Post
Topic
Board Economics
Re: Other reasons for poverty.
by
BALIK
on 26/02/2025, 03:30:08 UTC
Some people have been introduced to opportunities like investing in bitcoins that they failed to pursue hence their poverty.

Introducing someone to bitcoin does not mean that it is an easy way to escape poverty. Mind you, Bitcoin investment is not a get quick rich scheme where you invest with the idea that it will start generating returns very fast, it takes time and it is not even advisable to advice someone who is struggling to make money to meet their daily needs to invest in bitcoin when they don't have a solid source of income to be supporting their investment with. If you introduce bitcoin to anyone don't think that they need to start investing immediately.

Bitcoin is just a currency, an investment like other investments like gold, stocks...and if we want to make money from it and become rich, we need to have the right knowledge and planning. Bitcoin does not guarantee anything to anyone, it all depends on us and that is why besides many people making a lot of money with bitcoin, there are also many people losing money investing in it.

There are hundreds of reasons for poverty and there are thousands of means, solutions and opportunities that we can rely on to escape poverty. Everyone's situation is different so let's try to find a solution that suits our situation, don't imitate or try to impose our thoughts on others when we are not in their shoes, OP.