Trading in the pandemic - page 5. | Bitcointalksearch.org

michellee

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Quote from: Bajank on October 18, 2020, 01:51:09 AM

many people have lost their jobs and lack of income in business in this pandemic period, it is difficult to find work and income is decreasing. Many people are moving to investing and buying and selling online stocks, especially bitcoin trading, is the solution for us to find a way out to make ends meet.
trading is very good for us to do in this pandemic period.

If they have skills in trading, I am sure that they can make money from trading. Trading can be a new way for people who lost their jobs, but they need to learn before trading. It's not about buying and selling, but it's more than that because we need to have the skills to analyze the market. Many people are interested in trade, but they don't prepare themselves, which doesn't give them many chances to make money.

barbara44

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Quote from: ?? on ??

The situation of the normal person is very tragedy and it will improve their trading when we invest some huge amount in trading. Pandemic disturbed lots of middle-class people, which they cannot able to manage their finances for feeding themselves and it is impossible for them to trade in the current situation . We are seeing very huge down trend in the market and it will not help them to make profits.

That is somewhat true because people had to liquidate their assets to manage their portfolio in share markets and some even to have enough money for living their life. But that said the market still looks solid, at least the crypto market. I don't know much technical aspects to determine how the public is trading but the price has maintained and even growing so there must be enough investment into bitcoins because after what happened in March it looked like everyone will sell their bitcoins and pandemic will end everything.

I did not trade much during pandemic but was fortunate enough to save my coins during these times and managed to hold them and I sold a few real life assets like my bike but I did not let the crisis touch my bitcoin wallet much.

isaac_clarke22

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Quote from: CryptocurencyKing on October 08, 2020, 07:24:31 AM

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Well it didn't really truly drop at all considering that even Bitcoin crawled its way back up to 10k which was a dream price to breach or breakthrough.
I understand that there were a lot of people that sold their coins to their local currencies for use of buying their needs but trade didn't stop. Good coins were still being traded normally though it is expected that many will exit the market for emergency funds.

iv4n

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Quote from: Bajank on October 18, 2020, 01:51:09 AM

many people have lost their jobs and lack of income in business in this pandemic period, it is difficult to find work and income is decreasing. Many people are moving to investing and buying and selling online stocks, especially bitcoin trading, is the solution for us to find a way out to make ends meet.
trading is very good for us to do in this pandemic period.

If you lose your job and income how can you turn to investing and trading? It's not so smart to risk the money you have left! In life, you need to have options, backup plans... what will you do if things go wrong and you make the wrong investment, if trading is going bad for you?
Better work on setting up some income first, after that you can try with risking some part of your funds on whatever you think it's best for you and your set of skills.
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Trading crypto in pandemic is the similar topic like gambling with crypto during pandemic! It's the beauty of crypto, doors are open 24/7! You don't need much for access, few dollars and any device you can connect to internet. There's no hassle, you don't need special license or school for crypto! It's open for everyone at any given time. With or without pandemic crypto market will continue to grow!

Bajank

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many people have lost their jobs and lack of income in business in this pandemic period, it is difficult to find work and income is decreasing. Many people are moving to investing and buying and selling online stocks, especially bitcoin trading, is the solution for us to find a way out to make ends meet.
trading is very good for us to do in this pandemic period.

sayaya17

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Quote from: CryptocurencyKing on October 08, 2020, 07:24:31 AM

The market as at now.

Cryptocurrency trading is largely based on history with activities repeating itself every now and then with traders who are able to analyze correctly seem to always win the day. In the first and early phase of the coronavirus pandemic, a lot of trading activities dropped, causing a rather significant change in price of which seemed threatening and logical to watch out for in light of the resurfacing of the pandemic for a second time. This has left most traders in disarray as they tend to exchange their coins for stable coins and also withdraw from the market.
But then, this is most likely and should not be the case as the first phase of the pandemic met a world with zero preparation or anticipation for that level of damage, causing a drop in drastically all economies in contrast to now when, all is in plan to tackle it at its best and reduce damage to a minimum. Therefore, the market though might encounter a little bumpy road, is bound to run smoothly in no time.

In other to keep this simple, I'll refer you to a topic I posted in biginners and help to help biginners and traders better understand how to keep an eye on the market to make the most out of it.
Post URL: https://bitcointalksearch.org/topic/analysis-for-biginners-5280759
And I really hope that it helps.

The page you refer to is a technical analysis that is helpful because for traders this analysis becomes a benchmark, to determine the dynamics of the market are up to date.
But yes it is only natural that this pandemic there are some traders who withdraw from the crypto market because most of us are affected by the pandemic. At least have to withdraw their assets from the market. In the first phase of the pandemic, there was indeed a degree of damage to the crypto market, especially after Trump and his wife announced that they were positive for COVID 19. Psychologically some traders become distracted so FOMO attracts a lot of assets.
However due to strong holders and a positive crypto perspective, the market can finally recover, this looks to be an increase in prices to this day arguably quite well.

alisonwonder

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Quote from: proTECH77 on October 17, 2020, 09:35:13 AM

Many thought this covid-19 will collapse the economy and also reduce crypto to Lower level in the country. Truly many businessmen and many sectors collapsed during the pandemic that is harding them to raise again to improve their businesses.
Many crypto trader are still carry out their trading daily by daily for more profit to earn from the business. Despite the pandemic many investors are just smiling for big surprise they have received from crypto during this lockdown. I guess we are in the season of crypto surprise in the market.

Unfortunately, in some countries when Covid spread, many countries experienced a very large economic decline because many were stopped from working and many corporate sectors stopped producing because there were no workers because the influence of Covid made many people miserable.

proTECH77

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Many thought this covid-19 will collapse the economy and also reduce crypto to Lower level in the country. Truly many businessmen and many sectors collapsed during the pandemic that is harding them to raise again to improve their businesses.
Many crypto trader are still carry out their trading daily by daily for more profit to earn from the business. Despite the pandemic many investors are just smiling for big surprise they have received from crypto during this lockdown. I guess we are in the season of crypto surprise in the market.

el kaka22

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Success is when preparation meets opportunity, at least that is what they say. Pandemic is not something you should be ready for, but if you saw bitcoin at 9k and assumed that it would be 20k or something and bought it with all your money, you weren't ready, however if you had some bitcoins yet some usdt or cash ready for another purchase, when pandemic hit you could have bought as low as 5.5k as well, which would have dropped your averages down a lot, it is 2x from the bottom right now for this year, literally double of your investment.

So, yes trading on pandemic could feel unethical because you have made a profit from human misery, I wish I never made a profit from it and it didn't happen, but since it already happen without me doing anything, I might as well profit from it as well (without actually hurting others finances like toilet paper stackers).

imstillthebest

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Quote from: metenjean on October 17, 2020, 12:29:04 AM

During the pandemic there were so many people who had to be laid off from their jobs, I think this gives a lot of opportunities for everyone to start trading in bitcoin.

they can get thier last pay or back pay and use it as a capital in the hopes of making it bigger , if they have no last funds to get on thier employer they can also make a loan and apply that loaned money here on trading but before that , they need to practice first . trading is no any business that you can jump and start easily . aside from the number of people that entered on trading during the pandemice times , theres also people that are laid off here in trading and the reason is starting a business outside or they cant continue because they dont have funds because of lost jobs and they dont want to risk money anymore .

metenjean

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During the pandemic there were so many people who had to be laid off from their jobs, I think this gives a lot of opportunities for everyone to start trading in bitcoin. Why not try trading but still have to follow and analyze well, during a pandemic like this with increasing unemployment, I think more and more people are getting into the world of trading because they have to find income for their daily needs. Almost eight mounts have running pandemic I think more than 20% off new trader have coming to try get much profit with bitcoin and altcoin trading.

Findingnemo

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History repeat itself but there is no perfect path of movement, the prices were moving in so random way but there was bullish and bearish cycle in not definite way.People get more attracted to crypto related earnings only when they see bitcoin price increase and that exactly happened with pandemic too but fortunately the prices got recovered and able to manage but not much people made the profits by trading alone in this pandemic.

Malamok101

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In this kind of pandemic for sure lot of people use some trading platforms to earn money this is only way to earn those stock on their homes. Because of lock down they need a online works to earn money.

Ridwan Fauzi

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Indeed, the history will repeat itself but no as simple as that. There will be a different movement especially when there is big factor comes. So, it is not enough to analyst by looking the previous chart, but you have to make the analyst with another strategy like trend line, harmonic pattern, chandlestic form and the other indicator.

Currently I do day trader and yeah I have to make an anlayst for at least an hour and more and after that I have to wait and see the price action. Sometimes I have to stop my entry trading because the movement price will be different with my strategy that I made. So, for those newbies who want to trade they at least should now the strategy that I mentioned, it is very helpful as well.

carlfebz2

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Quote from: BuNga_cute on October 15, 2020, 11:36:14 AM

In a pandemic situation like now trading can be a source of income, because many people have lost their jobs,
by trading can earn income. If we already have knowledge about trading, should be able to make profit from
trading in either a bearish market or a bullish market. It's not easy to trade in a situation like now, have to be
careful choosing coins for trading. Choose popular coins and have a high volume for trading, because popular
coins and have a high volume are not only good for trading, but safer too.

Dont make it as a last resort because trading isnt really an option that you can easily just dive in just because you do believe and see that they are making money with it.

Always think twice and make up some considerations first before making further step because trading does really require some capital and if you do rush up into something.

Instead of earning you will surely lost money instead thats why you should really be careful into things when you are just new.It doesnt work on where you do believe at first
because you'll surely realize that it doesnt really worth that way.

Somehow trading can really give out that kind of opportunity or chance but it will base on how good you are on it.

Mandarava

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The pandemic will soon cease to be a factor due to which the price of bitcoin will fall. In general, it seems to me that this was the only time when the market reacted so negatively to this news about the fall. Now everything is relatively calm, no one panics anymore when he hears the word "coronavirus". So it seems to me that all this is a bit in the past. People quickly adapt to all of this.

BuNga_cute

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In a pandemic situation like now trading can be a source of income, because many people have lost their jobs,
by trading can earn income. If we already have knowledge about trading, should be able to make profit from
trading in either a bearish market or a bullish market. It's not easy to trade in a situation like now, have to be
careful choosing coins for trading. Choose popular coins and have a high volume for trading, because popular
coins and have a high volume are not only good for trading, but safer too.

Cryptoababe

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Quote from: CryptocurencyKing on October 08, 2020, 07:24:31 AM

The market as at now.

This has left most traders in disarray as they tend to exchange their coins for stable coins and also withdraw from the market.
But then, this is most likely and should not be the case as the first phase of the pandemic met a world with zero preparation or anticipation for that level of damage, causing a drop in drastically all economies in contrast to now when, all is in plan to tackle it at its best and reduce damage to a minimum. Therefore, the market though might encounter a little bumpy road, is bound to run smoothly in no time.

I don't think most traders are in disarray because of the pandemic. Although, the pandemic brought more light to people about stable coin but with what I've heard from some traders, they believe that more correction is coming and to be able to buy larger amount of coins, they need to convert the current ones to stable coin. Now, the market is smarter and its like its setting traps for greedy traders.

gabbie2010

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Quote from: onecall123 on October 15, 2020, 09:56:12 AM

Quote from: AakZaki on October 15, 2020, 05:26:55 AM

Quote from: Peanutswar on October 12, 2020, 08:43:44 AM

There is a lot of newbies who want to make trade too well they want to earn with other big-time traders this is a good idea right? but the problem is they want to become big earner at the same time so they are using different techniques like using a trading bot, making a trade at their own selves without having a prior knowledge by this they create a mistake and causes to lose their funds. Even we are giving them a lot of suggestion and opinions still they are urging to earn immediately.

It seems ridiculous to urge to get big immediately. How can you benefit from trading if you don't understand the basics of trading and only rely on trading bots. Losses will soon approach him, no matter how much money to trade, if you do not know the basic knowledge of trading then everything will disappear.
Early education about how to trade properly and correctly is very important so as not to experience losses.

It's exactly what alot of newcomers need however everybody has different theory or range to capture trading knowledge. Fundamental information is so important to deal in any circumstance. You just decide for yourself, in which stage you're very all set. As there are a lot of trading courses out there. It isn't so much that troublesome getting include and make good return.

The will and patience to learn those trading courses had been the major problems of newbies or newcomers many of them has the impression of earning big profits within the shortest period of time that is why they prefers Bot trading regardless of even the basic knowledge of trading.
Trading is journey that requires learning and acquiring knowledge thus gaining experience along the line until when a trader start making profits consistently with some little losses then such a trader had gained some experience.

Tigerheart3026

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I'm full time trader since 2018.I have suffered a lot durning pandemic when my trading is out of control even reduced 18% from my initial portfolio.I converted all of crypto in USDT. Basically to last 5 months i didn’t trade for collapsed market.I haven’t thought about starting trade yet.

Topic: Trading in the pandemic - page 5. (Read 1372 times)