The forecast is for many to die globally and many many more to lose their jobs. The world as we know it today will never be the same again.
We are in the beginnings of a recession right now.
This is obviously going to effect our industry, and every other industry. Most industries will be effected negatively (not all). We are already seeing a lack of contests. The effect has been immediate. I’m sure SH won’t answer your question, but I suspect the effect in domain sales has been immediate too.
There are four schools of thought amongst domainers.
1). Everything is going to be fine. This will all blow over in a few months, I’ll just carry on as normal.
2). YAY, a chance to pick up domain bargains by those selling or dropping.
3). A chance to slim down my portfolio and sell the crud to those in group 1 and 2.
4). Sell everything now before the masses realize what is going on because in a month from now my entire portfolio will be worth nothing.
I suspect it depends on peoples realization of the situation, their personal finances, the stability of their job, their age and health and the health of their family, and whether or not they can afford to hold a portfolio of domains with little or no sales for months, potentially years as to which category they fall into.
As soon as the number of new cases daily starts to drop, the stock market will turn and we will all start building on that.
At 6.45am UK time 19 March:
Total confirmed cases 218,585
Fatal cases 8,943
I may update those figures over the coming weeks.