Trading in the pandemic - page 7. | Bitcointalksearch.org

Ryker1

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Quote from: CucakRowo on October 11, 2020, 12:33:42 PM

[snip]
It would be nice if your post in Beginners and Help section as you shared in your thread,

Well, I agree with this and it should be there on that board.
If you will hear my opinion, --it really is a part of the game though. In any case, not just in trading winners are the ones who are 10 steps away. The same goes for trading. However, the pandemic will have its end and health is still the best investment that we can give to ourselves.
If people were not able to win their assets, as long as their health is intact, I won't see any problem with it.

Rana590

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You're thinking about the traders and thank you for it. I think trading is one of the best way to make huge money. But we should more careful about trading and it's strategy. In this pandemic situation, trading can be a good way to grow money.

Gozie51

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Quote from: nelson4lov on October 10, 2020, 06:19:37 PM

Overall, the crypto market looks healthy even in the face of tge ongoing better. It's safe to say that the crypto market is outperforming other markets.

Going at the pace of the effect of the pandemic to other markets like especially stock, I will also agree to what you have said. Contrary to the feeling that covid-19 will kill the cryptocurrency market as people have less trust in it but it has performed very well with the leading cryptocurrency (bitcoin) making strong statement in the market now crossing $11,000. We can see better days for believers and hodlers.

CucakRowo

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aka JAGEND.

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

-snip-

It would be nice if your post in Beginners and Help section as you shared in your thread, not just a rewrite from sourced article. It would be really good if you can share your own analysis about btc and eth movement.
not meant to disrespect your analysis thread in beginner and help section, but based on your thread that you have created before (lots of good threads i think). I think you have a capability to create you own analyze about btc and eth price.

beerlover

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If you are affected by the pandemic and your economy is not as well as it used to be, doing riskier investments like crypto doesn't make any sense, you should be able to make less changes and you should be able to keep the money you have in order to save your future, who would want to invest into something you could lose all your money to when you could potentially invest into something that is more liquid and could be smaller changes.

Let's assume there is a person who lost his job during pandemic, he has no more income but he has 100k, instead of investing all that to bitcoin, invest it into some saving accounts with decent return and it will not make you rich and you will spend that money eventually because you have no income but at least you will guarantee that money stays that way.

crzy

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Trading is not easy during this time and a lot more challenging especially on balancing our finances and pandemic forces many companies to stop their operations that affects many workers, and traders as well. Crypto trading is a lot more in a good position compare to the stock market so I think we are still making profit here and a lot of good bounties that is done during the pandemic, you can add that to your profit journal. The market is very volatile, this is not new to me and everything will recover, you have to be more strategic this time.

Slow death

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to be honest i'm not seeing a big negative influence of the pandemic on the bitcoin price, the pandemic is killing people and the economy, but bitcoin is showing that it is not suffering from this disaster that the pandemic is causing. To remember that even last year it was difficult for bitcoin to break the $12500 and whenever I tried to break the $12000 the bitcoin price dropped a lot and this scenario is repeating itself this year, now that the bitcoin price is at $11300 it will try to break the $12000 again and we'll see if you can do it or not! I was confident that with halving I would be able to end the year with at least US $14000, but this $12000 barrier is very strong and not easy to break. now the eyes are close to $11700 that if it is broken then it will try again to $12000, the ideal would be to stay above $12000 for a long time and then continue to rise, but it seems that many people are selling as soon as it reaches $12000, it seems that few people have hope that the price will rise more than $12000

AnonBitCoiner

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In the beginning the trade was collapsed with the pandemic situation.People lost their job,so they used all their holding assets for the living expenses.This collapse was get into some good phase now.People had start the trading with empty hand,so we can expect huge demand in the market.The price of major coin like bitcoin,will reach his maximum value soon.

GreatArkansas

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Quote from: FIFA worldcup on October 10, 2020, 11:38:00 PM

Quote from: Hippocrypto on October 10, 2020, 06:45:45 PM

Quote from: batang_bitcoin on October 10, 2020, 06:20:28 PM

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history.(.....)

Trading will continue to prosper as many people make it as a source of profit, but sometimes frustrations tend to happen. Market crash occured once fluctuations influenced many people and caused dumping of their holdings.
(....)

I usually stop trading when market is down or there is any bad news which can fundamentally effects the market. Its always risky to trade in bear market as most the times the coins will dump and hit the stop loss. Holding is a much better strategy in pandemic and situation of bad economic crash.

But you can still make money or gain profits even when the market is down or we are on the bear market. In some derivatime trading platform, you can do long trade (which normally people do "buy low, sell high") and short trade ("buy high, sell low"), where in short trade you can earn a profits when a trading pair is dumping. It's totally opposite of a long trade.

Salauddin1994

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He emphasized the need for bilateral co-operation in overcoming the global economic crisis caused by the epidemic and the growing demand for investors. There was no effect on the trade but many people left the trade as everything was disrupted due to which the value of the currencies has come down a lot it is very difficult to predict the crypto trading market this is why holding is the best strategy to trade. It is less risky and it is possible to make a lot of profit if the price goes up.

FIFA worldcup

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Quote from: Hippocrypto on October 10, 2020, 06:45:45 PM

Quote from: batang_bitcoin on October 10, 2020, 06:20:28 PM

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

Trading will continue to prosper as many people make it as a source of profit, but sometimes frustrations tend to happen. Market crash occured once fluctuations influenced many people and caused dumping of their holdings. Day traders and long term holders won't sustain for months, because as the beginning of the pandemic most popular coins declined a huge percentage of their trading volume.

I usually stop trading when market is down or there is any bad news which can fundamentally effects the market. Its always risky to trade in bear market as most the times the coins will dump and hit the stop loss. Holding is a much better strategy in pandemic and situation of bad economic crash.

maydna

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Quote from: Hemady17 on October 10, 2020, 07:18:38 PM

Does the market really affected by the pandemic? I think yes even we don't feel that much, the volume is slower compared to the past year in market. Actually, the stock market was affected as well as cryptocurrency or other assets. In fact, I thought it was a bullish when the September came but I think it was delayed because the people cannot react until now. They want to save their money so that they can buy their priorities such as foods.

However, this is also good opportunity to buy cryptocurrency right now. The fact that you bought low prices. The more you will take profits.

Yes, the market is affected by the pandemic, but we can feel good because the market can now move up and down many times, giving us a chance to make money. Trading in the pandemic can provide us with another opportunity to have another income source while many people lost their jobs out there, so we can still make money to buy our daily needs. Although it seems really hard to make money, I am still optimistic that we can profit, as long as we know when we must close the trade and take the profit. If you think it is hard to make a bigger profit, you can make a small profit, and if you can do that repeatedly, your profit will be bigger.

Ryker1

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Well, the phenomenal increase in Crypto trading during COVID-19 pandemic because mots people was indoor and nothing to do and sometimes boredom strikes to them. According to this report of the articles ^{[ 1 & [ 2 ]}. There are approximately 75% people of the world’s population were staying indoors, it means they are lockdown. So, due to boredom, some of them thinking this was a good earning profit and it is increased drastically.

Hemady17

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Does the market really affected by the pandemic? I think yes even we don't feel that much, the volume is slower compared to the past year in market. Actually, the stock market was affected as well as cryptocurrency or other assets. In fact, I thought it was a bullish when the September came but I think it was delayed because the people cannot react until now. They want to save their money so that they can buy their priorities such as foods.

However, this is also good opportunity to buy cryptocurrency right now. The fact that you bought low prices. The more you will take profits.

JeromeTash

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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.

It's easy to say this when you are not an active day trader. Trust me, once you are trading, that's when you realize how unpredictable the crypto market is. If it was that predictable, I mean by people following the historical prices then crypto trading would be the easiest way to get rich but Noooo! It's not what it looks like it is.

DoublerHunter

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Quote from: batang_bitcoin on October 10, 2020, 06:20:28 PM

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

^ Definitely right, trading is not an easy job, it requires skills and knowledge to perform the technical analysis upon predicting the market. But that does not give an accurate result, there are various factors bitcoin price varies, it will either on news or FOMO. So, that's not just easy as that.
Nevertheless, as far as I know, there are massive losses from newcomers who join in trading, they think that trading is a very easy way of earning money during the pandemic, but the fact that is not easy as that. During pandemic and lockdown, people start looking on the internet that could something they will earn money, but instead, it is opposite of what they expected.

Hippocrypto

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Quote from: batang_bitcoin on October 10, 2020, 06:20:28 PM

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

Trading will continue to prosper as many people make it as a source of profit, but sometimes frustrations tend to happen. Market crash occured once fluctuations influenced many people and caused dumping of their holdings. Day traders and long term holders won't sustain for months, because as the beginning of the pandemic most popular coins declined a huge percentage of their trading volume.

batang_bitcoin

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If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

nelson4lov

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Despite the pandemic since the beginning of the year, 2020 hasn't been all bad and no good. I mean, we saw the market turnmoil in march but it was immediately followed by a market recovery. The only problem right now, is the fact that most small to medium sized traders had to cut some of their funds abd dedicate them to their real life walfare since the pandemic started.

Overall, the crypto market looks healthy even in the face of tge ongoing better. It's safe to say that the crypto market is outperforming other markets.

Johnyz

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Quote from: so98nn on October 10, 2020, 03:09:25 PM

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.
[...]

That is good point here. Not only the crypto currencies but many assets like commodities, stocks, metals and shares has got affected with this pandemic. Seriously we have seen two types of effects here, I mean I have seen shares tearing apart while metal like Gold risen in it's value crazy high!!

Surely it is most weirdest year ever for any kind of investment. I mean whether they are from the crypto space or from the real currency trading platforms. All of them suffered equally. However, let us not forget crypto currencies are still holding up pretty nicely here when rest of the economy is going down. It's strong pillar of investment right now.

Trading Cryptocurrency during pandemic is still profitable because we didn’t dump that much, my only problem is that I have to cash out some of my holdings so I can support my daily needs and this is why I missed many opportunities during the pump and dump trend. Those who have extra enjoys that moment but those who are suffering financially because of pandemic, they have to liquidate their assets. Trading can help us, good result will come in the market and we will rise again.

Topic: Trading in the pandemic - page 7. (Read 1372 times)