Cryptocurrency for Trading

[gabbie2010]

Lockdown had really opened up a lot of opportunities for many people to delve into cryptos related stuffs,  I believed staying at home had brought about the needed change in how many people viewed cryptocurrencies perhaps digging dip to learn more thus change their perspective or views of some people equating cryptos as scam.
While many had started viewing cryptos as way of earning decent income if properly utilized, by trading it or simply by hodling it for a period of time to make profits no wonder a lot of crypto projects had began to spring up lately e.g DeFis gambling sites e.t.c, I hope the tend continue to linger on for a long time.

[chanler]

The existence of the covid epidemic and making many countries lockdown, has a very big impact on economic growth. However, Crypto is able to prove that crypto can survive amid a pandemic. Because of this, many people become more and more convinced about crypto, and eventually join and invest in crypto.

[wanted sliter]

Passive income cryptocurrency is a game. Take a look at YFI, when the project's tokens are fully mined, they will leave and look for another project. Kimchi, sushi, hotdog ... all follow the above rule, short term profit comes first. Those who join first will benefit first and exit early, those who come late will lose money because of discounts or selling. We need to accept the truth, I don't mean Ponzi, that's what's happening.

[dhondiet]

Hope that lockdown won't last long. Yet, there are still some good chances for trading.

[Serious475]

Cryptocurrency becomes more popular because of this pandemic, most of the people become temporarily unemployed and for them to still make money they can try cryptocurrency to have extra income or source of your income, just like me, it makes me more focused on cryptocurrency when this pandemic started, it really gives me time to be more active in this forum.

Even though the stocks are not crashed, I will still choose crypto because it has a good and safe transaction, as well as the earnings.

[Assface16678]

Certainly, the people are making an investment with the use of cryptocurrency because they know how volatile this market, and many some point there is a lot of investments and investors encourage them to make a trade on different coins.

Of course, different coins have different volatility.
In cryptocurrency, we have the
Stable coin
Volatile coins

The stable coins sometimes this is usually used with the people who want to keep their coins at the same price as the USDT.

The volatile coins are the coin that is commonly used for trading because they can possibly make an earning with the uptrend and downtrend movement.

Unlike the fiat currency, the cryptocurrency are one of the volatile markets.

[kryptqnick]

The lockdown has helped with the growth of cryptomarket in large scale. This too is experienced in my home state capital. Compared to the past the lockdown months have got a massive increase in the usage of cryptocurrencies on trading. It is true to see most of the tech people around the age of 25 getting into cryptocurrency usage. Particularly most are into trading to make some passive earning as tech giants have come up with big pay cut.

Another important reason for the same is the stocks which weren't that supportive to make some passive income. During the lockdown even the stocks crashed, only the cryptocurrency market stood strong. With the lockdown the city has topped third position in terms of cryptocurrency users and trading volume. Probably this widespread could've happened in the global market too.

Source : timesofindia

People focusing on trading as a purpose of Bitcoin is not necessarily a good thing. It's better than no new adoption, of course, but IMO worse than if people used it more as money, just like it was supposed to be used. Moreover, what I marked in bold is probably an overstatement for a simple reason: there would be way more Bitcoin wallets and Bitcoin users than there are right now. We're still a tiny minority, after all the media coverage and public support of some famous people. It's important to remember that here, on Bitcointalk, we're actually in a small bubble. And our friends are also not representative of the society.

[Nhor1011]

It's not easy to trade specially if you don't have knowledge about it but, Cryptocurrency become a method use by many people to earn during lockdowns. This pandemic made way for more people to know and learn about it. It become a source of income during hard times of pandemic.  And hoping that it will continue to attract users and investors even after this covid 19.

[Blackrain13]

Trading cryptocurrency is not just earning profit because for me it was also entertaining especially during lockdowns. That's why I'm not even surprised why many people engage in trading while stay at home because of pandemic.

[maxreish]

I think what he meant was these pandemic helps cryptocurrency be known by more individuals. Additional percentage of crypto trading were achieved and more people considered trading as one of the passive income that they shall rely on which is actually wrong thinking.

Actually, some who were affected by this situation turned their attention and adopt crypto trading as a job at home. But it's not easy and it's not always the winning trading. And, we can not consider it as a passive income.

[retalids]

as for me, defi tokens are very promising for trading. I have a good experience to trade with UNI token, and now cheking other defi-s

[carter34]

The existence of the covid epidemic and making many countries lockdown, has a very big impact on economic growth. However, Crypto is able to prove that crypto can survive amid a pandemic. Because of this, many people become more and more convinced about crypto, and eventually join and invest in crypto.

This can be known as maybe an advantage that the covid-19 brought to the cryptocurrency. The experience that it has made the cryptocurrency more useful to people this time for payment transaction.

[ShowOff]

Lockdown has helped many people learn something new, including cryptocurrency. I don't think people will come to crypto just because of the lockdown, but most of them come because of friends' calls, getting information in the media and so on. About the increase in crypto prices during the lockdown I think as the reason for the collapse of the stock market and some stock investor turned to crypto and started investing there. When a lot of fresh money enters the crypto market, the high demand will drive the price up.

In this condition, investor will naturally consider crypto as their investment instrument and benefit from it. The more large investors who believe in crypto (especially bitcoin), the better. I am not active as a trader at the moment because my capital is not good enough, but we can still take advantage of the fluctuations to get a little profit.

[Drahzar]

as for me, defi tokens are very promising for trading. I have a good experience to trade with UNI token, and now cheking other defi-s

agree, uni is one of the best for trading now. but what's the best platform for its trading for you ?

[chaser15]

Another important reason for the same is the stocks which weren't that supportive to make some passive income. During the lockdown even the stocks crashed, only the cryptocurrency market stood strong.

On another hand, crypto doesn't give you a passive income too on the lockdown period. It's like seeing your portfolio rises in the usual and common days.

Don't also treat this trading as passive income. You have to work for it properly to earn.

And didn't you know that the majority of stocks crash is a good opportunity for those who want to get in? It's a good time to put money on those as we might don't see it happening again unless there's a pandemic virus 3.0 again that will contain the world.

[Shasha80]

In a situation like now, where all countries are experiencing an economic crisis. We all need a solution in order to make money,
and I think crypto trading is a great way to be able to make money in a situation like now. After all, crypto trading doesn't require
a lot of capital to get started. So I believe everyone can trade crypto. As we all know that many countries have implemented a lockdown,
making us have to work from home. This makes us have to think creatively to be able to make money from home. And usually the best
solution is to use an internet connection, and crypto is the solution. We can trade using cryptocurrency to make money.

[hulla]

In a situation like now, where all countries are experiencing an economic crisis. We all need a solution in order to make money,
and I think crypto trading is a great way to be able to make money in a situation like now. After all, crypto trading doesn't require
a lot of capital to get started. So I believe everyone can trade crypto. As we all know that many countries have implemented a lockdown,
making us have to work from home. This makes us have to think creatively to be able to make money from home. And usually the best
solution is to use an internet connection, and crypto is the solution. We can trade using cryptocurrency to make money.

You make a point cause crypto trading can be use as another option to make passive or alternative income at the comfort of home suring this economic crisis but to say it right cryptocurrency (Bitcoin) itself was introduced as an alternative currency to make people to be financial freedom during economic meltdown not only crypto trading. However, crypto trading cant be the best option for native traders.

[bitzizzix]

There is no denying that during this pandemic and in a situation of lockdown there has been an increase in the number of cryptocurrency users and what I experienced in the location where I live a lot of people around are involved in cryptocurrency and they are still new, this is why Cryptocurrency can help alleviate or meet their needs during a pandemic in many ways.
and there are some who do short-term or daily trading and some work or open services or participate in any way to make money from cryptocurrencies, and in my opinion what they do is based on prior knowledge and understanding because in a pandemic situation they will do that carefully.

[worldofcoins]

Lockdown had really opened up a lot of opportunities for many people to delve into cryptos related stuffs,  I believed staying at home had brought about the needed change in how many people viewed cryptocurrencies perhaps digging dip to learn more thus change their perspective or views of some people equating cryptos as scam.
While many had started viewing cryptos as way of earning decent income if properly utilized, by trading it or simply by hodling it for a period of time to make profits no wonder a lot of crypto projects had began to spring up lately e.g DeFis gambling sites e.t.c, I hope the tend continue to linger on for a long time.

I concur with you. There's zero chance of placing your all-cash into stock. I lose heaps of cash by putting resources into stock it can never be considered a pas.
Stocks got smashed much time during the lockdown and loads of individuals lost their cash as well.
The majority of them move to bitcoins exchange and that is the motivation behind why the crypto market get the enormous scope

[piebeyb]

in the way I do to survive now is trading and getting profit in it, seeing the lockdown that hasn't ended in my country, they ask to work at home, at least I can be a crypto trader while working at home, even though I know it has risks. big in it, there is no other way to get money from home other than being a trader