Cryptocurrency for Trading

[Lizzie_Girl]

People are very bored and looking for money during the lockdown. So it makes sense and is understandable that there is so much trading going on. It is a good thing. At least crypto is still going strong while many other industries are still not back to work and hardly anyone is at full force because of the risks so earning from home has become the way to go.

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[MCobian]

I will not prohibit people from trading crypto for the purpose of earning a source of income, especially looking for a job in the real world
with a situation like now is very difficult. But it must be remembered, crypto trading is not as easy as we imagine. Not everyone can
successfully profit from crypto trading, in fact, there are many who experience losses when trading crypto. Because indeed crypto trading is
a high-risk activity, so it requires knowledge and ability to succeed in crypto trading. My advice for newbies in the world of crypto trading,
should hold Bitcoin much safer to do.

[lienfaye]

Its true that stock market crashed during lockdown but crypto market also experience such crash, the first quarter of this year and thats the time investors are panic selling. However crypto market managed to climb up again after few months and that might be because of new people engaging themselves in crypto hoping to earn while at home.

But we need to understand that crypto is not different to other field of investment it has risk and you cant generate passive income unless the market is in bullish status or you plan to hold for long period and sell in acceptable price.

[ethereumhunter]

If this pandemic can help cryptocurrency grow, that will be good news for us because that can attract more people to use cryptocurrency. If they know that cryptocurrency can be for trading, they will try to use it to make money from trading. But I hope that they can learn about trading before starting to have the basic lesson on trade. If they can learn before the trade, they will have a chance to make money, and if they can make money, they will have an income from trading.

As what I think everyone knows, cryptocurrencies can be traded on different exchanges. That reason also means that it has some value. Means you can convert them to fiat currencies of your choice. However, most crypto projects these days fails to attain the things that they promised

Not all can be successful and get some income from trading. Trading cryptocurrencies is not easy as you think.

Yes, you are right. We can only make money from trading if we have skills, but that will not guarantee to us to make money because there is many other that we need to learn to be a successful person in trading. And if we can trade crypto in the recommended exchanges, we can avoid the worst thing.

If this pandemic can help cryptocurrency grow, that will be good news for us because that can attract more people to use cryptocurrency. If they know that cryptocurrency can be for trading, they will try to use it to make money from trading. But I hope that they can learn about trading before starting to have the basic lesson on trade. If they can learn before the trade, they will have a chance to make money, and if they can make money, they will have an income from trading.

It seems like a few months since the pandemic there must have been an alternative way to earn money, of course cryptocurrency is the right place. Anything can be done from without funds to using funds to get money. Apart from trading crypto, there are actually many other ways, for example, if they have the ability to design creativity or creator content, they can follow the bounty project on this forum.

Cryptocurrency can be the right place to earn money, but unfortunately, not many people see this as a new opportunity. People out there still prefer to search for offline jobs because trading is challenging jobs, and they think that trading is not for them. Maybe people need to have a passion before digging deeper into cryptocurrency because they can use the crypto as their investment in the long term.

[matchi2011]

People are very bored and looking for money during the lockdown. So it makes sense and is understandable that there is so much trading going on. It is a good thing. At least crypto is still going strong while many other industries are still not back to work and hardly anyone is at full force because of the risks so earning from home has become the way to go.

For people who are not tired in finding ways to continue living and surviving from this pandemic, this venue of investment is one of the places where they found chance and opportunities.

You have to give credits to all crypto peps who are still encouraging people to seek for good ways, instead of giving up there's still venue where you can still get something decent if you focus learning the process.

[pinggoki]

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

And that is a good thing with the crypto market. It is decentralized. The value was based on demand and supply, unlike the stock market. And because of lockdown this really hit hard the stock market due to those companies who have no choice but to halt for the meantime. On the other hand, Crypto gained investors because there's a possibility that stock investors move on this market.

[Yatsan]

The lockdown that have been brought as the result of the pandemic do really take up an impact on both crypto and stock market. If we could remember, by the month of March when the wide spread of the virus have been all over the news, the price of cryptocurrencies all dropped down over night which means there is also an effect on the crypto market somehow for it took weeks or month before it have recovered. But on the other hand, stock market from the first up until now experiences the direct negative impact of the pandemic crashing the stocks pushing people to find alternatives which they seek to find cryptocurrencies due to belief that it can save their assets from continuous crashing in the stock market.

Earning profit in crypto is not really that passive for you must work into something to make yourself profitable. You do still need to exert time, effort and patience to be able to earn your income in here which is basically not a passive one. Doing nothing will not guarantee you to earn income but working into something will do.

[dunfida]

The lockdown that have been brought as the result of the pandemic do really take up an impact on both crypto and stock market. If we could remember, by the month of March when the wide spread of the virus have been all over the news, the price of cryptocurrencies all dropped down over night which means there is also an effect on the crypto market somehow for it took weeks or month before it have recovered. But on the other hand, stock market from the first up until now experiences the direct negative impact of the pandemic crashing the stocks pushing people to find alternatives which they seek to find cryptocurrencies due to belief that it can save their assets from continuous crashing in the stock market.

Earning profit in crypto is not really that passive for you must work into something to make yourself profitable. You do still need to exert time, effort and patience to be able to earn your income in here which is basically not a passive one. Doing nothing will not guarantee you to earn income but working into something will do.

Common mistake by some people is that they do really believe that Crypto is a safe haven when it comes to their investment without even knowing or realizing on whats the risk behind it.When it comes on comparing with other markets then its clear as day on what are the differences and also about volatility or sentiment effects then we cant point out if this pandemic did really make affect in crypto or not but it seems on my part it didnt
really give out much serious impact.Yes, we did plunged but not really too deep since the price had clinged up and recovered in a short span of time on where on stocks and forex which opposite things do happen
or do still remain.Trading does mean on actively get engage with moving prices and it is indeed needing some effort and time for you to sustain somehow.

[pankowri]

Cryptocurrency trading is for them who knows about it. In short, people thought that trading is a very easy task and he or she will improve but they can not improve later. Because maximum don't have the proper knowledge about it and they can not research the market data. Without knowing you can't do much better in this field. So if you want to make a profit from trading, you must know. It is not a passive income rather than you have to give time and you should continuously check the market data.

[tanjiran]

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Earning profit in crypto is not really that passive for you must work into something to make yourself profitable. You do still need to exert time, effort and patience to be able to earn your income in here which is basically not a passive one. Doing nothing will not guarantee you to earn income but working into something will do.

When work in the real world became more difficult due to the effects of the pandemic, some of my friends and family came and wanted to learn about crypto and trading. I said that the crypto world is also experiencing difficulties, many unexpected things can mess up the market, if you are not ready for all the risks you will lose a lot of funds. Moreover, the goal is to get money quickly and instantaneously to meet needs, I think it is better for the existing capital to be used for other businesses that are already mastered and understood, rather than being determined to join the crypto world.

[Lucax.finance]

Hello, good morning friend, well if cryptocurrencies offer a lot of benefits first with fluctuations in the market, that is, if you buy, let's say, TRX at 0.1USD and then save it and sell it when it has a value of 0.3USD, you made a profit, now there is other cryptocurrencies that earn you interest through POS mining so there are many ways to generate income, regards

[budi691]

I think with the lockdown of people turning to cryptocurrency and making a lot of money, they think by trading cryptocurrency they will easily earn money in this pandemic era.

[Drahzar]

i don't think that lockdown impacted on cryptotrading a lot... on crypto market in general yes, but trading strategies/issues are still the same and actual... just defi investment have grown a lot

[taufik0911]

i don't think that lockdown impacted on cryptotrading a lot... on crypto market in general yes, but trading strategies/issues are still the same and actual... just defi investment have grown a lot

lockdown has a big effect on the volume of a rapidly growing market, trading strategies are different views it is the decision of each individual and also does not relate to the effects of lockdowns
During the lockdown, of course, many people are looking for additional income to meet their needs, one way is to enter cryptocurrency and make an increase in volume

[imstillthebest]

i don't think that lockdown impacted on cryptotrading a lot... on crypto market in general yes, but trading strategies/issues are still the same and actual... just defi investment have grown a lot

crypto trading and crypto market are the same and crypto trading consumed the most part of cryptocurrency . lockdown leads people to stay at home with no jobs and they look for it online and if the lucky they will get interested on crypto specifically in trading because trading  is the most profitable act here in crypto . Trading strats can varry and won't be the same if the trader will keep on learning . Defi is growing but that would be risky if they go for it although trading is also risky but it's the effort that matters here  .

[akash247]

My sincere greetings and congratulations to all, we all know the current situation in the world is bad. Corona has affected all sectors, the world economy is not much better. All of us who work on crypto currency platforms and are involved are aware of the current market situation.

However, today I will give you some information about the current state of the crypto currency market; this is my personal opinion from my experience.
The state of the crypto marketer is increasing day by day with huge amount of money being transacted. Because at this time people can only say that there is no income, so everyone has entered the crypto market for income, as well as its use in the crypto market has increased many times. Because everyone wants to make income, so now everyone has chosen the crypto market to make income online from home.

Currently cryptocurrency is in the third position in terms of users and business volume this expansion can probably build in the world market. And at the same time, the use of big platforms like Bitcoin Forum and Intense Market has increased thousands of times. I hope that the use of all platforms will continue in the future as well.

The way cryptocurrency usage is growing I think at some point everyone will give the cryptocurrency market the highest priority.
At the same time most of our platforms are helping us all with many kinds of services, information and facilities like sites like Bitcoin Forum. Really a shining star for our lives because everything we get is the right information through these forums so thanks to these platforms.

[Drahzar]

i don't think that lockdown impacted on cryptotrading a lot... on crypto market in general yes, but trading strategies/issues are still the same and actual... just defi investment have grown a lot

agree with you, truly to say i think in 2020 defi is one of the best blockchain/financial concept ... even now i'm looking for cool projects (mostly dex projects)

looks like reliable opinion. i can recommend u to check xsigma stablecoin dex - just launched, backed by a public company, so should be interesting for u

[Nellayar]

I don't see much sense in what you say. First of all, cryptos give you passive income if they go up in price and you sell.

Passive income often refers to the dividends you receive from a stock or the rental income you receive from your tenants. In a way, you can say that bitcoin (or stocks that don't pay dividens) give you passive income if they give you capital gains.

And then you say in the second paragraph that stocks weren't supportive to make passive income due to the Coronavirus crisis because they crashed but cryptos crashed as well. So, unless you explain yourself better, what you say no makes sense to me.

It is not running based upon your definition of passive income. For every rule, there is always an exception. Maybe, you think that when passive income it automatically your profits receive even you won't work. In this pandemic, many people lost their jobs. They can't anymore afford to buy foods and rent their homes for a few months. In my country, the government imposed a new rule that rental homes will not force tenants to pay rents. So how they will get income? As a landlord, it is also unethical and less empathy when you will force your tenants to pay rent even in this pandemic. You are a rude, if you are like that.

[sapnu]

The lockdown that have been brought as the result of the pandemic do really take up an impact on both crypto and stock market. If we could remember, by the month of March when the wide spread of the virus have been all over the news, the price of cryptocurrencies all dropped down over night which means there is also an effect on the crypto market somehow for it took weeks or month before it have recovered. But on the other hand, stock market from the first up until now experiences the direct negative impact of the pandemic crashing the stocks pushing people to find alternatives which they seek to find cryptocurrencies due to belief that it can save their assets from continuous crashing in the stock market.

Earning profit in crypto is not really that passive for you must work into something to make yourself profitable. You do still need to exert time, effort and patience to be able to earn your income in here which is basically not a passive one. Doing nothing will not guarantee you to earn income but working into something will do.

It is true that pandemic has an effect on the market but that also makes every people and even the investors invest on the market because their field jobs are not allowed so they are trying to still make their own money by investing in crypto, and also because of that, some people without knowledge are trying to invest in cryptocurrency without really gaining important information needed, that is why they are being scammed by other people or project and simplifying that cryptocurrency itself is a scam, which we all know that it is not true. Knowledge and understanding are important to gain profit. Be more aware and well-informed since this is digital money and doing some transaction online, once you have sent it, there's no turning back.

[crossabdd]

true, covid 19 has a huge effect on the world economy. of course the economy is in deficit. many active workers were laid off. so no income. but cryptos are helping a lot to restore their economy. from crypto, most of the workers get their income back. and can live life quietly even at home. so also in my country. especially in city. I personally don't panic too much during lockdown. because I can earn from crypto at home. so keep everyone safe. Crypto is especially helpful during a pandemic.