What online service / product would you buy in this recession ?

[spy100]

What online service / product would you buy in this recession ?

What virtual product/service would you buy now ,knowing that there is a economic recession ?

[Cnut237]

BTC

[spy100]

BTC

not product or service,btc it's a currency

[fiulpro]

Answer to all your questions would be : Basic things needed to take care of family.

For the second it would be : Bitcoins and other new ICO token coins , because the government is literally not doing anything and unfortunately everyone is jobless and suffering therefore I will place my best bets with safe trading and if I lost more than 10% , would encash out instantly since the time is dire and whatever you loose would affect your family and you too .

I would like to extend this thread to tell how we should start saving up and taking care of our situation since I do not think we would be on the track soon enough.

[bitbunnny]

Depends what do you have in mind, something that is necessary for the living or something that might be considered as investment.
I'm sure that majority of people in the current situation buys only what is necessary for them and their families and try to save as much as they can.But in necessary things usualy don't belong online services.
On the other hand, some want to take for their future somehow and investing might be a good idea, like in shares of some medical company that is neae the discovery for COVID 19 vaccine or cure.

[spy100]

Depends what do you have in mind, something that is necessary for the living or something that might be considered as investment.
I'm sure that majority of people in the current situation buys only what is necessary for them and their families and try to save as much as they can.But in necessary things usualy don't belong online services.
On the other hand, some want to take for their future somehow and investing might be a good idea, like in shares of some medical company that is neae the discovery for COVID 19 vaccine or cure.

investing in shares/stocks may work for you in the USA with robin hood and 401k , here in Europe is very very bureaucratic,can you believe that in Europe,we are not allowed to buy/sell Options ?  

Cryptos/Bitcoin i don't want to get in to it as some will argue ...

The only crypto i would invest in is :
1.Must be decentralized
2.The coin must behave like a fiat , like when you give fiat to someone that transaction is not recorded and should stay anonymous...
3.The blockchain should clean it's self of unnecessary data after a period of time
4.ZERO transfer fees ,when you give fiat to someone ,nobody asks you any fee in real life
5.It should support smart contracts
6.It should support atomic swaps with coins using same source code
7.The coin you transfer should be backed by something important to you,something you want need in you pc phone(contacts/hard drive,ssd total erase etc ) ...like if your user A you want to send coin xyz ,you allow user B to see what's in your device , and User B values the coin based on what you have in your device ...WHAT i am trying to say is data it's self if it has value can become a crypto if we can figure out a way to encrypt/decrypt it ...

[Rengga Jati]

Should it be online products/services?
I prefer to buy daily family needs by online, can it be? For, going outside is riskier, so buying those products online is better right?
What's else I will concern to buy during this pandemic and recession? Car? House? No, we don't need them right now.

But, if I have more money, I think that online gold investment may be worthy, can it be one of them?
I wonder what else I can buy, but nothing. I only concern to my life and family life continuity.

[Nellayar]

What online service / product would you buy in this recession ?

What virtual product/service would you buy now ,knowing that there is a economic recession ?

Do you have lockdown in your community? Because this is only suitable for countries that are not in lockdown. We can buy online products, but the question is. Does it necessary? Because you will pay highly in fee and probably a long week of waiting to deliver the product.

So, I think it only applies for countries that doesn't in lockdown. Well, if ever I will buy, PPE's is the best to be bought in online. It doesn't expired and it is really helpful in this current situation.

[carter34]

I think that what will be in high demand now is going to be health products like facemask, medications and so I can invest with somebody too with that ideology, this is the time of medical sells as profit will be guaranteed.

[conhela]

What online service / product would you buy in this recession ?

What virtual product/service would you buy now ,knowing that there is a economic recession ?

Honestly I kinda wanna buy a TV. I have a crappy TV, 55" but it's like the cheapest 55" TV you can find, so it's all slow and sucks. Investing in entertainment in such scenario is not a bad idea, we're anyway spending lots of time at home so why not make it a bit more enjoyable.

Of course don't blow it all on enterntainment.

[Darker45]

Virtual products or services? Not much. In fact, I cannot think of anything in particular right now.

But in these recent times, most purchases are basically done online, but those are not virtual products. Those are basic necessities such as food and groceries. Stay-at-home orders make many of us highly reliant on online delivery services.

In my place, we cannot just go out everyday. Public transportation is also reduced to the minimum. The places where we can go to are also very limited. Online delivery services staff have special passes which allow them to go to work everyday. They could easily pass through checkpoints as well.

[Oasisman]

What online service / product would you buy in this recession ?

What virtual product/service would you buy now ,knowing that there is a economic recession ?

And what's the purpose of this? Random survey on which business model would fit on every economic occasion?

Virtual services like technology and IT are recession proof business. Specially during this time where people has been forced to stay and work at home. IT products such as basic programming or setting up a stable connection for webinars and other online courses will be at a high demand.
Anyway, virtual services that are most likely to sell at this current situation are online class courses and third party online app for food delivery.

You could also buy Bitcoin.
Bitcoin isn't just a currency, It is also considered as a virtual product, because you are using $ to buy fragments of it in the first place.

[Ucy]

You mean *what product/service you would buy online*, Or you really mean "what online service/product you buy...."?  Guess the "virtual" points to the direction of what you really mean (mostly online based or virtual products/services?)

Well, I probably go for very educational/useful audios, videos, ebooks, games, softwares. The products/services will mostly teach about how to thrive in serious crisis... or help me stay safe in serious crisis.

[Freeesta]

Now it’s best to buy something for which the demand is not great now. Some stores are on the brink of ruin and are beginning to sell all their products in order to at least somehow recapture the proceeds. For example, electronics or home goods stores. I do not recommend mass buying essential goods since the demand for it has remained the same or has increased several times.

[spy100]

What online service / product would you buy in this recession ?

What virtual product/service would you buy now ,knowing that there is a economic recession ?

And what's the purpose of this? Random survey on which business model would fit on every economic occasion?

Virtual services like technology and IT are recession proof business. Specially during this time where people has been forced to stay and work at home. IT products such as basic programming or setting up a stable connection for webinars and other online courses will be at a high demand.
Anyway, virtual services that are most likely to sell at this current situation are online class courses and third party online app for food delivery.

You could also buy Bitcoin.
Bitcoin isn't just a currency, It is also considered as a virtual product, because you are using $ to buy fragments of it in the first place.

Virtual services like technology and IT are recession proof business --- not really ,as freelancer i got only 3 clients in 2 months ... both programming and design is down now as people can't afford to buy this services , the big prrojects that don't have enough capital will fail 1 by 1 , i was lead developer on one of this projects ,it failed 2 months ago in March we worked on it for 4-5 years.... the only IT projects that will survive are does that generate income or good ideas ...


 

[spy100]

Now it’s best to buy something for which the demand is not great now. Some stores are on the brink of ruin and are beginning to sell all their products in order to at least somehow recapture the proceeds. For example, electronics or home goods stores. I do not recommend mass buying essential goods since the demand for it has remained the same or has increased several times.

Electronics and home goods store not good idea now as people bought smart phones ,furniture etc when economy was good ... good electronics you can buy from a second hand store or a pawn shop ...

[crwth]

I think no matter what the time or the current situation that we have, the best thing to buy when it comes to products and services that you could have is education. Whether you could have the time to learn a new language or not, it's not wrong to invest in those things. I spent on some products, too, just like the things below.

• Marketing Copy Strategies
• Sales and Marketing on Facebook
• Wordpress Basics and Marketing

If some people would want to invest in crypto, I think the earlier, the better. Maybe buying a trading tool like Gunbot is good as well.

[Jating]

Personally, my crappy laptop is bugging me as of late so perhaps this is the thing that I need to look for in the next couple of days and purchase a brand new and retire this for good.

But obviously, our first priority though is food, so I'm also taking that time to buy, specially during pizza buy, I bought some and celebrate it with my families without them knowing that it's bitcoins pizza day. So I would say that anything that can get you and your families in this lock down specially essential good are a good buy, in my opinion.

[sunsilk]

Those skill set courses or e-books might be the best thing to buy for me which I think I really need. I wouldn't buy unnecessary products on this pandemic because it makes me want to save more as much as I can. There's no need for me to buy things that I don't need.

But with those books, courses or any resource that can help me hone some of my skills or make me discover another skill to produce another source of income, it's necessary to have. I'll avoid to buy new gadgets or appliances.

Food delivery is also a great business this time, many wouldn't go out but if you need some cash and you have a car or motorcycle, you can be the delivery guy.

[coolcoinz]

It depends if I cared about the recession or not. By cared I mean "not feeling safe financially".
I'm currently pretty safe being an all in Bitcoin hodler, so I'd probably buy some stuff for entertainment purposes like a virtual reality gaming headset 
If I felt unsafe and expected a crisi to hit, i"d first make sure that I don't hold anything in a bank, withdraw all to hold cash, get Bitcoin, buy fuel, food, alcohol (that's important, you know for wounds and stuff  ) And make sure my home and car don't need any maintenance.