Is it true that Corona Virus may effect trading? - page 7.

alan2here

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Quote from: kakonhat on March 26, 2020, 01:25:39 AM

We know it's already affected in trading, but I think, it's a shorter effect. It will be solved as soon as Covid-19 solved.
It's very sad news there is no vaccine found yet.
We hope it will be founded very soon. Otherwise, there will be a very bad effect on the economy all over the world.

Currently, the leading countries in the economy are suffering heavily from the epidemic and it is really hard to know what will happen next now because there is not much information related to the vaccine.

I think covid-19 will last until the end of this year and the whole market will continue to be gloomy during this time. However, I still have money and will continue to invest if some of my favorite coins are cheap.

GreatArkansas

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Quote from: sweetbet on March 23, 2020, 07:37:38 PM

I think that the Corona virus will definitely affect trading because people who have lost their jobs or are running low on cash will most likely need to withdraw their crypto to pay bills, which will naturally result in less crypto being traded.

But on the other side also, some people who also lost their jobs and have some savings, they can start to trade while they are staying in their homes. But still, for me, it's not advisable, putting your savings on risk, since we all know trading is risky.
But totally, coronavirus(Covid19) is really affected the trading, positive or negative. Like what we saw on recent dump from around $7,500 to around $3800, a lot of people got liquidated.

matchi2011

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Quote from: Subbir on March 27, 2020, 10:03:47 AM

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.

There are still people who manage to earn money inside this market those who knows the deeper rules around can turned bad situation into good ones, they just assess and adjust whenever there's open opportunities they will grab and play well.
Wise and experienced traders are up into challenge finding chances of keep on doing what they've known better.

SirLancelot

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It actually turned out great if you think about how far we have come compared to everything else. Right now world is in shambles, all companies are thinking how they suppose to make any money, think about all the luxury stuff that people will probably stop buying right now, everyone is trying to save themselves, sure bread sales are probably same, TP sales are through the roof, but think about all the things you do not need right now.

Think about apple, they both have a place in china that they are unsure about manufacturing, plus in USA and all around the world, you think people are going out and buying apple products right now? There is no way that could happen right now. So people will soon realize that apple stock is as worthless as apple products, bitcoin is where it is at.

CHENIEN

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It was clear that many traders hoping that before they collapse, the coronavirus will end instantly because there is a possible effect that the cure is found, recently even more cryptocurrency traders have not been doing well since the exchange rate of coins has been dropped by a few percent causing of many miners around in which are infected, crypto trading is still defending their economy against this economic crisis.

Negotiation

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I agree that this has impacted the economy of every country not just business. Even if you deal with the Coronavirus it will take a long time to overcome this economic situation. The amount of damage a business has done to a virus does not seem to be easily repaired.

aysg76

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Quote from: mk4 on March 11, 2020, 07:25:11 AM

Are we going to connect the Coronavirus to pretty much anything now?

But just to answer your question: In terms of stock trading, potentially[1]; but we can only speculate for now. As with bitcoin and cryptocurrency trading, I'm guessing that it will have little to no effect unless certain exchanges suddenly need to temporarily close down due to a bug and it probably wouldn't be fixed immediately assuming less people are going to be working in offices.

[1] https://edition.cnn.com/2020/03/10/business/wall-street-coronavirus-shutdown/index.html

I am on the same page. It has less or no effect on the cryptocurrency as such on one note!

I mean market seems to be recovered pretty faster as we would have imagined it in other way. I mean it should have been dropping like hell but look at it, its stable like heaven.

It may happen that people sitting at home could be into crypto now as they have nothing else to do due to lockdown's and it may happen that crypto will rise further with good intensity.

Kurokonobasuke

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Quote from: DashingAgent on March 11, 2020, 06:39:25 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.

When corona virus started it results a huge effect around the world and many people are get infected onto it. In some aspects the corona virus has an effect in trading just like on what happening now, in the way of rapidly down of all market prices, because many people are going panic that's why everything is effected on it .

kakonhat

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We know it's already affected in trading, but I think, it's a shorter effect. It will be solved as soon as Covid-19 solved.
It's very sad news there is no vaccine found yet.
We hope it will be founded very soon. Otherwise, there will be a very bad effect on the economy all over the world.

iamaruf

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I saw so many people telling that there is no connection trading and Corona virus. But I think Corona Virus effect on trading. People are locked in a room and they can't go outside for work and they need money.That's why so many People cashing out Their btc.also many meet up and conference stopped because of Corona virus. People only looking for their life not for crypto ( for now). So I think corona virus effecting in trading.

hahay

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This is a fundamental factor so that any influence will always be there in every market and every event will have a large or small impact that all depends and not all markets will have the same level of increase and decrease in large numbers in each case that occurs. By the way, what vaccine do you have to get rid of this pandemic and if it is true that you have the vaccine formula I don't think this is the place, because for that at least you should immediately contact the health or medical authorities to review the vaccine you have.

semobo

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It is just crushing the whole world not only the economy but also the mental health of many people all around the world so it definitely affected the cryptocurrency trading activities as well but now people are ready to start buying and selling cryptocurrencies since most of them are locked down and this seems good opportunities to make money while they are staying at home.

wxxyrqa

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It seems to me that we are missing one point that indicates that quarantine, which was introduced due to the coronavirus epidemic, can directly affect the state of the cryptocurrency market. The fact is that you need to take into account the fact that people in quarantine are at home and every person needs to do something. Someone watches porn, someone watches a movie or reads books, and is engaged in self-education and can look for alternative sources of income, as well as get acquainted with different digital currencies. It should be borne in mind that many people can become potential investors in the cryptocurrency, as well as potential traders, which in turn will increase the demand for cryptocurrency and increase public interest in the cryptocurrency market.

ufaiz50

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In my opinion, for the direct influence on the crypto market? I don't think that's it, we're in a decentral area. but to some extent, it affects bitcoin holders who can indirectly change the market to various destinations. many say that the crypto zone and the global economy are only a little touch and there is no reason to influence each other.

I think it's quite easy to find some discussion forums about health. But it is difficult to get a lot of people to notice what you want to express (ideas).

sweetbet

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I think that the Corona virus will definitely affect trading because people who have lost their jobs or are running low on cash will most likely need to withdraw their crypto to pay bills, which will naturally result in less crypto being traded.

LeGaulois

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Quote from: bearexin on March 23, 2020, 04:17:29 PM

...

The price has been going up because the FED made an announcement to support the US economy with 800 trillion USD. Not because traders are not afraid anymore about coronavirus and don't care anymore. Follow the news to find a rational reason before speculate.

Bitcoin, gold, and S&P500 have climbed immediately after the press release

Bitcoin

S&P500

Gold

The virus has slapped most markets drastically, how a trader can don not care anymore about the pandemic killing thousands of people

bearexin

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Right now I think it is losing its power, it all started out as something that would affect crypto and the prices went down and we have seen as low as close to $3.5k bitcoins and that was what we have seen thus far, however right now we are seeing corona affect dying off.

Right now, price is going up back again which means people do not care about corona anymore. I mean they do of course care about it in the sense of not getting infected, many people are isolated at homes even if they do not have corona just because they do not want to go out and get infected but that is the health part of the discussion. They care about that but they do not care about the economical side of it anymore, they care in the sense that they think its undervaluing many things including bitcoin so they started to rebuy everything.

wozzek23

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Quote from: sujonali1819 on March 14, 2020, 10:06:23 AM

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.

I guess you are talking about PlusToken which was a ponzi scheme if anyone is not aware about it, they stole a massive amount of bitcoins, ethereum and EOS and they left a message of "sorry we have run" which really made me feel how bad the investors must have felt reading that message.

You guys may read about it here - https://boxmining.com/plus-token-ponzi

I do believe that this virus has caused chaos and there will be a big problem for almost everyone even if you are untouched by the virus, the platform you trade on, the industry you work for are affected and that directly affects you. I heard there is a big crash in the share market and people even sold their assets like bitcoin which caused a bitcoin slump too.

Maestro75

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Of course it is not only affecting trading, it is also affecting circulation of tokens and coins because of the thousands of deaths recorded of Coronavirus victims, many are traders and holders. So, a lot of these assets will be lost and lost forever from circulation if no one finds the Private Keys of passwords to the wallets.

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Quote from: Reatim on March 21, 2020, 03:27:53 AM

Quote from: DashingAgent on March 11, 2020, 06:39:25 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 does because day after this post market slides down very hard and all that pointing is Corona virus effect on market.

Even stocks exchange are now shut down because of the Community distancing so there is no trading in real life happening now and with this the crypto market reacted bad as well and now we are just starting to rise again.

Maybe we will see good trading movement after the cure found but for now?expect this and more dumping and small pumping as whales surely manipulate the prices

It does really affects the world market because today there is a lot of the news because the stock market falls down immediately after the spreading of the pandemic virus also the world of cryptocurrency got affected most of the people withdraw their funds into fiat currency and use that money to buy all the things they need because some of the country today are having a lockdown so there is any chance that they will go out or go in even in their houses and one of the good thing they need to do is to stay at home and wait all things need to be fine. Still, we are looking forward that all of the people become some and back to normal again and the trading becomes wealth and profitable again.

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