More traders.... Good or not?

[Gaaara]

It is good for short term traders or who trades for a low but fast profit, but it does not affect long term traders or traders who buys then hold it and expects a big amount of profit. Either way more traders is good for the market as it will have a more faster flow, the more trader the more it affect the value so if there is 2x more traders then the movement is 2x faster and 2x more profit or 2x more loss. Basically it just adds a speed for the market and makes the value more uncontrollable.

[Miracleismyidol]

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.

I think that when the market has more traders, the competition will be larger and the market will be less affected by the number of people with high financial ability to acquire and dominate the market. More traders will help the market grow stronger and firmly, surely we all know that when more people want to own something, the price of that will be pushed up.

[kripto para]

First the new traders will drive the price up (Just like in December) but once there is correction exactly these new traders will start panic selling (just like in January).

[Kevin77]

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

Right. It is more like having huge adoption in crypto and then thinking it is a bad thing. There is just so much to go around, and the more we keep seeing stepping in and most especially the knowledgeable ones, the better for the market to keep growing stronger. I am sure this year will even usher in more investors as well as traders and as long as you have a good knowledge, the OP or anyone in his shoes should be fine.

Traders coming in, both with knowledge and those without adequate knowledge do not make it any different. In fact, it even makes it better, as the more the merrier. However, looking at the market, it is obvious we have a lot of weak traders in the market who are just busy gambling. Nevertheless, it is in any other market, so at the end of the day, traders cannot be too much. Good that you said you have learned and have prepared yourself very well for the journey, because some do not, and with that you should be fine.

[strongwarrior238]

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 many traders will be good for the market, we can see more and more countries are more interested in the digital money market that makes the number of traders increasingly. Everybody wants to learn how to trade so that they can profit every day. The fact that many traders will make the market more balanced and stable and difficult for some market dominators. But trader is in trouble as the whole market in early 2018 goes down.

[AjithBtc]

More the trader into the network, more will be the buying and selling of bitcoin causing more circulation of bitcoin and other digital currencies through the exchanges generating more value to the growth of bitcoin as well other digital currencies. More traders will surely contribute good to the growing world of cryptocurrency.

[Roachgo04]

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 players in the market are more beneficial to the crypto. Traders plays important roles in the growth of crypto, they are the catalysts in the market . I imagining that all of stock market traders jump to the cryptomarket and that surely has big impact to cryptoworld.

[macchiato]

Depends on which side of the trader you are referring to. Traders always come in two sides: Buyers and Sellers. More buyers means the demand of the coin is high. This situation is beneficial to the sellers point of view because it means more profit for them. More sellerd meand the supply of the coin is high. This situation is beneficial to the buyers point of view because it means that they can buy more coins with a small amount of money. The market is not fully dependent on traders. There are also a lot of other factors that affects the market movement.

[FoBoT]

In this world, thinking about reality over legality, the tendency of some people gaining at the expense of some others can never be ruled out ironically. More traders experienced or not coming in could pave way for advanced and experienced traders to make more gains at the expense of many new traders with little or no experience at all in the field gushing in unlimitedly.

[Golftech]

Depends on which side of the trader you are referring to. Traders always come in two sides: Buyers and Sellers. More buyers means the demand of the coin is high. This situation is beneficial to the sellers point of view because it means more profit for them. More sellerd meand the supply of the coin is high. This situation is beneficial to the buyers point of view because it means that they can buy more coins with a small amount of money. The market is not fully dependent on traders. There are also a lot of other factors that affects the market movement.

I can agree with that, the market needs the traders in that particular aspect, the continues flow of trades but in terms of influenced and how the movements will moves its is depend on how the developers will bring innovations to their project, the more updates and the more usage the more
buyers and supporters will embraced the project, this also another aspect where traders will see the potentials of this certain system, they will ride
when more people are willing to support.

[just_Alice]

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 can't be prepared for trading, I think only months-years of experience can teach you how to behave under different circumstances and have a sober head in a panic. New traders is a good sign, it mean that demand on cryptos is increasing, but, as you said, the competition aspect takes place too, this may lead to transactions problem as well.

[btcformula]

According to economy when demand increases the price of a commodity increases as well if the supply is same, so new traders in theory are a good sign for the market.

[Nikkolodeon]

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 wouldn't say that trading is easy and safe. I suggest you should learn more. Because in trading you are not always gaining profits you will also experience an unpreventable losses. Trading is like a wheel of life there are profits and  there are losses. I hope you understand that.

Having more traders means a good news because the more traders the more cryptos getting popular and it means a huge volume.

[sunder54]

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. 

[lvincent]

Trading is much more safer and easy to learn, it is easier said than done trading is unpredictable and complicated you don't really want to enter trading with that mind set or you'll lose your capital.
 
More traders in crypto well for me it will be good, if a lot of people are entering crypto trading cryptocurrency population will rise it will increase the market cap and the network of a lot of coins. But always remember that too much is always harmful

[aardvark15]

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?

Generally I think it’s good to have more people interested in cryptocurrencies and that are willing to invest in them. This will help with mass adoption and spread interest even further.

There is always a small negative when a new investor puts money into something they don’t know much about though. This is especially true when they invest at an all time high and then the market crashes. We see a lot of these newbies losing money and panic selling.

[KourtneyK]

New traders are actually beneficial to the market however there are some traders who just jumped in the boat without even trying to learn about trading and whatnot, all they think about is that they've heard from someone that they could earn or make profit ten times they gain profit from saving money in the bank. So it would be much better for new traders to take some time and learn more about trading first before joining the trading society, it really helps a lot and yes it is risky but it is worth the risk.

[star19]

In This time there are too many people start crypto currency trading and most of the people don't understand crypto currency trading but they want to start trading and lose his money trading is a not a very easy if you want to professional trader you must learn about crypto currency trading then start trading for your better future.

[meyklove]

Its not easy to be a trader even if you keep only reading and not doing in actual because not all traders gain from trading, they also lose.

[finzyoj]

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.