Topic: Brace yourselfs , the economic earthquake is coming ... (Read 693 times)

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.

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.

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.

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.

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.

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.

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.

Cryptocurrency and metals are indeed a good investment especially during this pandemic where stocks is very unpredictable. Though crypto is also a bit shaky these last months, it's slowly stabilizing and rising, hopefully will not follow the stocks anytime soon.

Earlier this year stock market crash happened when Dow fell up to 7.79%. It was called Black Monday because it was so far, the worst single day drop in market in U.S. This is an impact of investor's fear of the covid-19 pandemic. The stock market crash lowers the value of investor's holdings that's why many people panicked and exited out before losing more.

This is where i could say that it's really great to invest in different properties and assets and to not rely on one source of income or investment so that when one leg collapsed, you still have a back up.

Right and life must Go on and we have nothing to do with that,it is either we do everything to find profiteering or we stay in the edge dying from starvation.

the Government are doing their Best to help people but they cannot carry the whole thing we as people must do help them to make life easier even the truth is not.
everything that possible must be acquired,either online or  offline what we need is to struggle,the more jobs we can get is the best life provider we can give to our family.

i am also affected of pandemic because our company lessen our time of work but i am doing online selling now to at least cover the losses from my normal income monthly.

I hope that people who have not yet found jobs can get new jobs, and they are still struggling until they can found it. I am sure that even we are in the pandemic, people will have a way to make money from the other jobs. We do not just admit the pandemic still with us, but we need to accept that we lived with the virus, but we can avoid the spreads by carefully when we are work or in the public area.

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.

Indeed. After bitcoin halving have occured in last month of may, bitcoin and other cryptocurrencies have showed stability and growth. While banks and stocks are suffering from the economic crisis due to the pandemic of coronavirus. It really showed that cryptocurrency can save our assets from losing it's value.

Of course people wanted to make money even in down economy but the problem is only few had found their way in and majority is still struggling because company are closing and even warehouses are fulling out employee to cover their losses.

let us admit that life now is far different from the past when the Covid 19 is still not in line.

But if they can find the online Business to be profitable(but it took time before establishing and having legit costumers)

like some of my friends who lost their Jobs are now entering the online businesses from foods to goods.

We can still make money to fills our daily needs from crypto in the down economic system compared to people out there. It is hard times for every people, but I believe that people out there still trying to survive to get out of the hard situations. These situations will go to the end, and we need to struggle to the end until the scientist can found the vaccine. If people out there can accept crypto and follow our way to make money, I think they will get out from the hard situations, and they will make money like us so that they can buy their daily needs.

With the down economy system we are facing today, i just hope that people will now be aware that if they continue to be selfish and still not follow protocols, we will experience another hard times making our own economy force to shut down. I'm just quite proud for crypto that despite of this happenings today, crypto is still standing and has become even more stable with this difficult times.

I am afraid that we need to wait for some time because every country still works to find that cure. We want to see the virus gone, but unfortunately, with the new normal apply in many countries, and people don't follow the protocols, that can trigger the coming of the second wave, which we worry.

We need to prepare for any worst thing that might happen later because we don't know what will happen next. If the economy still difficult to be back to normal, perhaps, the economy will have another hard time like before. If we can be ready for everything, we don't have to be worry because we already prepare ourselves with anything that will come.

This pandemic caused a lot of countries to put their economy on a stop, everything from transportation to a lot of other sectors of the economy were all placed on hold because of the pandemic. But it didn’t take long and everything started going up again. Dow Jones crashed to a price below $20k when the pandemic started, but after a short time it has climbed its way back up again.

This has been the same thing with other stock markets, they have been going up. Even cryptocurrency was hit, so there was no exception. I’m happy that things are getting better as the economy reopens, but I’m only worried if there should be a second wave of the virus, I really don’t want that to happen.

Financial guru's have been predicting a economic collapse for years and we saw the same thing happening in 2009 with the Banking crisis and the subsequent bailouts that prevented that.

Whatever happens, you should know one thing... there are tax money that are readily available to governments to bailout their financial buddies in the Stock markets.

A global pandemic was just the catalyst that the global stock markets needed to "reboot" the markets, because the "informed" traders know a reboot is needed for them to make profits again. (The uninformed will bleed on the streets) 

Yep, it is not the same this time. The Crypto market is in good condition, while the stock market looks badly. But I suspect it is just a temporary, crypto market may follow the stock market at any time. Who knows that in the next few days, we will see big dumps in the crypto market. To be honest, looking at the condition on the stock market isn't a good sign for the crypto market as well.

Me, too. But we don't know when it will happen. It can be soon or takes a long time. But, after seeing the stock market trend, I think I will consider buying more coins. I think it is better to prevent the possible worse trends in the upcoming days in the crypto market.

Yes starting a business of your own is usually a really good idea. And at a time like this is always good learn other things and get new skills that you know will help you at this time.

There are jobs that you can do remotely, and there are lots of company that are giving remote jobs these days , it’s best to check the jobs that are trending the mist and know the one you can learn and after learning that skill you can then start looking for jobs in those areas. Even before now, relying on just one job has been a bad idea, because you never know when you may lose your job.

The Dow Jones Industrial Average was up 0.4%, over 100 points, on Friday, while the S&P 500 rose 0.8% and the tech-heavy Nasdaq Composite gained 1.5%.

The Dow fell by nearly 300 points earlier in the day, but the market recovered and turned positive thanks to continued strength in Big Tech stocks.

Three of the biggest U.S. tech companies—Apple, Amazon and Facebook—reported earnings and revenue that crushed Wall Street expectations late on Thursday.

Apple rose 10% to a new all-time high on Friday, boosting the market higher, while also announcing a 4-for-1 stock split that was cheered by investors.

While shares of Big Tech companies are among the best-performing stocks so far this year, there are rising concerns on Wall Street that heavy market concentration in this handful of big names could pose downside risks to the market.

Consumer sentiment fell to 72.5 in July—down from 78.1 last month—amid the resurgence in new coronavirus cases across the country, according to data from the University of Michigan.

Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks, banks and some retailers—moved lower again on Friday.

https://www.forbes.com/sites/sergeiklebnikov/2020/07/31/stocks-turn-positive-dow-jumps-100-points-after-big-tech-earnings-beat-expectations/#3c1b8bf25fa4