Pandemic Coronvirus Impact On Global economy

[AniviaBtc]

Global economic demand remains controlled by the government but at a time when this situation seems to be difficult to increase because almost all governments are focused on handling Covid-19 which is still to be resolved and therefore we don't know when this economy will be stable. the government is still confused now to look for Covid-19 prevention solutions.

Stock market are going down because of this Covid-19 so I don't agree that the demands remains controlled. China is the only one who can control their economy because of the products and goods came from them, they are the no.1 manufacturer of some products that's why their stock market and economy is constant although the Covid-19 originated from their country.

Government really doing their best just to authorized this pandemic and I know that some people are still blaming the government for the lack of support that they give in the community. People are starving and getting sick as they don't receive any support and help on the government. The authority is still trying their best to handle and lessen the spread of this virus, let us follow what they've ordered for us to do.

Always stay at home and don't go outside if you will just stay outside. Let's help the government to resolve this and stay at home to slower the risk of spreading the Covid-19 virus.

But only at this time the cryptocurrency market is recovering a bit whether this is an effective way to use it when people are not allowed to come into direct contact with each other.

That's right, because all that matters now is the cryptocurrency, it can be used as a payment so that people are not necessary to go outside just to pay their bills and delivery. You can use cryptocurrency to buy goods and other things that is necessary during quarantine.

I think this pandemic is the key for the decentralized economy, most especially bitcoin is the most used cryptocurrency in the market. Global economy is affected because many countries are affected by this virus that's why governments are panicking because they are having a hard time managing their funds for its people. Cryptocurrency will become more popular to invest if they knew that the global market is crashing due to the virus.  But bitcoin is somehow useful nowadays, as people are not allowed to go outside and buy some foods with fiat because it is dangerous to have a physical transaction with another person. That's why digital currency such as cryptocurrency are the most used in many transactions.

[Viscore]

..... maybe for the big economies they are ready.

No country is ready for this pandemic, even the big countries, if they are ready like the US, they should be able to contained the virus but now the infected people are growing in big numbers, US now tally over 500,000 infected people with only few percentage has recovered per report, and this does not look good, it will certainly affect its economy and they'll have to pay the money they bailed out for this corona virus through their people.

[Smitty Werben Man Jensen]

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

[Vishnu.Reang]

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

I don't know how any of this can specifically help cryptocurrency. For example, digital payment methods are being favored now. But that seems have benefited digital fiat-currency based payments (such as Visa and PayPal) rather than cryptocurrencies. Personally, I am yet to see any boost for the cryptocurrency sector, resulting from this COVID 19 pandemic.

[bitgolden]

Blockchain and decentralization would have done absolutely nothing to this. We are talking about everyone staying at home and we are talking about the world economy at the edge of bankruptcy where the whole world would really get screwed with all those people who have to stay at home and not really go to work, how are we suppose to use decentralization to help everyone who got fired because of this as well?

Bitcoin is awesome, blockchain is amazing, decentralization is solution to many problems however let's face the reality that this is a global pandemic that is stopping the whole world economy right now and we are talking about decentralization, if anything this shows how centralization could be used for good and not just evil like it is always used.

[ethereumhunter]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

Still, even Covid-19 can open the door for the decentralized economy, and it needs time before we can see that thing is happening. People knew the other payment method, and even for them who are work from the internet already know online payment method. I guess they still prefer using the way that they already know, but the chance for them to use cryptocurrency will be bigger as we see that now, while we browse to search something, we see the crypto ads everywhere, so that will attract them check the crypto. We cannot say that it will happen in this year or next year, but it will happen after people succeed to know how to use crypto.

[lepbagong]

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

I don't know how any of this can specifically help cryptocurrency. For example, digital payment methods are being favored now. But that seems have benefited digital fiat-currency based payments (such as Visa and PayPal) rather than cryptocurrencies. Personally, I am yet to see any boost for the cryptocurrency sector, resulting from this COVID 19 pandemic.

it could also be true that by staying quiet at home then the introduction of crypto will be easier because everyone is looking for busyness on the internet, which we know crypto relies heavily on the internet network. but the impact has not yet seen as we know that indeed all began to recognize crypto. because after all in a situation like this epedemic corona, everyone has a different understanding. there are those who can accept reality and can relax at home but there are also those who actually continue to worry, people who are in a situation of worry will not be able to think to work, thinking about avoiding the internet so they do not want to know the epedemic corona, and want to relax and not think in that direction .

[imstillthebest]

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

I don't know how any of this can specifically help cryptocurrency. For example, digital payment methods are being favored now. But that seems have benefited digital fiat-currency based payments (such as Visa and PayPal) rather than cryptocurrencies. Personally, I am yet to see any boost for the cryptocurrency sector, resulting from this COVID 19 pandemic.

there is a demand on crypto going on  .

 you didnt notice it  ? why do you think the price are now getting better  ? but that is also true that people look popuar payment methods like the ones that you listed above and not directly on crypto but we shouldnt worry because once people identifed that crypto can do better than they are using they will also get hooked on it  .  like me before i was using paypal but later on i find the advantage of crypto vs paypal , that encourage me to switch between payment methods  .

[Negotiation]

The impact of pandemic coronavirus on the global economy has many implications As a result of this the demand for cryptocurrency is increasing because everyone is working at crypto from home Because of the closure of everything, no one is able to do anything so everyone is leaning on crypto to fix their country's economy That's why the impact of the virus is increasing demand for crypto despite the money.

[repear7]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

In my view the current international financial system is overloaded, many people argue that this pandemic is a massive restart of the world economic system wherein various countries crash financially. We can't wager the subsequent direction due to the fact this epidemic is certainly no longer over yet, it is probably a bad 12 months for any economic player

[michellee]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

In my view the current international financial system is overloaded, many people argue that this pandemic is a massive restart of the world economic system wherein various countries crash financially. We can't wager the subsequent direction due to the fact this epidemic is certainly no longer over yet, it is probably a bad 12 months for any economic player

If this time can be a restart of the world economy, then I think that can lead us to have a new economic system in the future, and there is a new chance for the cryptocurrency to be used in that system. But that will depend on each government because they have the power to agree or not to used crypto, but if they can approve the crypto, that will bring new hope for the people. People will have another chance to make money, and they can also have an opportunity to have another option for the payment method.

[YOSHIE]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

if you talk about (decentralization); You have to know from the meaning itself, which is called decentralization.

COVID-19, when viewed at this time is indeed unsettling both from the lower classes to the government,,,talking about the current economy.
indeed all sectors are paralyzed, but if the central government decentralizes local governments, power, may help the existing community's economy a little, but it does not escape the assistance of the central government.
Example:
Regional autonomy, local governments have full rights to manage their respective regional economies.
I am sure that if decentralization has an impact on COVID-19, it is likely that the regional government will have a positive impact on COVID-19 sufferers, automatically, economic assistance can be reached directly to remote communities in need.

[cosmofly]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

That is never happening. The decentralized market is only for the gangsters and it has always been like this. During the economic crisis, cash flow will slow down and there will be no more demand for financial markets. People will focus on producing and trading staple goods. Don't trust the crypto market, it's all a trap from the whales.

[VNX_Exchange]

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🗓 April 23
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[kotajikikox]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

I have read some thread that the demand in Bitcoin increases and also the search Via Google multiplied by 3 or 4 am not sure.
this means now that people has no other options they are seeking for comfort way Paying their needs without holding Money or physically afraid of being infected.
with this proves that Crypto is a best option and soon may recognized by much many people to use than Fiat,.

[semobo]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

Decentralized economy and social distancing? Whats the relation here !

This pandemic increases the digital transaction and even many government said that, so more people are moving towards digital payment but they are just moving from physical money to bank transaction so which never increases the need of decentralized payment yet.

[Reatim]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

There are some news about the growth of people entering the market since the Lockdown implemented but still we find no growth in the prices.

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

2017 will never be repeated instead we will make another Year to remember,and this is the start because right after this Virus economy will renewed and crypto will also make way to the top again and just wait to happen.

[Wenbing]

People have no choice other than trusting their government at this situation so this is not the real decentralization but economically it can be a way for people to realize about upcoming pandemic situation and move on the decentralized economy.

The. government runs on centralization mechanism while the market can be either planned or market mechanism.

But, this pandemic has make us to know that in terms of economy capitalism is not enough, but I miss of capitalism and socialism will be just fine.

When it comes to currency, crypto trend to be self sustaining than fiat.

[kogozer714]

That's all government policy with a pandemic like this, we don't have the ability to fight. a large portion of a country's economy will be shaken by the existence of such a pandemic with the presence of covid-19 which is experienced by almost all countries. all will compete to find solutions in finding medicine

[TheGreatPython]

Interestingly when you are talking about decentralized economy being for gangster and thinking how crypto market is trap from whales, you are in bitcointalk and talking about crypto in between thousands of other bitcointalk members who like crypto. Surely there are people who have lost money in bitcoin, some people invested and the price went down and they sold and that is why we can say bitcoin has lost money to some people.

However you do realize that there is literally nothing that stopped you from buying 10k bitcoin 8-9 years ago and be super rich right now right? I mean you could have bought during that period and nobody could have stopped you and you would have millions of dollars of worth in bitcoin right now, as you can see that is why we like bitcoin, it is unregulated and its decentralized.