Cryptocurrency trading has always been fundamentally different from traditional finance in lots of ways.
It’s more inclusive, easier to make big and quick gains, has lower barriers to entry, and doesn’t require huge startup costs.
Maybe these are the reasons why crypto has been so fiercely and constantly undermined by the elitist financial class ever since it’s been big enough to catch their attention.
Crypto represents a marketplace where you don’t have to be a millionaire to get started and achieve huge success.
This article tells the story of a man who started with an investment of just $3,000 and made enough money to retire and travel the world in enormous luxury forever.[1]
This market has the potential to redefine the way we think about trading. But even so, it isn’t as equal as it could be. There are still many opportunities for the wealthy and well-connected to secure big advantages.
That means there’s still some work to be done. It’s important to preserve crypto’s values, make things fairer, and ensure that newcomers to crypto aren’t excluded because they don’t have enough money or influence.
First up, let’s take a look at why less established traders might be finding it harder to break into crypto.
Excluded from Tech by Tech
One of the biggest things preventing ordinary traders from having real success with crypto is algorithms. More specifically, how difficult good trading algorithms are to build and access.
In traditional, Wall Street finance, algorithms are a staple of the profession. They’re widely used by trading firms and those in the know because they bring massive advantages to the table.[2]
Algorithms take care of the mundane, repetitive parts