In the world of investing everyone has the goal of making money, the lure of "easy" money attracts the masses. For some it will become a lifelong career. Others are looking for a quick buck. Many dream of "trading" their day job for an exciting life as a professional trader.
The usual path is to scrape together a small stake and fund a live account to test the waters while learning. New traders and investors will have to be patient while they figure out what investing and trading really are. Everyone brings a little bit of a gambler's mentality because gambling is exciting and entertaining. Casinos fill up every day with those willing to risk their hard earned money at a chance to make easy money. Most leave the casino with less than they went in with but they are satisfied they got their money's worth.
Bringing a gamblers mentality to the financial markets will not serve you well. After paying to play you will have to win a mind game where those you are competing against have more money, more information, and more time to profit than you do. It is an unfair game but those are the rules.
Smart Money always has the advantage. They didn't have to be in on the beginning of Bitcoin in order to profit. They have enough resources and clout that they can manipulate the price and get early investors and traders to sell as much of the coins as Smart Money cares to buy by driving the market lower and into their waiting hands. Timing for them is on a long horizon and they don't have to make quick decisions like day traders.
The early investors in a cryptocurrency like Bitcoin are in good shape if they still own their coins but they could potentially feel the heat when a big correction starts to erode their paper profits. Smart Money has the ability to drive the price to levels that most will look at in disbelief. That is part of their business model. This "shock and awe" manipulation gives them the ability to buy advantageously when the price reaches extreme lows and everyone is panic selling, and sell into the exuberant highs where everyone is furiously buying into a bull trap. The media is Smart Money's marketing department and they do a great job at putting out the rumors just at the right time.
Investors have a long time horizon and they have to have the patience of a saint to sit through the long sideways accumulation and the large corrections as the price reaches into new high prints. The traders are the more skilled and experienced operators who have developed methods to profit from shorter term volatility and fluctuations in price, and the gamblers are the ones that are funding the winners because they are always getting in and out at the wrong time due to their lack of regard for risk and proper execution.