Personally, I do not understand how coronavirus can interfere with trading.
Will it infect the servers of all major exchanges and disable them?
Even if the market continues to fall, it will only open up more trading opportunities for traders.
You can express your ideas here or in a branch devoted to various kinds of ideas.
I think investor sentiment is greatly affected by this disease and investors tend to panic a lot during this time. In addition, markets such as stocks or forex are heavily affected and this is definitely a very bad time for investors.
However, if you are holding fiat, this is a great opportunity for you to invest in some cheap coins because many of the coins in the crypto market are very low.
If you do lost a big portion of your portfolio then the thing you should do is doing average down. Not familiar? This is a forex term where you do
buy on dip to compensate or break even on what you have lost.Its still a choice though because not all would really consider on buying yet
you cant really avoid not to be afraid to risk on.
I think by now it is very clear that the COVID-19 is affecting and will affect trading. And the reasons I think this are: most people won't be able to go to work and for those who are self-employed but can't work because of the quarantine no money will be coming in to pay for their day-to-day expenses so saving for investment/learning to trade/trading generally won't be an option for most of these people. On a global scale not having people into work means reduced GDP and thus most countries will hit recession. All of this is bad because there will be not much spending going one, never mind investing or taking higher risks.
This is the sad fact or the hard situation for those people who do rely fully on their salary- or in short no work no pay thing.
Lots have been affected but we dont have any choice.
