I made a post once titled "is Bitcoin just for the rich? " , I got a lot of reply and the majority said Bitcoin is also for the poor, thats not a really wrong answer, but how many poor folks have made the kind of wealth like the top investors with alot of resources.
I made some more research and I discovered more. I discovered that the rich have a high advantage when it comes to Bitcoin, we should know that Bitcoins high volatility and complex market dynamics often favor those with more resources, this rich folks got what it takes, they have the experience and Market knowledge to do as the wish without breaking a sweat or being scared because they have the funds and can afford to hold through market fluctuations. This guys can make big investments in market analysis, tools and expertise, tell me how will the poor catch up, how will the poor get to such height, how can they afford to overcome fear when there is little experience. It is very challenging for the poor investors to succeed in the Bitcoin market, potentially whitening the wealth gap.
1.I don't like the term "poor investors". I prefer to use the term "small investors" instead of "poor investors". Poor people don't even have the money to begin trading and investing.
2.Rich people have "high advantage" in everything, not just Bitcoin and the cryptocurrency markets. Life is easy, when you are rich.
3.The financial markets cannot guarantee wealth to anyone. 85% of all traders end up losing money. I don't think that poor people should start day trading. There are other ways for a poor person to increase his monthly income and overall wealth. Day trading is very risky.
The wealth gap between rich and poor cannot be filled by trading on the financial markets.
4.What do you mean by "it's very challenging to succeed in the Bitcoin market"? There's no Bitcoin market, there's a cryptocurrency market.
Do you think that it's challenging to just buy and HODL a decent amount of BTC? Is it challenging to do dollar-cost-averaging?