Trading in the pandemic

[Inkdatar]

A lot of people lost their job because of this pandemic and most people find ways to create income to earn money. Also, adopt crypto to trade during this pandemic time, before they start trading they should know the process and the risks of the market since the price here is volatile. Study the market because gaining knowledge is very important as this will guide you during your trading journey. Training during pandemic is also a big help but with risks and with advantage since in this industry are a lot of opportunities to earn.

[Benefactor]

I think cryptographic money day by day exchange has no set of experiences to allude or view for rehashed event. Aside from purchasing a specific coin when it drops to hodl and exchange when cost begins expanding. Exchanging the pandemic can furnish us with another occasion to have another pay source while numerous individuals lost their positions out there, so we can at present bring in cash to purchase our every day need.

[kramchers]

In the first place, cryptocurrency trading is not affected even pandemic happened. Why? it is because the market was too unpredictable and We all knew this. That's most of the crypto enthusiast still can do earn in everyday of their lives. Which is true, due to I also experienced that too during pandemic so I am very grateful that I have a little bit idea about cryptocurrency.

[Fredomago]

With having more time since the pandemic is really avoiding people to go out gives them
more closer to understand and to learn how this market works and how they can ride and earn.

Trading is not something you could do and be good just because you have more time. I understand that people do not go outside and have trouble with work and so forth doesn't mean that they will automatically become like a great trader all of a sudden.

The reason why you are not a great trader is not because you do not have the time for it, the reason is most likely you are not good at it is because you do not know how to be a good one. What changed right now could be the fact that people have more time and instead of trying to be a trader by trading, if they spent the early few months on studying and researching and basically learning how to be a good trader, you would have been a good trader but if you didn't do all of that and just jumped right into crpto trading you would lose even with 24 hours fully free.

Got the point there. There are people who really don't belong to this market, or to this type of business. trading is not for everyone
and like you what have said even you have time.

If you are not doing anything good better to assess yourself, invest with your knowledge learning things is not a shortcut there are struggles and so many losses that you may experienced.

This pandemic brings you chances to seek for more understanding as you use your time while you
are still at home working with more information to learn this venue of investment.

[jaberwock]

I find all these staking, nodes, defi, dex and many more stuff that we are doing right now including smaller stuff like liquidity providing and other stuff all became this much famous because of the pandemic as well.

Two core reasons why pandemic affected these things, first of all it was because we had a lot more time within our hands which allowed people who already liked crypto world and were involved to be involved even more, we had to go to work, come home, cook food and many other stuff and had very limited time versus now we are all at home (well not anymore maybe but we were) and that gave us time to check crypto in more depth.

Second reason would be a lot of people were unemployed but there were people who either were unemployed or employed who had money and they saw that economy went very badly while crypto could be a savior of their wealth so they all got involved with these new investments to save themselves.

[yohananaomi]

In the first place, cryptocurrency trading is not affected even pandemic happened. Why? it is because the market was too unpredictable and We all knew this. That's most of the crypto enthusiast still can do earn in everyday of their lives. Which is true, due to I also experienced that too during pandemic so I am very grateful that I have a little bit idea about cryptocurrency.

yes, as you said that there was no significant effect on crypto during the pandemic even though it was said that many people were just at home, there would be an increase in crypto, also there was no visible increase in impact that occurred.

During a pandemic, of course, there are also many who make a priority scale to use their money because during a pandemic, of course there is a lot that needs to be removed from normal conditions. those who run, it seems that those who already have deposits in their wallets and are already familiar with crypto, for beginners, certainly won't do that because of the risks that you might not want to experience during the trouble due to the pandemic.

[cryptolord2077]

I don't see much of a difference for traders.
It seems to me that trading is easier now than a year ago in the same period. Now bitcoin is growing, followed by the entire cryptocurrency market.
Obviously, long positions are much easier than short positions, which means now is a great time for traders to make money.

[Oilacris]

In the first place, cryptocurrency trading is not affected even pandemic happened. Why? it is because the market was too unpredictable and We all knew this. That's most of the crypto enthusiast still can do earn in everyday of their lives. Which is true, due to I also experienced that too during pandemic so I am very grateful that I have a little bit idea about cryptocurrency.

yes, as you said that there was no significant effect on crypto during the pandemic even though it was said that many people were just at home, there would be an increase in crypto, also there was no visible increase in impact that occurred.

During a pandemic, of course, there are also many who make a priority scale to use their money because during a pandemic, of course there is a lot that needs to be removed from normal conditions. those who run, it seems that those who already have deposits in their wallets and are already familiar with crypto, for beginners, certainly won't do that because of the risks that you might not want to experience during the trouble due to the pandemic.

Would really say the same where people who arent familiar or just firstly hear about crypto and would really have thought that it would be a scam or just to believe directly that they would become
rich or would somehow support their living with trading which is really a totally wrong idea or even they would end up with those ponzi due to greed.

For those who had knowledge or experience here on crypto where they are somewhat in advantage because they can really able to generate profit much more better than to those people
who havent tried it yet.

This is what im experiencing now that in spite of my day job was lost but i do able to sustain myself with my crypto earnings which i do consider myself lucky.

[TitanGEL]

Actually I got better trader in this current situation wherein we are still in pandemic, before I have having a hard time because of my busy schedule but I decided to go full time trader when I lost my job. I started to trade last 2 years ago but this is only the time that I really commit to become a student of the market, I'm now having a consistently profit but I still want growth and it is the reason why I keep investing in my education in these past months. It is good to be trader nowadays because of the excess time that we have, we can grow in small time of period by gaining a lot of experiences and learning new strategies and concepts that we can use in cryptocurrency market. The good thing is I really obsessed to my personal growth and it is the reason why I keep trading bitcoin and other cryptocurrencies. I keep avoiding defi because they are so volatile and there are always huge dump that keep happening in just a day. The return is good in defi but my risk tolerance is not yet good and for me to prevent huge losses, I usually avoiding it. I actually created a thread before about cutting losses so maybe it can help other traders especially those newbies who want to develop their risk management. Cutting losses can prevent us to have huge losses and for me this is the first step to become a good trader if we learn how to do a stop loss.
https://bitcointalk.org/index.php?topic=5261095.0

[Salauddin1994]

I don't see much of a difference for traders.
It seems to me that trading is easier now than a year ago in the same period. Now bitcoin is growing, followed by the entire cryptocurrency market.
Obviously, long positions are much easier than short positions, which means now is a great time for traders to make money.

What you said is right, short positions will not help us to make a decent profit, that's why many experienced people will suggest going for the long term instead of short term. When the price of Bitcoin is increasing the price of altcoins will follow surely, so Bitcoin trend will continue to a higher value in the coming days.

I agree that at a rate where the demand for bitcoin is increasing the price of bitcoin may increase even more in the coming years this is why most of the big business is advising long term investment no matter what the epidemic bitcoin will not be affected. And increased the demand for bitcoin trading and investing in epidemics is a great time to make money.

[South Park]

A lot of people lost their job because of this pandemic and most people find ways to create income to earn money. Also, adopt crypto to trade during this pandemic time, before they start trading they should know the process and the risks of the market since the price here is volatile. Study the market because gaining knowledge is very important as this will guide you during your trading journey. Training during pandemic is also a big help but with risks and with advantage since in this industry are a lot of opportunities to earn.

I can understand why some people may see in trading a way to get income during this pandemic especially if they have lost their jobs but unless they were experimented traders before all of this I fail to see how they are going to be able to get the necessary knowledge to trade the markets in such a short amount of time, trading may seem easy but anyone that has actually go through the trouble of trying it knows it is incredibly hard and you only need to make one single mistake for most of your capital to disappear and newbie traders have a very high probability of making those kinds of mistakes.

[sambuddha]

I don't see much of a difference for traders.
It seems to me that trading is easier now than a year ago in the same period. Now bitcoin is growing, followed by the entire cryptocurrency market.
Obviously, long positions are much easier than short positions, which means now is a great time for traders to make money.

I agree. Trading when there is a clear strong trend in the market is really easy . It is much more difficult to trade in a flat. Now the market is bullish and one should be very careful when opening short positions.

[Swopon]

The whole crypto market is getting bigger day by day. Maybe we are getting ready to see the bull run like before which happened in 2017. The last quarter of the year is the most important thing for the crypto world as we have seen before. In this time, you can involve trading on various sites. Trading can be beneficial for you if you can make it happen.

[Mpamaegbu]

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.

A lot of us forget that among those who died from the coronavirus outbreak were active traders too. Dead people don't trade or engage in businesses. So, this can also explain the drop in trades. Quite alright, the first wave took the world by surprise and unprepared we struggled to cope with it. But this second wave will be met with stiff preparedness, at least.

Therefore, the market though might encounter a little bumpy road, is bound to run smoothly in no time.

Any bumpy encounter should be seen as a correction and that is expected. If we are truthful to ourselves we would reckon that Bitcoin has already had a great bull run this year despite the pandemic.

[farrellronald]

i think this pandemic made lots of people to think about trading and made lots of new comers loss. they failed a lot and as a result, they lost a lot of money. lots of them had no experience and then they thought they can be rich in this way. so most of them lost everything

[proTECH77]

many trader are still worry about the market if there is still hope for them to make a good income just because  of what covid-19 has caused in the world trade.
many cryptocurrencies are reducing which is not giving some trader hope that they can still make a good profit from their trading in the market.
Many trader are yet to recover from the loss they experienced during pandemic that caused so many of them not to recover yet from their trade. Some trader learned their lesson from the pandemic which change them not to hold their coins more than a year not to experience loss again.

[jostorres]

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.

A lot of us forget that among those who died from the coronavirus outbreak were active traders too. Dead people don't trade or engage in businesses. So, this can also explain the drop in trades. Quite alright, the first wave took the world by surprise and unprepared we struggled to cope with it. But this second wave will be met with stiff preparedness, at least.

Trading during that period didn't dropped down because of traders dying, that would have been a very very low number, 1 million people died and unless they were all crypto traders that means we had like maybe few thousand at very worst case.

This is why I think the real reason why trading volume dropped was the fact that during the early days people didn't know what will happen, we now know what is at stake and we take the risks but at one point humanity really assumed we would be locked in our houses for months without being able to go outside except groceries, which happened for a while in some places but thankfully didn't last as long as we imagined. This is the reason why people took out their money, their priority wasn't to make sure they can profit, it was to make sure they can buy food.

[jaberwock]

The whole crypto market is getting bigger day by day. Maybe we are getting ready to see the bull run like before which happened in 2017. The last quarter of the year is the most important thing for the crypto world as we have seen before. In this time, you can involve trading on various sites. Trading can be beneficial for you if you can make it happen.

I am not sure of the ATH and the prices we had in 2017 but the market looks way better and we might set a new all time high in coming year if not coming few months. As far as the corona virus impact on bitcoins is discussed, it was really negligible because the price stood strong during those times and now takes a hike as always it does in Q4.

Trading when there is a clear strong trend in the market is really easy . It is much more difficult to trade in a flat. Now the market is bullish and one should be very careful when opening short positions.

I actually always get confused when to buy Bitcoins during a bull run because I am waiting for a correction in price to happen so I can take that sharp opportunity and buy some but the price is not dropping and when it drops it's not as sharp as I want it to be.

[Emitdama]

i think this pandemic made lots of people to think about trading and made lots of new comers loss. they failed a lot and as a result, they lost a lot of money. lots of them had no experience and then they thought they can be rich in this way. so most of them lost everything

I am not sure if new traders lost or made profit because we almost have a bull run since the March drop and I don't know how one can face loss in a bullish market because it is often said that during the bull run everyone makes profit.

A lot of new traders entered the market that's for sure because during these pandemic times everyone had at least one thing and that is, spare time which meant that people tried new things and even guys who were working from home saved a lot of time because they don't have to travel and found side activities and BTC being so popular now days attracted a lot of traders who had nothing to do but to try new things in spare time.

[barbara44]

many trader are still worry about the market if there is still hope for them to make a good income just because  of what covid-19 has caused in the world trade.

The crypto market wasn't influenced much to be honest and some even believe that the crypto market actually had a positive impact overall from the pandemic.

Many trader are yet to recover from the loss they experienced during pandemic that caused so many of them not to recover yet from their trade. Some trader learned their lesson from the pandemic which change them not to hold their coins more than a year not to experience loss again.

Most of the coins and tokens are moving up now as BTC price is going up since sometime now and I don't know which tokens are going down because almost all the coins in my portfolio are only showing green positive change in the last around 1 month or so. Pandemic was horrible and still not over completely but the crypto market didn't had much of a problem with it, at least that's what the prices and the movements suggested.