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Author Topic: Is it true that Corona Virus may effect trading?  (Read 1700 times)
Kasabus
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June 30, 2020, 03:34:19 PM
 #161

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.

Corona virus has opened doors for most of the people to learn about crypto and how it works. Yes, it has a big effect on the market but not directly on crypto trading. Good traders are still making profits from crypto market even if the price suddenly dump when they least expect it. But if this corona virus outbreak will still continue, there are still chances that crypto coins will now be affected and might increase or even decrease their value and traders might find hard time to make profits again.

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June 30, 2020, 06:26:16 PM
 #162

It is certainly true that bitcoin was affected by this corona virus, how could it not be? I mean the whole world and every single human has been affected, maybe not the ones who are doing scientific research on Antarctica was not affected by this but I am pretty sure even though they were safe from the virus itself, the impact of it has impacted them as well indirectly.

By this logic all humans on earth have been affected by corona virus, even if not the virus itself at least the causes of it. Which is why it is normal that crypto trading has been affected by corona virus and all the economical problems it has caused. I hope that people will move over and now that we are doing better financially (at least in price) we will continue this surge and go higher to a whole new level easier from now on out.



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June 30, 2020, 08:23:30 PM
 #163

For me, Technically it does not have any effect there is no connection between trading and this coronavirus. But it has some effects on some traders, we are in crisis, it concerns about financial stability. I know in some countries they are almost back to normal but in some countries, it is still hard no work no pay. Some traders prefer to use the fund for the expenses of their families than gamble it on trading with no assurance. But I have seen small exchanges are shutting down, maybe because they are only few traders and cannot compete with others so it is better to shut down anyways to reduce sh*t exchanges with fake volume.
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July 01, 2020, 12:40:25 PM
 #164

Yes the corona virus was really affecting the market but we can still trading as long you know how to make profit with the situation. For now the market is stabilizing so it is good to trade.
Market isn't stable at all in this time as bitcoins are changing a lot hands and a lot of accumulation is going on, bitcoin is preparing for its next move and most probably it will show us a bear market which will make people loose a lot of money if they won't trade with this mindset of a bear market and have a lot of longs open. I myself is having a few shorts still running from $10k price from the past week and I am hoping for the price to fall further in $8k range for an even greater profit.

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July 01, 2020, 04:06:06 PM
 #165

If you do have an idea for creating a vaccine, then you should look out for the right people. You can look for a way to reach out to the government in your country or those in charge of the health sector. You can then report to them and they will help you to work on a vaccine. Or maybe you can look for to reach out to other bigger organizations such as the World Health Organization (WHO), that’s if you’re very sure that what you have would work and help in the cure for Covid-19.

And as for affecting trading in cryptocurrency market, it doesn’t only affect cryptocurrencies in trading, every market is being affected. But, I’m happy that they have been able to recover after the heavy decline.

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July 01, 2020, 05:45:29 PM
 #166

I think, that yes. In a positive way. People who are in quarantine don't know what to do so they are trading. Or they are finding crypto Youtube channels so they are trying to invest in BTC or another crypto as ETH which had quite a good rise. But Bitcoin did well too, cause that fall to 6k USD rose only by 2 months to old prices.

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July 01, 2020, 06:09:32 PM
 #167

The entire cryptocurrency market has been affected already, the coronavirus pandemic has done much harm to the cryptocurrency than we thought. Many exchanges have been on the low in terms of their trading volumes compared to the era of pre-covid-19. Although, this has not just affected the digital currency but even the stock market was hit hard, we understand that, the cryptocurrency is a volatile asset and with the coronavirus the price was shrink in size.
Though, this is just for a short period of time, when the market regain itself again we all we smile.

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July 02, 2020, 03:41:50 AM
 #168

The effects of coronavirus pandemic have been observed in all types of trading. The onset of the coronavirus epidemic affected all trading markets and led to a sharp fall in prices. The effects of the coronavirus pandemic have also been observed in cryptocurrency markets, such as various stock and exchange markets. However, after the onset of the epidemic, the cryptocurrency market is now somewhat upward and stable. However, in some cases, trading volume and market volatility exist. So it is true that the effects of coronavirus have greatly affected trading.

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July 02, 2020, 07:20:31 PM
 #169

So you want to introduce a vaccine to cure Corona so that it won't affect trading.if you have the vaccine, it is another great opportunity not to only make it big but also to be known in many nations of the world,as you have solved the problem of affected countries. My take is, if you really have any help to offer, kindly help not only because of the trade it is affecting but also to safe the world. 
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July 02, 2020, 08:10:57 PM
 #170

So you want to introduce a vaccine to cure Corona so that it won't affect trading.if you have the vaccine, it is another great opportunity not to only make it big but also to be known in many nations of the world,as you have solved the problem of affected countries. My take is, if you really have any help to offer, kindly help not only because of the trade it is affecting but also to safe the world. 
opinions that really need to be supported during a pandemic like this, it is also imperative to think about solutions to overcome a pandemic that has taken up a lot of time, energy, thought and not a little money. as long as there are no drugs and vaccines then all will be devoted to the pandemic, because of rapid transmission and many countries have difficulty coping with the pandemic.

trade by itself will run smoothly again when the pandemic has finished. but as long as there is still a clear pandemic many transactions that are clearly disrupted cause trading to not move normally. how people do things but they themselves are filled with fear of transmission, obviously this is very disturbing.
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July 05, 2020, 11:15:33 AM
 #171

In fact, coronavirus did much harm to every country and undermined their economies, but nevertheless, most countries, and most importantly businessmen and people, managed to navigate in difficult times and found other options to support business and their lives, but the whole system worked a little differently. people went to work remotely, and also found other ways to buy food, things, and other goods in home isolation. The situation is the same with businessmen who complied with quarantine conditions, closed their enterprises and stores, but used online resources and delivery services to continue to work and trade their products. but if you pay attention to the stock market and the cryptocurrency market, then after a slight decline, everything began to return to normal. In my opinion, the situation will even improve, because due to many problems investors will look for alternative investment opportunities. besides, I cannot say that coronavirus harmed the cryptocurrency market.
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July 05, 2020, 08:50:33 PM
 #172

Guys we can stop talking about corona virus effecting trading because this is July now and even though corona is still out there, the trading world is back to what it was. The only time it was effecting anything was around late march and all of April, by middle of may it started to not really effect anything, not bitcoin, not altcoins, not gold, not stock market, not forex, not oil nothing. So at the end of the day it DID effected things, but right now I do not think it is effecting anything at all.

Definitely, you can make a case about how there are scientists who are saying that we couldn't find a cure which means we will still have a bigger impact later on with a second wave, but that is something that WILL happen according to them and not happening right now so we can't talk about today.
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July 09, 2020, 04:30:35 AM
 #173

In my own opinion I think that previously the trading development are trapped with more sequences and instantly have a problem before the corona virus attack.Because the yearly financial crisis booming are constantly propagating due to calamity together with climate changes and the investment impact has been suffering.SO I think we have to accept our digital way of life as traders as well we cannot force to prevent this as our individual history.
Since the arrival of COVID-19, all countries with developed economies have experienced a crisis and without the vaccine, the world will never be able to return to the way it was before. In my country, there are millions of unemployed people and I am one of them so I just hope this can end soon. During this time, I can only choose to trade in this market or participate in some bounty campaigns to earn more income.

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July 09, 2020, 04:42:25 AM
 #174

Since the arrival of COVID-19, all countries with developed economies have experienced a crisis and without the vaccine, the world will never be able to return to the way it was before. In my country, there are millions of unemployed people and I am one of them so I just hope this can end soon. During this time, I can only choose to trade in this market or participate in some bounty campaigns to earn more income.
This pandemic dont have direct effect on trading but it does affect the traders because some of us are struggling to survive during this trying times. We are relying on our other source of income to sustain our needs. If a trader lose his real job, he will count on his earnings here so his trading activities might become frequent depending on the status of the market.

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July 09, 2020, 02:19:09 PM
 #175

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.

What is the bottom line of your question dude? In fact, I don't see the connection of corona virus in crypto trading.
Because We are in digital technology in terms of virtual money. Therefore, my is that it don't have any effect in crypto trading
in regardless of corona virus, Good day Smiley
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July 09, 2020, 02:44:13 PM
 #176

I think, there is no connection with trading, because it is the most secure investment or trade, in trading,  there is no touch connected with crypto-currency. So i think, it should more investment than the other business.         

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July 10, 2020, 02:00:47 AM
 #177

Since the arrival of COVID-19, all countries with developed economies have experienced a crisis and without the vaccine, the world will never be able to return to the way it was before. In my country, there are millions of unemployed people and I am one of them so I just hope this can end soon. During this time, I can only choose to trade in this market or participate in some bounty campaigns to earn more income.
This pandemic dont have direct effect on trading but it does affect the traders because some of us are struggling to survive during this trying times. We are relying on our other source of income to sustain our needs. If a trader lose his real job, he will count on his earnings here so his trading activities might become frequent depending on the status of the market.
I think this pandemic has slowed everyone down and any decisions made during this time period have been carefully considered. I'm not sure when things will return to normal but surely COVID-19 will live with us for a very long time. Certainly, there will be a lot of people affected and if the psychology is not good, you will easily fail when trading here.
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July 10, 2020, 11:59:33 AM
 #178

What is the bottom line of your question dude? In fact, I don't see the connection of corona virus in crypto trading.
Because We are in digital technology in terms of virtual money. Therefore, my is that it don't have any effect in crypto trading
in regardless of corona virus, Good day Smiley

You're probably missing out then. Because the pandemic has affected almost every market (crypto market inclusive). It is currently hampering global economies. Even people who had savings in crypto tend to withdraw it in order to survive as there's no much jobs right now. There was a crypto market crash back in march this year, that crash was caused by people panicking over the pardon. Because bitcoin is still above  $9K doesn't mean it isn't affected by the coronavirus effects.

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July 10, 2020, 07:26:50 PM
 #179

It is not really trading, it is economy that was under attack. Think of a world (shouldn't be hard) where people never go to work, they are at home, many business closes, nobody makes money, everyone is out of a job, and you think bitcoin wouldn't be affected? People keep forgetting that bitcoin wasn't created so that you could make more money during crisis, it was created because after the crisis (this one and on all other previous ones) governments managed to give rich people tons of money while poor people got screwed, hence that is why I think bitcoin is valuable.

If you had bitcoin during this period, you made your money back to what it was, if you had dollars you got help from government while rich people got 10x more than you did (probably even more) hence bitcoin makes people equals even if they are poor or rich.

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July 11, 2020, 02:47:22 AM
 #180

Almost every country's economy is under threat thanks to the virus it's true that the coronavirus can affect trade and lots of countries around the world are on the verge of shutting down imports and exports. There are many crises within the garment sector including raw materials but the govt is trying to allocate more to the health sector When there's doubt about the assembly of products thanks to lack of staple traders need to take care of exporting it after production This is because the quantity of tourism and shopping is declining in China also because of the global corona spread.
The whole economy is still in a very difficult period and I think it will take several years for this economy to recover. In fact, Covid-19 upset the lives of so many people and all my previous plans were cancelled since the outbreak. However, the most interesting thing here is that the crypto market has not been affected much by this epidemic and this makes me very surprised because until now the crypto market has become better over the past few months.






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