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Topic: Is it true that Corona Virus may effect trading? - page 5. (Read 1737 times)

hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
The word trading can be a vague term to describe a few things, it might be the market itself, the traders themselves, both, or maybe some other factor. Tbh, even with it affecting the market in general, just by seeing the market today, you could see that it made quite a successful recovery from the damage it "possibly" dealt. As for traders being affected, I doubt it much. Even if there were some infected traders, I doubt the market would be affected that much, I mean, the amount of people that trade every day is enormous and a part of them being infected and stopping trading shouldn't be that huge.

Also, if you want to give ideas to help the vaccine for COVID - 19, go to a hospital mate. Or just look up contact numbers of medical agencies or something. You should be able to coordinate with them more than enough and I'm pretty sure your ideas are much more well understood when heard by a professional (that is unless they identify you as being crazy even before hearing your idea).
sr. member
Activity: 1610
Merit: 372
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.
Coronavirus has a direct impact on financial markets and forex trading and it will continue to do so for a long period of time. There is high volatility in the market due to COVID-19

Most likely the fault is not so much the coronavirus as the quarantine measures that it entailed. In some countries, as you know, quarantine was not introduced, and the economy continued to operate normally.
It is possible that if the quarantine measures were not so tough in America and China, we would not have seen such a strong drop in quotations.
newbie
Activity: 5
Merit: 0
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.
Coronavirus has a direct impact on financial markets and forex trading and it will continue to do so for a long period of time. There is high volatility in the market due to COVID-19
sr. member
Activity: 1596
Merit: 264
Why there are so many threads like this? What does BTC and crypto trading have to do with COVID-19? Like affecting it's price and make traders panic because of the economic collapse?

I don't think it affect that much, and traders keep trading like the normal days. While the economy collapsed, cryptocurrency and blockchain have benefited more from it. Before the lockdown happened here in my city, Bitcoin was treading water from $5k to $5.5k.

Now we're treading water at $9k to $9.5k range and blockchain-related jobs, virtual events and demand have surged even more.

This thread just got bumped as it was posted back in March.

In the end, there's just minimal to no effect on crypto since every single thing that you'll almost do in crypto is in digital and that counts no physical contact that leads to the risk of infection unless you're still doing personal trades to other people from afar but I don't think that many people do that anyway.

If there's anything of an investment that it got affected, it would be the stock market nonetheless.

It's kinda crazy that Bitcoin dipped to 5k like it was back in 2018 when it went even more below that and there's even no pandemic that happened that year.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
I dont see any correlative connection between them, crypto trading will not be affected on 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 dont see any valid reason if Crypto trading will affected to the world epedimic today. Stay at home and you will be safe from that virus.

The only relation that I see is that during economic crisis, world economy is really struggling to manipulate and help their economy to recover. Cryptocurrency is not that really affected from this pandemic and they have different targets and platform to be affected with.

It is not that because economy is in a downward movement, trading will also occur in a downward movement.

They are not that really related to each other. You can trade whenever you want in the market but you just need to make sure the market situation. Just continue trading until you're getting profit from it and stop when it is not. Covid-19 can promote the use of cryptocurrency but not directly affect the trading in the market.
full member
Activity: 2408
Merit: 202
The virus affects everything, well it can be a good or bad effect to anyone. But in trading, its not that much since we always move depend on the market trend and market situation, so this is just like a normal scenario in trading where you have to cut your losses in order to minimize the losses and buy again when you see the opportunity price to enter. If you get too emotional then it will be hard for you to trade right now, better to build yourself first and set aside that emotions.
The market moves according to traders sentiments, if you are working with this business you need to setup everything
according to how you understand the situations.
Corona might impact investors in terms of wisely use their money, there are people who choose to stay away from the
market and keep their money.
Making sure that they've got enough funds to fill their everyday needs, instead of placing an entry they are postponing
and reassess the market trends.
sr. member
Activity: 2422
Merit: 357
The effect of the covid-19 is evident in all the markets worldwide, it was logical, it is fundamental, the emotions were evident, even even the gold fell a little, those traders who took advantage of the fall were many, all important event in The world will have an effect on the market for both Bitcoin and everyone.
The virus affects everything, well it can be a good or bad effect to anyone. But in trading, its not that much since we always move depend on the market trend and market situation, so this is just like a normal scenario in trading where you have to cut your losses in order to minimize the losses and buy again when you see the opportunity price to enter. If you get too emotional then it will be hard for you to trade right now, better to build yourself first and set aside that emotions.
legendary
Activity: 3248
Merit: 1179
Why there are so many threads like this? What does BTC and crypto trading have to do with COVID-19? Like affecting it's price and make traders panic because of the economic collapse?

I don't think it affect that much, and traders keep trading like the normal days. While the economy collapsed, cryptocurrency and blockchain have benefited more from it. Before the lockdown happened here in my city, Bitcoin was treading water from $5k to $5.5k.

Now we're treading water at $9k to $9.5k range and blockchain-related jobs, virtual events and demand have surged even more.

Well I think we have so many threads like this one because people are brainwashed. This is only a try to sum it up, this government campaign is like "wash your hands, while we wash your brain". Covid is everywhere around, they locked us down and on tv and newspapers only things you could see is Covid, how many new sick people we have, how many have died, how strong virus it is, what are we going to do about it, bla bla bla...
Lock down have a positive effects on crypto, simply many people didn't have what else to do than to search internet, and probably the most searches were about how to make some money online, crypto is more popular than ever and people had time to check more about it.
hero member
Activity: 2254
Merit: 658
Looking for gigs
Why there are so many threads like this? What does BTC and crypto trading have to do with COVID-19? Like affecting it's price and make traders panic because of the economic collapse?

I don't think it affect that much, and traders keep trading like the normal days. While the economy collapsed, cryptocurrency and blockchain have benefited more from it. Before the lockdown happened here in my city, Bitcoin was treading water from $5k to $5.5k.

Now we're treading water at $9k to $9.5k range and blockchain-related jobs, virtual events and demand have surged even more.
sr. member
Activity: 493
Merit: 250
IDENA.IO - Proof-Of-Person Blockchain
The effect of the covid-19 is evident in all the markets worldwide, it was logical, it is fundamental, the emotions were evident, even even the gold fell a little, those traders who took advantage of the fall were many, all important event in The world will have an effect on the market for both Bitcoin and everyone.
Covid-19 affected investor psychology very much, and in the second half of this year, the whole world economy declined very quickly in just a short time. I'm very bored at home, and my current job has to stop temporarily. Covid-19 affects the lives of millions of people around the world, and I just want a vaccine to stop it. Of course, vaccines will be the news that can make the whole economy recover and investment demand will rise again.
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
The effect of the covid-19 is evident in all the markets worldwide, it was logical, it is fundamental, the emotions were evident, even even the gold fell a little, those traders who took advantage of the fall were many, all important event in The world will have an effect on the market for both Bitcoin and everyone.
sr. member
Activity: 1848
Merit: 328
Coronavirus has hit economies very badly and put the world into recession phase. People around the globe have no money to eat, to travel or to buy anything. This pandemic has hit the trading world as well because people now a days dont have large amount of funds to invest in trading.

Yes, many countries are facing issues with Coronavirus because daily labor is losing their work and this makes many people are don't have money to eat food. This pandemic makes many people kept their money aside for living and not for trading.
Ever since this topic was created it affected trading in all directions and it is a bit confusing to see as well. First it affected because traders were afraid and sold, after that it was hopeful because everyone saw it was low and realized bitcoin worths more and bought, after that it got so high that people thought it was too much and sold, now for a while people think corona is not really a huge issue anymore (still big but we are not stuck at home and dying by tens of thousands every day) so they stopped.

Like this is three directions bitcoin price could go, up/down/stable and all of it happened all due to corona. It is a marvel and still confusing that one thing could affected another in every single direction like it did. That is why it was so hard to trade during this period for thousands of people.
legendary
Activity: 2758
Merit: 1228
It is really true that corona affected us a lot because we lack liquidity but at the same time showed the world how we are insisting on not dropping neither.

Are we down right now compared to where we were? Sure, we are but at the same time we are a lot better than the bottom we hit as well, we bottomed out at 3600 levels and that took less than 24 hours to bounce back above 5k, which showed the whole world that we might lack in liquidity but we also have huge heart and bravery to go back in when everything looked so gloom as well.

During the peak of corona when everyone was afraid, there were people who were buying bitcoin with their cash when they could have used it for survival. That speaks levels of what we can do for bitcoin and that worths something to some people.
It is true, that Corona Virus all the industries especially our economic rate. That is why many markets has been crash and still on its recovery, we all know that even a small FUD that people will take seriously could hit the market, so does the Virus do. It has a very large impact, and also many companies are releasing their funds to help their employees with no return on their assets but it has a good side.

We already suffering if we means on long trades but in short trades we can potentially earn with it even if the movement is low by now. But we should expect for more longer upset since until now we still don't know on what will happen on future nor on when this pandemic end up so we should expect that we will still play at $8k-$10k.

newbie
Activity: 3
Merit: 0
Coronavirus has hit economies very badly and put the world into recession phase. People around the globe have no money to eat, to travel or to buy anything. This pandemic has hit the trading world as well because people now a days dont have large amount of funds to invest in trading.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
It is really true that corona affected us a lot because we lack liquidity but at the same time showed the world how we are insisting on not dropping neither.

Are we down right now compared to where we were? Sure, we are but at the same time we are a lot better than the bottom we hit as well, we bottomed out at 3600 levels and that took less than 24 hours to bounce back above 5k, which showed the whole world that we might lack in liquidity but we also have huge heart and bravery to go back in when everything looked so gloom as well.

During the peak of corona when everyone was afraid, there were people who were buying bitcoin with their cash when they could have used it for survival. That speaks levels of what we can do for bitcoin and that worths something to some people.
It is true, that Corona Virus all the industries especially our economic rate. That is why many markets has been crash and still on its recovery, we all know that even a small FUD that people will take seriously could hit the market, so does the Virus do. It has a very large impact, and also many companies are releasing their funds to help their employees with no return on their assets but it has a good side.
hero member
Activity: 2576
Merit: 582
Leading Crypto Sports Betting & Casino Platform
It is really true that corona affected us a lot because we lack liquidity but at the same time showed the world how we are insisting on not dropping neither.

Are we down right now compared to where we were? Sure, we are but at the same time we are a lot better than the bottom we hit as well, we bottomed out at 3600 levels and that took less than 24 hours to bounce back above 5k, which showed the whole world that we might lack in liquidity but we also have huge heart and bravery to go back in when everything looked so gloom as well.

During the peak of corona when everyone was afraid, there were people who were buying bitcoin with their cash when they could have used it for survival. That speaks levels of what we can do for bitcoin and that worths something to some people.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
Does not have direct effect, but it has! After the corona virus started major markets are started to crash down until all of the market loses value crypto market is included! It didn't have a direct effect but you can see the pattern that because of this crisis people are pulling out their money into safety causing markets to crash down. Right now the virus is still out so we can't see any good news in crypto, I think if the virus is cured we will see a big market changes.
sr. member
Activity: 1652
Merit: 299
It may not have a "direct" relation to crypto however it doesn't change the fact that it has an indirect relation to crypto at the very least. Right now world is in pandemic global panic mode, there is literally thousands of people dying every single day, every single day! We are talking about more people dying in the past 3 months from corona than any war in the past 10-20 years, that is A LOT OF people.

For some reason some people think it will pass and it will be fine and nothing will happen, but they are forgetting that something already HAPPENED, and it will continue for a while as well but even if you do not believe the horrible threat we are facing at least check out what happened in the past week alone! That is why crypto being impacted by corona is quite normal.
sr. member
Activity: 1876
Merit: 318
I don't think it's true that corona virus has an effect on trading. Because I noticed several popular trading volume exchanges
continues to grow and also the price of bitcoin rises slowly approaching halving. So do not be the same as the stock market that
is affected corona virus. And crypto trading does not need physical contact, which makes many traders feel safe from the threat
of viruses corona.
hero member
Activity: 1302
Merit: 503
traders are still here, they can do that because they are staying at home.
As to the amount traded in crypto, there is no decline yet so I don't think this virus has really affected the market.

In fact, crypto market is a stronger market compared to stocks now, as this is our opportunity to show the world that crypto is no way correlated to stocks.
- Agree that traders are still at home and continue to seek profit on the crypto market during the Corona season, that makes you feel that everything is still very normal and the market has no direct influence from Corona but that's just under subjective perspective, the outside is still nice but the inside of the market has changed negatively. The suddenly falling value of bitcoin is a testament to the influence, although the recovery is happening but the fluctuation is relatively low when investors' capital cannot be flexibly circulated in the face of difficult economy
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