Ive 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. 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 crypocurrency? Or will it affect the competition inside?
More traders can bring more liquidity to the market. However, it's not only the number of traders that matters, it's the quality of traders.
It would not be good for Bitcoin and crypto in general if a bunch of newbies started to think they are professional traders, then right after they lose money, they go crying to governments. That would bring bad press, and a lot of unnecessary regulation.