Trading in the pandemic

[sayaya17]

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.

The page you refer to is a technical analysis that is helpful because for traders this analysis becomes a benchmark, to determine the dynamics of the market are up to date.
But yes it is only natural that this pandemic there are some traders who withdraw from the crypto market because most of us are affected by the pandemic. At least have to withdraw their assets from the market. In the first phase of the pandemic, there was indeed a degree of damage to the crypto market, especially after Trump and his wife announced that they were positive for COVID 19. Psychologically some traders become distracted so FOMO attracts a lot of assets.
However due to strong holders and a positive crypto perspective, the market can finally recover, this looks to be an increase in prices to this day arguably quite well.

[Bajank]

many people have lost their jobs and lack of income in business in this pandemic period, it is difficult to find work and income is decreasing. Many people are moving to investing and buying and selling online stocks, especially bitcoin trading, is the solution for us to find a way out to make ends meet.
trading is very good for us to do in this pandemic period.

[iv4n]

many people have lost their jobs and lack of income in business in this pandemic period, it is difficult to find work and income is decreasing. Many people are moving to investing and buying and selling online stocks, especially bitcoin trading, is the solution for us to find a way out to make ends meet.
trading is very good for us to do in this pandemic period.

If you lose your job and income how can you turn to investing and trading? It's not so smart to risk the money you have left! In life, you need to have options, backup plans... what will you do if things go wrong and you make the wrong investment, if trading is going bad for you?
Better work on setting up some income first, after that you can try with risking some part of your funds on whatever you think it's best for you and your set of skills.
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Trading crypto in pandemic is the similar topic like gambling with crypto during pandemic! It's the beauty of crypto, doors are open 24/7! You don't need much for access, few dollars and any device you can connect to internet. There's no hassle, you don't need special license or school for crypto! It's open for everyone at any given time. With or without pandemic crypto market will continue to grow!

[isaac_clarke22]

~

Well it didn't really truly drop at all considering that even Bitcoin crawled its way back up to 10k which was a dream price to breach or breakthrough.
I understand that there were a lot of people that sold their coins to their local currencies for use of buying their needs but trade didn't stop. Good coins were still being traded normally though it is expected that many will exit the market for emergency funds.

[barbara44]

The situation of the normal person is very tragedy and it will improve their trading when we invest some huge amount in trading. Pandemic disturbed lots of middle-class people, which they cannot able to manage their finances for feeding themselves and it is impossible for them to trade in the current situation . We are seeing very huge down trend in the market and it will not help them to make profits.

That is somewhat true because people had to liquidate their assets to manage their portfolio in share markets and some even to have enough money for living their life. But that said the market still looks solid, at least the crypto market. I don't know much technical aspects to determine how the public is trading but the price has maintained and even growing so there must be enough investment into bitcoins because after what happened in March it looked like everyone will sell their bitcoins and pandemic will end everything.

I did not trade much during pandemic but was fortunate enough to save my coins during these times and managed to hold them and I sold a few real life assets like my bike but I did not let the crisis touch my bitcoin wallet much.

[michellee]

many people have lost their jobs and lack of income in business in this pandemic period, it is difficult to find work and income is decreasing. Many people are moving to investing and buying and selling online stocks, especially bitcoin trading, is the solution for us to find a way out to make ends meet.
trading is very good for us to do in this pandemic period.

If they have skills in trading, I am sure that they can make money from trading. Trading can be a new way for people who lost their jobs, but they need to learn before trading. It's not about buying and selling, but it's more than that because we need to have the skills to analyze the market. Many people are interested in trade, but they don't prepare themselves, which doesn't give them many chances to make money.

[davinchi]

Well, it is "risky" to put your savings into trading and investing when you are out of job and have no income, but sometimes that is the only thing you could do to hope for as much profit as you can without losing all your money.

So, when you have no income and you have no job, but you have like 20k, you have to pick one of the two options you have, one of them is trading or investing and trying to make that as much as you can while spending it to survive, and if you could make more profit than you spend you can survive or even if you make a bit of profit you could survive for longer period of time, the other option is not deal with any of that, and spend it to survive and it will end and you will have no more money left with still no income or job so you would be screwed.

[jostorres]

The pandemic will soon cease to be a factor due to which the price of bitcoin will fall. In general, it seems to me that this was the only time when the market reacted so negatively to this news about the fall. Now everything is relatively calm, no one panics anymore when he hears the word "coronavirus". So it seems to me that all this is a bit in the past. People quickly adapt to all of this.

Actually frankly speaking even when the whole world was panicking I never saw the bitcons market moving too much in either direction (I am talking from May to current timing) and it never looked like the corona virus had any toll on the crypto market at least. That is maybe because people holding bitcoins are rich enough to not sell their coins in dire times and the ones who sold might have little amounts which did not change the market much plus a lot of guys were investing into digital currency and hence bitcoins because everyone knew the future after corona virus will be towards digitalization and blockchain technology also got quite famous.

I think the next year has some great news for us in store and I am really excited about how the market moves once the virus vanishes completely.

[leea-1334]

So, yes trading on pandemic could feel unethical because you have made a profit from human misery, I wish I never made a profit from it and it didn't happen, but since it already happen without me doing anything, I might as well profit from it as well (without actually hurting others finances like toilet paper stackers).

I would not worry about this type of moral and ethical dilemmas in trading my friend. Same as in gambling, when people were taking advantage of inside knowledge on sickness, it was the same as any other inside information,,, you are not directly doing anything. If you really feel bad about it, do something in real life that actually helps people and you can make up for it.

[Raflesia]

many people have lost their jobs and lack of income in business in this pandemic period, it is difficult to find work and income is decreasing. Many people are moving to investing and buying and selling online stocks, especially bitcoin trading, is the solution for us to find a way out to make ends meet.
trading is very good for us to do in this pandemic period.

If they have skills in trading, I am sure that they can make money from trading. Trading can be a new way for people who lost their jobs, but they need to learn before trading. It's not about buying and selling, but it's more than that because we need to have the skills to analyze the market. Many people are interested in trade, but they don't prepare themselves, which doesn't give them many chances to make money.

If they are at first a real worker and at the time of this pandemic they switch to crypto trading, of course they have little skills and only think about profit, even that way is not good in crypto trading.
And it is true that you also analyze and have more knowledge of market conditions, not only choosing coins over lower coins, if you have the skills, you will know how to take this kind of spry, therefore during a pandemic, of course we will continue to be at home for a long time and like it or not want they have to learn more from various references.

[pankowri]

No way to know what will happen to us in the coming days. The situation is getting more complicated day by day. None can control this without a vaccine. At this time, we should stay at home and need to do what can be done at home. So cryptocurrency trading can help you to do research and make some money even in this pandemic also. So this is the best option in this pandemic to choose to trade.

[Kasabus]

So, yes trading on pandemic could feel unethical because you have made a profit from human misery, I wish I never made a profit from it and it didn't happen, but since it already happen without me doing anything, I might as well profit from it as well (without actually hurting others finances like toilet paper stackers).

I would not worry about this type of moral and ethical dilemmas in trading my friend. Same as in gambling, when people were taking advantage of inside knowledge on sickness, it was the same as any other inside information,,, you are not directly doing anything. If you really feel bad about it, do something in real life that actually helps people and you can make up for it.

Trading has got even better even when pandemic is currently affecting the whole world. But we should not be affected by this since we are already trading ever since and it's even better if we keep making good profits in trading and in return, offer some financial assistance to those who have lost their source of income and are mostly affected by this pandemic.

[LUCKMCFLY]

Basically, the pandemic can be used by many traders at the beginning in the same way to win, there are many who went short and won, those who stayed in hodl mode today are winning, it is all a matter of knowing what the true perspective of the market is. market and in which direction the price of Bitcoin is heading.

At the moment I bet that at any moment we will have a bullish trend, but this is unpredictable, volatility has no indicator to know when it will act.

[Kong Hey Pakboy]

So, yes trading on pandemic could feel unethical because you have made a profit from human misery, I wish I never made a profit from it and it didn't happen, but since it already happen without me doing anything, I might as well profit from it as well (without actually hurting others finances like toilet paper stackers).

I would not worry about this type of moral and ethical dilemmas in trading my friend. Same as in gambling, when people were taking advantage of inside knowledge on sickness, it was the same as any other inside information,,, you are not directly doing anything. If you really feel bad about it, do something in real life that actually helps people and you can make up for it.

Trading has got even better even when pandemic is currently affecting the whole world. But we should not be affected by this since we are already trading ever since and it's even better if we keep making good profits in trading and in return, offer some financial assistance to those who have lost their source of income and are mostly affected by this pandemic.

To be honest, I got motivated to keep grinding in crypto because of what you have said, mate. We should definitely continue trading to make good profits while in the middle of the pandemic because most of us don't have a stable source of income to provide all of our necessities, and many of us have been here before the virus existed, so we should not get affected by it for us to reach our goals in life.

[michellee]

If they have skills in trading, I am sure that they can make money from trading. Trading can be a new way for people who lost their jobs, but they need to learn before trading. It's not about buying and selling, but it's more than that because we need to have the skills to analyze the market. Many people are interested in trade, but they don't prepare themselves, which doesn't give them many chances to make money.

If they are at first a real worker and at the time of this pandemic they switch to crypto trading, of course they have little skills and only think about profit, even that way is not good in crypto trading.
And it is true that you also analyze and have more knowledge of market conditions, not only choosing coins over lower coins, if you have the skills, you will know how to take this kind of spry, therefore during a pandemic, of course we will continue to be at home for a long time and like it or not want they have to learn more from various references.

If they know that crypto trading needs to learn before making a profit, they will learn from many sources on the internet. It will not stop them from making a profit as they need to earn money in many ways. Crypto trading is one of many ways they can do, and every way they will try will not be easy to do because they need to keep trying to practice until they can make money.
The first step they need to have is to know the basic lesson on trading because that will be the same lesson, whether that is crypto trading or forex trading or stock trading. So they need to keep learning until they know how to enter the market at the right time, and they know how to take the profit.

[Emitdama]

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.

I am not sure about this history repeating itself thing, it might have happened before, but if you check now, is it still repeating itself? It’s just like nobody ever knew that there was going to be a pandemic this year; the virus started in China, and we never thought that it was going to be something that really serious and then all of a sudden it started happening, it already spread like a wildfire almost everywhere around the world, if not everywhere. And that in turn affected this market to drop.

I am not trying to say that the market will not increase again, but who knows when? If it’s really history repeating itself, judging with the past, has the history repeated itself as it should?

[henmark]

People’s interest is growing on steady. Haven’t you noticed that it’s not just individuals this time around, but companies too are getting on-board, and they are investing millions of dollars in mainly BTC. And as a day trader you will be trading on a steady no matter which direction the asset is heading to.

The situation of the normal person is very tragedy and it will improve their trading when we invest some huge amount in trading. Pandemic disturbed lots of middle-class people, which they cannot able to manage their finances for feeding themselves and it is impossible for them to trade in the current situation . We are seeing very huge down trend in the market and it will not help them to make profits.

Day Trading shouldn’t be a ground for anyone who doesn’t have enough finance to feed themselves, because you’re not going to have enough finance to trade. In trading you’re taking risks, and your main is plan is to win and make profit, but there is no guarantee for that since you’re here to take risks. So, what if you take that risk and the money vanishes due to lose, what are you going to do? Before you day-trade you have to know what you’re doing and have enough finance.

[Kelvinid]

Trading is risky but somehow the pandemic pushes some individuals to take the risk rather than doing nothing this time.

The opportunity comes and people never think about the risk they face because of all they wanted to make money.

I don't think it was a mistake for anyone who tried to trade but I don't think as well that we deem to blame the market because we lose in trading.

[Yatsan]

This pandemic have really brought up a real big impact with regards to not just about health but with the economic state as well on which it duly affect the stock market which is literally the one who is directly affected by this pandemic on which based on news and as what we can see is that the prices have dropped real hard which alarms people trading on stock market which makes them to withdraw and seek other alternative ways on how they can make their funds profitable wherein they saw Bitcoin and the crypto market as the one who can they do trade since the crypto market is not totally being hit so hard by the negative impact of the pandemic. Although at the start of pandemic it has also suffered, but still along the run, it have duly recovered compared to the stock market.

[carlfebz2]

Trading is risky but somehow the pandemic pushes some individuals to take the risk rather than doing nothing this time.

The opportunity comes and people never think about the risk they face because of all they wanted to make money.

I don't think it was a mistake for anyone who tried to trade but I don't think as well that we deem to blame the market because we lose in trading.

That would be common to happen since they are just new into this market then its just normal for people to have that kind of reaction where they do really had that time to blame out
the market and might even saying that they had been scammed because they do lost all of the capital.

If they would think up clearly or realized it well then they will surely tell that it is their main fault on why they have lost.Market has nothing to do with it knowing that
it is only just composed by buyers and sellers.

If you do believe that you can make easy money via trading then think again but i agree that it isnt really that bad for someone on making this as their last option in the middle of
pandemic and it is indeed better rather than sitting without doing something else. Desperation would be there but you should really be careful
on what youre dealing with.