Ive been wanting and taking my time to enter the trade game. But before I do, just wanting to know the pros and cons of having a lot of new traders coming in.
Trading is much safer and easy to learn. Ive 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 cryptocurrency? Or will it affect the competition inside?
In general more traders there are in the market, the better it is. This for a simple reason: the more people are trading and so spending money, the higher the total market cap of cryptocurrencies will be. But we must say also that newbies are the first to get out of the market and sell, when there are some bad news...
When the number of traders is increasing, these people spend their money, investing it in cryptocurrencies. The coins are growing in their price. And this is cool for the older investors.