Topic: Is it true that Corona Virus may effect trading? - page 6. (Read 1760 times)
It obviously have impact and it’s fairly visible. But we need to be extremely careful with how we approach it. I keep things in control through Market Analysis which comes through FreshForex broker. When you have market analysis, it only makes working rather easy and simple as well.
i think not because mostly trading is done online using exchanges there are no physical interactions needed to trade Cryptocurrency. Also when the exchanges need maintenance the developer could just do it in their laptop but except for system admin they need to be physically present to the server room incase some hardware fails but mostly only one guy is needed for such a job.
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.
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.
Let's wait until the halving event later and if the effects of this crisis continue to occur it is clear, this pandemic is affecting the crypto trade because at the moment we can at least assume the falling prices because it is indeed a major correction that will indeed occur before and after the halving bitcoin event. If this market is affected due to the impact of a crisis at least I am sure prices will continue to fall to below 5k but what happens is that prices can still strengthen and recover even if only a small recovery.
There are two things happen here coins like DATA coin will have a great attention. Few of them might take out there funds to health or medical purpose but, since most of them are staying home and no much work to do, there are lots of people investing there time to get introduced to Crypto and learn trading.
What effect do you meane? This dumping happening right now? Due to this pandemic many people don't have any job and the money they use is from their savings or their last salary they got and once it gone maybe if they are using crypto to get money by selling their coins so maybe it is one of the effect but not only because of that. If the lockdown will end and if the crypto increase maybe that is one the reason why crypto is down.
Trading has been a little bit hectic nowadays, people are really looking forwards to going a little bit more stable and having some sort of courage but unfortunately for now there is really no stability and that causes people to be stay on their food and keep them at the edge.
When they are like that what causes bitcoin to not go up is the fact that when you go up some people will take profit, when they take profit price shifts lower just a bit and when that happens since people are on the edge they get panic mode and they start selling and that small correction becomes a huge drop in price. It is not something we all love seeing but it is whats happening right now. What will recover us from this is getting a bigger push no matter how much correction it gets hit with.
When they are like that what causes bitcoin to not go up is the fact that when you go up some people will take profit, when they take profit price shifts lower just a bit and when that happens since people are on the edge they get panic mode and they start selling and that small correction becomes a huge drop in price. It is not something we all love seeing but it is whats happening right now. What will recover us from this is getting a bigger push no matter how much correction it gets hit with.
Is there any doubt about it, just look at the charts for the last couple of weeks, it seems that everything just got out of hand, it is clear that everything we see has a logical basis, and every situation or moment can be clarified, but if we can figure out whether we could have assumed this six months ago, as we used to do, of course we can consider it one global news, which consists of many components that have pulled a series of events that fundamentally change the economic and political situation. I think we need to be as careful as possible now, because the market is extremely turbulent and every action we take can be very serious.
One way or another, the coronavirus does not have a direct relationship to these or other processes of the cryptocurrency market. but it is necessary to take into account the fact that coronavirus affects people and their physical and psychological state. we all know that trading requires a sober and healthy mind in order to make the right decisions not only for trading, but also for profitable investments in cryptocurrency. Based on this, it can be theoretically assumed that coronavirus in a certain sense affects all the activities of cryptocurrency users who are in one way or another in contact with this problem.
Coronavirus isn't affecting cryptocurrency trading as compared to other financial markets. We still have various exchanges up and running and accessible from anywhere. However, the virus is having huge impact on flow of funds in and out of the market. Less circulation of money in the world economy is causing less money moving into the crypto market and at the same time, people are cashing out to have money to survive during this period.
I think that there is no connection with corona virus about the trading. We know about covid- 19, it is included or affected by man to man with his touch or other few ways. Therefore, we know that without going anywhere we can trade our cryptocurrency without any fear. I also trade easily and there is no affect with my trading.
I think corona will have effect on everything, everything including trading, prices of coins will be very volatile this period, emotions will be high, and there will be fear among traders
It's a really golden time for every trader, of course a lot depends on how well you understand the market and whether you can benefit from what's happening, I wouldn't raise a panic, LOL... Because this is not the first time when the world is a little cowardly because something went wrong, I do not think that this is some kind of conspiracy or pre-planned action, because in fact on the economic level it is not profitable for the states. But it's definitely of great importance for private companies, both small and large, when it's obvious that some of them are now getting super profits, while others are suffering colossal losses and it's not clear when this situation will stabilize. Which means this is our chance to make money, and it's very decent, so let's not waste time...
I think the market crushing hard because of panic. And Yes maybe corona virus effecting on crypto trading little bit. But not so hard like what we see in the markets.
The first reason of crushing markets is "I heard about a project which exited scam" Secondly the corona virus death news in deferent countries. But it will go back soon IMO too.
The first reason of crushing markets is "I heard about a project which exited scam" Secondly the corona virus death news in deferent countries. But it will go back soon IMO too.
We are seeing most of the market is affected by the Corona Virus, worldwide market losing its value which makes most of the share market and cryptocurrency market losing value. Corona Virus is really affecting the market because the effected rate is kept increasing.
We will be back on a good prices after these challenges and maybe people are cashing out to protect their needs and health. The virus affects trading simply because it affects the traders and some trader just want to stay safe and focus on their needs than to the market condition.
Yeah I was learning some facts from a few articles and I found that there is an acute shortage of funds too in corona-virus affected places and people are just selling almost every savings they had and I also think that various big miners in these areas are also affected as they might be stopping it and cashing their hardware and even their savings.It continues to increase, but I hope that our medical team are doing their best protect our world, I salute China for helping Italy and I hope also that we will face the virus as one nation.
I am not sure but I believe some researches have claimed that as the temperature rises this virus tends to slow down and it is mostly dangerous when the temperature is down. But that said, if it was that simple to kill the virus then there would have been a vaccine by for now so fingers crossed but this is really tough times for all of us. 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.
Corona has already affected the cryptocurrencies market and as it has affected other assets we should not expect any different. Bitcoin deep from near $10500 to $3888 is not a small thing and the fear and uncertainty in the market right now is still very high. We should not think that now still remains best time for cryptocurrencies because human beings is still the one trading it and emotions, greed and fear must play their part. 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.
With the current condition, and some policy/direction from the government telling everyone to stay home and doing a lockdown. Here a few reasons why this virus getting the impact into investment purpose, since bitcoin/crypto one of the instrument assets:
Except for health stock like a mask, hand sanitizer, toilet paper, and other things health industry. Since request the product increased during the crisis, makes their stock rising quickly.
- Export & Import has been stopped at the moment, because of that there is no income from the country and make economy crisis for a lot country
- Doing a lockdown, everyone cant does anything.
- All activity companies, businesses, jobs, and other activities were distributed.
- Everyone not doing a productive activity like going to works.
Except for health stock like a mask, hand sanitizer, toilet paper, and other things health industry. Since request the product increased during the crisis, makes their stock rising quickly.
Now the worth of every currency is far lower So how can people protect the economy by trading The Coronavirus has impacted everything within the world even within the crypto market Now nobody is making extra money by trading. the quantity of investment is just too low and lots of have left the market therein case it's an enormous loss for the business.
Many people wants they have problems like this they are always connect to the crypto butt maybe yes it will affect the trading too but also possible it not affecting.
But maybe because of the crypto is dumping so the peiple create an idea that coronavirus harm crypto but maybe it is only coinsidence .
I really hoping that dumping of crypto and coronavirus will end soon because this is all we want to happen because we are affected of this two problems.
But maybe because of the crypto is dumping so the peiple create an idea that coronavirus harm crypto but maybe it is only coinsidence .
I really hoping that dumping of crypto and coronavirus will end soon because this is all we want to happen because we are affected of this two problems.
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.
No but its affecting our daily day to day activities that is also making it difficult to get the finances to the the crypto currency world, the world inthe stock market and in every other has lost about 4 trillion and thats a siginificant amount to even affect us so I believe yes and no, it depends on the perspective to which we are doing this 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.
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