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Topic: Advice for poor people who wanna get some crypto - page 2. (Read 3441 times)

legendary
Activity: 1904
Merit: 1176
Glory To Ukraine! Glory to the heroes!

Anyone can engage themselves in crypto regardless or your status. Investing is also an opportunity to gain in time, but as I have said we should not have high hopes. Anyway, being poor is not a hindrance to exclude yourself in any kind of investment opportunity. As long as you know the risk and will only invest the money that you can afford to lose then you're free to do what you think is beneficial to you in the future.

This is not so, investments are not easy, for this you need to have a good amount of knowledge, and even for such people, investing is not always easy. And accordingly, for "any person", as you said, it will be many times more difficult, especially for the older generation, who do not get along well with new technologies.

On the account of poverty, this is generally a separate conversation, but in short I will tell you, that for a poor person whose number one task is to survive, he does not even think about investing when he has enough money only to eat and not always enough even for new clothes. Where can he get money to invest? Perhaps a few will do something even in this situation, but for the majority it will be impossible.
hero member
Activity: 2884
Merit: 629
I don't think poor people should be investing in crypto currencies. Crypto currencies are very volatile and high risk investment. You should invest only what you can afford to lose. You should invest money that you don't need and have lying around.
That's true. Its hard to take risk if the money that you'll going to invest is also meant for important things or the money that you cant live without. Crypto is a risky investment and we should not have high hopes with our investment since there's no assurance to gain at all.

Do you think the people in need can afford to lose any money? Do you think they have money lying around that they don't need? Nope. They don't. Hence they shouldn't be thinking about investing in crypto currencies. That would be like gambling for them. Instead they should save those money to start something that will help them earn.
Anyone can engage themselves in crypto regardless or your status. Investing is also an opportunity to gain in time, but as I have said we should not have high hopes. Anyway, being poor is not a hindrance to exclude yourself in any kind of investment opportunity. As long as you know the risk and will only invest the money that you can afford to lose then you're free to do what you think is beneficial to you in the future.
member
Activity: 122
Merit: 13
Thermofinance.Com
When we first started we were faucets on different websites, and we got a bit of crypto then we came to know about bitcointalk forum here we joined different bounties and slowly got better knowledge about crypto, and from here we got different systems. Investing in currencies has gone to a fairly good level. Now I am trading different coins And little by investing in different currencies. There are many types of small jobs in bitcointalk like you will find some tax jobs in the service section then you can join the signature campaign. There are many income options if you can master it.
sr. member
Activity: 994
Merit: 441
Nothing is available for free bro. You must have to invest something, it could be your knowledge or your labor or money. Now if you don't have anything in it then you have to start acquire knowledge first . Or you can do a bounty campaign and then you can start investment or trading from bounties profit. But it would be a end suggestion 
Right I totally agree with you. Actually nothing in this life is available for free.Of course with hard work you can gain anything but without hard work you can gain nothing.Knowledge gives many things to people but if you are wise you can definitely do good things in life.And even though you have knowledge, if you don't have the mindset to work, but that knowledge has no value.
hero member
Activity: 2660
Merit: 608
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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.
If it's like hitting a jackpot, it's possible. I've seen many times people that have traded for the day with small capital and then a good timing that the coin they're trading pumped, there goes more than 100% in gains in less than 24 hours. It's all a combination of luck and market timing.
And that's what volatility makes it possible, if you've said that it is impossible to make in a short period, you've already said it because of luck but how we can find it? Very rare and certainly no way but by being a lucky picker.
legendary
Activity: 1680
Merit: 1343
In this case i simply said that if anyone wants to come in cryptocurrency so first they gain alot of knowledge about this .
And my advice is poor people who not financial stable so they want to invest in cryptocurrency so i advice that first they alot of knowledge collect then they invest in strong project because if they invest in look like a blind people so they give definitely loss because crypto is not easy and not every project give to people profit.
Yes, this is true, as investing in crypto is fraught with a lot of risks and not like other safe investments, but the opportunity to make a profit with it is great and the opportunity to get rich is great, so all poor people should learn how to get crypto and earn it on their own without anyone’s help

(Don't give me the fish but teach me to fish!)

So you have to gain experience from reliable sources, then invest in what you can lose through your budget, and not with your entire capital in promising and different coins, you will get a lot of profits in the long term.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
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.
each exchange event has different rules. but most will ask for KYC. and do certain tasks to get bonuses.
looks like that's what the OP is looking for, and wants to get more assets out of the free bonuses the exchange platform provides. there was no problem if he did it sensibly.

KYC is the rob. but since OP is really in need of money, i think that will do.  people who are very much vulnerable due to crisis will have little choices.
if i am in his position, i would probably put ad to every webpages today for the services i can provide.

OP is a mechanic, that's a skill that everybody need whenever their cars are broken. that is what he should be capitalizing, fix every tiny defects and get regular clients.

copper member
Activity: 1414
Merit: 253
Eloncoin.org - Mars, here we come!
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.
each exchange event has different rules. but most will ask for KYC. and do certain tasks to get bonuses.
looks like that's what the OP is looking for, and wants to get more assets out of the free bonuses the exchange platform provides. there was no problem if he did it sensibly.
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
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.
legendary
Activity: 2044
Merit: 1055
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sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
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.
legendary
Activity: 3052
Merit: 1129
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.
hero member
Activity: 1498
Merit: 502
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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.
member
Activity: 546
Merit: 10
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.
legendary
Activity: 3094
Merit: 1127
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.
full member
Activity: 1050
Merit: 140
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.
member
Activity: 283
Merit: 10
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 ...
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
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.
full member
Activity: 854
Merit: 100
The OGz Club
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
sr. member
Activity: 992
Merit: 278
#SWGT CERTIK Audited
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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