Topic: The poor people with their reasoning - page 9. (Read 1997 times)

There's something about the poor that you need to know, you don't give what you don't have. Imagine a poor man investing in a business that he know nothing about and he's using his last cash, you think he'll be confident of having a positive outcome? Poor people don't do such because they know if they invest they'll have nothing left.
Is really hard to just use words to convince the poor, to me is better you give them the cash other than trying to get them to invest or something, they know how hard it takes to get the little they have. Business and investment are not for the poor.

I can't blame poor people will behave that way and having that kind of mindset. The truth is that not all are born rich. I hear that poor people are talking about their desires to become rich but sadly, it is really hard to become material due to a lack of support from their parents and also with the influence of their environment. Many people will say that we all have the opportunity to become rich and I agree with that but for the poor people, that is likely too far from happening.

Exactly, everyone has a different situation, we are not in their case, so it is impossible to know what they are going through. All of us here may not be rich, but for me having a smartphone or a computer to work with is not poverty, there are more difficult cases than we think. As you said: they can't take care of 3 meals a day, so how can they invest? No one wants to be poor forever, and everyone has the will to get rich, but sometimes the environment and circumstances do not allow them to do that.

In general, poor people find it difficult to accept new knowledge that absorbs more capital, moreover there is a risk in it to improve the quality of life. They have no savings, it is already difficult to finance their daily life, it is impossible for them to borrow money to invest that has not guaranteed 100% profit.
It's not that they don't want to change their fate for the better, but due to their limited finances, it's difficult for them to do something that has a risk in it. Courage in taking action always offers two possibilities, success and failure. Poor people must have a little savings to do something new, if they fail it doesn't impact the lenders.

Okay lets say that they had invested with Bitcoin? Then whats next?

For sure they would be expecting huge amount of profits in a short time. (Which it isnt really that realistic)
For sure they are really convincing and believing to themselves that they are already that rich.

On the time that you do make out investment then just make it sure that you are pretty aware of the basics so that you wont really get
that frustrate out on things that you would be finding later on.It isnt really just simple as it looks.

You are right is mate is matter of luck, most poor people are really scared to take some risk of investing in bitcoin, they don't know maybe the moment they invest the economy might turn good tomorrow.
But some of the poor people take one risk to invest and their entire life will suddenly change, i don't think that will be bad idea for poor people to try and invest.

They arent that scared but rather on how they would be making out some investment if they dont have the money? Come to think that Bitcoin isnt something a holy grail or method on making yourself pull out on poverty

situation which is really a wrong belief to have in mind which should really be avoided and not to think upon.Its an option but you should really know that you would be still needing to make yourself get involved
and make out some effort and make out some good decisions to find yourself to be effective on this market.

This isnt really just putting up some money then you do make profits and make yourself that considered on the good side.This isnt just how it works.

That quiet sad, most poor people are really scared to take some risk of investing in bitcoin, they doesn't know maybe the moment they invest the economy might be so bad.
But some of the poor take one risk to invest and their entire life will suddenly change, i don't think that will be bad idea for poor people to try and invest.

I think you are discrediting too much about social strata in this case because regardless of anything bitcoin is for everyone as for persuasion or advice about investing in bitcoin this depends on the attitude of the person himself whether they want it or not and this is not only about the poor and rich. Look at some of the figures who oppose and don't want to be in bitcoin, say Warren Buffet or some other people, they don't believe in bitcoin.
This is not a matter of being poor or rich, but a matter of belief whether we really want to be in bitcoin or not, because no matter how rich we are, when we don't want to be in bitcoin, we will definitely refuse. on the other hand, on the contrary, no matter how poor you are, when you want to be on this path, they will work on it.

You might find it easy to ridicule the poor, but it's often not easy to break free from this situation. First off it can require education which takes time and often money to acquire, although the internet does offer a wealth of information for free if you know where to look. In reality a lot more financial education could be taught in school about managing money and the perils of using things like credit cards improperly, the fact that mortgages are generally the only good type of debt worth having and all sorts of things. When you're low on money, you can also have a very short term outlook on life where it's hard to think about returns in a year from small amounts you might be able to accrue over time.

The most important thing here is they don't have the plan to follow they just think that they need to have huge money for investing and they think they should invest the money they don't need for spending while the wise people will invest their money and then they have some extra money for spending and even if they have 1 dollar income they still have some a few cents for investing. That's why these people can get rich while other people will lose money because of having no investments.

The way I see it, it is not completely about the fact someone is poor or going through challenging times.
There are people who managed to improve their situation, through work and education, etc. and even though they can save money and even spend of things they could not in the past, they still hold the fear of falling into poverty or manage their finances as before. I believe this results in extremely conservative economical decisions: saving rather investing, for example.

There are two types of poor:
1. People who are poor because they are lazy.
2. People who are poor because they come from a poor family that wasn't able to afford their education or sports or hobbies. Or worse, their father died earlier and had to feed the family.

There is a huge difference between these two poor. There are people who work in constructions, who work in factories, who constantly put huge strain on their back to feed their family and then they come so tired from 12 hours of physical work a day that they aren't able to even think about anything.
I suggest OP to work 12 hour a day in factories or in constructions where you will be under huge physical stress and if you manage to have time to not only do but to think about something other than that, good luck I have seen these people who come tired from work, spend an hour with kids and then sleep to spend another terrible day in a very stressful work. And imagine, a lot these people have wives who always yell on them for not being rich. Please at least don't talk about them this way, our society is hugely dependent on them, we should be appreciating them the most instead of admiring and spending tons of money on drugs, whores and prostitutes.

Some of them carry very high energy and finally manage to break through that damn cycle but that's very, very hard.

I don't think it only relates to the poor only, there are many rich folks who are not convinced btc is worth investing in. Haven't you seen some wealthy people condemning btc openly in public because of what they think about it?
Investing in btc is base on opinion and not financial status.

People all have their reasons for doing whatever they do. You can't tell somebody that makes so little and has a family to take care of to abandon his family and take a risk in an investment and expect him to just jump right into it.
For someone to invest, especially someone with lots of responsibilities, they have to have money to take care of their responsibilities first.
From my experience in life, I'm very skeptical of anything that comes freely or things that are too good to be true. When you're easily enticed be these things you'll easily run into scams.

Believe system of people is also a hindrance. So if you want to persuade someone to take financial risk, the believe of that person has to change. This does not only apply to poor people.

Poverty on its own is relative. There are people that do not share the same ambition as you. They're okay where they are, even if they can go further. Money may mean to world to you but to others, not so much, not because they have an abundance of it but because they see life differently, and that's okay.

We don't know what poor people are going through because we don't live the same way. Some of them are just trying to survive If they are just earning to live so they would have at least a single meal a day, how on earth will they think of investing? I'm sure that if they would have more funds for investment, they will prioritize it. We all have different situations and we're lucky because we can still invest but we can't look down on poor people who are struggling each day just to deal with the hardships of life. We don't have the same opportunities and chances so we should be considerate and just try to understand their situation.

A person who is poor, considering their monthly or yearly income, will have a lot of burdens to take care of. Mainly food, water and shelter. For them having access to electricity and internet might be a thing of luxury, you might be aware of. Hence to them, bitcoin is defenitely a luxury and fiat is the thing they know and are conversant with.

Also the education level of such people will be low and that leads to a sense of suspicion and paranoia against rich folks or people who are trying to persuade them into something. From their perspective, it is logical, just think about it yourself.

I think what is needed is gradual expression of pros and cons and how bitcoin can empower such people. Eventually they will come forward themselves - this is important because the maximum acceptance occurs when the impetus comes from the one being taught.

Poor people are the biggest doubters, naysayers and critics. I pity them most times because it is not in their nature but their environment.
The thing is that they have been subconsciously programmed by their environment to believe that they cannot not be rich.
The thing with poor people is that most of them can't see past their next meal, their next paycheck etc.
And guess what? Poor people hang around other poor people all day long.
The only best way to persuade them in my opinion is to show them that is possible.
The possibility and potentials of Bitcoin.
 

Yes, the poorer you get, Thor more vulnerable an individual is to accidents and all that. The individual is struggling to stay afloat and can barely afford groceries and utility bills. They live paycheck to paycheck and can barely afford to have any savings. All these would certainly have an effect on the individuals mentally. He barely has enough to eat so he would most likely not want to listen to anything that would entail him parting away with his funds. I understand and would excuse that behavior. Financial education along with entrepreneurship and skill acquisition is very important now as it was then.

It seems that associating investing with the poor is too tendentious, people who do not accept bitcoins as part of an investment are different from poor people who do not have enough cash flow to invest. Most people who criticize and keep asking about the management of investment funds during the economic crisis do not represent the poor. They never understand the nature and concept of bitcoin investment, because what they think is a way to meet their daily needs and they will never want to know what investment is.

Precisely what I see people who always criticize and disagree with bitcoin are those who absolutely do not want fiat currency to disappear and I think everyone knows who they are.

There is no formula that can convince them, because all they think about is the necessities of life which are far more difficult than having to think about investing. Logically, where do they get money to invest if their daily needs are difficult. Do we have to suggest that they take out a loan to make an investment, because what I know is that this is even more risky.

Is there another way that makes more sense to you???