Is it true that Corona Virus may effect trading? - page 3.

elisabetheva

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Quote from: TIDOVEE on July 02, 2020, 02:20:31 PM

So you want to introduce a vaccine to cure Corona so that it won't affect trading.if you have the vaccine, it is another great opportunity not to only make it big but also to be known in many nations of the world,as you have solved the problem of affected countries. My take is, if you really have any help to offer, kindly help not only because of the trade it is affecting but also to safe the world.

opinions that really need to be supported during a pandemic like this, it is also imperative to think about solutions to overcome a pandemic that has taken up a lot of time, energy, thought and not a little money. as long as there are no drugs and vaccines then all will be devoted to the pandemic, because of rapid transmission and many countries have difficulty coping with the pandemic.

trade by itself will run smoothly again when the pandemic has finished. but as long as there is still a clear pandemic many transactions that are clearly disrupted cause trading to not move normally. how people do things but they themselves are filled with fear of transmission, obviously this is very disturbing.

TIDOVEE

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So you want to introduce a vaccine to cure Corona so that it won't affect trading.if you have the vaccine, it is another great opportunity not to only make it big but also to be known in many nations of the world,as you have solved the problem of affected countries. My take is, if you really have any help to offer, kindly help not only because of the trade it is affecting but also to safe the world.

Tahsin Kabir Kollol

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The effects of coronavirus pandemic have been observed in all types of trading. The onset of the coronavirus epidemic affected all trading markets and led to a sharp fall in prices. The effects of the coronavirus pandemic have also been observed in cryptocurrency markets, such as various stock and exchange markets. However, after the onset of the epidemic, the cryptocurrency market is now somewhat upward and stable. However, in some cases, trading volume and market volatility exist. So it is true that the effects of coronavirus have greatly affected trading.

XCANA

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The entire cryptocurrency market has been affected already, the coronavirus pandemic has done much harm to the cryptocurrency than we thought. Many exchanges have been on the low in terms of their trading volumes compared to the era of pre-covid-19. Although, this has not just affected the digital currency but even the stock market was hit hard, we understand that, the cryptocurrency is a volatile asset and with the coronavirus the price was shrink in size.
Though, this is just for a short period of time, when the market regain itself again we all we smile.

peterurb

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I think, that yes. In a positive way. People who are in quarantine don't know what to do so they are trading. Or they are finding crypto Youtube channels so they are trying to invest in BTC or another crypto as ETH which had quite a good rise. But Bitcoin did well too, cause that fall to 6k USD rose only by 2 months to old prices.

jostorres

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If you do have an idea for creating a vaccine, then you should look out for the right people. You can look for a way to reach out to the government in your country or those in charge of the health sector. You can then report to them and they will help you to work on a vaccine. Or maybe you can look for to reach out to other bigger organizations such as the World Health Organization (WHO), that’s if you’re very sure that what you have would work and help in the cure for Covid-19.

And as for affecting trading in cryptocurrency market, it doesn’t only affect cryptocurrencies in trading, every market is being affected. But, I’m happy that they have been able to recover after the heavy decline.

Zackgeno96

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Quote from: ?? on ??

Yes the corona virus was really affecting the market but we can still trading as long you know how to make profit with the situation. For now the market is stabilizing so it is good to trade.

Market isn't stable at all in this time as bitcoins are changing a lot hands and a lot of accumulation is going on, bitcoin is preparing for its next move and most probably it will show us a bear market which will make people loose a lot of money if they won't trade with this mindset of a bear market and have a lot of longs open. I myself is having a few shorts still running from $10k price from the past week and I am hoping for the price to fall further in $8k range for an even greater profit.

LbtalkL

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For me, Technically it does not have any effect there is no connection between trading and this coronavirus. But it has some effects on some traders, we are in crisis, it concerns about financial stability. I know in some countries they are almost back to normal but in some countries, it is still hard no work no pay. Some traders prefer to use the fund for the expenses of their families than gamble it on trading with no assurance. But I have seen small exchanges are shutting down, maybe because they are only few traders and cannot compete with others so it is better to shut down anyways to reduce sh*t exchanges with fake volume.

darewaller

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It is certainly true that bitcoin was affected by this corona virus, how could it not be? I mean the whole world and every single human has been affected, maybe not the ones who are doing scientific research on Antarctica was not affected by this but I am pretty sure even though they were safe from the virus itself, the impact of it has impacted them as well indirectly.

By this logic all humans on earth have been affected by corona virus, even if not the virus itself at least the causes of it. Which is why it is normal that crypto trading has been affected by corona virus and all the economical problems it has caused. I hope that people will move over and now that we are doing better financially (at least in price) we will continue this surge and go higher to a whole new level easier from now on out.

Kasabus

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Quote from: ?? on ??

Quote from: Dhoe on June 30, 2020, 04:58:07 AM

Quote from: Blue_oxen on June 30, 2020, 01:52:18 AM

True! Coronavirus brings both positive and negative effects on the cryptocurrency market. I can't stand watching people say that our market isn't affected by the global pandemic. That's ridiculous. There's no market can get rid of these effects from the global economy. Everything is connected in some ways. Obviously, our cryptocurrency market is not being affected as much as other markets but it doesn't mean there's none!

Can you give an example what negative effects the Corona virus on the Crypto market? I think it just gives a positive side to the Crypto market. Because people start to stay at home so that makes them bored and confused about how to make money, so they learn Crypto trading or learn various knowledge about Crypto world.

You are right, Corona Virus makes many working people stay at home and they are in a confusing state whether how to make money. Crypto market is another source of income and risk with the cryptocurrency is also the same, people who have knowledge towards trading will make a profit through trading.

Corona virus has opened doors for most of the people to learn about crypto and how it works. Yes, it has a big effect on the market but not directly on crypto trading. Good traders are still making profits from crypto market even if the price suddenly dump when they least expect it. But if this corona virus outbreak will still continue, there are still chances that crypto coins will now be affected and might increase or even decrease their value and traders might find hard time to make profits again.

Zackgeno96

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Quote from: ?? on ??

Quote from: Dhoe on June 30, 2020, 04:58:07 AM

Quote from: Blue_oxen on June 30, 2020, 01:52:18 AM

True! Coronavirus brings both positive and negative effects on the cryptocurrency market. I can't stand watching people say that our market isn't affected by the global pandemic. That's ridiculous. There's no market can get rid of these effects from the global economy. Everything is connected in some ways. Obviously, our cryptocurrency market is not being affected as much as other markets but it doesn't mean there's none!

Can you give an example what negative effects the Corona virus on the Crypto market? I think it just gives a positive side to the Crypto market. Because people start to stay at home so that makes them bored and confused about how to make money, so they learn Crypto trading or learn various knowledge about Crypto world.

You are right, Corona Virus makes many working people stay at home and they are in a confusing state whether how to make money. Crypto market is another source of income and risk with the cryptocurrency is also the same, people who have knowledge towards trading will make a profit through trading.

I was thinking that the Corona virus may lead to decline in the daily trading volume of bitcoin, but your opinion sounds more logical and now I think that there will be an overall increase in trading volume of bitcoin. Also the number of people signing up for trading courses will also increase exponentially because they will try to increase their knowledge and if people related to wall street also start to seek interest in bitcoin then it can also help in pumping up the price of bitcoin.

btc78

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Quote from: DashingAgent on March 11, 2020, 05:39:25 AM

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.

It already does mate,the next day after posting this thread?the market fell badly and decreased more than %50 the baddest day we have for couple of years after.

But it is good to see that after few days we have recovered and make a full up to 10k$ level again(but of course did not stay longer then)
But yeah Corona Virus really made really bad in everything in this world,not only for Crypto but in world economy.

lienfaye

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Quote from: BobBct on June 29, 2020, 10:10:57 AM

Well if you look at it, Then yes. It does affect the market. Why? because of people finding new ways on earning money at home while on quarantined. So they stumble over Cryptocurrencies which is an ideal investment if you are just at home finding something to earn money.

Thats true, when people are looking for opportunity to earn online crypto is one the option that might interest them. So if they engage themselves in crypto and start investing that will reflect to the market. The virus doesnt have direct impact to trading, it will only reflect to the decision that we made when we sell or buy if ever we need to cash out to buy necessities or invest for future purposes.

Dhoe

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Quote from: Blue_oxen on June 30, 2020, 01:52:18 AM

True! Coronavirus brings both positive and negative effects on the cryptocurrency market. I can't stand watching people say that our market isn't affected by the global pandemic. That's ridiculous. There's no market can get rid of these effects from the global economy. Everything is connected in some ways. Obviously, our cryptocurrency market is not being affected as much as other markets but it doesn't mean there's none!

Can you give an example what negative effects the Corona virus on the Crypto market? I think it just gives a positive side to the Crypto market. Because people start to stay at home so that makes them bored and confused about how to make money, so they learn Crypto trading or learn various knowledge about Crypto world.

Vitalicus

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Quote from: BobBct on June 29, 2020, 10:10:57 AM

I agree with you. Everyone at home will spend more time researching the crypto market, and I'm sure this is a good time to invest in this market. I was also heavily influenced by Covid-19, and my current job is being paused, making me feel very depressed. However, things have been favorable for me when trading in this market and until now, I have made more than 300% profit after only three months.

Ooh! That's an impressive amount of profit! Congratulations dude! You're right that trading based on short-term profit like daily trading is suitable for the market situation right now. However, we need to be aware of other unpredictable consequences when investing and trading at this point of time. Even though the market is recovering, it still contains a lot of risks!

Blue_oxen

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Quote from: thesmallgod on June 29, 2020, 09:25:28 AM

We have seen that the covid19 effect on trading is both positive and negative. During the beginning of covid19, there were panic sells which drives the price down but with time the price recovered and there has been upsurge in price particularly when the government release funds to the citizens to mitigate the effect of the virus on the standard of living. This was later reported on coinbase as the numbers of people that bought bitcoin during the process increase

True! Coronavirus brings both positive and negative effects on the cryptocurrency market. I can't stand watching people say that our market isn't affected by the global pandemic. That's ridiculous. There's no market can get rid of these effects from the global economy. Everything is connected in some ways. Obviously, our cryptocurrency market is not being affected as much as other markets but it doesn't mean there's none!

davidroux

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Quote from: BobBct on June 29, 2020, 10:10:57 AM

Well if you look at it, Then yes. It does affect the market. Why? because of people finding new ways on earning money at home while on quarantined. So they stumble over Cryptocurrencies which is an ideal investment if you are just at home finding something to earn money.

I agree with you. Everyone at home will spend more time researching the crypto market, and I'm sure this is a good time to invest in this market. I was also heavily influenced by Covid-19, and my current job is being paused, making me feel very depressed. However, things have been favorable for me when trading in this market and until now, I have made more than 300% profit after only three months.

DoublerHunter

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Quote from: thesmallgod on June 29, 2020, 09:25:28 AM

We have seen that the covid19 effect on trading is both positive and negative. During the beginning of covid19, there were panic sells which drives the price down but with time the price recovered and there has been upsurge in price particularly when the government release funds to the citizens to mitigate the effect of the virus on the standard of living. This was later reported on coinbase as the numbers of people that bought bitcoin during the process increase

^ Probably there is but only a small part that has an effect if we noticed that bitcoin price continued rising up despite the COVID 19.
But that correct, that was remain theory because we don't see any support that they really have a correlation between trading and the COVID 19. So probably that was a coincidence of dropping the price because as we see we don't have to feel too much downtrend during the first week of COVID 19, there is a small correction but it was resisted after few days.

bitbunnny

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That theory it's hard to support because actually no one is making exact analysis how pandemic affected trading and cryptocurrencies. At least I haven't come on anything like that. There are many studies and estimations how pandemic affected economies but no one is dealing with crypto market and that is not the only case where we lack figures and studies.
So, I guess everything depends on our own impression and assesment. I would say that there is kind of impact of pandemic on cryptocurrencies trading but it's really hard to define its nature.

Shallow

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Quote from: DashingAgent on March 11, 2020, 05:39:25 AM

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.

Cryptocurrency trading is another aspect of the crypto space in addition to investing and/or IEO scenarios; therefore I can say that since the pandemic affected the crypto space there is no way it won't affect trading because some of the deciding attributes in the crypto space is news which most times brings fear and panic, therefore since these were instilled during the height of the pandemic it affected everything. But nowadays, people are gradually moving on while finding more reasons to continue in their different endeavours which will help sustain them. Talking about your idea, is it crypto related or what? Either way, if you believe it can help, then continue working on it.

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