Is it true that Corona Virus may effect trading?

[Denamen]

Uuhm, the outbreak of Coronavirus is affecting every stocks in the market, and assets . Stocks like gold, silver, other precious metals and other things have all been affected by the outbreak. You might be right about that, it’s likely that a lot of people have stopped trading right now. The decrease in price made everything to be worse, a lot of people might be afraid to be trading at this time because they fear they might lose their money.

But, if you still check the cryptocurrency market you will notice that there are still lots of people that are buying, the buying rate I saw on Coinbase today is 72%, so people are still buying. Long term traders (Hodlers) would see this as an opportunity to buy at a low rate.

They still have confidence when choosing to invest and when the market is down, it is a great opportunity for people to invest again. I think that at any price, there will be buyers and that is what every investor wants when joining this market. I think the epidemic may only affect the psychology of investors and when this is over, things will soon stabilize. Personally, I'm still optimistic and still invest in some of the coins that I consider to be potential.

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[LUCKMCFLY]

I am totally sure that the virus and the pandemic have had a great effect in the great fall of all the markets, including that of Bitcoin, it is fundamental of great influence in the markets, because it obeys to create panic, it is reflected in all the Bitcoin's sales and price drops, so if it affects, by the time the cure is ready, the market will rebound.

[In the silence]

Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

Not that much, In my country kiosk to buy Bitcoin is temporarily unavailable due to COVID, also remittances that accept bitcoin cannot be used because of lockdown.

Online payments are the only options here. Once this is over, hard cash to btc can be exchange instantly again.

[Golftech]

I am totally sure that the virus and the pandemic have had a great effect in the great fall of all the markets, including that of Bitcoin, it is fundamental of great influence in the markets, because it obeys to create panic, it is reflected in all the Bitcoin's sales and price drops, so if it affects, by the time the cure is ready, the market will rebound.

Hoping for the best after the cure was invented, but due to this situation better to have a good assessment before riding to any position that you think you'll be placing your investment.
Corona needs to find a good cure and after that the entire market will be healthy once more. Even there's no direct relationship between this virus and Bitcoin financial institutions are being affected and more investors are pulling thier money from any market.

[alan2here]

I am totally sure that the virus and the pandemic have had a great effect in the great fall of all the markets, including that of Bitcoin, it is fundamental of great influence in the markets, because it obeys to create panic, it is reflected in all the Bitcoin's sales and price drops, so if it affects, by the time the cure is ready, the market will rebound.

Hoping for the best after the cure was invented, but due to this situation better to have a good assessment before riding to any position that you think you'll be placing your investment.
Corona needs to find a good cure and after that the entire market will be healthy once more. Even there's no direct relationship between this virus and Bitcoin financial institutions are being affected and more investors are pulling thier money from any market.

A lot of assets evaporate from this epidemic and it frightens investor sentiment. I'm not sure when this epidemic will end but the predictions will probably last until the end of this year and you need to be more careful when choosing to trade during this time.

However, I am still very optimistic because this time is a very good opportunity for me to buy some cheap coins and if lucky, I still earn double profits in just a short time.

[Polar91]

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

Since corona virus affect people, including the traders' health; this it can affect cryptocurrency trading. It doesn't affect it directly but rather in a different way. On the other hand we can see that the crypto market is halving again in which there is no certain reason but Im guessing because people tend to transact more likely with crypto since they can't go to the bank due to lockdown.

[bitcoin31]

We don't know the answer yet maybe no or maybe yes, but in my opinion I don't see any connection between the trading and the Covid19 what we are experienced of the whole world and everyone will be in danger.

But what I've noticed is when that virus spread to the different countries the price of the bitcoin snd most of the altcoind starts decreasing almost 30 percent of the price of the value of the month dumped. But maybe that is coinsidence bit there is no one can prove of what is happening in the trading market if it's related to the Corona Virus  or not.

[HakaseMarui]

Somehow. The effect also is either good or bad.. People might use their investment to buy something they need or withdraw it so they will be able to have extra money on them just in case.. Or people may invest more and more so they wont be needing fiat money as fiat money transfers virus.

[cassavachips]

Of course they are influential after being declared a pandemic by WHO. If it is true that you have the competence to help or have ideas for making vaccines, you should immediately contact the nearest hospital in your place

[Reatim]

Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

It does because day after this post market slides down very hard and all that pointing is Corona virus effect on market.

Even stocks exchange are now shut down because of the Community distancing so there is no trading in real life happening now and with this the crypto market reacted bad as well and now we are just starting to rise again.

Maybe we will see good trading movement after the cure found but for now?expect this and more dumping and small pumping as whales surely manipulate the prices

[bitgolden]

Well, it is a circle isn't it? When there is a fear, the stocks fall, when stocks fall everyone sells, when everyone sells the stocks fall and it keeps going like that.

Even companies profits are like that, when there is an economic fear people react according to it and not spend too much, when they do not spend too much companies do not get their money and when they do not get their money they don't profit and when they don't profit there is actually a reason for economic fear, so it all circles back to beginning.

Whatever you fear in finance will result back in that fear becoming true if you have the numbers. If enough people think that dollar is worthless people, it will be a worthless paper, don't ask me how because if 7 billion people today say that "we will not use dollar anymore" that will make it worthless, we won't but the theory is there.

[Janation]

Somehow. The effect also is either good or bad.. People might use their investment to buy something they need or withdraw it so they will be able to have extra money on them just in case.. Or people may invest more and more so they wont be needing fiat money as fiat money transfers virus.

It is just bad.

Just look at this article and it will all tell you how bad it is. It is just in our country, how much more to other countries that are greatly affected by the Corona Virus like China and Italy. The stock market is really affected by this, despite the dump of Bitcoin last week, it is not recovering proving that it is not that affected by it.

[Subbir]

Somehow. The effect also is either good or bad.. People might use their investment to buy something they need or withdraw it so they will be able to have extra money on them just in case.. Or people may invest more and more so they wont be needing fiat money as fiat money transfers virus.

Of course, this is often bad because with paper money the market won't return to its former position due to the impact of the Coronavirus on the business. If the coronavirus is prevented it'll return to its previous location Market whales have lost their control.

[Assface16678]

Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

It does because day after this post market slides down very hard and all that pointing is Corona virus effect on market.

Even stocks exchange are now shut down because of the Community distancing so there is no trading in real life happening now and with this the crypto market reacted bad as well and now we are just starting to rise again.

Maybe we will see good trading movement after the cure found but for now?expect this and more dumping and small pumping as whales surely manipulate the prices

It does really affects the world market because today there is a lot of the news because the stock market falls down immediately after the spreading of the pandemic virus also the world of cryptocurrency got affected most of the people withdraw their funds into fiat currency and use that money to buy all the things they need because some of the country today are having a lockdown so there is any chance that they will go out or go in even in their houses and one of the good thing they need to do is to stay at home and wait all things need to be fine. Still, we are looking forward that all of the people become some and back to normal again and the trading becomes wealth and profitable again.

[Maestro75]

Of course it is not only affecting trading, it is also affecting circulation of tokens and coins because of the thousands of deaths recorded of Coronavirus victims, many are traders and holders. So, a lot of these assets will be lost and lost forever from circulation if no one finds the Private Keys of passwords to the wallets.

[wozzek23]

The first reason of crushing markets is "I heard about a project which exited scam" Secondly the corona virus death news in deferent countries.  But it will go back soon IMO too.

I guess you are talking about PlusToken which was a ponzi scheme if anyone is not aware about it, they stole a massive amount of bitcoins, ethereum and EOS and they left a message of "sorry we have run" which really made me feel how bad the investors must have felt reading that message.

You guys may read about it here - https://boxmining.com/plus-token-ponzi

I do believe that this virus has caused chaos and there will be a big problem for almost everyone even if you are untouched by the virus, the platform you trade on, the industry you work for are affected and that directly affects you. I heard there is a big crash in the share market and people even sold their assets like bitcoin which caused a bitcoin slump too.

[bearexin]

Right now I think it is losing its power, it all started out as something that would affect crypto and the prices went down and we have seen as low as close to $3.5k bitcoins and that was what we have seen thus far, however right now we are seeing corona affect dying off.

Right now, price is going up back again which means people do not care about corona anymore. I mean they do of course care about it in the sense of not getting infected, many people are isolated at homes even if they do not have corona just because they do not want to go out and get infected but that is the health part of the discussion. They care about that but they do not care about the economical side of it anymore, they care in the sense that they think its undervaluing many things including bitcoin so they started to rebuy everything.

[LeGaulois]

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The price has been going up because the FED made an announcement to support the US economy with 800 trillion USD. Not because traders are not afraid anymore about coronavirus and don't care anymore. Follow the news to find a rational reason before speculate.

Bitcoin, gold, and S&P500 have climbed immediately after the press release

Bitcoin



S&P500



Gold



The virus has slapped most markets drastically, how a trader can don not care anymore about the pandemic killing thousands of people

[sweetbet]

I think that the Corona virus will definitely affect trading because people who have lost their jobs or are running low on cash will most likely need to withdraw their crypto to pay bills, which will naturally result in less crypto being traded.

[ufaiz50]

In my opinion, for the direct influence on the crypto market? I don't think that's it, we're in a decentral area. but to some extent, it affects bitcoin holders who can indirectly change the market to various destinations. many say that the crypto zone and the global economy are only a little touch and there is no reason to influence each other.

I think it's quite easy to find some discussion forums about health. But it is difficult to get a lot of people to notice what you want to express (ideas).