Bitcoin Forum

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://bitcointalk.org/index.php?topic=5280759.0
And I really hope that it helps.

There is no way to know what will happen in the future but obviously we are going to do better. This virus can't just kill everyone in the entire world, we will not allow that, if things got even worse we would basically just have martial law type of strict survival situations and humanity would have fixed itself.

The only reason why this has even gone thus far is economy, normally it wouldn't have taken this long to recover neither, but the financial numbers looked horrible so there were tons of countries around the world that allowed this to continue which is why we are not doing that well, if everyone closed borders and lockdown was global and nobody went out unless they need to, we would have fixed this in few months at most , but economy needed us and we needed money so everyone went back to work.

As to the history issue, I think cryptocurrency daily trade has got no history to refer or look upon for repeated occurrence. Except for buying a certain coin when it drops to hodl and resell when price starts increasing. But apart this buying low and selling after sometime, I really don't see a history. It is not clear at the main what controls the cryptocurrency market, so I can not trace such to history. In trading, history is what you look at to take an order decision like forex trade but I don't see that exactly with cryptocurrency.

Cryptocurrency trading is more than just buying low, hodl and sell high or moving coins from one exchange to another. However, history activities does repeat itself which the reason why some experience traders expand their market examination by using both fundamental and technical analysis.

Check all the price history of Bitcoin from the beginning and what usually happen when the market experience huge traffic or increase in mining difficulty, you will see that the price of Bitcoin will pump.
The samething happen in cryptocurrency but not everytime and thats because of the volatility of crypto.

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.

However, trading of crypto currency is not affected by this pandemic although most of the economy in all countries are a bit sideways due to the sudden lockdown to avoid spreading the virus. But I'm surprised when Trump tweet about both with his wife had the Corona virus and that's just suddenly plummet the market thus I conclude that he has some connections to the stocks and crypto market.

Anyway, this pandemic is taking too long since most of the scientist around the world aren't done making the vaccine that could stop from spreading the virus. That's why it can't be helped since the more we exposed ourselves outside the more likely we'll get the virus although safety precautions have handed around the world to minimize from spreading.

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.

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.

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.

^ 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.

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.

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.

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 (https://timesofindia.indiatimes.com/readersblog/eduscribble/phenomenal-increase-in-crypto-trading-during-covid-19-pandemic-26307/) & [ 2 (https://www.cnbc.com/2020/09/21/many-people-turn-to-day-trading-in-pandemic-few-will-be-a-winners.html) ]}. 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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

I will not say that as many with the definition of the majority. It's a balance, many makes money and also many just ruins themselves for trading because they are ineffective and it causes more losses to them. At the end, they still remain but chooses a different path and that's to become a holder and that's making them more money with one time selling when the market is up and the situation is good. Both type of traders can sustain themselves, if it's not then we do no longer have day traders and holders during the bears.

Ofcourse in trading there's a winner and there's a loser we can't break that balance, It's just people should find out what kind of profit-making method is right for them. I know a few people who give up trading and just start hodling over this pandemic scene, They didn't lose hope in cryptocurrency but they choose to change ways in making a profit from it. It's just the timing of the pandemic that makes some traders find other ways because of the need for fiat and the dumps happened during this pandemic.

Even after trading at your best, it's really impossible to know which way the markets will move after a big pandemic like Corona hits your place and there's nothing (like vaccine or injection) available that could save you from it. Nobody knew that this pandemic was coming, else they would have just welcomed the price declines of stocks and crypto with both hands open, while try to collect like beggars in the end. Many traders who traded a lot of coins during and after the pandemic share that they just listened to their instinct but were proven wrong by the time and lost too much.

Yes.
It's like looking what's best for you. Being a confident day trader or a long term holder. Day traders tend to have the most pressure in the market as they are chasing for everyday market.
While holders, get also a big pressure whenever the market goes side ways but it's very profitable in the long run.

if you can take advantage of the moment then trading during this outbreak is very profitable...
Just imagine if you bought Bitcoin or Altcoins in March when the outbreak was at its peak and then sold the coins you bought at this time then you must have made a lot of profit. the point is to take advantage of the moment because trading during this outbreak is very profitable.

Trading especially this time has a huge benefit because you know where the market is going from the first experience that occurred during the pandemic, but also one should always be careful because the market can change just in seconds. For me I take this pandemic as an opportunity.

Well, it's indeed an opportunity during this dire situation.
People had enough time to read and learn the fundamentals of trading while being quarantined and deprived to come to their respective day jobs.
Learning how to trade as a means to support the loss of daily income that has been badly affected by the pandemic is a good initiative, but what I see as a wrong perspective from new crypto traders is they thought it's easy to make profit in this very volatile market. Thus, causing some of them to suffer a huge loss.

There are a lot of people even pandemic are making trade and there are nothing changes with this because a trader uses the market volatile of the market if you are just a trader would like to make a huge amount of profit I think this is a good time because the market today are having a strange movement previous the market mark of the bitcoin comes into a 10.6k and right now there is another trend comes up into 11.4k unexpectedly.


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.

There are people who are day traders and I agree with you on them, they do make trades on every single day, even on the worst day of 2008 crisis (was it like 14th or 15th of September) they still made a ton of trades because in the end you make a trade to make a profit, or at least lose less.

However there are traders who are less short term to even long term, for example someone who makes a trade couple times a week did get affected by the pandemic, people who bought for like 3-6-12 months and even longer than that got affected like crazy because it was such a fall that it made people scared plus a lot of them needed money because of pandemic and that caused them to cash out. There is really nothing they could have done since it was a whole global thing but at least we know there was difference between them.

It's a big lie saying that trading could be easy. I may not be saying that trading is the best opportunity at this time, this is only just another option to take for those who are willing to lose and those who want to spare their time in learning how to do this. I've to agree that trading could be profitable if you know how to play the market's volatility and have extraordinary knowledge in this. But if we don't have, well, that we need to face a big challenge in our life.

Its a good thing to know that even if we faced a pandemic today the market value of cryptocurrencies didn't seem any effect after all. And this a good time to take advantage to trade if and ever if you are already know how to trade properly that even if you loose make sure to loose a small amount. And as what we observed market value of each crypto currency today seem to be a good value and worth to trade off.

its the best decision i made in pandemic ,cos of pandemic we all got dip ,so i full my bags with good coins like btc ,eth ,xrp ,and bnb and in just 41 days my portfolio become double

Good for you then.
Mostly was panic and some say it relates to the drop of stock but I don't think that way.
People just need money, in cash. There is also a panic in getting more stocks of food when the known coronavirus suddenly impaled the economy.
Small investors could have sold their coins in exchange for living in better days while in lockdown.

To OP, yes it is getting smoother now and I think there will be more newbies trying to be traders due to the fact that it can be done at home with safety against being infected by the virus. 

Of course, small investors will be very disturbed in a pandemic like now because the urgent need due to Covid-19 can trigger them to panic and sell all their assets even though this is down and can fill more bags with potential coins, but there is power for them to panic quickly. The current condition of food stocks is more important to survive the nose than to maintain their investment which is not necessarily profitable.

Still, there are few investors are getting triggered by any kind of market movement, and they panic selling all of their funds. Base on my experience too when I start on investing with the bitcoin, and ripple(xrp) the market price of these coins are too high and I just put all of my funds right there because I think there is another increase but having a bad decision after a few weeks the price of these coins drops and Its too hard to recover but my aim is to get profit so the best solution for this is holding my coins, and as far as an I remember I held this coin for over four or five months before I get my profit back.

I have two options at that time hold or sell. I choose to hold. For sure there are some newbies are sold their coins because of the rapid downfall of the price. Well, we have different perspectives and choice depends on how this may benefit us.

Even if the small investor is disturbed because of the pandemic, I am sure that they are okay, and they can still trade at this moment.
They need to have a strong mind and make sure themselves that this pandemic will be over soon.
Some trader sells their asset because of the need for the money, but I believe that they still have the other asset, and I am sure that they will continue to trade to make a profit.
I believe that behind the hard moment can trigger us to have a secret power to survive in hard situations, and that will happen to trader or people who want to try hard.
It is hard for everyone, but I am sure that we can stay strong behind this pandemic, and we will still survive.
The pandemic will not stay for a long time, and we will be okay until the vaccine can distribute to us, and everything will be better.

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.

Perserverance is needed especially now that we are in the midst of pandemic ,in fact no one knows the entire foot break and cured perfectly causing by the negative reaction. I think Trading in the middle or during this situation is uncertain but I also believe that its all about time to clean up the view of our lives run faster towards the next step, aside from that , I guess, most important thing is be balanced while waiting for the time development in the field of trading system, 

There’s always an opportunity to make money on a bear market and despite of this pandemic, people who knows about cryptocurrency still make a good profit, its simple they took risk and now they gain that profit, and this is good for you.

Trading is risky and the pandemic make the market more worst, rather volatile and its actually a best way for the trader to do their best on riding the waves in the market. People might have a limited resources during this time and that is fine and normal, but if you want to recover as easy as you can and have the experience in trading, do it here in cryptomarket.

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.

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.  

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 .

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).

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.

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.

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!

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.

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.

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.

Well, it is "risky" to put your savings into trading and investing when you are out of job and have no income, but sometimes that is the only thing you could do to hope for as much profit as you can without losing all your money.

So, when you have no income and you have no job, but you have like 20k, you have to pick one of the two options you have, one of them is trading or investing and trying to make that as much as you can while spending it to survive, and if you could make more profit than you spend you can survive or even if you make a bit of profit you could survive for longer period of time, the other option is not deal with any of that, and spend it to survive and it will end and you will have no more money left with still no income or job so you would be screwed.

Actually frankly speaking even when the whole world was panicking I never saw the bitcons market moving too much in either direction (I am talking from May to current timing) and it never looked like the corona virus had any toll on the crypto market at least. That is maybe because people holding bitcoins are rich enough to not sell their coins in dire times and the ones who sold might have little amounts which did not change the market much plus a lot of guys were investing into digital currency and hence bitcoins because everyone knew the future after corona virus will be towards digitalization and blockchain technology also got quite famous.

I think the next year has some great news for us in store and I am really excited about how the market moves once the virus vanishes completely.

I would not worry about this type of moral and ethical dilemmas in trading my friend. Same as in gambling, when people were taking advantage of inside knowledge on sickness, it was the same as any other inside information,,, you are not directly doing anything. If you really feel bad about it, do something in real life that actually helps people and you can make up for it.

If they are at first a real worker and at the time of this pandemic they switch to crypto trading, of course they have little skills and only think about profit, even that way is not good in crypto trading.
And it is true that you also analyze and have more knowledge of market conditions, not only choosing coins over lower coins, if you have the skills, you will know how to take this kind of spry, therefore during a pandemic, of course we will continue to be at home for a long time and like it or not want they have to learn more from various references.

No way to know what will happen to us in the coming days. The situation is getting more complicated day by day. None can control this without a vaccine. At this time, we should stay at home and need to do what can be done at home. So cryptocurrency trading can help you to do research and make some money even in this pandemic also. So this is the best option in this pandemic to choose to trade.

Trading has got even better even when pandemic is currently affecting the whole world. But we should not be affected by this since we are already trading ever since and it's even better if we keep making good profits in trading and in return, offer some financial assistance to those who have lost their source of income and are mostly affected by this pandemic.

Basically, the pandemic can be used by many traders at the beginning in the same way to win, there are many who went short and won, those who stayed in hodl mode today are winning, it is all a matter of knowing what the true perspective of the market is. market and in which direction the price of Bitcoin is heading.

At the moment I bet that at any moment we will have a bullish trend, but this is unpredictable, volatility has no indicator to know when it will act.

To be honest, I got motivated to keep grinding in crypto because of what you have said, mate. We should definitely continue trading to make good profits while in the middle of the pandemic because most of us don't have a stable source of income to provide all of our necessities, and many of us have been here before the virus existed, so we should not get affected by it for us to reach our goals in life.

If they know that crypto trading needs to learn before making a profit, they will learn from many sources on the internet. It will not stop them from making a profit as they need to earn money in many ways. Crypto trading is one of many ways they can do, and every way they will try will not be easy to do because they need to keep trying to practice until they can make money.
The first step they need to have is to know the basic lesson on trading because that will be the same lesson, whether that is crypto trading or forex trading or stock trading. So they need to keep learning until they know how to enter the market at the right time, and they know how to take the profit.

I am not sure about this history repeating itself thing, it might have happened before, but if you check now, is it still repeating itself? It’s just like nobody ever knew that there was going to be a pandemic this year; the virus started in China, and we never thought that it was going to be something that really serious and then all of a sudden it started happening, it already spread like a wildfire almost everywhere around the world, if not everywhere. And that in turn affected this market to drop.

I am not trying to say that the market will not increase again, but who knows when? If it’s really history repeating itself, judging with the past, has the history repeated itself as it should?

People’s interest is growing on steady. Haven’t you noticed that it’s not just individuals this time around, but companies too are getting on-board, and they are investing millions of dollars in mainly BTC. And as a day trader you will be trading on a steady no matter which direction the asset is heading to.

Day Trading shouldn’t be a ground for anyone who doesn’t have enough finance to feed themselves, because you’re not going to have enough finance to trade. In trading you’re taking risks, and your main is plan is to win and make profit, but there is no guarantee for that since you’re here to take risks. So, what if you take that risk and the money vanishes due to lose, what are you going to do? Before you day-trade you have to know what you’re doing and have enough finance.

Trading is risky but somehow the pandemic pushes some individuals to take the risk rather than doing nothing this time.

The opportunity comes and people never think about the risk they face because of all they wanted to make money.

I don't think it was a mistake for anyone who tried to trade but I don't think as well that we deem to blame the market because we lose in trading.

This pandemic have really brought up a real big impact with regards to not just about health but with the economic state as well on which it duly affect the stock market which is literally the one who is directly affected by this pandemic on which based on news and as what we can see is that the prices have dropped real hard which alarms people trading on stock market which makes them to withdraw and seek other alternative ways on how they can make their funds profitable wherein they saw Bitcoin and the crypto market as the one who can they do trade since the crypto market is not totally being hit so hard by the negative impact of the pandemic. Although at the start of pandemic it has also suffered, but still along the run, it have duly recovered compared to the stock market.

That would be common to happen since they are just new into this market then its just normal for people to have that kind of reaction where they do really had that time to blame out
the market and might even saying that they had been scammed because they do lost all of the capital.

If they would think up clearly or realized it well then they will surely tell that it is their main fault on why they have lost.Market has nothing to do with it knowing that
it is only just composed by buyers and sellers.

If you do believe that you can make easy money via trading then think again but i agree that it isnt really that bad for someone on making this as their last option in the middle of
pandemic and it is indeed better rather than sitting without doing something else. Desperation would be there but you should really be careful
on what youre dealing with.

That is on the stock market but not in the crypto market.
Some investors got to the point of leaving the stock market and shift to crypto trading. Well, the risk is bit higher but it is to know that the profit returns will also be high. Because if they are good already in real stock market trading, then it won't be difficult for them to manage the risk in the new life that they have chossen.


This pandemic makes people risk more and considered to be the last option, hence of doing nothing.

So, because history will repeated and it is likely to happen in the next year, at least it will make the market adjust to the situation, so even though this pandemic threatens the stability and peace of the world, it will no longer big impact on the crypto market as in the beginning. If history really will repeated then there is nothing to worry about because after all, prices will eventually soar and anyone will still have a chance of making a profit even when the world is struggling to recover.

Even there's no pandemic trading crypto is risky and not easy specially for beginners. They say history will repeat itself but its hard to rely on that, its better to have our analysis on the market so we can gain idea if there's a basis to believe in other "experts" speculation.

Nevertheless the market situation is better now compared to first quarter of this year, the time the virus scare happened. During that time many investors panic sell their coins but despite that the market managed to recover and traders was able to take profit again.

the problem was last year and 5 years before we didn't face this pandemu, so of course the situation will change because it concerns global economic issues, and whether the crypto market will not be affected by this, then will history still be the same as in previous years.

how long will be above 12k this time?

maybe this really will not be affected in crypto because the crypto market is only a small part of all markets in the world, of course the impact of the pandemic will be more pressing to the larger stock market.
history is repeating itself like it is telling us what to do but I think it will be a little different once the pandemic here.

Trading during this time seems to me something more productive. Some people are still locked at home, and they have more free time than ever. If they do not do anything, they will simply get stress and depression. Trading cryptocurrencies will be one of the best solutions of the problem.

I'm just afraid because crypto trading is not that easier like to make use of your free time so that you can get into crypto trading and making profits. As far as I am concerned crypto trading must need lots of preparations and dedications so that you can make profits. If you start crypto trading just for the reason of killing your boredom then you may not get good results but definitely you can enjoy your time regardless of you will be making profits or losses.

We cannot assume that this crypto market is not being affected by pandemic conditions worldwide. Because, every business and every individual across this globe got affected by lockdown and pandemic situations which has already reflected into crypto markets as well. Still, due to its unique capabilities, we can be sure about quick bounce back of bitcoin market so that it will have a new ATH at any time.

That added the impact, when people are desperate to find ways to earn they will look to each side and by learning this market, they will start to bring their investment inside.

There are many reason why people are going to trade since they've seen potentials they will keep on trying to enhance their knowledge to have more opportunities from this venue of investment that they've found.

With having more time since the pandemic is really avoiding people to go out gives them
more closer to understand and to learn how this market works and how they can ride and earn.

That's the thing about the pandemic, a blessing in disguise on traders. Whole the rest of the world's economy is in jeopardy, with lockdown and curfew rules been propounded and effected in most nations, people are going to look for some other way to invest with little or no barrier.
An environment to conduct your business at your time and convince and the pandemic has pushed people to discovering these opportunities which reflects why the market would be experiencing a boom as per volatility even when other economies crumble.

That's the opportunity trading offers and traders have. Where you can earn big based on your investment with zero moderation and tax payment except a little token to exchanges/broker for using their platforms.

Interestingly since the real life outside that we could go out and earn money is in bigger danger than inside at our own home, trading is one of the safest jobs in the entire world right now that people are forgetting about. Sure there are other business that you can do, twitch streamers are getting 2x more followers and viewers these days than they used to, there are people who started working at home due to getting fired at around march that actually build a whole business in the past 7-8 months, it is enough time to see if something is a liable business or not in 8 months and if you could make money from it.

So, trading during pandemic is very smart, not because you could make a lot of money, you can never know that, some may make millions while others lose it, but we all know it is safer in health part of the sense to stay at home in front of a PC.

For quite sometime and maybe forever because the worst phase in the market is already been spanned out and Bitcoin held strong during time when everything was falling so this shows signs of the future price as now the market starts getting more stable and the price of bitcoin might reach some all time high values.

The bitcoin market was indeed affected by this pandemic but gladly the price held strong and now moving nicely as the effect of the pandemic diminishes slowly but surely.

Everyone is free to learn up the market but the question is, does everybody have that funds on testing it out? Would be they willing on spending some bucks while they do learn?
Trading with your first tries will be likely to be on loss since we are just complete newbie.Do this assure that those people will stick with the market? It will be a on two outcome
neither they would stay and continue or they would completely stop and wont turn back.Trading is indeed a viable option to take but we know that this one ask out
some money for you to start on thats why testing with small amounts and learning on the process is much more recommended.

Sorry but to disagree with you saying the "Trading is the safest job in the work" because in real life and base on my experience, can't tell that way instead of saying as the risky job. Maybe you are saying that trading will help us keeping away from being infected with the virus outside but when we talk about money risk, too risky, really.

People got this option because they do nothing at their home. People are taking the risk in trading because of some attractive talks about trading, about making money easily that is why trading becomes very popular nowadays.

People left with no choice but to find work online as the majority of physical jobs temporarily suspended and the worst, others even got fired as most companies can't handle the losses they faced this pandemic.

With the stock market crash, the crypto-market stays in shape giving opportunity for others to hop in.

Although the difficult part was to learn the basics and despite numerous losses on their trial period, others succeeded. It shows that even for a non-experienced trader, anyone can be a good one later on as long as they are serious pushing on it.

Even history repeat itself trading was still risky as it was even in the start of cryptocurrency. But as what i have observed in the market value of each altcoin today, it was a lot more better than it was in the first semester of the year where pandemic arises. Today, even trading was risky atleast you have your courage to perform it well because of the good market value possessed. Well hopefully we can generate good profit as of now, in trading we should be wise enough to play it well.

But imagine losing money at times when you are already struggling and one thing I know about trading is, when you get desperate to make money and do trades then you are almost certain to lose money. This is the reason that I am seeing trading in the times of pandemic is NOT same what we do usually.

We may go for our usual way of trading but do you do remember that more new people are participating in to trading these days as they are finding more free time to engage themselves in trading in this pandemic times, we must need to be prepared to face such high competition these days. This is what I am feeling about trading in pandemic and other than these all, we can simply go for crypto trading as per our own style.

Well said, we don't know how those people will react after experiencing losses coming from their first try, as we know to the fact the value of money during this pandemic situation.

There's no assurance but for people who really paying attention to every opportunities, losing can be afford just to broaden the experienced.

It's matter of how  determine a person to take this route and treat it as venue to
earn real money, take the risk and succeed or quit if you don't see any future ahead.

I agree into this sentiment where there are people who are really that serious on making their lives to have some changed nor tend to improved.It might not be an assurance

but at least they are trying their best to hit that spot and will really benefit on it.Some will surely surrender and wont plan to go ahead but some doesnt really easily surrender
and just continue in spite of losses.

People whom do succeed are to those people who do risk when they do know that theres a good opportunity or outcome that lies ahead.

History repeats itself based on that there will always be a bull run, but that aside, when it comes to how the price actually moves everyday, it doesn’t repeat exactly the same, it goes differently. And as for the bull run, it’s normal that the bull run will be repeating itself since we are all aware that Bitcoin is still at the early stage and is still growing; the level it has gotten to now is not the level it will be in the future, it still has a very long way to go.

Lots of institutions/companies are still yet to adopt it, and they are going to do that in future. So, the market will grow more than what it is now, and I look forward to that.

Trading is surely a patient thing that we should see as a game. If we play it as a game we like to enjoy as we relax then we are likely to be happy with it and observe our mistakes and be better. Yes during the peak of covid-19, trading was very difficult amidst fud of probable collapsing market but gradually, the  bumpy times are fading off with the covid-19 too and market is beginning to be determined by proper analysis.

I started trading for the first time in 2016, and now entering the end of 2020 I am still trading crypto. I have experienced many interesting
things in the world of crypto trading,  and crypto trading in a pandemic situation is a little strange and unique in my opinion. The price
movement of cryptocurrency is unpredictable, just imagine the first time the corona virus outbreak in March 2020 all markets  experienced
a price decline. Including Bitcoin down to $ 5000, I was hopeless to cryptocurrency at that time. But I ventured to buy Bitcoin and a few
altcoins, because 2020 there is a Bitcoin halving so optimistic the crypto market will rise. It turned out that my prediction was correct,
Bitcoin price is now nearly $ 14,000. Trading in a pandemic situation is very profitable in my opinion.

The price is going up so trading must be something good right now, if I were a trader for the past 8 months I would have probably made some money too, I am a long term investor and I did made some profits so I am happy about the situation but traders must be happy too.

The problem however lies with the fact that you could also lose money with trading as well, for example you could have bought at around $12k back early in June and could have sold at $10k, now that is a wrong trade and you shouldn't do that I know but we know that at least few people, probably more people did that too thinking price was going down. So, I am not entirely sure if this pandemic period was great for everyone, it must have been great for many but there must be few that lost money as well.

Many people find it difficult to move freely because of the lockdown government has put on ground  to make sure there is a solution to end corona virus. During the pandemic crypto was like show some sign of pumping which many traders where hoping for that after covid-19 it will finally starte pump. Over few weeks now bitcoin is taking place market with a surprise to trader who never dream that bitcoin will pump by this time of the pandemic. Every trader is now busy to make they achieve a lot from this season because the condition of the market is encouraging for now.

we do not know what's happening tomorrow or next but we can try to make a better life. Nowadays covid19 affected all over the world and most people are jobless As a result economy is destroyed. We heard that covid19 can attack again as result people hold money for safety and most of the trader left trading.People do not interest in buying they sell their coin and make cash

Even through a lockdown time people may find it hard to move freely physically but a good thing to know was even were inside our home at the midst of pandemic we can still move freely in the crypto world. Its the best time to enhanced our ability in trading and to keep ourselves continue learned on our own pace. The market today was volatile but even though through the pandemic market value were irresistibly amazing.

Trading is not something you could do and be good just because you have more time. I understand that people do not go outside and have trouble with work and so forth doesn't mean that they will automatically become like a great trader all of a sudden.

The reason why you are not a great trader is not because you do not have the time for it, the reason is most likely you are not good at it is because you do not know how to be a good one. What changed right now could be the fact that people have more time and instead of trying to be a trader by trading, if they spent the early few months on studying and researching and basically learning how to be a good trader, you would have been a good trader but if you didn't do all of that and just jumped right into crpto trading you would lose even with 24 hours fully free.

What do you think of trader's left trading? isn't it that they can still do it while in the pandemic? the setup is still the same and no need to change anything.

The market became even stronger and people wanting to invest more because they are starting to see the importance of having it.

I came to discover something during the pandemic, how many traders stopped trading their coins because of what they heard about the market,that the price will soon be dumping.  Many  people rush to release their coins to market cheaply during the pandemic, hoping that market price will drop after pandemic.
The way the market is going now, show that cryptocurrency will soon improve to be stable as usual in the market. Many trader seem cryptocurrency,that it cannot rise more than this in this 2020.
Bitcoin is rising crypto is going down in few weeks now but according to research,crypto will take over from bitcoin before the end of this month. Cryptocurrency will still change in the market to make the trader still have faith with their trading to make sure something good come out from it.

Having more time will really create more experience yet you can deal with the market even more longer compared to those normal days where youre just too busy on some things but i cant blame out for those
who do have day job and now they had lost it due to pandemic and now theyre considering trading as an option?

Its not a bad option but be sure that you arent rushing things up because this isnt something that you can just directly sit and able to make money.Learnings will be most likely
be gain through experience which means you would need to have lots of time.

Its just not right if you do rush up on things because learning wont really be that simple and for sure to those who had recently be in trading had already broke their expectations on
making easy money.

Yeah. But most of the time, traders become more stressful in trading. Specially for those traders who have no stable job and depends only to the trading income. It wouldn't be efficient to trade when you depends the bills and other expenses in your trades. We have to think that it only applies when you have a large amount or stable salary that sustain your daily needs. Trading is not a game for me because you don't have to enjoy your trades, take it seriously.

actually the price of bitcoin and other top altcoins are the one that goes up, but those undervalued coins they are all going down. There is always a risk in the market nowadays because of Covid-19. It isn't always a win trades for us because even in cryptocurrency, the market is affected by pandemic. It only good for whales because there are many people right now that sees trading as an opportunity to gain.

Long term holding will become beneficial if you have large holds. If you have long term coins, it will give you definitely a retirement income for the next few years as cryptocurrency becomes available and accepted all over the world.

This pandemic proves how great Bitcoin is.

At the start of the pandemic, the price increased and we first met $10K this year. After that, the price went down not knowing what happened and what will happen, people kept on holding, and right now, we are at $13K. We don't know what the future holds, all we know is that Bitcoin is not directly affected by this pandemic and people should take advantage of it.

Really, Bitcoin has already proved itself as one of the finest investment because even in this pandemic, the price of Bitcoin is still increasing and this makes Bitcoin proved it to hold the Bitcoin in the long term. Even in the pandemic situation, we should be very careful with the altcoin situation and they are very risky.

While the price of everything has dropped in this epidemic situation the price of Bitcoin has risen. Trading in epidemics is becoming very popular everyone is holding on because of the rising price of Bitcoin. The crypto market is rising a lot the price of Bitcoin is expected to rise further. As its price rises so will the prices of other currencies in the crypto market. Trading in the pandemic is why long-term investment in Bitcoin is more risky than trading.

budgetary numbers looked shocking so there were huge loads of nations around the globe that permitted this to proceed with which is the reason we are not doing that well. Aside from purchasing a specific coin when it drops to hodl and exchange when cost begins expanding. Yet, separated this purchasing low and selling after at some point, I truly don't see a set of experiences.

Many major news and incidences had caused down collapse on the crypto market so many times, the fall down ICO by China government was the first to affect the market drastically before the bull run in 2017 and after a short time the market regains her stability, same happened in the pandemic period that both affected cryptocurrencies and stock  market and forex market entirely but the crypto markets regains her stability again and I t seems the new ATH on bitcoin us getting to be observed this year at it reaches $15,000 so there is no way the crypto market would be totally affected even if the total bitcoin is mined out. Actually people lost their job and picked in the interest of considering crypto markets which shows positive impact on the market until this day.

Hard to say that you would just simply quite just because you had experienced some losses with your few tried.Main mistake for some people is that they do easily quit with that level of loses.
Well, money is indeed precious specially now on this pandemic situation where its mainly needed and important.Its up to someone though if he can still afford to lose or not on engaging with trading.
This isnt a thing for everybody because some will find it beneficial and some will just treat it as an other object to be an option but not everyone would really be pleased with the results.
So in next step then they do quit and never came or look back and just continue to find for another alternative which they do believe that it might work for him/her.

These days is not good enough to see trading to be efficient since the pandemic hasn't overcome. World crisis really affected our monetary system including cryptocurrency, because the circulation of money always depend with it. Most particular traders always look on the demand of each coins within an exchange volume which is very important factors. Holding an asset is the only ways to survive.

Maybe thats the real market situation, and people aren't good enough to be into cryptocurrency trading for different reasons. In my country during the pandemic people have looked for alternative ways to make an earning. This has made lot many to land into cryptocurrency trading. How effective is their earning ? I'm not sure of it, but the pandemic has driven more common people towards cryptocurrency usage.

A lot of people lost their job because of this pandemic and most people find ways to create income to earn money. Also, adopt crypto to trade during this pandemic time, before they start trading they should know the process and the risks of the market since the price here is volatile. Study the market because gaining knowledge is very important as this will guide you during your trading journey. Training during pandemic is also a big help but with risks and with advantage since in this industry are a lot of opportunities to earn.

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. Exchanging the pandemic can furnish us with another occasion to have another pay source while numerous individuals lost their positions out there, so we can at present bring in cash to purchase our every day need.

In the first place, cryptocurrency trading is not affected even pandemic happened. Why? it is because the market was too unpredictable and We all knew this. That's most of the crypto enthusiast still can do earn in everyday of their lives. Which is true, due to I also experienced that too during pandemic so I am very grateful that I have a little bit idea about cryptocurrency.

Got the point there. There are people who really don't belong to this market, or to this type of business. trading is not for everyone
and like you what have said even you have time.

If you are not doing anything good better to assess yourself, invest with your knowledge learning things is not a shortcut there are struggles and so many losses that you may experienced.

This pandemic brings you chances to seek for more understanding as you use your time while you
are still at home working with more information to learn this venue of investment.

I find all these staking, nodes, defi, dex and many more stuff that we are doing right now including smaller stuff like liquidity providing and other stuff all became this much famous because of the pandemic as well.

Two core reasons why pandemic affected these things, first of all it was because we had a lot more time within our hands which allowed people who already liked crypto world and were involved to be involved even more, we had to go to work, come home, cook food and many other stuff and had very limited time versus now we are all at home (well not anymore maybe but we were) and that gave us time to check crypto in more depth.

Second reason would be a lot of people were unemployed but there were people who either were unemployed or employed who had money and they saw that economy went very badly while crypto could be a savior of their wealth so they all got involved with these new investments to save themselves.

yes, as you said that there was no significant effect on crypto during the pandemic even though it was said that many people were just at home, there would be an increase in crypto, also there was no visible increase in impact that occurred.

During a pandemic, of course, there are also many who make a priority scale to use their money because during a pandemic, of course there is a lot that needs to be removed from normal conditions. those who run, it seems that those who already have deposits in their wallets and are already familiar with crypto, for beginners, certainly won't do that because of the risks that you might not want to experience during the trouble due to the pandemic.

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.

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.

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://bitcointalk.org/index.php?topic=5261095.0

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.

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. Trading when there is a clear strong trend in the market is really easy 8). 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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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.