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Author Topic: The pandemic outcome  (Read 1901 times)
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April 07, 2020, 03:10:03 PM
 #41

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.
The point is don't miss the halving that will happen next month because my view will make improvements to bitcoin after that happens, even though this is a difficult time during a pandemic but it is better to set aside a little money for investing in crypto I am sure will return good rewards after halving occurs .

Although this is difficult to do because there are many needs in us, but I hope you can do that now before prices soar again.

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April 07, 2020, 04:36:14 PM
 #42

It is funny to see the markets recovering right now, honestly I am pretty bearish on the stock markets right now and I am half bearish on crypto as well, crypto is totally different from stock markets and even though we reacted all together at the same direction downwards this time around that doesn't mean that it will always be downwards together each time.

So next time there is a fall on stock markets, there could be an increase in crypto, or maybe won't I don't know, which is why I am only half bearish on crypto but full bearish on stocks. How do you expect the stocks, tied to companies, who sell stuff to make money, profit when nobody has money because those same companies fired people? These are billion dollar companies, they should have figured it out that firing people eventually leads to less sales.
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April 07, 2020, 06:14:03 PM
 #43

We need to cut down on our expenses, travels and fancy things atleast for next 6 months until things get back on track. I would just go back to the basics and try my best to be on old school survival method and stock up grains and food which are non perishable as we will see stunch increase in inflation post this pandemic and I am sure this can be dealt if we go on cost cutting spree.

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April 07, 2020, 06:18:08 PM
 #44

Getting online jobs for the time you are staying at home is a good way to overcome quarantine and cuts on your income.
However, it is very important to get advantage of this time and improve your skills and abilities of your ordinary job.
The online jobs have been decreased significantly as well due to coronavirus.
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April 07, 2020, 07:26:04 PM
 #45

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.

For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.

How about you give me your thought on this event  I might be adapt your idea and get some of it to surest my stability when the time comes,
Selling your Bitcoin now wouldn’t be a good idea, unless you have other things to sell, maybe you can go ahead and sell those, but not Bitcoin ( even the stock has been recovering). Now can be a really good time to start saving your coins and any other asset or stock that you have purchased before now. Save them and see whether the market would keep going up.

Bitcoin finally crossed to $7,000 after taking long in the price range of $6,000, and the way I’m seeing it, the price will keep going up. I’m also looking forward to May when the Halving will take place, there’s likely going to be an increase then.

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April 07, 2020, 07:34:30 PM
 #46

Getting online jobs for the time you are staying at home is a good way to overcome quarantine and cuts on your income.
However, it is very important to get advantage of this time and improve your skills and abilities of your ordinary job.
The online jobs have been decreased significantly as well due to coronavirus.
Lots of people are now trying to work with their capabilities landing job online, like what you have said it's time to enhance and develop those skills that you currently have to be more competitive, after this pandemic virus we are not sure if we can go back to the previous job that we have, since most of those businesses either will closed or cut some employee to continue their business.


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April 07, 2020, 08:11:58 PM
 #47

Indeed, many have even left their jobs due to this pandemic and many have been laid off but, in time I think the crisis will definitely be overcome even though it cannot be resolved quickly but at least the government has another way out with many programs that might be made it will at least ease the burden on the people themselves. Moreover, there are still many workplaces that are exempt and can still operate normally in the midst of this pandemic, so I think the economy can still recover and the crisis is hopefully coming to an end.


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April 07, 2020, 08:58:17 PM
 #48

Indeed, many have even left their jobs due to this pandemic and many have been laid off but, in time I think the crisis will definitely be overcome even though it cannot be resolved quickly but at least the government has another way out with many programs that might be made it will at least ease the burden on the people themselves. Moreover, there are still many workplaces that are exempt and can still operate normally in the midst of this pandemic, so I think the economy can still recover and the crisis is hopefully coming to an end.

Government programs? Like injecting more and more money out of thin air? Printing new notes?
Economy will only worsen and I do not see us all recovering from these situations at least till the next 5 years and even printing this money will only get them under super-debts. Jobless people are crying for food atm and not jobs, those who are continuing their jobs at home are also experiencing almost same conditions. The way we are now caged like animals in our homes makes me feel that we are animals. I hope we will see ourselves roaming outside our home very soon. Though, there's one great thing happening from all this and that is about our nature which is now free from air and noise pollution, our ozone layer is also getting healed due to this lockdown.

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April 08, 2020, 02:09:16 AM
 #49


 For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
 

 You are not the only one who are upset because of this crisis situation we are right now. If you left out no choice but to sell off your things, or just like others who sell their hold coins even in this dump market. There is nothing wrong with it as it is for your survival in this pandemic crisis.
 
 We can still go back to normal after this. I know there are lots of jobless human being right now but if we just cooperate with the government to stop the spreading of this virus, the sacrifice we have given will have a good outcome soon.

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April 08, 2020, 02:54:44 AM
 #50

People have to rely on the government better than before.

I know that we should be responsible with ourselves but there are those that can't still do that and with them right now that they can't go to their jobs or works, they will not be able to provide for their family but those foods and supplies the people and the government are donating or giving. These are tough times but we should be strong. For now, better keep your fiat, save it while you can. We never know how long it will last so better save the food you all have, don't be shy to ask for food with those people that can share and give, especially if you and your family really need it.
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April 08, 2020, 08:57:20 AM
 #51


 For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
 

 You are not the only one who are upset because of this crisis situation we are right now. If you left out no choice but to sell off your things, or just like others who sell their hold coins even in this dump market. There is nothing wrong with it as it is for your survival in this pandemic crisis.
 
 We can still go back to normal after this. I know there are lots of jobless human being right now but if we just cooperate with the government to stop the spreading of this virus, the sacrifice we have given will have a good outcome soon.
indeed at this time we can only survive to live, but there are also many new wealthy people because of this crisis, they can take advantage of opportunities to collect wealth. but indeed most people are in an economic crisis right now, moreover many companies are laying off their employees


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April 08, 2020, 09:09:41 AM
 #52

It's all up to the government to aid those who are in needed, people will have to have faith in the government after the pandemic. This will also be a wake-up call for those people who voted for useless officials. Dueing the pandemic a lot of politicians had disappeared from the eye of public without even aiming to help people as what they have promised before they were elected.

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April 08, 2020, 12:11:37 PM
 #53


Indeed, after this pandemic coronavirus, many people did not have a money to get started in their lives. Because during the lock down all the establishments are closed so that there’s no way to earned money. But before the lock down comes, I just invested my cash at investing platform and the price on that is very low so that I must wait until the market price will go up. I hope that after this crisis everything will get back to normal and also the market price, because I used my earning profit on the investment as my started for a new life

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April 08, 2020, 12:37:08 PM
 #54

It's all up to the government to aid those who are in needed, people will have to have faith in the government after the pandemic. This will also be a wake-up call for those people who voted for useless officials. Dueing the pandemic a lot of politicians had disappeared from the eye of public without even aiming to help people as what they have promised before they were elected.
and we have all option but to follow the government or being punished because in My country there are new Laws implemented just for this Lockdown and if you violated is you will surely go to Jail.

But Don't just rely In government,if we have some extra amount or foods try to help the most needed in your community so they can at least have foods in table while you have plenty .

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April 08, 2020, 07:54:12 PM
 #55

If you have been engaging in good bounties, slowly buying good coins and not dead shit, and your lifestyle been adjusted to suit the current reality, then you have no fear to fear. Crypto will be a real game changer for those who are well positioned. Many people and families are going to be homeless after this pandemic and my useless government don't care as long as they have fund to loot.
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April 08, 2020, 08:27:42 PM
 #56

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.

For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.

How about you give me your thought on this event  I might be adapt your idea and get some of it to surest my stability when the time comes,
Honestly, there is nothing much you can do unless the government provides you help. Government of some countries are helping their people during financial crisis. Don't know where you are from, but get to know if there is any kind of aid/program going on to help people financially.
Don't waste anything or don't do anything stupid. Keep your savings with your and spend only what you have to spend. Don't go mad investing on crypto currencies with the hope of making huge profit after the pandemic is over. Know your situation first and then invest.

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April 08, 2020, 09:14:02 PM
 #57

How about you give me your thought on this event  I might be adapt your idea and get some of it to surest my stability when the time comes,

The most important thing is to try to save money as much as possible. Yes, it's hard to save while no new money is coming that's why use and spend the remaining money only on those important matters. In other areas, the government can still give assistance so used them wisely too.

In a time like this, lots of scams are also riding the situation. They can deceive easily those people who are desperate to double their saved money quickly. That's what you need to avoid as it's a no-brainer to believe in those. Tell also your family.

Selling things is nice too. Try to start at those things your family doesn't need and put it on sale. Of course, you need to sell it at a below-average price for a second hand since you have to understand that other people do have a tight budget too. Try also to think what's the best side income in a time like this, although it depends on the situation of the area. Fortunately here, deliveries are in-demand since people are advised to stay home. Restaurants and other merchants are still open but only on take-out orders. I have 2 motorcycles on which I recently registered for delivery services. One of my relatives uses it as a past-time during his day-off at his work from home.


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April 08, 2020, 09:42:39 PM
 #58

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.

For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.

How about you give me your thought on this event  I might be adapt your idea and get some of it to surest my stability when the time comes,
Honestly, there is nothing much you can do unless the government provides you help. Government of some countries are helping their people during financial crisis. Don't know where you are from, but get to know if there is any kind of aid/program going on to help people financially.
Don't waste anything or don't do anything stupid. Keep your savings with your and spend only what you have to spend. Don't go mad investing on crypto currencies with the hope of making huge profit after the pandemic is over. Know your situation first and then invest.

I think right now investing in cryptocurrencies using your savings is not a smart move. Remember the motto in crypto investments, invest what you can afford to lose. If you can't afford it, please don't. You will find yourself regretting if you did. Just make sure you are in the safe zone first and when this is over, you can loosen up a bit. But right now, you need to think of the worst possible scenario. You have no luxury to waste your resources right now.


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April 08, 2020, 11:43:16 PM
 #59

I have limited my funds from the beginning. I make a priority for urgent needs and never spend money on unnecessary ones. I have heard from many sources about the possibility of a global economic recession, so I prepared everything that I can. FYI, in my city, the prices of daily needs are growing but all of us must stay at home and no jobs. In this condition, we must be smart to manage our money.

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April 09, 2020, 04:00:37 AM
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 #60

I have limited my funds from the beginning.
You have made a perfect decision in this part mate.
I make a priority for urgent needs and never spend money on unnecessary ones.
also a Good Move for your family.
I have heard from many sources about the possibility of a global economic recession, so I prepared everything that I can.
Many people did not see this coming though in News since december everything is been an issue in China but many people did not pay attention.
FYI, in my city, the prices of daily needs are growing but all of us must stay at home and no jobs. In this condition, we must be smart to manage our money.
i think all over the world has the same problem now,all the necessities are increasing so we must really tighten our Belts if we want to survive in this one.

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