You can’t always expect everyone to think and reason the same as you do. People have different opinions and cause of that, we may never see eye to eye on certain things and how we manage to get past our differences is what makes us better individuals.
Just cause an individual is financially poor, it doesn’t mean he also has poor reasoning. We should not conclude in a hurry and not judge an individuals reasoning capabilities with his financial muscle. You probably would have heard of the saying “you do not judge a book by its cover”.
I would assume you think yourself to have a higher reasoning capability than the so called poor people. You should have known that aside their financial situation which admittedly has a great impact on their thoughts and actions, there are other various reasons that would make them behave and act the way they do.
I know lots of wealthy people that according to your thesis, should have the maximum reasoning capability, wouldn’t want to hear a word about bitcoin cause they believe it to be a sham. You and I know it isn’t a sham so in this case, the wealthy folks have got poor reasoning capabilities.
Avoid stereotyping and have an open mind. Never look down or think ill on anyone cause of their financial status.
Topic: The poor people with their reasoning - page 12. (Read 1997 times)
This is quite inconsiderate; you cannot judge others by their financial situation; it's impossible to know what someone has gone through. You can't promote Bitcoin as a panacea; you're implying that Bitcoin will magically transform someone from poor to rich. Someone who's barely making ends meet isn't even able to save for an emergency, let alone invest. On top of that, not everyone is familiar with the technology behind cryptocurrencies; thus, they're not comfortable purchasing something that they're not knowledgeable about and doesn't even guarantee them profit.
Why say in general poor people and investing? As much as I want people to invest in bitcoin, I try to understand first their situation. Maybe they're just living paycheck to paycheck and can't get out of the rat race. They want to invest too but it is that they're on an unfortunate situation and they can't allocate money for investing. Instead of investing, they'll just spend it for their daily expenses for food and every other important needs they need to cater.
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.
How can you blame someone who barely eat 2 times meal in a day or once without proper dieting when he is skeptical to invest in bitcoin. The less rich (I don't want to say poor) will find it difficult to invest and tie up money that was suppose to be used for other home front issues like especially feeding. Some homes barely feed daily so you don't expect such homes to have left out money to put in "cage" to mature. In fact such homes will easily be convinced to go into agriculture because they understand that terrain very well and not bitcoin.
They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.
Yes because they wish it was something they can do. Usually poor people are not risk takers. They only concern about the immediate needs but the rich plan for tomorrow or future and coupled with having loose money to invest. This is the reason for the rich to keep being rich.
We cannot force them to do what they want because there is a reason why they do not want to accept our advice to them. 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.
Speaking aside of people's financial condition but still related, I believe there is a better urgency than directly outright investing. Say emergency funds, I think it is a way more beneficial and more thoughtful approach to come beforehand of an investment.
So, basic financial literacy is needed in a sequential approach. We might see that some people are expends on things they did not actually need, also some people are wanting short-term enjoyment rather than long-term benefit. Some people need an awareness of a step-by-step comprehension of what they are actually needed at the current point of their own life condition.
So, basic financial literacy is needed in a sequential approach. We might see that some people are expends on things they did not actually need, also some people are wanting short-term enjoyment rather than long-term benefit. Some people need an awareness of a step-by-step comprehension of what they are actually needed at the current point of their own life condition.
In crypto world, it's said that 'Don't invest what you can't lose'. And you are here talking about poor people to invest. Like how are they gonna afford that?
They are taking risk every day, doing what they could to provide for their family or their own. And you are talking about taking risk. Get in their shoes and try to think like them. I guarantee those who lives a luxurious life won't be able to survive one day like poor people.
Instead of talking like this, help them. Don't try to force them, just because you think they can invest and be rich to lead a good life. Simple loss could lead them to suicide.
One person in my local area committed suicide because he had debt and could not provide for his family. Life is hard, learn to accept it. They are not sitting in front of a computer like we do and passing comments. Many of them doesn't even have electricity in their home. Think before you say something.
They are taking risk every day, doing what they could to provide for their family or their own. And you are talking about taking risk. Get in their shoes and try to think like them. I guarantee those who lives a luxurious life won't be able to survive one day like poor people.
Instead of talking like this, help them. Don't try to force them, just because you think they can invest and be rich to lead a good life. Simple loss could lead them to suicide.
One person in my local area committed suicide because he had debt and could not provide for his family. Life is hard, learn to accept it. They are not sitting in front of a computer like we do and passing comments. Many of them doesn't even have electricity in their home. Think before you say something.
The first and the ultimate rule in investing into bitcoin is to Invest what you can lose. My question now is do poor people have money to lose?
There is different between average people and poor people. Poor people feed from hand to mouth can hardly invest.
So you can't blame them if they can't invest. Right now to be honest it is too much of a risk for this class of people to invest in crypto currency or even bitcoin
There is different between average people and poor people. Poor people feed from hand to mouth can hardly invest.
So you can't blame them if they can't invest. Right now to be honest it is too much of a risk for this class of people to invest in crypto currency or even bitcoin
What the fish you are thinking on persuading people to invest on high volatile asset. Poor people is the victim of imbalance distribution of wealth. It's not that they are doing so bad in there job but rather there job is not being valued properly.
Do you have any idea how hard it is for being a poor? There salary is not sufficient for there personal needs and you are suggesting to insist to them the investment while they don’t have money to start the investment? Not all people has the luxury for investment especially those poor because they are already stuck on the poverty cycle which the government can’t defeat because rich people always sucks all the wealth instead of distributing it to the poor.
Do you have any idea how hard it is for being a poor? There salary is not sufficient for there personal needs and you are suggesting to insist to them the investment while they don’t have money to start the investment? Not all people has the luxury for investment especially those poor because they are already stuck on the poverty cycle which the government can’t defeat because rich people always sucks all the wealth instead of distributing it to the poor.
I don't think I'd blame them if they've got such a mentality, op. With the way the economy is shaping up, it may soon be hard for the middle class to be able to purchase those things needed to live comfortably. Bitcoin investment is quite profitable if you have the means, patience and doggedness to hold even in this bear season. A fact I can't vouch for those poor peeps who find it difficult to get a complete three square meal.
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.
The richer you are, the more risk you can afford to take without going hungry or homeless when your investments fail.
Just amazing reality this dude explained.
I have seen poor families literally eating the same food twice a day and even the left overs are eaten on the following day. That kind of poorer exists in the world man. You can’t expect anything from them which defines as “investing”. All they can invest into is a “hope” that they will do some random labour work 12 hours a day and hope that they will get food for it. They are just surviving, just breathing and still happy with it. I don’t think they in their own dreams they might be thinking about liquidating funds just like that on crypto.
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.
From my experiences I know that poor people struggle a lot to make their finances last a whole months, saving and investing is usually not an option. If you have no portfolio to start with it's very difficult to convince someone to start buying bitcoins or other crypto currencies. And it doesn't really matter if it's cryptos, stocks or commodity funds, there is no strong motivation for either of them. If you really want to help someone then you should do more than to only tell them to buy bitcoins. Why I noticed from poor families in my city is that in most cases not the income is the problem but rather the expenses. They are living above their means and even if they had some additional income from an investment portfolio than they would mostly likely also increase their expenses. Sitting down with them and show to control their finances better and have monthly budget in place would be the best way to help in my opinion.
and the poor people have their reason - in my country - people are very upset because the prices of the grocery has increased so much and they are unaffordable.
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.
From my experiences I know that poor people struggle a lot to make their finances last a whole months, saving and investing is usually not an option. If you have no portfolio to start with it's very difficult to convince someone to start buying bitcoins or other crypto currencies. And it doesn't really matter if it's cryptos, stocks or commodity funds, there is no strong motivation for either of them. If you really want to help someone then you should do more than to only tell them to buy bitcoins. Why I noticed from poor families in my city is that in most cases not the income is the problem but rather the expenses. They are living above their means and even if they had some additional income from an investment portfolio than they would mostly likely also increase their expenses. Sitting down with them and show to control their finances better and have monthly budget in place would be the best way to help in my opinion.
Not all poor people will act like that; it depends on how willing someone is to keep trying. Those who do not want to give up on circumstances will continue to try to find something they have never even imagined before to try. They will keep trying to change their life for the better and if they have a good mentality, discipline and mindset that everyone has the same opportunity to have a better life, they will keep trying.
But indeed, most people tend not to try hard and even hope it is free money they can get without working hard. No one will give such a thing without trying. So it will depend on the person and not everyone will refuse to change their life for the better. When there is a will, there will be a way.
But indeed, most people tend not to try hard and even hope it is free money they can get without working hard. No one will give such a thing without trying. So it will depend on the person and not everyone will refuse to change their life for the better. When there is a will, there will be a way.
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.
Most people can't even provide the basic needs of life. Their main focus is to feed, cloth, access health facilities and have accommodation, therefore investing in bitcoin is their least priority.
But some desperate ones who are focused on attaining financial freedom can deprive themselves of some of these basic needs because they want to raise funds to invest in Bitcoin. I have seen people that can cut the cost of feeding and clothing because they want to save to invest. One of the advantages of bitcoin is that it can be bought in bits. They can save and buy a few sats each month and within a few years, they might have gotten a good sum.
The poor lives from paycheck to paycheck, so it would be hard for them to trust when they are already wrecked before they can even spend on an investment. You can't blame them for that. But they need more than just encouragement and in this time of recession, you really can understand why some are just going to decline richness that can only come up in the next 2-3 years.
People who are rich can sacrifice the now for the future with ease.
People who are poor Must sacrifice the future for the Now. Do that long enough and there is never a future. And they will fight you because they see you Sacrificing the Now, which they need. Now.
People who are poor Must sacrifice the future for the Now. Do that long enough and there is never a future. And they will fight you because they see you Sacrificing the Now, which they need. Now.
I don't know you but try to put yourself on their shoe and say those things.
Poor people doesn't have the luxury to learn something new in the complex business of the world but they surely know what are the basic stuff. You can't just go out and say "everyone listen to me this is my business proposal" everyone are busy making money for their daily lives. But I'm sure you can find some rare people that are interested in your proposal, you just have to work your way to find them.
Saying the right thing will help them to understand what you want in order for them to help you. Scammers are good at doing this but they were just heatless to take advantage of what the people are lacking.
"Communication is the key."
Poor people doesn't have the luxury to learn something new in the complex business of the world but they surely know what are the basic stuff. You can't just go out and say "everyone listen to me this is my business proposal" everyone are busy making money for their daily lives. But I'm sure you can find some rare people that are interested in your proposal, you just have to work your way to find them.
Saying the right thing will help them to understand what you want in order for them to help you. Scammers are good at doing this but they were just heatless to take advantage of what the people are lacking.
"Communication is the key."
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.
What's your definition of "poor" people? What about someone who constantly switches signature campaigns, without actually being a user of the product/service advertised, just to earn the meagre satoshis on offer from campaign owners who won't stick around long enough to be taken seriously?
Would that person count as a poor person, and what of their reasoning for doing this?
You know it's also rich people who lose the most money and most often are victims of scams. Should we be teaching people to be as greedy as them?
When did convincing people to be greedy and "being successful in life" have anything to do with using Bitcoin?
Would that person count as a poor person, and what of their reasoning for doing this?
You know it's also rich people who lose the most money and most often are victims of scams. Should we be teaching people to be as greedy as them?
When did convincing people to be greedy and "being successful in life" have anything to do with using Bitcoin?
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