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Author Topic: What online service / product would you buy in this recession ?  (Read 883 times)
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May 24, 2020, 12:34:55 PM
 #21

The only crypto i would invest in is :
2.The coin must behave like a fiat , like when you give fiat to someone that transaction is not recorded and should stay anonymous...
...
4.ZERO transfer fees ,when you give fiat to someone ,nobody asks you any fee in real life
I'm interested in this points as they draw attention to fiat;
1) Fiat transactions are recorded and are not anonymous. You should indicate the distinction that this occurs when exchanging physical cash. The society however is becoming more digitalized, so majority of transactions are done using digital devices and are recorded.

2)Again, this only applies when exchanging physical cash. There are many cryptocurrencies which offers lower transaction fees. Bitcoin does not lead in this area, but if you want reduced fee in BTC, you can use a segwit address.

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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May 24, 2020, 01:40:39 PM
 #22

The only crypto i would invest in is :
2.The coin must behave like a fiat , like when you give fiat to someone that transaction is not recorded and should stay anonymous...
...
4.ZERO transfer fees ,when you give fiat to someone ,nobody asks you any fee in real life
I'm interested in this points as they draw attention to fiat;
1) Fiat transactions are recorded and are not anonymous. You should indicate the distinction that this occurs when exchanging physical cash. The society however is becoming more digitalized, so majority of transactions are done using digital devices and are recorded.

2)Again, this only applies when exchanging physical cash. There are many cryptocurrencies which offers lower transaction fees. Bitcoin does not lead in this area, but if you want reduced fee in BTC, you can use a segwit address.

The point for a crypto is no to become a regulated currency ... my dream digital currency is a currency that replaces all currencies , a universal currency similar to gold but digital ... and one more important thing ...the digital currency should work without the use of internet ...

What i see in my mind is a simple crypto that anyone can use :

A dollar is just a piece a paper that has a serial on it ...

So my imaginary crypto is the same just a serial number that gives access to something of value ...


  

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May 24, 2020, 04:49:21 PM
 #23

BTC

not product or service,btc it's a currency
Probably foodstuff, fruits and vegetables which will strengthen the immune system. However, taking some online classes which will improve my computer skills so i can work remotely  and also order for books which will give me more understanding about how to spend wisely and wealth management.

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May 24, 2020, 05:12:03 PM
 #24

^ Definitely everyone would buy necessities of their family first before anything else if someone would say saving or investing for the future that is not true they are doing it because at the time when they are saying it nevertheless they already have everything they need at home or probably they are not the one responsible in providing the necessities of their family like the sons or daughters whose parents are still the one who provides everything for the family. I am not against those who are in favor of saving or investing during this time of pandemic in fact I salute to them because they also look forward to the future and trying to secure it as well. In reality the first thing I bought when the recession started was food and other basic necessities at home both through the online and physical markets then I paid all my subscription to get a continuous service.
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May 24, 2020, 08:15:57 PM
 #25

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 ?
I have been dealing online shopping a lot more frequently during this break. I normally never use amazon for example because its not something I really care about or use since I can get everything just 100 meters away from my home at a grocery store. They have everything I would need daily, and for the expensive stuff I love to go and check what I am going to buy and buy accordingly.

With corona and recession, I realized I couldn't do that and I need to find the best prices for everything to buy them cheaper and I realized amazon is the best place for that because its cheaper. I can't get all of my daily needs but for the other stuff I could find on amazong I have used it like crazy. It is not just amazon, I have used all the online shopping places, I compared the prices and realized they are both cheaper but also safer since I don't have to go outside to buy anything.

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May 24, 2020, 10:20:28 PM
 #26

Many people are dropshipping online masks,  gloves and hydroalcoholic gel. It makes sense since many countries population today still don't have enough of these essentials and are turning to the online market to buy them because they simply can't find them at physical stores. We will probably still need these products for many upcoming months as this recession isn't planning to stop anytime soon so I would definitely buy those products online costing me less money as well.






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May 26, 2020, 07:34:44 PM
 #27

I cannot think of any virtual products or services to be purchased online because it is unnecessary since we are in a crisis, I will just tend to buy necessities needed to survive this pandemic like foods, medications and other related stuffs that are essential for the crisis we have right now. Actually I do not patronize online shopping since I tend to find it on my own but because of the pandemic, since convenience stores are getting out of stocks, I tend to seek and buy online to be able to have one.

With the economic recession we are having right now, I tend to be more wise on spending money in a sense that if I can find alternatives on what I have been searching about, I would do it to lessen my expenses on thing so that I can be able to save up my money for greater usage.
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May 26, 2020, 07:55:13 PM
 #28

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 ?
I am not buying anything apart from the things I need at home and I usually buy them online, except drugs. When I need to buy some pharmaceuticals, I leave my house to where I can get them and after that I go back home. As for food, I order them online, and it's not just food, there are other things I do need and I go through online stores and once I find them I make orders and it gets delivered to my house.

I never used to be into buying things online, but ever since this pandemic started I have been used to it to the extent that the lockdown got lifted and I never stopped. Bitrefill helped me to spend my cryptos locally to purchase what I need to be safer and alive. Luckily I got services which are delivering groceries for cryptos; honestly before lockdown I have never taken time to check with them but now I plan to buy my monthly needs using cryptos.

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May 26, 2020, 09:44:00 PM
 #29

Pretty tricky question. Now I wouldn’t buy anything superfluous at all, except food and housing. Because it is impossible to predict what will happen tomorrow due to a pandemic. But if you include fantasy, then I would invest in stocks of either hydrocarbon companies or high-tech ones.

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May 27, 2020, 06:02:50 AM
 #30

I purchase online courses for my wife mostly to increase the sale value of her riceball bento products. I also purchase many for kids' homeschooling products, especially those that hone children's cognitive abilities and creativity. In this pandemic condition, children's health and education remain a priority for me and my wife. The assignments given by the school are sometimes less interactive so the wife decides to look for fun homeschooling programs for children so that learning at home remains effective and efficient.

In addition, we also set aside a little income for charity programs for the community affected by corona as a form of responsibility to others.

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leyton11
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May 27, 2020, 07:11:40 AM
 #31

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 ?
When the recession hit, I only bought large stocks to hold for a long time. because when the recession comes, the stock market will be affected first, especially technology enterprises. Then we have a good chance to buy many good stocks. but I still have a second option, which is to buy bitcoin and real estate. Bitcoin will undoubtedly be affected in the coming recession and the price will drop sharply like February 24 when bitcoin dropped from $ 9k2 to $ 3k9.
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May 28, 2020, 04:52:19 PM
 #32

It is good to purchase a ready-made food delivery store.
But in our country this is a lot of competition.
No ideas on starting an offline business. I think that while you can take your time, but online stores of products, household chemicals may be relevant

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Hydrogen
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May 29, 2020, 12:59:57 PM
 #33

Vegetable and plant seeds to grow food. Solar panels and inverters for energy production. Water condenser and filters in case potable water becomes unavailable. Rechargeable batteries. Radio in case TV/internet/cell goes down. First aid kit. Home defense and surveillance. Basic emergency supplies could be customer favorites in preparation for a worst case scenario.

I'm observing markets and crypto hoping to learn a little more about how they fare under global pandemics. In the past I've heard finance analysts claim stocks like campbells soup (canned foods) were good buys during recessions, when consumers sought less pricey food. Its interesting how markets have shifted so that conventional investment wisdom is no longer panning out.
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May 29, 2020, 01:37:16 PM
 #34


A good proportion of people I know have taken to buying online courses at the moment, everything from IT certifications to Masterclasses in things like script-writing or cookery. Many are rightly worried about post-Covid job security so an extra feather in their cap wont hurt. Others just have an unprecedented amount of time on their hands and are finally getting around to pursuing the dream of writing, learning to cook properly etc.

Courses like these are good buy IMO (if they actually complete them). The sense of fulfillment that comes with doing something productive is very important as weeks pass by and not much else is being accomplished, particularly for those who cant work from home.
smyslov
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May 29, 2020, 03:55:29 PM
 #35

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 ?

I'm buying cellphone load, prepaid load is very popular here in our country I'm also paying for an internet connection, the worst thing that can happen to you right now is not to get connected to get the latest news and update on what's happening around you and in the world during this pandemic, I'm also  buying groceries on online groceries because we badly need groceries during this time.
coinfinger
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May 29, 2020, 04:35:01 PM
 #36

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 ?
I don't think there should be any limit to what I can buy online these days.
I have been buying a lot of things. As for virtual services, I don't know what you're really referring to there you said virtual services. By saying virtual, are you referring to services that require the help of a virtual assistant? Just like social media management and online marketing? If that's what you're referring to here, then I am not in need of those.

I have only been buying products that I need. I make orders through online shopping sites and they get them delivered to me. Recently I read that gyft is closing their services which must be impacting bitcoiners on their ability to spend for their daily needs but fortunately we are having similar services which may continue to help people to spend everywhere they want to.
Mosolad2006
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May 30, 2020, 10:06:09 AM
 #37

At this period of time I don't limit the opportunity to buy as many as possible online goods especially Bitcoin and ethereum is the the most target in our day to day online business.
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May 30, 2020, 11:32:53 AM
 #38

What online service / product would you buy in this recession ?
I have seen many people here in my place doing online selling already. They are selling clothes, foods (with free delivery) and anything that will help people to there everyday lives. In my case, I don't have anything to sell here but I have know how to sell some things.

In terms of online service, anybody that can be done thru online would be a good choice right now. If you will see those freelancers who are working on their home didn't get affected too much because they can still work and give their services thru online unlike those people who are working 8 hours a day to different establishments.

Anything that can be done online right now is very helpful so utilize the power of internet and find something that can give you profit online.

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brotherwood12
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May 31, 2020, 07:02:19 AM
 #39

the first think i will buy its something that necessery to help me on my WFH , then i buy some tutorial to make my knowledge better and then i will buy some entertain service like netflix etc
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May 31, 2020, 07:53:40 AM
 #40

In situations like now I reduce purchases, so I only buy something important. Usually I buy equipment for my work needs,
I buy online at a market place. Because of my work as a content creator, I bought it camera, microphone, hard disk, and so on.
For daily needs I do not buy online, if there is still money left over I bought cryptocurrency or gold.

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