Bitcoin Forum

Everyone has a slightly different method for becoming financially free, based on their personality, skill-sets and appetite for risk.

I haven't come across many other BTC enthusiasts though that are using Bitcoin to become financially free, so I thought it might be interesting to share what I'm doing.

My plan, simply put is:

• Invest a % of my Income into BTC (£100,000 / $120,000) - I have almost completed this step
• Wait for that investment to grow by 5-10x
• Pull out my profit and invest into residential property
• Live off the rental income (passive income will be £100,000 / $120,000 p/a)

That’s if it goes according to the plan I’ve detailed here: https://youtu.be/SiYc6ipKefQ (https://youtu.be/SiYc6ipKefQ)  

Some may perceive my plan as extremely reckless.

I know I could potentially lose everything that I invest, but I’m prepared to take that risk, because in my mind the potential reward outweighs the potential risk.

If Bitcoin goes to 0, then it will be a major setback. It won’t ruin me, but it will take me two years to save up that money again (saving £50k from my £75k post tax income).

If it pays off, my route to financial freedom will be LIGHT YEARS faster than I could ever expect from property, gold, bonds, or investing in the stock market as a whole.

Although I fully understand the risk involved, I don’t see this as a gamble. I truly believe in Bitcoin as a technology. I’m willing to bet on something that I believe will have a positive impact on the world going into the future.

If I’m wrong, I’m wrong. That’s it. Start again.

But if I’m right, my life will change.

That’s really just a brief summary of my investment strategy (there is actually a bit more to it) - I’ve created a video, also linked to above, with a clearer explanation here: https://youtu.be/SiYc6ipKefQ (https://youtu.be/SiYc6ipKefQ)

It would be interesting to hear if anyone is doing anything similar to this, and what peoples' thoughts are.

I think it's great to have a long term plan set out prior to any major investment, and to have a goal you are aiming for. You should have a set price at which you want to cash out your bitcoin; too many people during the last bull run got greedy and just kept waiting and waiting for a higher price, and then ended up panic selling on the way down, often at a loss.

Having said that, I'm not sure I follow your numbers there. Even taking your higher growth target of x10, that gives you $1,200,000 to buy property with. A passive income of $120,000 is 10% of your property's (or properties') total value. On top of that you have to factor in taxes, legal fees, administration fees, insurance, maintenance costs, repairs, and so forth. Add all that together, and the monthly rent you are going to have to charge will be way above the going rates.

what if your local gangsterment forces you to sell the property to them, below market value via compulsory purchase?



this is increasingly less likely

Bitcoin is financial freedom, because no-one can subvert your possession of it. This means demand will always be high, ensuring a high value. Satoshi was no slouch, y'know ;)

Very good question.

With $1,200,000 invested in property (in the UK) with a 25% loan to value mortgage, that gives me the ability to purchase properties with a total value of $4,600,000 (slightly less of course due to fees).

Generally when I invest in property, if I invest for example £30,000 in a property (including fees), then I would expect as a minimum of 10% ROI, i.e. £3,000 per year in NET Profit (this is of course after all expenses including maintenance and property management).

Of course, you can only get these ROIs when you are using a mortgage to purchase property with low interest rates, e.g. 3%. So we will see what the interest rates are within the next several years.

But good investments typically net between 20% and 30%, but higher ROIs are possible using the BRRR strategy.

I'm a property investor, so trust me on this :)

Honestly I have thought about this - what if the government confiscates property?

Well long-term I am going to buy property in other countries.

I'm also going to be buying Gold.

I'm also going to be leaving some funds in Bitcoin, and also buying back into Bitcoin if there is a major dip after I cash out.

If history repeats itself we may see an influx, and a dip afterwards.

which are also subject to the whims of compulsory purchase or confiscation



which is also subject to the whims of compulsory... oh i see, you get it now, ok



it's not the most free flowing way to do it, but try to use in person cash transactions to minimize the risk of doing this


another way is to simply buy raw materials (metals, wood, glass, oil etc) at the top of the Bitcoin market, providing you have some guarantees to find a buyer. If you can find a commodity that's at the bottom of it's market cycle, so much the better

and you'll have property at which to store it all too (did you consider buying industrial property as opposed to residential property?)

Property, Gold, anything can be confiscated ultimately.

Even with Bitcoin, addresses can be blacklisted (i.e. anyone who transacts with that address with go to prison) if they are not registered with KYC.

But I'm optimistic about the future.

I only invest in residential property at the moment, it's what I understand. I may look at commercial/industrial property down the road though.

My mistake. From your first post I assumed you would be buying property outright, not taking out additional mortgages.

There is a lot of work involved in rehabbing/renovating properties, even if you are just going to get contractors to do it all for you. There is also plenty of paperwork to be done when it comes to buying, renting, remortgaging, and selling. There are also of plenty of risks involved here. What if you rehab a property, but the appraisal (I think you would call it home report) comes back with a lower value than you hoped? What if you can't get anyone to rent for 2 months, or you end up renting at less than you wanted? What if the contractors end up taking longer than expected? What if you discover some hidden problem with the property that you didn't know about? What if rates go up? What if the market tanks? And as Carlton says, you always have the government to consider, who could crash your whole project in a heartbeat.

You sound like you know the market, but this isn't guaranteed "financial freedom" and "passive income". There are a lot of risks to consider.

you're wrong about that

there are many many ways to make it impossible to be sure if funds originated from blacklisted addresses, and further techniques will improve this in future


so why not extend your optimism to Bitcoin's personal sovereignty properties also? all you have to do is learn how it's done, easy

Problem is a lot of people are living paycheck to paycheck and have no extra income to invest into bitcoin.  They are stuck in a cycle of poverty and the people in charge do everything they can to keep people poor and desperate so they can have cheap labor.

Well, if anybody can invest into Bitcoin with the current price and then by 2020 there would be a big bull then it can be a big money indeed. Just like anything, though, there can be some risks involved here as we don't actually know where the market is going and all here are just speculations. I wish that I was able to get into Bitcoin when it was below the $100 in price, that would have been a blast. I like your plan of investing what you earn in Bitcoin to real estate as this is the more solid and more stable industry to get into. Anyway, good luck to your endeavor.

Yeah all these things are true. Property is hard work, it won't be easy or guaranteed.

Yeah this is a big problem. A lot of people are up to their eyeballs in debt, and have no breathing room.

Hopefully going into the future, BTC can provide a more stable way for people to hold their savings, and help people rise out of poverty.

I am optimistic about Bitcoin, and I'm optimistic about the government's curent and future stance on Bitcoin.

The way things are going, it doesn't look like the main powers are going to try to go to war against Bitcoin.

These countries, UK and European neighbours, USA, China, Russia - they are too busy competing with each other to combine their forces and focus on Bitcoin.

you're still not yet grokking it


Bitcoin already is a more stable way for people to hold their savings, as there is no counterparty risk. don't worry, the market reflects your sentiment also, as the majority of participants don't really understand it yet



I've been saying for years now, there will eventually be a very high profile incidence of some official gangster asking a well-known public figure "give me your money", and the well known public figure just saying "no"

at that point, everyone will suddenly get it, and the exchange value will go supernova parabolic

I agree, but my point was that people can only be helped by Bitcoin once they start using Bitcoin.

It's really a good thing that you have a plan but I many people make a mistake by not sticking to the plan and end up regretting it later.
You have a good strategy here and so I would strictly recommend you to stick to the plan and not deviate from it.

Lets take away the idea of bitcoin helping people rather we should start to look at what bitcoin is doing in the financial system dominated by fiat. Bitcoin is being used to save money or asset. People like to control and use their money themselves without orders, rules etc, this is the major goal I see first. Because, if we put our mind on bitcoin helping people, what about the times that bitcoin drops  ??? ::)

Yeah it sucks when that happens.

I live in the UK and the £ has dropped in value a lot since BREXIT started years ago, and it has dropped even more recently as the final BREXIT negotiations are taking place.

People who hold £ are getting poorer every day.

Fiat currency is the enemy of anyone who wants to control their financial destiny.

Live of rental income make sense because its going to give you funds for life. Everybody wants to profit for life and that will just be your ticket to live comfortably.  You're not the only who plans that kind of business once they got some funds to start. Rentals is continuous flow of money which is a good plan. I have a slightly  different plans like owning a few properties in the near the beach and so I will have a boat myself and do fishing all mylife.

That sounds like a good plan.

Yeah I plan on taking up more with surfing once I have financially free.

Being near the sea is good for the soul.

Your thought is awesome , but as for me that don't have any stable income but still need to be very active on how to use this opportunity to be financially free will have to use my method of having 3-4% growth in my btc for a year and that will give me a huge result and profit at the end if I start with 0.01btc

Thanks :)

Yes I think stacking as many satoshi's as possible is the best way forward, because in the future even satoshi's will be worth a lot of money.

I like your strong belief and conviction.
Your plan is solid and i hope you succeed but in case of others, they dont have 100k to invest , most of us can invest up to 1000. This is why this forum is full of thread like " next 10-100 coin" because the 1000 USD/EUR/GBP with BTC will not get you close to financial freedom.

You'll have to start it now. As we look forward, the value of every satoshi's will absolutely be increasing and keeping it at hold is a terrific idea may have. It probably not only just 3-4% increment but it gonna be more 10% higher ;D. We don't need to start at a high amount, the best thing is to gradually increase our investment from time to time.

You really did stat off in BTC as your first investment, that's cool although risky IMO.

Please be specific with your target as sometimes if we are just putting a range like 5-10 times growth, it will make us greedy when we are in a situation that bitcoin price is already growing, especially in the bull market. Instead of thinking of 5-10 growth, why not just make it x10 growth, that would be easy to initiate as you can sell right away, of course x10 is already a good return, you'll be very greed if you don't sell it once you'll see that opportunity.

As always, it's good to invest outside crypto to minimize the risk and at the same time, it's diversifying your investment but step is crucial and it should succeed first.

I'm not smart in the property business lol. If my Bitcoin and Altcoins up 10x, I plan to make a food business. like a restaurant or cafe. Because from my perspective, the food business is the most profitable business of any other business. Let's invest from the results of the crypto investment.  8)

Thank you for saying this.  This is the fault I see a lot of people who want to become successful with crypto but fall flat on their faces quickly. They don't make their peace with possible loss.  Gotta only give what you can lose or have a recovery plan set. Both are a good idea. Some also try to mimic other people's plans w/o considering what may actually work best for them.

Right now, I buy a little here and there, but I'm mostly investing my time in learning about the potential of crypto and blockchain technology, especially in the realm of artwork and game development (my stomping grounds), and seeing how its value can keep increasing via fun and utility. It makes it easier for me to hodl since I'm distracted during low points in the market.  ;D

Bitcoin is never going to zero. I don't think your idea is bad, but if the bitcoin you bought at whatever price goes down, all you have to do is wait even longer. I don't know what are the chances that your investment will growth enough for you to buy real estate, as time passes, bitcoin value increase will slow down. We probably saw the biggest increases in bitcoin's lifetime. It still has more to go, and it will never go flat against fiat, but at its worth point decades away, it will still be growing about 2% or more (the opposite of the induced fiat devaluation).

So its not exactly bad either, but expect it to be more boring. Think of gold, just think if you did your plan with gold, perhaps a decade later your gold will be a bit worth more than what you did invest, but not that much. Bitcoin is a bit more valuable than gold, but not by much (unless someone discovers a new gold source which would make its price plummet but Bitcoin will look stronger against it).

How much i can't tell you, but in my opinion it will grow slower in price than all its lifetime, so under 100k by the next decade, since it already grew 10 times i cannot grow 10 times in the same time period again, its under that else correction will occur. Could be 99k or it could be 12k we shall see. I think it will be a bit more than 20k. by 5 years or so, but don't count on it.

Most people are forced to put retirement money into pensions tied to the stock market and government control and the health (or lack of health) of their own currency.

IMHO - In the next 20 years.

- Bitcoin will become stronger,
- There is a chance the stock market will crash or under perform due to global events,
- Governments will change the rules so you don't get back what you expected when contributing towards a pension,
- Your currency itself won't be worth anything.

This will leave people who have contributed into the pension system their whole lives left with little or nothing.

(Government) Mmm? There's too many people. We can't afford to pay their pensions anymore. Maybe we could raise the retirement age to 75 so they'll all be dead before they get any of their money back.

(Government) Mmm? We've just had a banking crisis so let's put our hands in the bank accounts of people that have money saved to bail them out again.

(Government) Mmm? We're short of money because of our out of control national debt so let's just print gazillions of dollars so the dollars people already have aren't worth anything anymore.

Bitcoin is quickly adopting a widespread acceptance as a safe haven against these types of destructive events, including inflation, for a good reason.

Don't think just about yourself. Think about what it happening in over 150 other countries around the world and how those events may affect you.

Look at Cyprus. Look at Venezuela. Look at Argentina. Look at Greece. No country is immune.

In the past 5 years the UK pound has gone from $1.65 to $1.25 - Everyone in England has lost 25% of their money. They don't realize it. They just know everything is more expensive now.

People need a global decentralized currency to protect themselves from the type of events that have happened in the recent past in different countries and inevitably will happen again. And maybe next time it will be bigger. Just Maybe.

Praise be to the Bitcoin.

I see you have a great plan and strategy to reach financial freedom with bitcoin. I admitted that you realize that investing in bitcoin will have a risk, and you can accept the risk. It is good if you can invest some % of your income into bitcoin because you want to make a big profit from bitcoin, and from the profit, you will buy another investment type. But I don't believe if bitcoin will go to 0 as now, bitcoin price is trying to increase to the higher rate. Maybe in the next year, you will see your investment will grow in fiat because you save your money into bitcoin.

I think what you did is not a gamble because you already have a plan and strategy to cover the losses if you got one. But you do a great thing for your life which is not all people can realize and they don't know how to start to invest in bitcoin. With those plans, I am sure that it will work for you and will reward you in the future.

You should know that there are many people working outside here and receiving wages.
They use this money to invest in the Bitcoin market. There are a lot of costs that need to be spent on money, outside of our lives.
The thought of becoming financially free for your BTC is being considered, but if BTC returns to 0, I think a lot of people will become impoverished.

one issue you will face is when you switch between step 2 and 3.
in one of your comments you said you expect 10% (maximum 30%) return in a year as net profit. but the switch you are making is practically from a 10%-30% in a month. for example bitcoin went up 2100% in 2017 alone. this year it has gone up >250% in 6 months. making that kind of switch requires sticking to a solid plan and not getting greedy for more profit as you would be reducing it significantly.

What I like about your strategy is the following :

1. You are saying, Fck it! I am going for it. A lot of people stand on the side, not taking any risk and waiting for success to come to them. In the real world, that does not happen.

2. You are not going "All in" ....so you only expose enough capital to high risk, that you are willing to lose. A total Bitcoin failure, will not sink your boat.  ;)

3. You have a plan and you stick to it. Too many people invest blindly with no purpose.

4. You are not scared to pull the profit, when you reach your goal. Some people become too greedy and they miss the opportunity, when the profit present it self.

I invested a large amount of money into Bitcoin when the price was between $300 and $400 and I took profit when it reached $18 000+ and that profit was re-invested into other investment options in my bigger portfolio.  ;)

This is actually a great plan. It will ensure your financial stability for years provided it works out. There's no reason for it not to because Bitcoin is coming from 0 not going to 0. I will definitely adopt this plan but in a smaller scale, I have limited resources.

I think this is one solid plan. I'm working towards more or less the same plan.

Considering rental income as a passive income makes your plan even more solid. I think no other passive income could match with rental income in terms of steady cash flow.

- Hilarious mate. But could really happen about a decade into the future, lmao.

The plan seems alright if by investing in residential property you mean buying flats and houses and living off the rent people will pay you. However, I am bit sure it counts as an example of financial freedom reached because of Bitcoin. You seem to have good financial situation already if you can invest that much. And you intend to sell your BTC for fiat in the end and invest into something not related to Bitcoin at all.

It is very important to foresee how far a Bitcoin investment can go. Until 1-2 years ago, anyone selling Bitcoin regretted it in the long run. Someone who invested in 2015 regretted selling ATH in 2016. So if your goal is investment, Bitcoin has earned everyone in the long run. Especially in countries with weak economic values against the USD.

In 2017, we saw Bitcoin's ATH against the USD. At the same time, the local currency of my country and ATH was experienced in the same period. But about a month ago, when Bitcoin went up to $ 13500, we approached ATH again in my country. In other words, BTC investment can be very effective especially in countries with high inflation.

Go with your maximum goal with is x10 because that goal is realistic.
At the current price of $10,000, bitcoin just need to rise to $100,000 in order for you to achieve your goal, if BTC continues to grow and we will see some great adoption, I think in less than 5 years, you will already achieve your goal.

You have created an impressive plan, you are not exposing much of your income in BTC so I know you can wait if it will take longer before it will be realize.

All if this looks clear as you might have entered at right time. But, there are many who entered during dec 2017 just felt the other way around.

Let me tell you what I have see. In our relatives house they had a cook who constantly heard of btc and its market in 2017 and on a fine day he decided to invest and in those days getting accounts verified was a big task it use to take 15- 20 days minimum and he invested in Dec he is still holding. Point is the waiting for the investment to grow by 5-10x does not work in all case.

The plan is working based on when you stepped into the market.

I agree, timing is very important and I think OP is at the right timing now since bitcoin has recovered a bit.

Aiming for that increase is realistic, bitcoin has already increase a thousand times that's why it reached it price now, so I don't think it will stop at the current price when the fundamentals are good. It will really take time and every investors has to be patient, the word HODL is popular when investing in bitcoin because everyone is require to hold.

Investing when the market at dip is good, it helps us get a cheaper value and will lessen the time of holding but BTC at 10K, I still believe it's a good entry price.

Lucky you, you have a constant source of income externally and that is why it could be easy for to cope with it if you lose such amount of money but you still have to be very careful, there risk in everything, I know that for sure, but we still have to be strong to manage the risk very well because there are some risk that you take and may work against you that time.

At his moment, I think this risk you took will pay off for you, provided it was in bitcoin that you invested the money because we all believe that in the next few months, bitcoin will set another high record for us in the market, but no matter how worth the risk may look, better we still don’t put all our investment or savings in one source, whatever you are investing, at least you should keep 30% of it back for emergency purpose.

Good and interesting thread
My main goal in life is become financially free
I have my investments in BTC obviously, but I have some traditional investments too, I have a regular job and I do some extra activities when it's possible
And an important part is saving money too

In you plan, you should not count on 5x or 10x in BTC, it's risky to think that, but good lucky my friend

Everyone has their own plan to achieve financial free, holding is one way, but for bitcoin itself achieving such high goals is difficult. unless you try it with altcoin. 5x profit is possible even in a short time, Try these methods repeatedly, in a consistent profit then you can get financial free if you are patient and tenacious

Yes, we all start somewhere. But a small investment will grow and grow when you add to it, and in the end it will be big.

The important thing to do is to start and keep going.

I started off investing small amounts of money into Gold years ago. I saved and put away my money slowly.

$1,000 is a lot when in BTC because one day that will be worth a lot of money, especially in 5-10 years.

And if you keep adding more fiat into BTC, keep stacking satoshi's, your prosperity with grow and grow.

It surely will pay off with some patience. Since you are not entirely relying on the investment and you still have other means of survival. This plan would have been closely harshed if you had this same thought when bitcoin dropped to $3k plus early this year and would later move by times 4.

Taking some calculated risk is always good to earn good rewards rather than doing nothing with the savings you have. But that does not mean that you have to risk every savings, diversifying your investment is always the best option. I trust bitcoin and i have my benefits because i came into this market when the price was basically low in today's standards. The reward is greater than any investment i made my entire life.

There is no way that the price of bitcoin vanishes just like that. Some CW fans might believe his scare tactics but a multi billion dollar market will not vanish just like that  :P.



 

Well, the story of how we multiply many assets with bitcoin happened but it was a great moment of the past, people should let it pass, Bitcoin right now is just a profitable investment when we can buy and sell reasonably, similar to business, buy low and sell high, looking for a suitable profit for us. And after accomplishing that goal, we can move on to plans that bring us passive income, which can be real estate and buy a house and then advertise for rent, everything will help us become more stable and financially free, bitcoin does not help us have financial freedom, it's just a way for financial freedom to come faster

You're really brave and i like it actually. You don't do anything wrong, because we all know high risk high gain. So, it's just normal if you willing to risk a lot if you want to gain a lot too. People will think you're crazy or reckless, but when you succeed and achieve what you want, they will forget about your craziness or recklessness and will only praise you for your bravery and might envy you because they might not as brave as you to take the risk. You have such a positive mind there, and quite extreme one i might say lol. but i hope it'll be the best for you. I'm actually thinking to use bitcoin to get my financial freedom as well but i'm such a coward and not ready to take a big risk because my condition can't let me decide what i want. So i'll play it safe but give you the best of luck.

Yes I agree, I have investments in Gold and also residential property.

However, I am not buying more property at the moment as I am waiting for a dip in prices and I think Bitcoin is a better investment at the moment.

Bitcoin also offers an asymmetric/extremely high potential return compared to Gold, so I prefer to load more into BTC rather than build my Gold investment.

The stock market is also tanking and may be on a slow bleed for the next few years.

Bonds are too low in yield. So I think Bitcoin is the best investment option going forward.

Thanks for the vote of support.

Yeah I think the key here is not getting greedy, similar to you. I'm going to take profits slowly and not cash out all at once.

Yeah that is a good point, and I think I will ALWAYS hold some Bitcoin, because I think Bitcoin could be the future, and the price will keep going up (on average over the years) for a while to come.

Anyone who bought in late 2017 will see massive profit if they hold until late 2020 or 2021 or 2022.

I bought some Gold in 2013. I had to wait 6 years to see profit on that Gold investment.

Be patient and the money will come.

That's good, at least you know when the time to take profits before it's gone. Be careful because the greedy will stay behind you and it's ready to whisper in your ears to expecting bigger profit ;D

You can do whatever you want, as long as you know what it is so you don't make a wrong decision related to managing your asset or your money. This time will be difficult for all of us because bitcoin price is down again, and this time, the price reached $9k, and we are hopeful that the price is not down higher than yesterday.

It's a good plan but not easy to achieve. Now you have constant income in Bitcoin but for how long this might last. Many have tried but omly few succeeded to get really financially free with Bitcoin.
For that you need to earn a very good profit and store ir or invest further successfully because Bitcoin income/earning from investment will not last indefinetely.

That is not impossible for bitcoin, if you go back to 2017, bitcoin started less than $1000 but at the last month of 2017 which was the ATH of BTC, it reaches to almost $20K, that figures if we will compute would tell that BTC has increase x20 in just a year.

Maybe this time it could be different but the fact that it has previously achieve that good movement, it could possible happen in the future.
It doesn't matter if it will take 2-5 years as long as OP will achieve that ultimate success of x10.

Yeah I plan to wait patiently until it is at a very high price of $100k and then slowly cash out week by week.

I don't really like any of the altcoins.

Even if projected returns for Bitcoin were lower, I would still only buy Bitcoin.

I believe in the future of Bitcoin - I don't believe in the future of any of the altcoins.

try not to measure your success in dollars


don't forget, the whole reason why the circumstances that are giving people this opportunity is: inflation

and inflation means that the value of the currency, it's purchasing power, is deteriorating (which you have realised....)


so that means the currency you're transtioning from is not a reliable measurement, so don't measure anything with it!


count in ounces (of gold/silver) and satoshis

You mentioned earlier you are based in, and buy property in, the UK, right?

How is the housing market dealing with the threat of Brexit? I would imagine there could be some fear regarding Brexit, which would push sellers to try and sell before it happens, but similarly, buyers like yourself could be expecting a big crash and cheap deals in the event of a no deal, and therefore waiting it out? Or perhaps there is a feeling that prices will go up when the value of the pound tanks even more?

When bitcoin goes down, everything goes down. When bitcoin goes up, sometimes some coins go up, sometimes some coins go down. If you are in it for the money, then short of catching that lucky 1 in 100,000 chance that you pick the right trash altcoin on the right week that it sees a 300% pump, then staying in bitcoin is your best bet. If you are in it for the technology, the product, the real world use, then there is absolutely no competition, and staying in bitcoin is categorically your best bet.

Nice plan specially considering residential property as an investment through rental income. I heard a lot of good stories of those who invested in condominiums and list it in Airbnb and they earn money from it with a very minimal overhead expenses unlike running a business. If you are still young and you can still save, why not its feasible, but for those who are near retirement age its quite too late.

Having a long term plan if you are engaged into crypto is a very good idea and I have also a plan too.

Since I'm engaged in a signature campaign whose paying me Bitcoin, I hold some while I convert some to invest into different investment like stocks and some of it are for the future business. I want to have a passive income with my early age so I need to learn more and at the same time earn more.

Anyway, you're plan is good. Having a residential property and use it for rental purposes will give you passive income. Good luck with your future plans.

I admire your braveness to invest your monthly income to bitcoin, it's not easy to put your money in cryptocurrency because the risk of losing your capital is very high. Well if it goes well with your plan you can get the financial freedom your aiming and just hoping you made the right decision, good luck.

Exactly. I agree with you that you become financially free with bitcoin because you can earn tokens even without saving any money. Bitcoin aside that gives hope to its customers despite its fluctuations. It will continue to dominate other coins.

I think that the reason why many of us are not getting it right is because we are forcing bitcoin to be what it is not, I mean forcing it be used as just store of value alone, meanwhile bitcoin is much more than just store of value but to be used as currency and  as alternative to fiat for payment. I am sure that if we had all embraced bitcoin form this point, then the story would have been entirely different from what is being told of us now.

Many of us are just here because we really want to see bitcoin grow in value, but little are we contributing to it, contributing to bitcoin is not just buying and keeping the money in the wallet, but many of us run online stores, while some of us have physical stores, how have we encouraged the use of bitcoin, by accepting it too as means of payment and then displaying the logo in our store.

Great plan, do hope it will work as planned. Financial freedom is something we all long for, we will get there soon. Investing hugely in bitcoin is a sure way for that.

London property prices are stagnant/dipping at the moment. This could partly be due to Brexit, and also the fact that property in London is super inflated.

Prices in other UK cities usually go in a similar direction but the change lags behind London time wise.

I still like property as a long-term investment. But I avoid short term speculation, because it doesn't match with my investment objectives.

Bitcoin is not ready to be used as a currency yet, that comes later.

First Bitcon needs to be seen as a reliable store of value, and be adopted as such.

One thing I discuss in the video I posted below is the evolution of Bitcoin:


https://youtu.be/SiYc6ipKefQ

The journey Bitcoin is currently taking up to becoming adopted as a currency is one of the reasons I believe in buying Bitcoin now.



Thanks appreciate it :)



Yeah, it's good to start investing as soon as possible. Every investment brings you closer to financial freedom. It's the only way people are going to be able to retire these days.



Yeah investing, especially in assets with a high risk, gets more difficult as we age.



Yes and I think the general public are going to be thinking in terms of satoshis sooner than we expect.

Especially looking at the crazy things that are happening with the dollar, yuan, pound, euro etc.

Every people who are investing in bitcoin will have a chance to have financial freedom, and bitcoin give that way to people who want to try. I see that the OP have a good plan to invest in bitcoin and that's why I also provide some advice to some of my friends to start to invest in bitcoin since two years ago before the bitcoin price made the highest price.

That was a good video you've made, and I hope that everyone will like your video.

But if people want to make their investment in bitcoin, they should learn and know why they choose bitcoin for the investment, and they need to have method or strategy how they used bitcoin as the investment. Besides that, they need to have a strong control for themselves, so they don't panic if the market is decreasing like today.

My take on most people that wants to invest is that they really need to learn and understand what investment is all about, and need to understand the difference between short term investment and long term investment, because I have seen that what usually make people panic sometimes is lack of patience, and the reason for this is that they tie the investment that is meant to be a long term investment to a short term investment, and when they do so, they become too agitated every time they monitor the rice of bitcoin, and investment is something they are meant to leave there for a long period of time while facing other things in the market, and checking on such investment should be periodically and not like every hour that people check on their investment.

What you mean by "ready". Already lots of merchants (https://99bitcoins.com/bitcoin/who-accepts/) started accepting bitcoins as one of payment options. Bitcoin is already a currency but not available for every part of people yet.

Yeah the majority of retail investors come in based on FOMO, and they are expecting/hoping that Bitcoin is going to go to the moon within a couple months. Some of them borrow money or invest outside of their means. This is basically just gambling.

Most of the people who invested above $13k in 2017 have now sold their Bitcoin at a loss earlier this year. They did not have the patience or the vision to wait for Bitcoin to go to $100k.

If you buy Bitcoin you have to be prepared to wait years for a return.


Can you buy a cup of coffee while you're on the way to work with Bitcoin? Not yet, not without paying fees which outweigh the purchase. And not without volatility in the price which means that one day your coffee costs $3, and the next day it costs $5.

People will start using Bitcoin to buy their food at the supermarket and to buy their coffee when the price is less volitile.

This will happen after their is mass adoption, which will happen after people buy Bitcoin as a store of value, which will happen after education and regulary people learning and understanding what Bitcoin is.

These things take time. But now is the time when thee is an opportunity to make MASSIVE gains by buying Bitcoin.

Once Bitcoin has become a stable currency, there won't be a good investment opportunity (compared to today). There will be a stable currency.

In my opinion, you just need to HODL.

i can remember when i got into bitcoin i saw an opportunity ,
i believe since then that in Bitcoin is where i can see and can get my financial freedom even me being just an average individual

A well-planned long term investment is  good especially when it is done with a realistic asset or currency like bitcoin. The mission of almost every crypto enthusiast or investor is to make profit as quick as he/she can. Sadly, we sometimes miss the greater benefit due to the high concentration on short term investment with bitcoin.

Wait for that investment to grow by 5-10x - sounds easier than it is.

becoming financially free may be possible but we should plan properly in doing traders nt to hold many altcoins orelse we may loose btcs

Most people don't learn and understand what is investment, and they only know the global explanation from other people without telling the details. So they are attracted to invest their money in that program without learning anymore. They thought that if they already invest, that means they don't need to learn more, but that is wrong. They still need to learn and know what will go on in the investment so they can think about the solution if something wrong happens.

People can be panic if they see a bad thing that happens in the middle of the time, and usually, they thought about how to save their money from the lose. That happens too in the cryptocurrency investment, and many people are panic when they see bitcoin price jumps to the lower price and they doing fast-selling without thinking that is only a correction that will always happen.

My main goal was to reach a position where I received back all the capital that I invested into Bitcoin and then to frequently take profits, when there is a spike in the price, so that I can show that this was a good investment. I also wanted to get as much out of this investment, before something bad happens and I am left with zero profits to show for my efforts.  ;)

I was one of the lucky people, who reached the ROI stage and then far exceeded that stage by showing a 800%+ profit on my initial investment. This is why you should never pull out the whole investment, because we never know when that next Bull market would happen again.  ;)

Yes, patience is the key. Luckily I have practice.

Yeah I agree, I will always own a good amount of Bitcoin. I plan to use Bitcoin to store my wealth going into the future.

I trust Bitcoin more than the banks.

That is really a wise suggestion and the wisest thing to do, what I do sometimes is to pull my capital out and then continue to use the profit to multiply, ever since I started investing in bitcoin, I would say that the amount of money that my bitcoin has grown to today was from the profit that I have gotten so far, my capital is out of the system already and i have taken some profit, the remaining profit is what has grown that bitcoin because I do use it to trade and I leave part of it still in the market waiting for the next bull run.

Even if something bad happens today and my money zero, I would still never regret because I have gained so much already and have no lots capital. If I had left my capital in the bank, I am sure by now, not even $100 would have climbed on it.

In fact, it was the desire to become financially independent that motivated me to invest in bitcoin. My plan is a bit similar to yours - I invest in bitcoin and when the amount that I have invested will grow several times, I will sell some of my coins and invest in some business. The main thing for me is not to go to work in the office, but to be completely independent.

Besides being able to make money by investing in bitcoin, it's a great way to keep your money. Banks are not so safe, and investing in bitcoin, you have instant access to your money. Well, in this way you can earn much more than a Deposit in the Bank at interest.

Bitcoin is really a very cool tool to become financially free. And it does not even matter what strategy you choose. You can simply use it as a long-term investment and from time to time sell some of the coins to have earnings for everyday needs.

This is really clever and very helpful. You have done well with gathering all this info and putting it all together. Maybe you could get others to invest with you with such a great sales pitch as that.

We can always follow this if we have struggle in making our own financial plans, this is investing and then diversifying after the first investment will succeed, which I think OP's plan is achievable. In every business, we always start with planning and OP just showed his detailed plan, the next phase which he should do effectively is to implement that plan, well, selling at the right time is easy if an investor has the discipline. 

Hopefully this thread is still alive when the time comes so we can all see this as a living evidence of a fulfilled plan.

Its good to have a financial plan and if you are having trouble its also ok to ask for some help and this one is good. Its not easy to become financially free even with bitcoin, and I know making plan and executing it is also hard. For you to achieve your goals in life and other financial goals with bitcoin, make a good plan now and do it accordingly.

Actually i also try financially free with bitcoin and altcoin. But i have diffrent method's and so far it'is work for me. Let say i have £100,000 / $120,000 or need to collect fund until £100,000 / $120,000

1. Investing small fund in bitcoin, I will give around 20% here
2. Investing small fund in 10% in altcoin which have good prospect
3. 60% I bought empty land and build residential property
4. 10% bought and trade company stocks, i trade every week, not daily trade

In step one, i got pasive income around $70 every month while i hodl coin i still get pasive income.
In step two, i have my own method to take profit from altcoin. I don't get pasive income from here, but when bitcoin price increase i got more profit and when bitcoin price decrease i didn't lose anything and loss money
In step three, this is my way to keep my money grow
In step four, because of i invest very small in step 4 so i won't get much dividend, but here i trade company stock so i'm not tied to dividend

After i got some money from step one until step 4 every month, i save my money and bitcoin or altcoin

- And carefully review your steps, altcoin and bitcoin even though it contributes to your financial freedom but the level is insignificant and not a long term because the profit as you say is not so high, sometimes we can still lose when the market is not supportive and we are unlucky, the only thing I can see is that bitcoin and altcoin are trending, so investing in it gives you the opportunity to steadily raise capital. And from there, your financial stability and freedom in step three, real estate gives you freedom, bitcoin and altcoin make a very small contribution

while its a decent plan on paper , there are many obstacles in realiisation
I don't understand why would you want to first increase your profit  investing in bitcoin and then ...selling and reinvesting?
is it not more logical to keep it and live off the investment , selling only a small part when needed
at least compare the markets , the bitcoin and property and see which one is better to keep your money at
I don't think there is any business that gives you 100x in a few years time ( not talking about the illegal stuff like drugs , arms and chain food stores here )
bitcoin price did more than 5.000x in less than 10 years , almost 500x yearly on average
also property investment has additional risks other than its losing value , namely force majuer risks like floods , earthshakes , wars , democrats in power etc.

Well,if i have bigger capital to invest in bitcoin then i think it will help me to become financially free if one day i gained bigger profit then i also invest in real properties such as land,then putting up many house for rent,etc. But there is no 100% assurance that you will gain much bigger in a short period of time in bitcoin. Also bitcoin is volatile which you never know when it will pump and dump. But that's a very good idea to invest not only in bitcoin but also in real properties because the value of it keep on increasing as the time goes by.

Thanks, I intend to update on my progress within my youtube channel, and can also update to this thread.


Thanks :). Hopefully others will benefit from investing in Bitcoin.



Yes I agree.



Yeah the banks suck. Being your own bank with Bitcoin is much better.


I'm hoping that in 3-5 years I will be financially free and not have to work (unless I want to). I see Bitcoin as one of the best routes to achieve this.

That is a good point.

Why sell any Bitcoin to move into property if Bitcoin is providing amazing returns?

In truth, I will continue to hold a large amount of Bitcoin, as I think it will provide good returns in the coming decades.

I do want an asset which provides cash flow on a monthly basis, like property.

Property also provides capital appreciation, and is diverse from Bitcoin. I don't want to keep all of my wealth in Bitcoin.

What do you mean by selling at lost buddy? I believe that when someone buy Bitcoin at the rate of let assume $10,000 and his expecting to sell at the rate of $19,000 but unfortunately the Bitcoin price increase stopped around $17,000  though it didn't get to the expected price of $19,000 and started going down to $17,000 and the investor out of panic sell at $15,000. Is its the kind of scenario you are referring to as the investor sold at lost? I don't believe he actually sold at lost but what I believe is that he sold at profit.

If I will be able to generate income from bitcoin through bitcointalk I plan to buy some bitcoin and I will try to hold that. I try to play safe that's I am starting here at bitcointalk because I don't have to invest money I only need patience and of course knowledge. And if ever I will earn more from here I will try to put up a small business. I know that there is no easy way on achieving our plans. That's the best thing there, on your way on reaching your goals you can encounter many things that will help you make your plans better. I really plan to generate income in the future from rental because I live in the city and here almost everyone needs to rent for a shelter.

Lol, you can be financially free or money free if price goes to zero. Let me grab my magical crystal shard, add some fairy powder from my closet of potions, and roll my 22 sided dice on the crushed bones of a danglegob. That usually tells the future with a great deal of accuracy. Be right back.

I would very much like to be financially independent just trading cryptocurrency, but it is not

I would like to congratulation you this early, you have a very great plan I wish I have something like that I could implement, and looked every day to see how it's happening, you are not going to go wrong here we assure you that, there's a lot of bump road ahead but we are going there.

Actually you are not the only one who implement such a plan, there are people who believes in Bitcoin and other Cryptocurrency they are the early birds, some of them have fulfilled their dreams because they hang on, and some them sell their shares because they cannot keep up with the wait, it's your choice if you can hang on or not.

I am not planning to become financialy free with bitcoin. I invest in Ethereum (http://mejoresbrokersonline.net/comprar-ethereum/) and bitcoin to have some extra money some day, but I don´t think I have money enough to reitre.

It's good that you have a long term plan. It only means you're preparing for your future. I don't earn much but i still get a chance to invest atleast 1/4 of my monthly earnings since 2017. Planning to buy my own house and do business atleast next year hopefully. I can say i have financial freedom on cryptocurrency and it's amazing!

The main problem with Btc as an alternative payment option is that fees are still too high. On exchanges it cost you about 5$ to transfer your Btc.

Alternatively, you can buy and send an alternate currency like Bitcoin Cash with a lower transaction fee and then transfer it over to Bitcoin via an exchange once it arrives. You may lose less from transferring between currencies sometimes than you do in sending and transaction fees.

thats why there are altcoins . they are invented to solved the most known issue of btc like high fee and slower transfers  but not all times btc has a higher fee. sometimes the fee only depend on its value whilst other platform and service use a fix fee no matter what the price of btc is  .

whats the name of that exchange ?  5 usd is large enough for a small time traders especialy if the amount that they trade is lower than 5 usd   . its not wise to trade thier or better if you can stack up your btc for a while and only trade when it becomes large enough  .

This is a great plan indeed for someone like you who can use that large amount of money to invest, its a big risk but i am sure its worth it, as for me if i have 120k i won't bother to invest it all in bitcoin, way too much and can't take the risk, infact i can have a good life with that amount

If you are young and have sufficient information in financial markets, you have more chance to be out of the rat trap than the ordinary people who have less desire, information. The financial literature can save the life of the person and lifestyle of crypto trader will let you to live your life however you desire and the 5-9 job requirements will not be the chain on your shoulders in my opinion. Crypto traders can invest small percent of their monthly paycheck in the reliable projects but they need to be careful from the scammers of the crypto speculators. As the crypto portfolio grows, the market will reward the crypto trader for the smart decisions based on the trading skills and money management. It is never too late increasing the financial literacy, the life will rule everything as it goes like in the crypto trading.

We had this chance in 2018 to procure property by selling out Bitcoin and Altcoin portfolio but unfortunately we were unable to do so as we had decided to hold the liquid investments for longer. So now we are trying again to put in some funds very slowly into Bitcoin etc in order to procure a decent sized investment. I wish to congratulate you on the fact that you were able to build this big investment in Bitcoin ad I am sure now when Bitcoin went up, you did very well and have probably already now purchased some real estate. The passive income from real estate is a very nice way to become retired fairly fast and for those who have achieved it already in this sector are doing very well. We have to start now from the beginning again unfortunately due to some unforeseen circumstances and bad luck.