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Author Topic: bitcoin wasn’t created to make you rich. It was created to make you free  (Read 1743 times)
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April 11, 2021, 11:47:05 AM
 #101

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?
"saving fiat = base of rich & freedom" This sentence is "bullshit", you will only continue to lose your money and your hard work little by little. 

"saving Bitcoin = base of rich and freedom" is a very valid sentence today.  with the value of Bitcoin that continues to fly, then you have got two things at once, that is freedom and wealth.

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April 11, 2021, 01:42:33 PM
 #102

It can be both, though; I'm using bitcoin as an investment tool and as a coin that can be used without paying taxes and to replace conventional forms of payment.

So, in some ways, bitcoin is there to make some people rich and prosperous because market forces such as supply and demand exist.

If you only keep bitcoin until now, you will make a lot of money, so theoretically, bitcoin is making you rich by gaining income.
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April 11, 2021, 02:24:17 PM
 #103

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?
Those who have invested early or working with Bitcoin from starting are now millionaires(the one's still holding their coins) with freedom so they are enjoying both the benefits of Bitcoin which is :
1)Freedom from any centeral authority of chian and having complete control of our own funds
2)Profit gain with 50-60k% returns which is huge number

So we can't say Bitcoin is only used as decentralised currency because many are using it as investment tool as well.The twin winklevoss brothers were first Bitcoin billionaire as they invested in bitcoin from the compensation ($65 million) they got from facebook.So it's all about how you use Bitcoin as it has gained different meanings over 12 years of period.You can google the list for Bitcoin billionaire and you will find many names in Forbes list also.

Although Sathoshi has created Bitcoin with aim of first fully decentralised currency that runs on trust system or concesus mechanism of POW but he is also holding 1 million Bitcoin not only with the aim of freedom?He is among Forbes list of Richest person on planet and that because of bitcoin only.So it is how you use it.

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April 11, 2021, 03:20:01 PM
 #104

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

I also think so that there is a problem with money, namely, that money simply loses its value and it is not very profitable to save money now. I chose this strategy, I just make money and spend it on the necessary goods for life. I also spend part of the funds in cryptocurrency and keep BTC and some altconiv. It is difficult to say what exactly will happen next, but at the moment I believe that I have chosen the right strategy.
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April 11, 2021, 04:35:28 PM
 #105

"saving fiat = base of rich & freedom" This sentence is "bullshit", you will only continue to lose your money and your hard work little by little. 

"saving Bitcoin = base of rich and freedom" is a very valid sentence today.  with the value of Bitcoin that continues to fly, then you have got two things at once, that is freedom and wealth.
That's very true, if I put all of my fiat to savings account last year, and kept saving 10% of all my income towards that and kept it going up and up and up that would have resulted with nearly 10% return this year and that's a damn great thing by the way, that's a great increase in the fiat world, nobody makes that kind of return in nations like USA or UK and whatever, but you know what the inflation here is?

It is nearly getting to 50%, they will not tell you this, they will hide this from you and official places will say like 15-20% at max, but the reality is 50% and that's why all of my money became useless. What do I do with crypto? I make 5x more with it, that's the reason why I love saving up bitcoin.

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April 11, 2021, 08:37:44 PM
 #106

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?
Right to say bitcoin wasn't created to make us rich but to give us financial freedom and becoming our own bank and eliminating the middle man in every transaction, if a person gets rich just by holding bitcoin then it should be seen as a compensation for not dumping it too soon, I think this is the point we have to make clear for noobs, cause alot of them see Bitcoin as a get rich quick thing.

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April 11, 2021, 10:05:18 PM
 #107

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

Of course that was always the purpose of this experiment from the get go.  To bring financial power back to the individual.  It has morphed into a scammers haven but if you wade through the sludge crypto is as promising as anything else in this world today

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April 11, 2021, 10:23:32 PM
 #108

~snip~
Right to say bitcoin wasn't created to make us rich but to give us financial freedom and becoming our own bank and eliminating the middle man in every transaction, if a person gets rich just by holding bitcoin then it should be seen as a compensation for not dumping it too soon, I think this is the point we have to make clear for noobs, cause alot of them see Bitcoin as a get rich quick thing.

Those "get rich real quick" mindset has been going on since Bitcoin pumped to $100 in 2013 and it has been going on till now. Honestly, majority of the people invested in Bitcoin sees Bitcoin as an investment tool that could make every holders rich. I don't usually hear like they're using Bitcoin to buy product or pay for service so Bitcoin could grow it's adoption as a currency used for everyday transactions, I know there were people loves doing this, but there's like 60%-70% (my mere calculations) who has been invested just to hold.

Anyway, the OP title is correct. Bitcoin has been created to make us free from traditional baking system and any third party companies when doing transaction from another person. Becoming rich with it is just an incentive for trusting this technology.

R


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April 12, 2021, 01:46:03 AM
 #109

Bitcoin is made for having an alternative currency for fiat currency, as what your title has said, bitcoin wasn't created to make you rich, yeah Satoshi Nakamoto doesn't have the intention to make us rich from bitcoin because its value at its very first launch is very cheap but now a lot of things have changed and a lot of people are now rich because of bitcoin. There are already so many people who choose to stay and focus on bitcoin because it makes them rich, it makes them earn more money.

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April 12, 2021, 03:10:46 AM
 #110

well, since getting to know crypto, I think I've gained some freedom in the economy. Honestly, after getting used to this, I felt that my thinking changed. although sometimes I also think that this can make me rich, but on the one hand, I also learn about many things. however, this is not a shortcut to getting rich, however, I feel that something that we cannot get in the real world, lies in this.

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harapan
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April 12, 2021, 04:40:09 PM
 #111

I agree with you, bitcoin is really helping the middle class since the government have decided to inflate the prices of goods in the market, saving money in fiats is as risky as letting robbers know you have money in your apartment, everyday the purchase power of fiat keeps reducing, but with bitcoin we can be able to get more purchasing power unlike fiat.

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giantrobot
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April 14, 2021, 10:00:33 AM
 #112

My thoughts is that bitcoin is just a medium to help you become rich or financially stable, in the end you are the one that needs to utilize those tools given to you, what I mean by that is you do have bitcoin but you don't know what to do next so you are just stuck into hodling only which isn't helpful if you want to get financially stable. I do agree that bitcoin can return the power back to the working class but we all know that bitcoin is for everyone so even the ruling class can get in like what they are doing now.
I also think like you. That every class, every class in society has the right to participate in electronic money. Bitcoin is also a means to help you get rich. And anyone involved in Bitcoin investment also wishes to enrich. When you are rich, your life will become comfortable and free. I also cherished my dream of success from Bitcoin investment. Lucky time will come.
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April 14, 2021, 08:41:07 PM
Merited by The Sceptical Chymist (1)
 #113

Bitcoin is money designed to give us the freedom to manage finance that is different from the banking system. Decentralization is the epitome of bitcoin and has led us to believe it is more than just a valuable asset. Bitcoin has given us a different experience in managing finance without government control. This is an open source project that is constantly expanding around the world. Bitcoin was not created to make us rich, but the current price increase has added to the long list of name of the rich.

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desticy
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April 14, 2021, 10:25:42 PM
 #114

In general, I agree. Bitcoin is not about wealth, not about accumulating money. It's about opportunities and freedom. It is a digital analogue of money that expands our capabilities. After all, before the brick currency there was only fiat, controlled and unsecured by nothing. If necessary, banks can simply take and cut you off from the fiat clerk, leaving you to die on the street. Bitcoin is freedom.

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April 15, 2021, 07:31:00 PM
 #115

Well bitcoin isn't a get rich quick scheme, like u Said bitcoin can help to be free and stable financially, but actually hodling bitcoin can also make someone rich with nice amount of capital, time and patience. Tho bitcoin shouldn't just be seen as something which would just make someone rich from just hodling, people should just clear off this mindset of getting rich so quickly with bitcoin and just take it as an investment which will yield profit in time to come, If a person really wants to get rich he shouldn't just depend on just hodling bitcoin, the crypto space Is widely open and field with lots of opportunities.

xiboothrezi
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April 15, 2021, 11:59:41 PM
 #116

Well bitcoin isn't a get rich quick scheme, like u Said bitcoin can help to be free and stable financially, but actually hodling bitcoin can also make someone rich with nice amount of capital, time and patience. ~
bitcoin can provide an opportunity to jump faster, but it can also make a quick dive. we all know that the price of bitcoin is very volatile, if you can take advantage of it well then you will profit, if you just follow along without knowing the knowledge you will lose.

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April 16, 2021, 08:50:49 AM
 #117

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.
I believe that Bitcoin was created for a lot of things, whatever opportunity you see there, it’s good to take it , if you’re going to be able to get rich through bitcoin then you should make sure not to miss that kind of opportunity.

A lot of people have gotten rich through bitcoin, and their life has changed for the better, so it’s not bad if that’s your target to achieve. I know you’re trying make people understand the real purpose of bitcoin, but it can also make you rich. When I started with bitcoin it wasn’t to get rich, I had other motives, but that has become part of the plan and I can tell you for sure that I want to get rich through Bitcoin.

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April 16, 2021, 11:07:59 AM
 #118

Actually Bitcoin for me is an investment tool or a medium, and is not for people to be super rich for holding them. It was for us to be financially free and could also make transactions all over the world without using fiat money. But also there are some who are rich now because they hodled and didn’t spend the Bitcoin they bought a few years back.
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April 16, 2021, 11:39:05 AM
 #119

Right to say bitcoin wasn't created to make us rich but to give us financial freedom and becoming our own bank and eliminating the middle man in every transaction, if a person gets rich just by holding bitcoin then it should be seen as a compensation for not dumping it too soon, I think this is the point we have to make clear for noobs, cause alot of them see Bitcoin as a get rich quick thing.
Every person was dreaming to have a financial freedom at an early age as they can and the fact that today the importance of money really matter because you can't purchase products and services without it. Personally, what I realize about bitcoin especially in this time of pandemic was bitcoin was created for people to use as another way of source of income, to help people ease the difficult times of living. Bitcoin was created not exactly to make you rich because getting rich is depend on how do you dealt with crypto world wisely but getting rich with the use of bitcoin wasn't impossible.
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April 16, 2021, 03:11:57 PM
 #120

Right to say bitcoin wasn't created to make us rich but to give us financial freedom and becoming our own bank and eliminating the middle man in every transaction, if a person gets rich just by holding bitcoin then it should be seen as a compensation for not dumping it too soon, I think this is the point we have to make clear for noobs, cause alot of them see Bitcoin as a get rich quick thing.
Every person was dreaming to have a financial freedom at an early age as they can and the fact that today the importance of money really matter because you can't purchase products and services without it. Personally, what I realize about bitcoin especially in this time of pandemic was bitcoin was created for people to use as another way of source of income, to help people ease the difficult times of living. Bitcoin was created not exactly to make you rich because getting rich is depend on how do you dealt with crypto world wisely but getting rich with the use of bitcoin wasn't impossible.
- Well, bitcoin is a solution to finding a source of hope for income during a pandemic, even if the income will be as high as you say, it can make us rich enough in this society as long as we handle the market data correctly but unfortunately, this opportunity is quite rare while many still believe it is easy, which makes their economy worse with bitcoin. Although bitcoin offers freedom by allowing us to break away from the regulation of the government system but the government will soon cover the rule here, don't get excited too soon


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