Crypto Could be the Last Hope for Middle and Lower Class to Become Rich
Every year the wealth gap between lower, middle, and upper classes keeps rising.
Due to the tax law, and the increasing affordability of homes, it’s getting harder and harder for lower and middle class people to become rich.
The Fed is printing money, thus devaluing the USD. This hurts the poor and middle class the most.
But now we have crypto. Coins like Doge, ADA and others have all grown very fast in short periods of time. Potentially turning hundreds of dollars into millions of dollars.
But how can crypto change this? Well first, you will not get rich by day trading crypto. Holding is the only way to become truly rich. Crypto gives us this chance.
In less than a year, Doge went from $0.002808 to $0.70! If you had put $100 in doge that would have netted you $25k!
ADA went as low as $0.08 this year. It’s now at $2.59! $100 in ADA would net you $3,250
We are still early in crypto, and therefore, there are still a lot of money to be made. Crypto can help redistribute wealth but you need to not play with the system.
The best strategy is to DCA, buy when prices are low, and hold until the money will change your life. It’s a long term investment, so treat it that way.
TLDR; you won’t become rich by day trading. Holding is the only real way to get life changing money from crypto.
EDIT: A market cap today of 1 trillion for an alt coin may sound crazy high. But in 5 years it could sound crazy low.
submitted by /u/100problemss
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