More traders.... Good or not?

[Woterry]

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?

[L A R A]

Crypto trade is not as easy as you think, trading crypto requires more patience, it is not easy to make a profit if you can not be patient, and if many new trader come quickly, this is great for helping the growth of the crypto world More trader = more volume = crypto price will rise

[sumanto]

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?

the more people who play trading it seems to be very profitable because it will automatically buy more coins and will trigger the price increase for example bitcoin coin if you know bitcoin has a very limited total supply if bitcoin is purchased by everyone in the world then bitcoin will be very expensive and hard to get.

[newinbtc]

Trading is much more safer and easy to learn.
No , it's not easy task to become a successful trader you have to think twice before making any investment

I’ve been preparing myself for months now and wanted to start my journey here in bitcointalk. But like me? New Traders are coming in fast.
Will it be a good sign to our world of cryptocurrency?
Yes its good more and more people will buy and hold bitcoins Our total market cap will be increase

Or will it affect the competition inside?
Some users may be panic and sell of bitcoin when price will drop fastly

[wayancrypto]

More people jump in to cryptocurrency trading will be good for market because the trader get best price with more liquidity. As i know currently there are about 30 million of crypto trader in the world and this number will growing because crypto will be more popular. So more trader is mean cryptocurrency and blockchain community also bigger.

[Ilegendph]

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?

I think its a good thing that there are more traders in the cryptomarket because they are the one who appreciates and gives value to cryptocurrency. They are the one buying and selling it for profit that provides financial support to the project owners itself. And also, traders are the one responsible for a healthy buy and sell type of investment, meaning if there are more traders in a certain type of market the better that market is and the higher the value it will be.

[EinWert]

With coming of prefessional traiders the complexity is growing up, but on the other hand there are lot of newbies (much more than professional, imho), so its difficult to me to say good it or not.

[Siopao]

I think more traders is good for the bitcoin market as it helps the value increase due to there will ne lot of people usong btc, meaning more demand. But if it's safe, well if you don't come across a client who would scam you then it would be safe. Easy? No. I don't think so, trading requires patinece and proper timing and you should dedicate more of your time so it really doesn't come easy.

[vasrasus]

I think more traders is good for the bitcoin market as it helps the value increase due to there will ne lot of people usong btc, meaning more demand. But if it's safe, well if you don't come across a client who would scam you then it would be safe. Easy? No. I don't think so, trading requires patinece and proper timing and you should dedicate more of your time so it really doesn't come easy.

Regular traders is much better than having too much traders, if only we can see the regular traders we can assume rise and fall of such coin but if it's too many its hard to do in such case we will just depend on reading graph.

[Ryan Tirta Permana]

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?

The increasing number of new traders can be positive and negative, positive because the more traders with the higher demand, the negative because with the new traders panic will decrease the price made on new traders can lower the market, I do not see the competition in this case.

[Pursuer]

more traders means a bigger market, fuller order books instead of thin ones where a simple dump can change the price by a lot, and all of it will lead to a more predictable market and consequently an easier time trading because you can actually speculate.

for example you can speculate about bitcoin but you can not do it with majority of altcoins because in comparison they are too small and way too manipulated. and that makes it impossible to make any logical move in the market. most people find it like gambling to trade altcoins even!

[Barbut]

More traders more fresh blood, do you agree?
Except that , more traders always means more demand, and with more demand all prices can just rockets to sky. That is good for us 'old' traders, and old people here that have some good amounts of different coins. That's why stocking up bitcoins and different altcoins is always good. Which altcoins is hard to sayz that's why I have my fingers in many of them. Buy while they under 1$, cause it looks like that all the coins under 1$ are good for buying for the future. And don't listen others, I could be a millionaire today if I didn't listen other people, others say ETH is a scam ans look where it is now? Do you see that? Now I'm buying cardano and stellar, and I don't care what other people talks about this coins.

[ajiejot]

For me, there are no negative effects having many traders in exchange. But the positive of having more traders is the VOLUME of the market will be more higher because there are more traders. That's the good thing, about the volume. So the market is very active.

[sheenshane]

More traders more fresh blood, do you agree?

More traders more investors more demand if more traders adapt on trading, it means more demand the more highest exchange volume in the market.
But there's possible that maybe they fell that panic selling when the price of all coins are dropping and turns to the market bloody bath if that ever happen,
So, i think it is good for all traders newcomers or and old traders are the same thought in trading then i'm the demand will rising up too and having more profit. Even me i still holding ripple even though i have heard many negative feedback on this coin but always in my mind that no body knows or predict the price movement of crypto's.

[adaseb]

There are pros and cons for each.

One pro is that it makes the markets have more liquidity which is always a good thing. Another is it adds new capital to the markets.

The con is that there is more competition. Hence like when BTC almost when to $20k. There was so many people selling that on most exchanges it never reaches that number.

[klaaas]

Overall gain in the total market is a good thing since there will be less manipulation and more moments for a trade.
For a individual it will be harder since there is more competition in you playing area.

[alisaadat60]

more traders are good because more traders mean more money and they can change the future of the crypto world
but more traders are bad because politicians and governments will sensitize about crypto's power

[01asd]

There are pros and cons for each. One pro is that it makes the markets have more liquidity which is always a good thing. Another is it adds new capital to the markets. The con is that there is more competition. Hence like when BTC almost when to $20k. There was so many people selling that on most exchanges it never reaches that number.

I actually do not know about this kind of stuff, but all I know is that there is an online job that I have been work with for almost more than 5 years. In that online job I am told that when more people do that job, the difficulty will become more harder and harder and the payment will get smaller and smaller. That is because if there are more and more people are willing to work at the company, then the company will not care about new users and the old users anymore. The company will just care about their profit and their work need to get done, not think about the salary and payments anymore. So that will become a bad thing. But in the world of trading I do not know.

[pooya87]

it may also depend on who are these "new traders" though.
for example if more newbies and more underage kids with little money and zero knowledge and experience enter the market and fail to educate themselves about anything, then it is not as good as you may all think. it is actually worse because it makes the market more volatile and more manipulated while the pump groups grow bigger.
but if it is more experienced traders or at least more of people who are willing to educate themselves and do a wise investment not just gamble with their money, then all that was said in this topic becomes true.

[MiiDoViic]

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?

Well the more new traders and unexperienced people there is in the market the more profits the whales are going to make .
New traders will also help feed the FUD when they make stupid decisions and get bitter because they lost their money .They will make the prices of the coins unstable for the constant buy and sell during hype/panic time . I don't see that much pros ,unless those traders get the experience through out the time and learned from their mistakes.