The pandemic outcome

[Twentyonepaylots]

At least before this pandemic happens you already have a reserve of savings in the form of cash or assets in crypto to support your life.

Bruh not everyone is capable of saving and preparing in this kind of crisis, poverty has been the broadest and complex problem of all time even the rich people suffer these days are there are limited number of goods to buy in the market. Saving is hard these days or even before as inflation is getting high, products prices does the same too, and saving just keeps getting harded.

This disaster indeed makes all people almost not allowed to leave the house and work as usual, but there are some countries that do a lockdown system but bear all the necessities to survive.
and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.

I heard there are some institution that lend their money to the people even without uncertainty of paying it back to them which I find very advantageous of the current situation is, and it sucks.

[fiulpro]

I think we all can agree that we all are in a place like you . That is what a common man is thinking . But what makes us different is our flexible nature to adapt to things like cryptocurrencies and other non traditional stuff.
Therefore I do think till the time we are in quarantine we can put some time in thinking about a business idea that could prosper in the future.
Take for an example , if you live in a rural area , you can set up a food delivery site , with a narrow margin for the locals , which would benefit everyone  with the quarantine everyone is suffering , you will benefit the farmer , the consumer and you can then start charging additional fee for the delivery relax , think about something because no matter how much you could have to sell , one day it is going to be depleted.

[bitbunnny]

At least before this pandemic happens you already have a reserve of savings in the form of cash or assets in crypto to support your life.

Bruh not everyone is capable of saving and preparing in this kind of crisis, poverty has been the broadest and complex problem of all time even the rich people suffer these days are there are limited number of goods to buy in the market. Saving is hard these days or even before as inflation is getting high, products prices does the same too, and saving just keeps getting harded.

This disaster indeed makes all people almost not allowed to leave the house and work as usual, but there are some countries that do a lockdown system but bear all the necessities to survive.
and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.

I heard there are some institution that lend their money to the people even without uncertainty of paying it back to them which I find very advantageous of the current situation is, and it sucks.

Probably many financial institutions will adjust to situation and start to offer special loans for people that are affected with crisis, even some governments make recovety plans for their citizens.
However, I'm not sure how convenient this is going to be and if at the end this is not going to be another trap.
The best is if you have some kind of savings for the rainy days but I'm aware that not all people can afford that.

[AmoreJaz]

I think we all can agree that we all are in a place like you . That is what a common man is thinking . But what makes us different is our flexible nature to adapt to things like cryptocurrencies and other non traditional stuff.
Therefore I do think till the time we are in quarantine we can put some time in thinking about a business idea that could prosper in the future.
Take for an example , if you live in a rural area , you can set up a food delivery site , with a narrow margin for the locals , which would benefit everyone  with the quarantine everyone is suffering , you will benefit the farmer , the consumer and you can then start charging additional fee for the delivery relax , think about something because no matter how much you could have to sell , one day it is going to be depleted.

i guess we have a lot of time now to think what we can do to supplement our basic needs..and lucky for the OP who has no family yet. being single has many advantages in this situation. but of course, you still have to prepare yourself for the next 6 months or so. we dont know how long businesses will suffer this crisis...
listing your possible sources of income and your approx expenses per month might help in getting the idea how far you can live with this situation..just to get the real picture of your situation

[Monteja]

Stability is in the one who calculates the risks and is engaged in such activities that will provide him with food, water, heat and home, even when everyone else has a crisis. I can say that the best is farming on our own land. In this case, you are provided with almost everything you need for life.

[desertfox470]

I think instead of saying no completely to loans to not take to many. It's very easy to say not to take them, but if there is zero money in your bank account you may feel you have to. The most important thing to do is to do it smart and don't take them if you don't need to. If you do have to take as few as you can and shop around for the best interest rate.

[lienfaye]

Well we can still return to our job after this pandemic but the current problem is the policy of some company that is no work, no pay. Sure the food is not a problem for us, but what im worried about is the pay for our monthly bills e.g. house rent, electricity, water etc.

At times like this its really important to have a savings so incase something happen you have money to count on. I just hope the virus vanish as soon as possible because most people here are just counting with their salary and no savings at all.

[Subbir]

I think the result of this epidemic are going to be much worse Although the virus is cured within the whole world it'll take an extended time to beat this condition Everything about citizenry is now nearing its end There are more days how long they will occupy home like this. If everything isn't paying off the loans by the banks now, there'll be times outside to satisfy the requirements of the people and therefore the consequences are going to be worse.

[Genemind]

People are deprived of what they want and usually excessively or unnecessary things they buy. After the pandemic, the economic crisis will cone since most businesses closed down and some will resume their operation. Many employees will be laid off with lesser opportunities to have a job right away. Save all the money you can and buy only the things you need. If possible, do not borrow money.

[abhiseshakana]

i guess we have a lot of time now to think what we can do to supplement our basic needs..and lucky for the OP who has no family yet. being single has many advantages in this situation. but of course, you still have to prepare yourself for the next 6 months or so. we dont know how long businesses will suffer this crisis...
listing your possible sources of income and your approx expenses per month might help in getting the idea how far you can live with this situation..just to get the real picture of your situation

I agree with you, at the very least, we must think for the next 6 months, whereas seeing the condition of China that has returned to corona positive after green makes me worry that the pandemic solution is still very long.

It is not only the government that has to fight extra to patch up economic compensation due to corona, but the people must also bear the impact of Corona, stimulus and government assistance (direct cash assistance) is very helpful especially the lower and lower classes to survive the next few months even though the amount is inadequate.

We take the example of simulation in Indonesia. According to the government, the peak of the coronavirus was the end of April so the health emergency was enforced until May 29, 2020, we assume the end of July is green, the month of September starts running, but in September Indonesia production will not run 100% because it is still in the healing stage. So around 50% are active to meet domestic consumption with a focus on food security and the economy.

Conditions, where there are only 50% active, can be a momentum for the state and people to overtake the corner, especially since Indonesia is a country rich in natural resources, so from the beginning, it was forced to be independent to be used as a state habit.

For now, saving is the best step not only on the basis of our interests but also in order to be shoulder to shoulder with those around us facing difficulties that occur due to the Corona pandemic. The real sector is the right thing to start investing in times of crisis, because we can really know what our customers need and whether our investment strategy is successful. Back to 50% of active industries after Corona, we can take this opportunity to start a small business so that the family economy, environmental economy and the economy of our country can turn the key is to focus on growth not on after corona conditions.

[Yatsan]

Well we can still return to our job after this pandemic but the current problem is the policy of some company that is no work, no pay. Sure the food is not a problem for us, but what im worried about is the pay for our monthly bills e.g. house rent, electricity, water etc.

At times like this its really important to have a savings so incase something happen you have money to count on. I just hope the virus vanish as soon as possible because most people here are just counting with their salary and no savings at all.

Savings are most of the people are missing when it comes to scenario like this. So many people are getting hungry cause they are not prepared on moment like this, I hope after this more people are going to start in investing. Another thing is remote working! many people are not aware that there are job that is available on the internet so that you can work from home, I think people now are going to be open in this kind of work, and a lot of them are going to be curious about it because of this pandemic. The outcome of pandemic is bad but, like it or hate it, it's an eye opener for the public.

[Latviand]

There will be extreme tightening of belts right after this pandemic. Lucky for you because you have no family yet. Basically, you are just looking after yourself. That would not be as hard as those who have families to feed and support and send to school. I hope the economy will recover rather fast after this crisis. For the meantime, we will have to reduce our expenses to the very basic. It is best to stick to needs for now and set aside wants. There is an urgent need to stretch our finances to the maximum. If you have some spare investment money out there, never leave them in fiat or in the traditional market such as stocks. You might want to consider gold or Bitcoin.

right, we have to take care of ourselves to look after the family, considering that this plague is easily spread through inanimate objects. and if this happens too long then the global crisis is inevitable, so we need to secure the assets we have. when gold has soared the price, people will be anxious to buy it back. and this is a gap for bitcoin to win the trust of many people to increase its price, moreover crypto transactions are carried out digitally so that it is safer for this pandemic

Proper budgeting is very essential during this crisis, as it will help you survive this pandemic even if you have a limited resources. Global crisis is the possible outcome of this because most of the countries affected by this virus is also experiencing downward movement in their economy, most especially their stock market. That's why as long as possible, prioritize your necessities and prioritize the health of you family, never hesitate to spend your money in those valuable things. Never let your greed to buy your wants prevail, manipulate your emotion and control yourself so that you don't spend you money in gambling or in useless things. Most especially that we have no idea when this Covid-19 pandemic will end, we never know until when this will last. As much as possible, we need to secure our assets until everything goes back to normal again.

[Negotiation]

Yes, we still have some opportunities to do something so we should save some for our own protection We have no idea what the outcome is going to be like in front of it However the government has taken more stringent measures to reduce the number of them or to increase everything. When the epidemic is over it is not easy to overcome The economy of every country has been disrupted.

[imstillthebest]

hell yes  . crisis are part of our lives  .

 expect after this one there will always be  another one but im not wising it will happen  , im only saying the possibility   because you know its hard when there are crisis , people are suffering especially poor    .

 i think one thing for sure that once this pandemic has done , people can go back on thier normal life again   . working normally  , playing and going outside  , etc  . there is no point to be negative for now mate   .

[o_e_l_e_o]

So many people are getting hungry cause they are not prepared on moment like this, I hope after this more people are going to start in investing.

That's the wrong advice to be giving. You shouldn't be looking to investments when you don't have any basic savings. It's worrying the number of people on this forum who have been talking about selling their bitcoin, selling stocks and shares, taking out loans, etc., just to make it through this lockdown. Selling assets because you think the market is going to crash is one thing, but selling assets because you can't afford to pay rent or buy food is another thing altogether. The old saying of "Don't invest what you can't afford to lose" is apt here. If you need to sell your bitcoin just to be able to buy food, then by definition, that is money you can't afford to lose.

As bullish as I am on the future of bitcoin, you shouldn't be spending your rent money on it. This lockdown could well go on for several months. Budget appropriately.

[CHENIEN]

budgeting is the best factor to overcome these economic crises to reduce more cost for daily needed and besides this is the time for traders to decide by making a quality plan for buying because we are all in line with losing on our weekly or monthly income. Since this pandemic virus impacted our countries some investors are out of coverage but I think cryptocurrency is still open a lot to help people by using digital payment for whatever we like upon waiting for this situation back to normal condition.

[Kasabus]

hell yes  . crisis are part of our lives  .

 expect after this one there will always be  another one but im not wising it will happen  , im only saying the possibility   because you know its hard when there are crisis , people are suffering especially poor    .

 i think one thing for sure that once this pandemic has done , people can go back on thier normal life again   . working normally  , playing and going outside  , etc  . there is no point to be negative for now mate   .

Hopefully things will be back to normal again but the problem is when will this pandemic ends. For now, it's best to prioritize all those basic needs that are necessary for our survival and leave those not so essential things. We should save more these days so we will not be totally empty pocket after this pandemic is over.

[FanatMonet]

Now you need to minimize costs, and save cash in order to create a financial pillow for various situations. Now you need to abandon any excess, and you should buy the simplest food that could be stored for a long time (various cereals, pasta, canned food).

[FlightyPouch]

It is very likely that we will be soon witness another crisis after this pandemic event many people around the world are becoming jobless, in other word no financial to face the reality when this such phenomenon exit, add up the mortgage and bills to pay for, it is sure pain in the back to workaround and see what we can do for the upcoming month during this pandemic.

This is true but there are still those kind hearts that still exist. Some of the companies of electricity, internet, and ISPs, etc are said to delay their bills and might even consider reducing the payment of their costumers here. It might not be that convenient but still, I am just happy that in a small way, they can help. The government is doing something though it is not enough. People are having doubts about their leadership skills and since people are usually in their houses stuck in front of their TVs, PCs and mobile phones, the power of media is soo powerful. This also affects in a way since with a simple announcement people are looking it in a bad way making it hard for the government to maintain and contain the virus resulting in a longer quarantine nad lockdown period and that also means the high effect on the people and the economy. Media is so powerful right now, I just wanna emphasize this since a lot of people are so pumped because of there fake news circulating on many social media platforms.

[Yamifoud]

The pandemic isn't stopping till now and this not a perfect time to involve at any high-risk investment but rather to save our money for the possible worse scenario that might happen in the coming days of this outbreak won't be settled down. It was unfortunate that the coming halving will help to rally the market surging it high but it possible that we still be at low, unlike the previous halving. I'm not saying that I was hopeless but I have to think that we might see more dumps if more people will turn into panic selling again.