quote author=Neobanks link=topic=5479211.msg63812559#msg63812559 date=1710549135]Yes, there is atom of truth in the claim that being a trader is the way to riches because trading will enable one to have a better understanding of the system which is the major factor that will enhance the riches. In otherwise, trading can also have some disadvantage when the prerequisite skill is not well conceive and develop, for one to be a good trader and make riches out of it there must be unprecedented determination and consistency as well as endurance and dedication[/quote] as also trading is just a way for those that are wealthy to make more money , don't be decieved that starting up with small capitals in trading you would be able to secure a good wealth ( though it may have worked for some individuals) but how certain is going to work for you also. The reason I don't advice anyone to go into trading expecially those are that are not financially stable, is because one may have a monthly pay job , with the interest of wanting to trade and invest at same time with his earnings. Inorder for such person to keep he would have to share his earning in different varieties, like some percentage for emergency funds ( for covering of expenses) , trading capital and some for investing. And as a low earner doing so would reduce your accumulation of bitcoin. And don't forget that in trading losses are inegligible (so sometime he may lose his capital in trading causing some set back) . That one need to prioritize in holding instead and forget about trading , when doing so he only have to keep some percentage for emergency funds and some for accumulating more bitcoin. In doing so he would be able to balance the system, making his accumulation more efficient and saving a better future for himself.