Quote from: TimeTeller on February 05, 2022, 11:43:41 PM

Quote from: The Pharmacist on February 05, 2022, 11:33:26 PM

Quote from: cabron on February 05, 2022, 03:04:19 AM

The crypto market isn't out of liquidity though, the price went up overnight from $37K to $41K. Volume and the spike are certainly not a confirmation of what you are saying.

Yeah, I was certainly surprised to see that. I wasn't sure which way bitcoin was going to move, but the fact that it was upwards a few thousand dollars means there's likely still a lot of money to burn on risky investments--which means there's still a lot of money floating around out there.

I'd also say that the fact that OP doesn't see a lot of people at malls and shopping centers near where he lives may be deceptive. People could be buying a lot of stuff online, and obviously that wouldn't be observed by anyone other than the people who bought said stuff. I'm also really not sure what "liquidity drying up" means in the context of the general economy. That phrase has meaning in trading markets, of course, but the general public not having enough cash available to them should never be a problem--especially since most transactions are done with smartphones or debit/credit cards.

That is very right. With the pandemic, a lot of people are shopping online whether food or basic necessities.
The e-commerce industry definitely gained so much during this period because it is like our new normal.
As most people prefer to stay at home these days, you won't really find many people just roaming around for nothing like before.
Also, as much as possible, people are learning their lessons this pandemic. Many are spending their money only to necessary supplies.

Why would people buy food online ? isn't food more expensive if you include delivery cost ?