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Author Topic: Advice for poor people who wanna get some crypto  (Read 3645 times)
bakasabo
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August 26, 2022, 06:48:45 AM
 #261

My advice: first try to solve the problem with being poor. Investing in cryptocurrency is not a solution of being poor. No one gives you any insurance; you might become even more poor after getting some crypto. Second - getting some crypto when you poor, means limiting yourself in something even more. Cryptocurrency is closely intertwined with patience and long periods. Ask yourself, can you survive for unknown period of time, after realizing that you have turned from being poor to being more poor. In investment, having a pillow of funds is a must.
I guess the OP is hoping to get an investment asset from something free. he gets assets from registering on coinbase. and want to get more from elsewhere in the same way.
this is not related to its strength to survive in the market with the capital it has. I wonder if he was able to develop the assets that he got for free from the events he might participate in. with small capital in trading I guess he can start learning to make a profit.

Something for free? Like airdrop of free crypto for registration? I think this is a path to nowhere, if a person really wants to change something in his life. I believe something that is given for free (if we talk about already developed something) will never be a life changer. Similar is related to bounties. If you get something easily, then it will never turn into piles of gold. To get rich, working hard is a must. Getting rich easily or with free stuff is sort of an exception. Only 1 out of thousands can achieve that.

 
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August 26, 2022, 07:02:39 AM
 #262

Borrowing so you'll have investment capital in crypto will only dig you deeper into a pit of losses because we all know that it won't work since the market is too volatile. It will be wiser if you'll be smart in managing your finances and focusing on saving so you'll have enough funds for investment. Relying on loans without any assurance that you can pay them will not make your blockchain journey successful. Trading requires knowledge and enough courage to deal with the volatility of the market so borrowing would be a risk.
Loans will indeed be a big risk but for those who are not ready and do not know the trading knowledge they are doing. I have already said that this loan is intended for those who are professionals and feel lack of funds to trade. sometimes professional traders increase their capital by making some loans, and they are responsible for it. Fund management is indeed the main point that must be done. Celsius class big crypto companies even make loans to stabilize their liquidity, of course they make loans with clear goals.
That's right, not all traders immediately make loans because a professional trader certainly has a strategy and is responsible for making loans,
this should be realized for all traders especially for beginners,
risk will always be there and we can't avoid it completely

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August 30, 2022, 04:20:08 AM
 #263

Invest in education first. If you are strong with knowledge, you won’t have difficulty in making money. But you would need money to invest, not a lot. You can start with a small capital, but remain consistent with that. Results will show. Good luck!
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August 30, 2022, 04:32:22 AM
 #264

Coinbase is a safe choice to start with, however, there are a few things you should know before you start sending or receiving crypto. Yes, there are lots of free gifts out there. Be warned though, many of these require you to perform some type of action like following them on Twitter to collect your free crypto, so be sure to read the fine print first before taking any action.

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Bhig Daddy
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August 30, 2022, 05:07:14 AM
 #265

To get free coin on coinbase, I think you will need to make deposit first. I dont think you can get free coin anywhere now, the last people that were so lucky was in 2015. You need to work and earn so you can invest, it not easy for anyone. Again always be in this forum so you can learn.
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August 30, 2022, 05:46:22 AM
 #266

To get free coin on coinbase, I think you will need to make deposit first. I dont think you can get free coin anywhere now, the last people that were so lucky was in 2015. You need to work and earn so you can invest, it not easy for anyone. Again always be in this forum so you can learn.

currently nothing is free and easy to obtain. all require capital, although there is not worth the work done. the best way to get crypto is by investing or if you have skills in the crypto field you can create a portfolio so that people can use your services, such as creating bbcode signatures or becoming a manager and other skills. so don't expect free crypto too much because it's very uncertain at the moment.
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August 30, 2022, 06:31:16 AM
 #267

You should work on your budget first. That’s how you can build up wealth.

If you don’t have a budget already, consider this 70/20/10 budget:

https://www.clevergirlfinance.com/blog/70-20-10-budget/

A wise man once said: you get rich if you spend less than you earn!  Smiley

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August 30, 2022, 06:58:24 AM
 #268

The best advice for poor people is that if they want to buy a crypto, first invest their capital that will not need to be withdrawn at the time of need.  Second, make your investment in a strong coin. Choose a good project coin and invest in different coins instead of one coin. Always wait for a bear market.  Buy crypto whenever the market goes down. And always sell your crypto in the bull market. Buying in the bear market and selling in the bull market is the best crypto strategy.There are many cryptos which have very low value at this time like Mana,Sand,Matic and Dot etc.

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August 30, 2022, 08:47:15 AM
 #269

Unlike the market, it is good to invest a small amount on cryptocurrency regularly. It can be $25 or even lower than that. Same time you should not keep this into your calculation as Money. Maybe in an year you might be able to invest $300, but the same have the ability to turn to $30k/$30. It is upto the market situation, so save in the form of cryptocurrency and surely it'll profit you in the long run.

When you do this, automatically you'll get to know about making trades with which you can learn as well as increase the holding through regular buying and selling practice.
good advice. i myself tried that and it worked pretty well. i even invested small amounts such as $15 to $20. the profit i earned was low like $2 or $3 on each trade. but for long term and for learning prospective it is really a good strategy. and also this way you can avoid major lost becuase you will be investing in different coins not in one coin.
it is also advice to follow a good signal provider and invest those small amounts on those signals. sometime they get filled within a day.

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August 30, 2022, 10:08:45 AM
 #270

Unlike the market, it is good to invest a small amount on cryptocurrency regularly. It can be $25 or even lower than that. Same time you should not keep this into your calculation as Money. Maybe in an year you might be able to invest $300, but the same have the ability to turn to $30k/$30. It is upto the market situation, so save in the form of cryptocurrency and surely it'll profit you in the long run.

When you do this, automatically you'll get to know about making trades with which you can learn as well as increase the holding through regular buying and selling practice.
good advice. i myself tried that and it worked pretty well. i even invested small amounts such as $15 to $20. the profit i earned was low like $2 or $3 on each trade. but for long term and for learning prospective it is really a good strategy. and also this way you can avoid major lost becuase you will be investing in different coins not in one coin.
it is also advice to follow a good signal provider and invest those small amounts on those signals. sometime they get filled within a day.
Good advice like that really needs to be tried and even though the profits are not big but it does at least make a profit,
especially for beginners I think it will be suitable because the risk is not too big,
In investing, of course, there is no need to be in a hurry and adjust it to our abilities

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August 30, 2022, 06:05:08 PM
 #271

The best advice for poor people is that if they want to buy a crypto, first invest their capital that will not need to be withdrawn at the time of need.  Second, make your investment in a strong coin. Choose a good project coin and invest in different coins instead of one coin. Always wait for a bear market.  Buy crypto whenever the market goes down. And always sell your crypto in the bull market. Buying in the bear market and selling in the bull market is the best crypto strategy.There are many cryptos which have very low value at this time like Mana,Sand,Matic and Dot etc.

Poor people should be well determined to save and allocate enough funds as their investment capital. The financial status shouldn't be an excuse if we really want to have financial freedom. Crypto investment is already an opportunity for everyone but we should have the eagerness to prepare for it. The right mindset and willingness to deal with crypto as well as the braveness to take the risks of crypto investment would be a big help.
Yes, I appreciate your words. Those who are financially weak should do a bit of research and invest in suitable coins. They must take risk but it would be profitable. The market will be in a long bearish mood so it is better to keep the necessary funds to safe. When the opportunity comes, they have to take it.

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August 30, 2022, 06:07:24 PM
 #272

Best advise for newbie and poor people first learn some knowledge About crypto how crypto work and how to do analysis then  start trading and also for free crypto join some airdrops ...

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August 30, 2022, 09:18:21 PM
 #273

The best advice for poor people is that if they want to buy a crypto, first invest their capital that will not need to be withdrawn at the time of need.  Second, make your investment in a strong coin. Choose a good project coin and invest in different coins instead of one coin. Always wait for a bear market.  Buy crypto whenever the market goes down. And always sell your crypto in the bull market. Buying in the bear market and selling in the bull market is the best crypto strategy.There are many cryptos which have very low value at this time like Mana,Sand,Matic and Dot etc.
But, the reason why we invest in crypto is to have something to get when we don't have anything left or when we want to pay something but our money is not enough. We don't invest here for nothing and do you think you can bring your money into your grave once unfortunate things happened to you?

So, don't let your money rot in your crypto wallet without using it according to your own needs but if you are poor, you better prioritize other things first which are more important than buying a crypto like food and medicine but if there are extra money which are not needed anymore, that is the one that we are going to use when investing.
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August 31, 2022, 11:24:36 PM
 #274

Best advise for newbie and poor people first learn some knowledge About crypto how crypto work and how to do analysis then  start trading and also for free crypto join some airdrops ...
Learn up with the basic information
Tend to start up on small test trades
Tend to sell out some service basing on your skills
Tend to deal up on tasks that do give out crypto as a reward
and so on....

There are various things but depending on how you would gonna be dealing with it.
Not all would really be that skillful or does have the knowledge nor even capable when it comes to money
which it is really restricting the chances or probabilities for you to deal up with something.

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September 04, 2022, 10:25:31 PM
 #275

You are approaching cryptocurrency with the incorrect mentality if you believe it would "multiply your money."
The one and only fact is that cryptocurrency won't make you rich. If you are in a difficult financial condition, cryptocurrency trading is not for you. Without the necessary qualifications, there are no well-paying positions in the cryptocurrency sector. Simply give up on joining the cryptocurrency industry and concentrate on getting a regular career. I'm aware that 9 to 5 jobs are awful, but you don't have many choices.
Also, disregard Coinbase and any other websites that offer free bitcoin.
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September 13, 2022, 01:57:05 PM
 #276

Actually with crypto not ever person can get cash back but sometimes it is the struggle and sometime it can also be called a luck to accelerate your money in positive direction because some people just put money without awareness that what is the future of this chosen coin and fortunately it becomes accelerated. Other thing is that if you are financially not good so just learn about another way, crypto is not for making you wealthier in blinking of eyes.

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dunfida
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September 13, 2022, 07:58:19 PM
 #277

Actually with crypto not ever person can get cash back but sometimes it is the struggle and sometime it can also be called a luck to accelerate your money in positive direction because some people just put money without awareness that what is the future of this chosen coin and fortunately it becomes accelerated. Other thing is that if you are financially not good so just learn about another way, crypto is not for making you wealthier in blinking of eyes.
if you are not financially well-established, of course there are other things that need to be used as capital to get wealth from crypto. namely by learning crypto knowledge from basic to a more professional level. Cryptocurrencies do not provide any guarantees and anyone who wants to learn about it will benefit. Even from the beginning, I was in crypto with only the time and energy to participate in several Bounty and Airdrop Campaigns, and from there I had the capital to be able to further develop and deepen my trading knowledge so that I could trade and start investing.
A good advice is not to give up under any circumstances, because it is a challenge and the beginning of it all.
Its never been an easy money or something that correlates with that holy grail on making money since you would really be still needing to work you ass off before you could really make money into this market.

You would need the ample skills which would really be the reason for you to make income and there are indeed some tasks which doesnt really need up that much skills but via those simple ones which

even to those people who do have simple understanding could able to do so but being chosen would be the toughest one yet competition is still high into this area.

AjithBtc
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September 13, 2022, 11:35:07 PM
 #278

It isn't possible to make stable out of cryptocurrency within a short time period. Also, it needs investment that can grow over time. The market is volatile and we need to find opportunities out of it. Some might get lucky to make money out of cryptocurrency with ease and the same isn't the reality with everyone. Different exchanges and Crypto service providers give sign-up bonuses, but they'll have their own terms and conditions to withdraw and use it.
CryptKeeper
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September 14, 2022, 05:23:28 AM
 #279

There will be 24 hrs of crypto Giveaways on Twitter on 25 September:

https://twitter.com/cryptkeeperbtc/status/1569600587842428929?s=21&t=j2J65oCehj9FJBPBaQnVyA


Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
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September 14, 2022, 06:06:17 AM
 #280

If you’re in a position where you don’t feel financially secure, have very little assets or don’t have a basic income, I wouldn’t recommend investing in crypto.
If someone considers themselves “poor”, I think there are better investments to make that require littler risk to take then something like Crypto where someone can lose most of your money in a very fast time.
For example, I would recommend investing in gaining skills that could potentially add value to others in the new economy. I am a huge believer in the blockchain and cryptocurrencies but I am in a position now where I have a steady income and can afford to take on more risks than somebody with limited means.

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