More traders.... Good or not?

[milewilda]

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?

You do have the wrong mentality towards it.You shouldnt mind if there would be more traders because it would be much more better if there are lots of traders since if there would no people or less people would trade then it would really be less activity on trading. We do know that trading market does compose of sellers and buyers the more the merrier.

[JC btc]

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.

For me, it is better to have more traders so that the price of the coins can easily go up when a lot of people withdraw their money.  Don't limit the number of traders share this good news as much as we can so that the world of cryptocurrency will be widely spread all around the world.

[bamboylee]

If there are influx of newbie traders, the old traders will be very happy because there are lots of dumb money coming in. Seasoned traders will eat them alive. In a sense, it is good because there will be lots of movement, but it is just a pity if seasoned traders will feed on them.

So do not get in if you are not sure that you are prepared. And no matter what you do, you will lose some money, so be prepared for that as well.

[Viyamore]

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?

Good question, many new traders approaching is good in many ways,
I will site some of the Pros.
More volume
More hype
More money
Added market cap.

Afterall to add it with you trading is not easy and if you're one of the newbie its a long run.

[danherbias07]

Easy to learn but hard when you are on live.

There will be circumstances when you will panic and will try to sell to prevent the next loss which you dont know yet.
As of the increase in population of traders that is not a problem but a good news.
If my offers will keep on moving up then it would be exciting to trade. We need more buyers but not sellers and I do think most of the traders prefers buying at first before they will sell at a better price. So it is like they are holders too.

[deppil]

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 there will be bad influence and good. First increase in traders will certainly increase marketcap and demand of course it will make the market more crowded and the price will be higher. but with the growing presence of new traders who still have little experience and little mentality will probably make the market more volatile. because most traders newbie easily to panic

[RenBct]

It depends at the scenario, if the scenario is There will be traders to sell or pump of course the market will be more volatile if more traders come in because the market cap will increase so is the market cap which will lead to more sellers and buyers.

[zhekinsp]

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 traders really good for the healthy future of crypto currency but it is not good for the traders,because one trader's profit will be an other trader's loss.
And trading is not an easy job many traders are losing their assets because they strated without any prior knowledge,so if you are a good trader then you can earn money which is irrespective of the how mant other traders.

[bitcad4u]

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?

To get more knowledge about bitcoin trading you can get through any available website for trading.The best among them are bittrex,coin base,localbitcoin.com.
The traders are increase day to day due to the increase  in value of bitcoin.I think you made a right choice.
From my knowledge trading is the best option to get more dollars in sh period of time.

[gohan21]

I am more than happy with the traders so I can not lose a coin or altcoins and invest or buy here because I'm a small trader just a little bit bumpy now.

[Dart18]

The movement of buy and sell will be faster so that is good for older traders. They want their orders to be filled in an instant and they can make that possible.

But this new people will need to be careful with what they are doing.
We dont want another one or a group that will make FUD's because of a loss from a trade.
They should know the risk that they will take before stepping in that war of buy and sell.

[petorosconk]

I think it will bring a positive impact for cypto because the valume will increase and the price of coins also increases, but this is not easy for newbie like you and me

[andrey111]

This is which side to look at. A strong motivation for the behavior of the crowd is its desire to share the majority opinion or follow the leaders. The reason for the trend reversal is often the withdrawal of these leaders from the market.
If you have your own thought out strategy, then never change it and no crowd will knock you out of the rut.
It is good or bad - I would say well.

[djselery]

Yes, having more traders is really good, and a lot better than limited number of traders. This will activate the crypto market more, and it will increase the prices of so many coins and tokens. When the number of traders is small , usually you cant make many orders because the options are also limited.

[Mahanton]

Yes, having more traders is really good, and a lot better than limited number of traders. This will activate the crypto market more, and it will increase the prices of so many coins and tokens. When the number of traders is small , usually you cant make many orders because the options are also limited.

This is the advantage on having more traders which theres really an activity in cryptomarket which means as a trader you would really have that kind of movement where its very active unlike on having no traders which means theres no activity among sellers and buyers which means you cant do any movement that would make you money which means as a trader you wont really like that kind of situation.

[carter937]

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 as more traders entering the market will make the market more and more dynamic and difficult to guess. Traders have a lot of bitcoin and altcoin, so they can dominate the market as they want. I'm really nervous about having a large amount of bitcoin in the hands of traders, who will use it to control the market.

[wildflower18]

I think it will bring a positive impact for cypto because the valume will increase and the price of coins also increases, but this is not easy for newbie like you and me

Somehow you have a good point, more traders are good because this means the market is very active. It has good affect on the volume of a certain coins. The more traders the more you have the chance to earned good profit.

[RoftheN]

It is good for all of us. More traders means more demand of the coins. There is limited supply of bitcoins so price will increase rapidly.

[Baofeng]

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?

For me it will bring good to the market. More traders means more money to make. But if you think that trading is easy to learn, think again. the initially journey will be a test to see how tough you are in this industry. I'm sure you heard a lot of members here complaining that even after 1 year in trading, thy are still at lost. So just be careful if you decided to enter, and only invest what you can afford to lose.

[Ekanenf]

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.

The higher the volume of every coins in the market is a good sign, but to be able to do that, we need also the investors to have more volume in the market, of course the developer of a certain coin must always updating his coin to risen up its value, because if there will be no more updates, then goodbye to that coin, it would be a huge loss to you(if you have some).