Topic: COVID-19's "New Normal" is Creating Opportunities in Crypto - page 2. (Read 1114 times)

It seems like what you are saying that what you are doing by joining the bounty and until now has not been paid, I do not believe only because of the lockdown due to the pandemic, but they may indeed delay because they don't want to pay because now many scammers are doing things they can by anything for own benefit, so don't trust someone like that. The pandemic is not really directly related to crypto, the proof is that many projects are still running and paying even though the value is not large because investors are still sorting out projects that can indeed bring profits because of the many frauds.

This situation is really unusual but you are right. This pandemic brought some opportunities in Crypto industry and we can't deny that a lot of individuals now are learning about bitcoin not just because the world is fully digitalized but because crypto industry offers great earning that can really help us sustain our needs amidst of this crisis. However, as a hunter here, my income wasn't that good since this lockdown started because many projects here got failed and I haven't get paid. But, yes - we should always be positive and keep moving on, after all, our hard works will be greatly paid off somehow.

I will have to agree with this, cryptocurrencies are great tools but by themselves they do not really generate jobs, jobs are generated it by entrepreneurs taking advantage of this new technology and using it to create something with it, an example of this are casinos, casinos existed before cryptocurrencies but when they saw the possibility to offer their game and at the same time offer a great deal of privacy and instantaneous payments entrepreneurs created an industry where none existed before, and while the number of jobs related to cryptocurrencies are slowly increasing I do not think we can expect this industry to solve the problem of unemployment around the world.

And how is it exactly that cryptocurrency creates employment for the unemployed? Because I haven't seen anything of the sort, and can't imagine how cryptocurrency actually anything because cryptocurrency doesn't employ anybody the same way a hammer doesn't employ anybody. It's just a tool, but you still need people who create businesses that need the tool in order to create jobs. Cryptocurrency itself is an unproductive asset, it doesn't actually do anything.

Based on your opinion what is new normal meaning depend in your country? I think almost government have been mistake with new normal activity after pandemic covid 19 still exist and many people become the victim every day. How come government believe with new normal during many people added become covid 19 victim, should have new way how to stop corona virus without take word with new normal only, show how your method working to stop covid 19 and make the world bring to better and normally. We can't free to make activity after covid 19 and have to stay at home always.

Yes, during the lockdown I was thinking,all hope is lost as a graduate, until I began to make online research to discover how cryptocurrency can create employment for unemployed.
There are many opportunities in cryptocurrency which you don't need to pay tax to government befor you can join the platform.
Many people are making money in this lockdown through the knowledge they acquired from blockchain industry.

The governments can't promise anything right now, because the WHO hasn't approved any of the vaccines. None of the vaccines have completed the Phase 3 trials and even after the phase 3 trials there are a lot of other regulations and action items to follow. I am not expecting anything before Q2 2021. Politicians can make empty promises regarding the vaccine, but they are not going to get realized.

If we see the latest news from China, the vaccines have been used and applied to its citizens. and those who find that they have been awarded, are shown that at that time they no longer use masks which provide assurance that it can be handled, but hopefully this is true and we are just waiting for other countries that have also followed suit.

but I am not sure that the price will go down because they work while they are always at home. because for a large investment, marketing is needed which must also work and not only through social media, but face-to-face and provide information and questions and answers so that investors trust more. So the concept I don't think will happen that the crypto market will remain vibrant. Remember that the Halving is not entirely new next year.

Now most government are announcing that the Virus vaccine will be available soon,either end of this year to 2nd quarter of 2021.

If the speculation is correct,market will fell down again in first quarter of next year so we need to be aware and observant because we may lose in waiting
or in market dumping.

The same thing goes with the pandemic now, but here i think we have two choices, first is to make the most out of the pandemic which means join campaigns or anything that will earn you money and the same things goes with people who are now starting doing jobs in crypto because of the pandemic and lastly is to just stay as you are, do not do anything and continue just how you normally do everyday and miss every opportunity crypto is offering to you.
In my opinion opportunities is always there even before the pandemic, there is plenty of opportunities waiting for you to grab them so i really depends on you on how will you act, how will you make quarantine good for you even if you are just home.

By good connectivity I mean proximity to major highways or airports. You can't run a business sitting at home. You need to meet the clients and take part in exhibitions. In order to do that, you need to travel frequently. In case you are located in a remote region, then that may hinder your operations. If you are unable to travel, then the clients may dump you and chose some of your competitors. That's why I said that having a good internet connection alone doesn't guarantee anything. It can be a major help, but you need to take care of the other factors as well.

I believe that the reality in the world there are very bad people and there are people who are out to do very good. Just to give an example for COVID period for example, there has been people who have bought masks in bulk for cheap prices and try to sell it for very high margins to make profit, but also there were people who bought in bulk and distributed for free as well.

As you can see it is the same subject, just a mask and yet there are two very different people who approach to it. Obviously this is not something we could be very much aware of because most of the time this difference is not so obvious but if you are a person who tries to make a profit out of the misery of other people, you are not doing something right and that is not opportunity but a bad thing.

During the new normal phase many cryptocurrencies are rising that's because of the huge demand by the people who prefer to stay and home and invest or trade to make some more money. During this time, many new crypto project are started to work and many project rising hardly. This situation made some people worry about the covid-19 vaccine because according to the theory above, the cryptocurrencies rising during this time may fall after new normal phase ends.

Maybe in the world of crypto he mean for that, because to be honest internet connection is the top requirements to avail, to access and to connect to this kind of business. For me, having good internet speed or connection can make me more enthusiastic to this kind of business because I can see a great future on this.

When this pandemic starts, almost people look for other way to earn money, because most of us cannot go to work or lose their work. If you really dig in, you can see there are lots of opportunities behind this, all you need is patience and more understanding.

good conectivity and fast internet is the same but you said internet speed is not the basis of success which is also true because there are people on far locations that are still succesful on their career and there were people that grown in a good life but they are uneducated or unemployed . the way you said connectivity, maybe you mean connections to other people .connections are also essentials to success because you can ask people or people you know can recomend you if they see that you have a skill on that area .

Now we have quality internet connection in every nook and corner of the world. Earlier, the internet users were dependent on broadband connection. It was expensive and the coverage was sparse. But with the advent of 4G, cheap mobile internet became available in remote and isolated regions. But in order to develop successful businesses, a fast internet connection alone can't do the trick. You also need skilled workforce, government support, good connectivity.etc.

As for us working with crypto, we can see opening of opportunities brought up by this pandemic for we can see an increase on the prices of the cryptos we hold for too long and we tend to stay indoors focusing in front of our gadgets waiting up for great chances and opportunities that can be gained for looking after our trades because we are now freely monitoring it due to we have nothing to work on at this pandemic since office works are not present due to existing lockdown that brought work places to temporarily close. Many people who came from investing into the stock market do also manage to get into investing into crypto after a great crash that happen on stocks all due because of this pandemic which makes people realize and see that there are great opportunities that can be found in crypto which this new normal that relies and depends on technology and digitalization have unlocked.

Indeed. Developing countries might have more successful businessmen, programmers, entrepreneurs, etc., If they all have a fast internet connection. Having a slow internet connection or having a bad Internet service provider will not give you enough opportunities to keep yourself grinding in the world of crypto or your online business because you will only get limited access or will slow you down to keep your job done.

Another problem in some countries is a poor connection to the internet. Here in our country, most of the people are techy and have a lot of knowledge on different platforms. They can easily create businesses during the pandemic and the advantage of that is they developed their skills. But the only problem is the internet speed, it's very slow and can't even manage the inquiries of the customers and it's considered a business failure.

Some are gaining opportunities on cryptocurrency by investments and some are joining Ponzi because they lack knowledge about it. If we have just a good and reliable ISP, maybe our country is one of the developed countries in Asia because we can do a lot of things on the internet.

Shutting down businesses and money flowing through stocks, gold and bitcoin aren't related.  These two things are actually in contradiction to each other and there is a specific set of circumstances that have created this scenario.  When economic activity shuts down, there is less wealth in aggregate in the economy.  Excess wealth is what boosts asset prices of things like stocks, gold and bitcoin.  However, stocks have inherent value as they represent a legal ownership of the share of profits of the underlying business, so theoretically even with decreased aggregate wealth in the economy there is a floor under which you would not expect stocks to sink, or at least not sink below and stay for very long.  Neither gold nor bitcoin generate cash flow or profit, and have no inherent value; they are only valuable because large groups of people agree they are.  Since there is decreased aggregate wealth in the economy due to the economic shutdowns associated with the pandemic, we should reasonably expect to see asset prices decline, save for the offsetting of people fleeing riskier assets (like stocks) and into perceived safety assets (like gold).  And no, bitcoin is not a safe haven.  The reason we're seeing the stock market make all time highs with such a depressed economy is that the Fed is forcing tremendous amounts of new liquidity into the market, and that's depressing yields on bonds and treasuries.  Now money has to chase yield by moving into riskier assets, like equities.  This is what is boosting stock prices.  Because this is artificial and not driven by underlying improvements in the economy, I don't see anyway this ends well down the line.