Your economic outlook and your life for 2021 poll

[panganib999]

As of the moment, my economic outlook for the upcoming year 2021 would be Neutral for now because my economic state would be dependent with regards to what will happen by the end of this year 2020 if there would be a good or bad news. If there would be a good news just like there would already be a vaccine to end this pandemic by this year, then I would be having a positive outlook for the year 2021. While if there is a bad news such as no available vaccine or the pandemic got even worst, then surely a negative outlook for 2021 would come.

But many people say that we must remain optimistic at every situation in life but I think I could hardly apply it in my life for it is hard to remain positive at times like this. But maybe I could manage things out since I am having a great privilege to work from home and at the same time work with my stuffs in crypto related works.

My final outlook in my economic status for year 2021 will be dependent on whatever would happen by the end of this year that hopefully, this pandemic would come to an end so we can already get back into our normal lives.

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[sheenshane]

It could be a negative transition, vaccines can cure but the side effects are still on the process even it has gone through the phase 3 trial and it also depends on the Trade Industry.  I think only North Korea is dependent when it comes to manpower.

My possible outlook for next year might be the economy will only turn positive in the year 2021 and onwards when a government has its radical decision and a concrete plan to its Economic growth.

All we wait to see the result of the flattening curve and through the graph shows the infected people will decrease and the recoveries will increase and no one will get positive, that insight might we considered we are become back in normal life

[aioc]

COVID-19 has destroyed many small business, with the bigger businesses taking their share of the economic pie. I believe many people lost jobs, but some are doing OK.

Curious, as Bitcoiners, how did the COVID-19 pandemic affect your financial situation, and what is your outlook for 2021?

Jobless here in our country is now in it's highest in ten years this is the first time it goes double digit and still increasing really worrying our public transportation is one of the sector that is suffering they are now begging in the street, and the government have already allocated a huge chunk of it's budget for sectors that is badly hurt.

In my case I'm still ok I still had a freelance job online and a small store nothing really changes I hope 2021 we can all recover we cannot keep up with this kind of situation.

[bitgolden]

Honestly I do not look at future of economy as something that is nice, I look at it more like it will get worse but how much worse.
Bitcoin is out of this though, I believe my crypto life will always get better and that is why I am heavily involved, however I do not like the regular fiat economy, it is screwed because the system itself is built around making more and more money for the rich people, when you are super wealthy you can't stop making money and stay the same, you have to keep growing, which means you have to eventually own all the money in the entire world, since that is not possible that means crashes and troubles and even more poor people.

Hence, I believe regular fiat market is destined to crash all the time and will suck in 2021 as well as all the years after that.

[slapper]

This pandemic does hit me hard since my salary has been cut to half. There are many things we have been faced since the beginning of this disaster. Luckily, our government knows how to maintain everything during Covid-19 and I can say that I'm proud to live in a country where cases are lower than 1000. Many businesses have been closed and unable to recover after the pandemic. Yet, we still have many positive signs proving that our economy is getting back to normal

Therefore, I'm kinda looking forward to seeing what the world will be in 2021. I strongly believe in good things will happen next year.

[Vishnu.Reang]

I checked the previous posts. Everyone looks quite optimistic. No one really wants to consider the possibility that the pandemic may impact our lives next year as well. What if the vaccines which are in development fail to contain the spread of the pandemic? Even now a lot of people are surviving on their savings. Once these savings evaporate, then they will be in trouble.

[Cryptoheavy]

I believe that in 2021 the majority of current problems will be solved and crisis will be ended

[Wind_FURY]

This pandemic has greatly affected my economy, losing income because my busnises was unable to operate for several months (one month it started back operations but revenues decreased by more than 50%).

Was trying a new business but not going well yet, I am trying to stay positive even though 2021 may be more difficult than this year.

I hope the vaccine which is in the final stages of testing will be successful and can carry out normal activities and the world economy will improve again, which will definitely affect the economy of each person.

I'm with you. I believe it might get worse before it becomes better. My family owns a furniture/antique shop, passed down three generations, and for the first time the family is discussing to close it permanently.

[bitzizzix]

The year 2021 is only 4 months away and I have no prospects to live in the next year, because until now in the country where I live facing this pandemic there has not been any good development and the number of infected continues to increase.
and I only rely on savings and earning in this forum to meet my daily needs and to survive, so I don't have good prospects for 2021 and hopefully this pandemic will end soon and disappear from the face of this earth so that everything returns to be normal.

[ChiBitCTy]

I am unfortunately not very optimistic about 2021's outlook.  Lets first keep in mind we are only 4 months away from the end of the year.  The reason I bring that up is we are still relatively unscathed stock market wise during this whole pandemic and that's simply not realistic with whats going on ( yes the market crashed in March but it's back up to ATH's).  I think more and more people will continue to lose their jobs/homes and the stock market will finally have an epic and long lasting crash in 2021.  I hope I'm wrong.

[Febo]

2021 will be for sure positive. But we will have huge headaches from 2020. So more then half of world will not to to 2019 levels. Only 2022 will bring some progress. for us Bitcoiners at that time bear market will start. Maybe the last big bear market.

[skarais]

I believe the situation will improve in 2021 and the economic situation will continue to improve. Personally, I think my life needs will increase in 2021 due to the increase in family members. I dont expect covid to last long and interfere with my actual job thus reducing the income I earn. Personally, I can still be grateful that cryptocurrency has helped me a lot in meeting my need, especially from trading result even though they are inconsistent.

I am still very confident that in 2021 the price of bitcoin will continue to increase and of course it will really help us as users. When we still have hope, then rest assured it will be a positive thing even though there are ups and downs in life. May we stay healthy and safe. Stay positive

[imstillthebest]

 well all of the peoples problem now are mainly financial  and im one of it  . me as a bitcoiner btc helps but i can feel the damage cause by covid , income from btc are delayed now and have been decreased but i understand why its happening and that makes me quite or stop complaining alot because  more negativity wont help  . i dont know what will happen next year but im trying to be more positive  . on 2021 the pandemic will be lessen or will be over and business are going back to normal

[so98nn]

Interesting poll this is.

I gotta say I have different outlook for 2021. All of us see that it has destroyed many small and medium businesses but there are many more businesses which has emerged as new start up.

This is happening mostly in healthcare sector. In my country there is huge movement in medical supply chain as we speak!!

Many CRO which are called as contract research organisation which support the bigger pharma and vaccine manufacturing industries has got amazing opportunity by having 24*7 workload on their shoulder.

This is very good news for this field and any other related chain to it. I think it will be opened up for rest of the field by 2021.

[suvo05]

In our country, the economy heavily dependent on unorganized small businesses. Due to the pandemic max of those businesses stopped during the first two months of the lockdown. But after that those small businessmen are starting to evolve their businesses according to the current situation. Some of the supply chain businesses have been introduced which was never existed in the past. As the thing will get normal day by day the people will have the opportunity to run their current businesses or go back to their previous one or manage both of them. So overall the number of businesses running in 2021 will be higher than in 2019, that's why I am hoping for the best in the upcoming years.

[Silberman]

COVID-19 has destroyed many small business, with the bigger businesses taking their share of the economic pie. I believe many people lost jobs, but some are doing OK.

Curious, as Bitcoiners, how did the COVID-19 pandemic affect your financial situation, and what is your outlook for 2021?

Fortunately for me I did not lose my job and everything in the economic aspect is working as it did before the pandemic and my family is the same as me and they have not experienced a change in their economic situation. However the crisis has hit my country really hard and a lot of people lost their jobs and unfortunately the recovery is going to take very long and I wonder what will happen to those people? Because they had mortgages, credit cards and other loans to pay and those people do not really care if you lost your job because of the pandemic, they want their money.

[Sanugarid]

This pandemic does hit me hard since my salary has been cut to half.

I've heard there are companies who does not want their workers to do some overtime, they are very strict following the protocols that has been set, an 8 hour work will just be an 8 hour work extend an hour then pay yourself for that. However if they deducted your salary, let's say 50% but your workload is not lessen then you have the right to complaint about it especially in Department of Labor.

There are many things we have been faced since the beginning of this disaster. Luckily, our government knows how to maintain everything during Covid-19 and I can say that I'm proud to live in a country where cases are lower than 1000. Many businesses have been closed and unable to recover after the pandemic. Yet, we still have many positive signs proving that our economy is getting back to normal

For a third country where I am living, the life here is like walking on the edge of the cliff, everyday is uncertain. Luckily I am getting a support from my relative to sustain my necessities like food and apartment rental coz the landlady already lift the free rent for 3 months. Every time I see a news about passed clinical trials, I always see the end of this pandemic, tunnels always have an end.

Therefore, I'm kinda looking forward to seeing what the world will be in 2021. I strongly believe in good things will happen next year.

Let's claim it! 2021 will be prosperous for everyone!  

[Shasha80]

COVID-19 forced my small business to close for a while, for several months I had to live from my savings. Fortunately, now the quarantine
and lockdown have been lifted by the government, so my small business can run again. So I'm starting to be optimistic that my economic
outlook for 2021 has become positive, but even though my economy has started to recover. The income I earn is still much lower than the
income before COVID-19 happened.

[Wind_FURY]

2021 will be for sure positive. But we will have huge headaches from 2020. So more then half of world will not to to 2019 levels.

I believe not. We will feel the full damage of the pandemic on early 2021, and start to see the progress of "the rebuild" on late 2021.

Only 2022 will bring some progress. for us Bitcoiners at that time bear market will start. Maybe the last big bear market.

What? 2022 will be the year of the FOMO surge to $50,000.

[Febo]

Only 2022 will bring some progress. for us Bitcoiners at that time bear market will start. Maybe the last big bear market.

What? 2022 will be the year of the FOMO surge to $50,000.

After every bull market bear market start. Last bear market started in December 2017 and lasted until  start of 2020 when current bull market started. This bull market was cut in March because of pandemic.  All  that I said I fully believe in. But that does not mean it will 100% happen. I give it high chances. Next bear market wil most likely start in 2022. It is possible that only in 2023.