I also agree that it is relatively easier to make some money trading cryptocurrencies than it probably is with forex trade because forex trade is predominantly leverage/margin trade and crypto trading offers far lesser entry points, but I strongly disagree that there are now more number of crypto traders - you only have to take a look at their daily trading volumes, to know crypto trading is still coming up.

Am unable to make sense of whatever point you tried to make above because aside from digressing from the point, your statements are also contradictory. The fact is that those holding Bitcoin are not doing so because of any expectation that Bitcoin would become a currency to be used nation wide, but rather that Bitcoin would receive massive adoption across the globe.

Furthermore, it's necessary to clarify that Bitcoin does not need to become a national currency to become legal in an country and it does not have to replace any local currency! As is, legalized or not in some countries, Bitcoin already is a global currency.

Not long ago depositors in Greece had the rude awakening that their supposed safe funds in the banks were no longer safe as their government without the consent of the depositors, helped itself to some of the funds. So now, you know that neither your money in banks nor your vaults guarantees your money is safe.

As a matter of fact, in today's economy, the best way to reduce the risks up against one's money is by investing them and investing them wisely, free from inflation, devaluation, etc. Any other way to offers to be risk free must be an illusion.

That can become the case if and when the particular fetter, for OP it's impatient and ignorant, is properly addressed and taken out of the picture else there would likely be no end to the payment of the above trading fee. Emotions of any type - positive or negative, if not put under check have been proven to be a spoiler for all category of traders. The way forward is, first, like OP have done - identify and highlight the root cause of the problem and the other, is to be able to decisively address the highlighted problems.

Given that champions are made, we must not fail to see that some people, somethings eventually get trampled along the way. The question then is, why would anyone be willing to be the one under, when they can be the ones on top? The answer must be the reason Abraham Lincoln had this to say - "No man is good enough to govern another man without the other's consent."  

When we narrow it all down to trading, what would be staring us in the face, is the age long fact that knowledge will forever govern ignorance. So a trader, who longs to make the 5 - 10% traders, must have to arm himself with the power which knowledge gives. Other than that, he already consented to make the 90% even without saying or meaning to say so.

I think you're rather economic with the truth, because what you cited is an establish fact of life, known as Pareto principle and it is something that cuts across every area of life and not just trading. It's exactly for the same reason that 75 - 90% of the wealth of the world is in the hands of 5 - 8% of nations.

Good news, however is that anyone can aspire and determine to be within the 5 - 10%, champions are made not born!

It's quite an interesting and engaging promotion, Crypto-Games.net, keep it up! Little wonder you've always been a step ahead of many other crypto-casino sites! I am testing it now, it's 10:48 PM and my transaction already recorded 2 confirmations.

Payment received, thanks Atriz  and TV-TWO!

It is understandable when people not quite used to trading and technical analysis air their views about how impossible trading is becoming and you won't blame them, they're on their tracks! For us traders however, price analysis, price charts, candle/stick patterns, etc are utility tools also applicable in crypto trade and are constantly used by knowledgeable traders to making some good money.

That's sounding more like someone is day dreaming! At any rate, it's worth the note that the governments that dabbed Bitcoin and entire cryptocurrencies as criminals playground are unwilling to change their stance today or anytime in the future. The question begging for answer is, is it the same governments that would turn around to make Bitcoin their national currency or it's another?

Not really a nice one because you stopped short of coming to terms with what has been responsible for your unfruitful venture into forex trade, which is the absent of the right knowledge and skills and not necessarily the number of years, which ostensibly would have been spent in the wrong directions. Trading is an art, the knowledge and skills are learnt and honed overtime before trading can become worthwhile, anything outside of those are the reasons some people would keep saying nothing good could come out of trading.

If one is good and seasoned in forex trade, it follows that they would likewise be good in crypto trade because both are basically the same concepts, differing mostly in scope and capitalization. Most strategies working in forex trade can also be found working with cryptocurrencies and the traders with eyes for those details, do readily cash in on them to make money.

You're talking here to friends and family members, who are most likely not as seasoned or enlightened as you're on cryptocurrency  and don't forget, they are already taking the heat from a plunging market! How easily can one convince a seemingly drowning man?
 
I understand the risk involved in trading or investing in cryptocurrency is enormous and not a thing to be taken lightly, so I personally stay from encouraging people from committing their funds into it until they can appraise the inherent risks by themselves and be able to come up with some pertinent questions.

It's  actually a double edged sword that Bitcoin transactions are irreversible because whereas on one side,  it means you're of chargebacks,  on the other side it means I'm the event that one mistakenly sent his coins to a wrong address or in case of theft, only miracle can bring back the money.

The transaction fees and confirmation time are becoming impressive one more time and that is going to mean payments can be made even across borders at never heard rates and that is one of the highlights of Bitcoin.

The main reason people are not profitable in forex trade is dearth of trading knowledge and skills and one doesn't come into that by wishes but by diligence and purposeful search for knowledge.
Yes the forex market is unpredictable and so are every other markets, cryptomarket inclusive, but the duty of a trader to make educated guesses about the market because at the end of the day,  the market is still all about human psychology, which if studied can be guessed.

Don't  start a losing battle, there's always someone controlling one thing or the other and should you become well capitalized tomorrow, you'll become one of them too.
Forex trade was meant to have laid a good foundation  for trading, so if that's missing out, getting it right with cryptos   is sure to be an uphill task.  

HODL is not risk-free either and having some requisite trading knowledge is vital for getting the best out of the strategy as there're  cases of especially those with little or no trading knowledge or experience losing almost 100% of their funds at the end of the day thus defeating the purpose for HODLing. I trade and I also HODL, it all depends on what the market is saying.

That's if you invest wisely and if you must invest wisely, then you must create time to study and understand what you would be investing on, because  there really are no free lunch anywhere. If your trading activities are not backed by knowledge and skills, then it's best to forget it because that would be gambling. Take for instance a worker, who jumped into the cryptomarket with the intention of buying and HODLing, only to pay for Bitcoin at $19,xxx, would that be called a worthwhile venture?

Something to cheer about is that a falling market doesn't mean the market is threatened as both up and down movements are necessary for the survival of any market. Instead of freaking out,  a trader can do much better by improving on their skills for analyzing and interpreting the market. It's like some people complaining of computers taking over jobs, does that mean there are no more jobs people can do?

There's risk whichever way we trade and a trader's business is not to wish the risks were not there but to become able to manage them effectively. If the market where to be without any risk, we wouldn't have been here talking about trading, because there would be nothing to gain out of it.

Like they say, knowledge demystify mysteries and knowledgeable traders do not stand in the way of the market, rather they create ways like ants to circumnavigate an obstacle. For instance a day trader can after ascertaining the dominant trend of an asset, settle to place trades only in the direction of the trend, thereby refusing to swim against the tide and greatly increasing their chance of ending in profit.

Might be a guessing game for a number of people but for the host of other Bitcoin enthusiasts, it's a serious business that demands vast knowledge and planing for success to become accomplishable and sustainable. Media attention is like a double edged sword, it can either be a leverage or a stumbling block and no one gets to choose for others.