How long this crisis will be?

[maxdin]

I think this crisis will ended soon because China have announce for Wuhan region will back normally and their people there have out and get activities like usually, I think with other country will back soon and get normal activities every time. Now we are waiting with bitcoin and altcoin when back to higher price.

I believe that everything will depend on how the most developed countries cope with the epidemic. China has introduced very stringent restrictive measures for its citizens through the military and face recognition systems. This led to a very rapid localization of the virus and its elimination with the help of hospitals. On the example of Italy, we can see that countries are not ready for something like China.

I think it is not that the countries are not ready to do something like China but China started early enough to start the fight without waiting or procrastinating about it. This was how they were able to curtail it.

But the point is - every country will suffer a lot from current event.
Current economy system does not stand any pause or slow tempo.
Even if we live through this phase without big default - we'll have to fight aftermaths for several months

[Kurokonobasuke]

The Coronavirus started at the month of December 2019 at the Wuhan, China the epicenter of the virus. But as we noticed before to know that virus many people in china are spreads throughout the world so that it is difficult to tracked them their locations.  At this moment the total case is almost 860,000 and maybe continuous to grow up because some of the countries does not yet finished to test those individuals. I hope in the month of June the virus will be done, but we cannot sure with that because there’s no direct cure for the coronavirus.

[meto012]

For the people in this community that understand spanish, I wanted to share this video I created yesterday comparing the current situation with the different crisis we had in the last 100 years
https://www.youtube.com/watch?v=rs5Yyvih14M&list=PLz_NVO61eqw70kA4Z9z854OoyibpDpOuq&index=2

Do you think it will be uglier than the others?
All feedback is welcome to keep improving!

the current situtation is different from other crisis we've had back then.
Because now we are in the good position economically, but we just have to stop everyone from working which will lead to huge debts and companies falling apart, govs incur losses.
We'll have to work it out hard in several month

[Debonaire217]

I believe that everything will depend on how the most developed countries cope with the epidemic. China has introduced very stringent restrictive measures for its citizens through the military and face recognition systems. This led to a very rapid localization of the virus and its elimination with the help of hospitals. On the example of Italy, we can see that countries are not ready for something like China.

I bet the country Japan have already created a vaccine that could be effective to make the pandemic victims cured. In this case, I highly believe that it is really effective because not to advertise Japan, they are quite absolute in this kind of aspects, their discipline is really serious so there's no doubt that they can actually create something to help cure this pandemic.

So, with that all being said, answering the question how long would this crisis will be, from my speculation, it will be 3-4 weeks, till countries announce positive news concerning this virus.

[TitanGEL]

As long as there are many covid-19 infected persons, the cirsis will not yet end. We should expect more crashes in all financial market because the virus is still spreading in different countries. Right now there approximately 800,000 plus active cases around the world and it is not yet the worst because the virus is really contagious. This crisis is worst than the 2008 crisis. I think it will take more months or even a year in order to fully recovered in this current crisis.

[Btc_1856]

As long as there are many covid-19 infected persons, the cirsis will not yet end. We should expect more crashes in all financial market because the virus is still spreading in different countries. Right now there approximately 800,000 plus active cases around the world and it is not yet the worst because the virus is really contagious. This crisis is worst than the 2008 crisis. I think it will take more months or even a year in order to fully recovered in this current crisis.

The virus is spreading very quickly, which there are many countries losing their financial crises by lockdowns. In the coming days, we might see more members will be affected by this Corona Virus, I hope it will easily take more than a year to recover the looses now we are facing. Many financial institutions will start firing the employee. Through this Covid-19, already the crises have been started.

[Subbir]

For the people in this community that understand spanish, I wanted to share this video I created yesterday comparing the current situation with the different crisis we had in the last 100 years
https://www.youtube.com/watch?v=rs5Yyvih14M&list=PLz_NVO61eqw70kA4Z9z854OoyibpDpOuq&index=2

Do you think it will be uglier than the others?
All feedback is welcome to keep improving!

the current situtation is different from other crisis we've had back then.
Because now we are in the good position economically, but we just have to stop everyone from working which will lead to huge debts and companies falling apart, govs incur losses.
We'll have to work it out hard in several month

How long this crisis lasts is difficult to mention But if we exerting after controlling the virus that has damaged the planet economy the damage is often minimized to some extent. However many will agree. that's why the govt has got to choose this.

[exstasie]

New estimates are in from the IMF. They say economic recovery is unlikely until 2021. In other words, we're looking at another 2008-2009 situation:

The International Monetary Fund has declared that the world economy has now entered a recession and recovery is unlikely until 2021. As many as 25 million jobs could simply disappear and the world could lose some $3.4 trillion in labor income.

Trump just told Americans to brace themselves for a "very, very painful two weeks."

https://www.nytimes.com/2020/04/01/world/coronavirus-news.html#link-6d896d35

[travwill]

How long this crisis lasts is difficult to mention But if we exerting after controlling the virus that has damaged the planet economy the damage is often minimized to some extent. However many will agree. that's why the govt has got to choose this.

The fight against viruses directly kills the economy, because the main control measures are universal isolation.
Obviously, the rest of the world will remain at home, leading to an even greater recession.

[nosferzd]

The virus is spreading very quickly, which there are many countries losing their financial crises by lockdowns. In the coming days, we might see more members will be affected by this Corona Virus, I hope it will easily take more than a year to recover the looses now we are facing. Many financial institutions will start firing the employee. Through this Covid-19, already the crises have been started.

The saddest thing is that the virus has not yet affected many countries in such a volume as China, Italy or the United States, but there is already a complete destruction of private business. Many are fired by an employee and shut down their business. “More than a year” for recovery is an understated amount of time! For many, this will not even be a recovery, but a launch from scratch.

[FlightyPouch]

Unlike the old days, we our medical approach and technology is more advanced. Let's just hope that  the news that there is already a cure for Covid is real and that countries who were able to create one will lend a hand to other countries without putting money first.

China just did right? They sold a lot of test kits to Spain and as expected, a lot of those test kits are faulty. It is not a cure but it is a good reaction based on the numbers being shown by WHO. China has the highest recovery rate in the world right now and obviously, they ould really approach the country for that. Despite the technology being more advanced, we can't really fight a virus that easily especially with people not following policies about this.

[Genemind]

Everything won't end once they find a cure for this virus. We all know that the global economy has been damaged so it will take time for it to recover. It will take time before everything gets back to normal and that's a sad fact that we have to deal with. The number of infected people is still increasing in each country which is really alarming. If countries will unite I'm sure that most of us will survive this crisis.

[Jateng]

Everything won't end once they find a cure for this virus. We all know that the global economy has been damaged so it will take time for it to recover. It will take time before everything gets back to normal and that's a sad fact that we have to deal with. The number of infected people is still increasing in each country which is really alarming. If countries will unite I'm sure that most of us will survive this crisis.

If everyone participate to control this pandemic soon this crisis will end. All country are now doing their task to prevent this pandemic and lockdown have been implemented. Everyone must do self-quarantine, its takes about 10-14 days to come out the symptoms.

Global economy can recover but if people is they died will not. We should focus first in prevention not how economy will recover. I think lockdown will be effective if people will cooperate, they should start with themselves. I hope this April our country will free to the virus as well as other countries.

[Negotiation]

I agree with you but I don't think this crisis will end so soon All countries are trying to tackle this but nothing is possible As the days go by, the virus continues to grow. Every country is spreading to one country, while one country controls it. Even with some control during this month it cannot be tightly controlled Despite being brought under control by China it is again affecting China.

[ethereumhunter]

We don't have to ask about when this will over because no one will know the right answer. What we need to do now is always make sure we are safe, we can protect ourselves and our family from the virus by doing something. I don't need to mention about what we need to do, but as long as we can keep healthy and manage our life to have immune, I think we will be safe, and we can protect our body from any virus. Maybe the virus will end in the middle of this year or next year, but that will not work if we cannot keep our lives safe.

[iv4n]

We don't have to ask about when this will over because no one will know the right answer. What we need to do now is always make sure we are safe, we can protect ourselves and our family from the virus by doing something. I don't need to mention about what we need to do, but as long as we can keep healthy and manage our life to have immune, I think we will be safe, and we can protect our body from any virus. Maybe the virus will end in the middle of this year or next year, but that will not work if we cannot keep our lives safe.

Well you are right about what you said, we need to be safe, and some of us are. We still have some income, saving, we can buy what we need and stay at home! But, there's but here of course, many people are without work, without saving, and without any source of income left. People who lived  from day wage, and their families, those people are in huge problem now.
Economy is falling apart, something like this never happened before. There were drops, but never to zero! Many companies and different businesses stopped working, people don't spend money like before, we buy only what we need, and we save the rest.
Global economy took a hit, and I am afraid that that hit will not be the only one. The effects of global lockdown are visible already, and I think it will become much worse before we see better times again.

[Sadlife]

I dont think so, we have much more advanced technology compared in the old ages where it takes a 5-8 years or even decade to find a cure. Right now, with the thousand of research and medical scientific advancement. My guess is it would take 1-2 years.
But hey, who knows maybe some pharmaceutical company already built a vaccine and this is all part of their scheme.

[exstasie]

But, there's but here of course, many people are without work, without saving, and without any source of income left. People who lived  from day wage, and their families, those people are in huge problem now.
Economy is falling apart, something like this never happened before.

Ever seen a US senator and presidential candidate call for freezing rent payments? That's how bad it's gotten. https://twitter.com/BernieSanders/status/1245518423351853061

And yet the markets are rallying! Crude oil is up 40% over the past several days, and the US stock market doesn't seem to care that over 6 million people are unemployed.

This stuff is taken straight out of the Twilight Zone. Nothing makes sense when the Fed promises to pump trillions of dollars into the market.

[Averim]

The virus wont disappear and entire financial systems are influenced by it. Considering the fact the virus will be something similar like the flu (as frecventi) probably the crisis will be till autumn, until financial motors start to work at full power.

[wozzek23]

There is this timeline that people are talking about where the virus number will continue to go up for a little bit more while, maybe like a month or so, at most two months, after that it looks like the number of cases that gets infected will not really change too much but the amount of people who dies will go down.

Humanity basically will get used to this, viruses never really go away and stop, we just adjust to it enough. Think about it this way, before you get a flu, you get a flu shot, what is that?

Basically it is a small flu itself, it gives you an example to your body so your body gets ready for the real one, it trains your body to be stronger against it. Well, we already have corona going around, as long as we keep beating it the amount of dead will be less because people who might die will eventually die already.