More traders.... Good or not?

[CeriumWorks]

More people on cryptocurrencies will make sure that cryptocurrencies will be alive for long term. Tere will be more volume, more interest and maybe no more restrictions.

[1715067878]

1715067878

[1715067878]

1715067878

[CarnagexD]

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?

It depends, there are different types of traders that also has different vision and objective out of dealing with the oaltform of tradings. I think Bitcoin much need more support rather than users. In other words users of Bitcoin in terms of their own needs and wants is not that much necessary.

[NITCoinOfficial]

This is a very good question. Many exchanges closed registration (Bittrex, Cex.io etc.) due to the fact that their servers could not handle the incoming amount of users. Some (Binance for example) have upgraded their networks to be able to accept new traders. The old traders were not too happy to have the network down for more than 48 hours, however most were satisfied with lowered fees as compensation. What does it mean for the market? There is more demand for the services, more demand for the coins. I believe that everyone should be able to have the freedom to enter these markets upon fair conditions. Not everyone is a professional trader, but everyone should have a chance to become one. It's a matter of education, experience and making good decisions. A growing number of traders shows that the cryptocurrency market is evolving. Growth means more demand and market expanse. It's a good sign for the cryptocurrency industry.

[Md Saad]

I think more traders will carry out more crowd that finally will bring a lot of opportunity regarding this platform. Obviously, it's a good point for this system. If more traders participate in this system then the market will become stable. In this way, block chain system will get more acceptable. so that it's a positive sign.

[budakjawa]

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 that play trading then it will trigger the rise of bitcoin and altcoin other prices because many new people are sure to buy coin for the availability they have.

[Lanatsa]

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?

It depends, there are different types of traders that also has different vision and objective out of dealing with the oaltform of tradings. I think Bitcoin much need more support rather than users. In other words users of Bitcoin in terms of their own needs and wants is not that much necessary.

Then what you do called on that support? if you don't mean about users?  Its normal that support would be on the people itself who do buy and invest with bitcoin or even on altcoins. More traders would really be a good indication on having a good and profitable market. We might see some long traders but yet there are always short traders which we can see activity on any trading platform.

[htconem7]

Better said than done. It's not the safest job in the world simply because small movement will mean either a lost or win on your end and its not easy because you need capital to begin with, how can it be that easy when cases you lose because of so much volatility? Plus to be a successful trader, you need to spend a lot of time observing the trend and reading and speculating where the price is going to move

[mobnepal]

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 like a game where newbie loss money and elite traders will gain money. Money keep shifting between traders but if there will be more traders, market will be more stable because of high markecap. Currently total marketcap of cryptocurrency is really low compared to other trading assets.

Also trading is not as easy and safe like you think specially crypto trading with very high price volatility, there are lots of factors that can affect market and you need to gain lot of experience before you can predict future market moves.

[bitcoinisbest]

I think more traders will carry out more crowd that finally will bring a lot of opportunity regarding this platform. Obviously, it's a good point for this system. If more traders participate in this system then the market will become stable. In this way, block chain system will get more acceptable. so that it's a positive sign.

More the merrier and better opportunities will exists for people to buy/sell as liquidity of the coin will increase . Also for the day trader it is a good news as quick price movement happening will provide them the opportunity to trade quickly and achieve their targets.

[Apriand]

More traders mean more money come to crypto, its very good for bitcoin and altcoin. Price can going up fast because a lot new traders buying coin.
Also trading is high risk activity, as you said you're new in trading you need learn more how trading work. Its not easy, sometime you'll see market slowly or all coins in red color. That time you need take a risk, hold until price going up or cut lose then buy at cheaper price.

Btw welcome to crypto world, and good luck with your trading.

[bayupermana]

More traders mean more money come to crypto, its very good for bitcoin and altcoin. Price can going up fast because a lot new traders buying coin.
Also trading is high risk activity, as you said you're new in trading you need learn more how trading work. Its not easy, sometime you'll see market slowly or all coins in red color. That time you need take a risk, hold until price going up or cut lose then buy at cheaper price.

Btw welcome to crypto world, and good luck with your trading.

But how about more traders mean you will have to face with more competitors because we're all on the way to out profits right ?
Basically , everyone know all about your stragedy but how to apply it good in the reality is the problem , not much people can do it right.

[richardsNY]

But how about more traders mean you will have to face with more competitors because we're all on the way to out profits right ?
Basically , everyone know all about your stragedy but how to apply it good in the reality is the problem , not much people can do it right.

There is no actual strategy that you can apply other than buy low sell high. More traders could translate into more 'competitors' (to use your terms), but more traders also means more noobs entering the game. In the end it will all level out since there is one main principle that applies to every tradable market, and that's the fact that the far majority of the people always lose. Not exactly sure how accurate the percentages are, but I read an article last year about how more than 90% of the traders are only losing on the stock market, where their losses serve as profit for the 10% that are the winners. From that 10% institutions scoop up the major part, where the 'crumbs' left by institutions are feeding non professional parties.

[Goosebit.com]

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 more about "moment" and "psychology". The second one is the hardest part to be managed on trading.
More trader is good for the community and market. It means more money for the market. More traders can lead to high transaction volume. And for me, high transaction volume can help a cryptocurrency has a stability on its price.

[bitcoin31]

If they have a lot of new traders they have possibility the price of the cryptocoin will increase because mang buyers will buy because we can't trade if they did not invest their money to crypto currency.  You can be happy if they have a lpt of new traders because you can benefits also because if the price increase that you coin you bought you will earn some profit because of them.  More profit to come with us.

[jonland22]

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?

Having a lot of new players everyday is a good sign for cryptocurrency that demand is steadily growing, i suggest you research thoroughly in crypto trading before entering the market but if you are done with that i think what you lack now is the experience in actual trading, there is no harm in trying but since you are a newbie better invest what you can afford to lose because you don't have a profit from trading yet it's like you are starting from scratch first.

[zemb]

yeah, it's good since not all new traders are expert there are some traders fail if the attitude of being patient is not on them because more traders more demand and bitcoin price will go up. What should be of concern here, is how well you understand the market and the skills required to trade and make the profit.

[cryptoimal86]

I think having lot of new treaders is a good sign for crypto eco system. However I believe this traders increasing situation happens, because of btc hits its highest price in last november. How ever now most of newbie traders are leaving because btc drop.
In otherside lot of traders means more trading oppotunities. So I think more traders is a good sign.

[Kevin77]

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.

At very first, I am not very sure how you got your statistics of the number of global traders. However, the bigger we get as far as I am concerned and in the normal sense, the stronger and better we get. This is in the sense that, we are growing and we know that growth is a good thing.

Nevertheless, trading cryptocurrency based on what the OP said, is not really that easy, as it takes a lot of getting used to. It is a decentralized market, and sometimes, you just do not have to beat yourself if things do not go your way, but with good knowledge and experience, it gets better.

[CryptoLing]

It's 100% good.

More trader coming means more money come to crypto. Hence increase crypto market cap.

[mornabo]

I think more traders is good because volume from the market is can increase it means can be a lot of transaction. A lot of transaction will be impact on the price from the coins. It can be go up or go down quickly. But trading is not easier than you think. I'm also a newbie and I tried invest but my coins going down until now i just holding them. 

More traders is really good because it will increase the demand for bitcoin therefore increasing the price as well. But it might also cause problem because if the population of traders increases, the number of transactions will increase as well therefore causing traffic in the blockchain. It had happened and it is annoying because transactions will took days before completed compared to the duration before which is within the day. When you need the money, you can easily withdraw and processed transactions but after the increase in the users, you will have to wait for days unless you increase the gas price which will also increase the fee.

yeah more traders means is more users it will be more demand then will make the price higher, thats the positive effect will be generated, but there is a something to be pay for that profit mate, ie the network will be more crowded because more transactions and then will make more expensive fee, I think there is always a positive and negative impact on everything right ?