Topic: Possible solution for economic go-slow (Read 662 times)

I don't think so that opening some of the business right now are good to bring back the economy because still some of the country right now are having struggle about this out real and some of them are experiencing the second wave of this COVID like on the Philippines right now they are one of the most leading numbers of infected because previously they resume the business open and most of the establishment that could possibly make a mass gathering of people. It's better to support and fight the COVID first than making a resume to all businesses but like the food, medicine/health, and other survival needed just need to open.

While some governments asking their people to go under quarantine without any financial help so how they can survive without any money governments are supposed to come up with a plan then simply locking and I don't think governments are interested in lockdown anymore they just okay with the number of cases getting increasing because they need revenue which got more priority over the people so they are relaxing restrictions when the number are 100 times increased.

What you are conveying is the reality, then what is the solution in a pandemic condition, an undiscovered vaccine, and social restrictions? Do we just follow the government's advice without doing anything? Maybe for some people who have a lot of savings and income from some business they can calm down and just need to downsize. But for those who have little savings and without additional income, the savings will gradually diminish and run out, then the cycle changes to sell assets, if the assets are up, the cycle changes to look for loans if loans fail to pay will find loans with interest. Like running a marathon without a clear finish line so, the participants are getting fewer and fewer.

We should be able to rely on the government, but in developing countries and poor countries, liquidity is running low and even though the government has a good co-management program, there is no budget. The government for the sake of its political career does not dare to admit to its people the existing problems. So that the people are also not aware and do not prepare.

The economy are now slow maybe because of some problem one of it is the pandemic.pandemic can really drug the economy down because people cannot go to work and the economy is really become affected, and the posible solution is to find a vaccine that can kill the virus, so that the people will be confident to go to work and the economy will recover. The only thing we can do is to obey safety precaution for good.

Almost country their economic is slow and weakness because pandemic kill many industries to stop working, we faced many people lost their job and stay at home more than four months. Right now United State have loss their economic financial more than 30% and they will faced big problem in this year.

We are now in the run mate,looking at market prices 

https://coinmarketcap.com/

There are a small drop overnight today but it is not that big to effect the market prices,while i am sure some are getting out now and enjoying the profit of this great pump yet we can still see there are too much supporter standing still and waiting for the highest pump bitcoin can ever give (like me).

and the slowing of economy is real and indeed.

look what happen to the world for the last 5 months,we are in darkest of our generation  abd because of that ?we are still lucky having this value so instead of doubting?just continue holding.

That is a good point, now that the cracks are showing I hope that people should start to notice that the government that they rely on is faulty one way or another. The problem with medical industry is that most of them in the time of complacency, they are doing a breakthrough not to serve humanity but to serve the corporate bigwigs that wants profit. I hope that when this pandemic is over, I hope we apply the so called lessons that we allegedly learn from this pandemic because we will meet a collapse if we were to go back to the old ways knowing that it is shitty.

The economy in the midst of the pandemic showed its weakness in the face of a precious asset such as health. The rulers of the world will have to improve their health system and support it in its scientific and technological development.

The economic restoration of the countries will be hard because not all of them have the natural resources and monetary capital to alleviate their economies and provide answers to their citizens. It is time to support the least favored countries to get out of their problems.

Banks demonstrated that they need a transformation and must adapt to new changes. We are opening the digital age with our support for Bitcoin and the other digital assets. Our world will be more digital and we must promote that destiny.

We can't really tell if there is an impact made by the pandemic towards the crypto market, I know there is somehow but we can't have any data that will disclose the information bout the relationship of the pandemic and the crypto market.

I agree, we have seen such positive vibe with the market even we are facing a pandemic now, it seems that the weakening of the fiat is the strength of the crypto. People now might be choosing crypto over any asset even gold. this is just an assumption of mine.

Bitcoin now at $11K, ethereum at $340, XRP at 0.28, Green market ahead!

The best and possible solution for the economy to get into the process of full recovery with regards to the existence of this pandemic is to of course have the vaccine first because if there is no vaccine, even the economy have opened up due to the reason that business establishments and work places are now back in operation but with limited capacity to observe social distancing just to avoid the spread of virus, still the economy will get into slow recovery.

To be able to resolve the economic problem because of the pandemic, the discovery of the vaccine is really a must. Although the new normal approach on which working is allowed but with certain restrictions can help for the recovery of the economy, still it would be best and fast to recover if the work force will be put into maximum capacity which can only happen if the vaccine is already available.

With regards to the status of cryptocurrencies, they are not directly affected by the effect of the pandemic so there is no really in need to worry about. It is just on the financial crisis when it comes to fiat that is in need to be resolved to help the economy bounce back but as of now the solution is the new normal which is fine well at least there is an improvement to be done while pandemic is still on.

Such natural disasters occur every 100 years. But financial crises are often glimpsed in some countries. In fact, it is possible for us to overcome everything, but it takes some time. The government has to follow some important notches to survive such a catastrophic dilemma. By following those notches, it may be possible to find an economic solution. Regardless, Bitcoin is also splashing a very productive role in this confrontation. It is going to earn money and it is also going to be a very fast transaction. All in all, the government has to take a very thoughtful step and we have to pursue it thoroughly.

Agreed on the statement. The pandemic has caused the cryptocurrency market to slow down, whereas there is drastic crash with rest of the economy. Recovery isn't aimed, even the go-slow economy won't happen with the world market. One thing I've found out of this scenario, people have started to live with what they have and spending time with family. Few months back none had time to spend with family, now everyone are happy in this regard.

Good to see that there's no major impacts inside crypto market even
the entire economy around the world
are suffering right now


Categorically Yes, The market is still positive even we are experiencing this pandemic.


There's a big growth indeed if this pandemic didn't happened as halving
take place this year.

There are several things we can do to improve our life and our economy. But first of all, the vaccine is really necessary at the moment since people do not want to cooperate with their government. There are countries struggling with their people who just want to continue their work and enjoy their party despite the fact that this pandemic has killed more than 600,000 people. However, some places seem to handle this disease very well. For example: China, Vietnam, Thailand, etc. And their economy is recovering days by days. Western countries need to learn how Eastern countries have controlled everything. It might take a long time for everything back to normal. But I believe that we can defeat this pandemic with any cost

There are several solutions to recovery the economy as follows
- Open quarantine and lockdowns so people can work again and can get income.
- Providing capital assistance for small companies and home industries.
- Continue to provide financial assistance to people who do not have a job.
- Tightening the rules for implementing health protocols, so people are not afraid to activities again.
- Increase job vacancies online, so people can work from home.

It is indeed not easy to recovery this destroyed economy, it certainly takes a long time for the economy to return to normal again.

We have to be logical about this, there was never a period in time that closed down all the economical stuff in the world all together, even during war times companies turned into weapon manufacturers and everything was a hospital but even then the economy was taken a hit but people were still outside and either fighting or working except the places that was in the war. This is not a world war that was some nations, this is the whole world and that means it is everywhere in every single small town in the world.

So, when you want to recover the economy of the world it will take more than just few ideas, it is going to take time, and no matter what you do it will definitely take a long time before we can recover and heal our wounds. So, we should be patient about the situation whatever the solution we come up with.

If the epidemic had not had an effect, Bitcoin would have pumped a lot. In the beginning, the price of Bitcoin went down a lot due to the economic downturn, in which case everyone was disappointed, but now the price of Bitcoin is going up despite the economic downturn. For the economic situation, usually, the then administration of the country has to share the praise or blame. This has led to controversy over exactly when a recession started. If an economic expansion reaches a level where it is no longer possible for it to survive, the result is a downturn in the economic cycle, and the situation is corrected by a brief collapse. So it is not an easy task to distinguish the cause of any particular stage of this cycle.

They don't think about how dangerous the Covid-19 for their health. If they can understand how hard the situations and they can think about their health, they will not break the policy or protocol from the government. Many people suffer because of their losing job, and they can not make money to buy their daily needs. We hope that people realize about being healthy, and don't try to risk their life.

The cases are rising, and this is a huge threat because one has to remain careful in this times. This has impacted the economy as businesses are not operationally fully and due to which its impact will be known in coming time. We should avoid unnecessarily going out for now and take a precautionary measure. Also follow all the safety norms to stay safe and keep others also safe.

Considering the economic collapse of the global market as well as the grown countries, there is no big crash with the cryptocurrency market. With comparison to the cryptocurrency market at the beginning of the year to the present market situation  what has happened is growth. Only thing, the predictions from experts didn't come true. If the pandemic attack hasn't taken place we could've experienced a bigger growth.