Bitcoin Forum

COVID-19 has destroyed many small business, with the bigger businesses taking their share of the economic pie. I believe many people lost jobs, but some are doing OK.

Curious, as Bitcoiners, how did the COVID-19 pandemic affect your financial situation, and what is your outlook for 2021?

I believe in a positive outlook for 2021. The corona pandemic in 2020 is horrible with every country around the world hurting, but humans are resilient. With a vaccine for most people likely be available in the next year I think we will see growth picking up again. Many colleagues I spoke with are holding back on crucial investments for month now, but this can't happen indefinitely. I am pretty sure consumption and investments will pick up again in 2021.
I am quite interested to see this poll after 100 votes.

Financially, the pandemic didn't affect me at all. I'm a front liner (not a medical front liner)  the line of business where I'm currently working is logistics/delivery and there's no way we are suspending our operations (even at the worst situation of the pandemic) because we are the biggest distributor of the mainstream essential goods like coffee, cereals and milk in our local region. Though I can work from home, but it's inevitable not to visit the supply chain warehouse, so I still need to go out twice or thrice a week to physically check the stocks and their conditions to document a weekly and monthly reports of inventory and quality control.
So, I'm one of those few lucky people who didn't lose their jobs and main source of income.

In this dire situation, many people are learning a lot of valuable thing. One of these is the importance of essentials than luxury.
In a post apocalyptic scene, water is more expensive than diamonds. And, something to look forward to in 2021 is Diversifying my investment in Bitcoin and some for agriculture.

I don't expect many changes in the stuff related to cryptos in my life, but I am prepared for losing some income due to the pandemic (I've already lost a part of it, but it was not a big one). While I want to earn more in the upcoming year, I realize that I might lose my sources of income. I'm not worried about the minimum I need to survive because I have a backup plan and because I've been through tough times. I think it's best to prepare for the worst and hope for the best. As for Bitcoin, I'm also ready for good and bad surprises, but I don't think anything worse that $6k awaits.

Vaccine for COVID-19 will be available on 2021 so I believe it will be a positive year for my finance although I'm not that affected of this pandemic due to the nature of my work. My daily job routine doesn't change at all except for no office appearance at least once a week. There is a lot of ways to become positive amidst this pandemic. Imagine many people in Africa are suffering from poverty even before this Pandemic but still there life goes on as usual. So why not us that has a lot of resources available to sustain our daily necessities. We just need to become creative and adapt to the new normal. Just like BTC price, We can't stay always at the bottom.

My business do not have any movement and I experienced getting bankrupt so I partially closed my businesses as there is still a pandemic going on. It is really hard to deal with this kind of situation, you need to work, you need to have money to sustain your needs and this pandemic really make people's lives struggle.

I think in 2021, it will still somehow stay the same. Vaccine are not instantly proven effective because it might have a side effect within 5 to 10 years from now.

So it is not guaranteed that everything will go back to normal next year 2021.

I am pretty optimistic in this coming 2021 will be the end of the pandemic and we will surely get our normal lives back like we used to and to enjoy the life in the fullest ever before. I also believe that our world economy will recover constantly and rebuild businesses and provide employments to those people who badly affected by the pandemic especially to those who has families to support on daily basis. This pandemic will be a great teacher to us all on how to act swiftly, unite ones nation and recover as one.

I voted neutral because there's a mixture of negative and positive, yes I can still make money and not out of job but seeing some of your relatives and friends out of job and livelihood it made you feed depressed and also seeing how bad the effect of the pandemic to your city, but you have to be strong for your family,  you need to help them get through on this trying times.

OP, those are two different questions you're asking so it's hard to give an answer to this poll. 

My economic situation has definitely taken a hit because of the COVID-19 outbreak and all the businesses being shut down.  I don't want to get into specifics, but it feels like my life has taken a baseball bat to the head. 

As to the second part of the question, my outlook for next year, I'm hopeful that things will have returned to some semblance of normalcy--and I'm already seeing it happen in my city and state.  Unless the virus mutates into a much more lethal variant, I don't expect 2021 is going to be worse than 2020.  Anything can happen, of course, but I feel like I've either got to remain positive or I'll lose my mind.  This is an election year in the US, too, so I think the result of that election is going to have a huge effect on America's collective state of mind. 

Let's hope so.

I am optimistic that the outlook for the world economy in 2021 will improve. Countries exposed to Covid 19 will soon have the vaccine so that it will reduce the number of patients. The governments of each country have also prepared their respective social safety nets to secure economic conditions in their countries. In my country the government of my country has prepared a lot of social assistance to the community to maintain the purchasing power of the people and the consumption of people who are exposed to Covid-19 not only for the community but also for the business world, given assistance.

I am financially doomed by the pandemic as i am suffering from heavy financial loss and many are struggling and millions have lost their job in the past four months. The only positive aspect is that the governments around the world is trying their best to support the businesses but it will not be enough in the end and the only solution these government can do is to provide further loans and many small business owners will not be in a capacity to attain those loans.

With the way the market is struggling i am expecting a recession in the coming year which might be worst than the recession we faced in 2008.

It's happening now, but if you know how to manage the risk and you understand the current situation, I think we should not fear the crisis.
We can be smart by shifting into an industry that are in demand to people, particularly it's the basic needs which includes the food, so maybe selling and manufacturing would hit, and I also thought about agriculture and farming.

Actually opportunity was never lost, it's just that the world is changing its trend due to covid but we can always find away to survive.

As far as I Know it doesn't affect Bitcoiners since the market is bullish, but if you are a trader and you are profitable, then you should be happy as there's still people who are trading and that makes the market more volatile and liquid.

After taking an initial beating during the March crash (especially on the BTC portion of my capital) I've managed to ride the waves (trading) very well from April onward. Trading normally represents the majority of my income so I've got no complaints there. I've also been holding my signature campaign earnings ever since the crash, so those coins have appreciated in value quite nicely.

I do operate a consultancy firm which has taken a considerable hit, but fortunately I was able to get out of my lease, and there is basically zero overhead otherwise. Overall, I'm doing better financially than before this whole thing started, although this has come at the cost of some financial predictability. I definitely feel the need to stash away more savings now than I used to.

It is a fact, a real fact that so many people lose their jobs during this pandemic, moroever until now, many people still have difficulties to search for a job, moroever a job that relates to many people involvement.
I also see people and business around me, you are right, many small business closed it even for a moment and also forever. It hurts everytime seeing how they work so hard in order to survive during this pandemic. Just one hope that this pandemic will relaly ends and we can restart again our life, economic, and business.

Fortunately, before the COVID, I didn't work outside either. I focus on the cryptocurrency world. Where in the past many people around me still looked down on this profession.  ;D ;D
And I don't mind that. because after all, everyone has different thoughts and opinions. And thankfully, I was not directly impacted, I still have enough income from cryptocurrency to be used for daily necessities and savings.
And right now I'm actually opening a small business in the real world. It is too brave, however, we can think positively, take advantage of the moment, and take what is possible. Isn't this how we can help other people who have lost their jobs to find jobs again?
I really hope, not only me but everyone else keep thinking positive and hoping that 2021 will be better. the economy returned to normal and had a good and significant development again.

Being in a covid 19 situation, several economic systems have collapsed. many businesses have gone bankrupt and many have lost their jobs. I was the one who lost the job. In 2019-2020, the impact of Covid19 was very pronounced on my family's finances. moreover, I haven't had bitcoin since 2018. if you still hold bitcoin, of course, your family finances will be better, because the current bitcoin price development is quite good.

I have been affected because the company where I am working stopped.

But after some time it did resume and it went all back to normal, though I am at home working. As a user and an investor, nothing really changed. I have saved money from my salaries, I am earning good numbers from the cryptocurrencies I am holding but I just use some of it to pay some bills, other than that, well it is just there in my wallet.

I think I am one of those who gone out of job with this covid19 situation. Its really hard for me to accept that in shot a long time of working then suddenly it would be gone in an instant. I hate the fact that its happened to me and other people due to this pandemic but what can we do? Its not like out lives would stop as well. Might work on different stuff to survive the daily needs.

Its actually big loss but so far I am still thriving my needs and thanks to cryptocurrency, doing some trading I managed to earn decent profit to at least support my needs. Everyone should be optimistic even the tough gets going. On crypto side, I dont think it affected that much the market and thankfully my asset still in good position.

Thinking negative for a while is okat, that's nornal tho. But staying on it up to extent that you no longer make actions to get away of the misery is wrong already. So even how worst the situation is, learn to keep positive as it brings hope and attracts good vibes to you :).

My bitcoin savings became my main financial source since I don't yet have a job until now. Imagine this, without bitcoin I can say that I even wasn't able to post here. That's how poor I am without it ;D. That's why I'm very blessed to have it.

When it comes to my outlook for 2021, I hope every single nation will completely beat the corona virus by that time. That's it! No personal wishes, price skyrockets or whatsoever. Going back to normal is all I want.

Same here, what I'm getting in crypto right now is a big help to augment my basic needs. But I am still positive with things. This scenario is not forever and I do hope by next year it will be better to most of us. I just consider it as one challenges in life that we need to surpass in order to come out more stronger person. So let's just think of ways on how to earn more income these days and not complain for what the government is offering to us.

We need to be positive because so far there is hope our scientists are in a hurry to make the vaccine and there are more recoveries than death or critical situation, it's hope that can sustain us now.

This pandemic has greatly affected my economy, losing income because my busnises was unable to operate for several months (one month it started back operations but revenues decreased by more than 50%).
Was trying a new business but not going well yet, I am trying to stay positive even though 2021 may be more difficult than this year.
I hope the vaccine which is in the final stages of testing will be successful and can carry out normal activities and the world economy will improve again, which will definitely affect the economy of each person.

Believe it or not,my financial situation in 2020 is better,compared with 2019 and 2018.I don't know how long will this continue,but I will have to prepare for the future.Maybe the financial crisis will hit me in the next year,so I will have to increase my savings.I don't know what will happen to the global economy in 2021,maybe it will be the same as 2020.The tech companies and the pharmaceutical industry will be booming,while the rest of the economy will stagnate.

I would point out this "as bitcoiners". We have luck (or call it however you wish) to be in crypto, to have crypto! And we can't complain too much, the price from March until now is more than double up, along with some other coins. Prognosis for the next year in crypto are good, many of us expect some new records to be achieved. Bottom line, if you are in crypto not only that you will survive any economic crisis, we have a chance to make some good profit if we really break some records next year, and possibility for that is very high.

Yes, situation with small business is really hard but i believe in fas recovery. At least, stock market looks really optimistic

The pandemic affects my financial situation by the first time the virus attack in my country because I feel that I need to spend more money to buy some primary and secondary needs in the local store. After all, that product gets limitations. But after a month or two month, the distribution of that product begin normal, and I think I don't spend more money like before. I am grateful that I can still buy my primary and secondary needs, and I can also help some member of my family buy what their needs daily.

Honestly, based on the current situation, I foresee that my economic outlook for year 2021 is not that clear so I am neutral because it would still dependent on the outcome if there would be an available vaccine by the end of this year to totally end up this pandemic which brings economic crisis to all of us. If that would happen, then my outlook for year 2021 would be positive for sure for I can regain my expenses this pandemic for there is no incoming earnings from businesses and I nearly become dependent on crypto works. On the other hand, if there would be no vaccine to be available by the end of this year, then I stand to have negative outlook for year 2021 for there is no glance of hope to see because the economic crisis would be passed through the upcoming year and that might get even worst.

So my perception on how my life would run for year 2021 is still neutral for I still do observe what would happen on the upcoming days, weeks and months if there will be an incoming good news for me to see positivity ahead to face year 2021 with great possibility of having a great year to look forward.

The stock market does not mirror the economic situation in any country, it's just one of the elements. Stock prices are speculations on select large establishments, the economy encompasses large firms as well as SMEs, both sectors which are quite disjointed and do not operate under the same conditions.
Also, stocks are up, cause sentiments are bullish, it could change at anytime and the bubble would burst.

No doubt with that. It has indeed affected many regardless of social status. But, even though I do not know what 2021 could possibly bring, I want to have a positive outlook. Well, as a saying goes, "There's always a rainbow after the rain." Right? Hopefully, 2021 is that rainbow after this year's very heavy rain. And I'm talking about all aspects — economically, physically, socially, mentally, financially, spiritually, etc. Let's all hope for the best but of course, preparing for the worst.

Actually the economic effect of Covid won't rectify itself in a span of merely a year. People who voted positive are just trusting their guts for a positive future but the truth is contrary. There has been a lot of money infusion in the global markets which is why almost every stock market around the world is behaving pretty stagnantly and looks pretty healthy but these markets aren't depicting the true health of their retail economies. Even the Central Bank Governor of India said that Indian stock markets are at a wide disconnect with actual economic conditions and will rectify. Moreover, another truth is that the GDP estimates of almost all the countries are going to see a sharp decline. Now in such a situation with infused liquidity and falling GDP conditions are going to become. Much more difficult for everyone.

I am not self-employed and i have one of those relatively secure jobs. The situation didn't affect me as much as a lot of others. There has been a little cut in the take-home but that because our organization just used COVID as an excuse to shore up their cash reserve.
Its a gud thing though to have bitcoin. Its a relief to know that despite the uncertainties, i am saving a little bit in bitcoin other than normal saving instruments. Apart from this, the pandemic has made the work place a bit slow and less busy. This has given sometime to re-orient my priorities as well as give up the "i don't have enough time" excuse.
I have also invested some money in stocks and they have been up for a while now. I am positive about 2021. There is no other way to plan for it i guess. I cannot imagine the next year continuing to be abnormal with all the restrictions and general negativity. The way the pandemics go, we cannot be sure that this is over yet. A lot of countries are seeing re-emergence of cases with lifting of lockdowns. We will have to see if this is going to be accepted as the new normal and we can all go on with normal lives or not.

Everyone is affected even the freelancers who works online for years were affected because employers are also laying down. They are cutting cost by removing employees so a lot of freelancers atually are force to take jobs as many as they could to support their family.

I have taken a job of a trash collector for a landlord who uses AirBNB. I walk 2 Kilometers everyday to collect the trash from his building thats how it affected me. I'm still lucky to have a job though.

We need to be positive and I'm glad those who voted are positive because this will soon be over there are people who never gets tired working to make a vaccine for this and we just need to show support and be positive in the situation that we are in.

We all witnessed that cryptocurrency has not been affected by the COVID-19 pandemic, in contrast to other investments such as stocks
decline during this pandemic. So I, as a full time trader in cryptocurrency, see my economic outlook for 2021 to be very positive. Maybe
because I also had many online businesses that I ran before the pandemic happened, I didn't experience any financial difficulties.Because
in a situation like now the online business is growing.

I like to say that next year will be a positive outlook but I will be realistic here. I don't think that next year will be a positive outlook but I'm not saying too that next year will be the same as the current year. For sure there will be a vaccine possible next year.

With regards to business sector, I know that many MSME's have been forced to shut down because of the pandemic and that is quite unfortunate for them. Many lost their jobs and people are suffering. Lucky for those who still have their job right now since most of the countries' lockdown has been eased already so people can work now.

With me as a Bitcoiner, it didn't affect me too much because my income source is online and I'm not going to an office anymore to work with others.

I'll go on Neutral since we are still waiting for the cure and for the vaccine, without vaccine people will still panic and will not recover that easily. I'm still hoping for a positive bounce back next year but for now, I have to think on how to survive everyday, and have to find ways to payback all my debts despite of the situation. Cryptocurrency will help us, let's keep working and try our best everyday.

It is not that bad to think about the reality even if it is not good or if it is negative.

Truth will make us more think practically so that we are prepared when we are already in that situation. Let's accept the fact that we didn't expect this pandemic to hit us, so probably we have no idea when we will overcome this. It is really hard to make a vaccine that is guaranteed safe for a long period of time because it can affect some with its side effect.

By that, it can affect businesses around the world to operate inappropriately and for sure, the economy can worsen by this.

So I don't think that a year is enough to see the world go back to its normal state again, I think this will really take a lot more time, like 5 years for us humans to live again peacefully without fear of this pandemic.

A lot of things changed, and its quiet hard to live on a new normal but we must adopt if until the Covid-19 has gone. I'm still making bitcoin through my trading and I can say that it becomes more profitable especially when bitcoin hits the price of $12k and some other altcoins also made me profitable. I can't see myself on a negative side, I just can't afford to stop from working. 2021 will be a great year, no more virus and we will slowly go back to our normal life, I'm really hoping for this next year.

I'll go with a positive outlook in my 2021 because we need to be positive in any aspect excluding positive in CoronaVirus. Positivity vibes will help us to recover even if our recovery will take time, sooner or later we will survive this pandemic. I hope the vaccine testing will be successful. We can or can't recover instantly but small steps at a time will create a big change in our world.

This pandemic is really affecting the majority and if you are going to look at a wider range of perspectives, this pandemic is not helpful in the economy at all. But gladly, I can still manage to generate small income and help with my family and we're still able to survive everyday expenses.

As for the economic outlook, I'm looking forward to the next year that it will start to recover from all the damages this pandemic has brought because I'm hoping by that time, the vaccine is already available.

I'm hoping that in the second half of 2021 the pandemic will be mostly over, and maybe the vaccine will finally arrive. The real vaccine, not the imaginary one that populist politicians are talking about. Then the economy will start recovering. If I wanted to be optimistic, I would even say that the global economy will start recovering in the end of this year, and businesses adapt to the pandemic.

I think the economic recovery is good for Bitcoin, because despite all the talks of it being a hedge, it actually doesn't do well if economy is falling.

As of the moment, my economic outlook for the upcoming year 2021 would be Neutral for now because my economic state would be dependent with regards to what will happen by the end of this year 2020 if there would be a good or bad news. If there would be a good news just like there would already be a vaccine to end this pandemic by this year, then I would be having a positive outlook for the year 2021. While if there is a bad news such as no available vaccine or the pandemic got even worst, then surely a negative outlook for 2021 would come.

But many people say that we must remain optimistic at every situation in life but I think I could hardly apply it in my life for it is hard to remain positive at times like this. But maybe I could manage things out since I am having a great privilege to work from home and at the same time work with my stuffs in crypto related works.

My final outlook in my economic status for year 2021 will be dependent on whatever would happen by the end of this year that hopefully, this pandemic would come to an end so we can already get back into our normal lives.

It could be a negative transition, vaccines can cure but the side effects are still on the process even it has gone through the phase 3 trial and it also depends on the Trade Industry.  I think only North Korea is dependent when it comes to manpower.

My possible outlook for next year might be the economy will only turn positive in the year 2021 and onwards when a government has its radical decision and a concrete plan to its Economic growth.

All we wait to see the result of the flattening curve and through the graph shows the infected people will decrease and the recoveries will increase and no one will get positive, that insight might we considered we are become back in normal life

Jobless here in our country is now in it's highest in ten years this is the first time it goes double digit and still increasing really worrying our public transportation is one of the sector that is suffering they are now begging in the street, and the government have already allocated a huge chunk of it's budget for sectors that is badly hurt.

In my case I'm still ok I still had a freelance job online and a small store nothing really changes I hope 2021 we can all recover we cannot keep up with this kind of situation.

Honestly I do not look at future of economy as something that is nice, I look at it more like it will get worse but how much worse.
Bitcoin is out of this though, I believe my crypto life will always get better and that is why I am heavily involved, however I do not like the regular fiat economy, it is screwed because the system itself is built around making more and more money for the rich people, when you are super wealthy you can't stop making money and stay the same, you have to keep growing, which means you have to eventually own all the money in the entire world, since that is not possible that means crashes and troubles and even more poor people.

Hence, I believe regular fiat market is destined to crash all the time and will suck in 2021 as well as all the years after that.

This pandemic does hit me hard since my salary has been cut to half. There are many things we have been faced since the beginning of this disaster. Luckily, our government knows how to maintain everything during Covid-19 and I can say that I'm proud to live in a country where cases are lower than 1000. Many businesses have been closed and unable to recover after the pandemic. Yet, we still have many positive signs proving that our economy is getting back to normal

Therefore, I'm kinda looking forward to seeing what the world will be in 2021. I strongly believe in good things will happen next year.

I checked the previous posts. Everyone looks quite optimistic. No one really wants to consider the possibility that the pandemic may impact our lives next year as well. What if the vaccines which are in development fail to contain the spread of the pandemic? Even now a lot of people are surviving on their savings. Once these savings evaporate, then they will be in trouble.

I believe that in 2021 the majority of current problems will be solved and crisis will be ended

I'm with you. I believe it might get worse before it becomes better. My family owns a furniture/antique shop, passed down three generations, and for the first time the family is discussing to close it permanently.

The year 2021 is only 4 months away and I have no prospects to live in the next year, because until now in the country where I live facing this pandemic there has not been any good development and the number of infected continues to increase.
and I only rely on savings and earning in this forum to meet my daily needs and to survive, so I don't have good prospects for 2021 and hopefully this pandemic will end soon and disappear from the face of this earth so that everything returns to be normal.

I am unfortunately not very optimistic about 2021's outlook.  Lets first keep in mind we are only 4 months away from the end of the year.  The reason I bring that up is we are still relatively unscathed stock market wise during this whole pandemic and that's simply not realistic with whats going on ( yes the market crashed in March but it's back up to ATH's).  I think more and more people will continue to lose their jobs/homes and the stock market will finally have an epic and long lasting crash in 2021.  I hope I'm wrong.

2021 will be for sure positive. But we will have huge headaches from 2020. So more then half of world will not to to 2019 levels. Only 2022 will bring some progress. for us Bitcoiners at that time bear market will start. Maybe the last big bear market.

I believe the situation will improve in 2021 and the economic situation will continue to improve. Personally, I think my life needs will increase in 2021 due to the increase in family members. I dont expect covid to last long and interfere with my actual job thus reducing the income I earn. Personally, I can still be grateful that cryptocurrency has helped me a lot in meeting my need, especially from trading result even though they are inconsistent.

I am still very confident that in 2021 the price of bitcoin will continue to increase and of course it will really help us as users. When we still have hope, then rest assured it will be a positive thing even though there are ups and downs in life. May we stay healthy and safe. Stay positive

 well all of the peoples problem now are mainly financial  and im one of it  . me as a bitcoiner btc helps but i can feel the damage cause by covid , income from btc are delayed now and have been decreased but i understand why its happening and that makes me quite or stop complaining alot because  more negativity wont help  . i dont know what will happen next year but im trying to be more positive  . on 2021 the pandemic will be lessen or will be over and business are going back to normal

Interesting poll this is.

I gotta say I have different outlook for 2021. All of us see that it has destroyed many small and medium businesses but there are many more businesses which has emerged as new start up.

This is happening mostly in healthcare sector. In my country there is huge movement in medical supply chain as we speak!!

Many CRO which are called as contract research organisation which support the bigger pharma and vaccine manufacturing industries has got amazing opportunity by having 24*7 workload on their shoulder.

This is very good news for this field and any other related chain to it. I think it will be opened up for rest of the field by 2021.

In our country, the economy heavily dependent on unorganized small businesses. Due to the pandemic max of those businesses stopped during the first two months of the lockdown. But after that those small businessmen are starting to evolve their businesses according to the current situation. Some of the supply chain businesses have been introduced which was never existed in the past. As the thing will get normal day by day the people will have the opportunity to run their current businesses or go back to their previous one or manage both of them. So overall the number of businesses running in 2021 will be higher than in 2019, that's why I am hoping for the best in the upcoming years.

Fortunately for me I did not lose my job and everything in the economic aspect is working as it did before the pandemic and my family is the same as me and they have not experienced a change in their economic situation. However the crisis has hit my country really hard and a lot of people lost their jobs and unfortunately the recovery is going to take very long and I wonder what will happen to those people? Because they had mortgages, credit cards and other loans to pay and those people do not really care if you lost your job because of the pandemic, they want their money.

I've heard there are companies who does not want their workers to do some overtime, they are very strict following the protocols that has been set, an 8 hour work will just be an 8 hour work extend an hour then pay yourself for that. However if they deducted your salary, let's say 50% but your workload is not lessen then you have the right to complaint about it especially in Department of Labor.

For a third country where I am living, the life here is like walking on the edge of the cliff, everyday is uncertain. Luckily I am getting a support from my relative to sustain my necessities like food and apartment rental coz the landlady already lift the free rent for 3 months. Every time I see a news about passed clinical trials, I always see the end of this pandemic, tunnels always have an end.

Let's claim it! 2021 will be prosperous for everyone!  :D

COVID-19 forced my small business to close for a while, for several months I had to live from my savings. Fortunately, now the quarantine
and lockdown have been lifted by the government, so my small business can run again. So I'm starting to be optimistic that my economic
outlook for 2021 has become positive, but even though my economy has started to recover. The income I earn is still much lower than the
income before COVID-19 happened.

I believe not. We will feel the full damage of the pandemic on early 2021, and start to see the progress of "the rebuild" on late 2021.


What? 2022 will be the year of the FOMO surge to $50,000. 8)

After every bull market bear market start. Last bear market started in December 2017 and lasted until  start of 2020 when current bull market started. This bull market was cut in March because of pandemic.  All  that I said I fully believe in. But that does not mean it will 100% happen. I give it high chances. Next bear market wil most likely start in 2022. It is possible that only in 2023.

We have lost our job because of this covid pandemic but i am still looking toward a positive economic outlook this coming 2021. Knowing about cryptocurrency is a great opportunity for me because i can feed my family even i lost a job and now just rely on trading cryptocurrency. We have a difficult situation but we can overcome it, if we have a positive life strategy and determination.

Even with vaccines it is likely the virus will be with us indefinitely going forward.  One difficulty related to vaccines is the amount of people who will refuse to get vaccinated.  Other than that, there is a high likelihood of the vaccine not eradicating the virus but only helping to control the extremes of the outbreak.  This is likely a virus that will be seasonal like the flu, where it still kills hundreds of thousands every year during the flare ups, but does not otherwise rise to the level of a pandemic.

Right now there is really not that much hope for the future, the world economy is doing worse and worse all the time, yet at the end of the day you have to survive, you have to basically keep grinding life, what are you going to do, die?

So, even if the world goes worse economically and even if the financially we are not going to do better, at least technology and world improves all the time, which means even the poorest people live better than some of the richest people in history, think about it if you were Crassus and lived such a king life, you still couldn't learn about the Chinese theocratic history with a finger click, right now you can do that with mobile phone, plus food and so forth improved a lot as well. So all in all economy goes worse, but the worst is still better.

I know, I have experienced it. My only wish was I wish I had a higher monthly salary to buy more of the cheap Bitcoins.


Did you believe that that was already the bull market? I believe it wasn't. We haven't seen the new ATH yet. Show me a new ATH that has almost twice the value of the old ATH, and I'll show you a bull market.

The world economy will inevitably recover as expected when COVID-19 comes out. If there are no new diseases, the economy will recover and develop higher. 2020 is a year of failure and many people have gone bankrupt. I believe the world will soon recover and people will return to work.

Though this pandemic gives us all sad feelings, depression and hardships..I am still looking forward on positive effects by 2021..I am looking forward on effectiveness of vaccines and medicatioms..hoping that more people will recover..I am hoping thay everyone's lives will continue no matter how hard it is.. it would be better to think positively rather than having negative thoughts..good vibes attracts positive results anyway.

COVID-19 has had a devastating effect on the world. If the virus is not cured, the situation could worsen according to a 2021 survey. Nothing can be said until the vaccine is available many have lost their jobs and are living in financial crisis. It will take a long time to overcome this bad situation the amount of damage that has been done to the country's economy cannot be easily improved. Not only business but also normal life of the people is being disrupted.

Yes, this situation has made my financial is getting worst. Loosing my job because my company decided to mass layoffs for bankruptcy. The company can't be able to pay all employment and even I didn't get my dismissal funds. Greatfully, I've been active in this forum and also I try to be a trader now so I can get money to meet my family's life.

And I don't know I just think that I wouldn't decide to find another job, I really like trading and its concept to get money. I don't have to spend a much time like I work before, but now I have to find more knowledge againsf trading in order to I can defend to get money through it. And if I compare the income from my trade is more than I earn money per months from my job.

   With latest rise of crypto-market my portfolio looks nice, and predictions for the
next year looks promising. From that side I stand strong and I hope I will add more
coin to my portfolio.
   My job is safe, that side is also secured. I have high hopes for upcoming years,
and generally my economic outlook and life are alright, and I hope it will stay like
that and have improvement over the years.

Bitcoin holders are going to be richer for sure! Already the prices are tripled from this year's low so one who used it will not be worrying much about jobs and other collapses but generally these people doesn't go for job and it is going to affect much the small business and jobs in different sectors.So overall it will be a negative one for the whole community.

I took the pandemic and working from home as an opportunity to take up a second job and make extra cash (to spend on more bitcoin). Been delivering pizzas as a side hustle and I'm in a better financial position than I have ever been. Also far less stressed since having no commute.  ;D

Right from time I have been the type of person that doesn’t like to rely on one source of income, I like diversify and be involved in lots of things, and I started this due to my past experience. It’s good to always have other source of income because if you continue to rely on source alone, when things like this happens you’re going to be disappointed.

I know people who lost their jobs because of this, and I wasn’t affected because the areas I am into were not affected (I didn’t lose a job). But assuming I did lose one source, I would still have the other sources to rely on. Although this is usually a difficult thing to do, but it’s advisable that you try to do it, learn different skills. And as for my country’s economy, lol it’s  been bad, but I’m always positive.

Yes it was. Bull trap was June 2019. Bull market started in January 2020. Economic crash put bull market on hold and post pond it a bit. Normally new ATH of $20k Bitcoin, should be reach at the end of this year, now will most likely need few more months.


Bull market dont start with ATH. Bull market start after bear market and and after that is some time when price dont move much. Just open Bitcoin chart and see for yourself. Ofcourse we are talking here about 4 years cycles. Not a bull market that last few days. I thought I was completely clear since I also posted dates.

The lockdown was unexpected, and the most annoying part was that our government didn’t close borders when they were expected to close it; they left the borders open until we had more than five cases, that’s when they closed the borders.

After that the number of cases started to increase, those that came in contact with those that has the virus, and it was hard to track down all those that came in contact with the sick people, so it kept spreading and we had to go for a lockdown, even my workplace had to be shut down for a while and my savings was mostly what I relied on most of the time. But the company I worked for later decided to move things online. Things are back to normal now, and we are hoping for the economy to grow again.

Business owners are complaining of this all over the world, even if right now they are allowed to open their businesses they are not receiving the profits that they received back in the day, but this is because people are taking care of their money and they are trying to not spend it because they are either afraid of an economic crisis that gets even worse or they are afraid that they're going to lose their job, and as such they cannot spend their money with the same freedom as they did before, and this without a doubt about problem for business owners because it is going to be quite challenging to remain in business when your sales drop so drastically.

Virus could stay with the world forever, that is not really the trouble, as long as we can make sure that there is really no trouble with the virus killing people, we could be really fine with it. Look at common flu, we all get it every single year, it is not like the infection is such a drastically low thing, hell one kid gets it and spreads it to every kid in the class and then teachers get it and spread it to other classes as well, making the whole school go through common flu every year, with exception of few kids.

So, as long as we find a cure for it and basically drop the danger of it down with some medicine and some vaccines and so forth, our body will make sure that it is immune against it killing us. We will have some fever some coughing but in the end we will get much better.

You're right, you're right. BUT, if we zoom out, what do we have? A 10-year Bitcoin bull market. 8)


From your extensive experience from diversifying, what would be your suggestion to make some money on the side in these hard, and trying times? What skills are the best to learn?

Please help us plebs.

Yup, they all have the same problem. But at least it is much better than not having an income at all. They can slowly come back and slowly get better soon. It depends really on what business you have. Restaurants are needed right now, focusing on deliveries but a few percentage can dine in with all the safety precautions.

Well, you still evaluate if your business isn't really working out. There are a lot of business that are not into food and essentials that is really needed to close down. Specially if their operating cost is greater than their income.

After the quarantine has been lifted and all companies have started to be allowed to run again, I am optimistic that in 2021
my economy will recover. For this year, the income of the company that I lead is not the same as before the corona virus
spreads. But at least there is income that can be obtained, hopefully the amount of company income can continue to increase.

Your lucky that your company is still earning while others didn't experience to earn yet because they are still close  .

your companies income will return to normal as soon as there is no more covid  . my financial status are the same or I'd say it improve a little because my nature of work is online and this kind of work are on demand now  . I'm thankful but I'm not selfish , Im wishing that this covid be will gone as soon as possible .

I still believe that the economy will recover pretty much, so I’m just hoping for the better. I don’t think this is something that we should be killing ourselves over, it would be best for we all if we are positive enough and keep working hard towards making our countries better. This is a time to look out for others and not just yourself, especially those that have lost something due to the pandemic.

At the start it was difficult for so many people, a lot of companies had to stop working and it affected many who lost their jobs. A lot of people were complaining that they can’t afford to buy food for their family and all that. It wasn’t easy.

The pandemic really hits my life financially but there’s no other choice but to face it and survive it. This crisis also made me reflect on different things in life and learned a lot from it because there’s a lighter side of it that helps me to become a better person.

I’m looking forward for a positive rebound next year, my goal really is to become financially stable that’s why I’m really focused on improving myself to overcome future crisis.

I belong to a middle class society in our country. And when this Covid-19 started to strike here, I've been so down financially. As a bread winner in a huge family, it seems like  a chaos to me and really dont know how to feed my family and make survival. However, I was so thankful to be able to learned about Bitcoin and began to focus in this blockchain industry. Just then I realize that I am not so down at all, because I have something great and resourceful platform that will provide me financially and will be able to help my family and the others too.
I maybe new in this Bitcoin and blockchain world, but I already saw the proof that it can really give us more profits and have financial freedom. The great features and benefits in this Bitcoin Industry is beyond compare and surely it will make my life more fruitful on the year 2021 and morè so in the coming years, as i am continously learning, believing, trusting and working hard in this platform with patience.
I also have faith that the world's economy will arise next year.

But what's the outlook for you? Is it negative, or positive? Do you see your shop expanding with more customers, or contracting?

You said many companies around you closed. In my opinion, from their standpoint, the market has contracted, and they can't compete.

Due to this pandemic, I have to used all of the money I saved last year. I almost got bankrupt due to lot of expenses with a small salary from our company. Yes I know I am lucky coz I did not become jobless but the salary I am receiving is not enough for the foods, vitamins, and bills in a month. I find alternative ways during pandemic. One of this is networking but I gues it is not for me. So here I am trying to earn cryptos again. Hoping I can save money again as well as cryptos that I can hold until its price increases. In terms of financial and holding money, covid 19 taught me well. For the incoming year(s), I want to apply all of it so I am looking positive. The situation will be the one to force you to think ways to earn just to survive, right? It is very difficult to live without money during these days. When we surpass this situation and everything is going back to normal, believe me it would be easier for us to earn.

I really sympathize with you, because I understand you perfectly. I myself was in a similar situation several years ago. However, in today's conditions I'm more fortunate, I have a job that allows me to support myself and my family.
My prognosis for next year is positive, as pharmacists have gained some experience, and people have immunity. I think next summer we will return to the old familiar life.

I think everyone is affected by this pandemic and even though the price of bitcoin dropped the past month, I am not affected by it since I kept on holding. I think I am expecting both sides for the future year, as an investor you should also consider bad movements so you make something reducing that risks to come.

We can't deny the fact that both huge and small businesses are experiencing its downfall during this pandemic. However, I still believe that being positive will also attract positivity in the coming year. I'm also experiencing a downfall in terms of finances. I've even lost my job because of the pandemic yet I still have hopes for the future. We still need to persevere and find ways to survive during this situation.

I'm not sure but it looks like it would be fine if I want to try and do something, and also because the conditions in other fields are down, making the crypto market go up again because some of the new funds coming here are quite large or is it just the hype being used at this time.
just remember this word:
You may never know what the results come of your actions, but if you do nothing, there will be no results.

I think the same but at the same time there are some industries in which the demand has changed so drastically that even if they are open for business not much is going to change, an example of this is the air transportation industry, many countries still have bans or restricted travel between countries and this means obviously less air travel and if the cure of the virus is not found until the next year as it is believed then this drop in the demand is going to continue for quite some time, and with a business that is so intensive when it comes to their capital I doubt many of those companies will survive.

My outlook for 2021 is still not defined. Before the pandemic I had many plans but everything changed. For now I do things for survival. I'm taking a lot expenses to help some relatives in need.
I agree that when humanity has a vaccine against Covid19 we will have a clearer and more positive future. Let's keep our positive energies and protective measures to reduce contagion and so we can all move forward together.

I feel like if this corona virus doesn't end any time soon and keeps getting bigger (it happens in some nations, dying out in others) I feel like we are going to get another break out soon and that will not end well for economy. It already happened once and the nations decided that having a less valuable currency and high inflation would be result instead of having everyone super poor and not even be able to afford food, so I understand the logic and it kind of worked, well at least for short term.

However if it happens again in the coming months they can't continue to print money, and even if they do that would be unbelievably bad for our future as well, so I do not know about my economic future, unfortunately the situation doesn't look good for now at all.

We're seeing an uptick because the lockdowns have eased.  As governments try to move closer to normal you will continue to see the spread of the virus.  The virus is basically linked to economic activity at this point.  The movement and interaction of people through the economy spreads the virus.  This is why when strict lockdowns were in place, you had falling infection rates.  Such strict lockdowns choked off the ability of the virus to spread, but also economic activity.

There is a bit difference between now and before covid19. The unemployment rate has been high in my country for a while now, even before the pandemic. So it is fair to say, there has been a bit different in a standard of living to be specific. As it has been extensively discussed that potent vaccine will be available by the end of the year, while we have already read the news of some countries already patenting vaccine for the virus, my 2021 outlook is to see the economy recovering again, decrease in unemployment and more money getting thrown to the economy.

seems unaffected by now, but you never know
there is much more influence of Brexit (someone would say what? now, since this topic is already out of the table) for me in 2020, then from covid-19, although one do not know what will happen if the second wave emerges

it is good to see that pool brought some optimism here

Having Bitcoin as savings helped, but that's not what the poll is about. What's your economic outlook for 2021, and how will that affect your life professionally, and financially? I believe that we haven't felt the full impact of the global economic contraction yet.

The forecast is that we have already returned to the indicators of the beginning of the year after all this little shaking. 2021 will be the "first year after the crisis" when not only everything will return to normal but also there will be so rapid growth. There are also a lot of new players in the small and medium-sized business sector. Perhaps even the crisis affected the fact to shake up the tech giants on new technologies that they kept up their sleeve (Hello Nvidia) etc.
It will not just be a good year - it will be a rich year.

The same is happening where I live which is why I'm very grateful that so far I have not been very affected by the pandemic in economic terms, however the pandemic is going to affect the world in many other ways, for example all of the social isolation that many people are still practicing is probably going to affect their mental health and over the long term this is going to have very grave consequences as people adopt these kind of patterns of the new normality and they stop interacting with people as they used to.

I had been living a gambler's life before, but after losing everything in it, I lost my passion for life. But this pandemic taught me that life never stops at one point and so shouldn't we. Covid-19 made a gradual change in the world of economics, and I do not see anything getting back to normal so quick due to so much FUD in the minds of people. I still see it as an opportunity and thinking of opening a food truck, and I think this could help me get back the money to buy a new house before I die.

Once we have vaccine in place things will start to get better for sure. In mean time it will be difficult times only and we will need to ensure that we can survive in this time and do not fall in stress. Keep on believing in our ability and if possible, to get new skills or develop passion for anything new which will help you personal and in career wise.

Surely by 2021, the world economy will be better because they are currently working on vaccines to prevent the COVID pandemic 19. Over the next year, the government will roll out economic stimulus packages to make the economy more productive. economics goes up and gets better.

While I am hoping this happens and the economy improves at the same time I do not really have a lot of faith this is going to happen, the crash in the real economy was simply too big and it is not realistic to expect for the recovery to happen in a single year, this means the economies of the world will be susceptible for a long time after the pandemic ends, this will not be a problem if they were in good shape but with most governments being heavily indebted and the stock market being a giant casino if anything negative hit us during that time this could cause another major economic crisis in a heartbeat.