Topic: Trading in the pandemic (Read 1372 times)

That is just the way it is, investing or trading when the market is going up makes everyone feel as if they are geniuses and that it is not as hard as they thought, but once the market crashes or it goes flat that is when you can distinguish the good traders from the bad ones, I am curios about how all this will end, we are now close to the 16k level and we may surpass it in a few days, if that happens then we will be very close to make an attempt at the ATH but I wonder if this is a trap by the whales and they will just crash the market again.

I think cryptographic money day by day exchange has no set of experiences to allude or view for rehashed event. Aside from purchasing a specific coin when it drops to hodl and exchange when cost begins expanding. I need to money out a portion of my property so I can uphold my every day needs and this is the reason I botched numerous chances during the siphon and dump pattern. The individuals who have extra appreciates that second however the individuals who are enduring monetarily as a result of pandemic, they need to sell their resources.

Profit for those who do held or to those who bought in cheap prices but talking about who would be the one to have some loss? Of course to those people
who do actively trade.Theyre playing with the movement of price and it doesnt matter if its a bull run or a bearish market yet they do still continue to trade.
On with this pandemic then some people do sees it as an alternative but i would say that this wont really be taken easily because instead of making money
then you might be losing instead this is why its better to study first and learn it up and dont rush up because it cant be learn overnight.

The online trading market is a 24hours market and runs daily mainly within the working days and trading is one of the constraints that determines the nature or direction of the market within that period. Desasters are a market determinant under the fundamental analysis part of analysis and the thing about desasters is that they could be taken advantage of. It is often severe in a part and less severe in other and as such, one commodity is meant to be stronger than the order.
All you've got yo do is determine the strengths, pair a strong with the weak and take a position based on what you've observed in the market.

There is no problem trading during a pandemic or not, because the aim of trading is to get a big profit even if a situation is in a pandemic state. The market will never stop as long as there is still profit in terms of buying and selling, even though the pandemic state as long as internet access and the market remains active trading will continue. Even during a pandemic like this, the volume of transactions will increase because many traders spend a lot of time at home trading and are not tied to office work or other work. Every day there will be more and more bitcoin and altcoin traders if the pandemic crisis hasn't stopped because they are looking for opportunities to get profit and income for their daily needs.

The pandemic pushes many people to go trading at any platform. They probably have another choice to choose without risking much but because trading is somewhat unable to ignored especially when you have the knowledge and past experience in trading, it drives you to try again. What I see today is that new traders had come and try, I hope they are doing well and profiting. And have to be prepared as well of the incoming and have to make sure that they are able to control their emotions.

The crypto market wasn't influenced much to be honest and some even believe that the crypto market actually had a positive impact overall from the pandemic.

Most of the coins and tokens are moving up now as BTC price is going up since sometime now and I don't know which tokens are going down because almost all the coins in my portfolio are only showing green positive change in the last around 1 month or so. Pandemic was horrible and still not over completely but the crypto market didn't had much of a problem with it, at least that's what the prices and the movements suggested.

I am not sure if new traders lost or made profit because we almost have a bull run since the March drop and I don't know how one can face loss in a bullish market because it is often said that during the bull run everyone makes profit.

A lot of new traders entered the market that's for sure because during these pandemic times everyone had at least one thing and that is, spare time which meant that people tried new things and even guys who were working from home saved a lot of time because they don't have to travel and found side activities and BTC being so popular now days attracted a lot of traders who had nothing to do but to try new things in spare time.

I am not sure of the ATH and the prices we had in 2017 but the market looks way better and we might set a new all time high in coming year if not coming few months. As far as the corona virus impact on bitcoins is discussed, it was really negligible because the price stood strong during those times and now takes a hike as always it does in Q4.

I actually always get confused when to buy Bitcoins during a bull run because I am waiting for a correction in price to happen so I can take that sharp opportunity and buy some but the price is not dropping and when it drops it's not as sharp as I want it to be.

Trading during that period didn't dropped down because of traders dying, that would have been a very very low number, 1 million people died and unless they were all crypto traders that means we had like maybe few thousand at very worst case.

This is why I think the real reason why trading volume dropped was the fact that during the early days people didn't know what will happen, we now know what is at stake and we take the risks but at one point humanity really assumed we would be locked in our houses for months without being able to go outside except groceries, which happened for a while in some places but thankfully didn't last as long as we imagined. This is the reason why people took out their money, their priority wasn't to make sure they can profit, it was to make sure they can buy food.

many trader are still worry about the market if there is still hope for them to make a good income just because  of what covid-19 has caused in the world trade.
many cryptocurrencies are reducing which is not giving some trader hope that they can still make a good profit from their trading in the market.
Many trader are yet to recover from the loss they experienced during pandemic that caused so many of them not to recover yet from their trade. Some trader learned their lesson from the pandemic which change them not to hold their coins more than a year not to experience loss again.

i think this pandemic made lots of people to think about trading and made lots of new comers loss. they failed a lot and as a result, they lost a lot of money. lots of them had no experience and then they thought they can be rich in this way. so most of them lost everything

A lot of us forget that among those who died from the coronavirus outbreak were active traders too. Dead people don't trade or engage in businesses. So, this can also explain the drop in trades. Quite alright, the first wave took the world by surprise and unprepared we struggled to cope with it. But this second wave will be met with stiff preparedness, at least.

Any bumpy encounter should be seen as a correction and that is expected. If we are truthful to ourselves we would reckon that Bitcoin has already had a great bull run this year despite the pandemic.

The whole crypto market is getting bigger day by day. Maybe we are getting ready to see the bull run like before which happened in 2017. The last quarter of the year is the most important thing for the crypto world as we have seen before. In this time, you can involve trading on various sites. Trading can be beneficial for you if you can make it happen.

I agree. Trading when there is a clear strong trend in the market is really easy . It is much more difficult to trade in a flat. Now the market is bullish and one should be very careful when opening short positions.

I can understand why some people may see in trading a way to get income during this pandemic especially if they have lost their jobs but unless they were experimented traders before all of this I fail to see how they are going to be able to get the necessary knowledge to trade the markets in such a short amount of time, trading may seem easy but anyone that has actually go through the trouble of trying it knows it is incredibly hard and you only need to make one single mistake for most of your capital to disappear and newbie traders have a very high probability of making those kinds of mistakes.

I agree that at a rate where the demand for bitcoin is increasing the price of bitcoin may increase even more in the coming years this is why most of the big business is advising long term investment no matter what the epidemic bitcoin will not be affected. And increased the demand for bitcoin trading and investing in epidemics is a great time to make money.

Actually I got better trader in this current situation wherein we are still in pandemic, before I have having a hard time because of my busy schedule but I decided to go full time trader when I lost my job. I started to trade last 2 years ago but this is only the time that I really commit to become a student of the market, I'm now having a consistently profit but I still want growth and it is the reason why I keep investing in my education in these past months. It is good to be trader nowadays because of the excess time that we have, we can grow in small time of period by gaining a lot of experiences and learning new strategies and concepts that we can use in cryptocurrency market. The good thing is I really obsessed to my personal growth and it is the reason why I keep trading bitcoin and other cryptocurrencies. I keep avoiding defi because they are so volatile and there are always huge dump that keep happening in just a day. The return is good in defi but my risk tolerance is not yet good and for me to prevent huge losses, I usually avoiding it. I actually created a thread before about cutting losses so maybe it can help other traders especially those newbies who want to develop their risk management. Cutting losses can prevent us to have huge losses and for me this is the first step to become a good trader if we learn how to do a stop loss.

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https://bitcointalksearch.org/topic/trading-lesson-stop-loss-strategies-5261095

Would really say the same where people who arent familiar or just firstly hear about crypto and would really have thought that it would be a scam or just to believe directly that they would become
rich or would somehow support their living with trading which is really a totally wrong idea or even they would end up with those ponzi due to greed.

For those who had knowledge or experience here on crypto where they are somewhat in advantage because they can really able to generate profit much more better than to those people
who havent tried it yet.

This is what im experiencing now that in spite of my day job was lost but i do able to sustain myself with my crypto earnings which i do consider myself lucky.

I don't see much of a difference for traders.
It seems to me that trading is easier now than a year ago in the same period. Now bitcoin is growing, followed by the entire cryptocurrency market.
Obviously, long positions are much easier than short positions, which means now is a great time for traders to make money.