Does Digital Currency can Activate Someone's Financial Freedom?

[nankers]

I personally think that the traditional banking system often fails to meet the needs of the people of a country if the country's government experiences a period of political, economic and cultural instability. But this in my opinion does not apply to cryptocurrency. The cryptocurrency and blockchain ecosystem can continue to develop during this period. People can not only depend on these assets for daily payments, but also use them to produce more wealth. Some things from my opinion which in my opinion are financial freedom from cryptocurrency

1. Buy and Hold
buying cryptocurrency in small or large quantities and holding it for several months is a form of financial freedom from cryptocurrency. Unlike a bank account, creating a new cryptocurrency wallet is very easy for anyone who has access to a smartphone or computer connected to the Internet, you can install and access the wallet in just a few minutes.
2. Daily trading
Cryptocurrency is traded on an exchange, whose function is similar to that found in global equity markets. If you have expertise for technical or fundamental analysis and believe that your skills are suitable for the cryptocurrency market, trading can be very profitable. However, daily trading can be a risky endeavor, given that some tokens can experience short periods of high volatility at any time.
3. Mining
Mining refers to the process of using computing power to verify transactions and create new cryptocurrency units. While some cryptocurrency like Bitcoin cannot be mined using consumer level hardware, it is different from others like Ethereum and Zcash. Although mining can be very profitable, a large amount of investment is indeed needed at the beginning in the form of hardware. But if you pay attention, mining can be profitable and can generate income passively

Based on that, I think that we as holders and users of cryptocurrency have financial freedom over all the money we have. Although the above is not a complete list of how someone can achieve financial independence with cryptocurrency, the above is in my opinion a good starting point for someone new to the world of cryptocurrency. Do you agree with my opinion? Or you want to add some important points to this?

[1715169581]

1715169581

[bitmover]

This is delusional.
You won't achieve financial freedom by trading mining or buying and holding. Unless if you already have  a LOT of money and you are willing to risk all that money in those risky activities.

Bitcoin won't increase its price by 10.000% again. Ok, it may happen, but are you willing to take the risky?

Let's suppose you need 1 million dollars to achieve your financial freedom.

So if you invest 100k USD in btc (10 BTC), and if the price goes to 100.000 USD per BTC, you have achieved your goal.

But do you have all that money? Are you willing to do all in strategy? It isn't worth, because the price may go down as well

[gantez]

Op, the way you put your post is not really the fact, it is not a guarantee that digital currency would get someone into being financially independent. It is possible though but not in all cases because you can also lose everything if you invest in a shit coin.

[lobat999]

This is delusional.
You won't achieve financial freedom by trading mining or buying and holding. Unless if you already have  a LOT of money and you are willing to risk all that money in those risky activities.

Bitcoin won't increase its price by 10.000% again. Ok, it may happen, but are you willing to take the risky?

Let's suppose you need 1 million dollars to achieve your financial freedom.

So if you invest 100k USD in btc (10 BTC), and if the price goes to 100.000 USD per BTC, you have achieved your goal.

But do you have all that money? Are you willing to do all in strategy? It isn't worth, because the price may go down as well

OP's aspirations are not impossible as we've witnessed some people did in fact achieved financial freedom by doing those things. Also, financial freedom and the feeling or its achievement is not the same for everyone since its highly subjective. Some don't even have to be required to invest a huge amount of money just to attain it. Imho.

[dothebeats]

Even if you are successful in those 3 ventures, I still not think that you would be able to attain financial freedom just by having bitcoin. Perhaps if you're one of the early adopters, that is possible, but if you're just new to the game and just starting you're luck out, chances are you might see yourself getting burned in the process before jumping back up again. Bitcoin is not meant to be your way to riches unless of course you're extremely lucky on the price swings.

[avikz]

OP's aspirations are not impossible as we've witnessed some people did in fact achieved financial freedom by doing those things. Also, financial freedom and the feeling or its achievement is not the same for everyone since its highly subjective. Some don't even have to be required to invest a huge amount of money just to attain it. Imho.

It's not impossible but it's not guaranteed as well. Financial succes always depends on an individual and his/her mindset. Bitcoin mining, trading are just mere tools to achieve financial success.

There are 5 psychological quotients to achieve financial success according to the spiritual leader I follow,

1. Do it right
2. Do it in time
3. Do hold yourself accountable
4. Do self analysis
5. Do learn from mistakes

Each of these have detailed explanations. But bitcoin and other cryptos are just mere tools to achieve succes. It works for some people who started early. It devastated a lot of people who started late. So nothing will ensure a sure shot success unless and until you have the right mindset.

[shield132]

I personally think that the traditional banking system often fails to meet the needs of the people of a country if the country's government experiences a period of political, economic and cultural instability. But this in my opinion does not apply to cryptocurrency. The cryptocurrency and blockchain ecosystem can continue to develop during this period. People can not only depend on these assets for daily payments, but also use them to produce more wealth. Some things from my opinion which in my opinion are financial freedom from cryptocurrency

1. Buy and Hold
buying cryptocurrency in small or large quantities and holding it for several months is a form of financial freedom from cryptocurrency. Unlike a bank account, creating a new cryptocurrency wallet is very easy for anyone who has access to a smartphone or computer connected to the Internet, you can install and access the wallet in just a few minutes.
2. Daily trading
Cryptocurrency is traded on an exchange, whose function is similar to that found in global equity markets. If you have expertise for technical or fundamental analysis and believe that your skills are suitable for the cryptocurrency market, trading can be very profitable. However, daily trading can be a risky endeavor, given that some tokens can experience short periods of high volatility at any time.
3. Mining
Mining refers to the process of using computing power to verify transactions and create new cryptocurrency units. While some cryptocurrency like Bitcoin cannot be mined using consumer level hardware, it is different from others like Ethereum and Zcash. Although mining can be very profitable, a large amount of investment is indeed needed at the beginning in the form of hardware. But if you pay attention, mining can be profitable and can generate income passively

Based on that, I think that we as holders and users of cryptocurrency have financial freedom over all the money we have. Although the above is not a complete list of how someone can achieve financial independence with cryptocurrency, the above is in my opinion a good starting point for someone new to the world of cryptocurrency. Do you agree with my opinion? Or you want to add some important points to this?

Banks don't care much to meet then needs of people, usually happens that people meet then need of banks massive wish of profit.
Political and economic instability affects everything, especially business. Who will plan to start serious business in very unstable country? Where people don't have money to buy/use your product/service, where it's not safe to live and etc? This in overall affects our wealth.
Creating of bank account is very, very easy and quick too. Also to buy bitcoin, you need to deposit money on exchange.
What do you think, won't political instability affect bitcoin's price negatively? Or economic crisis? When people care about how to get money to survive, how can bitcoin rise?
Bitcoin mining is commercial thing now, sad fact.

[TheUltraElite]

The title of this thread and the content does not match.  

OP seems to be having some confusion between what trading is and what financial freedom means. The second one basically means that you are free to the burden of government snooping on your cash - although bitcoin has been popularized by this statement, it is not exactly accurate. Anybody could investigate your transactions and lead you to a court case if you are caught laundering money.

Trading, investing are secondary "uses" of bitcoin, mining is not though. You are free to use it anyway you want - but again you are restricted because exchanges are scrutinized and often limit your max volume. Secondly investing has its own problems of forced KYC after token issue, failure to gain enough price to break even and so on.

[Upgate]

Digital currency can liberate anyone from financial threshold in the same manner if the person is ignorant of the disadvantages of it then the person can end up losing the one they can into digital currency with

[nankers]

This is delusional.
You won't achieve financial freedom by trading mining or buying and holding. Unless if you already have  a LOT of money and you are willing to risk all that money in those risky activities.

Bitcoin won't increase its price by 10.000% again. Ok, it may happen, but are you willing to take the risky?

Let's suppose you need 1 million dollars to achieve your financial freedom.

So if you invest 100k USD in btc (10 BTC), and if the price goes to 100.000 USD per BTC, you have achieved your goal.

But do you have all that money? Are you willing to do all in strategy? It isn't worth, because the price may go down as well

I think you do not understand what I mean. what I mean from financial freedom here is freedom in managing our own finances. For more easily understand it, I demonstrated like this, the government of a country has the right to withdraw the circulation of fiat money in that country if something is deemed necessary to do. This does not apply to cryptocurrency, right !!! say if the government of a country prohibits cryptocurrency, but in reality the government cannot stop all cryptocurrency transactions in that country. Cryptocurrency holders and user in the country can still do all kinds of transactions with the cryptocurrency they have. This is what I mean by financial freedom, not same like you say.

[bitart]

This is delusional.
You won't achieve financial freedom by trading mining or buying and holding. Unless if you already have  a LOT of money and you are willing to risk all that money in those risky activities.

Bitcoin won't increase its price by 10.000% again. Ok, it may happen, but are you willing to take the risky?

Let's suppose you need 1 million dollars to achieve your financial freedom.

So if you invest 100k USD in btc (10 BTC), and if the price goes to 100.000 USD per BTC, you have achieved your goal.

But do you have all that money? Are you willing to do all in strategy? It isn't worth, because the price may go down as well

It's the part of the financial freedom that you're free to fail with the investments
Everyone is free to risk anything, even to risk his/her lifetime savings, if he/she don't care...
Of course, there's a chance that this could end up with success but usually it won't...
The idea of the OP is more like lottery than a well-prepared investment plan, how to achieve financial freedom with cryptos...
When it's about greed, FOMO, etc., people usually don't think about the risks, until it's too late, unfortunately...

[salty]

You know I acquired financial freedom 2 times.1 time when bitcoin has risen strongly in price and the second time when mining became very attractive.But in General, cryptocurrency can provide financial freedom to absolutely everyone and in completely different ways.

[Duzter]

Financial freedom in my view, when an user gets the ability to spend unlike his earning can be termed financially freedom. In simple terms an user who has got surplus of earning beyond his needs is financially free. In terms of features bitcoin provides we can term bitcoin provides users the freedom, but it isn't the financial freedom.

[rodel caling]

This is delusional.
You won't achieve financial freedom by trading mining or buying and holding. Unless if you already have  a LOT of money and you are willing to risk all that money in those risky activities.

Bitcoin won't increase its price by 10.000% again. Ok, it may happen, but are you willing to take the risky?

Let's suppose you need 1 million dollars to achieve your financial freedom.

So if you invest 100k USD in btc (10 BTC), and if the price goes to 100.000 USD per BTC, you have achieved your goal.

But do you have all that money? Are you willing to do all in strategy? It isn't worth, because the price may go down as well

OP's aspirations are not impossible as we've witnessed some people did in fact achieved financial freedom by doing those things. Also, financial freedom and the feeling or its achievement is not the same for everyone since its highly subjective. Some don't even have to be required to invest a huge amount of money just to attain it. Imho.

Yeah correct He have positive expectations about crypto crypto as financial freedom, and yes one of the proof is the young boy student investing in bitcoin and now he is a millionaire because he believes the positive think about crypto give chnace possible better lives.

[DaWidyaaa]

I personally think that the traditional banking system often fails to meet the needs of the people of a country if the country's government experiences a period of political, economic and cultural instability. But this in my opinion does not apply to cryptocurrency. The cryptocurrency and blockchain ecosystem can continue to develop during this period. People can not only depend on these assets for daily payments, but also use them to produce more wealth. Some things from my opinion which in my opinion are financial freedom from cryptocurrency

1. Buy and Hold
buying cryptocurrency in small or large quantities and holding it for several months is a form of financial freedom from cryptocurrency. Unlike a bank account, creating a new cryptocurrency wallet is very easy for anyone who has access to a smartphone or computer connected to the Internet, you can install and access the wallet in just a few minutes.
2. Daily trading
Cryptocurrency is traded on an exchange, whose function is similar to that found in global equity markets. If you have expertise for technical or fundamental analysis and believe that your skills are suitable for the cryptocurrency market, trading can be very profitable. However, daily trading can be a risky endeavor, given that some tokens can experience short periods of high volatility at any time.
3. Mining
Mining refers to the process of using computing power to verify transactions and create new cryptocurrency units. While some cryptocurrency like Bitcoin cannot be mined using consumer level hardware, it is different from others like Ethereum and Zcash. Although mining can be very profitable, a large amount of investment is indeed needed at the beginning in the form of hardware. But if you pay attention, mining can be profitable and can generate income passively

Based on that, I think that we as holders and users of cryptocurrency have financial freedom over all the money we have. Although the above is not a complete list of how someone can achieve financial independence with cryptocurrency, the above is in my opinion a good starting point for someone new to the world of cryptocurrency. Do you agree with my opinion? Or you want to add some important points to this?

Although the above is not a complete list of how one can achieve financial independence with cryptocurrency, this is a good starting point for someone who is new to technology or is looking for new ways to take advantage of existing investments.

As cryptocurrency and blockchain continue to advance, their mass adoption will continue to grow. Only time will show how these new concepts will continue to disrupt positively not only the daily activities of the end user, but also the entire industry and business.

[Janation]

We can't, really.

Despite the fact that Bitcoin is giving off good profits in the past months, that is not consistent since we all know here how volatile these decentralized cryptocurrencies are. You might be able to earn a good profit now but in the next weeks, you will not be able to get the same. It is just two things, you might either earn some or lose some.

[maxreish]

Correct me if I'm wrong. So, you mean someone's financial freedom is holding bitcoin, mining and trading? There is financial freedom if one's have enough money to do all these kind of stuffs. I think, you misinterpret the meaning of financial freedom. Even if you googled it, it means you can do whatever you want since you have enough money and afford the lifestyle you want to yourself and to your loved ones.

[LogitechMouse]

1. Buy and Hold
buying cryptocurrency in small or large quantities and holding it for several months is a form of financial freedom from cryptocurrency. Unlike a bank account, creating a new cryptocurrency wallet is very easy for anyone who has access to a smartphone or computer connected to the Internet, you can install and access the wallet in just a few minutes.
2. Daily trading
Cryptocurrency is traded on an exchange, whose function is similar to that found in global equity markets. If you have expertise for technical or fundamental analysis and believe that your skills are suitable for the cryptocurrency market, trading can be very profitable. However, daily trading can be a risky endeavor, given that some tokens can experience short periods of high volatility at any time.
3. Mining
Mining refers to the process of using computing power to verify transactions and create new cryptocurrency units. While some cryptocurrency like Bitcoin cannot be mined using consumer level hardware, it is different from others like Ethereum and Zcash. Although mining can be very profitable, a large amount of investment is indeed needed at the beginning in the form of hardware. But if you pay attention, mining can be profitable and can generate income passively

It can make you financially free but the 3 things you shared can't guarantee you to be financially free.

How can you say that you are financially free?? For me, when my expenses is lesser in my income and I'm investing a percentage of my money to different investments. The 3 things you shared can give you financial freedom but there is no guarantee in cryptocurrency. Trading is the most risky in those 3 especially if you are not a professional.

[livingfree]

There's no difference having financial freedom with fiat and cryptocurrency. You named different ways to acquire bitcoin and altcoins but that doesn't mean that you'll be financially free once you've done any of those.

Unless, you've made that much and you have accumulated at the cheapest price before the price multiplied, I think you can live financially free if you have hundreds of thousands to millions of dollars worth of bitcoin or altcoin with the value right now.

[Cherylstar86]

There's no difference having financial freedom with fiat and cryptocurrency. You named different ways to acquire bitcoin and altcoins but that doesn't mean that you'll be financially free once you've done any of those.

Unless, you've made that much and you have accumulated at the cheapest price before the price multiplied, I think you can live financially free if you have hundreds of thousands to millions of dollars worth of bitcoin or altcoin with the value right now.

Yeah we can do that at our own freedom if we have such capital to invest while the opportunity is there. There's a lot of ways to do it but the problem is how to initiate a good strategy. Digital currency financial freedom differs from fiat system, because you can do it at your own will without being controlled by centralized regulation.

[fiulpro]

I personally think that the traditional banking system often fails to meet the needs of the people of a country if the country's government experiences a period of political, economic and cultural instability. But this in my opinion does not apply to cryptocurrency. The cryptocurrency and blockchain ecosystem can continue to develop during this period. People can not only depend on these assets for daily payments, but also use them to produce more wealth. Some things from my opinion which in my opinion are financial freedom from cryptocurrency

1. Buy and Hold
buying cryptocurrency in small or large quantities and holding it for several months is a form of financial freedom from cryptocurrency. Unlike a bank account, creating a new cryptocurrency wallet is very easy for anyone who has access to a smartphone or computer connected to the Internet, you can install and access the wallet in just a few minutes.
2. Daily trading
Cryptocurrency is traded on an exchange, whose function is similar to that found in global equity markets. If you have expertise for technical or fundamental analysis and believe that your skills are suitable for the cryptocurrency market, trading can be very profitable. However, daily trading can be a risky endeavor, given that some tokens can experience short periods of high volatility at any time.
3. Mining
Mining refers to the process of using computing power to verify transactions and create new cryptocurrency units. While some cryptocurrency like Bitcoin cannot be mined using consumer level hardware, it is different from others like Ethereum and Zcash. Although mining can be very profitable, a large amount of investment is indeed needed at the beginning in the form of hardware. But if you pay attention, mining can be profitable and can generate income passively

Based on that, I think that we as holders and users of cryptocurrency have financial freedom over all the money we have. Although the above is not a complete list of how someone can achieve financial independence with cryptocurrency, the above is in my opinion a good starting point for someone new to the world of cryptocurrency. Do you agree with my opinion? Or you want to add some important points to this?

Well I think by freedom I think it's freedom from the government , for the big business men ...freedom to do whatever you want to with the money you own ..

The freedom is not minning or making money , freedom is actually being the boss of your own funds.

Banks can close your account anytime and you should be able to comply with that ...that's how government works ..but bitcoins is something that we can believe they can't control ...

For better or worse it is also saving people from oppression...

[michael_97]

I don't think that digital currency can activate someone's financial freedom, it's simply like buying a company's stock and one just cannot have financial freedom just by investing in some assets. Buying cryptocurrency can act as a topping on the cake but for that, you need to make sure that you are ready with the cake.
Also, now you cannot expect to see that rise in the cryptocurrency again because it's not a hoax anymore, now people are buying & selling it at their pace but investing in it by thinking that it will give them financial freedom will not going to work.

[bitbunnny]

It's possible but very difficult.
To get financial freedom and to get fully independent from fiat money someone should have constant income or profit in cryptocurrencies and that is very hard to achieve. Even if someone makes it it's usually on some period but on long term it's almost impossibe. Unless for early adoprers who kept their Bitcoin long enough to make profit so big that enables them financial freedom for life.

[livingfree]

Yeah we can do that at our own freedom if we have such capital to invest while the opportunity is there. There's a lot of ways to do it but the problem is how to initiate a good strategy. Digital currency financial freedom differs from fiat system, because you can do it at your own will without being controlled by centralized regulation.

But many will think twice now about investing even to bitcoin if their mindset keeps telling them that it's kinda late but to be honest, it's never too late for someone that wants to invest to bitcoin.

Many studies says that even owning 1 bitcoin at the current rate is likely to give you much wealth in the future. Only applies to those people that are believing that there's something more in the future about bitcoin.

[SirLancelot]

The system has been developed to bring financial freedom to anyone that understand it well and decide to apply it to that particular area where it would be useful, which makes it depend on the approach of each and every one of us to it and our belief about it. There are so many people that no matter what they do in the crypto space, they don’t get it right and reason why you see many of them criticizing the crypto space or against what you have said.

From the first point, people don’t believe holding it as an assets, but we have seen how holding it has paid for some people in the past, and mining, mining may be expensive, but those than can handle it will surely get the financial freedom while trading is still the easiest way to me because you get instant result on that one.

[trickyriky]

Op, the way you put your post is not really the fact, it is not a guarantee that digital currency would get someone into being financially independent. It is possible though but not in all cases because you can also lose everything if you invest in a shit coin.

Cryptocurrencies provide the highest level of financial independence with the specification of digital financial independence. Since, for example, having a case full of dollars, you will also be financially independent, and observing some accuracy in their spending so as not to attract attention to your own person, you will be able to be financially independent for a rather long period.
So now, the most financially independent people can be considered those who have a sufficient amount of cash or crypto.

[minersday]

Well,  cryptocurrency presents the kinda financial freedom where you can easily send and receive funds from any part of the world with the lowest transaction fees seen in the financial ecosystem. Thus the kinda freedom cryptocurrency gives the people who decide to use it for their financial transactions...

[TheUltraElite]

It seems to me that getting financial freedom to get with digital currency is difficult but possible. 

The two of them are not inclusive or exclusive. They are different things and mean different things to separate people.

First of all, everyone has his own freedom. 

Freedom in life and financial freedom are not the same thing. Most people who are using banking system are free physically by not financially free.

Secondly, you must first invest a lot in order to increase it later.  And so if you have zero now and tomorrow you want to be financially independent this does not happen.

Not exactly correct, because cryptocurrencies again dont give you a complete financial freedom. We are making crypto more centralized with governments coming up with laws against crypto and attempting to create new coins that would be centralized. Thus we are moving away from financial freedom. In true sense a financial freedom in the wrong person's hand will lead to crimes, which is why governments try to prevent it.

[jake zyrus]

I don't see financial freedom with those things. Yes, trading, buy and hold, and mining can help you to earn but that doesn't mean your financially free. That you don't have to worry about your expenses and daily living, because in crypto, it's a lot of risk. You may gain but you're also at risk of losing.
Well it's still possible if you were born with a golden spoon.

[jostorres]

cryptocurrencies again dont give you a complete financial freedom. We are making crypto more centralized with governments coming up with laws against crypto and attempting to create new coins that would be centralized. Thus we are moving away from financial freedom. In true sense a financial freedom in the wrong person's hand will lead to crimes, which is why governments try to prevent it.

Everyone do understand what centralization is, and even when you see people keying in to some of those centralized coin that is being released, they do because they wanted to explore the opportunity that is available in them , but they never take those coin as the real coin that would give them that freedom of their finances.

When it comes to income generation, people are ready to take any system provided it bring money, but what bitcoin uses to supersede them is that anonymity that money of these centralized system are willing to give in to, because it will never benefit them, but bitcoin can easily do that because it is not interested in the profit but what it can do for the user, and this is why decentralized coin like bitcoin will always be the lead.

[fullhdpixel]

I don't see financial freedom with those things. Yes, trading, buy and hold, and mining can help you to earn but that doesn't mean your financially free. That you don't have to worry about your expenses and daily living, because in crypto, it's a lot of risk. You may gain but you're also at risk of losing.
Well it's still possible if you were born with a golden spoon.

It becomes a financial freedom tool for those that know how to unlock its secret, for me, crypto has even gone beyond just trading or buying and holding, I mean it has helped me beyond that, what cryptocurrency has done for me, is what I have been struggling with for year.

I am an importer of goods and I buy from some of these sites, there is a particular site where I wishes so much that I could be importing from because of the quality product that they have and their very cheap product, but the main barrier for me all these years has been issue of payment because western union and other means of making payment to them from my country does not cover that area,. But since the establishment of cryptocurrency, I have been able to easily communicate with the seller in terms of payment and this has increased my financial base a lot.

[shark1006]

It seems to me you are right, but I need to clarify. If you look more deeply at this interpretation, financial freedom applies to Bitcoin owners and traders as much as possible because it is the most decentralized asset. But in general, you are absolutely right, crypto users are financially free and independent

[TheUltraElite]

Everyone do understand what centralization is, and even when you see people keying in to some of those centralized coin that is being released, they do because they wanted to explore the opportunity that is available in them , but they never take those coin as the real coin that would give them that freedom of their finances.

It is their nature to take that risk though so these coins propagate a lot. Many shitcoins are born just because they are promoted by some venture capitalists like Btrash by RVer and CraigFraudstar. Its not about them but also the exchanges like Binance which allow a centralized system to trade. Again Dex are not that secure, but they need more awareness.

When it comes to income generation, people are ready to take any system provided it bring money, but what bitcoin uses to supersede them is that anonymity that money of these centralized system are willing to give in to, because it will never benefit them, but bitcoin can easily do that because it is not interested in the profit but what it can do for the user, and this is why decentralized coin like bitcoin will always be the lead.

Bitcoin is not completely anonymous, its pseudo-anonymous. Thats why people are paranoid about using mixers and tumblers, though I feel that as long as you are not doing anything that is illegal and thus pose risk, they are no need for any sort of mixing for your coins. Bitcoin is though the only coin they need to keep. Rest other out there are nothing but money making schemes for others, not you.

[Gi01]

Financial freedom is defined as the ability for an individual to be totally in charge of their financial transactions with no limitations. Digital currency such as Bitcoin provides the avenue which can be described as financial freedom since everybody using Bitcoin can decide when to do their transactions. Transactions can be done at any moment in time and anywhere you find yourself.

[EdvinZ]

1) A decentralized cryptocurrency definitely gives you the freedom to transfer any amounts of money to anyone on the planet with minimal fees. Moreover, transactions often take place within a few seconds. 2) As for achieving financial freedom with the help of cryptocurrencies, this involves investing in digital assets, a thorough analysis of the market situation, and taking all the risks associated with this activity.

[bhabygrim]

This is delusional.
You won't achieve financial freedom by trading mining or buying and holding. Unless if you already have  a LOT of money and you are willing to risk all that money in those risky activities.

Bitcoin won't increase its price by 10.000% again. Ok, it may happen, but are you willing to take the risky?

Let's suppose you need 1 million dollars to achieve your financial freedom.

So if you invest 100k USD in btc (10 BTC), and if the price goes to 100.000 USD per BTC, you have achieved your goal.

But do you have all that money? Are you willing to do all in strategy? It isn't worth, because the price may go down as well

OP's aspirations are not impossible as we've witnessed some people did in fact achieved financial freedom by doing those things. Also, financial freedom and the feeling or its achievement is not the same for everyone since its highly subjective. Some don't even have to be required to invest a huge amount of money just to attain it. Imho.

I agree we could use crypto to earn and make some more business not just in crypto but also in real life.
Of course we shouldn't just rely on crypto we should also have some back up's in real life so the title could be true,
Crypto or Digital currency can activate someone's financial freedom it just all depends on how they would handle it.

[Kakmakr]

You know financial freedom is the freedom to do transactions with anyone all over the world, without any restrictions and also the freedom to send ANY amount of money to that person. Centralized financial services are also a barrier to entry for a lot of people and this is why there are millions of people without Bank accounts.

Bitcoin allows anyone with internet access and a mobile phone to store their wealth <no matter how little it is> and it also allows them to buy whatever they want to buy or sell. If you want to use your bitcoins to donate money to say WikiLeaks, then Bitcoin will allow you to do just that. <We saw how centralized services like Credit card companies, blocked payments to WikiLeaks>  

https://www.forbes.com/sites/andygreenberg/2010/12/07/visa-mastercard-move-to-choke-wikileaks/#37f45a3e2cad

[ethereumhunter]

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city. But I don't think that they will reveal to the public that they have a lot of money from cryptocurrency because that will trigger the government to search for more information about them. It is better to reach financial freedom by secretly without anyone knows so we can enjoy the wealthy, prosperity. And we can make our time worth doing other good things.

[darewaller]

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city. But I don't think that they will reveal to the public that they have a lot of money from cryptocurrency because that will trigger the government to search for more information about them. It is better to reach financial freedom by secretly without anyone knows so we can enjoy the wealthy, prosperity. And we can make our time worth doing other good things.

How many of those people do you still think will have that their holding in their wallet, many of them must have even changed it all before bitcoin even get to reach its last all-time high, and those who have even change their money when it reached new high, I hope they are able to use the money to invest in something good outside the world of cryptocurrency because that is the only way they can fully guarantee financial freedom.

Bitcoin is good to be held as asset and when it grows and reaches all-time high, it could guarantee a future of financial freedom, but don’t forget that this use of bitcoin for investment will only be a temporary thing and never be permanent, it will stop when the volatility of bitcoin reduces and people start making payment with it only.

[Chrystora123]

Op, the way you put your post is not really the fact, it is not a guarantee that digital currency would get someone into being financially independent. It is possible though but not in all cases because you can also lose everything if you invest in a shit coin.

OP only explained what he found in the field, and I think it's a reality because some people are already financially free because of cryptocurrency and digital currencies.

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

The people who first invested in Bitcoin (2010-2016) and Ethereum (2013-2016) then sold their coins and convert it into fiat during the 2017 Bullish market were those who enjoyed financial freedom.

[shoreno]

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else  , you cant be tax or there is no restriction  .

there is no specific time for it and there is no specific number of cryptos  but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

[Oasisman]

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else  , you cant be tax or there is no restriction  .

there is no specific time for it and there is no specific number of cryptos  but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

Your idea of financial freedom is correct, but that doesnt mean the other one is wrong.
Financial freedom could also mean financially independent. Those who have enough money to spend for their living without even working for a day job or being dependent from other private companies, those are the people who they call the early adopters who sold their Bitcoin during the ATH after a couple of years of holding.

The idea of  Bitcoin creation means complete financial freedom, free from any presence from the third party like banks or government, and could also make people earn enough profit if investments in crypto were properly managed.

[Herbet Fry]

I think if you can come up with a good idea for a project that you can make yours finically free and earn passive income. Starting up a coin or token is much cheaper then traditionaly having to go to the stock market and have actual stock. I am not even sure of the requirements to allow stocks in your company I think it needs to be a certain size. All these limitations and more are void when using crypto. There are also now many many new types of work and jobs and ways to earn that never were available before.

[ethereumhunter]

How many of those people do you still think will have that their holding in their wallet, many of them must have even changed it all before bitcoin even get to reach its last all-time high, and those who have even change their money when it reached new high, I hope they are able to use the money to invest in something good outside the world of cryptocurrency because that is the only way they can fully guarantee financial freedom.

Bitcoin is good to be held as asset and when it grows and reaches all-time high, it could guarantee a future of financial freedom, but don’t forget that this use of bitcoin for investment will only be a temporary thing and never be permanent, it will stop when the volatility of bitcoin reduces and people start making payment with it only.

People who have bitcoin at least 1k bitcoin will have financial freedom because they will have huge money in their bank account. They enjoy their money and will hold the rest of bitcoin they have and will buy more bitcoin if the price is down too deep like in this year. Bitcoin can be an investment and can be a new way to make money. It depends on what people goals and I am sure we want to get the financial freedom from cryptocurrency.

The people who first invested in Bitcoin (2010-2016) and Ethereum (2013-2016) then sold their coins and convert it into fiat during the 2017 Bullish market were those who enjoyed financial freedom.

I am sure that some people already did this in 2017 ago and now, they only watch the market with a smile on their face. They already buy a lot of bitcoin when it reached $3k a few months ago, and they will sell it again at the highest price.

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else  , you cant be tax or there is no restriction  .

there is no specific time for it and there is no specific number of cryptos  but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

The financial freedom for myself is when I can do whatever I want without thinking about the money. I will no problem if I still paying tax. I will call cryptocurrency is a new way to become financial freedom. And from cryptocurrency, we can make huge money without any limits. Maybe we have a different opinion about financial freedom.

[aysg76]

I think if you can come up with a good idea for a project that you can make yours finically free and earn passive income. Starting up a coin or token is much cheaper then traditionaly having to go to the stock market and have actual stock. I am not even sure of the requirements to allow stocks in your company I think it needs to be a certain size. All these limitations and more are void when using crypto. There are also now many many new types of work and jobs and ways to earn that never were available before.

Starting a coin would surely not count as a mean of earning through cryptocurrency. The conception of people to get rich through starting a new project and selling coins is what bring us to the stage when we are watching over 95% projects getting scrapped every month. It is my serious advice to only start a project when you really have one in a million idea and you are sure about that. Starting a project with mere motive of earning money is bad idea!

[Xxmodded]

Financial freedom with cryptocurrency is possible with holding or become trader, you can use your money for bitcoin investment assets where you can hold for long time and sell after price raising up, or you can use your money for trading but you have know how to start trading with bitcoin or altcoin.

[Youghoor]

What you need to ask yourself is, what does financial freedom means? The ability to control the amount of funds you can send and receive without needing the approval from any third party or central authority.  Considering what financial freedom is to the features and nature of cryptocurrency, cryptocurrency gives users an opportunity to be in charge of the flow of funds in their account with no restrictions. This defines the nature of financial freedom...

[Kakmakr]

Financial freedom is more about your ability to control your own wealth and having access to it 24/7/365 times a year. How many times have you arrived at the Bank, just to find that they were closed. <Business hours> or that the ATM was empty or broken. So, you will have financial freedom when you have full control over your own money and wealth and Bitcoin gives that to you. 

You are also not restricted to send only a predetermined amount of money to anyone in the world, so if you have $10 000 000 worth of bitcoins and you want to send it to someone, then you will not be blocked by any Bank or government, because you can send it directly to another Bitcoin address. <Bitcoin is borderless>   

[maydna]

I think that the next 5-10 years, cryptocurrency assets will enable many players to activate their financial independence in the new pestilence economy. But for this, it will be necessary to take the financial risks that are now and invest in Bitcoin or Ethereum.

I guess that will no need to wait for 5-10 years to see someone can activate their financial freedom. I am sure that if the market can get the bull run, many people will have a lot of money. They are now still waiting for that bull to comes so they can sell all of the coins they have, and if they can do that, their profit will be bigger, and that means, they can activate the financial freedom. People who invest in bitcoin or other coins can get financial freedom when they can sell at the highest price so they can make a lot of money from crypto. Perhaps, after they can sell all of the coins, they will retire from the crypto and enjoy their money.

[Byakuga]

For financial freedom to happen in crypto space we have to see huge growth like last bullrun of 2017, there is no guarantee that it will ever happen again though but its better to lean on the little profits you making out of crypto eithe through trading or bounty projects, financially freedom might not come true

[ChrisPop]

Like any other financial instrument , cryptocurrencies can bring financial freedom to a person if they invest their funds wisely. But stocks can do the same especially if you're a trader. Take into account that cryptocurrencies are not regulated, therefore is no financial authority that limits the frontiers, so the inherent risk is much higher.

[Shasha80]

Before answering my question, i will explain a little about what is financial freedom. It means financial freedom is not in debt, free to shop
for daily needs, in buying goods not bound by price, have savings and have extra money. That's the explanation of financial freedom
in my opinion, sorry if the explanation isn't quite right.

Now I will answer the question, can digital currency make someone's become financial freedom? the answer is very likely. Because digital
currency like bitcoin, if you have a good and right strategy, can deliver we get a very large profit. The method can be through investment,
trading or mining. But sad not everyone can get financial freedom, because like I said above depends on the strategy we make planning to
get profit. The more mature our planning is, the closer it will be to financial freedom.

[Kyraishi]

It's a bit different, I think you misunderstood the definition of financial freedom here. Financial freedom basically means you can live like how you want to, but you don't need to have a job or a regular paycheck to supply this lifestyle, so it's similar to retiring.

So if we are talking digital currencies in relation to retiring, it becomes a question of is that a good enough investment that can fund your retirement.

A yes, and a no, I would never invest purely into crypto-currencies, but a sort of split between traditional investment options like real estate and cryptocurrency doesn't seem bad at all.

[Astvile]

You can't really not unless you hit a really great jackpot here in crypto especially on trading, mining, bounties here.  Bitcoin/Cryptocurrency doesn't work like that there's no easy money here. If you wanna have Financial Freedom through bitcoin you'll be needing to spend tons of money and time in order to work out. Financial stability for daily expenses is doable, but it is different from financial freedom your stating, though it is still possible if you do have a lot of money to invest at the very start

[skarais]

~snip
A yes, and a no, I would never invest purely into crypto-currencies, but a sort of split between traditional investment options like real estate and cryptocurrency doesn't seem bad at all.

Everyone is free to choose what instruments are suitable for their investment.  Real estate and crypto are two types of instruments.
Both are not without risk, but the risk of investing in real estate may be smaller when compared with crypto. Both of these instruments have the potential to make us profitable, but in the end to get the benefits we must have good management and strategy.

[XCANA]

Basically this can be achieve by taken the necessary risk involved in digital currency. You cannot be financially free either  by trade or by investment if you aren't ready to take the risk involved, risk in the sense that; you will loose some of your investment, or as a trader will loose your trade before you start to gain your looses back gradually. The digital world is full of risk and those who take the risk made it to freedom.

[bitcoworld]

I personally think that the traditional banking system often fails to meet the needs of the people of a country if the country's government experiences a period of political, economic and cultural instability. But this in my opinion does not apply to cryptocurrency. The cryptocurrency and blockchain ecosystem can continue to develop during this period. People can not only depend on these assets for daily payments, but also use them to produce more wealth. Some things from my opinion which in my opinion are financial freedom from cryptocurrency

1. Buy and Hold
buying cryptocurrency in small or large quantities and holding it for several months is a form of financial freedom from cryptocurrency. Unlike a bank account, creating a new cryptocurrency wallet is very easy for anyone who has access to a smartphone or computer connected to the Internet, you can install and access the wallet in just a few minutes.
2. Daily trading
Cryptocurrency is traded on an exchange, whose function is similar to that found in global equity markets. If you have expertise for technical or fundamental analysis and believe that your skills are suitable for the cryptocurrency market, trading can be very profitable. However, daily trading can be a risky endeavor, given that some tokens can experience short periods of high volatility at any time.
3. Mining
Mining refers to the process of using computing power to verify transactions and create new cryptocurrency units. While some cryptocurrency like Bitcoin cannot be mined using consumer level hardware, it is different from others like Ethereum and Zcash. Although mining can be very profitable, a large amount of investment is indeed needed at the beginning in the form of hardware. But if you pay attention, mining can be profitable and can generate income passively

Based on that, I think that we as holders and users of cryptocurrency have financial freedom over all the money we have. Although the above is not a complete list of how someone can achieve financial independence with cryptocurrency, the above is in my opinion a good starting point for someone new to the world of cryptocurrency. Do you agree with my opinion? Or you want to add some important points to this?

The way the FIAT money is designed to work it cant be financial freedom for everyone. A lot of people don't even get a Bank Account while they need one badly. This is what bitcoin and crypto solve. Everyone can make a Wallet. Everyone can Transfer his coins. Everyone can publicly check any address and see all transactions. All stuff which was mainly reserved for the eyes of the banks. Bitcoin solve all that. Now we just have to be smart and send our coins out of the Exchanges as in a world of kyc they are the "New Banks"

[Darooghe]

It not only provides/activates financial freedom for individuals but also governments. There are different countries which were sanctioned by the USA and European Union, and it's apparent that they don't have a choice but to use cryptocurrency as the primary monetary instrument. Due to the hyperinflation such countries like Venezuela, Iran, Lybia were left off by themselves, sanctioned, and without any possibility to drive their economy forward. It's a bulletproof fact that Bitcoin may play a signification role in the development of these countries. I wish more people understood that Bitcoin is about freedom and not about Lamborghini.

[alexsandria]

This is so nonsensical. Yes maybe digital currency will make you earn money, but if to the point that you have financial freedom, no. You even have this condition mentioned on poor countries. Those who can earn so much money to the point where they will have financial freedom also need to to have a huge amount of investment. If they don't have that (if they aren't rich), then they cannot earn much money that can be considered as having financial freedom.

[Kyraishi]

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else  , you cant be tax or there is no restriction  .

there is no specific time for it and there is no specific number of cryptos  but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

No, that is just not the definition of financial freedom. See my previous post for a more detailed and accurate explanation of it.

In a sense, getting rich of crypto is sorta like having financial freedom, only if the funds are enough for you to live happily ever after without ever working or worrying about money again if that makes sense.

~snip
A yes, and a no, I would never invest purely into crypto-currencies, but a sort of split between traditional investment options like real estate and cryptocurrency doesn't seem bad at all.

Everyone is free to choose what instruments are suitable for their investment.  Real estate and crypto are two types of instruments.
Both are not without risk, but the risk of investing in real estate may be smaller when compared with crypto. Both of these instruments have the potential to make us profitable, but in the end to get the benefits we must have good management and strategy.

I mentioned real estate as an investment option because it's probably one of the safest bets when it comes to traditional investments, and it works well for long term stuff especially.

[tungaqhd]

This is so nonsensical. Yes maybe digital currency will make you earn money, but if to the point that you have financial freedom, no. You even have this condition mentioned on poor countries. Those who can earn so much money to the point where they will have financial freedom also need to to have a huge amount of investment. If they don't have that (if they aren't rich), then they cannot earn much money that can be considered as having financial freedom.

I know that many people make a lot of money from this market, they also need to invest a huge amount of money, more precisely, they have achieved a financial freedom step before coming to digital currencies but this market is so potential, and a lot of exceptions have emerged since 2017. Although some people have not been rich before but after the effort and hard at crypto, they have really started to gain financial freedom, the results were obvious for the fact that digital currencies had a major trigger for someone's financial freedom

[Eugenar]

I personally think that the traditional banking system often fails to meet the needs of the people of a country if the country's government experiences a period of political, economic and cultural instability. But this in my opinion does not apply to cryptocurrency. The cryptocurrency and blockchain ecosystem can continue to develop during this period. People can not only depend on these assets for daily payments, but also use them to produce more wealth. Some things from my opinion which in my opinion are financial freedom from cryptocurrency

1. Buy and Hold
buying cryptocurrency in small or large quantities and holding it for several months is a form of financial freedom from cryptocurrency. Unlike a bank account, creating a new cryptocurrency wallet is very easy for anyone who has access to a smartphone or computer connected to the Internet, you can install and access the wallet in just a few minutes.
2. Daily trading
Cryptocurrency is traded on an exchange, whose function is similar to that found in global equity markets. If you have expertise for technical or fundamental analysis and believe that your skills are suitable for the cryptocurrency market, trading can be very profitable. However, daily trading can be a risky endeavor, given that some tokens can experience short periods of high volatility at any time.
3. Mining
Mining refers to the process of using computing power to verify transactions and create new cryptocurrency units. While some cryptocurrency like Bitcoin cannot be mined using consumer level hardware, it is different from others like Ethereum and Zcash. Although mining can be very profitable, a large amount of investment is indeed needed at the beginning in the form of hardware. But if you pay attention, mining can be profitable and can generate income passively

Based on that, I think that we as holders and users of cryptocurrency have financial freedom over all the money we have. Although the above is not a complete list of how someone can achieve financial independence with cryptocurrency, the above is in my opinion a good starting point for someone new to the world of cryptocurrency. Do you agree with my opinion? Or you want to add some important points to this?

I definitely agree with the first point, basically the financial freedom can be achieve for me, if you have the total control of your asset. Meaning to say that compared to fiats, you are not merely allowed to save as much as you can personally, money needs to be regulated and be in cycle so, if you have allot of money, you should keep it to banks that will hold it and save it, wherein financial freedom isn't in your hands. While in crypto, keep your money or not, you decide.

[sehoon]

If you're gonna use those three points, probably not. It will still depend on the coins you are investing in and how you use your money. You can always stop investing if you already have 500 bitcoins, but after that, since bitcoin price can go down, you shouldn't stop there and find something where you can still multiply your net worth.

[btctaipei]

People who invest in bitcoin from the first time bitcoin launch has reached financial freedom, especially for who have much bitcoin. They already cash out their bitcoin and convert it into fiat in 2017 ago, and now, they become a billionaire in their city.

becoming rich thru cryptocurrency is not what you call a financial freedom .

what financial freedom mean is that you are using a currency that is not controll by someone else  , you cant be tax or there is no restriction  .

there is no specific time for it and there is no specific number of cryptos  but it does not mean that you must cash out and earn but its the way how you spend your crypto in the form of a currency or a payment method .

I second that. You need to realize those who were made rich the struggle isn't yet over.  Though it's a bit naive to think some how you will be allowed to use the wealth undetected let along have any "freedom" associated with it.  The truth is, me and you all still live in the matrix.

The matrix = "The Federal Reserve System"

many of the BTC OG from 2010-2013 now own piles of cash, gold, stores, and other liquid assets.  So long you remain humble and not brag about your wealth, you should be fine.  You will be spied on, and be squeezed out once you begin realize and truth and being set free.

Digital Currency "CAN" activate someone's Financial Freedom only if
1) you, the adopter show them, and
2) the masses are ready to unplug (it isn't going to happen)

"I know you're out there...I can feel you now. I know that
you're afraid. You're afraid of us, you're afraid of
change...I don't know the future...I didn't come here to
tell you how this is going to end, I came here to tell you
how this is going to begin. Now, I'm going to hang up
this phone, and I'm going to show these people what you
don't want them to see. I'm going to show them a world
without you...a world without rules and controls, without
borders or boundaries. A world...where anything is
possible." -Neo

see for yourself

y2u.be/s8YO5icNGn0