Re: Trading in the pandemic

Quote from: sambuddha on November 07, 2020, 09:09:15 PM

Quote from: cryptolord2077 on November 06, 2020, 11:18:01 PM

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 Cool

. 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.

That is just the way it is, investing or trading when the market is going up makes everyone feel as if they are geniuses and that it is not as hard as they thought, but once the market crashes or it goes flat that is when you can distinguish the good traders from the bad ones, I am curios about how all this will end, we are now close to the 16k level and we may surpass it in a few days, if that happens then we will be very close to make an attempt at the ATH but I wonder if this is a trap by the whales and they will just crash the market again.