Topic: the billion dollars question (Read 563 times)

Besides crypto, I want to invest in medical businesses. I am a person who likes my cash flow to create a lot of value and profit for myself, so I always need to invest. The vaccine is currently available but I still believe it will be very slow to produce for the world. Meanwhile, medical businesses will still make a lot of money during this time. If we invest, we will make a profit and certainly will never run out of money or hungry in the future.

I couldn't agree that IT is dead as of the moment that covid-19 pandemic is still in presence for many people are now already switching into work from home using modern technologies to be equipped on the "new normal" approach although the phasing seems to be fast and made a lot of people to struggle on catching up with the new normal set up just to be able to continue their daily life most specially when it comes to work and studies.

IT and the modern technology have become now a shoulder to lean on at times like this because of the present health threat brought by this pandemic so how come IT is becoming then when the demand is continuously rising and even the market is already slowly getting back into progress because the effect of this pandemic is just temporary on nature.

The author of the post is very pessimistic due to the fact that he himself is now in a difficult situation, when there are practically no orders and the work doesn't get done. I myself was in a similar situation when a war broke out in the place where I lived and I had to close my business, then start from scratch. And here is the crisis again. But we don't forget that the black streak will end sooner or later. Where I live, sectors such as cinema and restaurants, on the contrary, "came to life", they didn't die, because people missed entertainment, this is what they needed after a long quarantine.

I d like to buy BTC adn ETH a bit lower price than now, they are the only two cryptocurrencies that support the market. How you can see when them go down all the crypto market fo down. We need to earn more for spend more.

When I see on Youtube, many ads show products from the store online, which the sellers use Youtube to promote their product. They can get more potential buyers from Youtube, and the seller is not just using Youtube but also from another website such as social media or another website that places the ads on their site.

If you say medium-sized companies and small IT companies, then yes, they are suffering because of this Covid-19, but not all of them because many of those small companies can survive and start to re-open their business. But we cannot deny that the corporations are still trying to have the market by producing many new products that can help people's lives.

The economy has started to rise by re-opening the corporations, medium, and small companies, hopefully helping the countries solve their problem.

Even before the pandemic, online shopping is very popular and now that we have a pandemic the online shopping grows more users than before due to the fact that we cant go outside because of the fear of contacting the virus and IT is not dead and in my opinion if there is a field where it is not much affected by the pandemic it is the IT field, people will depend more in the technology which highlights why IT is such a good investment. The OP talks about the future too much and exaggerate it with people having no money because of losing jobs, people now go online, work online.

Lol have you seen the market? Everything goes back to growth what kind of death are you talking about? The entire market has returned to its February positions and is gaining momentum. Why you like fatalism so much?

Everything that is happening now is just temporary due to covid 19, perhaps many sectors are weakened but it is still continues to rise gradually. And how did you say that online shopping is dead? As far as I know specially here in my country online selling is one of the best alternative ways of people today to earn,because most people today prefer not to go out and order their needs through online. It is better that we just buy now our basic needs and let's get rid of things we don't really need to live like our luxuries.

Just to be clear, they aren't spending for unnecessary things, but they have no choice to spend for their needs, that's why business such as for leisure and entertainment are struggling now. But, I think they don't need to fear for their future as the government will ensure that the vaccine will be available, Russia already had the vaccine, once this is successful, the world will eventually rejoice and that fear will be eliminated.

I still view this situation as a temporary thing, it's not big enough to cause a collapse of our economy as we will certainly recover from this trial in life.

I was expecting that the vaccine will not be available this year, but good news has come, so our agony will not be prolonged.

I won't argue with you mate, but at least in my country (somewhere in Asia), online business is booming and I would admit that I making a killing. As I have said, there are still a huge demand out there, you just have to know how to re-invent yourself in order to survived. I won't spill my secrets, lol. Have you tried upwork though? I have an account in there, way back 2009, but I'm not that active anymore, but the last time I check there are still huge demand for programmers. Of course there are competition, but it's up to you, your sales pitch etc to stand out from the clients.

We have to understand whatever he likes and the questions that he have. I understand his concern is about the layoff and cutting off of companies job.

There is no solution to that as they're cutting the cost of expenses of their company and most of the companies and industries are affected of it. While in IT, if you have a skill in the field you are in, you can easily be hired again.

exactly ...

I would say that it is stagnating due to economic conditions all over the world but it probably isn't dead. We might be heading our way towards a new recession but after all these are said and done, we'd be seeing the IT industry climbing back up to its glory again. I also have lots of friends who lost their jobs from the IT industry, and are now trying to make ends meet with their skill and their experience. Even a senior developer on their company is struggling to find a decent job nowadays since most companies who held on to their workforce aren't accepting new people even though their criteria fits the bill. Not only the IT industry is suffering but also other sectors out there, too. Jobs are hard to come by even if you are a skilled worker with years upon years of experience under your name.

i am trying to figure out what should we  do  next ... this is my point that they don't get

You had analysis the market well. People need of money to run their life. Many IT employees had lost their job due to reduction of workers in corporate. It make them to learn to earn and learn to save for future. Most IT people was not keep the money for savings. They get and live a luxurious life for short period. Now many people not able to pay their monthly dues. So this is not a time to inverse on gold or crypto. It's time to learn more method of earnings.

freelancing is just a quick buck for me for survival ...

i am a web developer & graphic designer this is my job ...so yeah also from web development point market is dead ...

this is my view and no one can tell me otherwise


Web Design is dead do to fact people are moving to mobile apps ,and now there is AI software that makes websites and social networks allow you to make your own page etc like facebook pages
Web Hosting will be dead soon do to fact people move to AWS,DigitalOcean,Google Cloud or they go decentralized  IPFS etc....
PHP / MYSQL,Wordpress is dead Node.JS , REACT, React Native killed it ... how in the hell can i tell people that node.js is not php/mysql and that they need to pay more for this services ....they don't get it
To do fact AI,trading platform,casinos costs money and time ...not anyone can afford this projects ...so until a client comes you got to wait a long long time
Python,OpenCV,TensorFlow etc same as AI --- money and time ...until client comes is going to take a long long time ....
Graphic Design ---> stupid contests killed it ...
Crypto is dead also do to fact now most cryptos are considered investments not currency , quick get rich schemes etc
Mobile is dead do to fact people expect you to develop apps like indians for 20 bucks ... not going to happen ...

Now only thing that is left is stupid tasks that only indians and chinese do it for cheap ...

So yeah market is dead ... only a indian or a chinese or a third world country person can say IT is booming

Only thing that works in IT is doing military software... and i don't want to help assholes kill children with airstrikes...

I wouldn't say that IT is dead and people aren't lying when they say that this sector isn't "booming". I mean, that would be stupid of you to think that Information Technology will no longer exist in the future. It will exist with us until the end. In fact, it is becoming so demanding that we are currently facing shortage of skilled people in IT field! I did read another post of yours where you state that it is dead as in people can't afford it. Yeah, revenues is falling, but this is temporary.
Based on the current situation, I would by pharmaceutical stocks. They are going to skyrocket within few weeks.

Man, IT is not dead LOL, it's literally booming right now cause a lot of businesses are converting online and a also a lot of business are making their online exposure to be good, which means they are constantly upgrading. And online shopping is going big this year, Personally I make a net profit of 1k$ for operating a E-commerce website last month, it's just a test run for 13days and gave me that huge amount of profit, I am planning to make a full launch this month but yeah, you got the point, online stuffs and businesses link online is literally booming this year.

But those industry will need advertisers right?
Did you try to at least stretch at what else you can do?
You are an IT, of course you are good with computers. Software, hardware, web researching, etc...

I don't think I am as good as you but I did find a way to get a job using the internet only.
It may not be the long type of jobs but if it can support my family then I will take it.
Stay positive man!

and many others that said the same, don't bother!
The OP thinks that because he can't sell his designs on fiverr for 25$ the whole IT sector is dead and life is going to end on this planet.


Hmm, let's see, titles like:





Oh my god, you mean that the growth is going to be even worse than the decline? Lol!


That was the speculation, the real numbers are here:
https://www.forbes.com/sites/martyswant/2020/07/30/facebook-reports-slower-q2-advertising-growth-while-google-reports-a-rare-revenue-decline/#45205ac8262b

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

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).

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.

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

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.

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

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.

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.

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.

I'm not saying that people aren't spending totally but their spending habits got affected heavily by this pandemic yes.

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.

people are not spending as they fear  for their future ...

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.

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.

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.

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...

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.

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.

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.

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.

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.

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)

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.

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

You realize that most of the people still have jobs,right?The unemployment rate isn't 100% and I don't think that all the people in the world are currently relying solely on their savings,in order to buy stuff online(or offline).
Anyway,do you have some sort of panic attack or depression?Writing that the IT sector is dead is weird.
I can write that IT is alive and anyone that is telling me that this sector is dying does not know what he is talking about. Prove me wrong.Change my mind...I don't see any evidence in your post,proving that IT sector is "dying".Only bold statements.

If no one is buying anything then why amazon hire .ore employees to their company?

Why Google invest on different countries?

Still people got money and only salaried people are in their worst condition of their life.

IT is going to be the future and I expect we can find a huge boom on the online sites after 2020.

i dont know the problem of the OP here but when he said that he doesnt want to hear crypto or bitcoin, then why is he here in the forum? and expect that he will not hear anything about bitcoin...bitcoin...bitcoin...bitcoin  

is he in some kind of another world here? labelling a lot of sectors as dead. because if those mentioned industries are dead, i dont think we should be even here on this forum. yeah, IT is dead  

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.

gold is not doing well ... it's inflation causing prices of gold to go up ... means your now paying more for gas,food,rent etc...


the point of bitcoin was for people to use it as an alternative currency to fiat ... now it's just a stupid financial instrument ... see you in a few years and let me know who are you going to sell btc to if you all hold it as  investment.

bitcoin should have moved like money ...

These aren't dead, they've certainly stagnated but the strongest will survive and eventually rebuild. Tourism isn't a particularly expensive venture to set up so these things will undoubtedly rebound.

Just because these businesses are suffering where you're from doesn't mean it's like this worldwide. People adapt, in my city, the government has permitted restaurants to build outdoor patios that extend into the streets. This is actually a welcome change, I've yet to hear anyone complain about it. Also, look at New Zealand, what you said above doesn't apply to them at all.

Yeah for sure, 'IT' is definitely dead... Except for remote work, online entertainment, online delivery, etc. Yes, a lot of companies announced layoffs. Yes, it's hard to get a job right now. No, that doesn't mean IT is dead, it means it's going through a necessary correction. As with all market corrections, the true winners will come out better than ever.

Oil ought to die too, the less the Middle East interferes with global markets the better off we'll all be.

Sorry to hear you're having a tough time, I hope you take solace in that fact that your skills are still valuable to many people, even if it's not to the people you used to serve.

I don't know what you mean exactly but there are sectors that are doing well and profitable right now. The IoT's sector being one of them.  Precious Metal's -Gold & Silver are doing well ( as well as bitcoin) so why fight that fact? I get asked by clients about them all day long (people who aren't "hodlr's").

airline  / travel / tourism dead
restaurants dead
bars dead
cinema dead
it dead
e-commerce / online shopping dying
oil breathing
retail & fashion dead ---> my area --->web services--->retail was our main customers ...


 
one thing i don't get  ...https://coinmarketcap.com/

if we that had jobs in it sector can not afford to buy bitcoin or crypto anymore ,,, why in the world is bitcoin so up ? as in general we tech guys used it and shops (retail) ...

All market data is a big fat lie

Here is another example of a big fat lie from stocks world

https://www.forbes.com/sites/naeemaslam/2020/08/10/kodak-stock-price-crashed-coronavirus-congress-fund-765-million/#3a9adce219e6

The truth is that :
"the music has stopped"
https://www.youtube.com/watch?v=K05sxfa4zdM

i am in both areas .. and i made 200 usd from March until August via online services and selling my products online ...

in 2015 when i was freelancer used to make 800-3000 usd / month via freelancing only ,now i got even more skills then in 2015
Anything you would put online you could sell ,now your waiting ages ...

So in 2020 making 33 usd / month from online services and selling products online i have all the right to say both sectors are dead

Also applied to over 100 companies for a job in my area that accept remote working...they all put ads but no one is hiring ...

So yes it's all dead no matter how much people are saying that online is booming


desktop is dead dead
mobile sector still breathing ,but you will not survive


look at fiverr 0 orders


people are asking for services but they are not buying ...they say like "sure will order next week"...


Same situation bitcointalk and other places where i posted  ads ... people are asking , i lowered prices but still not buying as they can't afford to spend 5 usd / euros on a logo sample etc...


If you look at some of my customers back in 2015 https://www.coroflot.com/spy100/My-Portfolio

You will see that 99% of them came from retail sector ...

in programming market is saturated ...if you look for something you will find it if you google it

to do AI projects, trading platforms , casinos takes a long time and a lot of money ...so this is dead also as i did this from 2015 -2020 ... people have no more money to spend on projects like this

I wouldn't say that IT is dead, might be slowing down a bit because of the effects of Covid-19. What do people need now? The basics, food, shelter, electricity. Online shopping is not dead, lol, you just have to understand what the market needs. I'm not sure what's with the all negativity coming from you man, I mean it doesn't mean the end of the world, you can still make money out of the situation right now.

IT is dead? What? How on earth did you reach such a silly conclusion? The IT sector just like any other service sector is going through a depression phase right now thanks to COVID, but it will bounce back in a couple of years since there will always be demand for it.

Online shopping is dead? It's E-commerce btw. It seems to me that you feel like this is some kind of doomsday scenario due to which you are making these wild statements.

E-commerce sector is actually booming currently thanks to COVID-19 since digital is the way to go these days and it will probably continue rising in popularity over time.

Nothing... I'd buy nothing now...


At the 30% drop I moved my cash holdings into equity stock funds. At the moment I'd buy nothing. You could look for a stock thst hasn't yet risen in value again and you expect to but other than that just stick with your cash or put it in a bank account at a low %...

Edit: I should clarify I used a European Inc UK stock fund I wasn't sure the US would be a good buy but countries in Europe seemed to be handling the crisis better and the drop was after Italy and Spain started to open.

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 )