Trading in the pandemic

[CryptocurencyKing]

The market as at now.

Cryptocurrency trading is largely based on history with activities repeating itself every now and then with traders who are able to analyze correctly seem to always win the day. In the first and early phase of the coronavirus pandemic, a lot of trading activities dropped, causing a rather significant change in price of which seemed threatening and logical to watch out for in light of the resurfacing of the pandemic for a second time. This has left most traders in disarray as they tend to exchange their coins for stable coins and also withdraw from the market.
But then, this is most likely and should not be the case as the first phase of the pandemic met a world with zero preparation or anticipation for that level of damage, causing a drop in drastically all economies in contrast to now when, all is in plan to tackle it at its best and reduce damage to a minimum. Therefore, the market though might encounter a little bumpy road, is bound to run smoothly in no time.

In other to keep this simple, I'll refer you to a topic I posted in biginners and help to help biginners and traders better understand how to keep an eye on the market to make the most out of it.
Post URL: https://bitcointalk.org/index.php?topic=5280759.0
And I really hope that it helps.

[1715298618]

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[bitgolden]

There is no way to know what will happen in the future but obviously we are going to do better. This virus can't just kill everyone in the entire world, we will not allow that, if things got even worse we would basically just have martial law type of strict survival situations and humanity would have fixed itself.

The only reason why this has even gone thus far is economy, normally it wouldn't have taken this long to recover neither, but the financial numbers looked horrible so there were tons of countries around the world that allowed this to continue which is why we are not doing that well, if everyone closed borders and lockdown was global and nobody went out unless they need to, we would have fixed this in few months at most , but economy needed us and we needed money so everyone went back to work.

[Gozie51]

The market as at now.

Cryptocurrency trading is largely based on history with activities repeating itself every now and then with traders who are able to analyze correctly seem to always win the day. In the first and early phase of the coronavirus pandemic, a lot of trading activities dropped, causing a rather significant change in price of which seemed threatening and logical to watch out for in light of the resurfacing of the pandemic for a second time. This has left most traders in disarray as they tend to exchange their coins for ...

As to the history issue, I think cryptocurrency daily trade has got no history to refer or look upon for repeated occurrence. Except for buying a certain coin when it drops to hodl and resell when price starts increasing. But apart this buying low and selling after sometime, I really don't see a history. It is not clear at the main what controls the cryptocurrency market, so I can not trace such to history. In trading, history is what you look at to take an order decision like forex trade but I don't see that exactly with cryptocurrency.

[hulla]

The market as at now.

Cryptocurrency trading is largely based on history with activities repeating itself every now and then with traders who are able to analyze correctly seem to always win the day. In the first and early phase of the coronavirus pandemic, a lot of trading activities dropped, causing a rather significant change in price of which seemed threatening and logical to watch out for in light of the resurfacing of the pandemic for a second time. This has left most traders in disarray as they tend to exchange their coins for ...

As to the history issue, I think cryptocurrency daily trade has got no history to refer or look upon for repeated occurrence. Except for buying a certain coin when it drops to hodl and resell when price starts increasing.

Cryptocurrency trading is more than just buying low, hodl and sell high or moving coins from one exchange to another. However, history activities does repeat itself which the reason why some experience traders expand their market examination by using both fundamental and technical analysis.

But apart this buying low and selling after sometime, I really don't see a history. It is not clear at the main what controls the cryptocurrency market, so I can not trace such to history.

Check all the price history of Bitcoin from the beginning and what usually happen when the market experience huge traffic or increase in mining difficulty, you will see that the price of Bitcoin will pump.

In trading, history is what you look at to take an order decision like forex trade but I don't see that exactly with cryptocurrency.

The samething happen in cryptocurrency but not everytime and thats because of the volatility of crypto.

[so98nn]

The market as at now.

Cryptocurrency trading is largely based on history with activities repeating itself every now and then with traders who are able to analyze correctly seem to always win the day. In the first and early phase of the coronavirus pandemic, a lot of trading activities dropped, causing a rather significant change in price of which seemed threatening and logical to watch out for in light of the resurfacing of the pandemic for a second time. This has left most traders in disarray as they tend to exchange their coins for stable coins and also withdraw from the market.
[...]

That is good point here. Not only the crypto currencies but many assets like commodities, stocks, metals and shares has got affected with this pandemic. Seriously we have seen two types of effects here, I mean I have seen shares tearing apart while metal like Gold risen in it's value crazy high!!

Surely it is most weirdest year ever for any kind of investment. I mean whether they are from the crypto space or from the real currency trading platforms. All of them suffered equally. However, let us not forget crypto currencies are still holding up pretty nicely here when rest of the economy is going down. It's strong pillar of investment right now.

[Oceat]

However, trading of crypto currency is not affected by this pandemic although most of the economy in all countries are a bit sideways due to the sudden lockdown to avoid spreading the virus. But I'm surprised when Trump tweet about both with his wife had the Corona virus and that's just suddenly plummet the market thus I conclude that he has some connections to the stocks and crypto market.

Anyway, this pandemic is taking too long since most of the scientist around the world aren't done making the vaccine that could stop from spreading the virus. That's why it can't be helped since the more we exposed ourselves outside the more likely we'll get the virus although safety precautions have handed around the world to minimize from spreading.

[Johnyz]

The market as at now.

Cryptocurrency trading is largely based on history with activities repeating itself every now and then with traders who are able to analyze correctly seem to always win the day. In the first and early phase of the coronavirus pandemic, a lot of trading activities dropped, causing a rather significant change in price of which seemed threatening and logical to watch out for in light of the resurfacing of the pandemic for a second time. This has left most traders in disarray as they tend to exchange their coins for stable coins and also withdraw from the market.
[...]

That is good point here. Not only the crypto currencies but many assets like commodities, stocks, metals and shares has got affected with this pandemic. Seriously we have seen two types of effects here, I mean I have seen shares tearing apart while metal like Gold risen in it's value crazy high!!

Surely it is most weirdest year ever for any kind of investment. I mean whether they are from the crypto space or from the real currency trading platforms. All of them suffered equally. However, let us not forget crypto currencies are still holding up pretty nicely here when rest of the economy is going down. It's strong pillar of investment right now.

Trading Cryptocurrency during pandemic is still profitable because we didn’t dump that much, my only problem is that I have to cash out some of my holdings so I can support my daily needs and this is why I missed many opportunities during the pump and dump trend. Those who have extra enjoys that moment but those who are suffering financially because of pandemic, they have to liquidate their assets. Trading can help us, good result will come in the market and we will rise again.

[nelson4lov]

Despite the pandemic since the beginning of the year, 2020 hasn't been all bad and no good. I mean, we saw the market turnmoil in march but it was immediately followed by a market recovery. The only problem right now, is the fact that most small to medium sized traders had to cut some of their funds abd dedicate them to their real life walfare since the pandemic started.

Overall,  the crypto market looks healthy even in the face of tge ongoing better. It's safe to say that the crypto market is outperforming other markets.

[batang_bitcoin]

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

[Hippocrypto]

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

Trading will continue to prosper as many people make it as a source of profit, but sometimes frustrations tend to happen. Market crash occured once fluctuations influenced many people and caused dumping of their holdings. Day traders and long term holders won't sustain for months, because as the beginning of the pandemic most popular coins declined a huge percentage of their trading volume.

[DoublerHunter]

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

^ Definitely right, trading is not an easy job, it requires skills and knowledge to perform the technical analysis upon predicting the market. But that does not give an accurate result, there are various factors bitcoin price varies, it will either on news or FOMO. So, that's not just easy as that.
Nevertheless, as far as I know, there are massive losses from newcomers who join in trading, they think that trading is a very easy way of earning money during the pandemic, but the fact that is not easy as that. During pandemic and lockdown, people start looking on the internet that could something they will earn money, but instead, it is opposite of what they expected.

[JeromeTash]

The market as at now.

Cryptocurrency trading is largely based on history with activities repeating itself every now and then with traders who are able to analyze correctly seem to always win the day.

It's easy to say this when you are not an active day trader. Trust me, once you are trading, that's when you realize how unpredictable the crypto market is. If it was that predictable, I mean by people following the historical prices then crypto trading would be the easiest way to get rich but Noooo! It's not what it looks like it is.

[Hemady17]

Does the market really affected by the pandemic? I think yes even we don't feel that much, the volume is slower compared to the past year in market. Actually, the stock market was affected as well as cryptocurrency or other assets. In fact, I thought it was a bullish when the September came but I think it was delayed because the people cannot react until now. They want to save their money so that they can buy their priorities such as foods.

However, this is also good opportunity to buy cryptocurrency right now. The fact that you bought low prices. The more you will take profits.

[Ryker1]

Well, the phenomenal increase in Crypto trading during COVID-19 pandemic because mots people was indoor and nothing to do and sometimes boredom strikes to them. According to this report of the articles ^{[ 1 & [ 2 ]}. There are approximately 75% people of the world’s population were staying indoors, it means they are lockdown. So, due to boredom, some of them thinking this was a good earning profit and it is increased drastically.

[maydna]

Does the market really affected by the pandemic? I think yes even we don't feel that much, the volume is slower compared to the past year in market. Actually, the stock market was affected as well as cryptocurrency or other assets. In fact, I thought it was a bullish when the September came but I think it was delayed because the people cannot react until now. They want to save their money so that they can buy their priorities such as foods.

However, this is also good opportunity to buy cryptocurrency right now. The fact that you bought low prices. The more you will take profits.

Yes, the market is affected by the pandemic, but we can feel good because the market can now move up and down many times, giving us a chance to make money. Trading in the pandemic can provide us with another opportunity to have another income source while many people lost their jobs out there, so we can still make money to buy our daily needs. Although it seems really hard to make money, I am still optimistic that we can profit, as long as we know when we must close the trade and take the profit. If you think it is hard to make a bigger profit, you can make a small profit, and if you can do that repeatedly, your profit will be bigger.

[FIFA worldcup]

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history. Probably the history is also being the basis of other traders and investors to buy if they see the significance of the present time and will start to compare it from the past. Do you have the source how big the drop for trading activities with the beginning of the pandemic? IIRC, the market dropped but trading didn't.

Trading will continue to prosper as many people make it as a source of profit, but sometimes frustrations tend to happen. Market crash occured once fluctuations influenced many people and caused dumping of their holdings. Day traders and long term holders won't sustain for months, because as the beginning of the pandemic most popular coins declined a huge percentage of their trading volume.

I usually stop trading when market is down or there is any bad news which can fundamentally effects the market. Its always risky to trade in bear market as most the times the coins will dump and hit the stop loss. Holding is a much better strategy in pandemic and situation of bad economic crash.

[Salauddin1994]

He emphasized the need for bilateral co-operation in overcoming the global economic crisis caused by the epidemic and the growing demand for investors. There was no effect on the trade but many people left the trade as everything was disrupted due to which the value of the currencies has come down a lot it is very difficult to predict the crypto trading market this is why holding is the best strategy to trade. It is less risky and it is possible to make a lot of profit if the price goes up.

[GreatArkansas]

If we are about to based from the history, we can see patterns and significance. But as for trading, the market is basing to the demand and not actually from the history.(.....)

Trading will continue to prosper as many people make it as a source of profit, but sometimes frustrations tend to happen. Market crash occured once fluctuations influenced many people and caused dumping of their holdings.
(....)

I usually stop trading when market is down or there is any bad news which can fundamentally effects the market. Its always risky to trade in bear market as most the times the coins will dump and hit the stop loss. Holding is a much better strategy in pandemic and situation of bad economic crash.

But you can still make money or gain profits even when the market is down or we are on the bear market. In some derivatime trading platform, you can do long trade (which normally people do "buy low, sell high") and short trade ("buy high, sell low"), where in short trade you can earn a profits when a trading pair is dumping. It's totally opposite of a long trade.

[AnonBitCoiner]

In the beginning the trade was collapsed with the pandemic situation.People lost their job,so they used all their holding assets for the living expenses.This collapse was get into some good phase now.People had start the trading with empty hand,so we can expect huge demand in the market.The price of major coin like bitcoin,will reach his maximum value soon.

[Slow death]

to be honest i'm not seeing a big negative influence of the pandemic on the bitcoin price, the pandemic is killing people and the economy, but bitcoin is showing that it is not suffering from this disaster that the pandemic is causing. To remember that even last year it was difficult for bitcoin to break the $12500 and whenever I tried to break the $12000 the bitcoin price dropped a lot and this scenario is repeating itself this year, now that the bitcoin price is at $11300 it will try to break the $12000 again and we'll see if you can do it or not! I was confident that with halving I would be able to end the year with at least US $14000, but this $12000 barrier is very strong and not easy to break. now the eyes are close to $11700 that if it is broken then it will try again to $12000, the ideal would be to stay above $12000 for a long time and then continue to rise, but it seems that many people are selling as soon as it reaches $12000, it seems that few people have hope that the price will rise more than $12000