08-23-2021, 04:26 PM
Crypto Could be the Last Hope for Middle and Lower Class to Become Rich
<!-- SC_OFF --><div class="md"><p>Every year the wealth gap between lower, middle, and upper classes keeps rising. </p> <p>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. </p> <p>The Fed is printing money, thus devaluing the USD. This hurts the poor and middle class the most. </p> <p>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. </p> <p>But how can crypto change this? Well first, <strong>you will not get rich by day trading crypto.</strong> Holding is the only way to become truly rich. Crypto gives us this chance. </p> <p>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! </p> <p>ADA went as low as $0.08 this year. It’s now at $2.59! $100 in ADA would net you $3,250</p> <p>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. </p> <p>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. </p> <p>TLDR; you won’t become rich by day trading. Holding is the only real way to get life changing money from crypto.</p> <p>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.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/100problemss"> /u/100problemss </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9glvb/crypto_could_be_the_last_hope_for_middle_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9glvb/crypto_could_be_the_last_hope_for_middle_and/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Every year the wealth gap between lower, middle, and upper classes keeps rising. </p> <p>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. </p> <p>The Fed is printing money, thus devaluing the USD. This hurts the poor and middle class the most. </p> <p>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. </p> <p>But how can crypto change this? Well first, <strong>you will not get rich by day trading crypto.</strong> Holding is the only way to become truly rich. Crypto gives us this chance. </p> <p>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! </p> <p>ADA went as low as $0.08 this year. It’s now at $2.59! $100 in ADA would net you $3,250</p> <p>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. </p> <p>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. </p> <p>TLDR; you won’t become rich by day trading. Holding is the only real way to get life changing money from crypto.</p> <p>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.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/100problemss"> /u/100problemss </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9glvb/crypto_could_be_the_last_hope_for_middle_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9glvb/crypto_could_be_the_last_hope_for_middle_and/">[comments]</a></span>Kind Regards R