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allahabadi
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August 11, 2020, 07:53:23 AM |
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On a sincere note, how did your derive these conclusions, they don't make sense at all... Better put out something that supports you'd assertion... Markets are returning back and gradually other things will too, albeit with some tweaks.
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spy100 (OP)
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August 11, 2020, 08:01:52 AM |
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On a sincere note, how did your derive these conclusions, they don't make sense at all... Better put out something that supports you'd assertion... Markets are returning back and gradually other things will too, albeit with some tweaks.
Don't look at markets, f the markets the data is a lie ... Look at the real economy wordwide Look at food prices Look at rent Look at utilities prices Look at how much you get payed Look at unemployment rate Look at Consumer confidence etc ... https://tradingeconomics.com/united-states/indicatorshttps://tradingeconomics.com/euro-area/indicatorshttps://tradingeconomics.com/china/indicatorshttps://tradingeconomics.com/india/indicatorshttps://tradingeconomics.com/japan/indicatorshttps://tradingeconomics.com/russia/indicatorshttps://tradingeconomics.com/countriesI am in europe ...before the pandemic a bread in my country was 0.24 USD now it's 0.29 USD ,a cheap coffee from vending machine was 0.24 USD ,now that coffee cost 0.36 USD Bread price increased 17,25% Cheap coffee price increased 33,34% ... Now do the same thing for your country ... and you will get the real inflation rate etc... |
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maydna
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August 11, 2020, 08:10:04 AM |
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Why is IT dead when most are have been working related to IT.
If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.
Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money. The ads show it because many companies want to offer their services to the user, and they know that many internet users know to spend the most time at home. The companies change their media to promote their services by using Youtube because they know that people use Youtube to create tutorial/making a video at their home/DIY/etc at their homes. That shows IT is not dead, and I think IT become better than a few years ago. If you say IT is dead, we will not see an improvement from the IT companies. In some countries, IT still grows better, even we still at the pandemic. |
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spy100 (OP)
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August 11, 2020, 08:19:43 AM |
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Why is IT dead when most are have been working related to IT.
If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.
Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money. The ads show it because many companies want to offer their services to the user, and they know that many internet users know to spend the most time at home. The companies change their media to promote their services by using Youtube because they know that people use Youtube to create tutorial/making a video at their home/DIY/etc at their homes. That shows IT is not dead, and I think IT become better than a few years ago. If you say IT is dead, we will not see an improvement from the IT companies. In some countries, IT still grows better, even we still at the pandemic. well how is going to buy does products if 30% of the world is unemployed ... ? why in the hell they would invest in youtube ads if people can't afford to buy ...that's just stupid business decision ... when i say IT i say medium size companies and small companies ... i don't give ... about corporations ... anything that corporations make is evil i will never buy corporate made stuff ever again in my life ...same to my friends i recommend never to buy anything that corporations make. |
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Sanitough
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August 11, 2020, 09:45:44 AM |
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Why is IT dead when most are have been working related to IT.
If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.
Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money. You are correct, here's a proof. Google’s Lost Advertising Revenues Due To The COVID-19 Outbreak YouTube Revenue Falls to $3.8 Billion as Pandemic Hits Ad BusinessMaybe avoid spending and if you have a capital, focus on other industry like the agriculture as people can only afford to spend on their basic needs now which is food, so your business will grow, if you can't start a business, you can work at that industry. |
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spy100 (OP)
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August 11, 2020, 10:03:21 AM |
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Why is IT dead when most are have been working related to IT.
If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.
Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money. You are correct, here's a proof. Google’s Lost Advertising Revenues Due To The COVID-19 Outbreak YouTube Revenue Falls to $3.8 Billion as Pandemic Hits Ad BusinessMaybe avoid spending and if you have a capital, focus on other industry like the agriculture as people can only afford to spend on their basic needs now which is food, so your business will grow, if you can't start a business, you can work at that industry. people are not spending as they fear for their future ... |
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plvbob0070
Copper Member
Sr. Member
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Activity: 658
Merit: 402
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August 11, 2020, 10:41:03 AM |
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Due to the pandemic, a lot of people are struggling financially and that's probably one of the main reasons why there is a big decline in demand in all sectors you have mentioned. Some people might find online shopping not that "essential" since what matters for a lot of people right now is to save money because we're not sure until when this virus will spread. Or since some businesses are down, there's a low demand for IT, but they are not dead, also a lot of sectors are facing the same challenges.
But as I have personally noticed in my country, the demand for online shopping is actually increasing since some people tend to find it safer and more convenient than going outside. So I think the basis is still not enough to say they are dead. There is just a decline but after this pandemic, these sectors will boom again.
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LogitechMouse
Legendary
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Activity: 2478
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Signature and Avatar for rent.
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August 11, 2020, 11:18:38 AM |
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IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
If you are saying that the IT sector is dead (online services, freelancing etc) then I should say yes since most of the business right now are affected heavily but to say dead forever, I don't think so. When there is a vaccine already, for sure business will recover slowly including businesses in the IT sector so for now I can agree with you but not dead totally. What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )
I'm into BTC right now and ETH. I'm also invested in our stock market right now and I'm holding cash too. If I have extra cash, I might buy some stocks and cryptos for the long term but still will keep some cash for personal purposes. i am in the frontlines so i see it with own eyes ...
the only areas i think will have a future are : agriculture,vegetables , baking bread , booze , candy , health , drugs,security ,wood for fire ,diesel and gpl
Right now you can say it because this is the mostly needed things of the people right now. I agree with what you said though that tourism, travel and the bars are the ones who got affected the most. With regards to restaurants, there are some restaurants who are offering take out orders so they aren't dead since they still have income. With cinemas, there are some who opened but only limited to 30-50% of the total capacity of it. people are not spending as they fear for their future ...
I'm not saying that people aren't spending totally but their spending habits got affected heavily by this pandemic yes. |
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c_atlas
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August 11, 2020, 12:09:35 PM |
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What do people need now ?
IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...
What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )
In terms of IT, it is a billionaire dollar industry and you need to be creative and be skilled in that area in order for your business or investment to boom. For me the best investment vehicle is real estate, I love real estate and I started actively buying and selling a year ago at first of course it is hard because there are a lot of factors you should first considered before you enter a deal. I love earning passively and the real estate gave me opportunity on it, I have two doors apartment right now but for me it is not yet enough and I still saving money in order for me to increase my capital. If you want to have good investment then try real estate but at first it is risky because you do not have enough experience about it but you can lessen the risks if you will focus on improving your knowledge about it. Manufacturing and pharmaceutical is also good industry to make investment in this current year. A lot of pharmaceutical industry are competing each other to make a successful vaccine that will be distributed around the world. There is now a news about the Russia successfully created a vaccine that is really safe and effective to use but both manufacturing and pharmaceutical industry are expensive so you need to have large capital to it. Real estate until vaccine ready i am not sure about it... if they don't find a cure and half the world population will die ... prices will go down a lot in this scenario. I don't know if this is hyperbole, but sure, if half the Earth's population dies, you can expect real estate prices to go down. How did you go from IT is dead to half the world will be dead? We're talking about a mortality rate that's below 4% on average (globally). This isn't a world war, there isn't (and won't be) massively distributed famine, and even if there were it wouldn't wipe out half the population. Take your Thanos snap conspiracy somewhere else. |
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spy100 (OP)
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August 11, 2020, 12:25:05 PM |
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What do people need now ?
IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...
What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )
In terms of IT, it is a billionaire dollar industry and you need to be creative and be skilled in that area in order for your business or investment to boom. For me the best investment vehicle is real estate, I love real estate and I started actively buying and selling a year ago at first of course it is hard because there are a lot of factors you should first considered before you enter a deal. I love earning passively and the real estate gave me opportunity on it, I have two doors apartment right now but for me it is not yet enough and I still saving money in order for me to increase my capital. If you want to have good investment then try real estate but at first it is risky because you do not have enough experience about it but you can lessen the risks if you will focus on improving your knowledge about it. Manufacturing and pharmaceutical is also good industry to make investment in this current year. A lot of pharmaceutical industry are competing each other to make a successful vaccine that will be distributed around the world. There is now a news about the Russia successfully created a vaccine that is really safe and effective to use but both manufacturing and pharmaceutical industry are expensive so you need to have large capital to it. Real estate until vaccine ready i am not sure about it... if they don't find a cure and half the world population will die ... prices will go down a lot in this scenario. I don't know if this is hyperbole, but sure, if half the Earth's population dies, you can expect real estate prices to go down. How did you go from IT is dead to half the world will be dead? We're talking about a mortality rate that's below 4% on average (globally). This isn't a world war, there isn't (and won't be) massively distributed famine, and even if there were it wouldn't wipe out half the population. Take your Thanos snap conspiracy somewhere else. 4% mortality rate that is a lot 8-(8 * 0.04) 7,68 year 1 7,3728 year 2 7,077888 year 3 6,79477248 year 4 6,522981581 year 5 6,262062318 year 6 .... in 10-20 years max if no vaccine half the world population is dead |
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Fantastic33
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August 11, 2020, 12:46:05 PM |
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I think IT is in demand today due to the pandemic. Most people today use IT or internet more often. Like for example in the academe, instead of face to face classes, teachers use online media platform as their medium of instruction. Employees who works from home use internet and computer since they cant work inside the office. Online shopping is also trending because its more safe for people to buy goods online than to go outside.
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c_atlas
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August 11, 2020, 01:11:46 PM |
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Real estate until vaccine ready i am not sure about it... if they don't find a cure and half the world population will die ... prices will go down a lot in this scenario.
I don't know if this is hyperbole, but sure, if half the Earth's population dies, you can expect real estate prices to go down. How did you go from IT is dead to half the world will be dead? We're talking about a mortality rate that's below 4% on average (globally). This isn't a world war, there isn't (and won't be) massively distributed famine, and even if there were it wouldn't wipe out half the population. Take your Thanos snap conspiracy somewhere else. 4% mortality rate that is a lot 8-(8 * 0.04) 7,68 year 1 7,3728 year 2 7,077888 year 3 6,79477248 year 4 6,522981581 year 5 6,262062318 year 6 .... in 10-20 years max if no vaccine half the world population is dead You're assuming that 100% of people have covid 100% of the time. You're also assuming there's no change in the population (aside from size). You need to realize the reason the rate is at 4% is that the virus devastates old people and does significantly less to young people. In a worst-case scenario where most of the old people were to die, the mortality rate would eventually plummet as well, which means your projection is wrong (even if the false premise that everyone has covid all the time were true). |
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thesmallgod
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August 11, 2020, 01:31:47 PM |
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I also don't think that IT is dead. If it's dead, there's no more internet matter of things and websites. Because if it's dead, we won't be seeing YouTube, social media, and other popular websites that we used in our daily lives. No online deliveries or whatsoever.
Those sectors that you have mentioned have been frozen due to the effect of the pandemic but it doesn't mean they're all dead. There is a vaccine race and if ever we'll get one for real, most business sectors will come back and alive again.
The word IT is broad and I think the Op has narrowed it down to his own niche which might be currently stagnant due to the current pandemic. It is becoming more like survival of the fittest. The little money people earn now are to buy food and drugs and those IT sectors you have mentioned (youtube and other social media) are the resting place for people now, particularly during the lockdown and I won't be surprised if some social media platforms make more revenue this year than the previous year |
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stompix
Legendary
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Activity: 2926
Merit: 6410
Blackjack.fun
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August 11, 2020, 02:01:40 PM |
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IT is dead? What? How on earth did you reach such a silly conclusion? The IT sector just like any other service sector is going through a depression phase right now thanks to COVID, but it will bounce back in a couple of years since there will always be demand for it.
I think it depends what area of IT you’re talking about. The way I see it, IT is not dead, even the online shopping you’re referring to is not dead and I also don’t think people will run out of savings..
and many others that said the same, don't bother! The OP thinks that because he can't sell his designs on fiverr for 25$ the whole IT sector is dead and life is going to end on this planet. Anyway,do you have some sort of panic attack or depression?Writing that the IT sector is dead is weird.
Hmm, let's see, titles like: This is a total nightmare
Brace yourselfs , the economic earthquake is coming ...
Business / private sector is dead
world war 3 is coming ...do to coronavirus / economy ...
The stock market prices are fake ..hyperinflation is coming soon what do they say? Op thinks that if his business is dead everything is also dead and if it isn't then it should be as we would all be just as miserable as he feels right now. Seriously, drop the fiverrr and freelance stuff and go search for a job if you think you're such a good coder, there are enough job openings in IT in your country and the payout are pretty good, but if you choose to waste your time all day searching for clients for 10$ jobs and lament all day here about the price of a coffee you will, not solve anything.   Oh my god, you mean that the growth is going to be even worse than the decline? Lol! That was the speculation, the real numbers are here: https://www.forbes.com/sites/martyswant/2020/07/30/facebook-reports-slower-q2-advertising-growth-while-google-reports-a-rare-revenue-decline/#45205ac8262bIn its second-quarter results released today, Facebook reported $18.7 billion in revenue, an increase of 11% despite the slowdown of advertising spend as marketers navigate the ongoing crisis. The results included $18.3 billion in ad revenue, a 10% year-over-year increase. Revenue from other operations totaled $366 million, up 40% from second-quarter 2019.
While Facebook maintained growth during the second quarter, its advertising rival Google did not. Around the same time that Facebook released its results, Google’s parent company Alphabet reported a rare decline in revenue, falling 2% year-over-year to $38.3 billion. |
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Reid
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August 11, 2020, 02:07:28 PM |
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i am in the frontlines so i see it with own eyes ...
the only areas i think will have a future are : agriculture,vegetables , baking bread , booze , candy , health , drugs,security ,wood for fire ,diesel and gpl
But those industry will need advertisers right? Did you try to at least stretch at what else you can do? You are an IT, of course you are good with computers. Software, hardware, web researching, etc... I don't think I am as good as you but I did find a way to get a job using the internet only. It may not be the long type of jobs but if it can support my family then I will take it. Stay positive man! |
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Yatsan
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Leading Crypto Sports Betting & Casino Platform
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August 11, 2020, 04:38:19 PM |
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Man, IT is not dead LOL, it's literally booming right now cause a lot of businesses are converting online and a also a lot of business are making their online exposure to be good, which means they are constantly upgrading. And online shopping is going big this year, Personally I make a net profit of 1k$ for operating a E-commerce website last month, it's just a test run for 13days and gave me that huge amount of profit, I am planning to make a full launch this month but yeah, you got the point, online stuffs and businesses link online is literally booming this year.
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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August 11, 2020, 04:44:06 PM |
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What do people need now ?
IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...
What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )
I wouldn't say that IT is dead and people aren't lying when they say that this sector isn't "booming". I mean, that would be stupid of you to think that Information Technology will no longer exist in the future. It will exist with us until the end. In fact, it is becoming so demanding that we are currently facing shortage of skilled people in IT field! I did read another post of yours where you state that it is dead as in people can't afford it. Yeah, revenues is falling, but this is temporary. Based on the current situation, I would by pharmaceutical stocks. They are going to skyrocket within few weeks. |
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spy100 (OP)
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August 11, 2020, 05:56:38 PM
Last edit: August 11, 2020, 06:32:10 PM by spy100 |
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freelancing is just a quick buck for me for survival ...
i am a web developer & graphic designer this is my job ...so yeah also from web development point market is dead ...
this is my view and no one can tell me otherwise
Web Design is dead do to fact people are moving to mobile apps ,and now there is AI software that makes websites and social networks allow you to make your own page etc like facebook pages
Web Hosting will be dead soon do to fact people move to AWS,DigitalOcean,Google Cloud or they go decentralized IPFS etc....
PHP / MYSQL,Wordpress is dead Node.JS , REACT, React Native killed it ... how in the hell can i tell people that node.js is not php/mysql and that they need to pay more for this services ....they don't get it
To do fact AI,trading platform,casinos costs money and time ...not anyone can afford this projects ...so until a client comes you got to wait a long long time
Python,OpenCV,TensorFlow etc same as AI --- money and time ...until client comes is going to take a long long time ....
Graphic Design ---> stupid contests killed it ...
Crypto is dead also do to fact now most cryptos are considered investments not currency , quick get rich schemes etc
Mobile is dead do to fact people expect you to develop apps like indians for 20 bucks ... not going to happen ...
Now only thing that is left is stupid tasks that only indians and chinese do it for cheap ...
So yeah market is dead ... only a indian or a chinese or a third world country person can say IT is booming
Only thing that works in IT is doing military software... and i don't want to help assholes kill children with airstrikes...
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usekevin
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August 11, 2020, 06:19:56 PM |
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What do people need now ?
IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...
What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )
You had analysis the market well. People need of money to run their life. Many IT employees had lost their job due to reduction of workers in corporate. It make them to learn to earn and learn to save for future. Most IT people was not keep the money for savings. They get and live a luxurious life for short period. Now many people not able to pay their monthly dues. So this is not a time to inverse on gold or crypto. It's time to learn more method of earnings. |
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