophic in every way.
People are finally realizing that the good times are within reach of any individual who surpasses their vision of things, and cryptocurrencies are enabling such a change of vision to take place effectively.
With Bitcoin and cryptocurrencies, we will overcome poverty and achieve wealth, let's never forget it, because it is especially important to remember it in these "lean cows" times in which the crypto market finds itself at this moment.
What do you think about the topic discussed? Please comment.