Pandemic Coronvirus Impact On Global economy - page 3.

abhiseshakana

legendary

Activity: 2254

Merit: 2253

From Zero to 2 times Self-Made Legendary

Quote from: coolcoinz on July 12, 2020, 09:10:26 AM

Most people are already safe. With 1% death cases there's really nothing to be scared of. You should rather worry about possible mutations that will surface in a couple years.
The problem with these respiratory viruses is that they will keep coming and may one day be the cause of our extinction. Not yet though.

Numbers will only be numbers if read without analysis. Data without analysis does not become information, information is strategized to become knowledge, what is needed by many countries is knowledge, not raw data or information that is half-measures. In fact, a pandemic with a mortality rate of only 1% is enough to make waves in the world economy, ranging from superpowers to poor countries. Coronavirus may not need to be feared, because the death rate is not as high as Ebola, but the fact is the damaging effect on a large scale and broad and multi-dimensional. The Corona pandemic created a momentum of opportunity and created panic.

coolcoinz

legendary

Activity: 2814

Merit: 1192

Quote from: Subbir on April 18, 2020, 09:21:12 PM

I accept as true with you we'll soon be saved from this epidemic within the meantime many countries have gone into recovery and therefore the remainder of the country is on lockdown to guard themselves. However the impact of the pandemic coronavirus on the worldwide economy won't be easy to beat.

Most people are already safe. With 1% death cases there's really nothing to be scared of. You should rather worry about possible mutations that will surface in a couple years.
The problem with these respiratory viruses is that they will keep coming and may one day be the cause of our extinction. Not yet though.

Heart18

jr. member

Activity: 210

Merit: 2

There's a huge negative impact in many forms all over the world especially the economy. I guess, everyone knows that since we are all experiencing numerous losses in different kinds.
Decentralized economy or Cryptoworld industry is really useful now for some traders and investors...also for those who losses their jobs and started learning to work here, it would be fine this time. But, it can only help us with few things in the row because not all countries accepts cryptocurrency legally.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

IMO, the impact on the economy varies from one sector to the other. For example, some of the sectors such as Airlines and Hotels are near collapse as a result of the lack of business. On the other hand, there are some other sectors, such as eCommerce which have seen an increase in the revenues. And at this point, it is too early to talk about the long term impact on the economy.

hunter7519

newbie

Activity: 27

Merit: 2

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

The epidemic had a negative impact on the economy. Restrictions have limited production and consumption possibilities in many countries. There has been economic stagnation and recession. Unemployment and social dissatisfaction have increased. In addition, central banks have mass printed money, which will result in rising inflation and loss of savings for some people. In addition, the restrictions introduced in many countries still prevent the return to production and trade before the epidemic. I am afraid that after a period of temporary economic stabilization there will be another economic crisis or violent socio-political events.

panganib999

hero member

Activity: 1750

Merit: 589

Even though the reality is that the whole world is affected by the covid-19 pandemic, still it does not lead the way for the promotion of using cryptocurrencies or getting into a decentralized economy because even if it is said that virus could be transferred through physical money (paper money) or fiat, still people have many ways on using fiat such as sanitizing their money or frequently using sanitizing stuffs right after handling money and also there is digital banking and apps where you can pay cashless and also credit cards if you want.

This pandemic has nothing to do on the increase of demand of using cryptocurrencies because here in my country, even people are aware and knowledgeable about using Bitcoin to avoid the physical contact on using paper money, still they prefer using the ways I have stated above since using crypto is still not supported by our government and even merchants although it is not prohibited because we can use it but on our own risk only.

FanatMonet

hero member

Activity: 742

Merit: 507

Quote from: camito on April 21, 2020, 10:02:26 AM

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

Having a 'decentralized' economy means having no one to control it. We might see the flexibility and volatility of Bitcoin having these characteristics but the economy won't function in that way. It can sprout rivalry and a messed up organization. The COVID-19 even spanned out doubt and fear, so naturally and practically, people will clung out to the government. Asking for food, goods, and necessities. Online transactions might be a safe way yes, but people need reality and they have it with the government.

A decentralized economy really does not have any advantages over the ordinary, especially against the background of various situations that have a very strong impact on the lifestyle of an overwhelming number of people, so the search for salvation in a decentralized economy is in vain.

camito

jr. member

Activity: 301

Merit: 3

DAEFROM.com

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

Having a 'decentralized' economy means having no one to control it. We might see the flexibility and volatility of Bitcoin having these characteristics but the economy won't function in that way. It can sprout rivalry and a messed up organization. The COVID-19 even spanned out doubt and fear, so naturally and practically, people will clung out to the government. Asking for food, goods, and necessities. Online transactions might be a safe way yes, but people need reality and they have it with the government.

Subbir

full member

Activity: 798

Merit: 104

🎄 Allah is The Best Planner 🥀

I accept as true with you we'll soon be saved from this epidemic within the meantime many countries have gone into recovery and therefore the remainder of the country is on lockdown to guard themselves. However the impact of the pandemic coronavirus on the worldwide economy won't be easy to beat.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

It has a huge impact in our economy almost all of the market are affected by it. Stock, Forex, commodity, those market crash because of the pandemic and it affect a lot of people. Lock-downs are being implemented all over the world triggering the economy crash and all of the other markets. Bitcoin/cryptocurrency is actually not exempted there, it also hit by a major crash recently. Every crisis like this will expect a market dump so, it's better if you have savings and you diversify your asset really well.

Quote from: super bako on April 18, 2020, 12:32:12 PM

this is caused by slowing economic growth due to the co-19 pandemic. This delay is marked by the deteriorating external environmental conditions and weakening domestic demand along with declining business and consumer sentiment. commodity prices and financial market turmoil.explained co-19 conditions for the global economy caused very high uncertainty and reduced the performance of global financial markets, depressed many world currencies.

Every work and almost all of the business are on paused right now, so it's expected for markets to crash. Let's just hope that this is going to be cure soon, the world is on focus on eradication the virus after this, we will be back on our normal lives.

brotherwood12

member

Activity: 686

Merit: 30

i think that not what we called "decentralized" also when u mean we depend on goverment it also just a while . so i think its not

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: odolvlobo on April 02, 2020, 12:29:53 AM

That's not what "decentralized" means. Decentralized means that nobody controls it. Communism is based on a centralized economy. Capitalism is decentralized.

I would say that Capitalism is centralized by rich people. You need capital to enter market but at the same time on market there are so giant players, they can dive you deep if they wish. See: THESE 10 COMPANIES CONTROL EVERYTHING YOU BUY
Communism is better for poor and average people but of course you need a good management in government for that. It has it's pros and cons, a lot of old people from post soviet countries would say that they had better life in past but huge disadvantage of this was that they wouldn't show you what was happening around the world, communism is like a living in closed area.
But capitalism that exists nowadays, has developed more likely as invincible monopoly where companies with biggest capitals (richest and stronges companies like amazon, walmart, google, facebook and etc) control what you buy, when you buy, what you write/think and etc. Problem here is that along government, there are companies run by non government people whom have huge control on us.

verita1

member

Activity: 1358

Merit: 81

The Coronavirus Covid19 will undoubtedly have a great impact on the economy. Because there is still no cure and the projections are not favorable. The leading countries in the global economy are being hit hard by the virus. Regarding the crypto market, it has recovered a little and I have seen that the public needs to send digital money because the banks are closed due to quarantine.

super bako

member

Activity: 1316

Merit: 10

this is caused by slowing economic growth due to the co-19 pandemic. This delay is marked by the deteriorating external environmental conditions and weakening domestic demand along with declining business and consumer sentiment. commodity prices and financial market turmoil.explained co-19 conditions for the global economy caused very high uncertainty and reduced the performance of global financial markets, depressed many world currencies.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: Saisher on April 17, 2020, 07:32:27 PM

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

How can that be when everything depends on a centralized government and every country depends on each other for progress and development I don't think things will change at all and bedsides this is not permanent once we find the cure it's back to normal for all of us.

but is there really a cure?or just a way to prevent from being infected ony. though you are right that once this pandemic stops then we will see market in good way again if until when?thats the question and something to wait for.
what is important now is we remain safe from the virus and willing to wait for the Bullrun again.

lepbagong

full member

Activity: 2268

Merit: 121

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: KrisAlex18 on April 18, 2020, 01:59:43 AM

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

As what we have experiencing right now, as virus still existing around the world, the cryptocurrency gets so much exposed of using it because it avoids people from going outside, the use of cryptocurrency maintains the social distancing which we really need to prevent the risk of spreading the virus.

But I think decentralized economy will not allowed in the real life economy because for me cryptocurrency is only applicable as alternative to fiat currency because cryptocurrency won't replace fiat currency.

the existence of an epedemic does not guarantee that the priority to keep distance so as to avoid transmission by staying quiet at home, will be equated with the demand for a decentralized economy will increase. because it can't be equalized that all will do crypto. because anyone can look at the epedmic with no worries, but who sees with anxiety then he will not think of crypto.

developments that have advanced and almost all make economic action also follows developments. crypto is a very important progress and can be an alternative and support the economy although fiat is still a legitimate exchange and cannot be replaced until now.

KrisAlex18

full member

Activity: 742

Merit: 160

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

As what we have experiencing right now, as virus still existing around the world, the cryptocurrency gets so much exposed of using it because it avoids people from going outside, the use of cryptocurrency maintains the social distancing which we really need to prevent the risk of spreading the virus.

But I think decentralized economy will not allowed in the real life economy because for me cryptocurrency is only applicable as alternative to fiat currency because cryptocurrency won't replace fiat currency.

Saisher

full member

Activity: 2324

Merit: 175

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

How can that be when everything depends on a centralized government and every country depends on each other for progress and development I don't think things will change at all and bedsides this is not permanent once we find the cure it's back to normal for all of us.

Averim

member

Activity: 515

Merit: 12

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

No, wont happen but in exchange the number of people working from home will grow, so perhaps companies will use the crypto technology to transfer all kind of data and verify services, so there is something good in it.

iv4n

legendary

Activity: 3332

Merit: 1191

Quote from: exstasie on April 16, 2020, 04:25:37 PM

Quote from: iv4n on April 16, 2020, 03:15:21 PM

Now Americans will get $2000 every month, I will get $130, where are other countries and how much they will give we will see, but for whom is that help actually? Do you think it's fair distribution?! Who is printing money and deciding whom to give and how much?! And if you are born in wrong place you will get nothing? Is that fair?!

LOL, look at where some of the $1,200 stimulus checks are going too: Stimulus checks are being spent on dildos, tigers, guns and stripper poles

The IRS is sending $1,200 stimulus checks to dead people

It turns out there is no logistical way to quickly infuse cash where it's truly needed. You either drop it from a helicopter, or people starve.

I am not expecting this "$2,000 per month" bill to pass Congress either. If it does, that number will be cut down significantly.

Well my point is that system is not fair! With this money they are buying votes to stay in power, and probably they will buy a lot of people with this money! In my country it's even worst, people will sell their votes for silly $130, I already hear some people talking how it's a good thing that president will help! System is shit, huge shit, and it's not fair. I get that in animal world there isn't word "fair" bigger will eat smaller, wolfs will eat ships, but we are humans? Are we animals? Can we elevate our minds and be above all this shit?! To be fair to each other?! On global level, not just for fellow neighbor, I mean for all the people, without borders, nations, skin color and all that crap!

Topic: Pandemic Coronvirus Impact On Global economy - page 3. (Read 1173 times)