The emergence and prominence of digital economy can be put down to coronavirus pandemic effects, which shows how economy was halted, to combat the pandemic. During the COVID-19 hit year, economy was shut down, on course of fighting for life, people were restricted at homes, except the frontline heroes, medical personnel, who were out there fighting and finding solutions to mitigate the dreaded virus, which was fast ravaging and destroying lives.
Digital economy gives people something to think about and hold unto, when the situation is absolutely demeaning. Young people were piling into this sector, with sole aim of becoming totally independent financially, after the big threat mounted by Covid-19. There were big numbers of young investors and the outcome seem fruitful. The surface of cryptocurrency skyrocketed the activities of digital economy and there were large numbers of involvements.
A 19-year old inspiring world of digital economy
The pandemic changed mentality, everyone was desperate to recover from COVID-19 loss, and make amends to budget. It was very popular among young people, which seems like the future is actually heading somewhere coupled with hope for revival. It became a dominant topic and often discuss the change in market strategy, and look forward to new development that will hasten serious outcome.
The vulnerability of young people when it comes to investing and the knowledge of investment was quite limited, and it caused them fortune when they are actually hoping for a big outcome, and it turns out to deter their hopes and expectations. The eagerness to move with the crowd, has landed many people into the traps of swindlers who took the advantage of vulnerable young investors, to make dishonest means. This has become a constant practice in the cryptocurrency world, with that interests are diminishing.
The faith showed in it at the earlier stage has gone below the bar, as malicious practices are prevalent in the system, daunting the hopes of young people who want to change their financial status.
