Bitcoin Forum

Covid shows us you must know When to finish.
When your business doing too good you have to sell it.

Many people who sold their assets before covid was right about.

Good example are all kind of business with debt and own rent money to landlords.
Conclusion: dont Stay on something too long know When to finish and Move on!



Lesson learned dont stay too relaxed cash out and Move on!

Many of us learnt different lessons from the pandemic, to say that the Covid taught us to know when to finish sounds too conclusive. As much as some people incurred and ran into debt during the first wave of the virus, alot of people also likewise made good investment choices and made some good money as well. I believe it is more appropriate to say that Covid brought different lessons for different people.

Not really, I mean, if there were people who were holding Bitcoin and sold it before covid, sold it at loss and if they held it till now, they would have profited so much because now Bitcoin price is almost four times! I think it's a very subjective issue about when we want to sell off our assets and what our personal profit goal is, it's true holding something for too long can have counter-effects as well!

There's one more big lesson it gave us.
Stop the YOLO.  :D
Lots of people lose their jobs and have nothing to buy for necessities, rent, or bills.
One more thing is to equip yourself with the best investment strategy and not just keeping it with banks that won't even profit anything.
I think some are still lucky they stayed with an investment like Bitcoin and Ethereum even with panic lurking because of the pandemic.

knowing when to exit a business / stock market / cryptocurrency trading / ... is as important as knowing when to enter

Covid was not something expected, so you can't really say that someone who sold it before Covid did the right job. Maybe the ones who bought such businesses have the capability to run it even during the worst times? Maybe they dragged such businesses into profits which old owners couldn't just because of their mindset? Though, this pandemic truly proved who's a friend and who's a foe. :)

not everything tanked because of COVID19 though! in fact many businesses thrived during the pandemic because of the need that increased during those times (basically anything that didn't have physical contact).
not to mention that bitcoin has been rising for 90% of the pandemic time while everything else was dumping.

Everybody should know after good times for too long they should be prepared for bad times.
Don't be greedy make your profit and Get out with Some profit.
Even small profit is good times of crisis at least you have money.

Lesson learned time to become adult by actions Not just by the age :)

it may be true that many people admit that they lost their assets too early before the pandemic. but most of them were selling bitcoin at that time. maybe because at the beginning of the pandemic the price of bitcoin fell quite drastically. and panic that feels as if you didn't expect the price of bitcoin to go up the way it does today.
This decision should be used as a lesson, cryptocurrencies other than bitcoins that may be sold too early will have little impact. but with bitcoin, it would be a shame.

The best way with btc you never sell all.
You try to wait for ATlow you like 1 btc
And you wait if Price goes up u sell Some %
If you woud bought 2020 spring  with 4k you world have now 35k just sell 5-10k of it and keep the rest of it if Price goes more up sell some  % if you need cash really

now the Corona virus has mutated so many countries are making efforts to re-lockdown but this is not the best solution in my opinion. and now the price of bitcoin tends to fall, now is the time to collect it again after we sell

Those who have invested in the virus before have made a profit but it is foolish to sell it in panic although the price of currencies decreases, the value increases over time. We have learned a lot from covid but there is no guarantee of when it will end when the price goes down it's time to hold on efforts to avoid such disasters have led to unprecedented calls for social distance, forced lockdowns and closures. Schools and businesses will try to limit COVID-19 transmission we must always avoid it.

The more here the Covid 19 virus actually mutates and I think this is beyond expectations,
In addition, with the implementation of the lockdown policy in several countries, of course it will not be easy for the community,
I hope this can end soon because life like this is certainly not easy

The lockdowns and restrictions that are happening because of Covid-19 pandemic caused a great deal of damage to businesses. Yes, it is correct that this pandemic taught us many lessons such as the timing of selling of assets. But, of course in these unprecedented times, faith in whatever we are holding to like hope for recovery, belief in God’s grace and many more are also being taught to us.

I would argue that while knowing when to sell your assets seems like a good lesson to learn there are many others that could have been even more valuable, one of those especially for businesses but that apply to people in general as well is to not indebt yourself too much because things like this happens all the time, in this case it was a pandemic but the 2007 crisis also came out of nowhere and people suffered because of it, and when that happens you do not want to hold any debt, and since we cannot possibly know when a crisis like this can happen then we need to avoid debt at all the times.

This particular lesson is common sense to be honest. Smart business owners will help their business survive no matter what while the dumb ones end up failing.

You forgot the biggest lesson of them all which is basic common sense. The reason why the virus continues to spread like crazy around the world is because most humans lacked common sense and ignored precautionary protocols.

The world would have been in a much better state if majority of the people utilised their brains effectively.

Delivery companies are the ones that skyrocketed their profits as local jobs were being promoted with them as they did not have enough drivers. Bars and restaurants will benefit now that the pandemic is starting to be curbed and people will be more willing to go out and spend bigger amounts than they did before.

This is so true. People should know when to stop too. Therefore, I think it is the best to set some price goals for ourselves. It helps us make better decisions and manage our investments much better. But if we don't care about this and the greed takes the control of us, then we may even lose everything we've.

In my opinion, it did not teach us when to finish alone, it forced us to choose to finish because there are no other choices left. It is quite unfortunate for many and it could've been one of the best year for new businesses but crazy things happen out of nowhere. Some has been long in the business already yet ended up failing to adopt to the new normal while there are some that was able to survive regardless of being a newbie. Always be thrifty, we do not know when will the economy go down hard as the happenings or the effects of COVID 19 backfires.

What assets? Make it specific, please.

If you mean crypto assets, take a look at my answer below.

Bullrun was happening in 2020-2021, while Covid19 was reported from China about 31 December 2019 for the first time.
So what does it mean? People who sold assets before Covid19 happened, cannot enjoy Bullrun. Is it the right decision? Surely not, man.

Well, I don't really understand the correlation between Covid19 and the timing to sell assets. We all know that no one knows when Covid19 will end. No guarantee to avoid Covid19 although you have got the vaccine. Also, no one can predict how far Covid19 can be mutated. From these matters, what we can learn and apply to our assets? I think what we can learn is only about "patient", not about "timing to sell".

Selling before the market downtrend can be a good practice.

But if wealth is not held in inflation protected assets like bitcoin or precious metals. There is a risk of becoming a "starving billionaire".

https://pbs.twimg.com/media/E5_037KUYAcuHxA?format=jpg&name=small

Jeff Bezos estimated net worth of $177 billion may not seem like much, if a worst case inflation scenario hits.

Finding a safe place to store and save wealth against inflation. Could be as important as timing the market.

In 2021 the question of where to safely store wealth has become very difficult to answer. There are many news stories being published about counterfeit gold bars, safety deposit boxes being confiscated, shipments of commodities being falsified. To cast doubt on traditional methods of wealth protection being safe and reliable.

In this covid-19 period, we've seen two kind of events. First one was a huge increase in price. Because there was a boom in demand and it helped the price go to the moon easier. And we've also seen a big dump after some time to even $30k. People who were prepared for this dodged this easier but I can't say the same for the rest of the investors. There have been many people who have lost their profits and even some of their capital also. This shows how much important not to be greedy is.

Yes, you are definitely right about that. And I think that some ways to avoid debts are to consolidate debts, cut unnecessary spending or avoid impulse purchases and to stay within spending limits. I think that these does not only apply to businesses but to people in general. Amidst the pandemic, I think people have realized the importance of prioritizing one’s needs over wants.

Thank you for pointing this out. May it be the common sense, or the lack of discipline and obedience, I could not agree more with you that humanity failed in stopping the spread of the virus due to disobedience to protocols and such.

and those that sell their assets are regretting because the price of cryptos are increasing during the covid.
 they are wrong with their prediction but if we are talking about real business and not crypto investing,  some business are affected with covid and they see that coming .
maybe some have sold their business early before incuring more losses but some dont because it wasnt easy if you love your business. 

Your advice sounds like someone saying..... "Make sure you pull out, before you climax... " to prevent pregnancy.  ::)   No, my friend... Covid is the most toxic thing that ever happened to our generation and the only thing it taught us.. was not to trust humankind with any kind of virus. (They will turn it into a Bio weapon and governments will use a pandemic as an excuse to infringe on your rights)

If everyone used the Covid epidemic as a "exit" plan, then commerce would collapse .... economies would fail and more people will die of hunger and starvation.  :P

The problem is that we don't know when a serious event like this pandemic will occur
This pandemic has taught everyone a lot to always prepare for the worst that will happen in the future

doing business is not easy but we must have risk management in managing it
Maintaining a business during this pandemic requires extra effort, so when we reach a certain point, doing business analysis is very important, whether to continue or sell our business

How do you know they are regretting? They sold it because they probably had to. What about those that sold their coins when the value of bitcoin was near $60k? You think they are regretting? I am pretty much sure they aren't. In fact they are laughing at those that didn't sell their coins. They sold it. Took their profit and now bought more at a cheaper price. I would have done the same if I knew the price would crash. You would do the same too.
They shouldn't do business then. That would be very stupid of them to continue just because they "love" their business. They should learn that it's better to let go sometimes.

I doubt that in times of pandemic people can stay relaxed. When the pandemic started in my city, as it may have happened in other cities in the world, the food and medicine businesses were a priority.
So any entrepreneur in my city needed to earn income in some way and they dedicated themselves to offering these items.
I also saw that fast food businesses offered their home delivery services since visits were not allowed in establishments.
One of the small businesses that grew the most was confectionery, also at the request of customers.
In short, this pandemic taught us to move and be more careful and stay at home.
We do not know when it will end because when we think that we have already reached the end, Covid19 returns as happened in Israel, which had ended the mandatory use of the mask and due to a new outbreak of Covid19, Israel demands to use them again.

I have learned so much in this Bullish-bearish run. I learned when to sell and to buy as well as how to spot the gray linings. There are several lessons that covid has taught us and it was adoption and preparations. Preparation to what would come in the future and adoption to current situation. Learning from this probably will help mankind to move forward despite any tragic events will happen in the future.

The Covid-19 pandemic has made many people aware of the meaning of cleanliness. The public is advised to apply the 3M: Wear masks, wash hands, and keep a distance. Every time we travel, we are required to wash our hands and even take a shower to be free from bacteria and viruses. People are also starting to change their habits, such as covering their mouths when they sneeze. This pandemic could be your chance to improve your diet. Food at home is much healthier than food out.

Whether thanks to covid-19 or not, every investor should be aware of this. This is really important and crucial for an investor to be honest. When one doesn't know where to stop, they start becoming very greedy. And it can cause the person to lose the profit which he/she was able to take some time ago.

But there are also people who have made wealth during the pandemic. I get the sense of your post OP and it's all about timing but there is always a season for every business and if someone sees that it's the season that won't be favorable to his business, yeah it would be time for him to consider selling or at least get some new strategies that's needed to be done for him to cope up with the upcoming season that won't be in his favor anymore.

I know that Covid-19 cases are still rolling around the world due to the prolonged effects of this outbreak. I have to admit that the consequences of being undisciplined have made us the impact of everything that made things worse during the pandemic.

Some businesses are in a hurry, rent must still be paid while our daily life must be fulfilled what must be produced better, while the business I run is bad, it can't be controlled, including in my area for 20 days I have to be confined due to government regulations that enforce it so I have no other choice but crypto money as a livelihood to stabilize his finances.

everyone will have a lesson from each other as well as the price of BTC increased before the covid epidemic became severe and those they sold before was a right action, there were also some who did not sell and they became loss , as did some investors from years ago who invested in ponzi schemes and learned their own lessons about the ponzi market . Everyone will have different situations and lessons, that's my opinion.

I really hope that people learn from this but assuming a new pandemic does not happen until a few decades in the future then the new generations are going to forget what is it like to go through a pandemic and the same is going to happen again, while it was impossible to avoid this kind of pandemic to spread all around the world it could have been limited even further as there were many people that died unnecessarily simply because they did not believed this was real and pay the ultimate price because of it.

This pandemic will definitely leave us lessons that will help us to be more wise in the near future. With crypto that comes to survive from this pandemic and is even doing great things despite of lots of businesses that failed, i hope everyone will come to realize particularly the government that bitcoin has a lot way to offer especially in this most crazy times that will be very profitable in improving the world's economy.

yes i agree with you. because this pandemic is like a tragedy which is very shocking and sudden. so we have to be really ready to face it. take advantage of the opportunity as well as when we profit because it can be our defense from the economic side

This epidemic has helped people learn a lot but there is no guarantee of when it will end many have learned and many have lost everything and failed this epidemic for bitcoin investing has helped people learn something new and through investment they have gained capital. It is a great platform in the epidemic for crypto business.

Mine was hard one to accept at a point but I just had to move on. Never sell if you believe it will recover.
BNB did some magic this bull run and I have wish I never sell any of my bnb at lost. The painful part is that what I was holding then has become what new project are using as hard cap in mini doge.
The trauma isn't something I will forget, not anytime soon and great lesson learnt.
Hold solid projects if you believe, don't sell into market panic and manipulation.

It's good that you can look at this pandemic in a positive way because after all there must be positive and negative sides,
with this pandemic indeed many people do activities at home and of course it makes them bored,
therefore not a few people are also learning new things in the midst of this pandemic

There is no positives in a fucking pandemic, there is no job and once who are working are not getting their salary on time and if you are having a loan then you are doomed and there is no way to know when everything goes back to normal, so there is no positives but the priorities you had before have changed drastically and that includes the mindset and people learned to adjust and follow order.

Many people have learned their lessons with the existence of the pandemic due to the Covid-19 situation we are experiencing right now. It is understandable that people will sell their assets or even businesses for the sake of earning money to support financial needs of yourself or even your family. But still the decision to do so, will depend on the individual if that will be for long term solution or just for the sake of fulfilling the temporary needs that is why they have tend to come into an end.

Due to COVID-19, many people know cryptocurrency. Because of the virus, everyone can't go out to work, so they understand cryptocurrency and enter the cryptocurrency market. Because you can make money at home, and because there are many altcoins issued, there are also many scammers, and many novices have been scammed, but I hope everyone can learn from the experience and hope that COVID-19 does not happen. Now that it has happened, lessons must be learned. Do your own personal hygiene.

The lessons that I've learned in this pandemic is that I live on privileges and I have to cherish every moment and that I have to be really be careful. I also learned that our government is really rotten during this pandemic, they care more about their image rather than the response to the pandemic, they care more about embezzling public funds and electing convicted criminals in the senate than care for the people.

sad to hear that , Politicians are focusing in their plans without giving more care fror the dying people .

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What I've learn from Covid is that I must Value life more , and be aware that this cause will happen letting me understand how to Keep my funds intact if the expenses is not that badly needed.

  The lesson I've learned in pandemic time that how to value life's without any condition. In pandemic time are very  hard an as I observed more people live difficulties an a lot of employees lose their job and we're worried cause No Work No Pay, that's the problem we worried more cause we need to eat three times a day an not that just we have also a family and children to be fed.

  Pandemic time is making life vulnerable specially to the lowest class people they will be problematic about their every day needs and Foods. It is good that the Government also support  their nitezins everyday in everything they need . I've learned also in pandemic on how  to cherish the family we have , and sacrifice all the hard job to gain money for the family an to sustain their needs.

I beg to differ. Did you know that the growth rate of the video conference company Zoom increased 30-fold in April, 2020, as the coronavirus pandemic forced millions to work, learn and socialise remotely? What if Mr Yuan who started the company in 2011 decided to sell it just before the pandemic?

So you see, everyone has had a fair share of their lessons learned from/during the pandemic and definitely, knowing when to finish can't and shouldn't be generalize across the board.

https://www.google.com/amp/s/www.bbc.com/news/business-52884782.amp

The same thing happened in my country, when the people needed it, there were officials who ran away from aid funds, which is ironic indeed. but at least we already know the nature of this virus, so we can anticipate it by increasing our body's immunity. I think awareness should start from ourselves for our family and for others

covid actually made me realize that there are some businesses that must be avoided during the pandemic...

my friend is a cargo entrepreneur and his income during this pandemic increased 4x than usual, this shows that business in the essential sector is very good during this pandemic.

I don't think that's true, because previously we didn't think there would be a covid outbreak. It is this panic that makes people forget what to do, and an instant way to earn money by selling some assets for necessities of life. Even though what was sold was far from profitable. But that's natural, but for now we know how to store assets properly. Save for the long term, and we must learn to predict what will happen in the future Because expectations are usually different from what we think

It will sure help some of us but not everyone, this pandemic is not even over yet and people are already doing some incomprehensible stuff, where I live we are seeing an increase on the number of people that are getting the virus and most of them are young, they stopped using the masks and did not took as many protection measures as before and despite having some vaccines available they are not taking them, which is frustrating because if those people have not learned despite the pandemic still being in place then they are never going to learn.

Covid has come unexpectedly and nobody has prepared for it. So selling those assets before covid attacks has nothing to do with it. But with the lessons we learned out from this pandemic, i think we are starting to learn from them.

However, while others are falling apart, crypto unexpectedly made it to the top. It helps us a lot to sustain our necessities while we are facing this pandemic. And the very best thing i've learned today is have your own savings. It will help us a lot not to starve and survive especially when this unexpected crisis hits the world.

Yeah sure, we should all know when to finish. But Covid bringing down the price doesn’t mean that you’re only sell your assets, the decrease in price of assets provides another opportunity. I sold a huge part of my assets when the Covid started and the market started falling. I sold some of my holdings and took a break, but later I started to view the market differently.

I started to see the crash that was caused by the Covid as an opportunity ; as we are being told, you should buy low and sell high. So I started to see it as an opportunity, since the market is down it would be a good time to buy and hold till the market is up. And that’s what I did. So when the market starts going down, it is not only a time to sell, it should as well be a time to prepare for another buy.

It is often said by fund managers and stock owners that it is more difficult to know when to sell a stock that has done well but it is past its growth than actually finding something to buy that might be interesting. However, if you are referring to bitcoin specifically without saying, I would argue there is an excellent case for having a good hodl for now. I think it is far from its full potential ... but who knows, after all and as I said, knowing that is more difficult that just buying.

The COVID for now has been just a bump, however the long term effects will certainly come to greet us, starting with an immense level of debt.

Since this pandemic, running a business in conditions like this is not easy and some have gone bankrupt too.
but not all experience the same thing because on the one hand there are some businesses that have increased during this pandemic

No one knew about the accident in advance. Hearing the news did not feel terrible at first. Just like some natural disasters, we are powerless in front of it. During the epidemic, the family had no income and no source of financial resources, but we still had to spend money on purchasing necessities, which made me miss my days at work. The blockade has had a huge impact on life and the country. I hope we can get through all this safely and through this darkness.

Despite complying with the lockdown the business is not improving it is not possible for business to rise until the economy rises. The economy is going downhill to keep everything off workplace conditions will get worse the covid man has learned a lot and is able to control everything even when it is off.

Agreed, the majority of the business's capacity works only about half of the time, so it is really half, and it is extremely difficult to travel to other places, which has a significant impact on the business. You are correct that if the economy improves, all businesses will follow, but for the time being, it is extremely difficult due to the ongoing pandemic. What I've learned since the covid is that we should save. A lot of people, including myself, have lost their jobs, and it's really difficult if you haven't saved any cents to spend on your needs. It's also very difficult to find a job, so the best thing to do is have a savings that can last 6 months or more so that you can prepare well incase of this kind of emergency.

This is somehow correct especially that we have different businesses and different investment before and during this pandemic comes.

If you think that you need to adjust and recover from all of the hardships that this pandemic brought to us, then be flexible and adapt in this kind of situation.

There are a lot of opportunities online that you must study and try, cryptocurrency is one of the hope of some people to survive and secure their future.

Why do you have to sell your business, especially when it's doing well? There are exceptions when well-performing businesses are sold but that's done for better and/or usually, the merge happens.

The businesses that had roots deeply in digital world or those who quickly implemented the new technologies, succeed during and after the Covid. Also, no one could predict the Covid and even when WHO/China was warning the society that there was a threat of serious virus, none country was taking it seriously at first. It's very hard or almost impossible to predict what will happen in your business or in your niche, what kind of competitors will arise and etc.

Covid taught me to always have an umbrella ready before it rains. Must prepare yourself and mentally to face this situation. Starting to think about working from home, you have to be good at managing finances, pressing expenses that are not important. This may be needed during this time of the epidemic.

I thought from the covid era people with businesses that only existed in brick and mortar were really hit as lock downs meant no sells and some landlords didn't care about it and demanded their rent which was a burden on the business which was at standstill, the lesson learnt was to expand to an online business which meant orders would come in 24/7 without really disrupting the business.

In a business setup not really,  some businesses are seasonal so cashing out not always the best option.

if you are smart to look at the situation then you should be able to see what business is surviving during this pandemic, then study that business and focus on it.  the tourism business has the worst impact during this pandemic and anyone who owns this type of business must be willing to close his business to reduce losses more than maintenance costs.  Be smart during this pandemic so you don't lose.

This is the reason why I don't advocate HODL entirely. It's always better to sell when you think we are on the top. Or best is to use a trailing SL when we break an ATH. My personal experience has been that opportunity lost will always come back again, those who regretted missing buying btc at 30-40k got their chance again if they preserved their capital but if they went in on a higher price, they have actually lost money actually. People shouldn't be afraid to take advantage of market movements obviously unless you have such a huge amounts of btc that withdrawing it on an exchange could pose troubles.

When i was just noob back before then i do really have that kind of fixed mindset where i do really need to hold which it isnt only on Bitcoin but also into those altcoins that i do tend to hold or bought on.
I do always have that impression that when you do hold then its guaranteed that you would make money in future years to come but thats not the case happened to me on where i did really earn some
but most of coins ive been holding is on the negative side and i did have that kind of feeling of regret when i do missed up those pumps and never came back into that level which would really
give you that regrets that you cant really easily to forgot.

why do we have to sell when our business and business is good, I think this is not wrong but you are wasting your opportunity because the business you are making is good but you are selling it, and this is not the instinct of a true businessman.
it would be better if you are getting a good business at least you set aside the profit you get to be your savings because if unwanted things happen such as a pandemic that is happening like now at least you still have financial reserves that can be used for your life and you still have a business that can be run even though currently it is still not good but at least you still have business activities that you can use to support you and your family to avoid starvation

Since the existence of this pandemic, building a business is not easy,
besides that we also have to rack our brains to think about which businesses are still profitable in the midst of current conditions,
someone who has a tourism business is certainly dizzy and difficult to survive in current conditions

Indeed the situation is not the same as before. Some businesses were able to survive but most of them had to close permanently (e.g amusement park, computer shop etc.) due to lack of customers and still not allowed to operate because of the pandemic.

If you're going to build a business during this time, think of what could be the best and still indemand despite of having a virus around. Its not easy and risky but if you're a business person its worth to try to gain something.

Never stop until you became successful. Our lives wont stop just because there's a virus. We need to think of something that can give us profit and savings.

Even here a number of businesses have closed down, and some of them have put up advertisements for sale. And in my country the government was very supportive towards businesses and had distributed compensation and initiated tax breaks. If this is happening despite the support from the government, then we can imagine what will be the case in developing nations. It has been almost one and half years, since the lockdown was first imposed. For the ordinary people, savings have run dry long time back.

No one knew? Then why were there whistleblowers that were detained in China because they warned that it was a contagious virus and that someone has to answer for the spread of the virus. I mean what can you do in that situation, you need to have money and people who provide it, need the money too but the problem is that a lot of people have their cash flow cut off.

This actually is a problem faced by majority of new investors, in the greed of exponential returns they go for highly risky projects which claim great returns but once they get their funding, the project and work is stopped immediately, petty investors lose a lot of money in this, secondly most of the people started Cryptos during the bull runs which means they had brought most of the crypto at higher prices and then cried and even sold most of them during a bear run and brought again during a bull run. This Phenomenon has led to most loses or negative returns among new investors despite HODLing.

people dont know when covid come. people dont know what happen in future, and learn something new after that. user always stay calm after bieng hit by many accident. never make them faded, but make them strong. as time go by, learning make profit grow.
and in real life, is too hard to cut the connection you have before. because, leader will always think about worker who support him in any situation.

In my country, Venezuela, many companies have also closed and one in which I can give my first-hand testimony. It is a car sales agency of the recognized brand Chevrolet that closed its doors in my city and all the other chain of branches are in the process of closing. Automotive agencies since before the pandemic were already showing difficulties to operate in the country. It is not surprising that the pandemic accelerated this process due to the negative effects on their economies that they could receive.

As well as this case there have been more in my city for which unemployed people have been in the task of starting a business on their own. As happened to a relative who sells clothing from his home in order to generate new income.

Fortunately, social networks are helping small entrepreneurs by allowing them to create advertising and get their products to the consumer, one of the most popular are WhatsApp and Facebook.

Yes, in recent days the online/social media platforms are helping small entrepreneurs survive. In few countries governments were functioning very fast to meet the need of common people. At the hard times the government is supposed to help the people, but in some countries even in this situation corruption is on the top. In each and everything purchased to overcome the Pandemic there is corruption. Anyhow right now to survive we need to do and earn from all possible ways without thinking of anything like a white collared jobs.

Sad to hear about the economic condition. But at the same time, it is encouraging that young people are coming up with their own initiatives. Just one doubt here. I know that it is almost impossible to accept the national currency (Venezuelan Bolívar) since it devalues almost every day. So how do your relative conducts his business? Does he accept US Dollar or Bitcoin? If he does so, isn't that illegal as per the laws? I heard that every now and then the cops will raid businesses and individuals and seize the US Dollar banknotes from them.

I have learned many lessons from this covid pandemic, first I am required to always maintain cleanliness.
Secondly, I am required to be more efficient and creative for the sake of survival, especially in our country with the Covid emergency. increased restrictions on outside activities complicate the economy, I am lucky to know crypto even though it is a little but can prolong the life of me and my family

There is no certainty as to when covid will end but we have learned a lot how people are overcoming economic catastrophe. Many people have lost their jobs and are starving for lack of money. It also creates an opportunity to spread the virus among others sneezing or any close contact this is why there is concern about hand washing wearing masks, and adhering to social distance. And like the cold and flu coronaviruses are transmitted by germs that can live for hours on an unhealthy surface.

Lots of people had a hard time deciding on what to sacrifice during this pandemic. It's either they sell their assets or continue risking so they could sustain their family's necessities. We're really bless because we have something to rely on during the hardest days caused by the pandemic. Instead of complaining about the volatility of the market, I think it would be better to appreciate the existence of cryptocurrency this time.

The existence of the cryptocurrency is a lifeline for us from this epidemic, it has made us obtain the necessary money to meet the needs of our family by being in our homes without exposure to people with covid-19. This epidemic has given us many lessons, including that blockchain technology will be the technology of the future and that investing in digital currencies will have more value than it was before the epidemic and may be officially adopted by governments.