Investing only for the rich? Think again - page 5.

doomloop

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Quote from: Obito on April 21, 2021, 06:30:27 AM

Don't you get it that poor people don't have the money and the safety net to risk investing, remember that you have to have a bank account to invest and a mobile device at the least to manage, the poor are too busy finding means to make money and investing is far off their mind to even consider. It is easy to say that investing is for everyone because a lot of people here are privileged and think that what they can do can be done by other people so yes, investing is for the rich and those with the privilege to make more means to make money.

I was a poor person, I am still a poor person, I will probably never be rich. However that is not an excuse to not have any money in crypto neither, I have grown from 17$ in investment 5 years ago into having 3.5 thousand dollars today, it took me 5 years to get there, I could have been much richer if I didn't sold my coins here and there, I made very bad investment choices.

I sold some to spend on vacations and other stuff because it was the first time in my life that I had some money so I wanted to do what rich people do, go to nice hotels in a different nation type of vacations, that alone could have been 5k+ today if I kept my bitcoins (much cheaper normally, but bitcoin went up a lot). So long story short if you are poor, if you start with $17, you could still grow to a lot of amount, won't make you rich, but you could at least have a decent amount for you, 3.5k thousand is a good amount for me, it is about 5 months of salary for me, that is a good thing to have.

Dhoe

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Can be rich person by true investment and never make mistake with choose investing coin, many people have much money but made mistake with invest on shit coin, maybe many people and my friend loss much money after investing on NXT, Ignis and TEN coin. They made bad choose why believe with shit coin and buy when have higher price.

South Park

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I am terrible at Fantasy Football!!!

Quote from: tatalin on April 18, 2021, 09:40:08 AM

Everyone is allowed to trade. There is no rich or poor status in investing. And there is no minimum amount of investment. The only difference is that the rich have higher buying power while the poor have limited resources. But both can invest and may change their life.

If you are talking about this market when you say that there is no minimum amount to become part of it you are right, but if you are talking about other markets then you are wrong, many other markets have minimums that you need to invest which is why there is a barrier to entry and if you want access to the best opportunities that are out there then you need to have a lot of money already, governments do in fact do everything they can to stop people from participating in the markets supposedly because they are trying to protect you but they are instead interested in protecting the rich and their profits.

grabpopcorn536

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Quote from: Obito on April 21, 2021, 06:30:27 AM

Quote from: int03h on April 19, 2021, 11:27:08 AM

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.

Don't you get it that poor people don't have the money and the safety net to risk investing, remember that you have to have a bank account to invest and a mobile device at the least to manage, the poor are too busy finding means to make money and investing is far off their mind to even consider. It is easy to say that investing is for everyone because a lot of people here are privileged and think that what they can do can be done by other people so yes, investing is for the rich and those with the privilege to make more means to make money.

If you say only the rich can afford to invest, then you leave out other classes like the rich, the poor, the people close to the poor. Investing is not just about financial matters, but also about the mind. I see many poor people, many people going from nothing to millionaires. So it is not a question of how long they are poor but their thinking. Only people who are too poor do not think about getting rich. I have seen the help of the poor and they have matured, got better, out of poverty.

Obito

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Quote from: int03h on April 19, 2021, 11:27:08 AM

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.

Don't you get it that poor people don't have the money and the safety net to risk investing, remember that you have to have a bank account to invest and a mobile device at the least to manage, the poor are too busy finding means to make money and investing is far off their mind to even consider. It is easy to say that investing is for everyone because a lot of people here are privileged and think that what they can do can be done by other people so yes, investing is for the rich and those with the privilege to make more means to make money.

Dhoe

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If you not reach never be sad check this forum and looking bounty campaign, you can earn money with bounty and later use for your investment coin, I begin from bounty campaign and later trade some money earn from bounty. Until now although as trader I keep waste my time with looking for bounty campaign project.

grabpopcorn536

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Only rich people can invest is a misconception. Anyone can invest any amount of money and in anything, they consider to be profitable. Investing is also risky, so if the poor are unsuccessful or do not get high results, their learning methods are not correct or invested in the right place.
Just have a job and stable income to invest in. I think the rich invest better and they are richer than others. In my mind, I think we all started the same way in this society.

int03h

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Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.

uneng

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Quote from: naikturun on April 19, 2021, 10:22:57 AM

but most people feel investing with a small value like 10 $ you said will not produce big results that is why most rich people seem to be investing, indeed if you get used to it I mean regular savings every day / week or month depending on the plan made by each person.
and it will be difficult if it is done by those who are not used to it and will think I will waste money if I invest a small amount or I will wait until I have enough money and start investing.

Those waiting to have enough money to start investing just because they don't want to invest small amounts are probably going to never invest in their life. These are just excuses to avoid doing something they are too lazy to try for the first time. I believe everyone should start investing, and doesn't matter if they have only the minimum required amount for that.
Of course the investment must be well calculated before executed and if it will be a fiat investment, the annual inflation must be put into this calculation as well, so the individual can conclude if it will be really an investment or just a donation to the bank.

iv4n

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Quote from: Shasha80 on April 18, 2021, 06:22:52 PM

An investment for everyone, but the rich are indeed easier when investing. Rich people have more capital, so it should be able to generate bigger
profits. Because in investment, the greater the capital, the greater the profit generated, even though the capital is large the risk is also much greater.
Meanwhile, poor people can also invest, but because their capital is small, they need more effort in order to get big profits. This means that
investment is not only for the rich, but for those who want it.

Let's be clear on one thing, $10k is a lot of money for everyone! Just because someone is rich, it doesn't mean he doesn't know what is a lot of money and what is not...
From that, we can go further and try to explain how hard can be to make $10k! Well, it's easy... more you have it becomes less risky to make $10k! Starting from $1 (where you have to make x10k) to 100k (where you have to make only x0.1)... the level of risk is visible right here!

So investing is for everyone, but people shouldn't be driven by insane profits... focus on what you have and earn low but steady, it's the best way for building your portfolio! Hurrying will always cause mistakes (in most cases, but there are expectations of course), so keep it simple and build yourself slowly! Good luck!

naikturun

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but most people feel investing with a small value like 10 $ you said will not produce big results that is why most rich people seem to be investing, indeed if you get used to it I mean regular savings every day / week or month depending on the plan made by each person.
and it will be difficult if it is done by those who are not used to it and will think I will waste money if I invest a small amount or I will wait until I have enough money and start investing.

macson

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Quote from: Dhoe on April 13, 2021, 06:59:29 PM

I think yes investment only for the rich but if some one want to invest although have little salary could be happen if try give half of their salary every day use to buy coin still lower price, I think most effective than keep saving money in the bank because bitcoin or altcoin not only function as their saving but also could give benefit with higher price when their assets growing up.

investing is for all people be it poor or rich, ugly or handsome and all gender....all it takes is punctuality and patience.

imagine that you bought $100 Doge~~shit~~coin in December 2020 and then sold it now, your investment value will go up 800x and become around $8k and you will definitely think this ~~shit~~coin is truly extraordinary "lol".

Shasha80

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An investment for everyone, but the rich are indeed easier when investing. Rich people have more capital, so it should be able to generate bigger
profits. Because in investment, the greater the capital, the greater the profit generated, even though the capital is large the risk is also much greater.
Meanwhile, poor people can also invest, but because their capital is small, they need more effort in order to get big profits. This means that
investment is not only for the rich, but for those who want it.

Dhoe

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Quote from: tatalin on April 18, 2021, 09:40:08 AM

Everyone is allowed to trade. There is no rich or poor status in investing. And there is no minimum amount of investment. The only difference is that the rich have higher buying power while the poor have limited resources. But both can invest and may change their life.

But richest person easy how to get much profit because with bigger fund looks everything simple when take profit, just coin raise up about 5% they can earn much profit, but we as little fund for trading need up more than 50% or 100% to get much profit and keep compound without withdrawing until have much

tatalin

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Everyone is allowed to trade. There is no rich or poor status in investing. And there is no minimum amount of investment. The only difference is that the rich have higher buying power while the poor have limited resources. But both can invest and may change their life.

FIFA worldcup

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Quote from: Bitstar_coin on April 13, 2021, 03:11:02 PM

Quote from: giantrobot on April 08, 2021, 07:26:12 PM

It's really wrong when you think investment is only for the rich. Anyone can get richestly. Today you are not rich, I know tomorrow you will be rich in anything before. Investing in bitcoin successfully you can rich in rapidly. If you don't have money that you want to do business can borrow banks, mortgage houses for investment. Once great success, the small debt does not matter.

The op clearly has a wrong opinion about investing, I know of a close relatives who invested just $50 in trx since back in 2017 and has since benefit a lot from that small amount he invested,
Investment is for everyone depending on how you exercise patience, the problem with people nowadays is that they lack patience.

Everyone should invest some portion of their wealth in crypto . It does not matter if anyone have less funds. Even few hundred dollars invest in bitcoin today will become millions of dollars in next 10 years. So small amount of saving should not distract you from investing in crypto.

geegaw

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Quote from: blckhawk on April 18, 2021, 07:09:52 AM

Quote from: dimox on April 13, 2021, 04:06:36 PM

Quote from: Renampun on March 29, 2021, 02:44:27 PM

investment is not for the 'rich' but more precisely 'for the brave'...
Imagine you have millions of dollars but are afraid of losing money when investing, so until whenever you will not be willing to invest your money. warren buffet is an example of a 'poor person' who is not afraid to invest, he started investing since he was a teenager and continues to do so even though he is old.

but, if you poor, you cant invest any piece because you must fill what you need first. and teenager in every country have different mean, how to invest thing if you dont have what it takes

I partly agree with your statement because you will not prioritize this investment over to your necessities, however, even if they are poor they have a capability to save their excess money and that would be enough to place it in an investment. Therefore, investment is for everyone and not limited to any users whether you are poor or rich. You don't actually need to put in a large investment at once, you can start with a small amount of dime, have patience, and let it grow over time.

Exactly, too low income can force us to focus on priority choices, investment will not be an option until we fulfill life criteria but this also means that whether we are on low or middle income, we will still be able to invest. Besides, as you said, investors will have projects large or small, depending on the portfolio, if we are not a rich person, we can choose categories that match the amount of capital we have, don't let the wealth gap stop our investment ideas, so many poor people have their success relying solely on grape investments.

blckhawk

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Quote from: dimox on April 13, 2021, 04:06:36 PM

Quote from: Renampun on March 29, 2021, 02:44:27 PM

investment is not for the 'rich' but more precisely 'for the brave'...
Imagine you have millions of dollars but are afraid of losing money when investing, so until whenever you will not be willing to invest your money. warren buffet is an example of a 'poor person' who is not afraid to invest, he started investing since he was a teenager and continues to do so even though he is old.

but, if you poor, you cant invest any piece because you must fill what you need first. and teenager in every country have different mean, how to invest thing if you dont have what it takes

I partly agree with your statement because you will not prioritize this investment over to your necessities, however, even if they are poor they have a capability to save their excess money and that would be enough to place it in an investment. Therefore, investment is for everyone and not limited to any users whether you are poor or rich. You don't actually need to put in a large investment at once, you can start with a small amount of dime, have patience, and let it grow over time.

Desmong

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This is a normal baise that the rich spend their money on high risk businesses that is why an average man can never measure to thier level cos investment is always about risk taking. Just imagine an average man receiving a sum of $250 per month as a salary/investment then in comparison with an aggressive business man making close to $10,000 per week. when you estimate their level of risk/reward ratio. You will see that the more income you make from an investment is reciprocal to the risk taken for similar investments. The law of investment.

If you're making more income from an investment then you would be ready to take more risk to have more income...as simple as this!

romeojasmin13

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Couldn't agree more. I started investing in crypto with buying crypto on $20 every week.

Topic: Investing only for the rich? Think again - page 5. (Read 2289 times)