I’ve been wanting and taking my time to enter the trade game. But before I do, just wanting to know the prod and cons of having a lot of new traders coming in.
Trading is much more safer and easy to learn. I’ve been preparing myself for months now and wanted to start my journey here in bitcointalk. But like me? New Traders are comming in fast. Will it be a good sign to our world of crypocurrency? Or will it affect the competition inside?
Trading is much more safer and easy to learn. I’ve been preparing myself for months now and wanted to start my journey here in bitcointalk. But like me? New Traders are comming in fast. Will it be a good sign to our world of crypocurrency? Or will it affect the competition inside?
More people joining the crypto market means more volume so it is a good thing. The disadvantage is that a lot of new traders who thought that price keeps going up are in panic every time there is FUD that's why there is a volatility in the price. Volatility is an advantage and disadvantage because there is so many opportunities when there is volatility but when you don't know how to manage your emotions then you will be rekt chasing the price when it is going up and panic sell when it is going down. Trading cryptocurrency is not for everyone because many people cannot handle their emotions that's why many are just choosing to hold than trade actively.