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Topic: Corona has killed economy of many businesses - page 7. (Read 3462 times)

sr. member
Activity: 1204
Merit: 253
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yes, because this virus is spreading so fast, the government is taking steps to limit the activities of people outside the home or any activity, yes, of course, it will have an impact on the economy because employees do not work many companies reduce their members.
no one is to blame for this plague, as almost all countries experience this.
full member
Activity: 1750
Merit: 118
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon
maybe if I were you, my business would be temporarily suspended for this situation, not to spend a lot of money on savings to pay employees to avoid losses. if observed covid-19 virus is not yet known when, maybe 2 months or 3 months is over, you should be able to manage your business if you do not want to go bankrupt at this time. Yes, this is just my opinion for comparison to your position

you mean he must temporarily suspend his business ? i think he already do it not because he wanted to but because thier country is on lockdown and also authorities wont allow such business right now but they only allow business that are need by people like groceries and market  .

 force suspension still wont help you save up because in the end , you will still be using the money for food and other needs while you cant regain what you have been spending the longer the suspension runs   .
sr. member
Activity: 2660
Merit: 339
The only business that are standing are the ones that I am thinking about investing into. Think about it if this company that was doing alright before the virus started to make even more profits during a pandemic that is at a global threat level, that means that company can rarely ever bankrupt unless they are managed horribly as well.

It means you have two options, if they are on stock markets that is, check out the ownership stock ratio, if the ownership has a lot of stocks that means they will be capable of doing whatever they want including bankrupting company with bad management as well, however if owners are not really high on the stock ratio that means there are tons of shareholders and there could be some sort of "fire the owners, hire a ceo" type of situation which I trust a lot more.
member
Activity: 1316
Merit: 10
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon
maybe if I were you, my business would be temporarily suspended for this situation, not to spend a lot of money on savings to pay employees to avoid losses. if observed covid-19 virus is not yet known when, maybe 2 months or 3 months is over, you should be able to manage your business if you do not want to go bankrupt at this time. Yes, this is just my opinion for comparison to your position
hero member
Activity: 1778
Merit: 722
Leading Crypto Sports Betting & Casino Platform
Is there a vaccine already to cure the infected of virus?

We cant say how long this virus will last because as long as there's a remaining people infected we we're not safe to go outside and do what we used to do before the lockdown.

So lets just hope for the best.



About the vaccine I heard if someone was infected and better cured his plasma inside his blood can be used as vaccine but according to our definitions from "vaccine" world, we all know if you get infected by the virus no vaccine can help you.
Yes, Covid-19 damaged many economies but I feel like the world is better recovered. Bitcoin is a good example when it's getting recovered day by day. the damage of the virus of the economy world was really historical
full member
Activity: 1708
Merit: 105
the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly  Sad
this fact is happening in almost all countries in the world today, all businesses are disrupted because of the lockdown. maybe it's just the pharmaceutical business that actually increases and is sought after, so prices rise. but also they eventually supply thinned out due to difficulties in raw materials for production where raw materials must be from other countries. in my country the government has to spend subsidies to help daily workers who do not get a salary, and not a few in number.
I agree with you that we hope that this epedemic can end soon, the economy can stabilize again.
 
sr. member
Activity: 1638
Merit: 300
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon

Well, people are making new ways in order for them to earn profits despite the lockdown or ECQ since it is inevitable for business owners to lose profit nowadays. I don't know what your business is but maybe you can make other ways to earn a profit even in a small way. We don't know how long will this pandemic last so you better find a way to get your business going.
jr. member
Activity: 34
Merit: 2
the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly  Sad
businesses are carrying the heaviest weight at the moment and they're trying to find the most comfortable spot under pressure of quarantine
I hope economy will recovery otherwise we won't meet any crypto growing up
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly  Sad
We are all hoping for the world to recover and us? we just have to deal with the pandemic. I've never experience any of this before, no stores open that is near, no salons, actually 80% of businesses are closed.
It's my first time to see the prices hitting the ground for stock and oil market, it's really like a disaster that we are can't see. Impacts are clearly seen for the past month but we have to be prepared for what is the worst coming when the pandemic gets more serious than we are experiencing right now.
Even I think now, this pandemic has become very serious and is a disaster, because it not only kills the economy and business because this pandemic has also made many people lose their jobs even to traditional small traders who in fact they cannot fulfill their living needs if they do not trade on that day. So clearly, right now this pandemic has killed everything and if this pandemic cannot be resolved quickly, then of course it will be something that is very worrying, we try not to panic in situations like this but honestly the anxiety will always be within because of this pandemic.
full member
Activity: 1442
Merit: 153
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the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly  Sad
We are all hoping for the world to recover and us? we just have to deal with the pandemic. I've never experience any of this before, no stores open that is near, no salons, actually 80% of businesses are closed.
It's my first time to see the prices hitting the ground for stock and oil market, it's really like a disaster that we are can't see. Impacts are clearly seen for the past month but we have to be prepared for what is the worst coming when the pandemic gets more serious than we are experiencing right now.
full member
Activity: 1330
Merit: 100
C O M B O
the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly  Sad
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon

i will suggest you to shift to other business that are essential in this particular pandemic because we can never be sure how many days or weeks months or years this virus will remain but if you have the capital better start another business for now for you not to be total bankrupt
If you still have some spare money it's good to find new venture and try to survived with this crisis, we are not sure how many more days, weeks or months this pandemic will continue to spread and hurt the economy. Having something to bring profits is very needed in time like this, don't lose hope as long as you are still alive then life should continue.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon

i will suggest you to shift to other business that are essential in this particular pandemic because we can never be sure how many days or weeks months or years this virus will remain but if you have the capital better start another business for now for you not to be total bankrupt
It's not that easy though for most of people. Most of the people who holding their business until have spent majority of their savings just to make sure that the business is running although there's no income at all. It's a really difficult situation and it's not just some specific people that suffer from it but around the world. People from 3rd world countries also usually unlucky there's no relief fund or whatever even if you pay the taxes in full you get nothing in return.
full member
Activity: 630
Merit: 102
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon

i will suggest you to shift to other business that are essential in this particular pandemic because we can never be sure how many days or weeks months or years this virus will remain but if you have the capital better start another business for now for you not to be total bankrupt
jr. member
Activity: 116
Merit: 3
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?
virus and anti virus is about market!!!witch means for control mankind every 10/15 years there will be new virus for the world and so many people will die .what they going to sell in that time???anti virus!!! its all about control . on the other side so many jobs get destroyed like restaurant or cafe ... only businesses that exist on internet platform can use this opportunity.
hero member
Activity: 2352
Merit: 905
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According to the scientists who made the vaccine, it took at least 1 year for the vaccine to prevent COVID-19 disease. But in one year this Corora virus will create many new mutant strains. This is really causing many difficulties for scientists. So it is really hard to say when this epidemic will end. And we will see the age of global recession going on. Many economic activities such as exchanging goods between countries will be paralyzed due to the border closure.
Is there a vaccine already to cure the infected of virus?

We cant say how long this virus will last because as long as there's a remaining people infected we we're not safe to go outside and do what we used to do before the lockdown.

So lets just hope for the best.


Yes, there are vaccines from some countries. According to article from BBC Seattle has started human trial for vaccine direcly, skipping animal researches (first person to trial corona virus vaccine). Sanofi and GSK have united to create vaccine too. Australian scientists begun to test vaccines.
And UK is going to start human trials of coronavirus vaccine today (they are funding University of Oxford researchers).

Man it's easy to say stay at home but economy is falling and falling, our health depends on our economics hugely, there is undeniable link between this two. You can gain tolerance on virus but not on hunger so...
hero member
Activity: 1442
Merit: 510
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon
You are not alone in facing a situation like this, millions of people in the world are currently experiencing a crisis like you feel. I'm a seller some household items but my business is almost bankrupt, hopefully that won't happen. At a time like this we must be able to take the opportunity in the online world, being able to make money from the internet is the right way in the current situation.
hero member
Activity: 2982
Merit: 610
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon
If order for you to go bankrupt, your expenses should be higher than your income, with the situation now, I think you are in no operation, so if there are expenses, that's only very minimal, maybe the rent for the place or small expenses. Don't worry mate, you are not alone, and together we will survive and start to recover after this pandemic.
full member
Activity: 728
Merit: 100
i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon
hero member
Activity: 3010
Merit: 629
According to the scientists who made the vaccine, it took at least 1 year for the vaccine to prevent COVID-19 disease. But in one year this Corora virus will create many new mutant strains. This is really causing many difficulties for scientists. So it is really hard to say when this epidemic will end. And we will see the age of global recession going on. Many economic activities such as exchanging goods between countries will be paralyzed due to the border closure.
Is there a vaccine already to cure the infected of virus?

We cant say how long this virus will last because as long as there's a remaining people infected we we're not safe to go outside and do what we used to do before the lockdown.

So lets just hope for the best.

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