Corona has killed economy of many businesses - page 20.

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Quote from: Meowth05 on March 16, 2020, 04:55:48 AM

Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

Currently there is no telling when will it end but hopefully scientists and doctors around the world are doing their best to finish an antidote, vaccine and cure for this virus. Yes it crashes businesses but what can we do about it? Economy suffers when there is a crisis.

A coronavirus vaccine is already being tested in America. But even if the tests are successful, mass use of the vaccine will not be earlier than 1 year. In addition to the coronavirus, the economy is hindered by the financial crisis, which will also go on for several years. Therefore, we need to learn to live in such realities.

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Unfortunately, it will be a lot worse than everyone considers. Now, you see china and you do not think of anything because it is china, we have literally seen them let people die in closed doors in order to not spread it around, so we can't really do empathy with them and I understand that. But what about Italy?

We have people who own a pizza shop there, they are not overly poor but they are working poor, that person basically survives thanks to money he makes but one big bad thing and they are suddenly poor. That dude is sitting at home trying to figure out how he could not work because of corona fear but also how he could pay the bills as well. This is just one small pizza shop that is affected, can you imagine how bigger this gets the more we take a look at everything else? It is HUGE.

Negotiation

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Many of Coroner's business economies have been disrupted and no solution has been found so far. As you rightly said no way to cure the virus has been found till today and no one knows for sure how long it will last. Trade-in every country has stopped since the Coronavirus has spread to almost every place in the world. And people are getting less out of the house for fear the shop jute is almost all closed In that case it has become very dangerous for every country.

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well no one knows if how long this will last but ive been seeing some hope thru news which are kinda bit positive . news state that many people are recovering from time to time but apart from that there are news too that declare new cases and a new country that is now an epicenter of the virus . there are known antidote yet but its not released yet on many parts . i think its been tested first carefully before they distribute it just to be safe . the damage is massive right now and everyone is affected so people are still praying and hoping for everyones recovery

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COVID-19 is so dangerous, as of March 15, 2020 there are already 153,517 number of COVID-19 cases worldwide, 5,735 number of deaths from COVID--19 and that statistic is really alarming because there are so much many people that are affected by the virus. There are a lot of business that is going down because of the virus, especially those businesses that rely on the customers or to the people, like the restaurants, there are so many people who afraid to go outside and eat to the restaurants because of the virus.

This virus keeps on spreading around the world, that is the scariest thing about the virus, there will be a lot of people that will be affected and as of this day, there is still no cure for the virus.

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

We don't know until when corona will disturb global economy but about antidote I believe every country try to find it. This time they focus to recognize and quarantine the people and area, to minimize victim. At May - June there is bitcoin halving that have potential reduce bitcoin value, this 2020 maybe will become the worst year for crypto. Try to stay calm and make another plan because Corona already break our first plan, doing nothing will never change our life, at lest try it so we know how good the result.

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These are all obvious with a pandemic like this.

Corona Virus or now usually called CoVid-19 is a pandemic the world now is facing. Businesses will be really ruined because of this and that is the reason why some companies even encourage their employees to work at home so that they could continue their jobs and at the same time safe from the virus and following the quarantines that are happening in every country. As far as I know, there is this medicine that is said to be green-lighted by the government. It's been a while but we have no updates about this. It is said to take months for a reliable medicine but for now, we should focus on taking our family and our people just by starting with ourselves. Always remember that prevention is better than cure.

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Since the transportation and production capacity are limited, I think there will be a huge spike in the price of almost every consumable things. However, since the income of many people have reduced, they have to sell every asset to cope with the rising costs, again, only who have access to newly created money will buy assets cheap

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

That it makes more pandemic, not only affects our health but also in economic stability. The whole world suffers big losses in all types of business and this could extend more days as the virus still continue to spread. Doctors never say an expected time frame for the resolution of this threat and until today, they'll never find a cure for this.

I'm sure, nobody expects this thing to happen in crypto but then, we are in big struggles and the market prices it dumps slowly and slowly, in fact, we are almost the same as we started last year $3.6k (if I'm not mistaken).

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Quote from: Meowth05 on March 16, 2020, 04:55:48 AM

Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

Currently there is no telling when will it end but hopefully scientists and doctors around the world are doing their best to finish an antidote, vaccine and cure for this virus. Yes it crashes businesses but what can we do about it? Economy suffers when there is a crisis.

It will take 3 - 5 years to discover the vaccine for that Covid-19 because this virus suddenly appeared and we didn't notice that it can spread faster and faster. However, our scientist around the world are working extra and hard to study the virus and to find out what can cure it. In this kind of crisis, the countries should help each other to control their people to lessen the transmission of the virus. If it needs to implement lockdown to some part of a country, then the people must follow what government says. We all know that our economy is also affected because people aren't able to work and have no salary to feed for their family. Malls and community workers are suspended because they are also included in the lockdown. People aren't able to go outside and the market will decrease its volume, but buying goods is necessary during times like this, so in some ways it balanced. Good thing, there are some patients that are discharged from the hospitals and recovered from the Covid -19 and they can go home safely.

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Quote from: Meowth05 on March 16, 2020, 04:55:48 AM

Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

Currently there is no telling when will it end but hopefully scientists and doctors around the world are doing their best to finish an antidote, vaccine and cure for this virus. Yes it crashes businesses but what can we do about it? Economy suffers when there is a crisis.

There are already drugs that is being tested that is known to work with some virus like corona in other countries but the thing is people have different body composition so there would be a lot of factor to consider especially with different races so it means that the first ever 'cure' won't be applicable to all. I guess we are going to suffer a bit more not only with the health but also with the major things it affects like the businesses. We are going to feel more of its effect possibly in 6 months making a large quantity of damages. I hope we'll get any better, salute for every health workers!

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It will just die on its own after 2 weeks of isolation?

Lucky are the ones who are not friendly when virus plague an entire continent. Unfortunately for the virus is that its strain isn't so strong but can only be fatal to the ones with weak health conditions. If you have no heart disease or diabetes you are not safe to join a social gathering for the virus can easily get into your system. Cities are lockdown and if it continues for another month, looting and killing will be another problem.

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Quote from: johnyj on March 16, 2020, 01:51:27 PM

If all the countries can take a coordinated action (self-isolation like all the people did in China) and contain the virus in each persons home or hostpital, then virus will die in two weeks, either killed by the man they infected or by time, which is no more than a few days)

However, some countries like England and Sweden are taking a normal approach, let it spread, only cure the infected people, then it will jump from person to person, lasts much longer, eventually reaching everywhere and it will take months or years to stop it

A very simple solution to a very complicated problem. This could work if only all of us will be disciplined enough to follow self and community quarantine. But most of us are hard-headed idiots who defy government mandates. Like in our country, the President issued a community quarantine and curfew but some responded with a rally. Instead of cooperating so we can flatten the curve of infection, some choose to do the opposite.

Businesses can be restarted. Economies can recover. But we need all of us to cooperate so we can at least slow down the spread of the virus until our scientist finds a cure.

johnyj

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If all the countries can take a coordinated action (self-isolation like all the people did in China) and contain the virus in each persons home or hostpital, then virus will die in two weeks, either killed by the man they infected or by time, which is no more than a few days)

However, some countries like England and Sweden are taking a normal approach, let it spread, only cure the infected people, then it will jump from person to person, lasts much longer, eventually reaching everywhere and it will take months or years to stop it

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

Nobody knows and nobody can launch an antidote without testing it, so not in the next 6 months.

As for the main title:

Quote from: mu_enrico on March 16, 2020, 08:36:22 AM

Yea, that sucks. I have a business in tourism too, and I'm (seriously) worried about this lockdown. To be honest, I'm not afraid if I somehow infected with the virus, but more about my economy.

My cousin has a 20 rooms hotel, usually is sold out for Easter.
Well, the good news is that it was sold out a month earlier with packages going out more than 66% of the usual price, the bad news is that 16 have already been canceled and he's got just one booking more while dropping the price 25%. He is thinking of shutting it down on the 30th.

The employees will be sent home, the catering business which provides the food will take a hit...he himself will have to cut spending...the snowball effect.

Quote from: The Sceptical Chymist on March 16, 2020, 10:27:00 AM

The Pharmacist:
I don't know much about this particular virus

Oh god, even the pharmacists don't know anything certain..
Run for the hills!!!! Grin

Every satoshi for himself!! Grin

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I don't know much about this particular virus, but viral pandemics tend to burn themselves out--how long that's going to take with coronavirus is anyone's guess, but it's not going to go on forever. At least the panic isn't even if the virus and infections with it stick around.

And I would also say that it hasn't destroyed the economy, just kicked its ass. And the real effects remain to be seen, e.g., in next quarter's and this year's results for a lot of corporations. It'll probably be a bloodbath, but who knows.

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Quote from: plvbob0070 on March 16, 2020, 09:46:49 AM

Quote from: Wysi on March 16, 2020, 04:51:15 AM

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

Based on what I see many establishments in our city are now close and it also because of the Corona Virus. This virus is very devastating aside from bringing down one's economy it already kills thousands of people. This pandemic is also brought down the price of different cryptocurrency and to be honest, it really hurt my eyes whenever I see the notification on my phone that bitcoin is down and I'm sure some of the holders of bitcoin is now also facing massive loss. IMO, The longer it gets to formulate a vaccine for the virus, the higher the chance that the economy will fall especially if the country is in lockdown.

Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

Right now there's still no cure or antidote but what we can do is to strengthen our immune system. That's the best we can do. Because I've read somewhere that you're own body is fighting the virus so you just need to have a strong and healthy body. Always remember to do proper hygiene and take vitamins.

Agree many people think maybe crypto is safe from coronavirus but reality is different so why crypto is also falling? answer is simple people need cash and crypto is no stable solution for us so people are keeping cash and if lockdown happens in more countries and it doesn't get better all-economy will fall and BTC might go down below 1000$.

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

I think this will put a huge effect on the world since most of the world economy depends on Factory. Already a few countries in lockdown and many countries will follow the same protocol which might lead to huge economic downfall. the only business that going to make money now is pharmacy and food-related business. as for crypto, it might fall also because right now people need cash more than anything

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

Based on what I see many establishments in our city are now close and it also because of the Corona Virus. This virus is very devastating aside from bringing down one's economy it already kills thousands of people. This pandemic is also brought down the price of different cryptocurrency and to be honest, it really hurt my eyes whenever I see the notification on my phone that bitcoin is down and I'm sure some of the holders of bitcoin is now also facing massive loss. IMO, The longer it gets to formulate a vaccine for the virus, the higher the chance that the economy will fall especially if the country is in lockdown.

Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

Right now there's still no cure or antidote but what we can do is to strengthen our immune system. That's the best we can do. Because I've read somewhere that you're own body is fighting the virus so you just need to have a strong and healthy body. Always remember to do proper hygiene and take vitamins.

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Quote from: Xampeuu on March 16, 2020, 09:41:16 AM

Quote from: Questat on March 16, 2020, 08:45:19 AM

Killed? Maybe now, I say the right term is "killing", but of course they'll recover soon and I think other countries are getting support from the government especially those small businesses who's their sole source of income is from their business.

If there is no lockdown, the economy would be worsen as the infected will even spread faster, the government are now picking which is the best solution, and I am pretty sure government have contingency for unforeseen events like this.

I guess I only slept a few moments for many of these businesses. and that is not for all businesses, because various needs are profitable right now, although this is not ethical to talk about, but the reality is like that. after this virus is dealt with, I think many sleeping businesses will wake up again, and that will definitely happen

Today we are having a lot of problems because of the pandemic plague spreading for over the world and it is better if we are keep trying to make a move to avoid these but still, the government make a rule immediately that it is better if you keep safe in your houses instead going to work or to your business to avoid having physical contact with other people, just a few months you will experience this and we are hoping it came back again into normal that we can go to our work and being productive and earn our salary. Still, it is better if we make some hobby to be still productive.

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