Bitcoin Forum

The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?

If you approach cryptocurrency with the right mindset, you will achieve financial freedom, but if you approach it with the get-rich-quick mindset, you will be the first to call it a scam.
Since there is evidence all over the internet that others are getting rich or achieving financial freedom off of it, you can too if you follow the rules and have a solid financial strategy.

The answer will vary depending on the country, age, current job and your definition of financial freedom.
Achieving a return of 100 dollars is a large amount in countries and an amount that is more than normal in other countries, and therefore, just as if you are still in your parents’ house, it is different from if you are alone and responsible for the cost of your life from a person who has a family and children.

Financial freedom means continuity of learning, otherwise they are just illusions that we try to believe.

Maybe it can happen if everyone in this world is very comfortable and happy in using crypto currency and moreover if most developed countries are willing to accept crypto currency like accepting fiat currency for any payment. But if this is only aimed at each individual without involving many people or countries who want to receive it as a whole, financial freedom will still exist even though there are a few restrictions for everyone when they want to use it to pay for certain goods or services.

Why we don't move to a narrower range? The hyperinflation that exists in all countries has made saving money for investing in cryptocurrencies a luxury that not everyone can obtain.

A few months ago this topic was discussed: Is there a place in the world you could live like a king via sig campaigns? (https://bitcointalk.org/index.php?topic=5390048.0)

In a simple comparison, from that topic you will find that the amount of $20,000 enables you to live an above-average life in many countries, and therefore it represents 1 bitcoin today prices. If you mined bitcoin in 2010 and got 50 bitcoins and started spending them from today, then most likely you will not need to work for the rest of your life in most countries. .

From what I have seen in the news and also in the forum some people have met their life savings into crypto, and they have managed to be those people who have reached financial independence with the correct and lucky choice of project.

As long as you have gained profitable results in the investments that you have done with crypto, I think that’s going to be already the dream.

Maybe if you were to invest in it continuously ever since you discovered it, it may be 5 to 8 years ago, then that’s a life-changing amount.

To me, bitcoin or cryptocurrency is an investment, so if we know how to use it with the right plan, we can achieve financial freedom with cryptocurrency. Personally, I also aim for financial freedom through bitcoin and cryptocurrencies. To achieve financial freedom, we have many different paths, but with cryptocurrencies, it may be shorter, but we need to accept risks.
While many people always say that cryptocurrencies are not a get-rich-quick place, it is clear that we invest in them with that in mind.

It is true that early adopters of new technologies or investment opportunities, may have an advantage but they also faced high level,of risk. Crypro market is relatively new technology, that is why there lot of uncertainty & volatility surrounding it.To achieve goal of financial independence through investment in crypto currencies investment. it is important to have faith in Bitcoin and technology behind it. Consistent and strategic accumulation Bitcoin over time can help to minimize risk and increase the chances of long-term success.

I think the financial freedom that they meant is that no one can take your BTC/money from you unless you get hacked and they got your private keys.

If the financial freedom that you mean is you are not independent anymore and you earn a living, that's not it. You still got to work to support your family and yourself. There are ways to get this financial freedom in crypto but you got to invest big for staking coins, revenue-sharing casino tokens, or DEFI.

Exactly, I believe all factors should be checked before you can really claim that cryptocurrency has given you financial freedom. People that are not responsible for others or anything but themselves can't really understand that bcos no major billing is accrued to you, however, I think until you have been able to get those earnings from crypto you could reinvest even into other sectors and not waiting on your initial investment and this is outside the fact of "Not your keys, not your coins"

The dream of financial freedom can come true, through other means apart from crypto, some people turn into millionaires thanks to crypto and some people turn into poor because of crypto too, I guess that's the risk that's present in every investment, also off crypto space, the answer is yes, for some, independence through cryptocurrency is achieved.

It is possible to do at least el savaldor is running her financial services that way but at the moment it is not all the continent that will be ready for it because of what is involved to ensure that transactions are safely carried out and delivered. Cryptocurrency exchange requires internet network availablity and it is not all countries that are operating on 4G network while some are on 5G, some in 3G. So it highly depends on network availablity to start with.

Yes, people can achieve their dream of financial freedom by using cryptocurrencies because they can make crypto their investment. By keeping crypto as an investment, they can sell it at a high price. Of course, this will apply to coins that can really increase, for example, bitcoin. By holding bitcoins, people can get huge profits by selling them at peak prices.

And when the price corrects after hitting a peak, they can buy more bitcoins, and the cycle starts from there. With the benefits you get from bitcoin, you can be calm in enjoying your life and not worry if bitcoin experiences another correction.

Cryptocurrency is a good tool when persuing financial independence, but solely cryptocurrency isn't enough. You also need jobs spots or online tasks paying in crypto in order to achieve the so desired financial freedom. Otherwise, to rely on volatile investments expecting x100 and x1000 returns for a living isn't a solid alternative after all. The point is that crypto helps connecting the entire world financially, giving you access to opportunities you didn't have before bitcoin's existence.

I think people can achieve the dream of financial freedom by using cryptocurrencies because you can make crypto an investment for the future. Learn how to use these market shifts to put yourself in an advantageous position to gain financial independence. If you are interested in building a successful career in crypto, or achieving financial independence.

I've been experiencing it lately. Due to being poor since childhood, my mother taught us to be frugal, always saving for a rainy day or an emergency, which the kindness of my mother carried throughout my adult life, and it worked for me, plus throughout my life journey, I learned how crypto investment results what I've been working for, and it's worked out great for me, I've never looked back.

If you've done it on the right way and a little bit mix of luck when it comes on buying some hidden gem that could potentially hit up 100-1000x of your investment then that would be a good headsup.

You could make use of those profits whether to invest into real world investment or would be scattering out also in crypto as well.If you are wise on how to diversify your money through investment
and able to sustain out then you could achieve this state.

Of course this wont really be a smooth sail ride and not something simple that you could deal with since baring up the risks is much more higher
compared into those traditional investment that we do know.

Financial freedom is the dream of many people and cryptocurrency can be the answer to all of these desires. But we can't pull straight by having that kind of mindset, I mean there's still a lot to learn and not by using cryptocurrencies we can be financially free right away. Sometimes the country where we live will also greatly affect when we want to achieve that freedom.
One of the goals of cryptocurrency is indeed for that, but our mindset must also go hand in hand with that goal.

Bitcoin isn't and shouldn't be understood as a hedge against inflation because thinking like that can lead you to panic when the math stops adding up. Inflation in most of the EU countries is between 5 and 10% at the moment and Bitcoin lost 60% from its top. How is that an inflation hedge?

Can we achieve financial freedom with bitcoin? Of course but not the way most newcomers think. Bitcoin is not there to make you rich. Financial freedom is your freedom to transact with people all around the world fast and cheap with no limits and no need to exchange currency. It's not you buying bitcoin and becoming a millionaire in a year ;)

You can achieve having a financial breakthrough in cryptocurrency but i must be precise and frank here that it has a way or procedures to having it, first thing in mind to always remember is on the type of digital currency one is choosing, i believe not all the cryptocurrencies were allowed or happens to be a good source of an investment since many has scammed people and carted away their funds, we mist know the kind of digital investment we are heading for, bitcoin has always been a good recommendation for people to have a start, we must also do enough thorough research on them before investing, because any mistake or error will lead to lose of funds that cannot be recoverable, which is why we also need to understand the risk associated.

A big yes.

This question made me look for that image that's comparing how much you can buy with certain amount in the past through groceries and with bitcoin.

This is the image that I've found though.

https://i.redd.it/zs4byvahrgkz.jpg (https://i.redd.it/zs4byvahrgkz.jpg)

Looking at the image gives the idea on what we can really achieve with bitcoin. With all the inflation and stuff that we're dealing with from time to time, there goes bitcoin that are giving that sense of freedom financially.

Yes, it is possible for individuals to achieve financial freedom through the use of cryptocurrencies. As you mentioned, the decentralization and global nature of cryptocurrencies offer a level of freedom and control over one's financial assets that is not possible with traditional financial institutions.
But remember this, cryptocurrency can be a powerful tool for achieving financial freedom, it's important to approach it with caution and as part of a well-planned and well-informed investment strategy.

I don't want to say that I was financially free when I was in crypto, but as long as I was here from a few years ago until now at least I have enough for my life with my small family now with wife and children.
That I think is a pretty good achievement for me personally because indeed when we say less we will definitely continue to feel lacking but when in crypto at least my little family and I can buy what I need and what I want then that's enough for me.

Many people think that using cryptocurrencies like Bitcoin can provide greater financial freedom. This is because cryptocurrencies are not bound by governments or central banks and are widely accepted around the world.
Therefore, cryptocurrency users have more control over their finances and are less dependent on traditional financial institutions.

Bitcoin's creator, Satoshi Nakamoto, seeks to give power back to the people. There are no regulations, sanctions, or bans that can stop people from using Bitcoin as money. Beyond that, a calculated investment in Bitcoin could potentially bring people closer to achieving their dreams of financial freedom.

Bitcoin has a stable inflation rate and can protect the value of money from falling in value due to inflation. This makes it an attractive alternative for people who want to achieve financial freedom and protect their wealth from currency devaluation.

Here's a more recent picture that corresponds to the Bitcoin History
https://i.postimg.cc/QVGwH4Ps/inflation.jpg

That's a tough task to accomplish if you ask me. While everyone can make money on cryptocurrency, making the streams of money stable is pretty hard unless you do it full time. Well, even in full-time you'll find a hard time posting profits if you're not really a trained trader. You might make some dollar or two here and there but you'll never really beat the market if you're not trained to look out for signs.

It also helps that you already have the capital to buy cryptocurrencies and just hold on to them, although this one is kinda dull because you just let your money sit for extended periods of time with the possibility that you'll gonna lose your money in a flash.

With thought and smart work one can attain financial freedom through cryptocurrency because the cryptocurrency industry y y is a young and growing industry that needs a lot of work to be done properly such as mining and trading, both are the ways through which anyone with the necessary skills and experience can generate passive income.
-financial freedom encompasses a lot of aspects that need intense efforts to stay above the daily bills that can consume all your earning if your production is lower than your consumption level e.g if you living with your family and have a lot of bills to pay from your revenue.
-financial freedom also demands consistent learning and building knowledge that will sustain you for a long period and this can only be guaranteed through bitcoin and not all cryptocurrencies.

I am just guessing that financial freedom might mean having enough money or income that is enough to provide the basic needs of life. It could also mean your ability to control you investment and money without interference of either individual, corporate bodies or government. Bitcoin cannot make one rich overnight because the Bitcoin investment sector needs a lot of time a patience. One can become wealthy trading bitcoin and other currencies. Like in my country where our currency has almost lost 80% of it's value, people had to use  Bitcoin as a hedge against  and it really helped some to save against hyperinflation.

I have a friend who started investing in crypto as early as 2015, when few people know what bitcoin is. He banked on the infancy of the industry and cashed in big when bitcoin broke out and went to the moon. Now under normal circumstances everyone who got a taste of that kind of success will simply ball out until they lose all their investments on booze, girls, and things that hold no value, but this man made sure he wouldn't go that way, he learned financial literacy, surrounded himself with people that are worthy of his time, and expanded all his avenues to make sure he's not stagnated to one knowledge base/skillset.

Is it possible to achieve financial success in crypto? Yes. Millions of people owe their success to crypto. But what sets them apart from those who really succeeded is discipline and financial literacy.

Yes, it's totally possible, but... as time goes, you need a bigger investment to receive significant gains and life-changing generational wealth. More and more billionaires, corporations and countries are buying Bitcoin. Back in 2011 you could have spent several dollars and become financially independent by now. Now you have to invest thousands and tens of thousands to achieve the same results. Bitcoin is growing mature.

Many have been successful in crypto and achieve financial independence but always know that their struggles before achieving that goal is never easy. It’s really a matter of hardwork and resilience, and of course patience as crypto is very unpredictable. And it’s very important that you are investing in the right projects, because that will give you decent amount of profits. Otherwise, if you trust the wrong projects, you will only lose your money and you may be discouraged to invest again.

You know, its quite easy to get to that 1 million mark if you are doing pretty well in crypto but to become a millionaire and to live a millionaire lifestyle is a complete different things. You need a whole lot more than just 1 million to live that comfortably lifestyle and in this case it doesnt mean anyone that hit the 1 million mark is financially free at this point unless if you are willing to go down to your usual daily 'normal' lifestyle

Yes but it will take more time because cryptocurrency is not an easy rich scheme, many spend a lot of time on this before they achieve success.

You can earn more once you are more consistent in what you are doing, and doing your best all the time can help you reach your goal. Learn more, and stay discipline because in cryptocurrency those who became greedy can lose everything, just know your strategy very well and be committed.

People should remember that it is not a walk in the park to earn profits in this market.
Also, some have the concept of getting rich fast when you get involve in this, not knowing that there's more than meet the eyes here.
It doesn't mean also that at your first crypto investment, will give you tons of profits, which I believe some newcomers have that mindset.
Once they are in this market, they will soon understand that it is hard work, patience, and your initial funds that will give you an edge to attain your targets.

Agree with what you say, because regardless of anything this only depends on our opinion about financial freedom itself.
There will be a lot of differences between one person and another when talking about it depending on existing factors as you said such as country, age, occupation and conditions.
But when talking about personal conditions I think this could be a good solution and I have felt that even though I have been here for a few years.
I don't mean to depend on crypto for life because right now I also still have my main job but indeed with crypto and I'm here until now I feel happy with my financial condition. I was able to buy what I wanted before, which was not possible when I was not in this environment.

Actually there are people whose main source of income are from this technology; investors more likely and I know some. But this fact is not applicable to everyone. Those who are earning huge are simply having huge capital and not all people have that. Also, this industry is full of inconsistencies which should be enough to say that profit will most of the time not be constant and risks will always be there. In my opinion, it will still be better for you to have a stable job while having investments, if you are an average person,  to sustain risks and other expenses. Never let the idea that there are people who became rich in this industry, to make you too optimistic in this technology.

I like this image even more.  :P

I think by means of that you're talking about deflation. It's known that bitcoin is a deflationary asset and this is the reason why we're on it. It's true that it's protecting the wealth and value of our money from these crazy inflation rates and they'll keep coming year after year.

Well by 2025, we'll see a new image that contains some decent house and lot properties in addition to that comparison image. And hopefully, most of us will achieve that, just keep on holding everyone.

Bitcoin is savings technology, but we can only guess at the end of the day, it's how we paddle our way up to get there, and it also involves luck and risk.
The funny thing is that people just bought magic internet money without educating themselves about what crypto is
However, if your financial advisor hasn't already recommended Bitcoin, it may be time to fire them and find someone who will :)

People can achieve financial freedom with crypto because of owning crypto, especially bitcoin. By owning thousands of dollars worth of bitcoins, we can buy lots of luxury items or don't need to work if we have a lot of bitcoins. And all of us who join bitcoin are still trying to collect more bitcoins for our future, even people who already have lots of bitcoins still want to have more. And investing our money now can provide an opportunity to make a lot of money, especially when the bitcoin price has returned to a very high price.

The popularity of bitcoin, Etherium and other cryptocurrencies is at the center of attention of today's youth, it has the potential for financial freedom by offering decentralization and not being tied to any government entity but in this case we cannot claim that crypto can solve all financial problems without risk, volatility which has become a problem to this day that makes us have to be careful in doing it, maybe there are some people who take advantage of that volatility to seek profits in the crypto world to increase their income but to get there, sufficient guidance and understanding is needed in taking trading moments in the crypto world to look for profits and of course behind that there is a risk of loss.
Things related to inflation, hedging and devaluation are the other sides of the excess with cryptocurrencies.

Moreover, if you own bitcoins since 2011 and hold them until 2021 or now, you will like them even more.

Bitcoin is categorized as a deflationary asset because when the amount of money in circulation in the market decreases and prices fall, while demand for goods and services remains constant or even increases. In this case, bitcoin has a very limited amount, with only 21 million BTC available, which reduces the amount of money in circulation and helps maintain the value of bitcoin. This makes bitcoin a very attractive asset for those seeking stability and protection against inflation.

We will see that after the 4th bitcoin halving, whoever is able to survive will benefit.
Although the market is still volatile and bitcoin is still down from its last ATH, Bitcoin will definitely be able to reach ATH again.
This a good opportunity to buy gradually and not miss the moment to buy at a fairly cheap price for now.

It is necessary to underline, that the risk of crypto investment is great, but it is also proportional to the benefits.
Buy and hold until the new ATH is reached will be a good strategy. DWYOR

Why not? Bitcoin is money, a tool to get rich just like any other investment. Even I believe bitcoin can get us financial freedom faster than other ways to get rich. Aren't we here to do that? I believe 100% of people who invest in bitcoin want to get rich with bitcoin because of its volatility. Take risks to get rich with bitcoin.

Many people I have met online have been able to purchase houses and expensive cars, and they have become wealthy, or at least have a lot of money in their wallets, due to cryptocurrency. You may have noticed this as well. However, there are still many people who lose money with crypto and some even quit their regular jobs to focus on it. Nowadays, people are having second thoughts about where to invest their money, unlike in the past when the bank was the only option. They are now investing half of their money in the bank and half in Bitcoin, as they know that they can potentially gain more profit from crypto than from the bank.

Getting rich is the ultimate goal for everyone everywhere and not just here. I also agree that people who invest are because they want themselves to be rich through the profits they get. But until now not everyone is able and willing to take risks to invest in something if they don't really know or understand what they are going to invest. So in general Bitcoin is only chosen by people who are very familiar with Bitcoin and understand the volatility that exists in Bitcoin itself.

Like what I also previously mentioned, there is absolutely no easy-way of getting rich. If entering cryptocurrency is what others considered as a "cheat code" of getting rich, then that kind of mindset would bring them more harm than good. If such were the case, then everyone would have been rich by now.

Financial independence require good foundation and knowledge on the topic. If a person has what it takes to maximize the potential of investing in cryptocurrency, then this will further bolster the chances of him/her achieving such end result. But in no means that this is the answer for every financial problem that they have as they also have to work hard significantly to achieve it.

Very interesting definition of Financial Independence on Wikipedia


Very happy to say that the above definition have been achieved here. Interestingly it was achieved after I got into cryptocurrency. But I believe it was due to me serving the role given to me by my LORD as I was told by someone who was likely a seer that something good will come to me soon, shortly after that I got into crypto. So, without my LORD, cryptocurrency alone wouldn't have done it otherwise we wouldn't have many in cryptocurrency space still depending on others to earn a living and survive

Many people have achieved financial freedom through cryptocurrency during the early adoption phases and even up until recent. There is no reason why this can't be achieved over the years to come too. All that is needed is patience, a good strategy to not only increase holdings but also to balance your life with your pursuit to increase holdings, and to be vigilant of new opportunities (and of course, responsible and cautious). It sounds easy...though I think the biggest challenge in this is discipline to principles involved with following all of this flawlessly. It takes one or few mistakes to cause a significant set back in this space.

For 1 : 1000 chances, yes.
For example, people who have invested in Bitcoin from a long time ago and finally sold it when the market grew big in the 2018 period. Then several people who were selected as developers of a coin which is currently in circulation and in high demand, can also be said to earn income from crypto.

But on a broader scale, for example people who suddenly come and want to try their luck in trading, investing, or even bounties/airdrops, I think it's too risky to only depend on crypto as a goal of financial freedom.

The answer is simple: you can't!
Now I will explain. Cryptocurrency has a lot of features: from high volatility to uncertain legislative status. From the impossibility of predicting the course of cryptocurrencies with a guarantee, to the impossibility of understanding how the legislative framework around the world will change in relation to cryptocurrencies.
The only thing that can be said is that if you immerse yourself in the topic well, delve into the nuances, have access to "insider", learn how to choose good crypto projects for investment - then cryptocurrency can become a good assistant in obtaining additional income.
Otherwise (take to buy cryptocurrency and hope for
  its constant growth) is a very risky undertaking.

Financial freedom and financial independence are different things to me, although it depends on how we define them. Bitcoin grants financial freedom in a sense that you own your own coins, you can send them to anyone who has a Bitcoin address directly, the currency isn't owned, managed or regulated by any central authority. Financial independence means having enough income to cover your own expenses without relying on other people (I'm basing it on Wikipedia now). A person can find a job, get paid in Bitcoin, and become financially independent. But it's also very likely that it won't happen. So Bitcoin is about financial freedom, but not so much about financial independence.

One of my friends have been scammed online - he lost a big investment he has made to the crypto'
If the crypto can bring you some stability - it can bring you so much trouble as well. So don't depend on crypto only.

Well, we cannot deny the fact that some have been making fortune with crypto investments and these news are widely seen featured in the internet or in social media. Hence, it’s a good proof that crypto paved its way for financial freedom and financial prosperity. But I would not say that all of those who venture into crypto are now making 6-9 digits as their earnings, of course there are some who succeed while others also end in failure. It’s still a business, so it’s a matter of win and lose in the end.

sometime it is luck as well - some people work really hard and do not get anything in return
On the other hand some people are lucky to get money out of everything they try!
Many people are happy on achieving some good money in return of their crypto investment

That was normal and that's because they are fake. They only use those images or videos to be able to attract their potential prey to invest on them but even not online, there are also ponzi organizations who still use cars and houses to entice people. Meanwhile, quitting jobs to focus on crypto is one of the silliest idea I've ever heard.

I think that's a suicide since cryptos are not guarantee to make one a profit and then it can also take time for the bull run to arrive so how can we eat if we will only depend on it? Banks are a good option before but not anymore because the inflation rates have doubled up already so people are now looking for alternatives. One of it would be bitcoin.

Financial Freedom is nothing but just adopting Bitcoin is all you need as far as I know we are talking about the Decentralization of the network and its reliability then dude ETH now doesn't stand on the list. I was in the favour of ETH back one year ago but now I think ETH is also now centralized network due to the limited number of nodes. But yes Bitcoin is standing alone as the most reliable and decentralized network in the crypto market.

For achieving financial freedom now these days all you need to do is raise your voice for the self-custody funds and it's your right if they neglect your demands then simply shift your financial system to the DeFi. Defi is the true power in your hand's system where I think the maximum unbanked community is enjoying the services like collateral non-collateral best Loans, Staking, and whatever you indeed.

Yes, because crypto investment is life changing. But success will never come to those who only enter the crypto market and then leave when they start losing. Of course, no one becomes successful if you quit. However, for those who keep on struggling with crypto investment and tries to be resilient in every unsuccessful days, and continue to venture the crypto market despite of their mistakes and losses, those were the ones who succeeded in the end. So it’s a fact that crypto can achieve financial independence, but not everyone are given the chance and luck to achieve it.

Financial independence is achieved. When the wallet serves as one's own bank it is possible for the users to spend whenever required. This form of financial freedom is achieved through cryptocurrencies. Apart from this, people making an earning in the form of bitcoin too possible, but there is high risk as well as market won't be the same everytime to give stable earning.

The popularity of crypto currency was raised after the 2017,after the rise of bitcoin price in 2017.The decentralised crypto currency was used by most of the people as compared to the centralised currency.Ethereum is the centralised crypto currency for your information.Only the bitcoin was surviving for the decade as compared to the other crypto currency.Many crypto currency was begins after the bitcoin launch,but it not as same compared to the bitcoin.Most of the people in developing countries also earning some crypto currency from the forum,it helps them to get financial freedom apart from their job.Many people became a full time crypto currency trader.

Lots had reached out that financial state on which they do able to make themselves get rich specially into those holders and the other way around is that to those people who do able to make some sufficient earning or income via trading or other crypto investment.If you do able to achieve this state then you could really achieve that independence but of course this isnt something simple that you could deal with.
It isnt something that all would be able to easily get deal with, this is why we are thriving and doing our very best and this is really needing to have that risk taking because this isnt something that
you could reach out without having that proper dealing.

Financial independence in the form of free to use their money is being achieved. We can't do anything with the fund getting accumulated in few corporates hands to be dispersed all around. We can't raise questions, because its their hard earned money. When we talk of equality we can't consider it, because sharing the money of government is different from sharing an individual's earning.

Yes true, owners of crypto assets that used to buy cheaply now have enormous wealth, of course many people are lucky because they buy bitcoin for less than $ 100 and then can sell up to $ 10,000 or up 100x, let alone more fantastic altcoins because of big increases, ever people say he became a millionaire because he got an airdrop of altcoins and hold for less than a year.

The idea that bitcoin and crypto exist enough to give you a sense of financial freedom and that's so true and truly unlike anything anyone else has, and also for those involved especially the old ones it's unprecedented. Even beyond expectations, it turns out that bitcoin or crypto is a gift for those who can manage it.
And I'm talking about financial freedom that is not restricted by governments and banks, because we are in complete control of it ourselves.

So I'm going to end on a positive note here and say yes, that bitcoin and cryptocurrencies are the pathway to a new kind of financial freedom, but freedom of thought is just as much freedom of money.

Investing in cryptocurrency might not give you the financial independence that you seek. The conditions in which you can attend financial independence through cryptocurrency is when you have so many cryptocurrencies related skills that you will do work for people and they will pay you.
Again when you are a professional trader you could make financial independence through cryptocurrency.
Another set of people are people that are willing to gamble with altcoins, they may lose them all or be lucky to get x10, x20 etc

Bitcoin is the only decentralized cryptocurrency. Etheruem does not belong here.

in theory cryptocurrencies can provide financial freedom to users,, because the Defi system has provided long-term rewards to stakers .. however, in practice this is difficult to happen because many Defi projects are scams and don't pay their stakers, and Defi projects that still pay their users no longer provide the high rewards they promised at the start

This is literally the reason why I am in crypto. I hope to one day have financial independence at a level where I no longer worry about money and I won't stop working until that day. I need to have at least a million dollars to never worry about money every again, probably more than that as well, because I do not feel like it is enough, and anything bad in my life could ruin that and I need a backup plan.

But, the whole idea of crypto for me is to have enough bitcoins in my portfolio that turns into a big enough number one day. So far, crypto is working as per my expectation like it could make me richer or like at least an average employee to be retiring with decent money for rest of life.

But to hard to find long term platform and those who exist promise a good platform together with good profitability is a scam. Maybe for now its hard to find financial independence on cryptocurrency not unless if you have skills to offer and you have many works gotten from multiple clients around the world. But if you are just relying on luck to win on tradings or investing on Defi,NFT or whatever projects maybe its so hard to get in that status.

Not really but we can consider this as one contributor to our financial freedom.
Looking for financial freedom can't just get solely to crypto investment but this can only be possible when having multiple sources of income. With the volatility of the market, it was found to be a riskier investment that couldn't guarantee assurance which is why some people will say that crypto investment is not a passive investment.

The real DeFi project is a long-term dedicated project and if for now it's no longer paid higher I think that's a very reasonable thing, because the project only implements bigger payments at the promotion stage. Meanwhile, when it is as well known as it is now, of course the payments will always be equalized so it shouldn't be considered a problem.

In addition, a scam DeFi project is a fake project that is only created by a group of people when the original DeFi project has been born or already exists. So a group of irresponsible people can simply copy the basic framework to create a new project. But for matters of financial freedom that have been discussed in this topic, I see it not towards the DeFi project, but more towards everyone who can make money continuously so that everyone can feel financial freedom even though they are not working in a government agency in their country.

You still need a job regardless. Yeah, we all know that crypto has been not just on the rise, but also popular throughout the recent years especially when we're talking about decentralized investment like Bitcoin though we should consider how volatile its price can be at any time and that is not really something you wanted when we're aiming for financial freedom.

You can't be financially free with something that is volatile. It's quite contradictory. Crypto ain't going to give it all to you.

Yes! In fact, financial freedom / financial independence is the desire of anyone, everyone wants to plan, build, and achieve their own goals to achieve financial freedom as soon as possible.  I also don't want to be dependent on anyone, want to do what I like.  My plan is to do it all, build a suitable, serious and clear investment strategy.  Wide range of investment options including stocks, cryptocurrencies and real estate.  I think it is not necessary to set up a separate type/plan, but to combine them in a reasonable and timely manner.  Bitcoin and cryptocurrencies make my plan much more varied in my quest for and towards financial freedom.  I hope and wish everyone here will achieve financial freedom in bitcoin/crypto

You will get different answers depending on how you approach cryptocurrency. You can fulfill your dream of financial freedom if you approach Cryptocurrencies in a non-greedy way. Approach Cryptocurrency slowly, choose assets that have strong fundamentals and do it gradually.
Greedy people are more likely to sink into the pit of loss because they approach Cryptocurrencies in the wrong way. It takes strategy and patience in Cryptocurrency to realize the dream of financial freedom.

yes you are right,, and that's why I said that "in theory" a project like Defi can provide financial freedom,, because it provides passive income to its stakers and with this passive income its stakers should be able to achieve financial freedom, but due to the current state of the crypto market down, it makes the rewards from staking on Defi no longer reliable for the stakers because they are small .. if only the reward was high, surely there would be many people who achieved financial freedom from staking crypto

I think the answer to this question is more on this positive side, so yes, crypto currency can indeed provide financial independence to those who are lucky to find the right project and invest in it early enough, those who invested in bitcoin in its early days and maybe held it to 2017 or maybe they still hold it even to today, as long as such individual have access to his or her bitcoin, I bet you that such person have achieved financial independence, And so it is with those that discovered and invested in Ethereum, Binance coin, Solana and many other top crypto currencies.
Atleast, i know some individuals here in my country that are super and extremely rich, and how did they attain such a status in financial independence? its through crypto currency.

It is possible to achieve this goal, but if I were to take a guess only a very small number of investors will be able to do this, and this is because of the mistaken expectations most people have out of this market, there are many investors interested in achieving financial freedom thanks to this market, but they expect to invest a few dollars and make millions, and this is not possible, anyone which will reach their dreams of financial freedom is probably already on their way to achieve this goal, and the market of cryptocurrencies will at best accelerate this process.

I guess a lot have proven it already that they are gaining financial independence with crypto that is why most of the people nowadays are now starting to explore the crypto market hoping one day they can invest with the right projects that will eventually give the decent amount of profits. However, it’s also a certain thing that crypto is not just about making profits and gaining financial freedom, it can also make your whole life into a roller coaster ride and end up financially broken if you invest in the wrong way.

I'm responding to this thread through the subheading,  from the beginning of cryptocurrency it's obvious that it's independent, my reason to portray such is that government have no power of Bitcoin price, so whoever that is investing in Bitcoin is independent for financial situation. Trading of cryptocurrency and long term investment and Short term investment of cryptocurrency are independent.

The thing about crypto that everybody talks about is control, unlike traditional money which has somebody else pulling the strings in trying to control inflation,money supply, import & export of goods you name it...crypto has less drama of this, and no third party will have this control over your crypto assets.

Besides when it comes to bitcoin and other altcoins, when nobody knows about your crypto stash it will remain as is but with traditional money someone can dig up your loot if its in the banking system and what not and this is the financial independence and peace of mind you get with cryptocurrencies.

Right mindset..ummm this is giving me ideas and what happens if you choose to keep money in crypto to hide your financial well being and avoid

prying eyes when you get to keep money at a bank and probably choose not to contribute towards your tax and whatnot...is this the right mind you were referring to lol  ;D

There are some factors into it.

Where are you living? If you're living in a third world country, then a small profit for other people might be large to you already. If that's the case then you can achieve it faster than those who are in a different country like those in the first world countries. Another one is time-frame. How many years are you willing to hold your cryptocurrencies? 1 year? 3 years? 5 years? Achieving financial independence takes time and when I mean it takes time, normally it takes 5-10 years depending on some factors like when did you bought your cryptocurrencies and when did you sold it. Your mindset is also one. If you think that cryptocurrency is a quick rich scheme then better invest in those HYIP's out there.

Financial independence thru cryptocurrency is definitely achievable. I've seen some people here in the forum, and online and for sure those early adopters whose lives are changed because of cryptocurrencies.

You cannot achieve financial freedom by locking your crypto up because you want to earn interest through doing that, by merely locking your funds up that way you aren't in control of the funds anymore, you can either be scammed easily or the platform in which you've staked your coins could fold up and that would signal the end of your money.
That is exactly why you should stay away from them. If you want to earn long term ROI on crypto, you should buy Bitcoin through DCA and hold it for a couple of years, that way you'd be in control of your coins as well as the ROI accrued.

In my opinion, it's only in their mindset and how they use the Crypto they have, someone will achieve financial freedom if they know how to use their Cryptocurrency perfectly, and they will fall back into poverty if there is an error in using their Crypto too. I think Crypto is just the object, if the management is correct then that person will achieve financial independence through digital currency.

No. cryptocurrencies can be a means to invest, protect themselves (hypothetically) from inflation, but neither more nor less can be compared to one currency like another.
Financial freedom does not come from owning 1 cent of btc...maybe in 100 years but not immediately.
Much important I would be very careful and throw stablecoins and altcoins into the same group with btc ...

Cryptocurrencies have become valuable and dynamic assets and investments, of course with large capital we can get profits from investing in cryptocurrencies, simple things we can see from daily price fluctuations that can reach 5% so assets automatically increase too, many people have already successful and rely on cryptocurrencies for passive income.

If we consider financial freedom as the absence of any intermediaries in transactions, which were usually banking institutions, then indeed, cryptocurrency in this regard helps to achieve such freedom. However, if we consider it as the ability to get enough money with the help of cryptocurrency to feel independent in order to satisfy our material needs, then the situation is much more complicated. Yes, those who acquired bitcoins, ethereum and other top coins at the then low prices in the early stages and held them for a long time made a good profit. But this does not mean at all that this will always happen in the future. Cryptocurrency is very unpredictable in terms of price.

Those who do not have large capital can still use crypto as their investment, which is the advantage of crypto. Many people use small money to invest, and they choose coins that suit their money. And there are even those who have invested regularly in bitcoin with the same amount of money every month because they know that the price of bitcoin will increase in the future. This makes them excited to continue their investment because they hope to reach the stage of financial freedom in the future.

In cryptocurrency if everyone who wants to invest can not only be done with large capital, but with capital that is not too large it can be done because in the cryptocurrency exchange everyone can buy with the smallest numbers. Which means that everyone can buy according to their ability for certain assets and do not have to buy one unit if their ability is only for half a unit. So this is how easy it is to invest in cryptocurrencies because everyone can buy according to their individual abilities without any restrictions to always invest more.

Yee, you can obtain financial independence through crypto currency if you really know wat you are doing, I know of a friend that has gotten financial independence through crypto currency and he is doing well,  like every other business if you tak it serious, hi e it your time and keep on improving every day someday you will have financial independence through crypto currency,
Great men take risk so take risk and invest in bitcoin and who might gain financial freedom sooner than later, who knows.

Cryptocurrencies are investment instruments like stocks or forex, all of which are unpredictable. I've seen many people achieve financial freedom by investing in the other 2 markets, there's no reason why crypto can't. All the work or investment that can help us achieve financial freedom, all by ourselves and not because of the cryptocurrency or the work we do.

I have a sister who is an accountant, and she said that the accounting profession doesn't make much money, and her salary is meager. But meanwhile, my company's bookkeeper used to make several thousand dollars a month. Therefore, there is no profession that does not make money, it is just that we do not know how to exploit it effectively.

Many have been successful? Meh, I don't believe that conclusion still. I wonder if there is any data supporting that conclusion that there are already people that succeed to it. I cannot even hear nor see any news about it in social media at all.

Sure it is viable for passive income, but it is not going to be the one that surely generates success. If it can make a person successful then why does not everyone just go crypto?

Sometimes when we saw someone get their moment (like holding shitcoins and it become millionaire instantly), we have to know that just 1 in a million chance, and we suddenly forgot the fundamental and trying to do the same as the lucky guy.
I think this is everyone's dream at one moment that we could reach freedom of financial with crypto but we have to know that crypto currencies have the potential to provide an alternative means for achieving financial freedom, they also come with significant risks and challenges. It is important for individuals to carefully evaluate their financial goals and risk tolerance before investing in crypto currencies, and to be aware of the potential downsides.

The good news is that more services are adding crypto currencies to their payment options. This will facilitate the use of crypto currencies to pay real life expanses, which results in increasing the freedom everyone could get by using crypto. When you have the control over your assets, and in the same time have the ability to spend them on services you need, you won't be in need for banks or other options. What worries me the most is that banks are trying to control crypto throughout custody services benefiting from the widespreaded scam and phishing operations.

That is true, people need to learn that crypto is not the saviour all by itself, what you do with it could be a saviour though. If you know how to use it and you know how to make some money from it, then you could definitely make some big changes in your life and have the financial independence everyone talks about.

I think I will never have it, because I am always scared of going back down to poverty and maybe that is a good reason why people fail to avoid it, because they are not afraid. I have seen too many people who keep buying liabilities that makes them poorer, and there is no logical argument on why you would do that if you want more money.

that can be done if someone wants to be financially independent if he is truly independent in managing his financial management in every aspect in the crypto sphere. But op should give a more detailed question in this thread because if you ask someone can achieve financial independence of course everyone can achieve it all because crypto work can be done on the side meaning that someone can take advantage of free time to trade and follow airdrops that are spread on social media.

In addition, people will achieve independence in this life if they are no longer dependent on their parents in every aspect of their needs.

I would say having bitcoin will make you richer if price went high in future and that's the case we call financial freedom if I am not wrong.

Not many just everyone is running everyday to achieve their financial goals and it varies from one to another, hoarding bitcoin is one way to do it but to make all this happen we need to know how to monetize our skills and market it to wider audience further gradually.

You would get rich but depending on how much you had invested but im not really that too positive considering that we arent be able to see huge multipliers of your investment with bitcoin.For some percentage then

yes but for how many folds then it wouldn't.This is why people would really be tending to touch up into altcoin because they do really mind off on getting able to hit multiple folds of their investment and this is why
people do choose up this path.You could really achieve financial independence through crypto if you would really be able to hit the right project.

Its not really that simple though because it would really be requiring that extreme analysis and of course the risk taking you should be doing.

Crypto investment alone can't fully provide us with financial freedom but at least this could help us to improve our finances a little bit. So, if we think about getting rich from here, I'm not saying it was impossible but it probably will take many many years before it happens. In order to have financial freedom, we much urge ourselves to acquire more investments, we need more sacrifices to get there. But if we don't have the courage to risk more money and become patient, this is just a dream, and no way to reach it.

Financial freedom or independence includes several elements, not only the current wealth that we have but also some other aspects. The financial freedom indicators may be also different from each other depending on how someone will manage their finances and other conditions of the economy.
Someone sometimes is said as financial freedom if they have not only what they need for life but also have no hard thoughts again for their future. there must be a certainty for them to life in this world without any worries about their money or wealth being erased or bankrupt. There must be a condition where they have active and passive incomes. If they enjoy the life with exact money and wealth that they have, we may feel about financial freedom. Moreover if we have many investments not only in crypto, but also in property, stocks, gold, and others.

I know it’s possible because a lot of people that are into crypto before are now experiencing financial security and financial freedom. Especially in times of endless inflation, the more that we should have crypto hodlings instead of focusing on fiat alone. But always know that crypto has also its own risks that’s why we should first study and learn about it before we let ourselves engage into bitcoin or any cryptocurrency.

When we are on that situation where financial independence then it is automatically that we would really be putting up something for our future.The most important thing that you would really be minding is on the current
condition that you are facing on.If ever you would be able to sustain it out then you could really be that so sure that your future would already be secured.Some people would be even thinking on scattering out their
assets or earnings into various possible potential income generating businesses or investment to widespread out more the opportunity on earning more.
We are all aiming for the same target or motive in life, there are really just situations which people turns out to be unsuccessful if ever they would really be making out some attempt.

Financial independence in a spherical vacuum is not so important in itself if all your finances are spent on basic physiological needs. Financial independence is when you have the necessary amount of finance that you can dispose of at your discretion, and of course, the more ways there are to do this, the better and cryptocurrencies are an additional way to ensure this. But I repeat once again, for financial independence, finances themselves are needed, and the more, the better ;)

Honestly I think it's all heavily depends on the fact of whether you could really make money through cryptocurrencies or not, there are many ways of course in generating profit like investing and trading.
but the thing is, whether you could make profit from such way is entirely different thing.
I believe that the only thing that could make you financial independent would be making so much money then becoming rich, that's common sense but very few could actually make it that big.
just find a way to make yourself rich then you'll easily become financial independent, the key is becoming rich.

In my opinion, it is not easy to reach financial freedom by investing some money in Bitcoin and some major altcoins and waiting for them to appreciate. In fact, mass adoption is not yet complete. So, a few decades from now, we might find today's prices funny. However, when I am realistic, I think that it is not very possible to achieve financial freedom by investing some money in Bitcoin and some major altcoins. Maybe you can achieve this if you trade like a stockbroker.

https://pin.it/2zvHaUo

I think you need to be a bit more specific with what you mean exactly by "can one achieve financial independence through crypto currency"?  Are you asking if you can get rich by owning bitcoin/cryptocurrency, or are you asking if bitcoin and other cryptocurrency coins can "take over" traditional forms of payments and systems such as fiat money and banks.  I'm just a bit confused exactly what you mean by that question.

as I said before that Crypto is only the object. if you are able to manage it well then you are a lucky person, but the opposite will happen with Cryptocurrency. I think not a few who comment here are people who have experienced failure in managing their Crypto. anyone can gain financial independence with Crypto, but not those who are greedy.

Cryptocurrencies is a very valuable investment, the Bitcoin marketcap is currently more than $ 470 billion, the potential increase is very large and today has gone up more than 10%, if we bought $ 1 million yesterday so today we can profit $ 100k, and this proves that Cryptocurrencies investment can be used as passive income.

For me, cryptocurrencies and stocks are two categories that I think have a basis for achieving financial freedom.  There is no formula for financial freedom for “salaried people”???  Absolutely not and won't, I know that.  To achieve financial freedom you must accumulate and invest, seize the right opportunity at the right time.  For crypto, I had a bright chance to change my life for the better in 2021 but missed it completely, I didn't give up and kept pursuing my dream of money  electronics by continuing to accumulate purchases and build your strategy.

As for me, we can reach the financial independence that we want depending on how we deal with cryptocurrency and how we handle its risks. If we are earning and making a profit from it then we aren't far from financial freedom.
If we know how to take advantage of trading and investing then it can be our key to financial independence. If we take the volatility of the market as an earning opportunity, then we are not far from the kind of freedom that we want. Cryptocurrency is already an open opportunity for everyone to make a profit and we only have to know its real worth and importance.

Those who start early in crypto before the bitcoin reaches this amount or early in 2017 who hold then sell when bitcoin pumps probably made alot now in bitcoin and reach some financial freedom or started to have some capital to attain financial security. I have read many feedbacks before here in forum how bitcoin changed their lives and how they were able to build houses and business because of bitcoin. At times like this it can still be possible but there is a need for more discipline as well skills to gain profit it is not enough that we buy and hold we need to trade it now to make some profit in our investment. If we’re skilled in trading then financial independence can still be possible.

  With the situation on ground in my country, it will take more decades for crypto currency to creep into standard market exchange, this is because of the level of ignorance in the rural areas, governmental policies that negates the easy transaction of commodities through crypto currency. And to mention but a few. But for those of us who are enlightened about crypto I think it will make a long way for us to pave our financial freedom.

What I understood was having financial freedom to not work, or worry about money. Financial freedom is talked about as if that is the way you should be living without worrying about money and work, since most of us live pay check to pay check and if I lose my job, I can survive just a few months and not anything more, that means that if I have financial freedom, my next pay check could be unknown and I may not ever have any again and yet I could be able to just survive.

This means do you think you could get rich enough to never work for money again thanks to crypto? Is the real question, I believe we can, I do not know if we will, but we can.

It’s really possible to achieve financial freedom with crypto but you have to do it with the right attitude and the right mindset as crypto investing is never easy. If you can overcome all your losses and learned from all your mistakes and failures, probably you will have a chance to succeed but if you quit on the middle of your investment, you will never end up being successful in your investment.

It will never hard to attain financial freedom as long as you work for it and you exert a lot of effort and determination to make it successful. No matter how risky investing in crypto, but the fact that you are prepared to take the risks and do everything that will make you successful in the future, then I think the risks involved are worth taking as long as you also set some limits and goals in the first place .

There are many members of this forum that gain financial freedom by getting lucky and reaping huge profit from their crypto investment.  Aside from that, early Bitcoin enthusiasts that hodl in its early years until now is clearly those people who had achieved financial freedom.

There are lots of evidence that shows people who invested in cryptocurrency gained financial freedom because of the huge profit they got when the market get hyped or pumped hard.

And how, for example, does cryptocurrency differ from the point of view of generating income .. well, for example, from growing vegetables or, for example, programming?
There are other ways to achieve a good financial performance. But cryptocurrencies have an "advantage" that fools a lot of people. The problem is that, unlike work that produces a real product / service (growing vegetables / programming), cryptocurrency does not create anything. This is a purely speculative asset, where you can earn, as it seems to many, "without doing anything." Yes, in 2017, there was a great opportunity to earn on the hype of cryptocurrencies. And everyone thinks that it is just as easy to do it now. But .. I repeat - this is a speculative asset. And even if you manage to GET income, it will mean that someone has LOST funds. For assets that do not have real collateral, "earnings" always occur due to the loss of the other side of the transaction

There are many people who say they are financially free when in crypto and I am also one of them. It's been the last 3 years I've been making money through crypto investments and that's enough for my needs. I think it's just a matter of hard work, consistency and patience to achieve financial independence. Because now we have to be smart to use this technology to get income.

maybe if you are very familiar with making profits or money from the virtual world it is very good, but if you expect to invest and only focus on one coin maybe it is difficult to stabilize your finances every day. I too have been investing for a long time but it seems I'm not so lucky.

Saying you have been making money for three years in crypto investment without stating how you achieved this can be very deceptive. We all know the market had serious downtimes from November 2021 till the end of 2022 so it will be good enough to state how you were able to achieve your success this three years so that newbies won't just jump into investing and think the market is all rosy.



Crypto assets is all about taking the risk and it doesn't just end there, It also involves making the right investment choices, knowing what asset is what risking on and having enough patience to make profit. Crypto investment is based on emotional control and good analysis. Most times people can make losses in the bull market due to emotions and poor analysis. The success in crypto investment isn't as easy as it sounds it comes with so much research with dedication.

Thanks for your comments. By "financial independence through crypto currency" , I was referring to the possibility of individuals achieving long-term financial freedom & security by investing in crypto currencies, such as Bitcoin, Ethereum and other alt coins. This could include  accumulating good amount of wealth by price appreciation or earning passive income through staking or yield farming.

It depends on your strategy not all crypto user are financially free, we are crypto users here but still we don't have big money to be called as financially free it is because we have a different ways or decision on making money through crypto, some people are lucky and some are not that is why we have a different status if you are lucky earner in crypto then be more open in it but if you are not then you still need to have another work for another source of income.

I believe financial independence refers to the ability of a person to be self sufficient.  So my answer will be yes.  With proper knowledge and right information, a person can invest in a certain project and have a life-changing profit.  I known one person who was once financially dependent to his parents but now become financially independent and even give his elders money from the earnings he got by involving himself in in cryptocurrencies.

I would not doubt about it since a lot of people are becoming financially independent with the help of cryptocurrency. Although the risk of investment is high, but it will be a life-changing experience if you know how to manage its risks and you know how to deal its volatility wisely. But it will also ruin your finances if you invest without the real understanding on how the investment should be dealt.

We have seen a lot of successful people in the crypto world over the years, so I believe this is doable. I also have seen some of my colleagues go full-time in cryptocurrency and they are doing well. Of course, cryptocurrency is just a tool to be successful though. The hard work is done by the person himself. I think, in any field, without the dedication and hard work, it is hard to become financially independent. But if you do have it, it does not matter if it crypto or not, you can be successful.

Yes, you are correct. Financial independence typically refers to a state in which an individual has enough financial  resources to sustain his life-style without depending on external sources of financial assistance or being employed. Investing in a certain project can be a good idea to generate wealth and achieve financial freedom. It is great to hear that your acquaintance achieve financial independence by investing in crypto currencies, I am sure he carefully evaluated the risks associated with crypto currencies investment, and managed them effectively.

In my opinion, financial independence and financial freedom mean that we have a lot of money and don't need to worry too much about money problems to spend every day and have a full life. While bitcoin is an investment and its returns are considered the highest, there is nothing wrong with someone wanting to rely on bitcoin for financial independence. I am investing in bitcoin myself and want financial independence and freedom. I believe that by just working hard to accumulate bitcoins and hold until bitcoin increases in price as expected, we will achieve success.

Living without depending on someone financially is very difficult, so it's a great achievement when someone can do that. From the experience of people who have been in this space for a long time, I have heard a lot that they can be more independent with this cryptocurrency space, that is a sign that indeed when we are serious about doing something then something we hope for will come true. I am very happy when I hear that someone has been able to live a financially independent life because of cryptocurrencies.

I live in a country where cryptocurrencies are neither legal nor banned. It can be said that after the 2017 bull run produced a lot of billionaires only 20-30 years old, which is a crazy thing that many people do not believe. In 2021, my country's crypto participation rate was ranked as the top country with the most crypto participants. It can be said that cryptocurrencies can bring us financial independence but we need patience and a little luck.

It will all depend on the person, how much money he needs to achieve financial independence, someone needs a hundred thousand, and someone needs a million. I read yesterday about a trader who took advantage of a listing of a new token on binance and managed to earn one hundred thousand dollars in a few hours, he bought 200k worth of tokens and sold them when the price increased by 50% after the listing.

It turns out that a person has a lot of money, but he prefers to continue trading, everyone has a favorite thing. who want to do it. because even if you achieve financial independence, doing nothing will be very boring, but realizing that you are a free person is an invaluable feeling.

Bitcoin is a great tool on the way to your financial freedom. Even if you do not have any capital, there are many ways to earn money by following this flow. If you become an early investor of a project, it can be very profitable to return to you. If you had bought a few bitcoins 10 years ago, you would be completely free now. In the current conditions, as I said, it is still a great vehicle, you just have to be in it and provide experience.

When you check on how the topic is been addressed you have to know that it's going directly to the cryptocurrency financial freedom and mostly how cryptocurrency can make you to have a freedom. Corresponding it to business investment then you will understand the area the writer is pointing at. Bitcoin investment is an investment that is independable and investing for cryptocurrency will make you to have your own freedom without anyone come along or interfere into your business. I think it's were the writer is pointing at.

I think some smart people can do it- but if you are a new to crypto world then you should be careful.
There are scammer who will be stealing money all the time.

People who pioneered in this industry's already bagging in millions every day, miners could also fall in the same situation. The industry is very generous in making millionaires out of regular people and honestly, this is your easiest yet the riskiest venture towards earning your millions. So yeah, cryptocurrency, when done and used right, could easily bag you thousands of dollars in the process, maybe even millions if you are smart enough in dealing with your expenditures and savings as well as your investments, but that doesn't mean bitcoin and cryptocurrencies are all rainbows and butterflies. Huge risks are involved in investing in this industry and more than often, people who are none the wiser fall to the this old trap and find themselves losing money in the process, so proceed with caution as always and do your research for god's sake.

the need of the time is having more knowledge and having more ways to earn money.
crypto is an easy money - it comes easy and it goes easy.

I am not sure because, I have not gained financial independence through it. One of my friends did.
So I think crypto are for sharp minded people - not for an average people like myself

The aspect that i will agree that you can achieve a financial freedom from the cryptocurrency, is the aspect i have seen directly that in your cryptocurrency business or investment you don't have what that will bother except profit making, so it's only the profit making that will gives you more concerns so without lose and profit which is the problem with cryptocurrency, i think that with cryptocurrency you have a financial freedom when you know exactly what you are doing.

Regarding luck, I am someone who believes that luck will be obtained when one tries hard. I mean there will be no luck that comes when we just sit around doing nothing. So in this case it is their effort to invest in cryptocurrency, their business is a form of learning or sacrifice. Because when we invest in anything it is a sacrifice of what we have. Not infrequently people will think twice about investing because they have the money that they have will turn around quickly (profitably) when doing other things.

luck will also be obtained for those who dare to take risks. Crypto investment has a greater risk compared to other investments. But really to note, the investment made must use money that is not used for other needs.
those who are still hesitant to enter into crypto investment will certainly not have the opportunity to get bigger profits. It's risky, but you need to learn so you can minimize the risks that will occur.

Yes indeed, I've seen so many people who achieve financial freedom and I am hoping to be like them soon. They choose a very uncertain path years before and now they are reaping what they sow. Those people are now fully engaged in crypto they are graduate from university here but chooses to focus more on trading crypto and other things. They have their own time and they are the one who manages it. So yeah it is possible indeed.

A good example, but this is one side of the coin. And we must remember that in the speculative market, and the crypto market is purely speculative, the earnings of some are the losses of others! Yes, yes, there is no talk of any equality and fairness when there is income :)

And let's discuss - what are the people who have invested all their savings in bitcoin at 60,000 dollars experiencing now? Well ? True, even today they feel like LOSSERS. And there are many orders of magnitude more of these than those who "earned and became free." Once again - in such markets as the crypto market, namely purely speculative (because the "product" has no real value), "earnings and freedom" of some, these are losses and a burden of debt for others .. Always remember this!

There are many opportunities that have opened the door through cryptocurrencies. Companies that are paying in the form of crypto and companies related and have a service related to crypto as well. That's why it's a yes that someone can be independent through it because before it was like a limited opportunity that can be seen from here but then, as time moves, there have been numerous changes and growth within this space and it's noticeable because it keeps on growing.

The marketplace is a battlefield, money goes from weak hands to strong hands. Not only this market but all business and financial markets work like that, so there is no need to be sad or worried about us getting rich from other people's money. Just like you sell goods, you need to make a profit in your business, and when you sell at a higher price to others, it cannot be said that you take other people's money.
Those who lose because they are weaker than others, but if given the opportunity, they will also be willing to take that money from others, they will also never be tolerant and lenient.

Absolutely agree! Everything is as you wrote. But then again - there is a nuance :)

If we are talking about the market, business, etc. - everything is fine here, and you are absolutely right.

But the concept of cryptocurrencies has always been based not on squabbling for the market, the struggle "for a place in the sun", but, as many say, freedom, equality, and even such stupidity as "saving the economy" :) People do not understand that cryptocurrencies are just a tool , moreover, specific, and they MUCH do harm to themselves (financially), rather than get "freedom, equality, and salvation from financial problems."

Cryptocurrencies are not the only way to earn big profits or the only way to achieve financial freedom. There are many ways to achieve financial freedom that we have not found or they are not suitable for us. Do not forget that the billionaires they do not need Bitcoin still become billionaires. Any investment can help us achieve financial freedom, they are just a means, and whether we can achieve financial freedom or not completely dependent on us.

That's right, there are different ways to achieve financial independence, and it's good if we move in several directions to achieve our goals. Can this be achieved with cryptocurrencies alone? I think yes, there are many examples of this, it all depends on many factors, but most of the stories that brought great profits were about the hold, so we draw conclusions and buy bitcoin for the long term. :)

It would be a big mistake to invest using money that should be used for daily needs. I really don't recommend this, because as you said investing here is very risky and you have to use money that is specifically devoted to investing. We do have to take big risks when deciding to invest, but that doesn't mean we have to sacrifice money for our necessities of life. Instead of making us profitable, it will frustrate us when the market is not in good condition, because besides we will experience losses we will also be confused with the money we use because we have to replace it as soon as possible.

The same rules that apply to real life sowing and reaping seasons, as well as times where loss is counted, applies to everything cryptocurrency concerned, because, it is what you give your interest to, that grows. I have seen people who make a living trading cryptocurrency and some are married. I, at some point in my life had to rely on proceeds from the investment of my time and resources in cryptocurrency. It paid well.
Anyone who is looking for more freedom from a white or blue collar job so as to focus on dreams or studies can delve in based on the topic of interest in cryptocurrency. It could be trade, or services, or affiliated work. If it can be related to cryptocurrency and an investment can be done, anyone can sure achieve financial independence with the right knowledge and application of technic of crypto currency. A mentor is also adviced at an initial stage.

It is true that there are many avenues to achieve financial freedom apart from crypto currencies, but as it is a new and fast growing and developing industry that experiences technological advancement at an accelerated pace. As a result, the like-hood of achieving success in this industry is significantly higher than other fields.

Everyday in my locality crypto currency is one of the trends today I hear most people talking about crypto currency how it has make them achieved there financial freedom in life,buying different products here online with the BTC in there wallet where they do transaction without second or third party or monetary regulatory system like the central government, is in did a welcome development to the global world today I am trying my possible best to campaign more in my locality to create more awareness about this trend.

Although cryptos are digital, investing on them are still done in the real world. There is this saying that when you plant something, you can also harvest something. This is true and this was the concept of saving/investing. It's not always a good time but there are times where the market is in bad shape so our money might drop but there is still a chance for it to recover as long as we don't lose our hope. A married life is tough but it's impressive when someone can rely only using crypto.

I think these people are earning huge amounts already. It can be through trading cryptos if not from investing. It's not wrong to rely on it as long as you know that you can survive for a long time with the money/profits that you already have in your hands. Hiring a mentor is okay as long as you have an extra budget and you think learning on your own is hard.

Nothing is promised. However, it is possible because there is no reward without risk. Isn't it? To achieve financial independence, you have to be ready to put in the work and be patient and consistent. You have to know that, since Rome wasn't built in a day, it will take some time. Here are some practical ways to achieve financial independence, but they require a huge amount of risk:

1. Trading: You could learn crypto trading and, with time, trade cryptocurrencies.
2. Peer-to-peer exchange: In my country, where bitcoin is banned, we exchange our bitcoin for our local fiat through peer-to-peer trade. Some people I know make a decent income from it.
3. Crypto-YouTube Channel and Podcast/Write a Book: You achieve financial freedom by sharing your knowledge and ideas about bitcoin with the world through YouTube and podcasts. You could also write and sell a bitcoin book.
4 Bitcoin lending: Yes, it means what it says. You lend bitcoin and get an interest payment on repayment.
5. Bitcoin mining.

This alone allows for Bitcoin to provide financial freedom. It's hard to see anyone content with the current inflation rates for major currencies and to recognize the systematic reduction in purchasing power and incorporate crypto into your currency holdings is about the greatest independence you can gain.

I'm not knocking fiat itself. It's the controlling powers that operate at the big banks who manipulate the currency for their own gain. If fiat currency had physical backing, I wouldn't be so opposed to holding it.

Of course, that's not the world we live in.

Yes there's much chances of achieving financial freedom through Crypto but it's not always the case as we can't depend on it entirely, human wants grow by the day and these wants wouldn't be static waiting undemanding while you're waiting for a supposed long term crypto investment you're holding waiting for a bull to come forth and that's why I said we can't depend on crypto entirely for financial freedom it's more better of a freedom when we also diversify in our sources of income plus crypto.

Totally agree, there are thousands of ways to achieve financial freedom, but it will be very difficult to get rich with traditional jobs or traditional investments. But with bitcoin and cryptocurrencies where we can find investments that can give thousands of percent returns in a short time. It is clear that cryptocurrency is a better option than many others.

cryptocurrency trading is very beneficial but for it there is needed some amount of money because you can make money by using money. If a person have money so I will suggest that never use your whole money as investment because investment is not that thing which will surely help you in enhancement of profit but if you decide wisely and grip coin like Ethereum and bitcoin for at least three or four year so yes it's true that it will enhance your chances of earning.

nowadays There are not such jobs which can provide you huge money for the successful life so crypto trading will help you in this case. Individuals are getting cash through trading and investment in various coins but successful rate depends completely on selection of coins.

Sometime the market and the investor gives you wrong idea. I invested in Luna sometime ago and it was utter disaster
My friend suggested that we must invest all our saving in LUNA and that we did. We were hospitalize for a week after the loss.

I am sorry to hear about the negative experience you had with your investment in LUNA, which was one of the biggest disaster in crypto space that caused significant losses to millions of investors all over the world. It is important to remember that every investment is associated with certain degree of risk, and investment ideas coming from friends or investors can be intriguing, but You should make your own research, keeping in view your investment goals and financial circumstances before making investment decision.

In addition to investing on the advice of others, he made the equally fatal mistake of investing all of his savings in Luna. In that case, even if it is bitcoin, it is not advisable to invest with all the money we have. It is an expensive lesson for our greed, we need to know that greed never brings good results. When investing you should only invest with money that you are willing to lose and always be ready to take the risk if it occurs, otherwise you shouldn't invest at all.

You totally deserve it. I cannot sympathize with you because you invested with a greedy mindset. You didn't do your own research before investing, and you invested with all the money you had. That is really an insatiable greed and you will have to suffer the consequences for your greed.

I agree that it is quite tough to find a job that will give you enough money to live a very rich life, as a "job" you are employed by someone and that means you are going to make very little compared to executives and owners, and that is why you should be staying away from it as much as you possibly could.

If you have your own business, then it could be better than investment, instead of buying bitcoin, you could buy a machine that makes you even more profit, that is understandable. However, if you are a worker, then trading bitcoin on the side could give you that extra push that you need and it could definitely help you with what you are trying to achieve.

I want to remind you:
1. The crypto market is a purely speculative market.
2. In a speculative market - the earnings of some are the losses of others. And I’ll clarify - there are always orders of magnitude fewer “winners” than “losers”
3. In order to trade on the stock exchange, one must have knowledge, experience, a good understanding, and a "feel" for the ongoing changes in the market.

All this together will contradict your assumption that the crypto market is a great place to make money, for everyone. I will not even give statistics and historical indicators of cryptocurrencies. I know that very many have lost money on investments in cryptocurrency trading.

The only thing I can say is that yes, at the moment, you can earn a little and more or less guaranteed on "scalping", constant fluctuations in the rate. And that's not for everyone :)

Thanks for sharing your insights on this topic. It is true that crypto market is very volatile and speculative and past performance of any project is not indicative of future results. Many people have lost money in crypto trading in particular newcomers who jump in trading business without making their own research and simply follow the advice of their friends and social media influences. For successful trading, it is crucial to make your own research, learn reading technical charts and follow financial discipline.

Even 80 to 90% of the people lose in crypto so how can it be financial freedom? People who think that crypto is an easy money making machine, they are bound to lose money in this market. I must insist that this mind set must change as with crypto you will not get rich overnight.

Yes, bitcoin provides you financial freedom if you have proper knowledge about bitcoin and you know when to invest in bitcoin, how long to hold it, what amount to invest, and have control over your emotions. In that case, bitcoin can provide you with financial freedom.

Sometimes there are examples of how people many years ago bought bitcoin or, less often, another top cryptocurrency, and then became dollar millionaires. This was possible. But that was earlier, when bitcoin had a very small price. The higher the price of a cryptocurrency rises, the more difficult it has become to get rich. Of course, there will still be lucky ones, but they will become less and less.

Uh alone? Nah. I'll pass on that optimism. There might be humungous amount of profits that you can earn in crypto alone, but having an unstable or uncertain profit is not going to make me financially independent or even free. There is just no financial and mental cushion to keep me set that I would still be able to pay my bills in the next upcoming months.

People might suggest that I should do trading, but hell I would not redo that nightmare that happened to me back then.

Each of us does really have that bad experience and memories about trading and this is why i cant blame on someone who do have this kind of words or approach in relation to it because its not really that something

that anyone could handle and ending up on a disaster on losing up their funds or capital.So some people do end up on deciding on holding their coins instead because they cant just bare up with the risks involved.

Yes, its true that we do have monthly bills need to be paid and we cant just sit idle and doing nothing because there's no way that we could be able to sustain unless if you do
have that main work and crypto investment is just a side hassle.So it does depend on how you do deal with it.

(I have not seen one in person.) I learn that there are some crypto experts who analyze the market to find out which cryptos to buy and when they should buy them. Most of these experts also invest in some altcoins and take profits in short intervals, but sometimes they also lose money in the trade. Also, some people are future traders, and some are DCAing bitcoin, but all of this depends on the capital invested in the crypto and the level of knowledge you have about crypto, for it's impossible to gain financial freedom in crypto when one doesn't have a good professional discipline about it. In future trade, one can invest $2,000 and, based on the market swings and how good one is at noting the swing, it is possible to be earning $100 per, less or more, and if accumulated, it's a good sum in a month.

This is all dependent on each user because those who can make good use of the crypto world they can definitely change their financial income perfectly, but from the government side must also have full support for crypto users because we as users will definitely be more comfortable if there is protection from the government about the use of crypto in our respective countries, if this problem has been completely resolved then financial freedom will definitely be easy  Manifest.

The government can only make certain laws to protect crypto users within their country, while the crypto assets themselves cannot be managed by the government because it is not the same as managing money in a country. So because of that, now there are still obstacles in many countries that have not made special rules or special regulations for crypto users, except for countries that have fully adopted crypto and also legalized it as a means of payment within their country as an additional option besides fiat money.

And for financial freedom itself I think it also depends on each individual in making money, because financial freedom will not be realized even though the government has supported and protected crypto users if every citizen does not work according to their respective abilities and skills. So try to work as hard as possible to get financial freedom for yourself and that of course must be done by everyone in this world.

When your investment generates huge returns, but it is not stable, then it is true that you cannot call it financial independence or freedom. But thanks to that profit, you can do business, from which you can also have passive income. It's called cryptocurrency which gives you indirect financial independence.

Just because you are not successful in trading does not mean that others have failed like you. I have met many people who treat trading as a daily business, and they remain very well, even wealthy.

Absolutely, one can achieve financial independence through cryptocurrency directly or indirectly. One way to indirectly achieve financial independence through cryptocurrency is through the sales of courses on Bitcoin.

For instance, as a professor or teacher of economics, you can create a series of paid courses online explaining the nexus between Bitcoin and economy. The course may be a $10 course. Payment could be through Bitcoin or any other cryptocurrency. Assuming 10 students pay for the course, you would have made $100.
Another indirect approach is through writing cryptocurrency books and honorarium from speaking engagements just like Andreas Antonopoulos.

This will be an additional income which will lead to financial freedom or independence. In addition, if you must expect a financial independence in bitcoin, then it must not be your only source of income because if it is your only source of income, you might end up loosing everything you have invested.

Cryptocurrencies have been proven to make many people become millionaires, even according to reports state that 100 rich people in the world there are about 10 rich people from cryptocurrencies, if we want to get a large income from cryptocurrencies then the easiest thing is to make projects such as defi, exchanges, or service providers wallet.

I believe yes, maybe some of us haven't gotten to that point of financial freedom but some people were lucky enough to attain that position. Crypto have made many people millionaires and will continue to do so.
I personally have gained alot with crypto even though am not in the financial freedom level yet but it has boost my financial status a lot more than what it us to be. So am here for the long run and I know I will achieve it.

these days young kids are way too smarter than us. I met an 8 grader who said that he has been investing in crypto and buying currency online
All the money he gets as a pocket money - he invest in crypto. So imagine how will he be doing when he is a graduate.  Those who are smart in dealing with crypto. They can surely achieve financial freedom through crypto.

Well I am kinda one of those people, not because I cannot bare up the risk involved in other means like day trading but because it is just not the best strategy that works out for me. Earning through trading is not meant for everyone. It might be doable, but some would be better off in just investing and holding it instead to topper coins instead.

Yeah that's the really great way to leverage your earnings into something that you could truly be financially independent. There is just no stability in crypto if that is just your sole source of income. It is a good sideline, but it is not something that should replace your main work just because it yields greater profits.
It is just the same experience for me in not quitting my full-time job even though I have high paying contractual works at Upwork as a freelancer.

For sure. But crypto is not a source of production. It is a mean of redistribution. If you get rich through crypto it means someone gets poor or most likely less rich.

I hope that investment knowledge for students should have guidance from traders or people who are experienced in crypto, they should suggest only investing as from their pocket money so not all the money they have, if they don't understand the cycle of crypto price movements then they will be easily influenced watching crypto prices decline and rushing to cut losses without seeing a potential recovery in the next move. If they make plans to achieve financial freedom in crypto then they are only allocating a portion of funds for the long term and already have some knowledge in crypto.

The idea is quite clear and very interesting. To the addition of that, cryptocurrency is somehow theoretically speaking a bridge that can bring you to the idea of having a business or income generating that passively can give not quite financial freedom but financially stable and can also your way of paying you own bills. having the enough and successful idea of cryptocurrency can also be one of the advantage of making money out of nothing but a pure hard work and idea. And in my own opinions, a lot of people takes the advantage of earning and making profits out of cryptocurrency like those games and things that can give you earnings this past early pandemic. In general, crypto can give you a lot of opportunities if you have enough idea.

Cryptocurrencies are becoming a popular asset today, more and more millionaires in the world are investing in cryptocurrencies, this opens up opportunities for us to be part of a rapidly growing community and of course get a lot of profit, many people have proven they can be successful from cryptocurrencies, if you are still in doubt then the best thing is to leave because it will be difficult to invest in high risk types of investments.

My answer to this question is a fat YES. I know of many who have made tons of millions and stayed independent in handling finances. The world is revolving and Crypto as we know it is the future of payment solutions.

Oh ho ho! Can you believe it? The ancient, age-old question that has plagued humankind for centuries: is it possible to achieve financial freedom through the power of cryptocurrency? Now, after doing my fair share of research, which involved a little light reading and a scroll or two through the vast abyss that is Twitter, I can say with absolute certainty that the answer to that question is... drumroll, please... a resounding "maybe?"

There's money to be made in the world of cryptocurrency, indeed. But it's no walk in the park. If you're willing to put in the work, though, there are opportunities out there for you. And damn. Maybe you'll find yourself writing books and creating courses about it. I mean, just think of all the cool titles you could come up with! "Bitcoin for Dummies" and "Crypto 101: From N00b to Pro". The possibilities are endless!

Yes of course, we can achieve financial freedom with almost any asset, as long as we buy at the right time and buy enough of it. The real question is how likely is it going to be that we reach our goal. Crypto currencies made huge profits in the past and are well established now. It's a bit unrealistic to expect to make huge gains by only holding bitcoins these days. If you are looking for life changing returns you would need to go into the alt coin market. But the higher our potential returns the higher is also  our risk of losing money. The best would be to spread our money out across multiple projects and hope for the best. To achieve financial freedom we would also need to keep buying more coins with our savings. Financial independence is not something we will reach overnight, it's a long way and we need to work hard for it.

And they are investing because they understand the cycle. Unlike the people that still doubts it, they're missing the whole point that's being shown in the market about opportunities of buying while it's not yet at the top. But the difference is that these millionaires and wealthy people that you've mentioned, they're already financially free and rich so their situation won't change that much but we're all the same that will make profit eventually in the profit once we're back again in the bull run. And another difference is that they've got much higher pool of budget and capital than us.

Grade 8 students are usually at what level of school? Because I have never heard that in my environment there are students up to grade 8 even though you say they are quite smart because they can already invest in crypto and buy crypto currency. And have you ever asked him about the risks of investing and also trading in crypto? If he is able to explain the level of risk he is facing, it means that he is very prepared for any risk because he understands it very well.

And the question here is that @Theones didn't tell about who taught the kid about crypto space, because I'm also not sure that the student he mentioned could be smart on his own without someone teaching him first. In addition, the discussion about how to work in the crypto space is also not discussed in school lessons because it is not included in the compulsory curriculum at school, so it is also necessary to ask the child about where he learned to invest and also buy currency in the crypto space.

This is true, bitcoin is the safest investment in the market, but to expect financial freedom when investing in bitcoin is very difficult unless we get a huge initial capital. Because bitcoin has gotten bigger and bitcoin returns are getting smaller and smaller compared to altcoins.

If one has limited capital and wants to seek financial independence from this market, then one needs to invest in altcoins. And as you mentioned, the higher the return, the higher the risk, so we need to accept the risk before investing in altcoins.

Once we talk about the economy of today, we cannot complete the oversight without diving into the current digital economy of cryptocurrencies, we all know it's what has been on the run this era whereby everyone is looking for a means to earn a living through it or possibly make income from its investment while some prefers it as their most valuable asset, if we consider the numbers of them, we can deduce that there are many fake things as well in crypto today except for few that are legitimate like bitcoin and some other few, but the kind of crypto chosen determines the fate of what you get at the end, considering the coin is good or otherwise if it's a shitcoin project.

Of course we can achieve financial independence through crypto currency, it has been proven that cryptocurrencies make new people rich, maybe the most popular is the owner of Binance who is now in the top 100 richest people in the world, but I suggest using the profits from cryptocurrencies for real businesses such as property, plantations or something else so that when cryptocurrencies drop then we can rely on others.

financial freedom : the term has different meaning for different people. Your geography, your education, family background and your lifestyle it all contributes towards how you approach and achieve it.

Cryptocurrency can pave the way to achieving your dreams , by utilising the appropriate means available and making the right decision on the right time.

That is correct to some extent in west people earn for the whole week and spend their pay on the weekend.
on the other hand - people in our area - gets the monthly salary and they do the monthly grocery and keep saving for their kids :) who are not yet born

Financial freedom allows someone to live a life without being worried about money now if the main purpose is to become financial freedom, you need a plan, in which asset you have to invest, How much you have to invest, and in which way you can save money. I must say that the one who has a lot of money and needs no job for living because he/she filled their bags with money is financial freedom, No I must say this has another aspect too. which is the satisfaction of not consuming, not wishing more and more just living life by following simple rules well. (i know maybe some of the members will not agree on this but it's just my thoughts.)

Now If we really want to know that crypto provides us the chance to become Financial freedom then we should take the example of people who have bags filled with BTC. like Michael Slayer (https://cointelegraph.com/news/michael-saylor-can-t-stop-microstrategy-now-holds-130-000-bitcoin) etc. well they have enough money to live a life of Financial freedom. But I don't think they are living a life of kings because they just want to grow or want to contribute to society so I must say earning money that enough by finding a great source of income and not helping the needy ones or contributing to the community is not fair and right (my personal thoughts).

Overall, yes if you want to live a life of tension-free financial life then you can use bitcoin or blockchain-based projects as investment opportunities whenever you found an opportunity. This will definitely provide you with Financial Freedom

Cryptocurrency price movements do move so fast that it allows everything to happen, whether it's profit or loss, but if you look at the percentages in trading, there are lots of advantages that can be obtained so that it keeps finances sufficiently maintained for a long time, but that doesn't mean that people will achieve financial results. who are free because of uncertain income.
and being able to earn Crypto is not only from trading but there are many other avenues, if we focus I think one will be able to achieve sufficient financial independence without having to look in real life.

Regardless of the regulations and risks that you mentioned, that's true, but so far if we can maintain personal confidentiality properly, I think it will still be fine from theft and fraud.

It is not bad to spend their pay on weekend for some sort of celebration but the bad side is that if you go broke after spending it but it is also not good if you keep spending it every week and not saving as for sure you've got a problem. Also, those people that are really saving a lot for the future are really amazing people as I cant even save myself when I was still a teenager, I only want to party and didn't worry about my future. For sure those kinds of people would have a nice marriage as they already have savings about it.

In my opinion Yes, one can achieve financial independence through crypto currency. Crypto currencies have become increasingly popular in recent years due to their decentralized nature, global reach, and ability to provide a hedge against inflation and currency devaluation. Additionally, crypto currencies provide users with the opportunity to take control of their own financial futures and avoid traditional banking and financial institutions

Furthermore, users can also participate in governance voting and staking, examine blockchain transactions using a block explorer, run nodes or mine transactions to help secure the network, and even receive free coins or tokens through airdrops. All of these factors make crypto currency an attractive option for those looking to achieve financial freedom.

And here I ask a question. Supporters of the idea that cryptocurrency will save the financial situation, the economy, the world....

There is another thread on the forum here
Re: The cost of living is trying to kill the living" https://bitcointalk.org/index.php?topic=5443800.new#new
There are the same participants in the crypto world as here. And it turns out that being participants in the crypto world, they have a lot of problems and being "kripons" they continue to experience financial troubles, problems and other negative things. It turns out - or the cryptocurrency does not solve problems systematically and for everyone, and is only one of the methods to earn money, but only for those who are lucky? Well, or there in the subject, some losers!?
How do you explain it?

Yes, you can achieve financial independence through crypto currency. However, it is not easy. You should have some technical knowledge of cryptocurrencies before starting a portfolio. Also, you need to research on the best coins and tokens in your area (i.e., what are the best promising projects).

There is no doubt about it that crypto is future that is why people are getting crazy for the crypto
And if you want to have some side earning then crypto is the right choice and can help you have some extra money in hand. Which can help you with rental and other expenses.

To be honest, for the common people, we have to know what financial freedom really is so that we have a clear orientation about financial freedom.
I myself really believe that with crypto currency we can have that financial freedom but yes it is not as easy as we imagine and pay attention to, there is some research that must be considered in choosing our crypto currency in investing and trading currency crypto. Being able to generate income from crypto currency is a great success and everyone's hope and avoiding crazy bank interest and inflation that always grows every year is a peace for those of us who want the value of the money we have to be maintained from the exchange rate.
I myself am still in an effort to improve my skills in this field of industry even though I am still below the ability and knowledge of crypto but I already have income which I can say is sufficient for my current needs.

Everyone's financial freedom is different, because the level of human needs is different too. for me financial freedom can happen where we have financial resources that can guarantee our needs as long as we live, and can pass it on to our descendants so that they can live without financial deficiencies. so there are no life problems about finances to make ends meet. therefore many people invest in various fields, so that they get profits later and are not eroded by this

You can't achieve financial freedom just by using cryptocurrency, you need to come up with a product of your own, then you can be paid in cryptocurrency, a man of service will never go broke because there will be demand for such people, so if you want to be financial independence with crypto you need to offer something in return.

1. Use your money (hard-earned cash) to invest in crypto.
2. Render a service, (builders for example) that developers will need and you get paid in crypto.
3. Engage in crypto activities where you could be paid.
4. Learn crypto trading.

if your goal is financial freedom, then whatever type of money, or investment you use, you can achieve this. what makes the difference is your strategy. I think, there have been very many people who have achieved financial freedom by utilizing cryptocurrencies. I've seen several videos on YouTube asking about people's jobs, and people who have luxury goods sometimes have a focus on the field of cryptocurreny. I concluded that they could afford these luxuries, so I thought financial freedom was in their sights. however, cryptocurrencies can be used to achieve financial freedom.

After all, financial freedom means that we have plenty of money and use it freely, and investing in crypto can give us great returns, so it can be said that we can completely achieve financial freedom through investing in crypto.
You are right, not just bitcoin or altcoin, any investment, as long as they are profitable, can help us achieve financial freedom. Whether we achieve our goals or not is up to us, not them, which means we need knowledge and investment plans to achieve our goals. Not just spending money to buy bitcoin will automatically become rich.

Definately yes, but it all depends on your planning, your mindset about cryptocurrency investment and you aproach.
When you approach cryptocurrency with the intention that you want to make a very quick money without understanding the strategies involved you will not achieve you aim.
But if you apply discipline and understand that cryptocurrency is a progressive investment, you will achieve financial freedem through cryptocurrency investment.

You can achieve financial freedom by being very rich and having businesses. Crypto currencies can't help you to achieve financial independence because you don't control the price of coin, you don't control the transaction fees. Yes, you can totally control your wallet but if the price of your coin can become 0 by Elon's tweets or by some other circumstances, then it doesn't mean financial independence.

Financial independence is only achievable by becoming a rich person. If you have millions of dollars, you are financially independent, you are capable to do what others can't do, you aren't limited.

There have been many successful people and become new rich people from bitcoin, the fantastic price increase since 2010 has made many people make bitcoin as an asset or a way to achieve financial freedom, for those of us who are just starting out, of course, we have to be brave to sell our assets to buy bitcoin, no problem the current price is around $27k if we can buy 10 btc and hold it long term then we have the chance to become millionaires with only 10 btc.

There is a chance that you can achieve financial freedom. Any investment can bring you to that point. But, it is not easy as it said. Pratically you need to be smart, patiance and aware to any condition. Especially on cryptocurrency the market is volatile you must extra careful with your investment.

Yes, I think you can be financially independent through cryptocurrencies but do not expect it to happen in just a blink of an eye. You must consider that investing in this wont always guarantee a profit. But, if you approach it with a right and planned approach, if you assess the economy and the prices, you might get the results that you want. It would never be easy to achieve it since being financially independent requires you to have a steady cash flow in which you can use the money in anything you want. This may take time, but for me, it is achievable, just be adaptive to the changes in the economy.

You should really be careful for whatever investment decisions you would be taking on which we do know that its not recommendable for you to become that desperate and making investment like a mad man or

simply without having those solid considerations on how you would do such things.We've seen some people who do make out that financial independence thought crypto but we dont know on whats actually behind those stories which is something that cant really be achieved so easily.Some do just simply hold their assets for long time and some do been making wise moves and decisions towards their
investment and ended up on getting positive results.

I still dont think its the currency itself which provides the opportunity, its a conduit not the total destination.  You will still need a good idea and a business that benefits from the BTC revenue, once you have something to build then possibly crypto and its presence in the online world is a good thing that helps a person or business gain more then they would otherwise.   Still I expect alot of failure from any startup within this sector, I dont think its easy going.

People thinks that having some huge gains time after time from your bitcoin holding making you reached the financial freedom already , it's hard to accept that very few people who can hold bitcoin for long time enough , mostly when they see the great gain like 100% or so they would cash them out.

And those people who gained 100000% might be the one considered that achieved the financial freedom instantly without having to build their own business empire , enough to feed themselves for century.

You are correct that it's not going to be so easy to achieve financial independence through crypto currencies, it will need creating workable plan, setting achievable goals and executing them regularly. One possible approach could be, consistent investment in Bitcoin during significant dips by using dollar cost average (DCA), waiting for the return of bull market and eventually selling at your target price. By doing so, one could potentially maximize profit and work towards achieving financial independence.

I believe so but the most important thing that should be taken into consideration when we talk about financial freedom through crypto currencies is knowledge. This is the most vital thing if anyone wants to achieve financial freedom through crypto. While some people are already sharing knowledge about this industry, I believe we still need more expert mentors that would offer services as much as how this industry needs more people willing to be open minded and learn about new things.

Also, I believe that there are tons of great opportunities nowadays for freelancers since there are also some jobs out there online that do pay in crypto. Although most of the time it is tech related, there are also some jobs that does not require excessive knowledge about the techy stuff, some basic knowledge or at least a few know-hows would be enough, one just has to have the drive.

I think you can but not as easy and fast as you want, because everything requires a process.
I know a few people who make a living from trading but don't talk to them very often.
I don't know how they faced the market yesterday but I'm sure they can survive.

I also doubt that because they need money to spend every month and if there is no income this month can they continue to work actively.
but for traders who can earn like 5000$ and above once trade I think they can live off of it.

While the popularity of crypto currencies has indeed been on the rise in recent years, it is important to remember that they are a highly volatile and speculative asset class that carries significant risk. While it is possible to achieve financial freedom through investing in crypto currencies, it is not a guaranteed or easy path. It requires a deep understanding of the market, careful risk management, and a long-term investment strategy.

Furthermore, while the decentralization and global nature of crypto currencies offer some advantages, they also present challenges and potential regulatory risks. It is important for investors to educate themselves thoroughly and seek professional advice before investing in crypto currencies.

In summary, crypto currencies can be an attractive option for those seeking financial freedom, but they are not a one-size-fits-all solution and come with significant risks that must be carefully evaluated.

It should be noted that we live in a physical world with governments, control departments, tax authorities, and other government agencies. Cryptocurrencies are just one way to make money at the lowest cost of living in this physical world, but not a way to be independent. Society is the coexistence of interdependent people

I think cryptocurrencies can give a very large profit, I've also felt when a few years ago I got bitcoin from faucets, giveaway and others and I used for cloud mining and I saved and there was a fantastic price increase in 2017 made me get a profit that hasn't I once thought of, of course, to get financial freedom we cannot rely on Bitcoin, do real business to get financial freedom.

If you're being careful enough with cryptocurrency, then you can make more money from it without having much losses greater than your profits, you have to be careful with the cryptocurrency you're choosing or starting with, from past events, we've seen some turning a scam because their project finally failed and if such occur, then every investors looses their asset with them as well, that's why you need to go being decentralized when dealing with crypto and the best way us to start with bitcoin using a decentralized wallet.

As long as we enter crypto with a lot of consideration and are careful in placing our investments only in crypto projects that really have stronger fundamentals. like bitcoin and ETH then if it is done slowly or not in a hurry and not with the aim of getting a quick profit. so if we continue to accumulate it consistently with the money we set aside and we save it for the long term like 5-10 years from now or more then I think it can give us maximum benefits and can pave the way for achieving financial freedom in the future. as early bitcoin holders must have attested by this time. i.e. those who have been holding bitcoins since 2009 or 2010 until now surely their lives have changed by this time.

It's just an advantage that you get and may not be obtained by other people at the same time. So it also can't always be used as a specific or general reference because it only involves yourself at that time, even though what you said is very logical because indeed in 2017 the increase in the price of Bitcoin was extraordinary and it can be said that at that time Bitcoin immediately printed the ATH.

But after that year, you must also know how Bitcoin experienced a very severe decline in the market so that not a few people also experienced losses so that some people started not believing in Bitcoin anymore in 2018. But what I salute are those who remain steadfast and believe to Bitcoin in the year of the Bitcoin decline so that they finally won with even more extraordinary profits in 2021 where Bitcoin returned to print new ATH again.

For early investors, this has been a very good investment, but for those who are starting to invest now, there may not be such a big increase. But this does not mean that you do not need to buy, since bitcoin is still one of the most attractive investments. As many people like to say, this is digital gold, so this investment will bring profit, but no one knows what the profit will be.

everyone has a different experience, whether it's how to get Bitcoin or managing the money that has been earned, when the price of Bitcoin falls, not a few people panic, and many of them even leave Crypto and say that it won't recover, but in fact, in 2021, everyone surprised when Bitcoin hit its latest ATH again.

I experienced the same thing in 2017, I got a lot of income from Bounty and Airdrop but there were some mistakes that I made to my financial management so I couldn't achieve financial independence, actually if I manage it well of course only from Crypto income freedom or We can get financial independence.

I think the use of cryptocurrency to achieve financial freedom is very realizable. many people have proven that. it's just that their way to achieve financial freedom by leveraging crypto is to build other businesses. well, by taking advantage of investments from crypto, they can sometimes make a lot of money. so, with that, they can build other businesses that can make them make a lot of money. it's like multiplying money in crypto, then making new investments to achieve financial freedom.

In my opinion, yes, we can achieve our goal of financial freedom with crypto, but if you think you can get rich quick with crypto, I don't think so, there must be a risk in investment, but if we withdraw bitcoin from the start, bitcoin appears to have risen significantly to the top, many people like cryptocurrency because  a lot of crypto is not controlled by local governments or banks that's the reason I chose cryptocurrency I see a bright future for cryptocurrencies for example bitcoin can protect us with its name inflation.