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Topic: Is it true that Corona Virus may effect trading? (Read 1779 times)

member
Activity: 868
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The virus has affected not only business but everything besides factories inside the country may be closed workers may be laid off recruitment may be stopped and salaries may be stopped careful advance preparation is required to avoid such situations. Government support for low-income people needs to be increased even if the expenditure increases the income of the government will decrease the budget deficit will increase further the macro economy will face big challenges in all aspects.
full member
Activity: 567
Merit: 148
I don't see any correlative connection between them, crypto trading will not be affected by coronavirus because we are on digital. There's probably a high chance if that has come from the stock market and it is physically involved. I don't see any valid reason if Crypto trading will affect the world epidemic today. Stay at home and you will be safe from that virus.
I imagine so similarly because it is an online procedure. There is no possibility to effect Covid-19 here. The ups and downs of the market may be expected to something. Heretofore it is not permanent, anything can transpire, but not for the Covid-19.

I my opinion, it can affect crypto trading. Staying more at home or even sometimes, staying at home almost all the time, people start thinking what to do to make money. They Google a lot, and stay online. As the internet has a bunch of information about crypto, many guys can try to get involved in it.
full member
Activity: 1470
Merit: 148
Actually this pandemic made some shake up in the industry in it early stage, we saw those weak hands that couldn't hold their coins because of the fear created from the process. The whales did caused the pandemonium and those newbies with weak hands actually fell into their traps by sell out their stash which was later sold back higher to them. 
hero member
Activity: 1288
Merit: 504
Wow! This is very much unlikely to occur @OP. It is a lie from the depths of hell. I don't see how this could ever happen. One thing we most know about trading is this, which ever way the news thus go, it's always going to favour one coin or the other.
That's the beauty of trading, it never stops and it just keeps going on and on. What might reduce is the volatility but then, volatility doesn't depend on any pandemic or serious element to either increase or reduce. It depends on individual traders perception of the market and possibly in the course of awaiting news.
Traders have more advantage than most other fields in the cryptosphere as it is a 24hour market and doesn't depend on any physical constraint to run smoothly.
sr. member
Activity: 2366
Merit: 332
This pandemic affected every aspect of our lives directly or indirectly so trading isn't exception. Some people are more keen to panic, it's hard to predict what will happen and how and traders also feel this insecurity. I don't know if someone has carried out some research about impact of pandemic of crypto trading but I"m sure there are consequences.

But rather trade I think hodling is more affected. Trading is not affected in my thinking because the market continues to fluctuate and traders make profit from it but hodling a coin now is risky as price of some coin refuse to go up , if price don't go up hodlers don't make profit.
sr. member
Activity: 868
Merit: 256
This pandemic affected every aspect of our lives directly or indirectly so trading isn't exception. Some people are more keen to panic, it's hard to predict what will happen and how and traders also feel this insecurity. I don't know if someone has carried out some research about impact of pandemic of crypto trading but I"m sure there are consequences.

This pandemic effect to trading was been seen by the first of the year, but it is amazing to watch crypto market  get up each day passes even we have facing pandemic crisis today. It is so relevant that every business were been affected by the drought that this pandemic brought, many of small business were declared bankrupt and even some big business were been closed by long time. It is amazingly how cryptocurrency been able to get up, and see how the market get that green lines, indicating positive income.
full member
Activity: 644
Merit: 103
This pandemic affected every aspect of our lives directly or indirectly so trading isn't exception. Some people are more keen to panic, it's hard to predict what will happen and how and traders also feel this insecurity. I don't know if someone has carried out some research about impact of pandemic of crypto trading but I"m sure there are consequences.
Bitcoin has laid the foundation for the future of finance. Cool The broader cryptocurrency market is set for a Cambrian explosion of assets and a market comparable to the creation of the internet itself. As COVID-19 acts as a catalyst in the dismantling of old institutions and legacy financial systems, it will pave way for cryptocurrency and tokens to take their place. I believe Bitcoin will be worth more than $ 50,000 after the coronavirus pandemic.

hero member
Activity: 1498
Merit: 586
This pandemic affected every aspect of our lives directly or indirectly so trading isn't exception. Some people are more keen to panic, it's hard to predict what will happen and how and traders also feel this insecurity. I don't know if someone has carried out some research about impact of pandemic of crypto trading but I"m sure there are consequences.

It simply imply that this pandemic didn't affect the real business small or big business, established or newly raise business. This pandemic left no exception when it comes to a economic crisis and so the online trading were affected too. Cryptocurrency were also affected by this pandemic, as what we have observed on the market on the first semester of this year where pandemic were started to spread worldwide the crypto values were also on its downfall. Its amazing to think how cryptocurrency market manage to get up despite of pandemic.
member
Activity: 627
Merit: 14
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I don't see any correlative connection between them, crypto trading will not be affected by coronavirus because we are on digital. There's probably a high chance if that has come from the stock market and it is physically involved. I don't see any valid reason if Crypto trading will affect the world epidemic today. Stay at home and you will be safe from that virus.
I imagine so similarly because it is an online procedure. There is no possibility to effect Covid-19 here. The ups and downs of the market may be expected to something. Heretofore it is not permanent, anything can transpire, but not for the Covid-19.
legendary
Activity: 2912
Merit: 1068
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This pandemic affected every aspect of our lives directly or indirectly so trading isn't exception. Some people are more keen to panic, it's hard to predict what will happen and how and traders also feel this insecurity. I don't know if someone has carried out some research about impact of pandemic of crypto trading but I"m sure there are consequences.
full member
Activity: 644
Merit: 103
This is not only cryptocurrency whole world are now in victims of Corona virus.All of currency are now in affected for it.It is really true whole world are facing the problem for epidemic situation.No one can get rid of this suddenly.It takes lot more time to recover.All the sectors were shut down  now slowly it will re open and many more people are undergone this situation.Corona make people suffer general people are in the road side.
Bitcoin is stronger than the coronavirusBTC Cool Is not any secret that the FED printed trillions of dollars to support the economy which crashed due to COVID-19. And on the other hand, USDT has been supporting BTC in terms of price from quite a long time. I believe that a new bull run is coming now.

legendary
Activity: 3486
Merit: 1055
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This thread has been created at the start of the worldwide infection and spread of coronavirus wherein we have seen a sudden downfall at the prices of crypto currencies in the market but the murmurs have already been settled that there is a quite effect on the market including trading which have already been okay for a couple of months since prices rise up even at the time that the virus is still present. I think there could be a possible effect when it comes to trading for funds of traders are being allotted to health related concerns which can affect the trading market because some or maybe many are pulling out their funds to be able to sustain their needs for medical attention but so far, the effect is not that negative as we can observe for the market is already doing good.
Yes and also, every event will definitely have an impact on trading so it is not surprising when the panic increases they no longer care about the profits and losses with the trades they have done, at least they will immediately sell to be able to secure their money from the market collapse and that is a worry like just happen. The OP wanted to share some of his ideas but unfortunately it didn't say there, I was just wondering what ideas he had regarding the pandemic, vaccines and trading he was talking about.
sr. member
Activity: 1484
Merit: 323
This thread has been created at the start of the worldwide infection and spread of coronavirus wherein we have seen a sudden downfall at the prices of crypto currencies in the market but the murmurs have already been settled that there is a quite effect on the market including trading which have already been okay for a couple of months since prices rise up even at the time that the virus is still present. I think there could be a possible effect when it comes to trading for funds of traders are being allotted to health related concerns which can affect the trading market because some or maybe many are pulling out their funds to be able to sustain their needs for medical attention but so far, the effect is not that negative as we can observe for the market is already doing good.
sr. member
Activity: 2842
Merit: 326
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I don’t think your thinking is wrong it’s true that the Corona virus has affected the business. Most of the people are spending their days in despair as everything including business is closed due to the damage to the country's economy. But crypto did not have any effect later everyone is leaning towards crypto and the economy is rapidly recovering and increasing the amount of trade investment.
People are more concerned about their health ' health is wealth' thus corona virus will definitely affect trading, infected people will focus more getting heal quickly while undergoing treatment in isolation thus there won't any room for trading, many countries had already entered recession thus crippling their economic activities no thanks to this pandemic and many business closed.
sr. member
Activity: 2520
Merit: 366
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For me yes it does have an effect on trading people would try to gain while they are force to stay at home for their safety so they might find it a way to earn or be busy while they are staying home.
I have been more active in trading sites nowadays because I don't have much to do so I guess it does have effect on trading or crypto.
There are 2 types of traders who were formed during this outbreak...

- who are increasingly becoming active trading because they 'stay at home'
- stop trading for fear of running out of funds during the outbreak which it is not clear when will end

This epidemic has affected us mentally and forces us to do things that we don't like especially as traders.
member
Activity: 252
Merit: 11
I don’t think your thinking is wrong it’s true that the Corona virus has affected the business. Most of the people are spending their days in despair as everything including business is closed due to the damage to the country's economy. But crypto did not have any effect later everyone is leaning towards crypto and the economy is rapidly recovering and increasing the amount of trade investment.
hero member
Activity: 3024
Merit: 629
There is also a thread that explains that investors in that certain country are being interested in investing in cryptocurrencies, mainly Bitcoin. I think that also is an effect of the pandemic and it could be a positive effect of it since more of us are talking about the negative effect of the pandemic we are experiencing now to trading.
Some people are now focus to look for opportunity online. Thus crypto is one of the option that they can grab to start earning.

This virus affect the market negatively at first due to some investors panic selling because of fud, but it didnt last long since the market recover after few days/months.

We are aware that despite of the pandemic it didnt stop people to engage themselves in crypto to look for opportunity. The reason why the number of traders/investors are increasing.
hero member
Activity: 1722
Merit: 528
Perhaps my thoughts will seem wrong to someone, but nevertheless, in my opinion, the coronavirus pandemic greatly affects the economies of countries, including the value of national currencies. Many investors, as well as ordinary people, in search of alternative assets, pay the most attention to cryptocurrency. That is why the volume of daily cryptocurrency trading has been increasing recently, which indicates an increase in people's interest in cryptocurrency during the coronavirus period.

I believe in this too.

There is also a thread that explains that investors in that certain country are being interested in investing in cryptocurrencies, mainly Bitcoin. I think that also is an effect of the pandemic and it could be a positive effect of it since more of us are talking about the negative effect of the pandemic we are experiencing now to trading.
full member
Activity: 1316
Merit: 108
Perhaps my thoughts will seem wrong to someone, but nevertheless, in my opinion, the coronavirus pandemic greatly affects the economies of countries, including the value of national currencies. Many investors, as well as ordinary people, in search of alternative assets, pay the most attention to cryptocurrency. That is why the volume of daily cryptocurrency trading has been increasing recently, which indicates an increase in people's interest in cryptocurrency during the coronavirus period.
legendary
Activity: 1750
Merit: 1329
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For me yes it does have an effect on trading people would try to gain while they are force to stay at home for their safety so they might find it a way to earn or be busy while they are staying home.
I have been more active in trading sites nowadays because I don't have much to do so I guess it does have effect on trading or crypto.

The pandemic coronavirus is spreading and the main target of this is the people and cause losing of the economic wealth many people got infected and some of the higher people who are on the top are donated and helps those people. This virus affects the world of trading, no it's not instead it affects the economic growth due to having a problem of import and export the same with the tourism got stop the trading of the money will stop too because they are now preventing the spreading of infection than continuing the work and the economy. Many hoaxes spread rapidly because when the pandemic outbreak starts the price of the bitcoin falls, well this is naturally volatile so it's too hard to say that it causes by COVID too.
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