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Author Topic: Brace yourselfs , the economic earthquake is coming ...  (Read 692 times)
maydna
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August 22, 2020, 07:49:09 AM
 #61

Some of my friends change their jobs offline into an online business, but they still find what the jobs that can suit them are. But they still try to search for offline jobs because they still prefer to do offline jobs.

So the situation isn't that bad for them. When they're able to have a job while looking for a better one everything is as it should be. It would have been much worse if they had no job or no options to even look for a better one, like many people in poor countries. In the big picture, the availability of online jobs puts you in a decent situation. Imagine living in central Africa or South America where the lucky few have Internet access and a computer. We really shouldn't be so pessimistic and have some fun instead of constantly worrying about a crisis that may never come.

We need to struggle, no matter if we try offline or online jobs, because I am sure that there will be a way for us to get the right method to make money. When we can have a new source of income and make money from that, we can search for another way to earn more money.

I am sure that in a country that can't access the internet, they will use the other way to make money. They will adapt themselves to the current situation, and they will also find that way to fills their daily needs. We need to work hard and don't pessimistic because that is the only way for us to survive.

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Latviand
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August 22, 2020, 12:27:02 PM
 #62

Hard to say that crypto will come out as a winner from this... Coronavirus' impact on the economy hasn't really been assessed yet. Government will have to look at the end of the year to look at the total impact. The goal also was to try and circumvent any direct impact by issuing loans and bonds to businesses, as well as cash to individuals even before there had been an assessment.

Most of the countries do have a lot of economic debt to some other countries because they are having a lot of struggle in allocating the proper budget for a certain project regarding this Covid-19 pandemic. Governments are doing their best to handle and improve their Covid-19 response and yet their resources are not enough to make it happen. Economy is also one of the major sector that is being affected by this tragedy, and they are working so hard to make it recover from downfall, that's why some countries are allowing businesses to operate even if it is risky, as long as people will follow the safety protocols and precautionary measures to prevent the virus from spreading in public facilities and establishments, like malls.
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August 22, 2020, 07:15:06 PM
 #63

If a person is conservative enough and cannot adapt to the requirements of the modern world, then it will be very difficult for him to refuse offline work. First of all, this happens because a real job gives him certain guarantees of income, and if we talk about online employment, then there are certain risks. But since the world follows the current trend, the opportunities for a person have increased today and a person with the help of the Internet can earn much more in a month than an ordinary person in his permanent job for a year or more.
That is the thing about the modern kids, I have plenty of friends who are moving towards more online work, you know why?
Because they realized that wearing a suit, waking up at 7 am in the morning, going to work at start at 9 am, work until 5-6 pm and then get out and be at home around 7-8 pm and call it a proper day is not really an idea they want to do. Hell most of them are fine with working from 7 am to 11 pm all day if it is their own work because they know that if they work hard at least they get maximum amount of what they earn, when they work for someone else you are basically profit them while they give you less than what you made them.

This is why new generation will mostly be business owners, even if it is a tiny business like instagram shop or whatever, they will rather do that and work hard on it than work for someone else in a cubicle job.

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August 23, 2020, 02:28:35 AM
 #64

Stocks market suffered big losses and even those big names can't escape the disaster to come.

We have this huge dump, stock market crisis but I'd never think that they have to come to an end. But above all, it is unlikely to see how the crypto market sustains from such a huge market fall, in fact, we even stood still at high more than those bearish days we have last year. I'm not sure how encouraging the big investors to look after crypto investment but I'm happy to see them and welcoming them in the crypto world. Embracing crypto is one way to help them out from losing it all and I hope, people will realize it earlier.

Cryptocurrency emerge as the winner here in pandemic and it will continue to be so after the pandemic this is the best achievement so far by the Cryptocurrency market, bouncing back from a big crash after the news of pandemic, many investors have shifted to investing or converting their fiat to Cryptocurrency ans this is the trend that will likely continue even after the pandemic.
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August 23, 2020, 05:23:26 AM
 #65

We have already seen how the existence of this pandemic have brought a massive effect on the stock market because of the declination on the economic growth and development of different countries that are directly affected by this crisis we are currently facing with. But what we are just seeing might be the shallow effect of it for the fact that we are still into the pandemic after a couple of months being in a quarantine to prevent the further spread of virus which brings a direct effect on the productivity of different sectors making the economy suffer.

Cryptocurrencies might be claimed to be safe and the winner amid the existence of this pandemic for we are seeing progression on the prices of different cryptocurrencies despite of the pandemic. But we can't deny the fact that at the first blow of the pandemic that have happened last March, the prices have been temporarily affected making the price of Bitcoin fall down from $9,000+ breaking down to $4,500-$5,000. Maybe we can see that as of the moment investment in cryptocurrencies are better much option rather than putting it into stock market but we don't know what could possibly happen on the progressing days to come if it would still remain the same for we are still not seeing the full potential of the effect of this pandemic that it might get even worse effect on the stock market while the vaccine is still not yet being discovered and if it would also affect the crypto industry as well.

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