Topic: The poor people with their reasoning - page 8. (Read 1977 times)

Lower class doesn't support much to the economy. The larger percentage of people to affect is the middle class category. They live a better life when the economy is at its best. The same doesn't happen during the time inflation and economic worse time. Fo overcome the same middle class suffers much as they're supposed to limit themselves. Nowadays middle class people have improved themselves focusing on investment through regular savings.

Lower class has never been major players in the economy for the reasons you've just described -- they're focused on putting food on the table and don't have enough spare income to focus on investing. Inflation effects the lower class the most, especially those that are on fixed income so it's a bit unfortunate that the lower class are skeptical of Bitcoin to a greater degree than any other income group because many people have had their purchasing power reduced by near double digits due to no fault of their own.

If they don't have the resources to invest, it's fine. Also it is naturally hard to make them think rich. If they could, they wouldn't be poor in the first place. Most of the time, they chase big risks and fail, and be lazy to save money.

As you implied in the text, we, like wolves, live in packs. Ask yourself why you have such friends. Make friends with people that have the same capacity or vision like you and as you improve their lives, they will improve yours too.

If the poor person is someone you love, I have nothing to wish you a good luck. I'm in the same situation in my marriage and I blame myself for getting into this in the first place! I'm trying to solve this problem as working 2x harder than I would to compensate that.

Overall, I'm an existentialist guy and I look pragmatic to problems. I stopped expecting something from others and give my 100% to everything I do. I can't fix people but I can improve myself.

Generally, poor people usually think that working will give them a better future and ways to survive their difficult status in life. They are content with what they have. Of course, they are also dreaming to have a better life like how rich people are living but in reality, this is really hard ( or even impossible) for them if they just rely on working.
Some people say that we all have the opportunity to become rich but unfortunately, it was really hard if you don't have the mindset and way to uplift your living condition. Perhaps, many excuses we hear from them - no capital for business, we can't afford, etc...

If you do know someone which is poor and not to brag out about your financial condition but there are times that you are really that minding nor being concern.Here's a situation where i do tend to share up some

opportunity into my friend which i do really know that he had some hardship on making money or trying out to survive on day to day basis due to lack of income or sources for him to survive at least.
There are really people who cant just make themselves accept on new opportunity that had been introduced by someone.Dont know if they are really just that close minded
or doesnt really care because they dont really have the money on doing so.This is why we cant really make out that conclusion that they are really that dumb
into these opportunities.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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. 

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.