Pandemic Coronvirus Impact On Global economy - page 2.

pragna

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Quote from: gokumarket on April 01, 2020, 07:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

Actually this pandemic situation is good for some people who are keep well with family members and bad also for some people who lost their family members. But overall this pandemic situation teaches how to earn from home investment like cryptocurrency investment. People from now must think alternative safe income in different way by online as we have gotten useful with it. I think after COVID that would be new Era for all and alternative best economic system coming for all also.

thanks.

Salauddin1994

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The long-term effects of the corona virus have taken the world by storm. The market is collapsing day by day as the stock market is not being invested properly to show the financial crisis. The effects of the epidemic coronavirus on the global economy are taking a terrible turn but it will take a long time to recover. In many countries even after the lockdown the outbreak of the virus has not decreased in which case they are living in a lot of crisis.

Zackgeno96

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Quote from: Majharul Saiif on August 26, 2020, 04:41:10 AM

Definitely, the collision of this pandemic will slam the global economy. Equitable to the lockdown, everything in the country was impenetrable for a lanky duration. Its trauma is unquestionably on the economy. I think it will seize a long period to withstand this confrontation.

There was only a short term slowdown of the economy and stock markets of every country back in March but that too was shortly lived and there was a huge rebound that took back the stock markets on track. Most of the countries have suffered a lot from the lockdowns but the same can't be said about China which is said to be corona free right now or having COVID under control. I guess we won't be able to see the effect of Covid in the short term, but in long term trend there will definitely be a market crash fueled by Covid.

AicecreaME

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During this trying times, majority of companies, businesses, and banks were facing difficulties because of financial crisis. Most of the following were closing and in the verge of filing bankruptcy due to unpaid loans and generating little to no income over the past months.

This pandemic damaged and still damaging the economic growth especially those of third world and emerging countries. Most countries are even expected to have an economic recession this year. This pandemic negatively affect the flow economy, however, some sectors and industries bloomed along the way such as e-commerce and food retail.

When it comes to the effect of pandemic to the decentralize organization, i think it paves a way for new platform for people to invest and save their hard-earned money. This pandemic also made digital and online transactions more popular because of its convenience.

Majharul Saiif

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Definitely, the collision of this pandemic will slam the global economy. Equitable to the lockdown, everything in the country was impenetrable for a lanky duration. Its trauma is unquestionably on the economy. I think it will seize a long period to withstand this confrontation.

Kong Hey Pakboy

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Quote from: Shasha80 on August 25, 2020, 06:37:49 PM

COVID-19 has a negative effect on the global economy, a new breakthrough in the economic sector is needed to help the current crisis.
One of them is by adopting economic decentralization, because it is proven that Bitcoin has helped the world economy today. Even though
it is still on a small scale, the government should be more realistic thinking that legalizing Bitcoin is a positive step must be taken now.

The pandemic of the COVID-19 makes everyone suffers in recovering the country's economy because a lot of people temporarily lost their source of income due to community quarantine lockdown. I think bitcoin have helped some countries who adopts bitcoin as a safe haven that it solve their financial system from crashing during the Coronavirus crisis.

mersal

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Quote from: Shasha80 on August 25, 2020, 06:37:49 PM

COVID-19 has a negative effect on the global economy, a new breakthrough in the economic sector is needed to help the current crisis.
One of them is by adopting economic decentralization, because it is proven that Bitcoin has helped the world economy today. Even though
it is still on a small scale, the government should be more realistic thinking that legalizing Bitcoin is a positive step must be taken now.

The whole crypto market didn't played any role in the development of the world economy because the total marketcap is very less compared to the other traditional assets like stocks.gold and forex but it helped the traditional investors to realize the importance of decentralized asset/currency because those traditional assets are highly manipulated and profit making opportunities are also getting lesser there.

Mauser

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The last few big crisis we saw over the past 20 years where are financial crisis (tech stock crisis, bank crisis, European sovereign crisis) they all were involving the financial sector. Which made crypto currencies so attractive as they are decentralised and an alternative to the big banks. The corona pandemic is very different unfortunately as it affects everybody immediately and is kit abstract as in the past. We all see the immediate effects of wearing masks, closed public places and social distancing. I don't think that decentralisation is the answer to the current crisis. If people are left alone with corona they don't follow any rules anymore. Without the government and strict rules on travelling and having big meetings like sport events, the virus would have spread so much faster.

Shasha80

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COVID-19 has a negative effect on the global economy, a new breakthrough in the economic sector is needed to help the current crisis.
One of them is by adopting economic decentralization, because it is proven that Bitcoin has helped the world economy today. Even though
it is still on a small scale, the government should be more realistic thinking that legalizing Bitcoin is a positive step must be taken now.

Chrystora123

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Omicron is another FUD

Quote from: Alert31 on August 24, 2020, 10:57:41 AM

Covid 19 pandemic has a huge impact to the economy of every country but i think it is still not the the time that the government will accept decentralized economy. As long as the government has a solution for the problem they will not allow decentralize because they have no control over it. And government will find a way to recover from this pandemic.

we have to accept the fact that almost all countries in the world are led by old people who do not understand the benefits of decentralization. governments can be moderators in a decentralized economy, their job is only to supervise..

ampu

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A pandemic happened and all activities became more difficult. They avoid direct contact and stay at home communicating over the internet. It is an opportunity for electronic money and internet services to flourish. Decentralized communication saves us time and convenience. They can order food, transfer money online, they read newspapers, communicate, study online. I think the pandemic is a time to help people better understand the value of the internet.

wiss19

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Quote from: gokumarket on April 01, 2020, 07:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

Do you really think that is true? The way I see things, there isn’t really that decentralization that you’re talking about, because there are other payment methods out there that lots of people are using. I’m only able to make use of my Bitcoin on the Internet and it’s mainly on transaction between me and some Business partners, but when it comes to making purchase of things I need, the payment that I can only make use of, which is what’s widely accepted, is card payment.

Another option that I see everywhere is PayPal. And when it comes to making payment when I’m in stores, they only accept my card, because POS is their payment method. I wish I can use Bitcoin or another online payment, because I don’t really like them touching my card lol.

Alert31

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Quote from: gokumarket on April 01, 2020, 07:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

Covid 19 pandemic has a huge impact to the economy of every country but i think it is still not the the time that the government will accept decentralized economy. As long as the government has a solution for the problem they will not allow decentralize because they have no control over it. And government will find a way to recover from this pandemic.

carter34

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Quote from: gokumarket on April 01, 2020, 07:14:15 AM

Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

I say it could be an opening and my reason is because the way to avoid covid-19 is to avoid touching of affected substance and money which is a physical substance is likely to be a transmitting way. This makes buying and selling affected because money is used for payment.

NelfiNovita

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the impact of the covid-19 pandemic, namely the occurrence of a stop in the production process of an item to be exported and an increase in the price of goods and services. In the real world, we see many problems that occur because of Covin-19, but different from the virtual world in bitcoin, the market price of cryptocurrencies has increased. bitcoin and some altcoins that experienced price increases during the covid-19 pandemic, I see more investors buying bitcoin and altcoins to hold until the price reaches its highest peak.

iyamoxjhian

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since pandemic is still spreading out..it would be hard for companies to operate since it is very risky for the safety of it's people and the management of the company.. so for those people who knows how bitcoin works and how to do it may continue to do it so we xan rely something for source of income.. this would also helps the community to fight covid because while were working with bitcoin at home..were giving our frontliners enough time and space to survive and win the chaos.

yohananaomi

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Quote from: sarmrakib on July 15, 2020, 09:37:16 AM

The world are facing a serious virus it has many days passed we could not recover the situation .Now we are watching the decentralized way of of doing everything here in crypto is being opened highly .we are more depend on the system and it has proved that we need the system in our ordinary life as well .Hope for the best time to prove more .

Obviously the existing system in Crypto is very good and is indeed needed at a time like the current pandemic. agree with you that now everyone really needs and must depend on the existing system, because after all the system requirements that currently exist in crypto are very reliable and necessary and very necessary.

although ultimately the system inspired many electronic money growth as a substitute for manual payment methods. at the time of a pandemic such as this it is indeed needed a lack of interaction related to direct contact. hopefully this will still be able to move the world economy can still run well, without relying on manual payments again.

sarmrakib

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Vave.com

The world are facing a serious virus it has many days passed we could not recover the situation .Now we are watching the decentralized way of of doing everything here in crypto is being opened highly .we are more depend on the system and it has proved that we need the system in our ordinary life as well .Hope for the best time to prove more .

shoreno

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Quote from: Rono on July 15, 2020, 03:45:14 AM

On going this corona fact lots of losses occurs the globally.This is really a pathetic situation lots of people are lost in their Job.Many people are in critical situation.Economy falls down we see Dollar price are falling and many more currency are low.Economy crashed out badly in this case Cryptocurrency can be better option to choose already Canada accept bitcoin.It will open their economy growth rate and repair their economy status.

crypto can be a better option to use as a currency now but i dont think crypto can recover the economy . so what if canada already accept bitcoin , is bitcoin banned on this country before ? many countries already accept crypto but still no improvement on the economy right after covid starts .

its useless if they allow crypto because people cant still use it when they dont have a money due to the effect of ncovid where people losses thier jobs .

Rono

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On going this corona fact lots of losses occurs the globally.This is really a pathetic situation lots of people are lost in their Job.Many people are in critical situation.Economy falls down we see Dollar price are falling and many more currency are low.Economy crashed out badly in this case Cryptocurrency can be better option to choose already Canada accept bitcoin.It will open their economy growth rate and repair their economy status.

Topic: Pandemic Coronvirus Impact On Global economy - page 2. (Read 1171 times)