Is it true that Corona Virus may effect trading?

[rodskee]

In general, COVID-19 does not have much influence on this market and until now, the crypto market has remained stable during this period. I think people are too scared when it comes to this disease and if there is a vaccine then the situation will become more positive. Of course, it will take a lot of time, and we are not sure anything when investing, so it is best to sit still instead of choosing to invest in this period.

If you are unsure then it's much better to keep your money and observe more, don't take any steps if you are
not sure, this pandemic virus are affecting people both physically and mentally.

I do think that this is the best time to invest because most prices are experiencing dip and I think that is an opportunity for many to purchase stocks or sometimes crypto at a lower price.

Everything will depends from how you percept the future, there's always opportunities if you know and understand
how to handle every single risk that you might experienced.

[slapper]

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.

I agree and I believe the price that dropped recently after corona was dominating had something to do with covid-19 too because people were feeling like the world has come to an end and there was panic all around. In fact, I heard a lot of miners stopped and such rumors were imminent.

I believe the crypto trading is eventually not influenced too much though because there were positive and negative both type of trades, while some wanted to sell their coins to liquid their situation and get some money rolling in times of no jobs and scarcity while at the other hand there were guys who saved much more money by cutting out on their spending so they were positive and buy bitcoins and hence I believe eventually it was just neutral overall talking of the impact of pandemic on trading for crypto.

In general, COVID-19 does not have much influence on this market and until now, the crypto market has remained stable during this period. I think people are too scared when it comes to this disease and if there is a vaccine then the situation will become more positive. Of course, it will take a lot of time, and we are not sure anything when investing, so it is best to sit still instead of choosing to invest in this period.

I believe that you dont even have time to watch the chart. In the past 4 months, COVID-19 has a lot of impacts on international trade, including cryptocurrency. Bitcoin dropped below $4000 in March and Oil was less than 5$/can. There are many many people who lost their money during that moment. Dont say something you dont even know about it or you dont even have the time to make a research on it. This pandemic is truly a nightmare to all of us and no one and no market can escape from its shadow

If you want to have more knowledge, read newspaper daily and watch bloomberg instead of boasting around on the Forum

[Latviand]

The effect of coronavirus on trade is really already felt.

How? Can you explain to us? Because i don't see any relation right now between trading and the Covid-19. Maybe the economy is a basis for some people to perform trading but it doesn't directly affect it.
The economy is surely a huge factor because it is the basis of the market situation whether it is good to perform a trade or not.

The effect of Covid-19 in terms of market and the economy is really can be felt right now due to the stock markets that are crashing.
These factors can really affect the price of cryptocurrency that you are going to trade but that's not that serious that it will bring huge drop in its price.

[mithun303]

At the present time, it will be a little difficult for newbie to enter the trading market due to this Corona virus. Because everyone financial situation is very bad at this time, it is very difficult for them to invest in the trading market.

I dont think old traders will have any problem at this time because they are already investing. For those who have family problem in this situation, if they withdraw money from trade market and if the people want to come again  it will be a little problem for them.

[Mrengage]

The effect of coronavirus on trade is really already felt.

It has already took place, all what we are after now is for everything to come back normal but the hint of it all is that this pandemic will still be here for a long time.

[MCobian]

I do not feel the effects of the corona virus on crypto trading, because there is no connection between the corona virus and the world of trading.
If you don't believe, please doing your own research, pay attention to the movement of the crypto market before the corona virus occurs and after
the corona virus. There were no significant changes, so I as a trader even though quarantine was not a problem because crypto traders did work
at home. No need to move outside the home, to trade crypto only requires a mobile phone and the internet.

[dragon695]

I do not feel the effects of the corona virus on crypto trading, because there is no connection between the corona virus and the world of trading.
If you don't believe, please doing your own research, pay attention to the movement of the crypto market before the corona virus occurs and after
the corona virus. There were no significant changes, so I as a trader even though quarantine was not a problem because crypto traders did work
at home. No need to move outside the home, to trade crypto only requires a mobile phone and the internet.

I'm sorry but I have to say that I disagree with your idea! First of all, the cryptocurrency market is one of those economic markets in the world. When the pandemic appears, every single market has to be affected. The global pandemic affects to different markets in different ways. However, our crypto market still suffers from it! The reason is not about where traders work, the value of coins are affected by many external and internal factors!

[Aaroenz0r]

The effect of coronavirus on trade is really already felt.

How? Can you explain to us? Because i don't see any relation right now between trading and the Covid-19. Maybe the economy is a basis for some people to perform trading but it doesn't directly affect it.
The economy is surely a huge factor because it is the basis of the market situation whether it is good to perform a trade or not.

The effect of Covid-19 in terms of market and the economy is really can be felt right now due to the stock markets that are crashing.
These factors can really affect the price of cryptocurrency that you are going to trade but that's not that serious that it will bring huge drop in its price.

Agree! Coronavirus creates less effects on the cryptocurrency market than other markets especially the stock market. However, it isn't true to say the pandemic doesn't affect the cryptocurrency market at all. Negatively, the pandemic affects somehow in the decreasing of a lot of coins. Positively, the pandemic and stay-at-home order worldwhile creates a opportunity for many people to explore the cryptocurrency world!

[thesmallgod]

We have seen that the covid19 effect on trading is both positive and negative. During the beginning of covid19, there were panic sells which drives the price down but with time the price recovered and there has been upsurge in price particularly when the government release funds to the citizens to mitigate the effect of the virus on the standard of living. This was later reported on coinbase as the numbers of people that bought bitcoin during the process increase

[BobBct]

Well if you look at it, Then yes. It does affect the market. Why? because of people finding new ways on earning money at home while on quarantined. So they stumble over Cryptocurrencies which is an ideal investment if you are just at home finding something to earn money.

[Shallow]

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.

Cryptocurrency trading is another aspect of the crypto space in addition to investing and/or IEO scenarios; therefore I can say that since the pandemic affected the crypto space there is no way it won't affect trading because some of the deciding attributes in the crypto space is news which most times brings fear and panic, therefore since these were instilled during the height of the pandemic it affected everything. But nowadays, people are gradually moving on while finding more reasons to continue in their different endeavours which will help sustain them. Talking about your idea, is it crypto related or what? Either way, if you believe it can help, then continue working on it.

[bitbunnny]

That theory it's hard to support because actually no one is making exact analysis how pandemic affected trading and cryptocurrencies. At least I haven't come on anything like that. There are many studies and estimations how pandemic affected economies but no one is dealing with crypto market and that is not the only case where we lack figures and studies.
So, I guess everything depends on our own impression and assesment. I would say that there is kind of impact of pandemic on cryptocurrencies trading but it's really hard to define its nature.

[DoublerHunter]

We have seen that the covid19 effect on trading is both positive and negative. During the beginning of covid19, there were panic sells which drives the price down but with time the price recovered and there has been upsurge in price particularly when the government release funds to the citizens to mitigate the effect of the virus on the standard of living. This was later reported on coinbase as the numbers of people that bought bitcoin during the process increase

^ Probably there is but only a small part that has an effect if we noticed that bitcoin price continued rising up despite the COVID 19.
But that correct, that was remain theory because we don't see any support that they really have a correlation between trading and the COVID 19. So probably that was a coincidence of dropping the price because as we see we don't have to feel too much downtrend during the first week of COVID 19, there is a small correction but it was resisted after few days.

[davidroux]

Well if you look at it, Then yes. It does affect the market. Why? because of people finding new ways on earning money at home while on quarantined. So they stumble over Cryptocurrencies which is an ideal investment if you are just at home finding something to earn money.

I agree with you. Everyone at home will spend more time researching the crypto market, and I'm sure this is a good time to invest in this market. I was also heavily influenced by Covid-19, and my current job is being paused, making me feel very depressed. However, things have been favorable for me when trading in this market and until now, I have made more than 300% profit after only three months.

[Blue_oxen]

We have seen that the covid19 effect on trading is both positive and negative. During the beginning of covid19, there were panic sells which drives the price down but with time the price recovered and there has been upsurge in price particularly when the government release funds to the citizens to mitigate the effect of the virus on the standard of living. This was later reported on coinbase as the numbers of people that bought bitcoin during the process increase

True! Coronavirus brings both positive and negative effects on the cryptocurrency market. I can't stand watching people say that our market isn't affected by the global pandemic. That's ridiculous. There's no market can get rid of these effects from the global economy. Everything is connected in some ways. Obviously, our cryptocurrency market is not being affected as much as other markets but it doesn't mean there's none!

[Vitalicus]

I agree with you. Everyone at home will spend more time researching the crypto market, and I'm sure this is a good time to invest in this market. I was also heavily influenced by Covid-19, and my current job is being paused, making me feel very depressed. However, things have been favorable for me when trading in this market and until now, I have made more than 300% profit after only three months.

Ooh! That's an impressive amount of profit! Congratulations dude! You're right that trading based on short-term profit like daily trading is suitable for the market situation right now. However, we need to be aware of other unpredictable consequences when investing and trading at this point of time. Even though the market is recovering, it still contains a lot of risks!

[Dhoe]

True! Coronavirus brings both positive and negative effects on the cryptocurrency market. I can't stand watching people say that our market isn't affected by the global pandemic. That's ridiculous. There's no market can get rid of these effects from the global economy. Everything is connected in some ways. Obviously, our cryptocurrency market is not being affected as much as other markets but it doesn't mean there's none!

Can you give an example what negative effects the Corona virus on the Crypto market? I think it just gives a positive side to the Crypto market. Because people start to stay at home so that makes them bored and confused about how to make money, so they learn Crypto trading or learn various knowledge about Crypto world.

[lienfaye]

Well if you look at it, Then yes. It does affect the market. Why? because of people finding new ways on earning money at home while on quarantined. So they stumble over Cryptocurrencies which is an ideal investment if you are just at home finding something to earn money.

Thats true, when people are looking for opportunity to earn online crypto is one the option that might interest them. So if they engage themselves in crypto and start investing that will reflect to the market. The virus doesnt have direct impact to trading, it will only reflect to the decision that we made when we sell or buy if ever we need to cash out to buy necessities or invest for future purposes.

[btc78]

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 already does mate,the next day after posting this thread?the market fell badly and decreased more than %50 the baddest day we have for couple of years after.

But it is good to see that after few days we have recovered and make a full up to 10k$ level again(but of course did not stay longer then)
But yeah Corona Virus really made really bad in everything in this world,not only for Crypto but in world economy.

[Zackgeno96]

True! Coronavirus brings both positive and negative effects on the cryptocurrency market. I can't stand watching people say that our market isn't affected by the global pandemic. That's ridiculous. There's no market can get rid of these effects from the global economy. Everything is connected in some ways. Obviously, our cryptocurrency market is not being affected as much as other markets but it doesn't mean there's none!

Can you give an example what negative effects the Corona virus on the Crypto market? I think it just gives a positive side to the Crypto market. Because people start to stay at home so that makes them bored and confused about how to make money, so they learn Crypto trading or learn various knowledge about Crypto world.

You are right, Corona Virus makes many working people stay at home and they are in a confusing state whether how to make money. Crypto market is another source of income and risk with the cryptocurrency is also the same, people who have knowledge towards trading will make a profit through trading.

I was thinking that the Corona virus may lead to decline in the daily trading volume of bitcoin, but your opinion sounds more logical and now I think that there will be an overall increase in trading volume of bitcoin. Also the number of people signing up for trading courses will also increase exponentially because they will try to increase their knowledge and if people related to wall street also start to seek interest in bitcoin then it can also help in pumping up the price of bitcoin.