The poor people with their reasoning

[Quidat]

For the poor, they like to make money but don't want to take risks, while cryptocurrencies can be profitable but need to take risks. For me this is a very difficult case, I will not convince anyone, but if there is a chance I will share the opportunity with them, and accept it or not, I want them to decide for themselves. We should not interfere too much with them because we are not them, we do not know the difficulties they are facing.

I think it is a matter of luck too - sometime people get rich in an instant - these days many poor people are getting richer by making one video only.
And we middle class people keep wondering why we work hard and keep struggling. But we never get rich. That is what the life is about.

You are right is mate is matter of luck, most poor people are really scared to take some risk of investing in bitcoin, they don't know maybe the moment they invest the economy might turn good tomorrow.
But some of the poor people take one risk to invest and their entire life will suddenly change, i don't think that will be bad idea for poor people to try and invest.

Okay lets say that they had invested with Bitcoin? Then whats next?

For sure they would be expecting huge amount of profits in a short time. (Which it isnt really that realistic)
For sure they are really convincing and believing to themselves that they are already that rich.

On the time that you do make out investment then just make it sure that you are pretty aware of the basics so that you wont really get
that frustrate out on things that you would be finding later on.It isnt really just simple as it looks.

[1715173394]

1715173394

[Razmirraz]

In general, poor people find it difficult to accept new knowledge that absorbs more capital, moreover there is a risk in it to improve the quality of life. They have no savings, it is already difficult to finance their daily life, it is impossible for them to borrow money to invest that has not guaranteed 100% profit.
It's not that they don't want to change their fate for the better, but due to their limited finances, it's difficult for them to do something that has a risk in it. Courage in taking action always offers two possibilities, success and failure. Poor people must have a little savings to do something new, if they fail it doesn't impact the lenders.

[kro55]

We don't know what poor people are going through because we don't live the same way. Some of them are just trying to survive If they are just earning to live so they would have at least a single meal a day, how on earth will they think of investing? I'm sure that if they would have more funds for investment, they will prioritize it. We all have different situations and we're lucky because we can still invest but we can't look down on poor people who are struggling each day just to deal with the hardships of life. We don't have the same opportunities and chances so we should be considerate and just try to understand their situation.

Exactly, everyone has a different situation, we are not in their case, so it is impossible to know what they are going through. All of us here may not be rich, but for me having a smartphone or a computer to work with is not poverty, there are more difficult cases than we think. As you said: they can't take care of 3 meals a day, so how can they invest? No one wants to be poor forever, and everyone has the will to get rich, but sometimes the environment and circumstances do not allow them to do that.

[Kelvinid]

No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

The worst people to serve are the Poor people. Give them free, they think it's a trap. Tell them it's a small investment, they'll say can't earn much. Tell them to come in big, they'll say no money. Tell them try new things, they'll say no experience. Tell them it's traditional business, they'll say hard to do. Tell them it's a new business model, they'll say it's MLM. Tell them to run a shop, they'll say no freedom. Tell them run new business, they'll say no expertise.

They do have some things in common:

listen to friends who are as hopeless as them, they think more than a university professor and do less than a blind man.

How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

I can't blame poor people will behave that way and having that kind of mindset. The truth is that not all are born rich. I hear that poor people are talking about their desires to become rich but sadly, it is really hard to become material due to a lack of support from their parents and also with the influence of their environment. Many people will say that we all have the opportunity to become rich and I agree with that but for the poor people, that is likely too far from happening.

[Sexylizzy2813]

There's something about the poor that you need to know, you don't give what you don't have. Imagine a poor man investing in a business that he know nothing about and he's using his last cash, you think he'll be confident of having a positive outcome? Poor people don't do such because they know if they invest they'll have nothing left.
Is really hard to just use words to convince the poor, to me is better you give them the cash other than trying to get them to invest or something, they know how hard it takes to get the little they have. Business and investment are not for the poor.

[justdimin]

It's not that they are greedy but let's not forget that they are poor so they will still pull out the money that they invest later on. For them it's kinda useless to invest in long term and then the return isn't really that great. This is why most of them got scammed because they mostly fail on those get-rich-quick schemes.

I wouldn't really blame for this without knowing their true story. You are right. For someone who is poor, what important for them is the present and not the future. They are happy on what they currently see in their paychecks but they will feel sad if some of this money are going to be allocated else where becasue they also need it right away for a more important use.

Unfortunately that causes a lot of trouble for them and that's the big difference. If you are poor and you can't wait 10 years and keep reinvesting every dime you can, then it means you should not invest.

Even poor people could change their mindsets, because if you grind and get in debt and just have a terrible horrible life for the next 10 years and still do not waver and invest small amount into bitcoin, you could get a lot better. I have done it, put 10% of my salary into bitcoin for past years, and made a good profit, not so great now but still a profit, and meanwhile I have been in debt, got a loan, paid it back, made credit card debt, got sick, paid hospital bills and many other things and still didn't stop investing.

[xSkylarx]

Just keep in mind that before we ask the poor about this, we need to make sure they can afford it. Imagine they are having a hard time earning money so that they can buy food, and that is also not enough. If that is really their situation, they can't invest unless you give them money, but mostly they will buy it with food. That is why the rich mostly get richer because they have money to spend on investments that even if they fail, they will still be able to get up and continue to live, whereas the poor must take loans in order to invest, but if it fails, we will struggle to pay it back. 

[chrisculanag]

Others is also right that another reason is the lack of financial and also knowledge about the things we want to suggest to them. I'm not a rich person , but I want to change my lifestyle, so I study the investments that everyone's suggest to me , and for me I'll check if there's a good return in case I'm enticed.

Before we pressure poor people to invest into cryptocurency to have their life turned around, have we asked ourselves if this people have money to take care of themselves first before keeping some aside to invest. Investing in cryptocurency mean you have to keep money that you'll not need for atleast 2-4years but this poor individual need every cent that enters their hands because they feed from hand to mount.

Let's not always blame the poor, they didn't have life as easy as you do. You're on an hourly, weekly or monthly income since you're working while most poor people barely have a work that they're doing. Life isn't fair to them so don't make it seem like they are the cause of their problem.

Actually, I am also part of what you call the poor. We don't just invest in cryptocurrency because I'll also study and save from my very small income. I'll agree that our life here in the province is very difficult because of the low education that I have achieved, plus the provincial rate salary here . Instead of investing, we will just feed the family first.

People like that are respected if they are poor and we know that they can also rise in life. It just takes effort and of course a firm trust in God. Regardless of our position in the world, we are still equal to everyone, whether we're rich or poor.

[bitgolden]

How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

Nation you live in matters for this a lot. A person who works just for the signature campaign here and cares about the income there may not be a poor person in some third world country, but could be dirt poor in the USA and can't even survive a week with it. So all in all, it's a lot better if you could just end up working towards making that happen.

I am not saying it would be profitable for you to join signature campaign and you should live amazingly, but based on your nation it should not be too bad if you live in a poor nation. For example minimum salary in my nation and the signature campaign rewards are close to each other, meaning I should be making a decent amount with it if I work hard enough, get one more job online and I am living decently.

[uneng]

How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

Nation you live in matters for this a lot. A person who works just for the signature campaign here and cares about the income there may not be a poor person in some third world country, but could be dirt poor in the USA and can't even survive a week with it. So all in all, it's a lot better if you could just end up working towards making that happen.

I am not saying it would be profitable for you to join signature campaign and you should live amazingly, but based on your nation it should not be too bad if you live in a poor nation. For example minimum salary in my nation and the signature campaign rewards are close to each other, meaning I should be making a decent amount with it if I work hard enough, get one more job online and I am living decently.

Taking signature campaigns as example, it can be a life changing for a poor person from a third world country. The point is if they have English knowledge. Most people from poor classes have a very low educational background. They have difficulties with the native languages of their countries, now imagine how difficult it is for them to write and speak in a foreigner language, like English.

Education is a strong limiter factor in the lives of poor individuals, and that is why many of them aren't able to reach higher life standards. When that is the case I must agree with their reasoning in part, because without knowledge and education nobody can go further. And that is why it's important for government to launch public campaigns on their territories promoting and encouraging education among every classes of the society.

[Distinctin]

Can't even have a proper opinion as this is pretty much over-generalization. A lot of poor people live paycheck to paycheck and definitely can't afford to take risks with highly-volatile assets or with any asset investment.

That is true as most of the poor people live only for daily survival, and even if they do want to invest and experience financial breakthrough, they have no extra funds reserve for investment because all their income only go to the basic needs for their family. So it’s quite inconsiderate to blame their poor reasoning, if only both poor and rich people have the same opportunities to seize, I think they will not chose to live poorly and experience financial struggles.

[Russlenat]

That's quite inconsiderate. Can you imagine many people don't have the luxury to invest because at the end of the month they only have debts left?

The richer you are, the more risk you can afford to take without going hungry or homeless when your investments fail.

Poor people can’t hardly afford to invest not because they don’t want to, but because they have no spare money to invest. And even if they do have the money, they will surely not going to invest it in a highly volatile investment as it doesn’t guarantee secured profits. Unlike physical investments like opening a small food business or a mini convenient store, they can see sure profits from that as long as the business is properly managed.

[lionheart78]

Poor people are poor for a reason and it's usually for their own fault: for not having initiative to work a little more, for declining doing more effort, for rejecting learning something new, added to the fact they can't control expenses properly and are constantly spending all the money they have on the current moment. Poor people are the biggest spenders and the ones who the least enjoy the money they spend, because they do it almost automatically, without measuring the consequences and how the spending could be more advantageous for them.

Are you rich? If you are not, then is it your fault to be born into a poor family?  Is it your fault that your country's minimum wage is enough for a person's budget but not for a family of 3?  Is it your fault that you are laid off by a company that is about to close? Is it your fault that you cannot save money because your earnings are enough for the day-to-day food and that your job consumes 16 hours of your day and yet you are still underpaid? Is it your fault that you are a victim of this called unfortunate events?

It is easy to point a finger but harder to understand why people are still poor.  If getting rich or having a decent life status is easy then poverty won't be everywhere.  I believe there is a factor that maintains people at the poverty level which should be addressed by higher authority.  No one wants to be poor.

Poor people need to change their mindset in order to leave the precarious life they are inserted in. It's totally possible and they surely can, but they have to be strong and show genuine desire to change it at first place! It's an inner battle against themselves everyone has to face sometimes, for different reasons.

I do agree that mind set is one of the critical factors in one's status upgrade.  But I do believe that most poor people have this in their mind but the environment is not suited for this kind of mindset because the government hasn't done anything to present or make these opportunities possible to their citizens.

[uneng]

Poor people are poor for a reason and it's usually for their own fault: for not having initiative to work a little more, for declining doing more effort, for rejecting learning something new, added to the fact they can't control expenses properly and are constantly spending all the money they have on the current moment. Poor people are the biggest spenders and the ones who the least enjoy the money they spend, because they do it almost automatically, without measuring the consequences and how the spending could be more advantageous for them.

Are you rich? If you are not, then is it your fault to be born into a poor family?  Is it your fault that your country's minimum wage is enough for a person's budget but not for a family of 3?  Is it your fault that you are laid off by a company that is about to close? Is it your fault that you cannot save money because your earnings are enough for the day-to-day food and that your job consumes 16 hours of your day and yet you are still underpaid? Is it your fault that you are a victim of this called unfortunate events?

It is easy to point a finger but harder to understand why people are still poor.  If getting rich or having a decent life status is easy then poverty won't be everywhere.  I believe there is a factor that maintains people at the poverty level which should be addressed by higher authority.  No one wants to be poor.

I know it's my own fault. I don't blame others for the life standards I'm currently inserted on. And I know to have this conscience is the first step to leave the precarity. Everyone has difficults in life, but they can't become crutches to justify your failure, under serious risks of failing forever! Some people have born in poor families, some have to carry family members on their backs, some have diseases/disabilities, some live in dangerous areas, some are completely destroyed emotionally... But they have to overcome this. What other alternative do people have? To wait for a third party helping hand is just a hypothesis and those who chose to wait for it may wait for an entire life without results.

Poor people need to change their mindset in order to leave the precarious life they are inserted in. It's totally possible and they surely can, but they have to be strong and show genuine desire to change it at first place! It's an inner battle against themselves everyone has to face sometimes, for different reasons.

I do agree that mind set is one of the critical factors in one's status upgrade.  But I do believe that most poor people have this in their mind but the environment is not suited for this kind of mindset because the government hasn't done anything to present or make these opportunities possible to their citizens.

Well, that is what I'm trying to do. To change my mindset. To persue something better. To find enough strength and will to do this. To overcome challenges in a daily basis, ignoring the surroundings, the government and everything else which doesn't add and has never added anything in my life.

[Woodrose]

-snip

You know what makes us different from other people? It`s the word "OPPORTUNITY"
You can say those things above because you are lucky to have an opportunity to learn, you have the opportunity to get a decent job. Let us make it simply, all of us doesn`t want to be a poor yet most of us are unfortunate. Even though, learning is everywhere and you are always open to changes, if you don`t have the opportunity, you can`t do anything.

Remember, we have our own differences. Some of us want to become rich and some of us want to live simple. For me, Success is not about the money that you have, it`s the happiness that you can give to yourself and to your surroundings. We have our own definition of success.

[uneng]

-snip

You know what makes us different from other people? It`s the word "OPPORTUNITY"
You can say those things above because you are lucky to have an opportunity to learn, you have the opportunity to get a decent job. Let us make it simply, all of us doesn`t want to be a poor yet most of us are unfortunate. Even though, learning is everywhere and you are always open to changes, if you don`t have the opportunity, you can`t do anything.

Opportunity doesn't come to everyone, you have to go after the opportunity, and even build it.

If I wasn't searching for opportunities would I have met bitcoin? Would I know about the existence of this forum? If I was laying on my couch complaining to myself how life is unfair and philosophizing why some are born with opportunities ready for them, while others don't, or if I was seated at the entrance of my house gossiping with the neighboors all day long and watching the pedestrians passing through I wouldn't be "lucky" to have this opportunity today, which still isn't the ideal, but it's already a beginning to persue something better.

But again, i'm persuing an opportunity that still doesn't exist and that I don't know if I will succeed in achieving it, but I must try. Nothing is ready and assured in my life. Don't put us as we were different beings. Your potential is the same of mine, since you work it inside yourself and start looking for solutions outside for your life.

Remember, we have our own differences. Some of us want to become rich and some of us want to live simple. For me, Success is not about the money that you have, it`s the happiness that you can give to yourself and to your surroundings. We have our own definition of success.

Some rich live simple. Simplicity is a way of life. If you are really happy on this way, just continue. But here I'm not misunderstanding simplicity with poverty.

And be careful to not use catchphrases like this as crutches to not persue anything better in your life...

I hope you understand what i mean. I'm not against you, I'm trying to open your eyes.

[Yatsan]

In terms of investment, capital or capability of an investor would be a bottomline. No matter how big your drive is, if you cannot endure market downfalls, then for sure this industry won't suit you. Everyone's aware that you should only invest an amount you can afford to lose but only a few could do it on the actual. Question is; are poor people advisable to invest in Bitcoin? On my end, it is not a good thing to do so. For sure people who have a tight budget would need stable income in order to have time for investments. The idea of this industry for being profitable is indeed tempting but if you'd push your luck hoping to be rich in an instant, loss and regrets are more likely to happen.

[batang_bitcoin]

They need a helping hand and if someone who has never been poor before, you may not understand what the actual situation is.
Words can be hurtful when you're talking to one of them and even you give the best advice in the world about investing. You just can't compare your situation to theirs. And that's because you're not experiencing the true hardship of being poor, they want to invest as well and be well in life but just can't because they can't afford to delay the crumbling of their stomachs.

[South Park]

They need a helping hand and if someone who has never been poor before, you may not understand what the actual situation is.
Words can be hurtful when you're talking to one of them and even you give the best advice in the world about investing. You just can't compare your situation to theirs. And that's because you're not experiencing the true hardship of being poor, they want to invest as well and be well in life but just can't because they can't afford to delay the crumbling of their stomachs.

The OP was a little hard on poor people, I agree on that, and while it is true that it can be difficult to convince them when it comes to matters related to money, that is to be expected, after all the poor need to take care of their money as they have so little of it, so they are not easily convinced to part with it, besides I do not think bitcoin is the best place for them to invest their money as at the first drop on the price they will get scared and they will want to sell their coins, so it is better they use whatever savings they may have to create a small business and try to increase their income this way.

[RockBell]

As you said, the poor are difficult to convince, so the best you can do is offer advice. If they reject the choice, the consequences are their responsibility to bear is a free world with a free choice. The poor always have excuses, especially when it comes to investing. They believe it is unimportant to do so, which is actually a dangerous way to think. They will always learn the hard way.