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Topic: the billion dollars question - page 2. (Read 563 times)

thesmallgod
full member
Activity: 1498
Merit: 129
Re: the billion dollars question
August 11, 2020, 08:31:47 AM
#34
Quote from: sunsilk on August 10, 2020, 06:11:26 PM
I also don't think that IT is dead. If it's dead, there's no more internet matter of things and websites. Because if it's dead, we won't be seeing YouTube, social media, and other popular websites that we used in our daily lives. No online deliveries or whatsoever.

Those sectors that you have mentioned have been frozen due to the effect of the pandemic but it doesn't mean they're all dead. There is a vaccine race and if ever we'll get one for real, most business sectors will come back and alive again.
The word IT is broad and I think the Op has narrowed it down to his own niche which might be currently stagnant due to the current pandemic. It is becoming more like survival of the fittest. The little money people earn now are to buy food and drugs and those IT sectors you have mentioned (youtube and other social media) are the resting place for people now, particularly during the lockdown and I won't be surprised if some social media platforms make more revenue this year than the previous year
c_atlas
member
Activity: 140
Merit: 56
Re: the billion dollars question
August 11, 2020, 08:11:46 AM
#33
Quote from: spy100 on August 11, 2020, 07:25:05 AM
Quote from: c_atlas on August 11, 2020, 07:09:35 AM
Quote from: spy100 on August 11, 2020, 02:36:13 AM
Real estate until vaccine ready i am not sure about it... if they don't find a cure and half the world population will die ... prices will go down a lot in this scenario.
I don't know if this is hyperbole, but sure, if half the Earth's population dies, you can expect real estate prices to go down.

How did you go from IT is dead to half the world will be dead? We're talking about a mortality rate that's below 4% on average (globally). This isn't a world war, there isn't (and won't be) massively distributed famine, and even if there were it wouldn't wipe out half the population.
Take your Thanos snap conspiracy somewhere else.

4% mortality rate that is a lot

8-(8 * 0.04)  7,68 year 1
7,3728 year 2
7,077888 year 3
6,79477248 year 4
6,522981581 year 5
6,262062318 year 6
....

in 10-20 years max if no vaccine half the world population is dead
You're assuming that 100% of people have covid 100% of the time. You're also assuming there's no change in the population (aside from size). You need to realize the reason the rate is at 4% is that the virus devastates old people and does significantly less to young people. In a worst-case scenario where most of the old people were to die, the mortality rate would eventually plummet as well, which means your projection is wrong (even if the false premise that everyone has covid all the time were true).
Fantastic33
member
Activity: 308
Merit: 12
Re: the billion dollars question
August 11, 2020, 07:46:05 AM
#32
I think IT is in demand today due to the pandemic. Most people today use IT or internet more often. Like for example in the academe, instead of face to face classes, teachers use online media platform as their medium of instruction. Employees who works from home use internet and computer since they cant work inside the office. Online shopping is also trending because its more safe for people to buy goods online than to go outside.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 07:25:05 AM
#31
Quote from: c_atlas on August 11, 2020, 07:09:35 AM
Quote from: spy100 on August 11, 2020, 02:36:13 AM
Quote from: DevilSlayer on August 11, 2020, 02:31:13 AM
Quote from: spy100 on August 10, 2020, 02:00:53 PM
What do people need now ?

IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...

What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )

In terms of IT, it is a billionaire dollar industry and you need to be creative and be skilled in that area in order for your business or investment to boom. For me the best investment vehicle is real estate, I love real estate and I started actively buying and selling a year ago at first of course it is hard because there are a lot of factors you should first considered before you enter a deal. I love earning passively and the real estate gave me opportunity on it, I have two doors apartment right now but for me it is not yet enough and I still saving money in order for me to increase my capital. If you want to have good investment then try real estate but at first it is risky because you do not have enough experience about it but you can lessen the risks if you will focus on improving your knowledge about it.

Manufacturing and pharmaceutical is also good industry to make investment in this current year. A lot of pharmaceutical industry are competing each other to make a successful vaccine that will be distributed around the world. There is now a news about the Russia successfully created a vaccine that is really safe and effective to use but both manufacturing and pharmaceutical industry are expensive so you need to have large capital to it.


Real estate until vaccine ready i am not sure about it... if they don't find a cure and half the world population will die ... prices will go down a lot in this scenario.
I don't know if this is hyperbole, but sure, if half the Earth's population dies, you can expect real estate prices to go down.

How did you go from IT is dead to half the world will be dead? We're talking about a mortality rate that's below 4% on average (globally). This isn't a world war, there isn't (and won't be) massively distributed famine, and even if there were it wouldn't wipe out half the population.
Take your Thanos snap conspiracy somewhere else.

4% mortality rate that is a lot

8-(8 * 0.04)  7,68 year 1
7,3728 year 2
7,077888 year 3
6,79477248 year 4
6,522981581 year 5
6,262062318 year 6
....

in 10-20 years max if no vaccine half the world population is dead
c_atlas
member
Activity: 140
Merit: 56
Re: the billion dollars question
August 11, 2020, 07:09:35 AM
#30
Quote from: spy100 on August 11, 2020, 02:36:13 AM
Quote from: DevilSlayer on August 11, 2020, 02:31:13 AM
Quote from: spy100 on August 10, 2020, 02:00:53 PM
What do people need now ?

IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...

What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )

In terms of IT, it is a billionaire dollar industry and you need to be creative and be skilled in that area in order for your business or investment to boom. For me the best investment vehicle is real estate, I love real estate and I started actively buying and selling a year ago at first of course it is hard because there are a lot of factors you should first considered before you enter a deal. I love earning passively and the real estate gave me opportunity on it, I have two doors apartment right now but for me it is not yet enough and I still saving money in order for me to increase my capital. If you want to have good investment then try real estate but at first it is risky because you do not have enough experience about it but you can lessen the risks if you will focus on improving your knowledge about it.

Manufacturing and pharmaceutical is also good industry to make investment in this current year. A lot of pharmaceutical industry are competing each other to make a successful vaccine that will be distributed around the world. There is now a news about the Russia successfully created a vaccine that is really safe and effective to use but both manufacturing and pharmaceutical industry are expensive so you need to have large capital to it.


Real estate until vaccine ready i am not sure about it... if they don't find a cure and half the world population will die ... prices will go down a lot in this scenario.
I don't know if this is hyperbole, but sure, if half the Earth's population dies, you can expect real estate prices to go down.

How did you go from IT is dead to half the world will be dead? We're talking about a mortality rate that's below 4% on average (globally). This isn't a world war, there isn't (and won't be) massively distributed famine, and even if there were it wouldn't wipe out half the population.
Take your Thanos snap conspiracy somewhere else.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 06:32:50 AM
#29
Quote from: LogitechMouse on August 11, 2020, 06:18:38 AM
I'm not saying that people aren't spending totally but their spending habits got affected heavily by this pandemic yes.

I am not saying biz is dead forever just saying at the present moment those sectors are hit hard ...

 Capitalism is based on consumption ... no consumption economy goes down


i am looking at 2021 forcasts
https://tradingeconomics.com/united-states/forecast
https://tradingeconomics.com/germany/forecast
https://tradingeconomics.com/japan/forecast
https://tradingeconomics.com/france/forecast
...

2021 is going to be even worse then now ,it's expected that most western countries inflation and unemployment to increase in 2021
LogitechMouse
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
Re: the billion dollars question
August 11, 2020, 06:18:38 AM
#28
Quote from: spy100 on August 10, 2020, 02:00:53 PM
IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
If you are saying that the IT sector is dead (online services, freelancing etc) then I should say yes since most of the business right now are affected heavily but to say dead forever, I don't think so. When there is a vaccine already, for sure business will recover slowly including businesses in the IT sector so for now I can agree with you but not dead totally.

Quote from: spy100 on August 10, 2020, 02:00:53 PM
What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )
I'm into BTC right now and ETH. I'm also invested in our stock market right now and I'm holding cash too. If I have extra cash, I might buy some stocks and cryptos for the long term but still will keep some cash for personal purposes.

Quote from: spy100 on August 11, 2020, 12:52:06 AM
i am in the frontlines so i see it with own eyes ...

the only areas i think will have a future are : agriculture,vegetables , baking bread , booze , candy , health , drugs,security ,wood for fire  ,diesel and gpl
Right now you can say it because this is the mostly needed things of the people right now. I agree with what you said though that tourism, travel and the bars are the ones who got affected the most.
With regards to restaurants, there are some restaurants who are offering take out orders so they aren't dead since they still have income.
With cinemas, there are some who opened but only limited to 30-50% of the total capacity of it.

Quote from: spy100 on August 11, 2020, 05:03:21 AM
people are not spending as they fear  for their future ...
I'm not saying that people aren't spending totally but their spending habits got affected heavily by this pandemic yes.
plvbob0070
copper member
Activity: 658
Merit: 402
Re: the billion dollars question
August 11, 2020, 05:41:03 AM
#27
Due to the pandemic, a lot of people are struggling financially and that's probably one of the main reasons why there is a big decline in demand in all sectors you have mentioned. Some people might find online shopping not that "essential" since what matters for a lot of people right now is to save money because we're not sure until when this virus will spread. Or since some businesses are down, there's a low demand for IT, but they are not dead, also a lot of sectors are facing the same challenges.

But as I have personally noticed in my country, the demand for online shopping is actually increasing since some people tend to find it safer and more convenient than going outside. So I think the basis is still not enough to say they are dead. There is just a decline but after this pandemic, these sectors will boom again.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 05:03:21 AM
#26
Quote from: Sanitough on August 11, 2020, 04:45:44 AM
Quote from: spy100 on August 11, 2020, 02:40:22 AM
Quote from: cabron on August 11, 2020, 02:33:46 AM
Why is IT dead when most are have been working related to IT.

If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.

Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now

Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money.

You are correct, here's a proof.

Google’s Lost Advertising Revenues Due To The COVID-19 Outbreak

YouTube Revenue Falls to $3.8 Billion as Pandemic Hits Ad Business

Maybe avoid spending and if you have a capital, focus on other industry like the agriculture as people can only afford to spend on their basic needs now which is food, so your business will grow, if you can't start a business, you can work at that industry.

people are not spending as they fear  for their future ...
Sanitough
hero member
Activity: 2856
Merit: 674
Re: the billion dollars question
August 11, 2020, 04:45:44 AM
#25
Quote from: spy100 on August 11, 2020, 02:40:22 AM
Quote from: cabron on August 11, 2020, 02:33:46 AM
Why is IT dead when most are have been working related to IT.

If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.

Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now

Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money.

You are correct, here's a proof.

Google’s Lost Advertising Revenues Due To The COVID-19 Outbreak

YouTube Revenue Falls to $3.8 Billion as Pandemic Hits Ad Business

Maybe avoid spending and if you have a capital, focus on other industry like the agriculture as people can only afford to spend on their basic needs now which is food, so your business will grow, if you can't start a business, you can work at that industry.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 03:19:43 AM
#24
Quote from: maydna on August 11, 2020, 03:10:04 AM
Quote from: spy100 on August 11, 2020, 02:40:22 AM
Quote from: cabron on August 11, 2020, 02:33:46 AM
Why is IT dead when most are have been working related to IT.

If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.

Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now

Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money.

The ads show it because many companies want to offer their services to the user, and they know that many internet users know to spend the most time at home. The companies change their media to promote their services by using Youtube because they know that people use Youtube to create tutorial/making a video at their home/DIY/etc at their homes.

That shows IT is not dead, and I think IT become better than a few years ago. If you say IT is dead, we will not see an improvement from the IT companies. In some countries, IT still grows better, even we still at the pandemic.

well how is going to buy does products if 30% of the world is unemployed ... ? why in the hell they would invest in youtube ads if people can't afford to buy ...that's just stupid business decision ...

when i say IT i say medium size companies and small companies ... i don't give ... about corporations ... anything that corporations make is evil i will never buy corporate made stuff ever again in my life ...same to my friends i recommend never to buy anything that corporations make.

maydna
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Re: the billion dollars question
August 11, 2020, 03:10:04 AM
#23
Quote from: spy100 on August 11, 2020, 02:40:22 AM
Quote from: cabron on August 11, 2020, 02:33:46 AM
Why is IT dead when most are have been working related to IT.

If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.

Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now

Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money.

The ads show it because many companies want to offer their services to the user, and they know that many internet users know to spend the most time at home. The companies change their media to promote their services by using Youtube because they know that people use Youtube to create tutorial/making a video at their home/DIY/etc at their homes.

That shows IT is not dead, and I think IT become better than a few years ago. If you say IT is dead, we will not see an improvement from the IT companies. In some countries, IT still grows better, even we still at the pandemic.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 03:01:52 AM
#22
Quote from: allahabadi on August 11, 2020, 02:53:23 AM
On a sincere note, how did your derive these conclusions, they don't make sense at all... Better put out something that supports you'd assertion... Markets are returning back and gradually other things will too, albeit with some tweaks.

Don't look at markets, f the markets the data is a lie ...

Look at the real economy wordwide

Look at food prices
Look at rent
Look at utilities prices
Look at how much you get payed
Look at unemployment rate
Look at Consumer confidence etc ...

https://tradingeconomics.com/united-states/indicators
https://tradingeconomics.com/euro-area/indicators
https://tradingeconomics.com/china/indicators
https://tradingeconomics.com/india/indicators
https://tradingeconomics.com/japan/indicators
https://tradingeconomics.com/russia/indicators
https://tradingeconomics.com/countries


I am in europe ...before the pandemic a bread in my country was 0.24 USD now it's 0.29 USD ,a cheap coffee from vending machine was 0.24 USD ,now that coffee cost 0.36 USD


Bread price increased  17,25%
Cheap coffee price increased 33,34%
...


Now do the same thing for your country ... and you will get the real inflation rate etc...


allahabadi
full member
Activity: 952
Merit: 166
Re: the billion dollars question
August 11, 2020, 02:53:23 AM
#21
On a sincere note, how did your derive these conclusions, they don't make sense at all... Better put out something that supports you'd assertion... Markets are returning back and gradually other things will too, albeit with some tweaks.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 02:40:22 AM
#20
Quote from: cabron on August 11, 2020, 02:33:46 AM
Why is IT dead when most are have been working related to IT.

If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.

Is dead do to fact people can't afford IT services anymore ... does that still work in IT work do to fact they work on projects that was invested millions/billions of USD...for now

Watch youtube videos, for example before the pandemic they did not show so many ads ...now they bombard you with ads at 10 seconds intervals ...means google is desperate in need of money.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 02:36:13 AM
#19
Quote from: DevilSlayer on August 11, 2020, 02:31:13 AM
Quote from: spy100 on August 10, 2020, 02:00:53 PM
What do people need now ?

IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...

What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )

In terms of IT, it is a billionaire dollar industry and you need to be creative and be skilled in that area in order for your business or investment to boom. For me the best investment vehicle is real estate, I love real estate and I started actively buying and selling a year ago at first of course it is hard because there are a lot of factors you should first considered before you enter a deal. I love earning passively and the real estate gave me opportunity on it, I have two doors apartment right now but for me it is not yet enough and I still saving money in order for me to increase my capital. If you want to have good investment then try real estate but at first it is risky because you do not have enough experience about it but you can lessen the risks if you will focus on improving your knowledge about it.

Manufacturing and pharmaceutical is also good industry to make investment in this current year. A lot of pharmaceutical industry are competing each other to make a successful vaccine that will be distributed around the world. There is now a news about the Russia successfully created a vaccine that is really safe and effective to use but both manufacturing and pharmaceutical industry are expensive so you need to have large capital to it.


Real estate until vaccine ready i am not sure about it... if they don't find a cure and half the world population will die ... prices will go down a lot in this scenario.
cabron
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
Re: the billion dollars question
August 11, 2020, 02:33:46 AM
#18
Why is IT dead when most are have been working related to IT.

If the covid continues and the lockdown continues, I'd probably just buy lots of can goods and just a handgun for good. I have heard the news that there are lootings already happening in several towns. It'd be scary to see strange individuals in my backyard. Probably shoot first before asking who they are.
DevilSlayer
sr. member
Activity: 1456
Merit: 359
Re: the billion dollars question
August 11, 2020, 02:31:13 AM
#17
Quote from: spy100 on August 10, 2020, 02:00:53 PM
What do people need now ?

IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...

What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )

In terms of IT, it is a billionaire dollar industry and you need to be creative and be skilled in that area in order for your business or investment to boom. For me the best investment vehicle is real estate, I love real estate and I started actively buying and selling a year ago at first of course it is hard because there are a lot of factors you should first considered before you enter a deal. I love earning passively and the real estate gave me opportunity on it, I have two doors apartment right now but for me it is not yet enough and I still saving money in order for me to increase my capital. If you want to have good investment then try real estate but at first it is risky because you do not have enough experience about it but you can lessen the risks if you will focus on improving your knowledge about it.

Manufacturing and pharmaceutical is also good industry to make investment in this current year. A lot of pharmaceutical industry are competing each other to make a successful vaccine that will be distributed around the world. There is now a news about the Russia successfully created a vaccine that is really safe and effective to use but both manufacturing and pharmaceutical industry are expensive so you need to have large capital to it.
spy100
sr. member
Activity: 658
Merit: 257
Re: the billion dollars question
August 11, 2020, 02:23:38 AM
#16
Quote from: bearexin on August 11, 2020, 01:59:35 AM
But, I already have money invested in bitcoin and Ethereum, and apart from Cryptocurrency market, ...

See this is one of the biggest problems with cryptos this days ...people think crypto is a investment ... it's a currency not a investment ... should be moving like FIAT to buy goods and products ... problem is it does not move ... people are hording it ...

https://bitcoin.org/bitcoin.pdf

Cryptocurrency shouldn't be considered as investment ... does that store it, when the big dump comes will end up with just worthless numbers ...this is the future of crypto i see now.

As someone that accepts crypto all i have to say is i no longer accept crypto do to fact it's not a currency anymore ...and if all merchants will do the same thing crypto will be dead ...

 
When i see on the news "there was a shooting in front of white house" :
https://www.youtube.com/watch?v=kEDvBgwblDE

It shows how bad it really it is....

the system does not work any more ... all over the world it failed no matter what type of gov ( democracy , communist , dictatorship etc)
bearexin
full member
Activity: 1162
Merit: 168
Re: the billion dollars question
August 11, 2020, 01:59:35 AM
#15
I think it depends what area of IT you’re talking about. The way I see it, IT is not dead, even the online shopping you’re referring to is not dead and I also don’t think people will run out of savings. If that’s going to happen, the government will have no other option than to open up every sector of the economy and let people go back to work. They are doing that already, I don’t know for your country, but where I live ,things are back to normal and people are back to work (except that they will have to be wearing masks and also try to maintain their safety), it’s only schools that has not resumed yet.

And as for what I am buying, I haven’t thought of such. But, I already have money invested in bitcoin and Ethereum, and apart from Cryptocurrency market, I have also invested in low risk mutual funds. I don’t like mutual funds because the profit I get from is usually small, the only thing is that it’s quite safe and doesn’t fluctuate like Cryptocurrency market does. Cryptocurrency is what I like much and that’s how I make my profit, and also through day trading.
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