Re: The Economic Pain Won't Stop

During a panic, people lose a lot ... Not only materially. They lose their common sense.
I am deeply convinced that during world and global crises there are a huge number of people who become truly rich and do revolutionary things, which they then use all over the world. Do not panic friends! We can do little, but the last thing we must do is panic.

It's a domino effect why markets are losing money. It's not just about panic but it's a good strategy to pull out. Imagine all of the investors going to think with this crisis, They are gonna think that because of the crisis, lot of people are gonna pull out there money. That's what's happening right now why markets are dumping and losing money, people are pulling out their investment thinking that the other's will gonna do that too. Honestly, it's a good strategy so you will not be a bag holder and lose money. It's not panic, it's a strategy.

As your country is affected by the virus, expect that your economy will also be affected and can cause crash. As well as the use of crypto is also affected because of many factors that are also related to the market. The stock market is really affected because business will be closed that results to another downfall in its investment. Pulling investment is one of the possible solution that you can think of so that losing money will not happen to you and also you can hold you money and use it for more necessary things. Economic problems will really occur during times like this, panic brought a lot of failure and damage to the market because they are too anxious about their money, which is not the right thing to handle this financial oppositions.

Yes, this is true. The economy is possible to collapse because of the financial crisis that is happening in every country that are affected of the virus. Economic recession also possible to happen because like what you guys said, the people might pull their stocks or investments in different businesses which may result to sudden drop of it. If everyone has this kind of mindset probably a lot of businesses would stop even after the quarantine because of the panic of people. If this is gonna happen the government should have plan for this, financial crisis is indeed visible in our country especially on the poor people. Unfortunately, people would be skeptical about the situation that is happening now cause no one knows what really gonna happen in the next few months. I am certain that once this economy fail a lot of people would protest and panic more.

At this time we are still facing the financial crisis and because of the virus and this is not quite good because from the previous weeks the stock market and also the cryptocurrency fall down again and many people selling their coins and buy a lot of things they need for survival and this is not good to the economy but still we cannot do something because there are no still cure in the virus and we are looking forward on it to make it back to normal again and brings up the market of the economy one of the good things we need to do is to have some contribution to the market and still circulating the process.