Is it true that Corona Virus may effect trading?

[Akoldi_ibk]

Coronavirus isn't affecting cryptocurrency trading as compared to other financial markets. We still have various exchanges up and running and accessible from anywhere. However, the virus is having huge impact on flow of funds in and out of the market. Less circulation of money in the world economy is causing less money moving into the crypto market and at the same time, people are cashing out to have money to survive during this period.

[Spaffin]

One way or another, the coronavirus does not have a direct relationship to these or other processes of the cryptocurrency market.  but it is necessary to take into account the fact that coronavirus affects people and their physical and psychological state.  we all know that trading requires a sober and healthy mind in order to make the right decisions not only for trading, but also for profitable investments in cryptocurrency.  Based on this, it can be theoretically assumed that coronavirus in a certain sense affects all the activities of cryptocurrency users who are in one way or another in contact with this problem.

[Hulhala15]

Is there any doubt about it, just look at the charts for the last couple of weeks, it seems that everything just got out of hand, it is clear that everything we see has a logical basis, and every situation or moment can be clarified, but if we can figure out whether we could have assumed this six months ago, as we used to do, of course we can consider it one global news, which consists of many components that have pulled a series of events that fundamentally change the economic and political situation. I think we need to be as careful as possible now, because the market is extremely turbulent and every action we take can be very serious.

[Emitdama]

Trading has been a little bit hectic nowadays, people are really looking forwards to going a little bit more stable and having some sort of courage but unfortunately for now there is really no stability and that causes people to be stay on their food and keep them at the edge.

When they are like that what causes bitcoin to not go up is the fact that when you go up some people will take profit, when they take profit price shifts lower just a bit and when that happens since people are on the edge they get panic mode and they start selling and that small correction becomes a huge drop in price. It is not something we all love seeing but it is whats happening right now. What will recover us from this is getting a bigger push no matter how much correction it gets hit with.

[HatakeKakashi]

What effect do you meane? This dumping happening right now?  Due to this pandemic many people don't have any job and the money they use is from their savings or their last salary they got and once it gone maybe if they are using crypto to get money by selling their coins so maybe it is one of the effect but not only because of that. If the lockdown will end and if the crypto increase maybe that is one the reason why crypto is down.

[Sohyun Park]

There are two things happen here coins like DATA coin will have a great attention. Few of them might take out there funds to health or medical purpose but, since most of them are staying home and no much work to do, there are lots of people investing there time to get introduced to Crypto and learn trading.

[hahay]

Let's wait until the halving event later and if the effects of this crisis continue to occur it is clear, this pandemic is affecting the crypto trade because at the moment we can at least assume the falling prices because it is indeed a major correction that will indeed occur before and after the halving bitcoin event. If this market is affected due to the impact of a crisis at least I am sure prices will continue to fall to below 5k but what happens is that prices can still strengthen and recover even if only a small recovery.

[Sanitough]

traders are still here, they can do that because they are staying at home.
As to the amount traded in crypto, there is no decline yet so I don't think this virus has really affected the market.

In fact, crypto market is a stronger market compared to stocks now, as this is our opportunity to show the world that crypto is no way correlated to stocks.

[Sadlife]

i think not because mostly trading is done online using exchanges there are no physical interactions needed to trade Cryptocurrency. Also when the exchanges need maintenance the developer could just do it in their laptop but except for system admin they need to be physically present to the server room incase some hardware fails but mostly only one guy is needed for such a job.

[Freddy11]

It obviously have impact and it’s fairly visible. But we need to be extremely careful with how we approach it. I keep things in control through Market Analysis which comes through FreshForex broker. When you have market analysis, it only makes working rather easy and simple as well.

[conected]

traders are still here, they can do that because they are staying at home.
As to the amount traded in crypto, there is no decline yet so I don't think this virus has really affected the market.

In fact, crypto market is a stronger market compared to stocks now, as this is our opportunity to show the world that crypto is no way correlated to stocks.

- Agree that traders are still at home and continue to seek profit on the crypto market during the Corona season, that makes you feel that everything is still very normal and the market has no direct influence from Corona but that's just under subjective perspective, the outside is still nice but the inside of the market has changed negatively. The suddenly falling value of bitcoin is a testament to the influence, although the recovery is happening but the fluctuation is relatively low when investors' capital cannot be flexibly circulated in the face of difficult economy

[Shasha80]

I don't think it's true that corona virus has an effect on trading. Because I noticed several popular trading volume exchanges
continues to grow and also the price of bitcoin rises slowly approaching halving. So do not be the same as the stock market that
is affected corona virus. And crypto trading does not need physical contact, which makes many traders feel safe from the threat
of viruses corona.

[perfect999]

It may not have a "direct" relation to crypto however it doesn't change the fact that it has an indirect relation to crypto at the very least. Right now world is in pandemic global panic mode, there is literally thousands of people dying every single day, every single day! We are talking about more people dying in the past 3 months from corona than any war in the past 10-20 years, that is A LOT OF people.

For some reason some people think it will pass and it will be fine and nothing will happen, but they are forgetting that something already HAPPENED, and it will continue for a while as well but even if you do not believe the horrible threat we are facing at least check out what happened in the past week alone! That is why crypto being impacted by corona is quite normal.

[Yatsan]

Does not have direct effect, but it has! After the corona virus started major markets are started to crash down until all of the market loses value crypto market is included! It didn't have a direct effect but you can see the pattern that because of this crisis people are pulling out their money into safety causing markets to crash down. Right now the virus is still out so we can't see any good news in crypto, I think if the virus is cured we will see a big market changes.

[SirLancelot]

It is really true that corona affected us a lot because we lack liquidity but at the same time showed the world how we are insisting on not dropping neither.

Are we down right now compared to where we were? Sure, we are but at the same time we are a lot better than the bottom we hit as well, we bottomed out at 3600 levels and that took less than 24 hours to bounce back above 5k, which showed the whole world that we might lack in liquidity but we also have huge heart and bravery to go back in when everything looked so gloom as well.

During the peak of corona when everyone was afraid, there were people who were buying bitcoin with their cash when they could have used it for survival. That speaks levels of what we can do for bitcoin and that worths something to some people.

[Mumbeeptind1963]

It is really true that corona affected us a lot because we lack liquidity but at the same time showed the world how we are insisting on not dropping neither.

Are we down right now compared to where we were? Sure, we are but at the same time we are a lot better than the bottom we hit as well, we bottomed out at 3600 levels and that took less than 24 hours to bounce back above 5k, which showed the whole world that we might lack in liquidity but we also have huge heart and bravery to go back in when everything looked so gloom as well.

During the peak of corona when everyone was afraid, there were people who were buying bitcoin with their cash when they could have used it for survival. That speaks levels of what we can do for bitcoin and that worths something to some people.

It is true, that Corona Virus all the industries especially our economic rate. That is why many markets has been crash and still on its recovery, we all know that even a small FUD that people will take seriously could hit the market, so does the Virus do. It has a very large impact, and also many companies are releasing their funds to help their employees with no return on their assets but it has a good side.

[evasmith594]

Coronavirus has hit economies very badly and put the world into recession phase. People around the globe have no money to eat, to travel or to buy anything. This pandemic has hit the trading world as well because people now a days dont have large amount of funds to invest in trading.

[ultrloa]

It is really true that corona affected us a lot because we lack liquidity but at the same time showed the world how we are insisting on not dropping neither.

Are we down right now compared to where we were? Sure, we are but at the same time we are a lot better than the bottom we hit as well, we bottomed out at 3600 levels and that took less than 24 hours to bounce back above 5k, which showed the whole world that we might lack in liquidity but we also have huge heart and bravery to go back in when everything looked so gloom as well.

During the peak of corona when everyone was afraid, there were people who were buying bitcoin with their cash when they could have used it for survival. That speaks levels of what we can do for bitcoin and that worths something to some people.

It is true, that Corona Virus all the industries especially our economic rate. That is why many markets has been crash and still on its recovery, we all know that even a small FUD that people will take seriously could hit the market, so does the Virus do. It has a very large impact, and also many companies are releasing their funds to help their employees with no return on their assets but it has a good side.

We already suffering if we means on long trades but in short trades we can potentially earn with it even if the movement is low by now. But we should expect for more longer upset since until now we still don't know on what will happen on future nor on when this pandemic end up so we should expect that we will still play at $8k-$10k.

[Emitdama]

Coronavirus has hit economies very badly and put the world into recession phase. People around the globe have no money to eat, to travel or to buy anything. This pandemic has hit the trading world as well because people now a days dont have large amount of funds to invest in trading.

Yes, many countries are facing issues with Coronavirus because daily labor is losing their work and this makes many people are don't have money to eat food. This pandemic makes many people kept their money aside for living and not for trading.

Ever since this topic was created it affected trading in all directions and it is a bit confusing to see as well. First it affected because traders were afraid and sold, after that it was hopeful because everyone saw it was low and realized bitcoin worths more and bought, after that it got so high that people thought it was too much and sold, now for a while people think corona is not really a huge issue anymore (still big but we are not stuck at home and dying by tens of thousands every day) so they stopped.

Like this is three directions bitcoin price could go, up/down/stable and all of it happened all due to corona. It is a marvel and still confusing that one thing could affected another in every single direction like it did. That is why it was so hard to trade during this period for thousands of people.

[LUCKMCFLY]

The effect of the covid-19 is evident in all the markets worldwide, it was logical, it is fundamental, the emotions were evident, even even the gold fell a little, those traders who took advantage of the fall were many, all important event in The world will have an effect on the market for both Bitcoin and everyone.