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Successful Crypto Trading is No Longer Restricted to the Rich and Influential

Trading has always been the playground of the rich, it’s hardly a secret. There are plenty of reasons why — the space comes with high entry barriers and new traders often rely on influential connections to really break in.

It’s an exclusive industry by nature, and it’s unclear if that will ever change. But there’s one area of trading which has always been a little different.

Cryptocurrencies have only been around for a decade or so, but they represent a unique industry of their own. Fundamentally different from traditional stocks trading, they stood for a more level playing field, a chance for anyone with a computer and a little tech-savviness to make it big.

Sadly, crypto today is becoming more and more exclusive. While it’s still more accessible than traditional Wall Street-style trading, there are now barriers to entry that discourage the non-wealthy from enjoying as much success.

That’s a real shame, because cryptocurrency was always about equality, decentralization, and inclusivity.

The good news, however, is that some companies are fighting to make crypto trading success available to everyone. First, let’s take a look at why crypto became more exclusive.

How trading crypto became a millionaire’s game

In all kinds of trading, one of the most increasingly important developments is automation. As technology continues to advance at breakneck speed, the financial industry is keen to make the most of it.

Traditional trading firms have been using automation for a while now, as it brings enormous benefits.

One of the reasons for this is that human error is a serious problem in trading. People are emotional creatures, and often make decisions based on feelings of anxiety and random impulses.

That’s risky in a lot of situations, but in trading it can be disastrous. Algorithms don’t have that issue — they can trade using nothing more than cold, hard logic.

In cryptocurrency trading, automation is even more important. That’s because crypto markets are famously volatile and operate on a 24/7 basis. Markets can undergo massive changes at any time, without a whole lot of warning.

It’s unrealistic in the extreme to expect traders to be monitoring the markets 24 hours a day — especially beginners. Solid, dependable algorithms make the important decisions when traders aren’t around to oversee things.

For these reasons and more, algorithms give a huge edge to those who can use them. The problem right now is that not many people can.

You see, building a trading algorithm – one that actually works – is not an easy task. It requires a fairly advanced level of coding knowledge to do properly, which is something most of us just don’t possess.

Fortunately, this isn’t an issue for those who can afford to simply pay an accomplished programmer to build algorithms for them. But most of us don’t have that luxury either.

So crypto trading finds itself in much the same position as traditional stocks trading. Those rich and influential enough to hire skilled programmers to build their algorithms have a big advantage over those who are forced to go it alone.

It’s not the best situation for hopeful beginners, those who just want to make money trading crypto but don’t have the means to use automation.

So what’s the solution? It’s actually fairly simple — make algorithms available to ordinary, non-wealthy traders.

That’s easier said than done, for sure, but there are companies already working on it.

Algorithms for everyone

Capitalise already has a solution in place. The company has developed a tool that makes algorithms available to every trader, even those without any coding experience.

Their SaaS platform simplifies the algorithm creation process, allowing users to enter instructions in plain English, and design their own automated trading strategy. This allows them to automate trades on exchanges without requiring any kind of programming skill.

Even better, those who are smart and insightful enough to build truly successful algorithms will be able to sell them within the platform in the future. That means users can make money from their success strategies while helping others do well.

The idea is to level the playing field and make crypto more accessible to everyone. This way, it won’t be necessary to pay big bucks for a programmer to build your algorithms, and the wealthy will lose that particular advantage over everyone else.

Crypto has always stood in defiance against established financial hierarchies and the dominance of traditional finance, and Capitalise is another step in that direction.

It falls in line with the principles surrounding the crypto space — the importance of decentralization, equality, and a movement that anyone with an internet connection can be part of.