Covid lessons learned know when to finish

[Hydrogen]

Selling before the market downtrend can be a good practice.

But if wealth is not held in inflation protected assets like bitcoin or precious metals. There is a risk of becoming a "starving billionaire".



Jeff Bezos estimated net worth of $177 billion may not seem like much, if a worst case inflation scenario hits.

Finding a safe place to store and save wealth against inflation. Could be as important as timing the market.

In 2021 the question of where to safely store wealth has become very difficult to answer. There are many news stories being published about counterfeit gold bars, safety deposit boxes being confiscated, shipments of commodities being falsified. To cast doubt on traditional methods of wealth protection being safe and reliable.

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[kayiboyu]

In this covid-19 period, we've seen two kind of events. First one was a huge increase in price. Because there was a boom in demand and it helped the price go to the moon easier. And we've also seen a big dump after some time to even $30k. People who were prepared for this dodged this easier but I can't say the same for the rest of the investors. There have been many people who have lost their profits and even some of their capital also. This shows how much important not to be greedy is.

[john_nautica]

I would argue that while knowing when to sell your assets seems like a good lesson to learn there are many others that could have been even more valuable, one of those especially for businesses but that apply to people in general as well is to not indebt yourself too much because things like this happens all the time, in this case it was a pandemic but the 2007 crisis also came out of nowhere and people suffered because of it, and when that happens you do not want to hold any debt, and since we cannot possibly know when a crisis like this can happen then we need to avoid debt at all the times.

Yes, you are definitely right about that. And I think that some ways to avoid debts are to consolidate debts, cut unnecessary spending or avoid impulse purchases and to stay within spending limits. I think that these does not only apply to businesses but to people in general. Amidst the pandemic, I think people have realized the importance of prioritizing one’s needs over wants.

You forgot the biggest lesson of them all which is basic common sense. The reason why the virus continues to spread like crazy around the world is because most humans lacked common sense and ignored precautionary protocols.

The world would have been in a much better state if majority of the people utilised their brains effectively.

Thank you for pointing this out. May it be the common sense, or the lack of discipline and obedience, I could not agree more with you that humanity failed in stopping the spread of the virus due to disobedience to protocols and such.

[imstillthebest]

and those that sell their assets are regretting because the price of cryptos are increasing during the covid.
 they are wrong with their prediction but if we are talking about real business and not crypto investing,  some business are affected with covid and they see that coming .
maybe some have sold their business early before incuring more losses but some dont because it wasnt easy if you love your business. 

[Kakmakr]

Your advice sounds like someone saying..... "Make sure you pull out, before you climax... " to prevent pregnancy.     No, my friend... Covid is the most toxic thing that ever happened to our generation and the only thing it taught us.. was not to trust humankind with any kind of virus. (They will turn it into a Bio weapon and governments will use a pandemic as an excuse to infringe on your rights)

If everyone used the Covid epidemic as a "exit" plan, then commerce would collapse .... economies would fail and more people will die of hunger and starvation. 

[Tumanggor]

Covid shows us you must know When to finish.
When your business doing too good you have to sell it.

Many people who sold their assets before covid was right about.

Good example are all kind of business with debt and own rent money to landlords.
Conclusion: dont Stay on something too long know When to finish and Move on!

Lesson learned dont stay too relaxed cash out and Move on!

The problem is that we don't know when a serious event like this pandemic will occur
This pandemic has taught everyone a lot to always prepare for the worst that will happen in the future

doing business is not easy but we must have risk management in managing it
Maintaining a business during this pandemic requires extra effort, so when we reach a certain point, doing business analysis is very important, whether to continue or sell our business

[adzino]

and those that sell their assets are regretting because the price of cryptos are increasing during the covid.
 they are wrong with their prediction but if we are talking about real business and not crypto investing,  some business are affected with covid and they see that coming .
maybe some have sold their business early before incuring more losses but some dont because it wasnt easy if you love your business. 

How do you know they are regretting? They sold it because they probably had to. What about those that sold their coins when the value of bitcoin was near $60k? You think they are regretting? I am pretty much sure they aren't. In fact they are laughing at those that didn't sell their coins. They sold it. Took their profit and now bought more at a cheaper price. I would have done the same if I knew the price would crash. You would do the same too.

maybe some have sold their business early before incuring more losses but some dont because it wasnt easy if you love your business. 

They shouldn't do business then. That would be very stupid of them to continue just because they "love" their business. They should learn that it's better to let go sometimes.

[verita1]

I doubt that in times of pandemic people can stay relaxed. When the pandemic started in my city, as it may have happened in other cities in the world, the food and medicine businesses were a priority.
So any entrepreneur in my city needed to earn income in some way and they dedicated themselves to offering these items.
I also saw that fast food businesses offered their home delivery services since visits were not allowed in establishments.
One of the small businesses that grew the most was confectionery, also at the request of customers.
In short, this pandemic taught us to move and be more careful and stay at home.
We do not know when it will end because when we think that we have already reached the end, Covid19 returns as happened in Israel, which had ended the mandatory use of the mask and due to a new outbreak of Covid19, Israel demands to use them again.

Coronavirus: Israel reimposes masks amid new virus fears
25 June 2021
Israel has reintroduced a requirement to wear masks indoors amid a rise in coronavirus cases, just days after it lifted the measure.

Concern has grown after the country recorded more than 100 new daily cases in successive days after registering zero earlier this month.

Most of the cases have been linked to the Delta variant from abroad.
https://www.bbc.com/news/world-middle-east-57594155

[Koro-Sensei]

I have learned so much in this Bullish-bearish run. I learned when to sell and to buy as well as how to spot the gray linings. There are several lessons that covid has taught us and it was adoption and preparations. Preparation to what would come in the future and adoption to current situation. Learning from this probably will help mankind to move forward despite any tragic events will happen in the future.

[Coroline]

The Covid-19 pandemic has made many people aware of the meaning of cleanliness. The public is advised to apply the 3M: Wear masks, wash hands, and keep a distance. Every time we travel, we are required to wash our hands and even take a shower to be free from bacteria and viruses. People are also starting to change their habits, such as covering their mouths when they sneeze. This pandemic could be your chance to improve your diet. Food at home is much healthier than food out.

[ILuckyGuyI]

Whether thanks to covid-19 or not, every investor should be aware of this. This is really important and crucial for an investor to be honest. When one doesn't know where to stop, they start becoming very greedy. And it can cause the person to lose the profit which he/she was able to take some time ago.

[passwordnow]

But there are also people who have made wealth during the pandemic. I get the sense of your post OP and it's all about timing but there is always a season for every business and if someone sees that it's the season that won't be favorable to his business, yeah it would be time for him to consider selling or at least get some new strategies that's needed to be done for him to cope up with the upcoming season that won't be in his favor anymore.

[Raflesia]

I know that Covid-19 cases are still rolling around the world due to the prolonged effects of this outbreak. I have to admit that the consequences of being undisciplined have made us the impact of everything that made things worse during the pandemic.

Some businesses are in a hurry, rent must still be paid while our daily life must be fulfilled what must be produced better, while the business I run is bad, it can't be controlled, including in my area for 20 days I have to be confined due to government regulations that enforce it so I have no other choice but crypto money as a livelihood to stabilize his finances.

[mckinleeanael07]

everyone will have a lesson from each other as well as the price of BTC increased before the covid epidemic became severe and those they sold before was a right action, there were also some who did not sell and they became loss , as did some investors from years ago who invested in ponzi schemes and learned their own lessons about the ponzi market . Everyone will have different situations and lessons, that's my opinion.

[Silberman]

But, of course in these unprecedented times, faith in whatever we are holding to like hope for recovery, belief in God’s grace and many more are also being taught to us.

You forgot the biggest lesson of them all which is basic common sense. The reason why the virus continues to spread like crazy around the world is because most humans lacked common sense and ignored precautionary protocols.

The world would have been in a much better state if majority of the people utilised their brains effectively.

I really hope that people learn from this but assuming a new pandemic does not happen until a few decades in the future then the new generations are going to forget what is it like to go through a pandemic and the same is going to happen again, while it was impossible to avoid this kind of pandemic to spread all around the world it could have been limited even further as there were many people that died unnecessarily simply because they did not believed this was real and pay the ultimate price because of it.

[Viscore]

everyone will have a lesson from each other as well as the price of BTC increased before the covid epidemic became severe and those they sold before was a right action, there were also some who did not sell and they became loss , as did some investors from years ago who invested in ponzi schemes and learned their own lessons about the ponzi market . Everyone will have different situations and lessons, that's my opinion.

This pandemic will definitely leave us lessons that will help us to be more wise in the near future. With crypto that comes to survive from this pandemic and is even doing great things despite of lots of businesses that failed, i hope everyone will come to realize particularly the government that bitcoin has a lot way to offer especially in this most crazy times that will be very profitable in improving the world's economy.

[Iceblast]

Covid shows us you must know When to finish.
When your business doing too good you have to sell it.

Many people who sold their assets before covid was right about.

Good example are all kind of business with debt and own rent money to landlords.
Conclusion: dont Stay on something too long know When to finish and Move on!



Lesson learned dont stay too relaxed cash out and Move on!

yes i agree with you. because this pandemic is like a tragedy which is very shocking and sudden. so we have to be really ready to face it. take advantage of the opportunity as well as when we profit because it can be our defense from the economic side

[Victorycoin]

This epidemic has helped people learn a lot but there is no guarantee of when it will end many have learned and many have lost everything and failed this epidemic for bitcoin investing has helped people learn something new and through investment they have gained capital. It is a great platform in the epidemic for crypto business.

[Dragonfund]

Mine was hard one to accept at a point but I just had to move on. Never sell if you believe it will recover.
BNB did some magic this bull run and I have wish I never sell any of my bnb at lost. The painful part is that what I was holding then has become what new project are using as hard cap in mini doge.
The trauma isn't something I will forget, not anytime soon and great lesson learnt.
Hold solid projects if you believe, don't sell into market panic and manipulation.

[kapalmabur]

This epidemic has helped people learn a lot but there is no guarantee of when it will end many have learned and many have lost everything and failed this epidemic for bitcoin investing has helped people learn something new and through investment they have gained capital. It is a great platform in the epidemic for crypto business.

It's good that you can look at this pandemic in a positive way because after all there must be positive and negative sides,
with this pandemic indeed many people do activities at home and of course it makes them bored,
therefore not a few people are also learning new things in the midst of this pandemic