Covid lessons learned know when to finish - page 2.

shield132

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Quote from: cryptoboss2020 on January 20, 2021, 09:43:06 AM

Covid shows us you must know When to finish.
When your business doing too good you have to sell it.

Why do you have to sell your business, especially when it's doing well? There are exceptions when well-performing businesses are sold but that's done for better and/or usually, the merge happens.

The businesses that had roots deeply in digital world or those who quickly implemented the new technologies, succeed during and after the Covid. Also, no one could predict the Covid and even when WHO/China was warning the society that there was a threat of serious virus, none country was taking it seriously at first. It's very hard or almost impossible to predict what will happen in your business or in your niche, what kind of competitors will arise and etc.

AniviaBtc

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This is somehow correct especially that we have different businesses and different investment before and during this pandemic comes.

If you think that you need to adjust and recover from all of the hardships that this pandemic brought to us, then be flexible and adapt in this kind of situation.

There are a lot of opportunities online that you must study and try, cryptocurrency is one of the hope of some people to survive and secure their future.

xSkylarx

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Quote from: Xinarae* on July 28, 2021, 10:50:36 PM

Quote from: john_nautica on July 15, 2021, 10:52:20 AM

Quote from: Xinarae* on July 15, 2021, 04:58:09 AM

Those who have invested in the virus before have made a profit but it is foolish to sell it in panic although the price of currencies decreases, the value increases over time. We have learned a lot from covid but there is no guarantee of when it will end when the price goes down it's time to hold on efforts to avoid such disasters have led to unprecedented calls for social distance, forced lockdowns and closures. Schools and businesses will try to limit COVID-19 transmission we must always avoid it.

The lockdowns and restrictions that are happening because of Covid-19 pandemic caused a great deal of damage to businesses. Yes, it is correct that this pandemic taught us many lessons such as the timing of selling of assets. But, of course in these unprecedented times, faith in whatever we are holding to like hope for recovery, belief in God’s grace and many more are also being taught to us.

Despite complying with the lockdown the business is not improving it is not possible for business to rise until the economy rises. The economy is going downhill to keep everything off workplace conditions will get worse the covid man has learned a lot and is able to control everything even when it is off.

Agreed, the majority of the business's capacity works only about half of the time, so it is really half, and it is extremely difficult to travel to other places, which has a significant impact on the business. You are correct that if the economy improves, all businesses will follow, but for the time being, it is extremely difficult due to the ongoing pandemic. What I've learned since the covid is that we should save. A lot of people, including myself, have lost their jobs, and it's really difficult if you haven't saved any cents to spend on your needs. It's also very difficult to find a job, so the best thing to do is have a savings that can last 6 months or more so that you can prepare well incase of this kind of emergency.

Xinarae*

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Quote from: john_nautica on July 15, 2021, 10:52:20 AM

Quote from: Xinarae* on July 15, 2021, 04:58:09 AM

Those who have invested in the virus before have made a profit but it is foolish to sell it in panic although the price of currencies decreases, the value increases over time. We have learned a lot from covid but there is no guarantee of when it will end when the price goes down it's time to hold on efforts to avoid such disasters have led to unprecedented calls for social distance, forced lockdowns and closures. Schools and businesses will try to limit COVID-19 transmission we must always avoid it.

The lockdowns and restrictions that are happening because of Covid-19 pandemic caused a great deal of damage to businesses. Yes, it is correct that this pandemic taught us many lessons such as the timing of selling of assets. But, of course in these unprecedented times, faith in whatever we are holding to like hope for recovery, belief in God’s grace and many more are also being taught to us.

Despite complying with the lockdown the business is not improving it is not possible for business to rise until the economy rises. The economy is going downhill to keep everything off workplace conditions will get worse the covid man has learned a lot and is able to control everything even when it is off.

Tina H

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No one knew about the accident in advance. Hearing the news did not feel terrible at first. Just like some natural disasters, we are powerless in front of it. During the epidemic, the family had no income and no source of financial resources, but we still had to spend money on purchasing necessities, which made me miss my days at work. The blockade has had a huge impact on life and the country. I hope we can get through all this safely and through this darkness.

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Quote from: Renampun on July 21, 2021, 06:13:45 AM

Quote from: cryptoboss2020 on January 20, 2021, 09:43:06 AM

...

covid actually made me realize that there are some businesses that must be avoided during the pandemic...

my friend is a cargo entrepreneur and his income during this pandemic increased 4x than usual, this shows that business in the essential sector is very good during this pandemic.

Since this pandemic, running a business in conditions like this is not easy and some have gone bankrupt too.
but not all experience the same thing because on the one hand there are some businesses that have increased during this pandemic

paxmao

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It is often said by fund managers and stock owners that it is more difficult to know when to sell a stock that has done well but it is past its growth than actually finding something to buy that might be interesting. However, if you are referring to bitcoin specifically without saying, I would argue there is an excellent case for having a good hodl for now. I think it is far from its full potential ... but who knows, after all and as I said, knowing that is more difficult that just buying.

The COVID for now has been just a bump, however the long term effects will certainly come to greet us, starting with an immense level of debt.

lixer

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Quote from: cryptoboss2020 on January 20, 2021, 09:43:06 AM

Many people who sold their assets before covid was right about.

Good example are all kind of business with debt and own rent money to landlords.
Conclusion: dont Stay on something too long know When to finish and Move on!

Lesson learned dont stay too relaxed cash out and Move on!

Yeah sure, we should all know when to finish. But Covid bringing down the price doesn’t mean that you’re only sell your assets, the decrease in price of assets provides another opportunity. I sold a huge part of my assets when the Covid started and the market started falling. I sold some of my holdings and took a break, but later I started to view the market differently.

I started to see the crash that was caused by the Covid as an opportunity ; as we are being told, you should buy low and sell high. So I started to see it as an opportunity, since the market is down it would be a good time to buy and hold till the market is up. And that’s what I did. So when the market starts going down, it is not only a time to sell, it should as well be a time to prepare for another buy.

Kasabus

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Quote from: mbe48 on July 21, 2021, 07:55:04 AM

I don't think that's true, because previously we didn't think there would be a covid outbreak. It is this panic that makes people forget what to do, and an instant way to earn money by selling some assets for necessities of life. Even though what was sold was far from profitable. But that's natural, but for now we know how to store assets properly. Save for the long term, and we must learn to predict what will happen in the future Because expectations are usually different from what we think

Covid has come unexpectedly and nobody has prepared for it. So selling those assets before covid attacks has nothing to do with it. But with the lessons we learned out from this pandemic, i think we are starting to learn from them.

However, while others are falling apart, crypto unexpectedly made it to the top. It helps us a lot to sustain our necessities while we are facing this pandemic. And the very best thing i've learned today is have your own savings. It will help us a lot not to starve and survive especially when this unexpected crisis hits the world.

Silberman

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Quote from: Viscore on July 18, 2021, 04:59:41 PM

Quote from: mckinleeanael07 on July 18, 2021, 11:47:28 AM

everyone will have a lesson from each other as well as the price of BTC increased before the covid epidemic became severe and those they sold before was a right action, there were also some who did not sell and they became loss , as did some investors from years ago who invested in ponzi schemes and learned their own lessons about the ponzi market . Everyone will have different situations and lessons, that's my opinion.

This pandemic will definitely leave us lessons that will help us to be more wise in the near future. With crypto that comes to survive from this pandemic and is even doing great things despite of lots of businesses that failed, i hope everyone will come to realize particularly the government that bitcoin has a lot way to offer especially in this most crazy times that will be very profitable in improving the world's economy.

It will sure help some of us but not everyone, this pandemic is not even over yet and people are already doing some incomprehensible stuff, where I live we are seeing an increase on the number of people that are getting the virus and most of them are young, they stopped using the masks and did not took as many protection measures as before and despite having some vaccines available they are not taking them, which is frustrating because if those people have not learned despite the pandemic still being in place then they are never going to learn.

mbe48

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I don't think that's true, because previously we didn't think there would be a covid outbreak. It is this panic that makes people forget what to do, and an instant way to earn money by selling some assets for necessities of life. Even though what was sold was far from profitable. But that's natural, but for now we know how to store assets properly. Save for the long term, and we must learn to predict what will happen in the future Because expectations are usually different from what we think

Renampun

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Quote from: cryptoboss2020 on January 20, 2021, 09:43:06 AM

...

covid actually made me realize that there are some businesses that must be avoided during the pandemic...

my friend is a cargo entrepreneur and his income during this pandemic increased 4x than usual, this shows that business in the essential sector is very good during this pandemic.

awik p

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Quote from: Lorence.xD on July 21, 2021, 03:56:59 AM

The lessons that I've learned in this pandemic is that I live on privileges and I have to cherish every moment and that I have to be really be careful. I also learned that our government is really rotten during this pandemic, they care more about their image rather than the response to the pandemic, they care more about embezzling public funds and electing convicted criminals in the senate than care for the people.

The same thing happened in my country, when the people needed it, there were officials who ran away from aid funds, which is ironic indeed. but at least we already know the nature of this virus, so we can anticipate it by increasing our body's immunity. I think awareness should start from ourselves for our family and for others

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I beg to differ. Did you know that the growth rate of the video conference company Zoom increased 30-fold in April, 2020, as the coronavirus pandemic forced millions to work, learn and socialise remotely? What if Mr Yuan who started the company in 2011 decided to sell it just before the pandemic?

So you see, everyone has had a fair share of their lessons learned from/during the pandemic and definitely, knowing when to finish can't and shouldn't be generalize across the board.

https://www.google.com/amp/s/www.bbc.com/news/business-52884782.amp

Shamm

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The lesson I've learned in pandemic time that how to value life's without any condition. In pandemic time are very hard an as I observed more people live difficulties an a lot of employees lose their job and we're worried cause No Work No Pay, that's the problem we worried more cause we need to eat three times a day an not that just we have also a family and children to be fed.

Pandemic time is making life vulnerable specially to the lowest class people they will be problematic about their every day needs and Foods. It is good that the Government also support their nitezins everyday in everything they need . I've learned also in pandemic on how to cherish the family we have , and sacrifice all the hard job to gain money for the family an to sustain their needs.

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Quote from: Lorence.xD on July 21, 2021, 03:56:59 AM

The lessons that I've learned in this pandemic is that I live on privileges and I have to cherish every moment and that I have to be really be careful. I also learned that our government is really rotten during this pandemic, they care more about their image rather than the response to the pandemic, they care more about embezzling public funds and electing convicted criminals in the senate than care for the people.

sad to hear that , Politicians are focusing in their plans without giving more care fror the dying people .

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

What I've learn from Covid is that I must Value life more , and be aware that this cause will happen letting me understand how to Keep my funds intact if the expenses is not that badly needed.

Lorence.xD

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The lessons that I've learned in this pandemic is that I live on privileges and I have to cherish every moment and that I have to be really be careful. I also learned that our government is really rotten during this pandemic, they care more about their image rather than the response to the pandemic, they care more about embezzling public funds and electing convicted criminals in the senate than care for the people.

Kiley33

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Due to COVID-19, many people know cryptocurrency. Because of the virus, everyone can't go out to work, so they understand cryptocurrency and enter the cryptocurrency market. Because you can make money at home, and because there are many altcoins issued, there are also many scammers, and many novices have been scammed, but I hope everyone can learn from the experience and hope that COVID-19 does not happen. Now that it has happened, lessons must be learned. Do your own personal hygiene.

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Many people have learned their lessons with the existence of the pandemic due to the Covid-19 situation we are experiencing right now. It is understandable that people will sell their assets or even businesses for the sake of earning money to support financial needs of yourself or even your family. But still the decision to do so, will depend on the individual if that will be for long term solution or just for the sake of fulfilling the temporary needs that is why they have tend to come into an end.

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Quote from: kapalmabur on July 19, 2021, 10:32:18 AM

It's good that you can look at this pandemic in a positive way because after all there must be positive and negative sides,
with this pandemic indeed many people do activities at home and of course it makes them bored,
therefore not a few people are also learning new things in the midst of this pandemic

There is no positives in a fucking pandemic, there is no job and once who are working are not getting their salary on time and if you are having a loan then you are doomed and there is no way to know when everything goes back to normal, so there is no positives but the priorities you had before have changed drastically and that includes the mindset and people learned to adjust and follow order.

Topic: Covid lessons learned know when to finish - page 2. (Read 624 times)