Topic: One of the biggest problem in our society is that average person don't have - page 3. (Read 954 times)

Banks have less risk of losing money even if a person is less experienced bank officials often explain but the crypto space is very different. Here the advice of others may not be correct own knowledge and experience are most useful. If you understand the risks of the market there are many good opportunities here. Before investing research the market and proceed with risk banks are less risky.

I think most banks aims to be a help for "average" people when they need financial services. Yes, you need a lot of requirements when borrowing cash from a bank, but that's just it since they also need to make sure that you are capable of paying back the amount you're borrowing. And of course, there are people who still can't afford to get financial services from banks due to some reasons. Although cryptocurrency can be accessible for the people without the need of submitting such requirements, it's still risky to be involved especially if you're tight in budget. If you know the risks in crypto and you're knowledgeable, then it can be a good opportunity. But getting into crypto just because you don't have access to banks and without enough knowledge regarding it will be too risky.

Well cryptocurrency flips the script on the traditional financial scene. No more begging banks for money. It's like an open party where anyone can join. You don't need a fancy degree or rich parents, just an internet connection. Forget working for the privileged few because in the crypto space, your ideas matter more than your family background. Sure, it's not without risks but it's a wild ride of opportunities waiting for those ready to dive in

Banks can exist, because they make profits from their clients loans and also loaning money that are deposited by their clients. (Take money from X and loan it to Y and add interest)

To protect their loans, they require some kind of security and that is where most exclusion happens. (Most people do not have assets to put up for loans)

The system are not rigged, it just favors the people who are rich. (Example : Higher deposits gets the highest interest on their deposits)

Any business that are profit driven, will have the same business model.... if not, they will go bankrupt.

Coming from a non-wealthy background, knowledge and hard work are our primary assets. Fortunately, the rise of cryptocurrency presents greater opportunities for financial growth compared to traditional avenues. However, mere hard work isn't enough. To secure a place in this system, we need to combine it with knowledge and strategic networking.

Indeed, it would be better for us to find our own way to have capital flows that we can use for investment and trade, because if we expect too much from the government to help with capital flows for our own needs, I don't think this can be obtained easily, of course there are many requirements. which we must fulfill in order to get the flow of funds we need.

If we only expect it from the government while we don't try anything, I don't think we will be able to get it and it would be better if we could try on our own to find a job that can give us income and we can set aside that income to save and use it as capital that we will be able to use in investment.

It would really be on trial and error and its something that a certain individual would really be testing out whether it would really be working or not which it cant be known unless if they would really be trying it out
or wont really be doing any actions at all on which this is something that a very normal thing to be done by someone. Its true that it doesnt really need to be educated or having a degree for you to succeed in life
in terms of financial on which we've seen that some individuals who do able to enhance out their lives via doing those wise decisions and hardwork. It is really just that mattering or depending on which
path you would really be taking and you are the ones who would really be tending to look on what it would be.

Your own steps and actions would be the indication whether you would really be that progressive or would really be those someone whose really that being passive on which it would really be just that
depending on the things that you would really be doing.

Who should now be responsible for an average person in the society, is it the government or the people, maybe it's high time that we know what's going on and the right thing to do for ourselves and not what we expect others to do for us, we have to be responsible on ourselves, we need to create time to work and earn for a living, we have to stop the attitude of being not responsible and embrace the way we hustle for ourselves to make it in life.

At some point people have to take responsibility over their own lives, it is true that governments are not really giving us the best conditions in which we can develop our full potential, but at the same time we have no other option but to keep trying, as giving up means never improving our living conditions, and while this may be fine for those that are middle class already, for those that are poor and struggling everyday just to get enough to eat this is unacceptable.

The reality is that you don't need to be educated or informed  to work your way out of poverty and hardship.With reference to what is in circulation right now,you should able to figure out the right network because its relatively easy to that.
 There's no shortcut to achieve something;I mean your long term financial goals or lifestyle,Just take the right steps,do the right things.Just as my mate as stated here.
 It requires so much efforts,analytical,logical skills to address it.

Just let them be, sooner or later they would really be able to realize things that this isnt how Bitcoin works or crypto's true essence when it comes or talks about its existence on which these noobs do mostly think about but on the time that they would really be experiencing or able to see things on how its done or on what the actions you would be needing to do then they would really be starting up to say that it was never been that true into those ideas that comes up into their mind earlier. The more time that we do spend ourselves here on this market then the more learnings you would make and this is where you would be realizing
on whats the real essence of cryptocurrencies real usage or relevance.

It cant solve out those global problems that we are experiencing on which inequality is never been that a solvable kind of problem. Crypto isnt really just that a magic internet money
or having those kind of features on which it could solve out those problems where OP is trying to attached things up.

And even that is not free money, after all if you are working for it and you are using your time, energy and skills to get those coins then that is just like any other job, so it is important that people keep their feet on the ground and that despite the great advantages bitcoin bring us that we do not try to make it more than what it is, since in part that is the reason why so many newbies want to become part of this market, as they believe they can strike rich with ease and they get disappointed when they find out this is not possible.

I don't understand how do you think that Cryptocurrency can make more people to have access to capital, currently we still need money a.k.a capital to buy Cryptocurrency. You might get free crypto by working on some stuff, but then again you will still need tools and required capital to get those tools. The lack of capital on some people that lead to poverty is a very complex problem that not even crypto alone can solve it.

Correct, while there are certain aspects of the current societies we may not like, it is also undeniable that a great deal of benefits that just decades ago before seemed impossible now have become a reality, so we are moving in the right direction and bitcoin is part of that progress, however to think that bitcoin or any cryptocurrency can fix everything that is wrong with the financial system is a vision that is too simplistic and that is completely mistaken as well.

great luck for those who are able to get loan capital quickly, I see that is their privilege and it is true what you say not everyone can get that.


It will never be easy to apply for a loan from a bank, they definitely need a good reputation to be able to issue loan capital to other people, and they will also definitely look at their borrowing history too, so the best way to get capital now is to build a good reputation first, by borrow small amounts periodically.

While it’s true that the average person can get access to crypto currencies quickly and without much restriction, I wouldn’t say that someone without financial background can get access to endless liquidity. Why would anybody lend money to a person he has no information about, if he could pay back that money? We need money to build up a crypto portfolio and in most cases that money would come from our job which is likely being paid in FIAT money. I agree with you the in capitalism the majority of people are not going to become wealthy, but so is the case in all the other economic system as well. In communism or a dictatorship, it’s only a lucky few people who hold the power that will become rich over time. The majority of people are just going to work all their lives and not become rich. The real question would be if there can be a system were everybody is rich or at least living a life without hardship. Theoretical it might be possible, but in the real world there will always be people trying to take advantage of others and accumulating all the money they can get their hands on.

I hate to burst your bubble, but Binance's card will be discontinued in a few days, and their usage isn't trackless; you're not being monitored by the banks, but Crypto.com or Binance have all your personal details, and so do their card providers/issuers.
The OP needs to understand that money doesn't grow on trees, nor do cryptocurrencies come out of the ground like a potato. We idealize cryptocurrencies like they're a panacea to solve all our financial problems, but that couldn't be any further from the truth. The world we live in provides us with immense capabilities that people 20 years ago couldn't even imagine, yet the OP is claiming that the average person doesn't have access to capital, and cryptocurrencies are the only thing that can reverse that. Totally wrong from all aspects; you can do pretty much everything from the comfort of your own home while having access to medicine and comforts that in the past seemed like a scenario from a sci-fi movie, but yet, the OP says the exact opposite.

Yeah sometime it is like that were the governments organisational bodies would be acting so biased and inequality amongst the rich and the poor. The highily recognitions of the rich and educated people has brought lot of economical bridges with the fact that the government can not empower the poor and talented individuals.

Of course yes, just like one of the thread passed here that talks about "how money and ideals works together". There are individuals with lucrative and industrious skills but due to theri poor background they are unable to establish themselves and make their dreams of gifted ideals realistic and the government monetary resources is not willing to assist such a person and so he is likely to perish with his kills possesed skillful ideal.
While there are those who have the money but doesn't know how to productively utilize the opportunity because they are basically adamant to creativities to proffer incomes and of course enhance the demands of the people to managing risks and pressures.

I could understand by OP talking about how the poor are unable to meet up with the level of their educational dream due to financial sponsorships but the rich people are always encouraged by the government financial resources but all the poor could acquire is the personal skills of productivities which yet still requires to be financed but are ignored by the government.

Yeah... There are certain talents os skills someone could posseses and would require a minimum amount to capital to start it up and this has always been a problem to the poor masses.
This is one of the unique inventory system of Bitcoin technology in the sense that it doesn't consider individual financial statusco before one is liable to invest on.
It is an assertive assets in which it is not limited to a minimum and doesn't considers maximum rate of capital before anyone can invest on.
Naturally Bitcoin is an opened source of income that doesn't consider the academic requirements or individual financial portfolios before you can start investing on just like the government is biased amongst individual differences depriving the poor's of some promising opportunities while the riches are being embraced.

We must be objective in saying that the credit system is a solution for many people and that they have begun to be successful thanks to a bank loan.

Now the dark side exists and will exist in any system, with this I am not making myself an ally of the traditional banking system, but there is no point in speaking badly, it can work better, the ideal would be for the two financial systems to remain, or at least have the opportunity to choose.

It will be much more difficult for small people to get a loan from any budget because they will never give us the opportunity to get a decent loan. Another issue is whether with loans we can develop our business to be more advanced with so much competition now. This is still a big problem for some people because apart from capital, skills are also needed to develop a business, including when we want to invest in Bitcoin, for example.

The small opportunities currently available make it difficult for people to develop their own potential, especially if they are faced with unstable financial problems because there are many people out there who do not have the opportunity to develop their own potential due to the limited number of basic problems.