Trading in the pandemic

[crzy]

Trading is not easy during this time and a lot more challenging especially on balancing our finances and pandemic forces many companies to stop their operations that affects many workers, and traders as well. Crypto trading is a lot more in a good position compare to the stock market so I think we are still making profit here and a lot of good bounties that is done during the pandemic, you can add that to your profit journal. The market is very volatile, this is not new to me and everything will recover, you have to be more strategic this time.

[beerlover]

If you are affected by the pandemic and your economy is not as well as it used to be, doing riskier investments like crypto doesn't make any sense, you should be able to make less changes and you should be able to keep the money you have in order to save your future, who would want to invest into something you could lose all your money to when you could potentially invest into something that is more liquid and could be smaller changes.

Let's assume there is a person who lost his job during pandemic, he has no more income but he has 100k, instead of investing all that to bitcoin, invest it into some saving accounts with decent return and it will not make you rich and you will spend that money eventually because you have no income but at least you will guarantee that money stays that way.

[CucakRowo]

-snip-

It would be nice if your post in Beginners and Help section as you shared in your thread, not just a rewrite from sourced article. It would be really good if you can share your own analysis about btc and eth movement.
not meant to disrespect your analysis thread in beginner and help section, but based on your thread that you have created before (lots of good threads i think). I think you have a capability to create you own analyze about btc and eth price.

[Gozie51]

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.

Going at the pace of the effect of the pandemic to other markets like especially stock, I will also agree to what you have said. Contrary to the feeling that covid-19 will kill the cryptocurrency market as people have less trust in it but it has performed very well with the leading cryptocurrency (bitcoin) making strong statement in the market now crossing $11,000. We can see better days for believers and hodlers.

[Rana590]

You're thinking about the traders and thank you for it. I think trading is one of the best way to make huge money. But we should more careful about trading and it's strategy. In this pandemic situation, trading can be a good way to grow money.

[Ryker1]

[snip]
It would be nice if your post in Beginners and Help section as you shared in your thread,

Well, I agree with this and it should be there on that board.
If you will hear my opinion, --it really is a part of the game though. In any case, not just in trading winners are the ones who are 10 steps away. The same goes for trading. However, the pandemic will have its end and health is still the best investment that we can give to ourselves.
If people were not able to win their assets, as long as their health is intact, I won't see any problem with it.

[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.

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 will not say that as many with the definition of the majority. It's a balance, many makes money and also many just ruins themselves for trading because they are ineffective and it causes more losses to them. At the end, they still remain but chooses a different path and that's to become a holder and that's making them more money with one time selling when the market is up and the situation is good. Both type of traders can sustain themselves, if it's not then we do no longer have day traders and holders during the bears.

[abel1337]

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 will not say that as many with the definition of the majority. It's a balance, many makes money and also many just ruins themselves for trading because they are ineffective and it causes more losses to them. At the end, they still remain but chooses a different path and that's to become a holder and that's making them more money with one time selling when the market is up and the situation is good. Both type of traders can sustain themselves, if it's not then we do no longer have day traders and holders during the bears.

Ofcourse in trading there's a winner and there's a loser we can't break that balance, It's just people should find out what kind of profit-making method is right for them. I know a few people who give up trading and just start hodling over this pandemic scene, They didn't lose hope in cryptocurrency but they choose to change ways in making a profit from it. It's just the timing of the pandemic that makes some traders find other ways because of the need for fiat and the dumps happened during this pandemic.

[Stedsm]

Ofcourse in trading there's a winner and there's a loser we can't break that balance, It's just people should find out what kind of profit-making method is right for them. I know a few people who give up trading and just start hodling over this pandemic scene, They didn't lose hope in cryptocurrency but they choose to change ways in making a profit from it. It's just the timing of the pandemic that makes some traders find other ways because of the need for fiat and the dumps happened during this pandemic.

Even after trading at your best, it's really impossible to know which way the markets will move after a big pandemic like Corona hits your place and there's nothing (like vaccine or injection) available that could save you from it. Nobody knew that this pandemic was coming, else they would have just welcomed the price declines of stocks and crypto with both hands open, while try to collect like beggars in the end. Many traders who traded a lot of coins during and after the pandemic share that they just listened to their instinct but were proven wrong by the time and lost too much.

[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.

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 will not say that as many with the definition of the majority. It's a balance, many makes money and also many just ruins themselves for trading because they are ineffective and it causes more losses to them. At the end, they still remain but chooses a different path and that's to become a holder and that's making them more money with one time selling when the market is up and the situation is good. Both type of traders can sustain themselves, if it's not then we do no longer have day traders and holders during the bears.

Ofcourse in trading there's a winner and there's a loser we can't break that balance, It's just people should find out what kind of profit-making method is right for them. I know a few people who give up trading and just start hodling over this pandemic scene, They didn't lose hope in cryptocurrency but they choose to change ways in making a profit from it. It's just the timing of the pandemic that makes some traders find other ways because of the need for fiat and the dumps happened during this pandemic.

Yes.
It's like looking what's best for you. Being a confident day trader or a long term holder. Day traders tend to have the most pressure in the market as they are chasing for everyday market.
While holders, get also a big pressure whenever the market goes side ways but it's very profitable in the long run.

[Renampun]

You're thinking about the traders and thank you for it. I think trading is one of the best way to make huge money. But we should more careful about trading and it's strategy. In this pandemic situation, trading can be a good way to grow money.

if you can take advantage of the moment then trading during this outbreak is very profitable...
Just imagine if you bought Bitcoin or Altcoins in March when the outbreak was at its peak and then sold the coins you bought at this time then you must have made a lot of profit. the point is to take advantage of the moment because trading during this outbreak is very profitable.

[Dsdaq]

Trading especially this time has a huge benefit because you know where the market is going from the first experience that occurred during the pandemic, but also one should always be careful because the market can change just in seconds. For me I take this pandemic as an opportunity.

[Oasisman]

For me I take this pandemic as an opportunity.

Well, it's indeed an opportunity during this dire situation.
People had enough time to read and learn the fundamentals of trading while being quarantined and deprived to come to their respective day jobs.
Learning how to trade as a means to support the loss of daily income that has been badly affected by the pandemic is a good initiative, but what I see as a wrong perspective from new crypto traders is they thought it's easy to make profit in this very volatile market. Thus, causing some of them to suffer a huge loss.

[Peanutswar]

There are a lot of people even pandemic are making trade and there are nothing changes with this because a trader uses the market volatile of the market if you are just a trader would like to make a huge amount of profit I think this is a good time because the market today are having a strange movement previous the market mark of the bitcoin comes into a 10.6k and right now there is another trend comes up into 11.4k unexpectedly.

Trading especially this time has a huge benefit because you know where the market is going from the first experience that occurred during the pandemic, but also one should always be careful because the market can change just in seconds. For me I take this pandemic as an opportunity.

Trading can be done at any point of time and yes before that one should be able to know and learn about trading. For a newbie directly trading could prove fatal because one can easily lose their money in quick time if do not have any experience or knowledge in it. So, learn the art of it and trade only with limited amount initially till one gain good knowledge and experience on it.

There is a lot of newbies who want to make trade too well they want to earn with other big-time traders this is a good idea right? but the problem is they want to become big earner at the same time so they are using different techniques like using a trading bot, making a trade at their own selves without having a prior knowledge by this they create a mistake and causes to lose their funds. Even we are giving them a lot of suggestion and opinions still they are urging to earn immediately.

[bitgolden]

There are a lot of people even pandemic are making trade and there are nothing changes with this because a trader uses the market volatile of the market if you are just a trader would like to make a huge amount of profit I think this is a good time because the market today are having a strange movement previous the market mark of the bitcoin comes into a 10.6k and right now there is another trend comes up into 11.4k unexpectedly.

There are people who are day traders and I agree with you on them, they do make trades on every single day, even on the worst day of 2008 crisis (was it like 14th or 15th of September) they still made a ton of trades because in the end you make a trade to make a profit, or at least lose less.

However there are traders who are less short term to even long term, for example someone who makes a trade couple times a week did get affected by the pandemic, people who bought for like 3-6-12 months and even longer than that got affected like crazy because it was such a fall that it made people scared plus a lot of them needed money because of pandemic and that caused them to cash out. There is really nothing they could have done since it was a whole global thing but at least we know there was difference between them.

[Yamifoud]

For me I take this pandemic as an opportunity.

Well, it's indeed an opportunity during this dire situation.
People had enough time to read and learn the fundamentals of trading while being quarantined and deprived to come to their respective day jobs.
Learning how to trade as a means to support the loss of daily income that has been badly affected by the pandemic is a good initiative, but what I see as a wrong perspective from new crypto traders is they thought it's easy to make profit in this very volatile market. Thus, causing some of them to suffer a huge loss.

It's a big lie saying that trading could be easy. I may not be saying that trading is the best opportunity at this time, this is only just another option to take for those who are willing to lose and those who want to spare their time in learning how to do this. I've to agree that trading could be profitable if you know how to play the market's volatility and have extraordinary knowledge in this. But if we don't have, well, that we need to face a big challenge in our life.

[ice098]

You're thinking about the traders and thank you for it. I think trading is one of the best way to make huge money. But we should more careful about trading and it's strategy. In this pandemic situation, trading can be a good way to grow money.

if you can take advantage of the moment then trading during this outbreak is very profitable...
Just imagine if you bought Bitcoin or Altcoins in March when the outbreak was at its peak and then sold the coins you bought at this time then you must have made a lot of profit. the point is to take advantage of the moment because trading during this outbreak is very profitable.

Its a good thing to know that even if we faced a pandemic today the market value of cryptocurrencies didn't seem any effect after all. And this a good time to take advantage to trade if and ever if you are already know how to trade properly that even if you loose make sure to loose a small amount. And as what we observed market value of each crypto currency today seem to be a good value and worth to trade off.

[Vicky agarwal]

its the best decision i made in pandemic ,cos of pandemic we all got dip ,so i full my bags with good coins like btc ,eth ,xrp ,and bnb and in just 41 days my portfolio become double

[Reid]

its the best decision i made in pandemic ,cos of pandemic we all got dip ,so i full my bags with good coins like btc ,eth ,xrp ,and bnb and in just 41 days my portfolio become double

Good for you then.
Mostly was panic and some say it relates to the drop of stock but I don't think that way.
People just need money, in cash. There is also a panic in getting more stocks of food when the known coronavirus suddenly impaled the economy.
Small investors could have sold their coins in exchange for living in better days while in lockdown.

To OP, yes it is getting smoother now and I think there will be more newbies trying to be traders due to the fact that it can be done at home with safety against being infected by the virus. 

[Raflesia]

its the best decision i made in pandemic ,cos of pandemic we all got dip ,so i full my bags with good coins like btc ,eth ,xrp ,and bnb and in just 41 days my portfolio become double

Good for you then.
Mostly was panic and some say it relates to the drop of stock but I don't think that way.
People just need money, in cash. There is also a panic in getting more stocks of food when the known coronavirus suddenly impaled the economy.
Small investors could have sold their coins in exchange for living in better days while in lockdown.

Of course, small investors will be very disturbed in a pandemic like now because the urgent need due to Covid-19 can trigger them to panic and sell all their assets even though this is down and can fill more bags with potential coins, but there is power for them to panic quickly. The current condition of food stocks is more important to survive the nose than to maintain their investment which is not necessarily profitable.