I agree with you. A crisis is an opportunity as well as a challenge. In addition to tightening spending, narrowing the scope of business, hoarding money, looking for opportunities to invest in crisis is also a good way to do it. You can follow along to buy good stock codes, real assets like real estate, houses, of course, at good prices.
how can you say that its an oppurtunity ? where in fact people actually loose thier jobs or loose thier opurtunity if they just got hired and are supposed to work if not because of the epedemic but i agree that its a challenge and the weak will be destroyed if they will not stand up and fight . staying at home for a long time makes people lazy and result to get more hungry so they will eat too much . they will use internet too much too and other expense will just move up instead of going down if they will save
There are opportunities in every crisis, we should learn from history that we can be wealthy if we find opportunities in recession like what is happening today. The cryptocurrency market and stock market are build of different emotions like fear, greed, depression and euphoria. These emotions represent the current prices, there are a lot of professional traders who earn huge amount of money when there is a fear in the market but we should manage our risk carefully especially if we will do counter trade strategies.