The pandemic outcome

[ansarose1]

This pandemic brings serious problems to every country's economy, and also making many people jobless. But in the case of traders and investors, still they can hodl and get money from their investment which is a good thing and advantage about making business with cryptocurrency.

[billykannithi]

The first thing I will do is tighten up unnecessary spending. I will narrow the investment, collect the invested amounts to minimize the outside assets. I will also store strong foreign currencies like USD, CNY for hoarding. I would also buy Bitcoin and strong coins to invest, instead of investing in forex

[Cvetik56]

This pandemic brings serious problems to every country's economy, and also making many people jobless. But in the case of traders and investors, still they can hodl and get money from their investment which is a good thing and advantage about making business with cryptocurrency.

recently I realized that world economy and each country individually are profiting from investors and hodlers who live off of dividends and trading profits
simply because even if they are not investing in own country's company, they still are spending spare money in it

[arallmuus]

recently I realized that world economy and each country individually are profiting from investors and hodlers who live off of dividends and trading profits
simply because even if they are not investing in own country's company, they still are spending spare money in it

Not everyone could get some profit from trading , so even if someone trade regularly during the quarantine doesnt mean that he gets some profit. It could be the other way around and he lost some money

The first thing I will do is tighten up unnecessary spending. I will narrow the investment, collect the invested amounts to minimize the outside assets. I will also store strong foreign currencies like USD, CNY for hoarding. I would also buy Bitcoin and strong coins to invest, instead of investing in forex

Hoarding Some other currencies like USD , Euro or other currency doesnt mean you will be able to liquidify it anytime you want. There are alot of people that think like that so when it is time to liquidify everything then I expect your local money exchanger might not be able to take on all request ( different stuff if you hoard cryptocurrency lol )

[South Park]

One thing is for sure, there will be economical changes that will be basically as big as you might imagine. Right now people are learning about what makes them survive and what they need to buy to stay alive and what are basically just luxury. So right now, there is this understanding in people's minds that "maybe I do not need that fifth television" or more like "maybe I should not change my phone every year?" and so forth.

When luxury gets actually luxury and people focus on the things they really need, you will see that there will be less people who are starving because there will be more people who only spend what they need and not spend a lot on stuff that are luxury. We are going to see some stabilization and closing of the gap between rich and poor.

This is what I am expecting as well, it seems that governments think that as soon as the economies open everything is going to go back to normal and people are going to go back to their old spending habits, but I really do not expect that to happen, people are going to reduce the amount of money that they spent on luxuries, that not only includes replacing items that are still functional with new ones, but they are also not going to travel as much or to eat food at a restaurant as often as they did and this is going to slow down the economy even more.

[FanatMonet]

The first thing I will do is tighten up unnecessary spending. I will narrow the investment, collect the invested amounts to minimize the outside assets. I will also store strong foreign currencies like USD, CNY for hoarding. I would also buy Bitcoin and strong coins to invest, instead of investing in forex

I would not be in your place, investing in Chinese yuan. The Bank of China can devalue it at any time, for the sake of the export potential of the state, as it has already been several times. And against the background of coronavirus, this is even more likely.

[jalxyx]

This pandemic brings serious problems to every country's economy, and also making many people jobless. But in the case of traders and investors, still they can hodl and get money from their investment which is a good thing and advantage about making business with cryptocurrency.

not only crypto, but also all the internet things is priceable. Like adsense and other freelance job. If we lost our job, better we start to build an internet job for us

[ADLANE33]

The first thing I will do is tighten up unnecessary spending. I will narrow the investment, collect the invested amounts to minimize the outside assets. I will also store strong foreign currencies like USD, CNY for hoarding. I would also buy Bitcoin and strong coins to invest, instead of investing in forex

I would not be in your place, investing in Chinese yuan. The Bank of China can devalue it at any time, for the sake of the export potential of the state, as it has already been several times. And against the background of coronavirus, this is even more likely.

I think they understand their sketchy position themselves and bought up some crypto just in case their economy will fall apart
you can clearly see how much effort they put in crypto adoption last year

[Rulelies]

anyone that is smart would have started an online business. e.g fiverr or even crypto. I aspect everyone should be expecting the worse especially if you are not a high rank in a solid organization.

[wozzek23]

anyone that is smart would have started an online business. e.g fiverr or even crypto. I aspect everyone should be expecting the worse especially if you are not a high rank in a solid organization.

It's already starting to happen and I don't know what's going to happen. A lot of people are losing their jobs and I'm starting to wonder how it's going to be before the end of this year, things are really going crazy. In some developing countries the price for essentials like foodstuffs are getting really high and people can't afford it, the governments are not doing much to support their citizens, and people are still losing their jobs on top lol.

It is really going to be a crazy year to be sincere. I hope that the world is going to figure out a way to solve this problem before it gets out of hand and people start to do what they are not meant to do in order to survive.

[Freeesta]

Of course, we all need to wait for the pandemic to end. This virus has affected the economies of all countries, as the virus has had the greatest impact on the export of goods. Now countries need time to rebuild their economies. I do not advise you to sell all your assets, the market situation should recover soon.

[arallmuus]

things are really going crazy. In some developing countries the price for essentials like foodstuffs are getting really high and people can't afford it, the governments are not doing much to support their citizens, and people are still losing their jobs on top lol.

The bitter fact is that you pay the country where you live, in term of tax but You cant expect the country to pay for your food because there are thousand or even more people that is suffering without food right now. If someone is still sitting down with their phone and internet connection that means he doesnt really need any help at all

Some people claimed they are poor but in fact they are just so much better than the majority homeless people that still has to beg for food from someone else or they wont be able to eat

[Barbut]

Of course, we all need to wait for the pandemic to end. This virus has affected the economies of all countries, as the virus has had the greatest impact on the export of goods. Now countries need time to rebuild their economies. I do not advise you to sell all your assets, the market situation should recover soon.

And when will it end? I read about the second wave, more new cases appear! Doctors are blaming people, they say we got too relaxed and hurried to the streets and bars. What countries need to do is to let us live and work, to cut taxes, so people can be motivated to spend money. When people start spending money on buying unnecessary things we can see the economy rising again. Add to that traveling, they need to allow air companies to work, so people can travel and spend money on that too. There's no economy if people don't spend money!

[LogitechMouse]

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,

I just hope that you've learned a lesson now that a pandemic has happened

You are throwing away anything that you have right now and sell it just to have money to spend for your daily needs. You have work right?? Where did your salary went to?? Did you use all of it in different expenses?

The mistake of most of the people around the world is that they don't have any savings account where they can put their emergency funds there so when times like this happen, they will not be the ones who will suffer since they have the money to use to buy what they need without selling anything. You're lucky that you have some things that you can sell off but what if nobody wants to buy it how will you survive?? Don't spend to much when you got your monthly salary and keep some of it to emergency funds.

[Questat]

things are really going crazy. In some developing countries the price for essentials like foodstuffs are getting really high and people can't afford it, the governments are not doing much to support their citizens, and people are still losing their jobs on top lol.

The bitter fact is that you pay the country where you live, in term of tax but You cant expect the country to pay for your food because there are thousand or even more people that is suffering without food right now. If someone is still sitting down with their phone and internet connection that means he doesnt really need any help at all

Some people claimed they are poor but in fact they are just so much better than the majority homeless people that still has to beg for food from someone else or they wont be able to eat

People just want to receive something from the government but the job to evaluate the real status of a person is on the government, if they will really need help then they should get some help, if there is no corruption, those who are deserving for the help would really get it.

In terms of the price of the essential products or food, I think the government has to control that as well so it will not be abuse, there should be a corresponding punishment for businessmen trying to take advantage on the situation for their own good.

[The cure]

We're all hoping that this pandemic will end soon. This pandemic reminds us the value of saving money for the future.Just what we are today. Many of  businesses are bankrupt because of the said virus,all are affected all over the world. Our government helps but it's still not enough for our needs.Our economy is failing. It will probably take longer to get up and bring back to normal.

[JoMarrah Iarim Dan]

This pandemic brings serious problems to every country's economy, and also making many people jobless. But in the case of traders and investors, still they can hodl and get money from their investment which is a good thing and advantage about making business with cryptocurrency.

Yes there are people who lose their job due to pandemic, however some give up their job in the city to be with their loved ones in their province and of course to guarantee their safety. Me, yes I turn back earning crypto early january and due to pandemic I be able to give time to crypto unlike the previous year.

[Alert31]

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,

We should learn to save everything that we have just to survive this pandemic. If this situation continue,i am sure the life of most people will become more worst. So,because we don't have a regular job ,let us work in crypto as a subtatute or a new normal for us specially those who already in crypto space.

[Nhor1011]

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,

People's life are getting worst everyday while covid pandemic continue to increase daily.Heartbreaking situation that we don't know long it will lasts.We should save everything that we have for survival and as long as we can do some strategies to gain money,foods and other things that we really need nowadays,let's grab every opportunity.

[matchi2011]

Due to pandemic, the spread of poverty is frightening to anyone and one of the most important things during this New Normal is your instant presence to take over the poorest of the poor.

Extending your help even you are also suffering  from this pandemic, the poorest of the poor are the one that really triggered by this situation
having problem finding job to feed before the pandemic, now its doubled the burden.

Aside from helping anyone, we need to conquer the economy of the country which is based on our knowledge to lift the suffering country again to improve the outcome from ruin.

There should be a mindsets to love your own, the product from your neighborhood to help them to survive this crisis.

I think it is too much difficult suchlike forces against forces despite we need to re-enforce our nation.

Exactly, there's no need to build tensions better yet to take care of everyone's own problem.