Bitcoin Forum

Well if you have been around for a while you would have discovered that with many transactions problem solve using Bitcoin and through the blockchain, it is evident that Bitcoin indeed offers real financial independence to it, users, all over the world 🌎. On can send millions of dollars through Bitcoin with a small fee and at a faster way without any third party involvement.

Is that it? Let me add more about financial independence;

• No permission. Wherever you are, if you're internet connected you can install the software and enjoy it.
• Censorship-resistant. No one can decide to exclude my transaction from the ledger. No matter the excuse.
• Fixed inflation which constantly decreases. This guarantees that you own a specific part of the system and that it won't be devaluated in the future unless the market cap does.
• Better privacy than before. There's no third party to sell private information such as which services you paid etc.

you have to add the fact that to buy bitcoin Is headache:

1 - the person needs to have a bank account and we all know that to have a bank account it is a headache

2 - when buying bitcoin, the person pays high hidden fees

Yeah thats basic and this is the main thing on why people get engaged with bitcoin due to this very sole reason on where its decentralized and anonymous and lets go with other aspects
on where it isnt really just limited on that part but also it could give that kind of opportunity for someone to make out profits if they had deal with this market and in talks of volatility.
You could really be having that financial independent on the sense you can live out without having any problems just because you do make out some money too.

Well, bitcoin is a good source for financial independence as it gives us lots of opportunities to earn a decent income. And having its volatility is no longer an issue because that's where most investors find huge profits when they least expect it. If we are just resourceful in bitcoin, then we can have financial independence in less than 2 years. And its just a plus factor where people find it more easy to send and receive money through bitcoin.

Because it is borderless, you can send it anywhere in the world, although right now it's not that instant, but still it's good for ordinary people to received it without any middle man like the banks who are going to charge huge fees.

And it gives financial freedom to us, just a simply investment and then you gain experience, learn how to trade, buy the dip, keep it in your wallet which you have total control and secure it, then HODL for long term. And then sell and take profit if you needed to.  ;D

I think bitcoin is superior in terms of virtual transactions. Many business helped by bitcoin. I personally think that those business don't need to use paypal or etc. just only need to use cryptocurrency vendor's service to maintain their transactions or even they can use it without third party if they want to get money in form of cryptocurrency. Many new cryptocurrency related businesses that emerged, it's mean that bitcoin and blockchain technology help people to get financial independent.

The P2P concept that has been made with this technology is impressive. It's that essence that you can make transactions easily as long as you have internet and know how to operate it. It has been a challenge for everyone to be freed from the middlemen, but there's another option, at least now. The only thing is that if you don't trust enough the people you transact with, that will be a problem.

It's one of the ways to become financially independent.

If Bitcoin can circulate legally all over the world, I think there will be more application scenarios and we should be more free. Independent finance is an inevitable way.

What other applications would that be though? I can't think of any other uses for bitcoin besides being used for transactions for buying and selling goods and services. I think it's not just bitcoin that makes someone financially independent, it should also include many passive income and a good mental wellness.

Apart from censorship resistance, it is also the privacy, if done correctly. All other kind of online money transactions are generally a way to predict your spending habits and turn people into more of consumers. All of this recording and Big data prediction about people is pretty bad for humanity in the long run. In a way, these things are destroying the heterogeneity and the natural evolution of habits and values that human undergo.

With everything tracked and the next advertisement you see being based on what sells the most, its a bleak future to contemplate on. This is one of the main reasons that we need a transaction system where you are just an address and the next instant, you can be another address. There should be no way to club everything that you do in your life to predict the next choice for you. That takes away the power of "Free will" leaving only an illusion of it.

You can only get financial independence or freedom if you are Bitcoin hodler.

To become a successful Bitcoin hodler, you have to do some things
- Use your own money to invest
- Do it with spot market
- Choose a good wallet (non custodial) to use and create one wallet for your storage.
- Back up that wallet and test that your back up can be used.
- After you buy your bitcoin from spot market, move it to your non custodial wallet

Choose wallets: https://www.lopp.net/bitcoin-information/recommended-wallets.html
Electrum is good to use because it is light, and available for Windows, OSx, Linux, Android.
[GUIDE] How to Safely Download and Verify Electrum (https://bitcointalk.org/index.php?topic=5240594.0)

If you borrow money and do leverage or future trading, I believe that you will end with loss and as a debtor.

I support that aspect of Bitcoin being an inter-border currency that is one does not need to go through the stress of visiting the bank before sending money to love one’s across borders and solving the problem of third party involvement in financial dealings. These two features of bitcoin are what attract me to Bitcoin.

This level of adoption will come but it going to take a while for bitcoin to circulate legally as a global currency but some countries e.g El Salvador have accepted Bitcoin legally so it will not take long before other countries follow the same footsteps.

Call me a pessimist if you want, but I believe that the masses are going to use custodial services and third parties to do their transactions and are already doing so. It could be that in the future, people will be more and more aware of the "not your keys..." and will start holding their private keys, but I don't see it in the short term.

In this context, you mean independence from the government i suppose, but on a broader spectrum, to make your topic in-depth, financial independence according to Forbes,

https://i.imgur.com/YMB9a6V.jpg
https://www.forbes.com/sites/financialfinesse/2021/07/05/5-steps-to-plan-for-your-financial-independence-day/?sh=428ba10b2872

Having grasped a broader understanding of the words "financial independence" and as bitcoin enthusiast, we can say that proper investment in bitcoin over time and with good discipline for HODLing over time, one can achieve financial independence when the price of bitcoin hits the moon.

You are relatively correct but financial independence in other contexts can mean other ways of owning and using Bitcoin and other blockchain based digital currency,

What do you mean by "without any third party involvement" OP, I don't think one can send any crypto currency without the involvement of an exchange companies and if that is the case exchange has already serve the purpose of a third party and there is transaction fees.

It is no longer a secret that we can do that with bitcoin. Before it was an issue addressed and many don't like it because the fees were too outrageous. But today, it's very well cheap and those people that have been issuing and addressing about the fee, I don't know if they've stopped already talking about that problem because in reality, the fees have dropped a lot and it's true that even you send with millions in btc, the fees are not that much unlike the charging fees of the usual remittance and payment methods.

bitcoin is half way to financial independence, I personally think for that reason why everyone is involved in the crypto world, we are given the freedom to send anywhere we like around the world, without having to go through intermediaries, just sit at home, one press it is sent directly , hopefully in the future bitcoin will become more popular ...

Bitcoin is indeed one of the ways to achieve financial independence. Bitcoin offers so many opportunities that other investment platforms do not offer. With the help of bitcoin, we can earn a nice income depending on our strategy and resources. Bitcoin paved the way for inclusivity because it does not discriminate whether you belong to whatever bracket of the society, race, ethnicity, religion, and so on. With your own plan and execution in mind, you can generate profit and you can return your investment in just a few months or maybe years. The time span will depend on the market season and of course your ability to make a profit daily.

Bitcoin certainly allows for a certain amount of financial independence I can not deny that, but let's also keep in mind that bitcoin is not the be all end all when it comes to finance.  It's important to remember that there are still many financial products out there that are just as an important part of anyone's portfolio as bitcoin is.  I think everyone should own bitcoin but do it responsibly.

In response to this, it has been proven that the world is heading for a new era that is more advanced and smells of technological progress from the past until now.
Bitcoin has helped many people who want to know more about Bitcoin and all of its characteristics, especially in terms of the freedom to transact without being interfered with by third parties. This is a motivation for people who want to think ahead, so just don't waste Bitcoin and we still have to be able to avoid certain negative things such as fraudsters or things that only offer sweet projects/sweet promises only.

it is undeniable that bitcoin is the path to financial freedom today which can be said to be able to get quite large profits if it is experiencing a bullrun, but actually it is not only bitcoin that can open the way to financial freedom, there are many portfolios outside of crypto that can be a way of financial freedom.