Topic: The pandemic outcome - page 13. (Read 2143 times)
Stability is in the one who calculates the risks and is engaged in such activities that will provide him with food, water, heat and home, even when everyone else has a crisis. I can say that the best is farming on our own land. In this case, you are provided with almost everything you need for life.
I think we all can agree that we all are in a place like you . That is what a common man is thinking . But what makes us different is our flexible nature to adapt to things like cryptocurrencies and other non traditional stuff.
Therefore I do think till the time we are in quarantine we can put some time in thinking about a business idea that could prosper in the future.
Take for an example , if you live in a rural area , you can set up a food delivery site , with a narrow margin for the locals , which would benefit everyone with the quarantine everyone is suffering , you will benefit the farmer , the consumer and you can then start charging additional fee for the delivery relax , think about something because no matter how much you could have to sell , one day it is going to be depleted.
Therefore I do think till the time we are in quarantine we can put some time in thinking about a business idea that could prosper in the future.
Take for an example , if you live in a rural area , you can set up a food delivery site , with a narrow margin for the locals , which would benefit everyone with the quarantine everyone is suffering , you will benefit the farmer , the consumer and you can then start charging additional fee for the delivery relax , think about something because no matter how much you could have to sell , one day it is going to be depleted.
i guess we have a lot of time now to think what we can do to supplement our basic needs..and lucky for the OP who has no family yet. being single has many advantages in this situation. but of course, you still have to prepare yourself for the next 6 months or so. we dont know how long businesses will suffer this crisis...
listing your possible sources of income and your approx expenses per month might help in getting the idea how far you can live with this situation..just to get the real picture of your situation
At least before this pandemic happens you already have a reserve of savings in the form of cash or assets in crypto to support your life.
Bruh not everyone is capable of saving and preparing in this kind of crisis, poverty has been the broadest and complex problem of all time even the rich people suffer these days are there are limited number of goods to buy in the market. Saving is hard these days or even before as inflation is getting high, products prices does the same too, and saving just keeps getting harded.This disaster indeed makes all people almost not allowed to leave the house and work as usual, but there are some countries that do a lockdown system but bear all the necessities to survive.
and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.
I heard there are some institution that lend their money to the people even without uncertainty of paying it back to them which I find very advantageous of the current situation is, and it sucks.and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.
Probably many financial institutions will adjust to situation and start to offer special loans for people that are affected with crisis, even some governments make recovety plans for their citizens.
However, I'm not sure how convenient this is going to be and if at the end this is not going to be another trap.
The best is if you have some kind of savings for the rainy days but I'm aware that not all people can afford that.
I think we all can agree that we all are in a place like you . That is what a common man is thinking . But what makes us different is our flexible nature to adapt to things like cryptocurrencies and other non traditional stuff.
Therefore I do think till the time we are in quarantine we can put some time in thinking about a business idea that could prosper in the future.
Take for an example , if you live in a rural area , you can set up a food delivery site , with a narrow margin for the locals , which would benefit everyone with the quarantine everyone is suffering , you will benefit the farmer , the consumer and you can then start charging additional fee for the delivery relax , think about something because no matter how much you could have to sell , one day it is going to be depleted.
Therefore I do think till the time we are in quarantine we can put some time in thinking about a business idea that could prosper in the future.
Take for an example , if you live in a rural area , you can set up a food delivery site , with a narrow margin for the locals , which would benefit everyone with the quarantine everyone is suffering , you will benefit the farmer , the consumer and you can then start charging additional fee for the delivery relax , think about something because no matter how much you could have to sell , one day it is going to be depleted.
At least before this pandemic happens you already have a reserve of savings in the form of cash or assets in crypto to support your life.
Bruh not everyone is capable of saving and preparing in this kind of crisis, poverty has been the broadest and complex problem of all time even the rich people suffer these days are there are limited number of goods to buy in the market. Saving is hard these days or even before as inflation is getting high, products prices does the same too, and saving just keeps getting harded.This disaster indeed makes all people almost not allowed to leave the house and work as usual, but there are some countries that do a lockdown system but bear all the necessities to survive.
and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.
I heard there are some institution that lend their money to the people even without uncertainty of paying it back to them which I find very advantageous of the current situation is, and it sucks. and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.
My advice is find a remote job or freelance job, im also experiencing harsh situation where physical jobs has come to an halt, but luckily i have a side hustle here which i could use to support my daily necessities and not starve to death. You should try sites like freelancer.com, indeed.com and fiver.
At least before this pandemic happens you already have a reserve of savings in the form of cash or assets in crypto to support your life.
This disaster indeed makes all people almost not allowed to leave the house and work as usual, but there are some countries that do a lockdown system but bear all the necessities to survive.
and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.
This disaster indeed makes all people almost not allowed to leave the house and work as usual, but there are some countries that do a lockdown system but bear all the necessities to survive.
and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.
The outcome for me is that, I think there will be severe hardship on people after this pandemic. The rate of job loss will be high because companies would want to drop workers as a result of no money to pay up salaries. Therefore, I think that the governments should allow their stimulus check and palliatives to run for the whole year especially for companies in agreement that they would not retrench workers. I think this will be part of the solution.
If pumping money continuously the entire year is the best solution, then oh man does the future look scary AF.For how long do you think governments will be able to keep throwing free money everywhere without a very rough consequence to come up and hit us all back like a sledgehammer? It's gonna happen, sooner or later.. and it's gonna hurt +85% of us. The more money they'll pump, the harder the hit will be.
Today it is better if we are going to focus into our selves first because we cannot tell until the price are spreading also the number of infected nowadays are continuously increasing and this is not a good outcome for the economy and the better to do is to stay safe into our houses and avoid getting contact with others and also it is better if you have a chance grab the opportunity to get a lot of foods, mask and alcohols to make sure you are not easily get infected also you need to wash your hands frequently, by this outbreak will go out and the world becomes fine again it will back to normal and there are a lot of changes in terms of trading and transactions.
It is very likely that we will be soon witness another crisis after this pandemic event many people around the world are becoming jobless, in other word no financial to face the reality when this such phenomenon exit
No you are wrong because like us,we are just waiting for the government signal stopping this lockdown and we will go back to our Job just like what we are doing before this pandemic., add up the mortgage and bills to pay for, it is sure pain in the back to workaround and see what we can do for the upcoming month during this pandemic.
it is our obligation it just happen that the billings are being disable temporarily because people are not capable to pay this moment but after the Virus surely we will gather amount to pay all the remaining bills.For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
How about you give me your thought on this event I might be adapt your idea and get some of it to surest my stability when the time comes,
well we are welcome to do everything pleases us and besides it is our own life so face yours while we are facing ours. How about you give me your thought on this event I might be adapt your idea and get some of it to surest my stability when the time comes,
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For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
I will do the same as you if I don't have money to buy food or even toilet paper as a daily needs for my family. That was the reason and effect on the global market, all went down and affected due to this pandemic, even though the crypto market price has no excuse with the outcome of the pandemic. So we can't blame people if they want to pull back their investment with an exchange of food to survive during this outbreak. All we need to do is to be strong and budget our money as long as we can do in order to survive and be patient at all.For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
The outcome of this pandemic? For sure a global economic crisis and we're on the recession.
As much as possible you should be able to save and may not shop excessively because the current pandemic I think is still long so that this will require greater costs to live, for bills and other monthly payments of course it will be a staple so we should think more save in any case I also feels the same as you but I still have a little savings so I think it's enough for 2 months to eat.
In difficult times, never borrow money from anyone because it will add to your burden.
Do what you can do as in this forum or if there is a little capital it's better to trade daily, no problem with small profits.
Take control of your finances so you can make ends meet as the pandemic continues.
In difficult times, never borrow money from anyone because it will add to your burden.
Do what you can do as in this forum or if there is a little capital it's better to trade daily, no problem with small profits.
Take control of your finances so you can make ends meet as the pandemic continues.
The outcome for me is that, I think there will be severe hardship on people after this pandemic. The rate of job loss will be high because companies would want to drop workers as a result of no money to pay up salaries. Therefore, I think that the governments should allow their stimulus check and palliatives to run for the whole year especially for companies in agreement that they would not retrench workers. I think this will be part of the solution.
Actually Works are just freeze because of this pandemic and not closed so they can still return after this crisis.
It's not as simple as that. Every business still has costs to pay, ongoing bills, suppliers to pay, rent or mortgage payments, staff to pay, etc. Add on top of that a complete lack of income, as well as plenty of cancelled orders or requests for refunds, and many business are going to go under during this lockdown, leaving all their staff unemployed. It's not as simple as hitting "pause" for 3 months, and then starting up again like nothing has happened.It's a little concerning the number of people who are having to sell their bitcoin, stocks, shares, whatever, just to be able to put food on the table, when most countries have only been on lockdown for a few weeks so far. If you have so little in savings that you can't afford to miss a single paycheck, then you shouldn't be spending your money on speculative assets. You should be building an emergency fund of savings for exactly situations like this.
How long have you been in the crypto sphere though? I assume that you still have some in your wallet as savings or investment? And you can used it as a hedge in this looming financial crisis. But I agree about that strategy, I call it NPA or Non Performing Assets, I usually sell them if it just sits on my house. But I don't know if this is enough to cover, let's say bring food in the table. Unless you did have a bucket in your bank account for like six months. The only thing that I can think of is that if you have cryptos then you don't have any choice but to sell them in order to survived in this crisis. Best of luck to you.
It is very likely that we will be soon witness another crisis after this pandemic event many people around the world are becoming jobless, in other word no financial to face the reality when this such phenomenon exit, add up the mortgage and bills to pay for, it is sure pain in the back to workaround and see what we can do for the upcoming month during this pandemic.
For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
How about you give me your thought on this event I might be adapt your idea and get some of it to surest my stability when the time comes,
For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
How about you give me your thought on this event I might be adapt your idea and get some of it to surest my stability when the time comes,
For me, I think I will still focus on my job so that I can recover on the expenses I spent during the quarantine because it is not easy to earn money. When everything goes back to normal, then we can conclude that people are now comfortable to go outside and go to work. It takes time before you can recover for the expenses you used just to survive this quarantine and I know all of us are experiencing shortness in budget but we're still glad because we're alive if that happened. Bur for now, let's focus on our health and take care of our family and friends to remind them to wash their hands and practice physical hygiene. The only thing necessary for now is the safety and health of one another. The Covid-19 pandemic will soon be gone, it is not permanent because I know that our industry will invent a cure that will serve us a solution for this crisis.
Much of like we were at the Walking Dead Episode but on a scariest part, 
Thank you for all the insight on what someone might up to, after this prolong virus spreading it is a very big help for me getting to know a lot of people what they want to do or need, you guy's are more than enough to brainwash me a bit I will locking the thread now thanks,
Thank you for all the insight on what someone might up to, after this prolong virus spreading it is a very big help for me getting to know a lot of people what they want to do or need, you guy's are more than enough to brainwash me a bit I will locking the thread now thanks,
The only thing that would tell how much the pandemic might affect the world is the length it takes before we find the cure for it because, for me, we can lessen the spread of the virus but, it is not possible to stop it. The possibility for a global hunger would arise as long as the virus is still around, and I hope that we could all survive this pandemic, and we would.
There will be extreme tightening of belts right after this pandemic. Lucky for you because you have no family yet. Basically, you are just looking after yourself. That would not be as hard as those who have families to feed and support and send to school. I hope the economy will recover rather fast after this crisis. For the meantime, we will have to reduce our expenses to the very basic. It is best to stick to needs for now and set aside wants. There is an urgent need to stretch our finances to the maximum. If you have some spare investment money out there, never leave them in fiat or in the traditional market such as stocks. You might want to consider gold or Bitcoin.
right, we have to take care of ourselves to look after the family, considering that this plague is easily spread through inanimate objects. and if this happens too long then the global crisis is inevitable, so we need to secure the assets we have. when gold has soared the price, people will be anxious to buy it back. and this is a gap for bitcoin to win the trust of many people to increase its price, moreover crypto transactions are carried out digitally so that it is safer for this pandemic It is very likely that we will be soon witness another crisis after this pandemic event many people around the world are becoming jobless, in other word no financial to face the reality when this such phenomenon exit, add up the mortgage and bills to pay for, it is sure pain in the back to workaround and see what we can do for the upcoming month during this pandemic.
Actually Works are just freeze because of this pandemic and not closed so they can still return after this crisis.For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.
Well that is actually a problem because since you have no family then you have hard time to find Help in case you need it after this?How about you give me your thought on this event I might be adapt your idea and get some of it to surest my stability when the time comes,
i have been Planning to Invest in small Business after this becasue i know more Business will be in demandas this may seems another new start. Jump to: