Topic: The pandemic outcome - page 12. (Read 2167 times)

Selling your Bitcoin now wouldn’t be a good idea, unless you have other things to sell, maybe you can go ahead and sell those, but not Bitcoin ( even the stock has been recovering). Now can be a really good time to start saving your coins and any other asset or stock that you have purchased before now. Save them and see whether the market would keep going up.

Bitcoin finally crossed to $7,000 after taking long in the price range of $6,000, and the way I’m seeing it, the price will keep going up. I’m also looking forward to May when the Halving will take place, there’s likely going to be an increase then.

Getting online jobs for the time you are staying at home is a good way to overcome quarantine and cuts on your income.
However, it is very important to get advantage of this time and improve your skills and abilities of your ordinary job.
The online jobs have been decreased significantly as well due to coronavirus.

We need to cut down on our expenses, travels and fancy things atleast for next 6 months until things get back on track. I would just go back to the basics and try my best to be on old school survival method and stock up grains and food which are non perishable as we will see stunch increase in inflation post this pandemic and I am sure this can be dealt if we go on cost cutting spree.

It is funny to see the markets recovering right now, honestly I am pretty bearish on the stock markets right now and I am half bearish on crypto as well, crypto is totally different from stock markets and even though we reacted all together at the same direction downwards this time around that doesn't mean that it will always be downwards together each time.

So next time there is a fall on stock markets, there could be an increase in crypto, or maybe won't I don't know, which is why I am only half bearish on crypto but full bearish on stocks. How do you expect the stocks, tied to companies, who sell stuff to make money, profit when nobody has money because those same companies fired people? These are billion dollar companies, they should have figured it out that firing people eventually leads to less sales.

The point is don't miss the halving that will happen next month because my view will make improvements to bitcoin after that happens, even though this is a difficult time during a pandemic but it is better to set aside a little money for investing in crypto I am sure will return good rewards after halving occurs .

Although this is difficult to do because there are many needs in us, but I hope you can do that now before prices soar again.

The pandemic isn't stopping till now and this not a perfect time to involve at any high-risk investment but rather to save our money for the possible worse scenario that might happen in the coming days of this outbreak won't be settled down. It was unfortunate that the coming halving will help to rally the market surging it high but it possible that we still be at low, unlike the previous halving. I'm not saying that I was hopeless but I have to think that we might see more dumps if more people will turn into panic selling again.

This is true but there are still those kind hearts that still exist. Some of the companies of electricity, internet, and ISPs, etc are said to delay their bills and might even consider reducing the payment of their costumers here. It might not be that convenient but still, I am just happy that in a small way, they can help. The government is doing something though it is not enough. People are having doubts about their leadership skills and since people are usually in their houses stuck in front of their TVs, PCs and mobile phones, the power of media is soo powerful. This also affects in a way since with a simple announcement people are looking it in a bad way making it hard for the government to maintain and contain the virus resulting in a longer quarantine nad lockdown period and that also means the high effect on the people and the economy. Media is so powerful right now, I just wanna emphasize this since a lot of people are so pumped because of there fake news circulating on many social media platforms.

Now you need to minimize costs, and save cash in order to create a financial pillow for various situations. Now you need to abandon any excess, and you should buy the simplest food that could be stored for a long time (various cereals, pasta, canned food).

Hopefully things will be back to normal again but the problem is when will this pandemic ends. For now, it's best to prioritize all those basic needs that are necessary for our survival and leave those not so essential things. We should save more these days so we will not be totally empty pocket after this pandemic is over.

budgeting is the best factor to overcome these economic crises to reduce more cost for daily needed and besides this is the time for traders to decide by making a quality plan for buying because we are all in line with losing on our weekly or monthly income. Since this pandemic virus impacted our countries some investors are out of coverage but I think cryptocurrency is still open a lot to help people by using digital payment for whatever we like upon waiting for this situation back to normal condition.

That's the wrong advice to be giving. You shouldn't be looking to investments when you don't have any basic savings. It's worrying the number of people on this forum who have been talking about selling their bitcoin, selling stocks and shares, taking out loans, etc., just to make it through this lockdown. Selling assets because you think the market is going to crash is one thing, but selling assets because you can't afford to pay rent or buy food is another thing altogether. The old saying of "Don't invest what you can't afford to lose" is apt here. If you need to sell your bitcoin just to be able to buy food, then by definition, that is money you can't afford to lose.

As bullish as I am on the future of bitcoin, you shouldn't be spending your rent money on it. This lockdown could well go on for several months. Budget appropriately.

hell yes  . crisis are part of our lives  .

 expect after this one there will always be  another one but im not wising it will happen  , im only saying the possibility   because you know its hard when there are crisis , people are suffering especially poor    .

 i think one thing for sure that once this pandemic has done , people can go back on thier normal life again   . working normally  , playing and going outside  , etc  . there is no point to be negative for now mate   .

Yes, we still have some opportunities to do something so we should save some for our own protection We have no idea what the outcome is going to be like in front of it However the government has taken more stringent measures to reduce the number of them or to increase everything. When the epidemic is over it is not easy to overcome The economy of every country has been disrupted.

Proper budgeting is very essential during this crisis, as it will help you survive this pandemic even if you have a limited resources. Global crisis is the possible outcome of this because most of the countries affected by this virus is also experiencing downward movement in their economy, most especially their stock market. That's why as long as possible, prioritize your necessities and prioritize the health of you family, never hesitate to spend your money in those valuable things. Never let your greed to buy your wants prevail, manipulate your emotion and control yourself so that you don't spend you money in gambling or in useless things. Most especially that we have no idea when this Covid-19 pandemic will end, we never know until when this will last. As much as possible, we need to secure our assets until everything goes back to normal again.

Savings are most of the people are missing when it comes to scenario like this. So many people are getting hungry cause they are not prepared on moment like this, I hope after this more people are going to start in investing. Another thing is remote working! many people are not aware that there are job that is available on the internet so that you can work from home, I think people now are going to be open in this kind of work, and a lot of them are going to be curious about it because of this pandemic. The outcome of pandemic is bad but, like it or hate it, it's an eye opener for the public.

I agree with you, at the very least, we must think for the next 6 months, whereas seeing the condition of China that has returned to corona positive after green makes me worry that the pandemic solution is still very long.

It is not only the government that has to fight extra to patch up economic compensation due to corona, but the people must also bear the impact of Corona, stimulus and government assistance (direct cash assistance) is very helpful especially the lower and lower classes to survive the next few months even though the amount is inadequate.

We take the example of simulation in Indonesia. According to the government, the peak of the coronavirus was the end of April so the health emergency was enforced until May 29, 2020, we assume the end of July is green, the month of September starts running, but in September Indonesia production will not run 100% because it is still in the healing stage. So around 50% are active to meet domestic consumption with a focus on food security and the economy.

Conditions, where there are only 50% active, can be a momentum for the state and people to overtake the corner, especially since Indonesia is a country rich in natural resources, so from the beginning, it was forced to be independent to be used as a state habit.

For now, saving is the best step not only on the basis of our interests but also in order to be shoulder to shoulder with those around us facing difficulties that occur due to the Corona pandemic. The real sector is the right thing to start investing in times of crisis, because we can really know what our customers need and whether our investment strategy is successful. Back to 50% of active industries after Corona, we can take this opportunity to start a small business so that the family economy, environmental economy and the economy of our country can turn the key is to focus on growth not on after corona conditions.

People are deprived of what they want and usually excessively or unnecessary things they buy. After the pandemic, the economic crisis will cone since most businesses closed down and some will resume their operation. Many employees will be laid off with lesser opportunities to have a job right away. Save all the money you can and buy only the things you need. If possible, do not borrow money.

I think the result of this epidemic are going to be much worse Although the virus is cured within the whole world it'll take an extended time to beat this condition Everything about citizenry is now nearing its end There are more days how long they will occupy home like this. If everything isn't paying off the loans by the banks now, there'll be times outside to satisfy the requirements of the people and therefore the consequences are going to be worse.

Well we can still return to our job after this pandemic but the current problem is the policy of some company that is no work, no pay. Sure the food is not a problem for us, but what im worried about is the pay for our monthly bills e.g. house rent, electricity, water etc.

At times like this its really important to have a savings so incase something happen you have money to count on. I just hope the virus vanish as soon as possible because most people here are just counting with their salary and no savings at all.

I think instead of saying no completely to loans to not take to many. It's very easy to say not to take them, but if there is zero money in your bank account you may feel you have to. The most important thing to do is to do it smart and don't take them if you don't need to. If you do have to take as few as you can and shop around for the best interest rate.