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
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.
They are just fooling theirselves to get good gains by trading their bitcoins on daily basis since they cannot actually get passive results for it and might there's just huge chance for them to lost all bitcoins they have if sudden shift of momentum came like a unexpected correction will happen and they are not been prepared for it to happen.
That's why its better if they just use their money for accumulating since nothing more best decision to do that especially if they don't have enough knowledge on trading since for sure they can get more better profit results for hodling than trading. I know we can read a lot of hype stories about their trading gains but people need to understand that this is not consistent result also there's big chance to lose if they are not careful and became so greedy on taking some risky decisions on what they are trying to trade.