Topic: Economy after COVID-19 - page 17. (Read 9008 times)

Of course, online transaction is more convenient whether using centralized or decentralized method, the positive thing it brought to us is that decentralized coins are introduce especially bitcoin. Covid-19 bring down the economy and economy is centralized so people are not only adopting by using bitcoin but mostly investing especially the big institution.

With the negativity corona virus brought as this year still it showed positive adoption towards online payments and ecommerce wherein it paved a great part to us people who are stuck inside our houses. I believe we are still be using online payments if vaccine will finally out in the market and we will be gradually making our economy healthy.

The state of the economy after the collapse of COVID-19 is still difficult to predict. Of course, it is not easy to return the economy to its original state, there will be a slowdown in economic growth. Even though now many people transact with cryptocurrency, later the central bank will still run as usual.

of course after covid 19 the world will develop gradually depending on the country in facing difficulties after the pandemic because every country must have its own way of recovering it, and for cash I think it will not disappear because not everyone in the world knows about cryptocurrency

I think most of the changes that are going to take place because of Covid have already happened now, although things may start changing back by the end of 2021 once the vaccines start to take full effect around the world. Online shopping is certainly in high demand right now and the domination of Amazon definitely accelerated with the pandemic. Online streaming (instead of cinema visits) with releases of films is definitely going to be the primary outlet as well. Anything that is possible with social distancing certainly has an advantage, whether that is sports or gaming.

You are right. Now i want to tell something about this topic. In my opinion economy will be comes back it own position when covid vaccine is comes out. Now you can say how? Lets see, when vaccine comes out that means the company dosen't gives it free lots of organisations buy from company and maybe the organisations gives it free to people but organisations have to pay. That means a lots of company start making vaccine and the are sell when the vaccine start its work people can again work without any risk the economy graph already start through medical business. And the normal business takes some time to make Their time for that time medical is equaling the grap in economy.  So i think its just a matter of some time if vaccine is comes out. Its my opinion . Now what do you think am i right.

With a new COVID-19 strain, our hopes of defeating the pandemic will vanish. We may eventually have to carry on with our lives with COVID-19 in play. Like it or not, it'll be the new normal in the mainstream world. Our economy will have a hard time recovering from COVID-19, unless everything goes digital. I have a feeling the mainstream economy will take this route as governments become desperate. It shouldn't be long enough before our lives become completely digitized. Telemedicine, telework, digital banking, virtual classes, and other trends will transform our mainstream economy in ways that were never imagined because of the negative effects of COVID-19 in the mainstream world.

Regardless of what happens with the mainstream economy in the future, the decentralized economy powered by crypto/Blockchain tech will be here to stay. We've seen from time to time how mainstream events have little to no impact over crypto. With the pandemic in play, Bitcoin and other cryptocurrencies have experienced a boost in price on the market. For the first time ever, Bitcoin has reached a new ATH of $23k per coin. This tells us that the best is yet to come for the decentralized economy as the mainstream economy collapses at a fast pace. Time will tell us what lies ahead with the world's current monetary system powered by central banks worldwide as COVID-19 continues to cause unprecedented harm. Just my opinion

The pandemic was beneficial to some, and devastating for some others. For people like me who are working in the IT sector, the pandemic proved to be very beneficial. My expenses have declined by quite a lot, while the in-hand salary has remained the same. Similarly, many of my colleagues have moved to their native places, mostly located in less-expensive rural areas form high-expense urban centers.

The pandemic has tested our strength as a people and opened loop holes in our system we never thought existed. I think this gives us a rare opportunity to rebuild and restructure our systems to ensure a better future for generations to come.

With wallet hacks increasing in frequency, you can no longer claim that cryptocurrency payments are more secure compared to the fiat payments. And while it is true that direct contact is avoided with such payments, it is true with the digital fiat payments as well (PayPal, Moneygram.etc). So what makes cryptocurrency payments better than the digital versions of fiat?

Government has to be more strict, they are the law implementer, so they should implement the law, no matter what. What government serves is the interest of majority of people, there are only few which are against the government, but they'll really implement the law, these people will certainly follow the law. I would not talk about the possible penalty or punishment they'll put in place, it's up to them, their only job is to ensure the law is implemented. 

Build back what?


The virus will probably continue to be with us for years. It has now spread to many people and now it is important to establish extensive immunity for most of us. But people will get sick and die from it for years to come. It'll be like the flu.

Unfortunately not everyone is health conscious, when people are tired of facing this pandemic, they have the courage to go against all the regulations that have been made by the government such as health protocols etc. That way, economic improvement does not always wait for the government because the people will be more aware of financial and other economic improvements, so that the economy will always be strived to remain good and balanced because it will be done all the time.

The COVID-19 virus may never be eradicated. When the vaccine comes on the market it will be preventable. The current epidemic does not have to look to the future. But everyone will be health conscious. And leaving paper notes will be more attracted to the use of bitcoin or online currency. It may take years for the government to maintain economic balance.

While the COVID-19 pandemic hasn't completely destroyed the mainstream economy, it has impacted it negatively in such as way that it'll take quite a long time before everything goes back to normal. What matters is people's health more than anything else. Thankfully, we have various vaccines ready to be distributed worldwide. This tell us that the end of the pandemic is in sight. People will be able to recover their jobs thereafter, enabling a vibrant economy like never before. How long COVID-19 will take to disappear, will greatly depend on governments and everyday people. With collaboration, anything is possible.

All in all, the crypto economy has gained traction ever since COVID-19 took the world by storm. While the mainstream economy has been struggling to get back on its feet, the decentralized economy powered by crypto remains largely unaffected by the negative effects of the pandemic. With the urging need to work remotely (online) in order to prevent further spread of COVID-19, our economic future will never be the same. It'll be a new era where people do everything within the comfort of their own home without the need to interact physically with each other. This means the end of physical bank branches, physical schools/colleges/universities, paper money, and more. The pandemic has accelerated the adoption of tech into our everyday lives. It shouldn't be long enough before our economy will look completely different than it was before COVID-19 came into existence. Just my thoughts

Several countries have submitted their own types of vaccines for research and to date have partnered with leading pharmaceutical companies to create a better product. I believe that today we are already getting certain opportunities to solve our problems.

It will take years to be able to recover from all this things that is happening. The economic crisis can not be so obvious during thia years, but after all that was being allotted and resources being spared, the effect will be hardly felt after some years. It will be difficult but it has to be done for the betterment of everyone.

The world continues to run from anxiety that even though people around the country have been entrenched in all things. Actually, many people touch this stage of economic trouble and thinking about sad moments and difficult to comprehend.at present, it was due to almost a year of separation which is proven to obey some certain protocol that it would be a defense to avoid spread out the disease, But Personally, anyone said that the dream of a person behind this pandemic is already fulfilled, however, there is nothing was made, so it's all about time to build-up and productive to recover something.  

because every country has different resources. For normal problems I think it will return to normal but the time must be different for each country because the capabilities of each country are different, so I think this will be a new hope after covid19 all countries will be free from difficulties

when many countries get a difficult situation like COVID-19, which makes almost all countries affected by the coronavirus, each country must have economic problems and each country is tested to be able to survive, of course in each country has a different resilience, strong countries surely it will quickly return to normal as usual it's just that it will take time to recover as usual all countries will definitely survive and all will return to normal as usual.