Economy after COVID-19

[sort_cirkit]

The COVID-19 virus may never be eradicated. When the vaccine comes on the market it will be preventable. The current epidemic does not have to look to the future. But everyone will be health conscious. And leaving paper notes will be more attracted to the use of bitcoin or online currency. It may take years for the government to maintain economic balance.

[1715211093]

1715211093

[1715211093]

1715211093

[hahay]

The COVID-19 virus may never be eradicated. When the vaccine comes on the market it will be preventable. The current epidemic does not have to look to the future. But everyone will be health conscious. And leaving paper notes will be more attracted to the use of bitcoin or online currency. It may take years for the government to maintain economic balance.

Unfortunately not everyone is health conscious, when people are tired of facing this pandemic, they have the courage to go against all the regulations that have been made by the government such as health protocols etc. That way, economic improvement does not always wait for the government because the people will be more aware of financial and other economic improvements, so that the economy will always be strived to remain good and balanced because it will be done all the time.

[tyz]

This is a new world order now. Build back better is the way!

Build back what?

The COVID-19 virus may never be eradicated. When the vaccine comes on the market it will be preventable. The current epidemic does not have to look to the future. But everyone will be health conscious. And leaving paper notes will be more attracted to the use of bitcoin or online currency. It may take years for the government to maintain economic balance.

The virus will probably continue to be with us for years. It has now spread to many people and now it is important to establish extensive immunity for most of us. But people will get sick and die from it for years to come. It'll be like the flu.

[Botnake]

The COVID-19 virus may never be eradicated. When the vaccine comes on the market it will be preventable. The current epidemic does not have to look to the future. But everyone will be health conscious. And leaving paper notes will be more attracted to the use of bitcoin or online currency. It may take years for the government to maintain economic balance.

Unfortunately not everyone is health conscious, when people are tired of facing this pandemic, they have the courage to go against all the regulations that have been made by the government such as health protocols etc. That way, economic improvement does not always wait for the government because the people will be more aware of financial and other economic improvements, so that the economy will always be strived to remain good and balanced because it will be done all the time.

Government has to be more strict, they are the law implementer, so they should implement the law, no matter what. What government serves is the interest of majority of people, there are only few which are against the government, but they'll really implement the law, these people will certainly follow the law. I would not talk about the possible penalty or punishment they'll put in place, it's up to them, their only job is to ensure the law is implemented. 

[Sithara007]

Using digital transactions is more secure than using paper money at this time. Covid-19 makes people have to do pyshical distancing to break the chain of the spread of the virus. This is indeed one effort for us to keep our distance during our daily activities. One of the right ways is to implement a cashless payment method. With this payment method, the public can minimize direct contact when transacting. So that it can help efforts to suppress the spread of Covid-19. Because, that paper money may spread the coronavirus.

With wallet hacks increasing in frequency, you can no longer claim that cryptocurrency payments are more secure compared to the fiat payments. And while it is true that direct contact is avoided with such payments, it is true with the digital fiat payments as well (PayPal, Moneygram.etc). So what makes cryptocurrency payments better than the digital versions of fiat?

[Pokapoka124]

The pandemic has tested our strength as a people and opened loop holes in our system we never thought existed. I think this gives us a rare opportunity to rebuild and restructure our systems to ensure a better future for generations to come.

[Vishnu.Reang]

The pandemic has tested our strength as a people and opened loop holes in our system we never thought existed. I think this gives us a rare opportunity to rebuild and restructure our systems to ensure a better future for generations to come.

The pandemic was beneficial to some, and devastating for some others. For people like me who are working in the IT sector, the pandemic proved to be very beneficial. My expenses have declined by quite a lot, while the in-hand salary has remained the same. Similarly, many of my colleagues have moved to their native places, mostly located in less-expensive rural areas form high-expense urban centers.

[Abiky]

The COVID-19 virus may never be eradicated. When the vaccine comes on the market it will be preventable. The current epidemic does not have to look to the future. But everyone will be health conscious. And leaving paper notes will be more attracted to the use of bitcoin or online currency. It may take years for the government to maintain economic balance.

With a new COVID-19 strain, our hopes of defeating the pandemic will vanish. We may eventually have to carry on with our lives with COVID-19 in play. Like it or not, it'll be the new normal in the mainstream world. Our economy will have a hard time recovering from COVID-19, unless everything goes digital. I have a feeling the mainstream economy will take this route as governments become desperate. It shouldn't be long enough before our lives become completely digitized. Telemedicine, telework, digital banking, virtual classes, and other trends will transform our mainstream economy in ways that were never imagined because of the negative effects of COVID-19 in the mainstream world.

Regardless of what happens with the mainstream economy in the future, the decentralized economy powered by crypto/Blockchain tech will be here to stay. We've seen from time to time how mainstream events have little to no impact over crypto. With the pandemic in play, Bitcoin and other cryptocurrencies have experienced a boost in price on the market. For the first time ever, Bitcoin has reached a new ATH of $23k per coin. This tells us that the best is yet to come for the decentralized economy as the mainstream economy collapses at a fast pace. Time will tell us what lies ahead with the world's current monetary system powered by central banks worldwide as COVID-19 continues to cause unprecedented harm. Just my opinion

[Imran232]

Demise of cash doesn't automatically mean rise of new digital currencies. There is still going be digital fiat (credit cards, or whatever that CBDC thing is, etc) for a long time.

The economy in general will be fine but many businesses will not recover. A lot of people got a taste of doing things online who wouldn't have done it otherwise and some simply won't go back. There are entire industries that are in big trouble, like movie theaters.

You are right. Now i want to tell something about this topic. In my opinion economy will be comes back it own position when covid vaccine is comes out. Now you can say how? Lets see, when vaccine comes out that means the company dosen't gives it free lots of organisations buy from company and maybe the organisations gives it free to people but organisations have to pay. That means a lots of company start making vaccine and the are sell when the vaccine start its work people can again work without any risk the economy graph already start through medical business. And the normal business takes some time to make Their time for that time medical is equaling the grap in economy.  So i think its just a matter of some time if vaccine is comes out. Its my opinion . Now what do you think am i right.

[Fortify]

I think most of the changes that are going to take place because of Covid have already happened now, although things may start changing back by the end of 2021 once the vaccines start to take full effect around the world. Online shopping is certainly in high demand right now and the domination of Amazon definitely accelerated with the pandemic. Online streaming (instead of cinema visits) with releases of films is definitely going to be the primary outlet as well. Anything that is possible with social distancing certainly has an advantage, whether that is sports or gaming.

[harapan]

of course after covid 19 the world will develop gradually depending on the country in facing difficulties after the pandemic because every country must have its own way of recovering it, and for cash I think it will not disappear because not everyone in the world knows about cryptocurrency

[Indriahimovie]

How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same? Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated.

The state of the economy after the collapse of COVID-19 is still difficult to predict. Of course, it is not easy to return the economy to its original state, there will be a slowdown in economic growth. Even though now many people transact with cryptocurrency, later the central bank will still run as usual.

[raidarksword]

With the negativity corona virus brought as this year still it showed positive adoption towards online payments and ecommerce wherein it paved a great part to us people who are stuck inside our houses. I believe we are still be using online payments if vaccine will finally out in the market and we will be gradually making our economy healthy.

[Botnake]

With the negativity corona virus brought as this year still it showed positive adoption towards online payments and ecommerce wherein it paved a great part to us people who are stuck inside our houses. I believe we are still be using online payments if vaccine will finally out in the market and we will be gradually making our economy healthy.

Of course, online transaction is more convenient whether using centralized or decentralized method, the positive thing it brought to us is that decentralized coins are introduce especially bitcoin. Covid-19 bring down the economy and economy is centralized so people are not only adopting by using bitcoin but mostly investing especially the big institution.

[DrBeer]

Covid will definitely make adjustments to the economy and approaches to doing business. If we talk about doing business, there is clearly a trend towards the development of online services, delivery services for goods and food. There will clearly be a negative impact on offline retail. The demand for commercial real estate and office space rental will definitely fall, but the demand for sites for distribution centers for online services will grow ... In a word, we will have several years of a very strong transformation of the markets and services we are used to.

[oHnK]

There will clearly be a negative impact on offline retail. The demand for commercial real estate and office space rental will definitely fall.

I dont think so,I think that only the buying system has changed, not more to the physical store.  Offices and commercial real estate will continue to sell because even if the dominant business goes online, a physical store is also needed.  Even though times will change to completely online, there will still be people who prefer to shop offline and go to stores.  Those who sell only via offline will adapt and follow online trends, such as offline department stores which currently also provide online services.  Is the mall going to close because it is online, I'm sure, not.  Because there will still be people who want to spend some time shopping time and hangout.

[AndySt]

Covid will definitely make adjustments to the economy and approaches to doing business. If we talk about doing business, there is clearly a trend towards the development of online services, delivery services for goods and food. There will clearly be a negative impact on offline retail. The demand for commercial real estate and office space rental will definitely fall, but the demand for sites for distribution centers for online services will grow ... In a word, we will have several years of a very strong transformation of the markets and services we are used to.

When they talk about the ongoing transformation of the economy, they overlook one factor: that this is all happening because of the pandemic, which will not continue indefinitely and will eventually end. All formed positions before the epidemic existed for a reason, respectively, everything will come back after the pandemic. Commercial real estate and office space will not go away, and when the owners reduce their financial appetites, the tenants will gradually return back. Also about the delivery service, if it is more convenient for someone to overpay, but to receive goods at home, then this is good. But there will still be customers who better come to the store or delivery point and get there saving money.

[Negotiation]

How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same? Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated.

The state of the economy after the collapse of COVID-19 is still difficult to predict. Of course, it is not easy to return the economy to its original state, there will be a slowdown in economic growth. Even though now many people transact with cryptocurrency, later the central bank will still run as usual.

The economy collapsed due to COVID-19 Bitcoin is growing based on its demand the epidemic did not break Bitcoin so if the whole world supports Bitcoin then its use of bitcoin investment will help improve the shattered economy. Banks will bring their transactions back to normal many traders will invest in Bitcoin through loans due to the increase in the price of bitcoin.

[pecson134]

How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same? Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated.

The state of the economy after the collapse of COVID-19 is still difficult to predict. Of course, it is not easy to return the economy to its original state, there will be a slowdown in economic growth. Even though now many people transact with cryptocurrency, later the central bank will still run as usual.

Yes it would be difficult to assess the current status of every countries' economical status because the government should be disclosing this important information for us to distinguish if there were progression. I believe that banks or offline transaction would still be the mostly used eventually though we are using online means while we are on pandemic.

[bryant.coleman]

The economy collapsed due to COVID-19 Bitcoin is growing based on its demand the epidemic did not break Bitcoin so if the whole world supports Bitcoin then its use of bitcoin investment will help improve the shattered economy. Banks will bring their transactions back to normal many traders will invest in Bitcoin through loans due to the increase in the price of bitcoin.

The Bitcoin rally has nothing to do with the pandemic. The exchange rates are going up, due to the increase in mainstream adoption (PayPal responsible for most of it). Even the stock market indices are at ATH levels. So what does this indicate? I would interpret this as a sign that the pandemic had a positive impact on some of the sectors, and this has neutralized the negative impact on the other sectors.