Topic: Brace yourselfs , the economic earthquake is coming ... (Read 694 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

The effects of the epidemic will get worse in the coming days. Due to the closure of trade and commerce, the rate of workers is increasing and the unemployment rate is increasing due to which the common people are suffering from financial problems. It will take a long time to recover the rate at which the economy has been damaged. Although the economy is hurting, the price of bitcoin is rising, so bitcoin investment or manufacturing industry is the best way to increase investment. It is possible to recover some of the economic earthquakes.

That's red red wine everywhere, most of the countries I guess are in trouble because of the pandemic, and that big fall down of stocks alone is an evidence that unemployment rate will increase as the economy suffers. We can't do anything but to wait until the economy recovers, and just hope that we will survive in this probably long battle against an enemy that we can't see, we are not prepared for this and until now there's still no vaccine for the covid-19.

If you have some extra funds, better start doing business and not just rely on our job, at least with business, we know what to venture and  we can study the market we are going to enter, although we can say that the economy struggles, but there are industries who are still profitable, so invest on that industry.

Buddy, the economy almost everywhere has been the same , everything is showing red and they are depreciating, only few has been able to continue with an uptrend. Despite the situation we have been seeing this year, there are still people who are making lots of money and benefit from the situation.

This is not a time to keep relying on just one thing, it’s good diversify and look for other means to make income by learning new skills and also investing in Bitcoin or any of the top cryptocurrencies like Ethereum. Bitcoin has been increasing this month and it’s still showing signs of further growth. I’m lucky to have known Bitcoin for a long time and I’m happy I have been investing for long now.

The only market that’s up and trending in this falling economy is the crypto market. Just like the situation in Venezuela, crypto is up for the rescue when fiat currencies have their back against the wall. Stocks of almost all the countries facing the pandemic situation at extreme like USA, India etc are experiencing economic recession. Right now, the safest market to bet your money on is crypto market and gold market. Gold is also showing tremendous market growth.

Like OP mentioned, the economic crisis is just about to knock. The international market is dead and is bleeding hard. The June 2020 Global Financial Stability Report (GFSR) Update has discussed the raising possibility that financial conditions may tighten more than assumed or predicted in the baseline. The need of liquidity assistance for countries facing serious health crisis such as United Nations is making the economy drop quite a bit. We can observe the drop in the price of USD against EURO. This is some serious issue considering the fact that not many countries are prepared to face such earthquake.

I guess it is September because our current problems are going to "snowball" on us in the nearest months. And if current economical state won't change to upcoming - we will face deep trouble in September/October indeed

Everyone is pointing out this "September crisis" online nowadays, anyone know why specifically September? For some reason people are saying that we did have a bad situation in economy due to pandemic and that was bad but it recovered so fastly that it is actually not recovered but just made it look like it recovered and in September the "real" trouble will be shown and everything will be horrible.

Anyone knows why is that? Or even how is that? I want to believe because I do agree that we had one of the worst things in the world happen during this pandemic and all the world stopped and economy should have been a lot worse than 2008 yet for some reason it is not as bad as that, it is not even that bad, it looks on paper that it is quite good and recovered but in reality there are tens of millions of unemployed people.

The economic impact of covid is really hitting hard to all countries. Business are shut, some are closing as it not viable to run anymore, some of the companies are laying off the employees, some are reducing salary. So, all this will eventually lead to the less demand in the market of everything and slowly the impact would be seeing in coming time which would be huge than even estimation.

i understand your concern mate beause this is a very serious matter if come to happen,but remember this is why we must be proud of having crypto currencies.
maybe you did not  watch the video?because OP is talking about stocks and not crypto trading here,better before conducting a reaction better read the whole post first
because it is obvious that you are aiming for post count and nothing more.
That's it we are lucky being crypto investors,many are making laugh on us but lets see what is their reaction when this things comes  to be in real scene.i'm sure many will regret their decision regarding this.

That's all already happen, you can see how many people who doesn't have a job today? unemployment rates in each country (especially those most affected by coronavirus) are increasing every day, what that's mean? And it may need a long time to recover the economic situation, we just need to minimize all our need and save our money in the right place.

oh man good for you because you dont end up on stocks / forex because if you did you are already suffering at a big losses now  . crypto do dips too but not as bloody as what i saw on the pic on the first post .  on the post , good stocks are included on the dip but on crypto , good coins wont likely be included on the dip if there will be mass dip that will happen . as we notice crypto is pumping lately so it could be true that stocks investors are now on here ? this is good

.

This crypto prices we have are people, next big rise will be when big companies start moving money into crypto, and that will happen. Better security, easier to use, crypto have many advantages over traditional system and it's why crypto is the future.
We will continue to monitor and take part in crypto market for next decades, not just next few you days, i believe that many people here (including myself) are here to stay, for good.

Crypto market can't be compared with the stocks, it can't be predicted same as that of the stocks. In unexpected time there will be tremendous growth as well as unpredictable price crash happens. This is all because of its speculative nature, the market changes were manipulated based on the requirement by whales with large volume reserve holding. We've been seeing the price grow gradually without any external force acting over it. This assure there is no economic earth quake to happen now.

Damn it stocks market is bloody hell, fortunately I chose cryptocurrency for investment. If things continue like this,
the possibility of stock market investors will start to move their assets into cryptocurrency. If that's the case,
The cryptocurrency market will have a high pump. We will continue to monitor the market for the next few days.

I agree unless a vaccine is soon tested and approved globally there might be a horrendous economic collapse that might see a war between neighboring countries to satisfy their needs. There might be dire times ahead unless something is done to fight the corona-virus that is just not going to stop by forcing shutdowns and lockdowns without any prior planning.

I don't like to see wars but let's be honest and understand that whenever crisis occurs there are war that tend to happen because a nation that has the power to ruin a neighboring nation they will just do it to gather all required resources.

Support for the stock market will continue for another 3 months, before the start of the elections in America. Trump will pump the market with new trillions of dollars so that the market does not collapse before this moment, as we saw in March. After the election, the market will not be artificially supported.

Honestly, those stastictics do not tell us anything. They are just small change in a couple of days. Moreover, right now, the stock market is closing. Most of the news in recent days are negative. We cant expect everything to be green at the moment. In the past month, i have witnessed all stocks went up in more than a week.

At least the crypyo market is currently in a uptrend. Many coins gain the momentum from whales and investors. Bitcoin might hit $13000 in the next couples of month

Stay chill bro. I do believe that we have already won the lastest crisis. The next crisis will occur in at least 10 years later. Right now is our time to focus again on our jobs and desires. So many opportunities for us after this pandemic. Soon we will have the vaccine and then, human will succesfully contain the virus

Nobody wants that to happen, but when the epidemic goes on and on, the economy will soon collapse. we must have a plan to foresee such events to survive the day. Best we should not hold any financial assets now, Cash is king now. Sometimes holding cash can now help us invest a lot of coins or cheap stock symbols in the coming months. Please be patient, an economic crisis will occur, it is only a matter of time.

Now the world has entered a recession because the growth of the real economic sector has declined, if this continues until the end of the year then the next phase we will face economic depression. Even if the economy is driven as it is now, the recovery process will not be possible in the form of V but will be in the form of L because the production capacity has not yet run fully due to the cessation of production.

Pandemic, fiscal and monetary stimulus, budget deficit, demand reduction, production decline, economic recession, foreign debt, default, depression are the possible flow of economic phenomena that occur In the current pandemic conditions. Pandemic creates an opportunity for each country to carry out anti-mainstream policies, namely TINA (There is No Alternative) for the survival of a nation and fend off the national threat.

today bitcoin happened to reach 10,000 $ to my knowledge if the stock currency goes down. altcoin prices went up and now this is happening only to my knowledge. I have understood the comparison of the forex market and the crypto market some time ago like this. I think bitcoin will go up again because the forex market has gone down very sharply. after starting bitcoin started going up to reach high again

The outbreak of the coronavirus has slowed economic growth around the world and many businesses are already on the brink of collapse. Meanwhile, trade wars between different countries have created a new economic crisis. Many developing countries, including these countries, are suffering commercially as a result of trade wars, especially between developed countries. As a result, the economies of these countries are being severely damaged. Conflicts over the supremacy of political and developed countries are hurting most of the economic and productive enterprises, and the share prices of companies in these countries are falling sharply. If this situation continues, there will soon be an economic recession all over the world and the world economy will collapse as a result of economic collapse. Therefore, it can be said that if the current situation prevails, after the coronavirus the next world will see an economic earthquake.

How can we achieve that thing? People are not even knowledgeable about bitcoin and the market. Especially in this time of crisis that they need something where they can secure their money and earn profits. Cryptocurrency is stable right now, but we should not settle with that because they are volatile and changes can occur. Some countries do not still engage with the use of crypto even if it has a potential to lessen the suffering of most of the economy. But what can we do if they don't see the importance and benefits of bitcoin, as long as we are believing on crypto, we should also don't stop on spreading positivity towards cryptocurrency and economy.

The fall in the price of cryptocurrency was only in the initial period of the appearance of the coronavirus, when people urgently needed money to prepare for the upcoming quarantine restrictions. In the future, the price of the cryptocurrency grew constantly until it recovered almost at the same level.
The collapse of the world economy will lead to a global economic crisis and large inflation of conventional currencies. Under these conditions, a decentralized cryptocurrency should show itself as a currency that is not subject to normal inflation. On the contrary, people will invest in cryptocurrency to save their money from inflation.
In this regard, the economic crisis can become a powerful impetus for the rise of the cryptocurrency market.

Well , according to many speculan, tomorrow will be the final test for crypto , eventhough we see this week crypto seems moving foward leaving the stocks behind, its still not enough to say we on bullish moment right now,so get ready for the monday.

Damn, it's bloody.

I had been thinking lately.
Are we in the cryptocurrency industry safe from all of this?
Options:
1. Are those who will pull out their stock investment and other commodities going to switch to crypto and will start a new pump?
2. Those who are invested in both being scared will pull out everything including the investment in cryptocurrencies?

Where is the safest before everything falls?
 

Nice as it is but I don't want to overjoy on this.

We saw that they seem to be stable a couple of months ago and it's just this time that we've seen they're on the red again after the oil goes to negative.

Yes, I might sell on this level.

It seems to be like that as there's flowing money around crypto
right now and its really nice.



There's a lots of pressures coming from the fears of stock traders due
to this pandemic, its really
being felt all around the stocks, while inside crypo where speculation
really taking place.


Hahaha, better to ride carefully and take advantages of every opportunities
that comes your way,.

Stocks market suffered big losses and even those big names can't escape the disaster to come.

We have this huge dump, stock market crisis but I'd never think that they have to come to an end. But above all, it is unlikely to see how the crypto market sustains from such a huge market fall, in fact, we even stood still at high more than those bearish days we have last year. I'm not sure how encouraging the big investors to look after crypto investment but I'm happy to see them and welcoming them in the crypto world. Embracing crypto is one way to help them out from losing it all and I hope, people will realize it earlier.

I don't know what will happen with the stock, but if the stock market crashes and going down too deep, I hope the crypto will not follow the stock because right now, I think the crypto market is still trying to rise. If you are still playing with the stock market, you need to know when to get out of the market before the situation is worse, so you can save your money before it's too late.

If the stock market is crashing, we will see many people move to the crypto market because they want to make money from other sources. If that happens, we will see the adoption will come soon, and the crypto market will become popular among them, and who knows, they can invite more people or friends to join with them.

We may see the aftermath at the end of this year as a lot of countries are still in strict covid protocol. But as an investor, we should always practice the simple motto of investment, which you mentioned here = " Don't put all your eggs into one basket". And yes, don't forget to invest in tangible properties like real estate and you can add also precious metals if you have the capability.

It seems that crypto market and the stocks didn't go along well this time. Money from the stocks just came into cryptocurrency. 

Does anyone noticed that the past months, stocks and crypto were always going along with the same side but this time it didn't. I'm starting to be scared once this pumping is done, money will come out to crypto and shall go to stocks.

The major indices are down a couple percent over a couple days time, and the bears are acting like it's 1929. Classic!

I'd like to see the S&P 500 breach its weekly low in the 3,120s before reading anything into this tiny dip.....

One good way to minize your loses during financial crisis is diversification. Don't put all your eggs into one basket. Most people here on the forum are probably already heavily invested in crypto currencies. I would not be selling any at the moment. Better to sell than some good performing bonds at the moment. In my opinion crypto and precious metals will always outperform in a crisis.

But we also don't know how the long term effects of corona are going to look out. In Europe where most of the look downs where eased on July, the economies preformed like on levels before the crisis. Maybe it won't be so bad in the end and we will see a quick recovery.

That's the moment when people realize crypto currency can save them from such crisis. The stock markets are getting feed by fiat and due to flood money printing by the governments and over feeding the markets this happened. Due to the recent Covid-19 crisis many business are effected by the crisis, here if you check the stock markets and Forex, you will understand all the currencies and mostly usd and getting lose their price over metals mostly gold and solver. That's a great sign to the how the money is losing it price over the time and specially during the crisis.

Most of the stocks in USA were overpriced anyway,due to the massive money printing and flooding the markets with fresh money by the Federal reserve system.A price crash and an upcoming bearish trend on the US stock markets might actually be healthy for the US economy.
The cryptocurrency markets were "sleeping" for the last month,but now they are waking up slowly.The Bitcoin price increased from 9.1K to 9.6K USD,which isn't that much.I guess that some whales started pumping the price.

Actually there will be a retrace that will happen so we should be prepare. Most of the indices especially in the U.S. are keep making all time high like NASDQ but it seems that it reached its peak and there will be pullback that will happen. If there will be a massive pullback, expect that there will be also effect not only in the local markets but also in cryptocurrency market because it will create fear among investors where they want cash rather than position in the market.

It's important to note however that the current economic crisis was entirely predictable. When economists heard of a global pandemic with a disease that spreads like crazy, they knew what was coming. It's the very reason the US broke past precedent by printing money on direct orders for the government. Some say more money might be needed in the US even already. And if such need exists at this point it'll probably be filled by the treasury. There are some interesting takes on the effectiveness of this approach.

https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html

Also interesting article:
Should the government keep running up debt to get us out of the crisis? Overwhelmingly, economists say yes

In my view, economists are now more than ever reaching a consensus that austerity might have been the wrong path to follow at times of crisis. Views on monetary policy seem to change also. And this time it probably won't take as long for us to discover if the plan worked or not. After there's a vaccine widely deployed, we can pick up our notebooks and churn out the numbers.

We price in a recession for years after its happened. The extent of the financial crisis can still be felt by some and by the wider economy afaik.

It might take up to 3 years to fully determine the immediate costs of the pandemic. A large percentage of the population have no savings and will be dealt an immediate blow, potentially around 20% will be able to cover expenses for a year and may keep spending as they normally do in the assumption they get a job by next year (and a majority may do) but the minority of everyone might see a large impact. Although a lot of the time, crashes and recessions hit the poorest in society and theyre not normally reflected on. It'd be interesting if some picture were drawn up once we're back into the boom after this (in around 5 years potentially) of what individuals pf every skillet and job/social class was analysed.

Hard to say that crypto will come out as a winner from this... Coronavirus' impact on the economy hasn't really been assessed yet. Government will have to look at the end of the year to look at the total impact. The goal also was to try and circumvent any direct impact by issuing loans and bonds to businesses, as well as cash to individuals even before there had been an assessment.

There's also less money flowing around in general due to the economic crisis. The economy will shrink, question is how much. But until then I doubt we could consider crypto a winner. The win is that so far there wasn't a considerable crash, but the positive moves for some altcoins are probably just short term wins and speculation other than anything else.

The loss between Germany:UK is kinda interesting... Germany faced a higher fall somehow, potentially due to aviation and automobile industries but it still looks like a weird divergence..

To be honest, this scenario is unlikely. During the fall in markets during the pandemic, cryptocurrency followed. I would not hope that the current growth will continue despite the fall of the classic markets.
Rather, on the contrary, everyone will wait for a bull run and rejoice that the cryptocurrency is holding up well, and then everything will collapse again. The same scenario every time.

I wish people will realize that crypto is always here to save them.
If they will hedge their money in crypto, sure this big money that will flow will result to a bull run, we are seeing a worst market here and we are feeling that as it's our economy, but as always, if we put our money in crypto particularly in bitcoin, we will not be affected with that earthquake.

It's just good to see that a crypto once criticize but we smash them in the face as in times of crisis, crypto is stable and we stand out.

Long live crypto but I'm hoping the economy will recover.

I am not yet familiar with forex trading because I only trade in cryptocurrency exchanges. But it sad to say that most of the stocks in USA are experiencing the economic recession. However, in cryptocurrency almost all coins are fluctuating since yesterday. A big pump for bitcoin and ethereum. Maybe, it will continue to rise on the following months as a preparation for bull run 2021 or it will also follows what is happening to the stocks right now. This is the good thing that we all know the different kinds of trading, because we can adjust ourselves to the stocks or coins which good to buy.

Verizon i suspect it's up do to coronavirus
Caterpillar Inc  i suspect is up do to gov pumping money ... infrastructure projects ...same thing happening in my country
McDonald’s ---> i suspect do to property value increase

This is it ...it's the big one


https://www.youtube.com/watch?v=_mkGch085m4 "in my dreams God is talking to me ..."

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.68%

At the close in NYSE, the Dow Jones Industrial Average declined 0.68%, while the S&P 500 index fell 0.62%, and the NASDAQ Composite index lost 0.94%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 1.79% or 1.00 points to trade at 56.85 at the close.
Meanwhile, Caterpillar Inc (NYSE:CAT) added 0.72% or 0.98 points to end at 137.58 and McDonald’s Corporation (NYSE:MCD) was up 0.59% or 1.17 points to 198.72 in late trade.

https://www.investing.com/news/stock-market-news/us-stocks-lower-at-close-of-trade-dow-jones-industrial-average-down-068-2240645


Good that we had crypto 

https://www.youtube.com/watch?v=zXt56MB-3vc

Red Red wine ... i just hope it will not be like 1929,or worse...as i got family also ...