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Author Topic: Can a poor man get his chance to be rich in Crypto?  (Read 870 times)
Bollexz1
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July 15, 2021, 10:14:44 PM
 #21

I have always thought of Cryptocurrency to be a middle class and rich class' investment. You can take risks investing $10,000 or $100,000. Hell, even $1,000 can be an investment now and the rich man and the middle class can have that amount to spend. My question is, how about the poor guy? Does he have the opportunity to be able to turn his life around and become rich in crypto? I put this in the serious discussion so at least we can discuss this without promoting any specific coin. I have some struggling friends who I like to help but they have this life where their salary is only enough to feed themselves for the day and they can barely save $100 for other things. Let's be real, will he be able to get the life he wants with crypto? I appreciate your thoughts on this.

Absolutely yes!
I'm a living testimony. I'm an African and from one of top countries that corruption and bribery has been accepted as a legal tender by her government, which indeed contributes to economy wreckage. I could barely feed back then not until 2017 I got referred to crypto by a genuine colleague of mine at my place of work. I started crypto with barely nothing as I actually begin with just Airdrops and now bounties.

To cut to the chase, I'm an investor now, although not as big as other big guys around here but I can boldly say I'm making x10 of what I used to earn at my former workplace.

Truth be told, I'm a student and still a baby in the Crypto space but huge thanks to the community who has one way or the other help me a lot. I've really come this far and I'm not sure not backing down.

So I will always thrive to learn more.

Thanks to everyone ✌️
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July 16, 2021, 02:06:38 AM
 #22

I have always thought of Cryptocurrency to be a middle class and rich class' investment. You can take risks investing $10,000 or $100,000. Hell, even $1,000 can be an investment now and the rich man and the middle class can have that amount to spend. My question is, how about the poor guy? Does he have the opportunity to be able to turn his life around and become rich in crypto? I put this in the serious discussion so at least we can discuss this without promoting any specific coin. I have some struggling friends who I like to help but they have this life where their salary is only enough to feed themselves for the day and they can barely save $100 for other things. Let's be real, will he be able to get the life he wants with crypto? I appreciate your thoughts on this.

Crypto if for many many many years to future !!! If someone buy for 10 000 $ now, after 30 years he get 50 000 min(I think 50 000 will be in 5-10 years max), I think. Because no one cant stop crytocurrency.
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July 16, 2021, 07:35:46 PM
 #23

Yes,
being rich is a very strange term because it means something different to different people. I believe if you were to save a small amount in a solid project like bitcoin, ethereum over time then you can definitely grow and secure your wealth.
Bitcoin gave huge returns to people in long term but is that enough to make you rich?

No, you need to have multiple sources of income which will keep your cash inflow consistent or in gradual increase so that your total asset value will increase in long term.
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July 26, 2021, 08:49:07 PM
 #24

Simple answer, if you could spend 10 USD in 2011 yes. So it was accessible to everyone, it is just that to be in the loop you would probably needed to have the right interests and perhaps know the right people at the right time. Individuals claiming self sovereignty, cryptohackers, cypherpunks, doctors in math, ... all these got a better chance on jumping on the project early.

The thing is that for someone poor, it would have been very difficult to hodl when it made a x1000 or a x10,000, since that amount would mean a life change for the person.
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July 29, 2021, 09:47:14 AM
 #25

It depends on the definition of the poor. If a person is so poor to the extent he can not even be able to afford a broswing device like Android or computer, such person can not even make it into crypto because of the level of poverty he is experiencing. But if someone is not that poor, but yet below average, exposure and knowledge about crypto can help him. If doge can increased 30x in less than a year from $0.0022 to over $0.7 this year, that means there are opportunities for such people to become rich. Not even only Doge that increased to such large value, almost all cryptocurrencies in the first 500 according to marketcap all really increased. This is not yet the last opportunity as another big event which is bitcoin halving is coming again by 2024, people will fomo again and another opportunity for the below average people to become rich.

I read your notes on this and I do agree that he needs to have the proper tools to be able to work with crypto like a device such as a pc or laptop and a stable internet connection. When we had a small gathering of crypto enthusiasts at my house, one of my friends mentioned that they know someone that made a million pesos in shiba inu, and his investment was like only 5 thousand pesos. Imagine having the power to invest early in a cryptocurrency that has high risk, and be able to pull off a big one making your meager investment a very big one. That kind of luck is something all of us wants to happen in our lives at least once or twice. Be able to amass a fortune.
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July 29, 2021, 10:28:01 AM
 #26

I have this friend that I worked with before. He is a hand to mouth salary man. I have already taught him some of the things I do in Binance. He says he knows how to do these the only problem he see is the time and the capital he needs to use because of his nature as someone who can barely make ends meet. All I can do right now is simply share what I do to help him get the knowledge and I will consider it a failure in case he was not able to make his crypto journey a successful one.
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July 30, 2021, 02:46:01 AM
 #27

I think investing in cryptocurrency is the best advice for a poor person. Especially now that the cryptocurrency market has adjusted for so long. This investment requires long-term and patience .And computers and networks  are not very necessary. No frequent operation is required in  cryptocurrency market.
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July 31, 2021, 05:01:27 PM
 #28

You should not have that 1 view on getting "rich" with cryptos. Even with 0 budget a poor man could have a good idea (for a website as example) and make a bank with the growing cryptoworld.
Don't think only money can make money. It's easier yes, but don't makes other ways impossible.

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August 07, 2021, 02:47:55 AM
 #29

You should not have that 1 view on getting "rich" with cryptos. Even with 0 budget a poor man could have a good idea (for a website as example) and make a bank with the growing cryptoworld.
Don't think only money can make money. It's easier yes, but don't makes other ways impossible.



Since, you mentioned "0" budget, do you think it would be possible for a poor man to come up with some ideas that he can implement in the digital world? Let us say a budget of $50 you can set up a small business or small website business for the poor man? I know Binance p2p might be a good start as well if one can buy and sell cryptos then that would also be a good start as well. But I am really into the minimal budget. I cannot give my friend big funding but at least I can lend him a small amount.
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August 07, 2021, 05:44:37 PM
 #30

I don't think so, because even to invest in Crypto, you need money and a poor man cannot have it so they can't invest and can't become rich
Rehan Zakir
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August 26, 2021, 07:32:25 AM
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 #31

The poor persons can also change their lives with crypto currency. He tries to invest small amount such as 50$ or less in strong crypto projects. He has to invest small amount of money on monthly basis. Or when they feel this is a spare money then they invest this money in crypto currency coins. And hold the good coins for 5,10 years i think after that years he will be rich. Because there are many projects that are still available at very cheap prices.
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September 03, 2021, 03:55:24 PM
 #32

"Poor man gets his chance to be rich in crypto?" This is not only possible but it has happened with a lot of examples. cryptocurrency has changed the entire life of many. person. It provides not only good trading, business oppurtunity but it is a good positive activity for all ages of person. Especially student is obsessive in this business and also very successful.
The old-aged person also has good activity and earning sources through cryptocurrency.
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September 10, 2021, 08:20:04 AM
 #33

I can say yes, since I was able to start without any money literally start from 0 to $1000+ but of course it take some time and effort, practicing skills such as trading and hardworking like participating to bounty and signature to have some startup money though it's not easy I can tell that it's possible based on my personal experience.
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September 12, 2021, 10:12:31 AM
 #34

You need a computer and time to learn. There are many ways to make money with cryptocurrencies. I noticed many people are participating in airdrop, bounty, blogging, crypto video creator, community manager ambassador, programmer...
Those are jobs that can help them earn an income. Once earned, investment work will begin. Many people have stepped out of poverty and become well-off.
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September 24, 2021, 11:41:11 AM
 #35

I have some struggling friends who I like to help but they have this life where their salary is only enough to feed themselves for the day and they can barely save $100 for other things. Let's be real, will he be able to get the life he wants with crypto? I appreciate your thoughts on this.

Buddy, it is quite possible that your friends became rich through crypto regardless of their status, but from my understanding, there are a number of important things they will have to consider in their crypto investment including patience which is the most basic thing.

In crypto it doesn't matter if you invest $10,000 or $100, we will all make a profit based on what we have invested, the only important thing is to know the basics about investing so we know what we are doing and be able to avoid unnecessary losses. I also come from a poor family, but I am no longer dependent on my parents, I am independent now and I dare say my life has improved by a very large percentage unlike before. So your friends should learn about crypto and then dare to risk at least $100 by investing in crypto. They will make only a small profit but it does not matter, the important thing is to be patient and grow their capital. There are currencies that can give you 10% to 50% monthly if you are a good trader who knows how to do technical analysis and be active at least for 5 hours a day in different exchanges. So if they'll learn and be careful, within a year they can grow up to $1000 from the $100 they started with. $1000 is not that much for a year but for someone who is just starting investing in crypto and successfully grew his/her capital from $100 to $1000 within a year, then he/she is a very good trader!
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September 24, 2021, 03:02:45 PM
 #36

there are many ways. but all of the take effort and a mindset to stay organised and in control


I believe that a poor man, anyone actually, could get his chance to be rich in crypto as much as those who belong in the middle and upper class of the society. With the right mindset and drive to take effort, anyone could surely get around crypto and be rich. Crypto has presented many doors of opportunities, it just a matter choices and motivation for a person to be able to maximize those opportunities.
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September 24, 2021, 06:34:56 PM
 #37

As long as you have the will to keep striving even when things seem a bit hard and you don't go at it from a unplanned, risky approach, you will steadily make money with anything as long as someone deems it useful. Don't ask what crypto can do for you, ask what you can do for crypto  Tongue Grin

The poor man should start with bounty campaigns, doing tasks and learning about the different kinds of projects which exist. You gain experience and earn money. At some point you will have enough experience to start something of your own.
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October 09, 2021, 05:37:47 AM
 #38

With an open state of mind, following the right people in the crypto spere, doing the right things by changing your low/poor thinking abilities.
Definitely one gets rich while doing the right thing in whatever he/she does.
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October 13, 2021, 03:29:50 PM
 #39

Everyone including the poor has a chance to be rich in crypto. This is not only a statement but I have seen it in my surroundings. In fact, only Bitcoin and cryptocurrency provide a lot of chances to a poor to improve his financial condition and earn money through hardworking in this business. There are equal opportunities for everyone maybe rich, poor, or middle class to get betterment in the bitcoin trade, etc.
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November 08, 2021, 05:35:59 AM
 #40

Poor man have like hundred percent chance to be rich on Earth through cryptocurrency, the way the poor can get out from poverty through cryptocurrency is through plans to get little money to start up something meaningful in cryptocurrency circle, secondly investing in cryptocurrency through trading at first, thirdly going into buying and holding of cryptocurrency for long stay like annually or two years difference of holding a crypto.
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