Well, it was coming just around the corner...
People don't need to use that much oil today (Electric transport, alternative energy).
I just counted for myself, and it appears it's cheaper to get a solar electrostation rather than paying electricity bill 3 - 4 years

Most pumps are done by really big whales. I feel like at this point of time (a month) we won't see a gigapump but it's coming...

These are some great news!

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It all depends on public opinion. If people will believe that investing in crypto right now is a safe harbour -- there will be a significant pump to main cryptos. At least it's more likely that people will hold, since they won't need to exchange to cover daily expenses.

I had high hopes for NEXO as an alternative (blockchain) banking system, but heard they got some problems with the law in the US soil which affected some of their investors.
I believe we can make the banking industry in blockchain as our future, if we will use some crypto for daily transaction (buying basic items, paying for services). Until that, we have to deal with exchanges, banks and the traditional payment systems.

Yeah well, not going to happen. It's not like the US treasury has a lot of gold now. There's a lot of paper dollar money, but that's it 

My rule is to never ever sell crypto when it's falling. Prices usually stabilize and climb back up even with a sharp fall.

I believe now is a good time to buy BTC, XRP, ETH. These all must grow in these conditions, BTC is still relevant and seen as a crypto to hold money in long time. XRP can be used for instant daily transactions

It is exactly made for situations like these, but you got to understand the timing. Right now FIAT is still credible for purchases, and people do need FIAT to purchase supplies and such.

Countries (Especially USA) will be printing money, so it's expected to see this happening.
People will start losing trust to USD and move to other assets, including gold and crypto.

China and the US been struggling for decades, and so far China were winning in numbers, by buying the USA tax payers by providing loans to USA. The reason USA even needed these loans are in part because of an economy war between China and the USA. Currently at least 10% of taxes american taxpayer pays goes directly to maintain the loan.

The funny thing will happen when the US will declare that 1$USD = 0. I always found hilarious the fact that the USA has trillions of debt, but in the US dollar that they can print.

Either way we can only assume how this crisis will affect us for the next 1 or 2 years, but really what people should wonder about is what the world will look like in 5 years, and how to prepare for it.

I think at this point of time China is the last country we have to worry about. They have a strict government which will enforce the self-isolation when the second wave hits, and their economy can be reformed to real socialism (like venezuella) rather easily.

I heard something about china having some economy bubbles that are about to pop back in 2015. Anyone has any info about that?

With this amount of new USD money in the economy, I believe the BTC and other main cryptos will fly us quickly.

That sounds terrible.

Many countries like my own were barely holding, and now that this crisis just started it becomes really hard for the world economy to keep existing as existed before.

You're right! Although the formula works as intended, the description may be a bit wrong which is why your calculation results were wrong.
Thanks for noticing. It's a minor description error, while the calculations are correct.

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Crypto economy is a "backup plan" for many people who are aware of this tool and aware of the situation with today's world economy.
If SHTF everyone will use bitcoin just like nuka-cola caps in the Fallout series.

In my opinion all countries with high populated cities will suffer from this long term.
All developed nations will be forced to use their tax money to save lives, take credits from thier children. Those countries who were barely surviving with low income population and corrupted governments can turn into chaos.
So stock on some toilet paper, and hope that the vaccine will be found soon.

The potential backlash to the US economy will be terrible. If they don't provide help to the citizens - they will be forced to go out to work, to pay their rent just to keep a roof on top of their heads.