Corona has killed economy of many businesses

[TimeTeller]

Even though there are still no confirmed or effective antidote for the Corona virus or the ncov-19, we could see positive events happening around the globe. One by one countries begins to understand and becomes cooperative in fighting the virus. People need to abide in the regulations of the Government for orderliness and unity. Like in China, news tells that gradually they are now recovering from it, even with no antidote, just by quarantining people that are infected, little by little, rate of infection or the spread of the disease has decreased.

Sooner, I believed that we will overcome this virus once and for all and hoping for a gradual recovery also in the economic part of the society.

For sure, we will surpass this situation. Let us hope that they will release the vaccine sooner than what they are claiming to be another year or 18 months.
Can they determine the potency in a shorter period of time?
Since we have more advanced technology than before, I guess they can assess the potency without waiting that long.

[imstillthebest]

Even though there are still no confirmed or effective antidote for the Corona virus or the ncov-19, we could see positive events happening around the globe. One by one countries begins to understand and becomes cooperative in fighting the virus. People need to abide in the regulations of the Government for orderliness and unity. Like in China, news tells that gradually they are now recovering from it, even with no antidote, just by quarantining people that are infected, little by little, rate of infection or the spread of the disease has decreased.

Sooner, I believed that we will overcome this virus once and for all and hoping for a gradual recovery also in the economic part of the society.

For sure, we will surpass this situation. Let us hope that they will release the vaccine sooner than what they are claiming to be another year or 18 months.
Can they determine the potency in a shorter period of time?
Since we have more advanced technology than before, I guess they can assess the potency without waiting that long.

right  . technology now are more advance than before so i dont think itll take for too long to formulate and test everything but i think they already have it now  .

  cant you see that many countries are now back to normal and confidently said they are now free from the virus  ?  the only problem here is the dirstribution of the medications i think because some governments are slow and cant accomodate many people at a time   , thats why we saw slow progression on other affected countries  .

[coinfinger]

Big ones will figure out a way but small ones are going to get killed with this. There is even talks about big companies not being allowed to do share buybacks, think about it, if a company is doing SO BAD why would they want to buy their shares back with the help they get from the government, they should be focusing on paying all of that money to workers and debts and so forth in order to survive. If they are doing buybacks that means they are not doing all that bad, they must be doing alright if they have nothing else they want to spend the money on.

Normally, if a small company gets help, they would pay their workers first, then their rent, then their debts, like whatever "costs" they have, they will want to cover that. Big companies are not like that. When you fire 10k people from your company you literally save tens of millions of dollars per month, that is how they figured out they could save money from that and buy their shares back.

[Jeremy Franklin]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

Until we find a vaccine (what will take about 1 year from now) the only good strategy is social distancing. If we don't interact with people in a close range, we can not spread the virus. If they virus isn't spread the newly infected will go down and life can go back to normal. The following month will be hard, but I am confident that we can do it, if we stricly follow the rules.

[Japinat]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

Until we find a vaccine (what will take about 1 year from now) the only good strategy is social distancing. If we don't interact with people in a close range, we can not spread the virus. If they virus isn't spread the newly infected will go down and life can go back to normal. The following month will be hard, but I am confident that we can do it, if we stricly follow the rules.

One year from now with the same situation, I guess the economy would really fall if that happened, they should find the vaccine the soonest possible time as if not, since the number of people infected are increasing rapidly in a daily basis, we might see millions of people get infected and maybe hundred thousands of people would die due to this pandemic.

[shushu9977]

It is a very worse and bad time for any kind of business without medicine. Not only local market but also international market bear the huge losses for corona virus (COVID- 19). There are few antidotes given or we knew it the name of antidotes. 

[ufaiz50]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

covid-19 is the same as other types of coronaviruses, where the virus can be removed with the disinfectant that is on every soap and another cleanser. the most important thing right now is how we maintain our cleanliness and break the chain of the spread of this virus. the most difficult to handle is the spread of this virus because its spread is arguably very easy.

It can't be helped, it's already at the pandemic level. I hope this will end soon and life activities can proceed normally, so I feel this economic crisis will soon improve.

[TheGreatPython]

How could anyone think that billions of dollars lost all around the world, maybe a combined over a trillion dollars lost will not affect the economy. And more importantly how can governments help the huge companies with troubles so they could literally buyback their own shares with that money?

How is that helping the world, at best case you are buying it for people who had enough money to buy shares from those companies, not horrible, that is cool, however it is not enough AT ALL. We are in a situation where even republican Americans are saying there should be one time payment to all citizens so the world can continue to turn.

Giving 1000 dollars to every single american would cost less than 400 billion dollars, every single country could do that with their own national currency and whatever would help, governments are getting our taxes so they could do something with it, right now it is time they pay us back because we can't anymore.

[joinfree]

Yeah, most countries did not really take the spread of the virus seriously and now it has overwhelmed them with the number of deaths that it has claimed especially in Italy and China. This has really slowed economic activities worldwide and frankly speaking i don't think the spread of the virus is going to go down any moment from now. Better to get some passive income earning source for the time being.

[betty11]

This is the first global global plague of the world I will be experiencing. And I was thinking this will only end up in China never knew it was going upon the world and aims to cripple economy of the world. If things are not done fast, there will be further devastation in the economy.

[ScamViruS]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

Yeah. No one could have thought that Corona would affect the global economy in this way. Corona is now in effect in almost all countries. Businesses in those countries have closed down with the world. Now only the business of medicine is running and everything else is in a very bad situation. No one knows how long this condition can last. The condition will continue to worsen until the vaccine is released.

[Leonardo7]

No one foresaw this disaster that will cripple some economic to their kneels otherwise nations would have been well prepared. When it ht China, the world watched from afar, today it's now dealing with nations and they are forced to close their border. Eventually Crypto will win.

[MCobian]

It is very scary this corona virus, not only can cause death in humans. But in the economic and business world can have a negative effect.
Therefore many people hope that this corona virus will soon be overcome, so it does not continue to spread. But until now there has not
been found a cure that actually cures the corona virus briefly. As we all know, some countries have done a lockdown so that the corona
virus does not spread, the effect some businesses must close. With this way income will be stopped for some time to come. Now the only
way to make money must be from the internet. And maybe cryptocurrency can be a solution for all these problems.

[coupable]

Yeah, most countries did not really take the spread of the virus seriously and now it has overwhelmed them with the number of deaths that it has claimed especially in Italy and China. This has really slowed economic activities worldwide and frankly speaking i don't think the spread of the virus is going to go down any moment from now. Better to get some passive income earning source for the time being.

It's difficult to predict since the spread is already wide and those countries who's being triggered doesn't know what to do.
The only thing right now is to keep looking for any possibilities, passive income are there just needed to make a good assessment
and practice the right process.

I can't really get your point about what you mean by "passive income" during the current crisis.
The right process in my opinion is just focusing on not to be infected or infect others.

[Kurokonobasuke]

How long will it last? What's the antidote for Corona?

We don't know how the virus will last, because the cure for the COVID-19 has not yet developed so that we need to cooperate them not to spread the virus by just following on what our presidents ordered. In addition, prayer is the only thing that we can contribute nowadays, the prayer for all the scientist and doctors that to find a cure, because they do all their best to study and find a cure. And prayer for the volunteers/front liners who are sacrificing themselves to assists people who are in sick or healthy, because it was very dangerous and they are also prone with the virus. Let's fight and pray for the virus.

[Polar91]

How long will it last? What's the antidote for Corona?

It depends on how our government handles it. If we can be like China, probably within 4 months we can go back to normal but we are not like them because the law enforcement in various countries isn't enough to really make people disciplined. In terms of its antidote, there is no specific antidote had been patented nor relsesed by the world health orginazation nor local health group as it takes a lot of process to do that. Alternatively, there are health measures that are available already to contain this kind of virus.

[carlisle1]

actually i am not believing that Corona Kills more economy because the spread is still being fight by each country and giving preventive measures for not to grow more.

yeah most of economy is downing now but i am sure there is more benefit from this,look at the nature now?the air is cleaning and the nature is greening because of lesser pollution.

and we can make it better soon with the help of each other,for now let us continue the support in crypto market so it wont fall more while we are waiting for the rebound.

[Eugenar]

This COVID-19 is really disaster to our world, it really affects so many lives, businesses, companies, etc. The community quarantine makes people stay at home and do not work temporarily and that is the reason why so many businesses that gets fall. That is also a reason why the price of the bitcoin or any other cryptocurrency falls, even though cryptocurrency is decentralized system, it is still included to the affected by the virus.

[tbterryboy]

I am also worried about this Corona virus issue because I am wondering how people are going to be able to get food when it hits my location.

It is not going to be easy mehn, except for those who are rich people , they are going to stock up food in their house and enjoy but the people who don’t even have money for food not to talk of savings or extra food stocked up in their kitchen, these are the ones that are going to suffer it. This is why I really hate this issue of Covid-19 because lots of people, innocent people, are going to suffer from it.

I pray to God everyday that a cure be produced to stop this sickness.

[ser7878]

This COVID-19 is really disaster to our world, it really affects so many lives, businesses, companies, etc. The community quarantine makes people stay at home and do not work temporarily and that is the reason why so many businesses that gets fall. That is also a reason why the price of the bitcoin or any other cryptocurrency falls, even though cryptocurrency is decentralized system, it is still included to the affected by the virus.

I am afraid economy won't recover in couple years after such fall. Like imagine how many big and small businesses were affected and still are (and will be in the next couple months).
bankruptcy of some companies is just inevitable