Opportunities are everywhere you just gotta go and grab it. I didn`t grab tho  Pick up the phone and start dialing!!! |
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For the people who was working online was less affected by this pandemic ,it mostly affect the people who is working under any private sectors.
Disagree. All are heavily affected either working physically or in front of the desk at home. Take the example of the Business Process Outsourcing industry. One business they covered was processing sales and orders. Due to the pandemic, the volume of sales decreases to the point that it can now handled by only few people. Because of that, some employees were forced to take leave without pay. Since people are struggling financially, these employees look for a new job and so on. There is no sector in the world that didn't feel the wrath of the pandemic. The good thing, after almost half a year dealing with the pandemic, some businesses are now slowly getting back on their feet. Very true- everyone has been hit one way or another- some obviously are taking it better than others. There have been a lot of online industries totally demolished by the pandemic. Should we see a second wave, I hope these same businesses are better prepped and learned from the first experience. |
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Don't forget to vote! I'm using these stats for a science experiment
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To be perfectly honest, things seem worse for me.
The whole economy around cryptocurrency depends a lot on the regular economy for financing its everyday operations.
As a result, the money flowing into crypto must have gone down considerably also. We've gotta remember that the ongoing recession isn't also accompanied by distrust in the financial system (as it was in 2008).
Central banks could now more easily solve the issue by printing money. Retail banks aren't bound to collapse this time, deposits are still in them. Just less propensity to invest.
Therefore crypto as an instrument isn't seeing more interest because of the recession. Actually very few industries saw a benefit from the pandemic. Only those that produce related items, SOME games and live streaming. Almost no other industry is known to largely have seen increased earnings. Even most websites saw less earning because they got more traffic but fewer companies were interested to advertise.
Very true. The speculation everyone sees a few months back with the parallel crash between crypto and traditional financial assets really had people second guessing- which would definitely result in money being pulled out of the ecosystem. To be fair, I don't think this will be as bad as the recession in 2008 given our current stance on finding new opportunities. HOWEVER, I do think that a lot of people may have gotten lazy in the last 12 years, resulting in a high (and growing) unemployment rate. There are opportunities all over the place and I feel if it's not something you REALLY want to do, might as well take it, learn a new skill set, and build your bread up until you can go back to your original career path. Chances are, people might actually enjoy doing something new and take a shift in career paths. For example, I left the offshore banking and corporate finance sphere to work on what I thought would make me genuinely happy- AND IT HAS! |
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The pandemic will end soon, no matter if that takes a long time. We will see an increase in the opportunities through the digital world or offline world because people need jobs to make money, and they need to survive in the middle of this pandemic. People who don't creative in searching for the opportunity will get in the trap of surviving because they can not see the chance to get a new job to make money.
If the number of infections still increases, I think we will see another lockdown in many countries because the government will think about their people. They don't want to see the increase, and they will work hard to prevent the new infection. The crypto itself will offer that opportunity, but that is only for people who want to try to work with crypto.
ehhhhhhhhh I wouldn't be so sure. America is hitting record-breaking levels with new cases while some Asian countries are very minimal. The reason behind that is because, with even a handful of cases, they have 0 problems locking down the country all over again it seems. Of course, staying optimistic, I think the article highlights what a lot of us are thinking right now and are actively looking for new opportunities. Thank god for DeFi and living in a technologically advanced era |
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My life hasn't change in terms of work or job because ever since, my job is already in online world, in crypto world as well.
So this pandemic has not affected me or anything, but people around me, they are affected with the pandemic, I like to help them with what they are experiencing right now, I'd like to offer them an opportunity but I believe they would not have the same interest as mine.
Did you at least get rekt from the first dump, following the traditional asset classes? |
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A lot of people have learned how to trade and monetize their time throughout the last couple of months. Digifinex UI/UX with my plugins has been great for an Asian exchange and I've been able to quickly jump in on some of these alts. I don't believe in another altszn but there are some quality gains to still make. Congrats with the merit, you can use it to obtain more information, sell, or simply give it away and make someone else's day. |
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There are new opportunities being created everyday during this pandemic, and some companies are now working remotely so that their employees can work from their homes. One thing I have noticed is that most of the jobs I am seeing these days that are being done remotely are jobs that has to do with software engineering. There are also other jobs, but none of them are up to the level of jobs that the engineering space provides.
It’s good to take this time and learn other skills, whether it’s copywriting skills, web and app developing, marketing skills and every other skills you think will be useful at this time. Although that doesn’t change the fact that there are still important jobs that can’t be done online.
Those running charities and non-profits during this time will truly flourish when this ends. It's all about long term plays here and working with like-minded individuals. I've also noticed a lot of jobs coming up in emerging industries eg AI, e-learning platforms, e-commerce, the list goes on. |
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Solution: stick to working with technologically advanced companies  |
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MOREOVER- if you're comfortable, maybe state where you're from and how being domiciled in your country has affected your ability to find opportunities.
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During this pandemic, while we are in a quarantine or lockdown, I manage to observe the market and wait for some movement in market price. I prioritize my bitcoin and ETH because they made me grow in using them in the market. This "New Normal" is not that easy to adapt, but what can we do if we have nothing against this pandemic but to prevent ourselves from getting them.
Digital currency or cryptocurrency is what we need and we should focus on right now.
Also, this quarantine will give us opportunity to explore more assets or altcoins that we never hold before. There are a lot of opportunities for us to make profits using other coins that can give us hope when we are still suffering from financial crisis. Hopefully, after this pandemic, we can promote the use of bitcoin and the cryptocurrency community should increase and grow more.
How is trading going for you? BTC has been very unpredictable after following the traditional finance crash, but with a strong bounce back to a $9k support. I personally cannot focus on the price. Love the volatility but not the stress... |
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I was working with a bunch of new crypto startups then the pandemic hits me right in the face. Some of the startups hasn't paid me for the work I did for them. It sucks, but then it opens an opportunity for me to work with more established company/startup.
Before that, I fill myself with new stuff, learning new things, even trying to remember what I always did back in 2013 when the first time I know Bitcoin. Even though my finance is not yet back to normal, I learned myself a thing or two.
Would love to hear story from others who got impacted by this pandemic, specially those who work in the industry.
Well put. Sapta, you've got a very valuable skill set to offer. You should set your primary focus with businesses that are just as high-end as you. |
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Don't forget to vote and share some opportunities that you took or maybe missed out on! I would love to hear some quarantine stories from the community.
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IT'S OBVIOUS: "In the current global economic recession, individuals and institutions have been turning away from traditional assets and seeking opportunities in cryptocurrency." WHY?! "The pandemic has been a challenge for everyone, but it has created many opportunities for us in the blockchain industry. In most industries, sales vectors are declining, as bankruptcies and layoffs rule the day. But companies in the crypto and blockchain space have been expanding, hiring, and applying for new licenses." Wise words from Digifinex's Kiana Shek. Opinions matter, as long as their helpful. Ask yourself: "what is the pandemic coming to?" Are we seeing an increase in opportunities throughout the digital realm we live in or do we find ourselves stuck in a rut, not being able to figure out what is next to come? Will we see additional lockdowns for the remainder of 2020? Will the crypto space still offer the same opportunities as they do now? Think of this situation as the outro to the tootsie-pop commercial: how many licks does it take to get to the center of the tootsie-pop? The world may never know. The world may never know what is going to happen next or what opportunities come our way. The best advice is to stay consistent in whatever you're good at and keep that pig-headed discipline. Read more: https://cointelegraph.com/news/in-covid-19s-wake-the-new-normal-creates-crypto-opportunities
Throughout the last 4 months, I, personally have been able to start a successful firm based on the knowledge I've obtained in the last 5 years of being in this beautiful, stressful industry. Sitting in quarantine made me think about what to do next. I was working for a crypto-friendly bank and a big-time media outlet that I felt was a waste of time and as I sit there, I wonder what move is made next. It was time to take this situation (some say opportunity) into my own hands and be my own boss.Now I'm the 3rd richest man in the world and travel to the most beautiful places around- click here to find out more! (KIDDING. DEFINITELY NOT ONE OF 'THEM").With all of that being said, my advice to you, cryptoneurs, is to stay positive in this emerging industry. Wherever you are, whatever mindset you have, just know that you can take this time to really hunker down and figure out what you like. It will make you much happier and productive- ask any successful entrepreneur, like Kiana. Stay focused and stay grinding! Talent is evenly spread but opportunities are not. Take this time and make it your [fill in the blank]... |
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It's life, you can't be positive or negative all the time, it's why we have so any ups and downs in life. And it's hard to stay positive when dark is everywhere around, and just some people are strong enough to stay positive during hard times.
I see many different examples around me, some people are in financial problems, that affect their mood. I see people who have money, but they are depressed, all this is very hard for them, they are living in fear for months. And of course in the end there are people who are capable to adopt to any situation, and to use it how they can.
Nice topic, people should be able to stay positive trough these times.
Outbreaks are mostly giving negatives but if we trained our mind we can also see the good sides and it is the positive sides. Not all of people have the same perspective, I'm one of the people believe that my lives became better because of the pandemic. It is my personal experience after because I have now more time to gamble and to do trading. Outbreaks may be giving a lot of negative but it is good if we will find opportunities hide from it. Definitely more negative takeaways than positives but like you, I've also been able to make the best out of the pandemic. I guess that just means already being decently positioned in a growing tech environment helps as we're prone to work in a decentralized manner, leveraging all tech resources we have. |
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banks in the future should be able to implement everything with digital currency because using digital currency will make the world cleaner because it will certainly reduce the use of paper money, if applying digital will make transactions easier.
You will need the proper partnerships to make any of this happen. They have to be extremely on top of their business and provide an excellent reputation if they plan on working with banks. Let alone, this is something to look forward to in the future. |
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I think the OP is mixing up his understanding of banks that there are are two kinds of it one is what he calls “traditional banks” where their clients go to the branches to make transactions and the other one is where they can transact online or using atms or their phones. If that is his understanding then he is truly wrong about it since what he calls “traditional banks” are also the ones evolving into digital ones since its how they keep up with the technology surrounding it and of course against their competition. The fun thing about this is some banks are already applying blockchain into their system as well as including crypto onto their businesses.
I don't see how BofA or Wells Fargo or any of these other tradtional banks are turning "digital" with just their mobile apps and inner b2b transfers. The term digital banking is referring to these banks that can operate the same way as these bigger players but do not need to physically have a branch. They are more flexible in this case as they can partner with different corresponding banks, implement blockchain technology (RippleNet is the best example), provide insured custody for digital assets, etc. There is much more flexibility in this case. Look at EQIBank, Revolut, N26, and more. EQIBank differs because they actually have a bank license but they're all very similar in the end. |
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I think the second generation of Banking has already passed and banks have already moved to digital platform. What Credit Suisse is saying now has already happened 5 years ago with Core Banking Services in implementations. I think what we are waiting for now is the third generation of Banking which I think will be based on blockchain. Like the idea introduced by Ripple. Banks would start using cryptocurrencies for swift payment mechanisms. Moreover, earlier we used to see banks at a local scale without much inter-bank transactions but now we can clearly see how banks are interconnected with each other throughout the country, future would be a global banking system with almost zero delays in remittances and receipts.
What do you think about digital banks that don't have a physical branch? I think if there's some form of physical presence its ok but it's not necessary if said bank has all requirements to be fully operational. EQIBank is an interesting challenger bank. |
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Digital and traditional banking do exist. Thats most of the banks in my country were doing. Those who are less technical in terms of modern computer, may opt to continue using the traditional banking system.
While at the same time banks are slowly adapting the digital system for the clients who have less time to visit to their banks for transactions. Some of the digital banking transactions includes ; online inquiry of balance, withdrawals, deposits, and loans. If there are any movements of funds or any transactions from your banks, you'll usually be notified through your phone or emails.
So, are there any other Innovations that were going to expect in terms of digital banking system?
Genius bars instead of bank branches would be unique to see, partnerships with giants like Apple and Samsung for contactless payment rails, crypto company alliances to bring crypto to the masses and bring more volume and exposure, etc. The list goes on- so many use cases. Which country do you live in? Keen to learn more about what digital bank is making an impact there. Also, based offshore obviously has its benefits too. |
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We are already in the era of digital banking before the existence of cryptocurrencies we are already moving funds online thru online banking, money remittances and other third party financial services. The birth of cryptocurrency gives a new episode for digital banking through crypto we can now send funds anywhere in the world fast, safe, effecient and low cost without intermediaries.
These aren't considerably real 'banks' nonetheless. There are businesses like Revolut, Wirex, etc that may have obtained an e-money license and carry partnerships with corresponding banks for fiat gateways, but they are still a sandbox built off of existing infrastructure. Banks with real banking licenses are much for efficient for long term plays and practice. |
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