the billion dollars question

[spy100]

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.

i am trying to figure out what should we  do  next ... this is my point that they don't get

[dothebeats]

I would say that it is stagnating due to economic conditions all over the world but it probably isn't dead. We might be heading our way towards a new recession but after all these are said and done, we'd be seeing the IT industry climbing back up to its glory again. I also have lots of friends who lost their jobs from the IT industry, and are now trying to make ends meet with their skill and their experience. Even a senior developer on their company is struggling to find a decent job nowadays since most companies who held on to their workforce aren't accepting new people even though their criteria fits the bill. Not only the IT industry is suffering but also other sectors out there, too. Jobs are hard to come by even if you are a skilled worker with years upon years of experience under your name.

[spy100]

I would say that it is stagnating due to economic conditions all over the world but it probably isn't dead. We might be heading our way towards a new recession but after all these are said and done, we'd be seeing the IT industry climbing back up to its glory again. I also have lots of friends who lost their jobs from the IT industry, and are now trying to make ends meet with their skill and their experience. Even a senior developer on their company is struggling to find a decent job nowadays since most companies who held on to their workforce aren't accepting new people even though their criteria fits the bill. Not only the IT industry is suffering but also other sectors out there, too. Jobs are hard to come by even if you are a skilled worker with years upon years of experience under your name.

exactly ...

[sunsilk]

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.

i dont know the problem of the OP here but when he said that he doesnt want to hear crypto or bitcoin, then why is he here in the forum? and expect that he will not hear anything about bitcoin...bitcoin...bitcoin...bitcoin  

is he in some kind of another world here? labelling a lot of sectors as dead. because if those mentioned industries are dead, i dont think we should be even here on this forum. yeah, IT is dead  

We have to understand whatever he likes and the questions that he have. I understand his concern is about the layoff and cutting off of companies job.

There is no solution to that as they're cutting the cost of expenses of their company and most of the companies and industries are affected of it. While in IT, if you have a skill in the field you are in, you can easily be hired again.

[btc_angela]

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, might be slowing down a bit because of the effects of Covid-19. What do people need now? The basics, food, shelter, electricity. Online shopping is not dead, lol, you just have to understand what the market needs. I'm not sure what's with the all negativity coming from you man, I mean it doesn't mean the end of the world, you can still make money out of the situation right now.

[.. snip ..]

I won't argue with you mate, but at least in my country (somewhere in Asia), online business is booming and I would admit that I making a killing. As I have said, there are still a huge demand out there, you just have to know how to re-invent yourself in order to survived. I won't spill my secrets, lol. Have you tried upwork though? I have an account in there, way back 2009, but I'm not that active anymore, but the last time I check there are still huge demand for programmers. Of course there are competition, but it's up to you, your sales pitch etc to stand out from the clients.

[Sanitough]

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 Business

Maybe 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 ...

Just to be clear, they aren't spending for unnecessary things, but they have no choice to spend for their needs, that's why business such as for leisure and entertainment are struggling now. But, I think they don't need to fear for their future as the government will ensure that the vaccine will be available, Russia already had the vaccine, once this is successful, the world will eventually rejoice and that fear will be eliminated.

I still view this situation as a temporary thing, it's not big enough to cause a collapse of our economy as we will certainly recover from this trial in life.

I was expecting that the vaccine will not be available this year, but good news has come, so our agony will not be prolonged.

[The cure]

Everything that is happening now is just temporary due to covid 19, perhaps many sectors are weakened but it is still continues to rise gradually. And how did you say that online shopping is dead? As far as I know specially here in my country online selling is one of the best alternative ways of people today to earn,because most people today prefer not to go out and order their needs through online. It is better that we just buy now our basic needs and let's get rid of things we don't really need to live like our luxuries.

[bits4books]

Lol have you seen the market? Everything goes back to growth what kind of death are you talking about? The entire market has returned to its February positions and is gaining momentum. Why you like fatalism so much?

[Maroons]

Everything that is happening now is just temporary due to covid 19, perhaps many sectors are weakened but it is still continues to rise gradually. And how did you say that online shopping is dead? As far as I know specially here in my country online selling is one of the best alternative ways of people today to earn,because most people today prefer not to go out and order their needs through online. It is better that we just buy now our basic needs and let's get rid of things we don't really need to live like our luxuries.

Even before the pandemic, online shopping is very popular and now that we have a pandemic the online shopping grows more users than before due to the fact that we cant go outside because of the fear of contacting the virus and IT is not dead and in my opinion if there is a field where it is not much affected by the pandemic it is the IT field, people will depend more in the technology which highlights why IT is such a good investment. The OP talks about the future too much and exaggerate it with people having no money because of losing jobs, people now go online, work online.

[maydna]

~snip~

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.

When I see on Youtube, many ads show products from the store online, which the sellers use Youtube to promote their product. They can get more potential buyers from Youtube, and the seller is not just using Youtube but also from another website such as social media or another website that places the ads on their site.

If you say medium-sized companies and small IT companies, then yes, they are suffering because of this Covid-19, but not all of them because many of those small companies can survive and start to re-open their business. But we cannot deny that the corporations are still trying to have the market by producing many new products that can help people's lives.

The economy has started to rise by re-opening the corporations, medium, and small companies, hopefully helping the countries solve their problem.

[giammangiato]

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 d like to buy BTC adn ETH a bit lower price than now, they are the only two cryptocurrencies that support the market. How you can see when them go down all the crypto market fo down. We need to earn more for spend more.

[yulchatar]

Everything that is happening now is just temporary due to covid 19, perhaps many sectors are weakened but it is still continues to rise gradually. And how did you say that online shopping is dead? As far as I know specially here in my country online selling is one of the best alternative ways of people today to earn,because most people today prefer not to go out and order their needs through online. It is better that we just buy now our basic needs and let's get rid of things we don't really need to live like our luxuries.

Even before the pandemic, online shopping is very popular and now that we have a pandemic the online shopping grows more users than before due to the fact that we cant go outside because of the fear of contacting the virus and IT is not dead and in my opinion if there is a field where it is not much affected by the pandemic it is the IT field, people will depend more in the technology which highlights why IT is such a good investment. The OP talks about the future too much and exaggerate it with people having no money because of losing jobs, people now go online, work online.

The author of the post is very pessimistic due to the fact that he himself is now in a difficult situation, when there are practically no orders and the work doesn't get done. I myself was in a similar situation when a war broke out in the place where I lived and I had to close my business, then start from scratch. And here is the crisis again. But we don't forget that the black streak will end sooner or later. Where I live, sectors such as cinema and restaurants, on the contrary, "came to life", they didn't die, because people missed entertainment, this is what they needed after a long quarantine.

[panganib999]

I couldn't agree that IT is dead as of the moment that covid-19 pandemic is still in presence for many people are now already switching into work from home using modern technologies to be equipped on the "new normal" approach although the phasing seems to be fast and made a lot of people to struggle on catching up with the new normal set up just to be able to continue their daily life most specially when it comes to work and studies.

IT and the modern technology have become now a shoulder to lean on at times like this because of the present health threat brought by this pandemic so how come IT is becoming then when the demand is continuously rising and even the market is already slowly getting back into progress because the effect of this pandemic is just temporary on nature.