What is influencing the growth in the number of traders?

[harapan]

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

There's a saying "the more you look, the less you see" but it's not that effective in this context but similar because in trading you put up high hopes to attain something profitable, however you are risking to get what you want but sometimes it doesn't give you the outcome you prefer or predict that's why it's necessary to trade wisely.

[Emitdama]

Trading has generate a fuzz all over the internet. Trading nowadays is referred to being cool. Not experienced but half of the rookie traders will be joining just to show how cool they are and start publishing their open trades on socials just to gain some attention. Remaining will have FOMO where all others are making money while they are not so they will jump into trading. There is really no strong influence on these traders but they just want to give it a shot and see if their luck plays out.

Yes, trading is accessible to almost everyone. By everyone, I do not even categories age, sex & race. There are numerous decentralized platforms where you can just start trading by entering a few basic details or by just creating a wallet. Even a 15 year old can start trading on these platforms.

[Nheer]

The simple answer to this is FOMO. Everyone wants to trade and see how it goes.

Even if they try it and fail, they just want to try, and I see nothing wrong in that. Cryptocurrency now makes trading more popular, which couples with the social media hypes and many other trading events and seminar/webinar that are rekindling trading hope.

That's a good point and one of the reasons why a lot of people actually start trading. Seeing and hearing about how other people make money from trading is what makes most people to join trading they feel it's a way out for them, they feel it's the easy and fast way of making money. Not all actually keep up after knowing how risky it is, after losing some amount they can't keep up anymore because they didn't really learn much about it that's why it's difficult to keep up.

Traders might increase in number, but the real question is, how many of them are actually profitable in the long run? I’d say only a few. A lot of people just ride the hype during a bull market and start trading, but sooner or later, they realize trading isn’t some overnight success story. It takes time, experience, and skill development to truly be good at it.

True, Not many are profitable because they didn't really learn to try to develop themselves well enough they mostly just come for fast profit. These are people that have poor FOMO handling, they only join because because of the hype and don't want to miss out. Without proper learning they will likely to end up losing money.

[NFTGamerToken]

I’ve also noticed how trading has become a lot more common compared to a few years back, and I think accessibility plays a big role in that. When I first got interested, it felt complicated and overwhelming, but now with easier platforms, tutorials everywhere, and active communities, it doesn’t feel as intimidating to get started. Social media and trading groups also make it look more engaging, since people share their results and experiences openly, which motivates others to give it a try. The combination of easier tools and the excitement around crypto has definitely made trading something more people are willing to explore.

[Strongkored]

Answering the title of this thread. The reason is that the development of the internet has made information increasingly accessible; everyone connected to the internet will have the opportunity to obtain information, including about trading. That's why more and more people are trading, also because the crypto world is growing, plus the news about people who succeed in trading makes even more people interested in trading.

[WatChe]

There's a saying "the more you look, the less you see" but it's not that effective in this context but similar because in trading you put up high hopes to attain something profitable, however you are risking to get what you want but sometimes it doesn't give you the outcome you prefer or predict that's why it's necessary to trade wisely.

Number of traders are increasing but that doesn't mean they all are successful. Trading is not any thing to handle and those who just start trading with mindset that they will become rich in few days are the one who bear heavy loses. I don't say that trading is like gambling but majority of people who start trading, ended up in loss and that's something similar to gambling. It's a risky thing and one need to plan how to minimise risk associated with it before starting it.

[Powerjumboo]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

I don't have a specific number but in the little things you can have an idea of how much more people are into trading now. I remember seeing the post about the amount of teams that registered for the KCGI trading event, and all I could think of is how impressive it is that over 1500 teams each team consisting of different traders have signed up for something like that.

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

Good fan with trading I want to know if you have gained good experience in trading? If you have gained good experience in trading then trading may seem very easy for you but for me trading is not easy at all because trading is a very risky platform. It is very difficult to earn money from trading platform because of this new trader will not be able to earn money from trading if he wants to. To earn money he must gain experience in trading and he has to follow the trading strategy. If he has trading experience and does not have a trading strategy then he can earn money from trading but there is no surety because even professional traders cannot give surety whether they will be able to earn regular money from trading platform that is why I say trading is not an easy way to earn money.

[tvplus006]

Number of traders are increasing but that doesn't mean they all are successful. Trading is not any thing to handle and those who just start trading with mindset that they will become rich in few days are the one who bear heavy loses. ..

This increase in the number of traders does not change the statistics at all, according to which 90% of traders lose their money. And it is the beginners who are included in these 90%, because due to lack of knowledge and experience, they cannot immediately get into the coveted 10% of traders trading with profit.

[Jaksonhard]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

I don't have a specific number but in the little things you can have an idea of how much more people are into trading now. I remember seeing the post about the amount of teams that registered for the KCGI trading event, and all I could think of is how impressive it is that over 1500 teams each team consisting of different traders have signed up for something like that.

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

Good fan with trading I want to know if you have gained good experience in trading? If you have gained good experience in trading then trading may seem very easy for you but for me trading is not easy at all because trading is a very risky platform. It is very difficult to earn money from trading platform because of this new trader will not be able to earn money from trading if he wants to. To earn money he must gain experience in trading and he has to follow the trading strategy. If he has trading experience and does not have a trading strategy then he can earn money from trading but there is no surety because even professional traders cannot give surety whether they will be able to earn regular money from trading platform that is why I say trading is not an easy way to earn money.

You are right that trading is not an easy way to earn money. Because to earn money in trading, he must have the right knowledge about trading and the strategic and technical knowledge in trading. A newbie in particular cannot profit just by wanting to, because to trade here he has to be very skilled and knowledgeable. If someone thinks that he can earn a lot of money from trading, then it is wrong, his attitude should be changed. Yes, if a person has the right knowledge about trading and knows the right strategy inside him and has the ability to analyze the market, then he can earn money by trading. But I will not advise anyone to trade in a new situation because trading is always risky, unless he is knowledgeable and skilled, he can always lose money here.

[Oshio-man]

The world is changing, and there are skills people can acquire to generate some passive income or make money in small ways, and trading is one of those that people are looking into. No matter how difficult trading may seem, many people will still be interested in it because trading is real, and people still make some profit from it.

AS the world is changing globally, that is how people are changing to apply some news things that will make their trading to continue generating income that will not make them down. Income is the major thing that is making traders to remain in trading or to continue with trading because seeing themselves progressing in income making, make them to add more effort, it change their mood to develop more tactics that will boost their income ahead, another thing that influence the growth of numbers of traders is consistent income in a particular coin because it can make trader to inform other traders to know how favourable the coin is to those that is trading it in the market, but if traders are not making income from the coin, they will not advice other new or old traders to involve in that coin.

[Mpamaegbu]

Even as though trading is difficult,there're several techniques and criteria's that has been really useful and easy.

Even with all that supposedly great techniques, trading won't get that easy for anyone who doesn't have emotional control and mastery of their Money Management strategy. Those are the biggest hiccups anyone can surmount to become profitable, IMHO. To even set it straight, most of those lines and indicators people use on their charts are distractions that don't do them any good. The more the merrier shouldn't apply to indicators on charts. They mess up one's sense of judgment in picking trades . Keeping it simple pays in trading.

[Pandu Geddon]

another thing that influence the growth of numbers of traders is consistent income in a particular coin because it can make trader to inform other traders to know how favourable the coin is to those that is trading it in the market, but if traders are not making income from the coin, they will not advice other new or old traders to involve in that coin.

The influence of other people's achievements indeed plays a role in the increasing number of traders. Beginner traders are naturally attracted to the profits they see being successfully earned by friends or others. Unfortunately, they view gaining profit from trading as something easy and instant. When they try, I believe what happens will not meet their expectations.
I still believe there are more beginner traders who give up after a few attempts than those who consistently learn and focus on generating long-term trading profits.

[Gozie51]

The influence of other people's achievements indeed plays a role in the increasing number of traders. Beginner traders are naturally attracted to the profits they see being successfully earned by friends or others. Unfortunately, they view gaining profit from trading as something easy and instant. When they try, I believe what happens will not meet their expectations.
I still believe there are more beginner traders who give up after a few attempts than those who consistently learn and focus on generating long-term trading profits.

Yes naturally people like to associate with success. So if a trader is lucky to have a certain level of success and show off on a social media handle, it tend to attract people who originally don't like trading but because they feel it is a safe heaven then they join trading without proper knowledge and preparation. If you go into trading without having that zeal and patience, all you want to do is increase the risk to go for profit that their account have less liquidity for. However, there is nothing wrong with being a newbie trader but more knowledge is required to avoid jumping in and jumping out because of margin call 

[harapan]

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

Good luck to you on that, the consistent advertisement alongside testimonies are some areas one can look into that will enhance and result to the growth of the trading platform or sites and again the fact that trading is becoming more accessible to users makes it easily influenced and resulting to the growth where so many others are rushing in inorder to trade.

[Egii Nna]

Apart from FOMO, many are involved in trading due to what they see on social media, which influencers always show them, that trading is simple if they just register for their courses or buy their books. Without them knowing, those influencers are surviving on the money they pay to them to either buy books or join courses. So, most of them join trading by mistake. That is why you see a lot of people are now involved, although most of them end up losing, because they do things without adequate strategies and analysis. And all is due to less knowledge of what they are doing.

[justdimin]

Apart from FOMO, many are involved in trading due to what they see on social media, which influencers always show them, that trading is simple if they just register for their courses or buy their books. Without them knowing, those influencers are surviving on the money they pay to them to either buy books or join courses. So, most of them join trading by mistake. That is why you see a lot of people are now involved, although most of them end up losing, because they do things without adequate strategies and analysis. And all is due to less knowledge of what they are doing.

The main reason could be because the higher number we have, the more people we reach. So if you have just 100 traders, then those 100 traders could bring in 10% of their network and we become 110, so only 10 increase, whereas if we have 1000 traders, then the same ten percent because a whole new hundred people. That is why we are seeing more and more, it becomes a lot better return and we should be able to actually do something that will benefit us.

We are not going to get the best returns, we are just going to get the best new levels. If we should not be considering the deal at the point we have, then it is not going to change the reasoning, it's the way we deal with the market. So the higher we grow, it becomes exponentially higher.

[Adams0001]

Traders might increase in number, but the real question is, how many of them are actually profitable in the long run? I’d say only a few. A lot of people just ride the hype during a bull market and start trading, but sooner or later, they realize trading isn’t some overnight success story. It takes time, experience, and skill development to truly be good at it.

You’re talking about day trading, right? That’s definitely not for everyone. Long-term investing or just HODLing is more suited for most people because it doesn’t require deep technical knowledge. You just have to trust Bitcoin’s future and hold on, even during bear markets, without panicking.

At the end of the day, the real challenge for most people is handling FOMO and FUD, that’s where many lose.

That is it, they have many people that are joining trading everyday, but not all of them are profitable to it because trading is not for everyone that don't have knowledge about it, because not everything can favour you and that is why they have many things that you can do if this didn't favour if you try another he can probably favour you, if you see trading is not going well for you with all the pressure you put and still finding it difficult is for you to try holding your bitcoin investment and you will can probably achieve your goals.

What is bringing many people into trading most are the talks that they are hearing from others traders and the motivation, thinking they can easily achieve there goals in trading. And you can't get profit in trading just by stake you need to have enough knowledge and experience before you can probably get what you are chasing, and ready to risk your funds because if you're not a risk taker don't try to near trading because you will regret of using your funds to trade, he doesn't go well anytime and you will lose everything in a seconds. If you can't take high risk minimize risk and hold for long term and enjoy the benefits.