More traders.... Good or not?

[chris200x9]

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

more trader,more investment,more demand means more increase of price..so thats good for the community specially in market and ofcourse us the old traders since were experiened and skilled more advantageous on our part,and besides crypto world is growing and growing as the goes by no wonders the traders will be double along this year

Yes how the traders will increase like that the prices of the cryptocurrency will increase. now many people are entering this crypto trading world because it is much better to compare stock trading. and people don't have much knowledge on cryptocurrency they also investing because of high fluctuation in price. So if the traders increase they will create more demand in the market. So it is good for us.

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[nodelover]

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.

[yndye]

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?

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.

[TheUltraElite]

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.

Any new trade entering the market should do prior research to avoid this from happening. As soon as they buy some coin for the first time they will be wiped clean of profit because other people will sell at the rise. This can be prevented by patience. The trader should keep the money ready to buy coins but do so only at the dip.

However it is not always possible to consider all this factors and specially if the person is newbie in trading. However patience is often the key in trading and making profit in trading.

[vv181]

I tell you trading is a non-zero sum game which means if someone won and other people other must losses. That is just the way how its work, and if there are many traders participating in the cryptocurrencies then the competition will be tight. It only matters how good they are about the technical analysis.

[Dontme]

To those who want to compete they want competition but I don't like competition rather I'm doing this because I like it and I want to earned more because of this because trading with competition will not longer end successful but trading with goal and have dedication will soon successful we need time and patience to spend for us to become successful in this kind of work

[proTECH77]

The market is large enough for every trader to trade in. The number of traders in the market does not affect the profit you stand to earn. What should be of concern here, is how well you understand the market and the skills required to trade and make profit.

[Fatunad]

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.

Any new trade entering the market should do prior research to avoid this from happening. As soon as they buy some coin for the first time they will be wiped clean of profit because other people will sell at the rise. This can be prevented by patience. The trader should keep the money ready to buy coins but do so only at the dip.

However it is not always possible to consider all this factors and specially if the person is newbie in trading. However patience is often the key in trading and making profit in trading.

On these kind of scenarios when we do still a newbie then most likely we would end up on cutting lose but if we do already learn from this situation then we would eventually hold up than on cutting lose and to get rid of huge gap on entry price then we should really always buy at the dip so that average entry price which would really be much lower compared into the original one. Having more traders is always good the more the better.

[lukesimon]

One more thing about this is your game plan. What strategy will you use. Are you going to do day trading or a long term hodling? You need to consider the market movement and how does a project affect the value of its coin. Understand the basics first. Bitcointalk will be your encyclopedia and one of your best resource when it comes to studying this field.

And to answer your question, I will say, it's neutral. There are different types of traders that affect the movement of the market positive and negatively.

[MV7]

New traders are generally pretty good because they provide more liquidity. They might mess up coin prices for a bit, but experienced traders can take advantage of this find timings for buying and selling.

[AlexKr]

New traders really are good. The growth of participants is always good for the development market of crypto currency. Today, more and more people are interested in the market and the Crypto currency market is growing. Thanks to this, we see that many countries can not ignore this. Some countries go through the legalization of mining, operations with crypto currency. I think that the increase in the volume participants market of crypto currencywill increase this trend.

[tatum506]

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 the digital money market is a very new market, only 7% of the world's population knows it. It can be said that the pre-codec market is extremely large and potential, which can give investors huge profits. It can be said that if the market of many traders will not affect the profit of each person, but we will be difficult to guess the market more and will be a complex.

[BitHodler]

New traders are generally pretty good because they provide more liquidity. They might mess up coin prices for a bit, but experienced traders can take advantage of this find timings for buying and selling.

What do you exactly mean with they can mess up coin prices? If you're referring to more traders joining this market resulting in higher overall coin prices, then yes. If not, then explain what you are referring to in more detail.

If we look at the general crypto market, then we have seen the market increase far beyond every prior bottom, resulting in a gradual process that translates into a higher price as long as new money comes in.

If we ever end up falling below one of the previous bottoms, it either indicates a severe bear market, or just a lack of funds flowing into this market, where the latter is more often than not the case.

In the last years we haven't seen the market fall below the previous bottoms, and as long as crypto remains relevant, which shouldn't be a problem at all, we will keep growing and see this market become a trillion dollar industry.

[rickadone]

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.

By regular, I can assume that you are referring to professional traders. Well, in a way you are right. It is not like having aspiring traders, those who are ready to learn and those who see trading as gamble, is a bad thing. At the end, those who just gamble their way into trading will learn those lessons eventually or get thrown away.

Still, based on your point, the pro traders coming in will be able to trade without the crazy level of volatility which at times, is caused by panicking traders. In the long run of it, more traders mean more growth and that is what we have always wanted anyway.

[Woterry]

In my personal views about that matter I think that the influx of new traders in the cryptocurrency market is a good thing as it will let other cryptocurrencies in the market to become more profitable. Just like what happened last December when Bitcoin is not the only one gaining as majority of the cryptocurrencies are also having a price rally of their own. And I don't think that more traders would necessarily mean more competition as there will be always a match for your buy/sell order.

Makes perfect sense, just a simple law of supply and demand. But in this case with regards to trading, supplies wont have any scarcity or a glimpse of depreciation. If that happens, a lot of traders who has that coin that experiences scarcity, they will gain a lot. So I don’t think there would be competition between traders, but competition vs currency flow or law of demand.

[ngavanngo22]

I think the more traders join trading, the better cryptocurrency will become. But maybe it'll make trading become harder to earn money cause it'll make trading become more popular so more people will know about it and invest in trading of course rich people will not miss this big chance to earn money, they will try to dump the price of the coin they wanna invest in at the start so it'll make traders feel panic a little bit

[serjent05]

I believe the pro of having more traders coming in is the coming in funds, the support of the market will be strengthen and the demand for Bitcoin will grow which means the price will definitely goes up.  The cons is that, having newbie traders entering the market, if majority of them does not do their assignement they will possibly lost in the trading game.  That will somehow discourage other people to join in if they heard that lots of traders lost funds during the dip due to panick selling.

[Swanson]

Good of course. The more new traders come, the more old trades earn.

[dzhan]

I think if the number of crypto traders increase highly, it will help the community and it will make the crypto prices higher, and it will also help to spread the word even more about crypto currencies in general. Having small number of traders is badly affecting the market and not giving traders many choices.

[yesss]

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 that if there are more trader in the market, of course, it will be very good, it will help the market to boil over and also reduce the shark dominating the market due to high financial capacity. More traits will help the market more harmonious and balanced. I believe that trading also gives us a lot of profit and returns that will come on a regular basis and secure if we are able to recognize the market.