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Topic: Is it true that Corona Virus may effect trading? - page 2. (Read 1737 times)

full member
Activity: 1036
Merit: 109
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.
hero member
Activity: 1372
Merit: 564
It is not really trading, it is economy that was under attack. Think of a world (shouldn't be hard) where people never go to work, they are at home, many business closes, nobody makes money, everyone is out of a job, and you think bitcoin wouldn't be affected? People keep forgetting that bitcoin wasn't created so that you could make more money during crisis, it was created because after the crisis (this one and on all other previous ones) governments managed to give rich people tons of money while poor people got screwed, hence that is why I think bitcoin is valuable.

If you had bitcoin during this period, you made your money back to what it was, if you had dollars you got help from government while rich people got 10x more than you did (probably even more) hence bitcoin makes people equals even if they are poor or rich.
There is already an effect to the economy more specifically in cryptocurrency market, remember when the coronavirus is still in hot issues and the price of the bitcoin dropped to $3000 per each. That time, everybody is fearful because there is panic everywhere. Not only the bitcoin dropped but the majority of altcoins are also experienced it. Even in indices, there major crashed happened because the global economy collapsed.

This pandemic not only brought a virus but brought drought to the economy of almost all nations around the world. This drought that a pandemic brought has also an effect to the crypto market as we can see crypto itself was struggling to boast its value up to high peak like in the year 2017. But this pandemic brought people also to get more engaged in technology and hope that a lot more have discovered the cryptocurrency and attract more investors.
member
Activity: 512
Merit: 10
BountyMarketCap
At the moment I don't think that the coronavirus has an effect on trading. However, this might change in the future. We all see that the world economy and market already suffer some consequences due to the virus spread so if this escalates and lasts for a longer period of time crypto market might get affected too. Let's hope for the best that this not happens but on the other side, we need to be prepared in every scenario.


So far this has not ensued. However, since the prevalence of corona is not lessening, frivolity can be announced for sure yet. If it continues like this then trading could have a tragic effect in the imminent future.
hero member
Activity: 1582
Merit: 523
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.
Well agreed the whole world economy is struggling to this virus, on the contrary, the affected the most are those traders that cannot sustain their needs during these tough times. Even there is pandemic the brighter side that most of us were able to manage this current situation and still able to do trading. So globally are affected and only vaccine can resolve this crisis we're facing.
jr. member
Activity: 294
Merit: 1
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.
sr. member
Activity: 924
Merit: 275
It is not really trading, it is economy that was under attack. Think of a world (shouldn't be hard) where people never go to work, they are at home, many business closes, nobody makes money, everyone is out of a job, and you think bitcoin wouldn't be affected? People keep forgetting that bitcoin wasn't created so that you could make more money during crisis, it was created because after the crisis (this one and on all other previous ones) governments managed to give rich people tons of money while poor people got screwed, hence that is why I think bitcoin is valuable.

If you had bitcoin during this period, you made your money back to what it was, if you had dollars you got help from government while rich people got 10x more than you did (probably even more) hence bitcoin makes people equals even if they are poor or rich.
There is already an effect to the economy more specifically in cryptocurrency market, remember when the coronavirus is still in hot issues and the price of the bitcoin dropped to $3000 per each. That time, everybody is fearful because there is panic everywhere. Not only the bitcoin dropped but the majority of altcoins are also experienced it. Even in indices, there major crashed happened because the global economy collapsed.
member
Activity: 420
Merit: 12
Globe-dex.com
Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

What is the bottom line of your question dude? In fact, I don't see the connection of corona virus in crypto trading.
Because We are in digital technology in terms of virtual money. Therefore, my is that it don't have any effect in crypto trading
in regardless of corona virus, Good day Smiley

Adding to your response, back at 2018 to 2019 I believe we experience huge Barish market if am not mistaken, so pandemic cases have no connection to trading. We are digit now!.
member
Activity: 345
Merit: 13
Hard work is the most important key to success.
Not just cryptocurrency rapprochement but the global market economy has been affected by the epidemic. If you look at the current state of the USD, you can see how much it has affected. No currency is in a good position. The market is very volatile.
sr. member
Activity: 1540
Merit: 255
Almost every country's economy is under threat thanks to the virus it's true that the coronavirus can affect trade and lots of countries around the world are on the verge of shutting down imports and exports. There are many crises within the garment sector including raw materials but the govt is trying to allocate more to the health sector When there's doubt about the assembly of products thanks to lack of staple traders need to take care of exporting it after production This is because the quantity of tourism and shopping is declining in China also because of the global corona spread.
The whole economy is still in a very difficult period and I think it will take several years for this economy to recover. In fact, Covid-19 upset the lives of so many people and all my previous plans were cancelled since the outbreak. However, the most interesting thing here is that the crypto market has not been affected much by this epidemic and this makes me very surprised because until now the crypto market has become better over the past few months.
Indeed. The crypto market has not been affected since bitcoin halving has started, even we are in the middle of the pandemic. That is why crypto users are not having problems managing their portfolios than people who have invested their money in stocks that they are now having issues with how they will pull out their money.

You are right, people who invested in the share market and stocks have already lost the huge amount of money due to pandemic, crypto users are always finding their own idea to find out the best coin for investments, now the situation of the market is in control because Covid-19 didn't affect the cryptocurrency.
member
Activity: 1120
Merit: 68
Almost every country's economy is under threat thanks to the virus it's true that the coronavirus can affect trade and lots of countries around the world are on the verge of shutting down imports and exports. There are many crises within the garment sector including raw materials but the govt is trying to allocate more to the health sector When there's doubt about the assembly of products thanks to lack of staple traders need to take care of exporting it after production This is because the quantity of tourism and shopping is declining in China also because of the global corona spread.
The whole economy is still in a very difficult period and I think it will take several years for this economy to recover. In fact, Covid-19 upset the lives of so many people and all my previous plans were cancelled since the outbreak. However, the most interesting thing here is that the crypto market has not been affected much by this epidemic and this makes me very surprised because until now the crypto market has become better over the past few months.
Indeed. The crypto market has not been affected since bitcoin halving has started, even we are in the middle of the pandemic. That is why crypto users are not having problems managing their portfolios than people who have invested their money in stocks that they are now having issues with how they will pull out their money.
sr. member
Activity: 1078
Merit: 250
http://unidapp.app
Almost every country's economy is under threat thanks to the virus it's true that the coronavirus can affect trade and lots of countries around the world are on the verge of shutting down imports and exports. There are many crises within the garment sector including raw materials but the govt is trying to allocate more to the health sector When there's doubt about the assembly of products thanks to lack of staple traders need to take care of exporting it after production This is because the quantity of tourism and shopping is declining in China also because of the global corona spread.
The whole economy is still in a very difficult period and I think it will take several years for this economy to recover. In fact, Covid-19 upset the lives of so many people and all my previous plans were cancelled since the outbreak. However, the most interesting thing here is that the crypto market has not been affected much by this epidemic and this makes me very surprised because until now the crypto market has become better over the past few months.
hero member
Activity: 3122
Merit: 672
www.Crypto.Games: Multiple coins, multiple games
It is not really trading, it is economy that was under attack. Think of a world (shouldn't be hard) where people never go to work, they are at home, many business closes, nobody makes money, everyone is out of a job, and you think bitcoin wouldn't be affected? People keep forgetting that bitcoin wasn't created so that you could make more money during crisis, it was created because after the crisis (this one and on all other previous ones) governments managed to give rich people tons of money while poor people got screwed, hence that is why I think bitcoin is valuable.

If you had bitcoin during this period, you made your money back to what it was, if you had dollars you got help from government while rich people got 10x more than you did (probably even more) hence bitcoin makes people equals even if they are poor or rich.
hero member
Activity: 2184
Merit: 798
Top Crypto Casino
What is the bottom line of your question dude? In fact, I don't see the connection of corona virus in crypto trading.
Because We are in digital technology in terms of virtual money. Therefore, my is that it don't have any effect in crypto trading
in regardless of corona virus, Good day Smiley

You're probably missing out then. Because the pandemic has affected almost every market (crypto market inclusive). It is currently hampering global economies. Even people who had savings in crypto tend to withdraw it in order to survive as there's no much jobs right now. There was a crypto market crash back in march this year, that crash was caused by people panicking over the pardon. Because bitcoin is still above  $9K doesn't mean it isn't affected by the coronavirus effects.
sr. member
Activity: 546
Merit: 253
Since the arrival of COVID-19, all countries with developed economies have experienced a crisis and without the vaccine, the world will never be able to return to the way it was before. In my country, there are millions of unemployed people and I am one of them so I just hope this can end soon. During this time, I can only choose to trade in this market or participate in some bounty campaigns to earn more income.
This pandemic dont have direct effect on trading but it does affect the traders because some of us are struggling to survive during this trying times. We are relying on our other source of income to sustain our needs. If a trader lose his real job, he will count on his earnings here so his trading activities might become frequent depending on the status of the market.
I think this pandemic has slowed everyone down and any decisions made during this time period have been carefully considered. I'm not sure when things will return to normal but surely COVID-19 will live with us for a very long time. Certainly, there will be a lot of people affected and if the psychology is not good, you will easily fail when trading here.
full member
Activity: 1121
Merit: 100
I think, there is no connection with trading, because it is the most secure investment or trade, in trading,  there is no touch connected with crypto-currency. So i think, it should more investment than the other business.         
full member
Activity: 381
Merit: 101
Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

What is the bottom line of your question dude? In fact, I don't see the connection of corona virus in crypto trading.
Because We are in digital technology in terms of virtual money. Therefore, my is that it don't have any effect in crypto trading
in regardless of corona virus, Good day Smiley
hero member
Activity: 3010
Merit: 629
Since the arrival of COVID-19, all countries with developed economies have experienced a crisis and without the vaccine, the world will never be able to return to the way it was before. In my country, there are millions of unemployed people and I am one of them so I just hope this can end soon. During this time, I can only choose to trade in this market or participate in some bounty campaigns to earn more income.
This pandemic dont have direct effect on trading but it does affect the traders because some of us are struggling to survive during this trying times. We are relying on our other source of income to sustain our needs. If a trader lose his real job, he will count on his earnings here so his trading activities might become frequent depending on the status of the market.
sr. member
Activity: 440
Merit: 250
#SWGT CERTIK Audited
In my own opinion I think that previously the trading development are trapped with more sequences and instantly have a problem before the corona virus attack.Because the yearly financial crisis booming are constantly propagating due to calamity together with climate changes and the investment impact has been suffering.SO I think we have to accept our digital way of life as traders as well we cannot force to prevent this as our individual history.
Since the arrival of COVID-19, all countries with developed economies have experienced a crisis and without the vaccine, the world will never be able to return to the way it was before. In my country, there are millions of unemployed people and I am one of them so I just hope this can end soon. During this time, I can only choose to trade in this market or participate in some bounty campaigns to earn more income.
sr. member
Activity: 1638
Merit: 278
Guys we can stop talking about corona virus effecting trading because this is July now and even though corona is still out there, the trading world is back to what it was. The only time it was effecting anything was around late march and all of April, by middle of may it started to not really effect anything, not bitcoin, not altcoins, not gold, not stock market, not forex, not oil nothing. So at the end of the day it DID effected things, but right now I do not think it is effecting anything at all.

Definitely, you can make a case about how there are scientists who are saying that we couldn't find a cure which means we will still have a bigger impact later on with a second wave, but that is something that WILL happen according to them and not happening right now so we can't talk about today.
full member
Activity: 1316
Merit: 108
In fact, coronavirus did much harm to every country and undermined their economies, but nevertheless, most countries, and most importantly businessmen and people, managed to navigate in difficult times and found other options to support business and their lives, but the whole system worked a little differently. people went to work remotely, and also found other ways to buy food, things, and other goods in home isolation. The situation is the same with businessmen who complied with quarantine conditions, closed their enterprises and stores, but used online resources and delivery services to continue to work and trade their products. but if you pay attention to the stock market and the cryptocurrency market, then after a slight decline, everything began to return to normal. In my opinion, the situation will even improve, because due to many problems investors will look for alternative investment opportunities. besides, I cannot say that coronavirus harmed the cryptocurrency market.
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