bitcoin wasn’t created to make you rich. It was created to make you free

[Rexler]

Bitcoin can have some meanings for people depending on themselves and their usages. For many people bitcoin is an investment asset just like gold they will hold it in long term to get profit out of it for many other bitcoin can be a key to freedom because they can do any transaction and none can track them ever. In my own idea, using bitcoin you can be free and rich both in same. Some other people believe, sooner or later bitcoin will take fiat's place. Generally, this can have several usage depending on yourself.

Bitcoin makes people both rich and free at same time depending on the user, presently many people are self employed with bitcoin related activities and makes cool cash even more than most companies workers, and also gives people freedom by giving them full access to their money unlike the banks, and also bitcoin gives people privacy allowing users being the only one who can access their wallet and this is why most government hates bitcoin.

[Sithara007]

It indirectly makes you rich. Bitcoin is protected from inflation and that means that your wealth and purchasing power does not go down. On the other hand, if you invest in assets denominated in fiat currency, even if you get some profit, it is neutralized by inflation and taxes. With cryptocurrency, you have to deal with taxes, but not with inflation. In fiat economy, it is extremely difficult for someone to become rich through honest methods. But that is possible with cryptocurrency. And that explains the reason why the governments are against it.

[BrianH]

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?

Agreed. Good thread. See sig.

Also, if you are in the US and want to preserve your freedom to use Bitcoin, you had better contact your US House representative and demand they amend the infrastructure bill or you will no longer have that anymore.

[witcher_sense]

I understand what the author of the topic is trying to say, but the thing is bitcoin doesn't care about if we are free or enslaved. Bitcoin is neutral, it is just money, a means with which people can achieve their goals. It enables people to save their hard-earned money so that government cannot debase it or seize it. But bitcoin gives people a choice. Some aren't interested in making savings, but rather in short-term gains and speculation. Bitcoin also allows consumers to consume more effectively, but it doesn't make them any freer. In other words, bitcoin enables people to decide for themselves what to do with their money. However, sometimes money is used in the wrong way that leads to less freedom. Either way, you are still dependent upon your government because you live on the territory and also enjoy protection, healthcare, education, etc.  In my opinion, we will not see completely sovereign bitcoin economies until government loses its power and the ability to control all aspects of our life.

[Kiley33]

Bitcoin can not only realize people's freedom of wealth, but also bring people's freedom of thought.
Everyone is used to being under the control of the government. Without its own independent thinking, Bitcoin can save third parties. It protects our privacy very well.
Bitcoin can be both an investment method and a payment method.

[MIldic1c]

In reality, our economy is stored in centralized banks, but the birth of Bitcoin is an emerging technology. Bitcoin is a currency without a country. It can obscure the concept of national boundaries, and the handling fee is extremely low. Bitcoin Can help us solve many problems of monitoring funds.

[NathanielParker]

The characteristics of Bitcoin have an impact on the existing financial system. Everything before Bitcoin changes has no a priori value, nor does it force people to use it. In a way, Bitcoin is a medium. Bitcoin was born on a fertile land and has been recognized by people.

[mrjoy15]

In reality, our economy is stored in centralized banks, but the birth of Bitcoin is an emerging technology. Bitcoin is a currency without a country. It can obscure the concept of national boundaries, and the handling fee is extremely low. Bitcoin Can help us solve many problems of monitoring funds.

I agree, bitcoins is the first real step away from banks. The big international banks have a monopoly on the financial system. It is very hard for the consumer to find a way around banks. Especially since cash is being used less and less. Now with crypto currencies we are finally the chance to be independent.

Bank framework is old, Bitcoin is here to change the general monopoly business. In my country the minister of revenue won't even notice you have crypto. I'm simply going to construct a house when it moons and continue to hold the rest. Use Bitcoin as collateral loans, that's a damn good shelter method. Join into BTC there lots of benefits we can get.

[TheGreatPython]

When we talk that crypto can give you freedom or medium to help you become rich, that means we talk about the function of crypto as a store value. As we know, there are some functions which have by Crypto. Store value, speculative and transaction tool. Crypto has its potential to make ur value asset become higher than before and the value is always higher than inflation rate. This will help you to keep ur life in financial crisis but we should know that there is a term and a condition.

That is the biggest part that people are still not using and that is a bit of a problem. Like people still value getting a house and renting it to someone else as a better way to invest than crypto, a friend told me that his house he bought 2.5 years ago made 2x profit for him which is insane not every house does that but he literally did that because he bought a house that was already undervalued and now there is a metro station there which helped the prices, so he knowingly invested into that, his rent income nearly doubled meanwhile as well.

I told him bitcoin made about 10x during the same period and he should have invested into that, and he said "how could I know bitcoin would go up, it is a risk", as if owning a house is not a risk, lol. This is why people still do not put most of their money into bitcoin yet, just the ones they are willing to lose, the moment people start to see bitcoin as the main investment method, we will see millions of dollars for each bitcoin.

[jakdanyel]

I agree. The main goal of Bitcoin is not to make anyone rich. But some people still think in that way. And it stems from lacking enough knowledge about Bitcoin. Bitcoin's main goal is to help you do whatever you want with a cryptocurrency. You are free to do whatever you like. But now, governments are planning to restrict this with regulations. And it means that Bitcoin can lose one of its main features which is anonymity for example.

[Rajamuda]

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?

Well here Bitcoin/altcoin is still a big hope for humans in terms of finance, this is still a financial driver if had already familiar with it, not even just for classy people, ordinary people can still have the opportunity to make profits while they keep trying, especially in the current pandemic situation, I have felt that Bitcoin/cryptocurrency is a helper.
Basically, Bitcoin was created to be more self-sufficient and as a hope, to make users free to do useful things in it.

[Lordshiva]

Yeah totally agree with you, yes it was not intended to make anyone rich, it was not starter as an investment plan for the people but it has made people rich. And now many us also believe that we can also be one of those people

[Ozero]

Yeah totally agree with you, yes it was not intended to make anyone rich, it was not starter as an investment plan for the people but it has made people rich. And now many us also believe that we can also be one of those people

However, everything in this world is interconnected. We also cannot deny that Bitcoin and other cryptocurrencies bring good profits to people. However, in general, one must agree that, first of all, when creating a cryptocurrency, the main goal was to develop a financial mechanism that would allow free transactions without the participation of the existing banking system, that is, first of all, cryptocurrency should give people maximum financial freedom. However, financial freedom is closely related to the ability to make a profit.

[jostorres]

I agree with the subject. Bitcoin's main goal was not to make all people rich of course. This is not a get-rich-quick scheme. It is true that you can increase your money a lot if you make an investment into Bitcoin for a long term. But it is just one of the features of Bitcoin. But when it comes to the main goal, Bitcoin was created to help you make transactions freely without someone interrupting. You don't need to deal with any banks, personnel etc.. You have the full control of your money. This is the pure freedom to me.

The real purpose of Bitcoin that is control and anonymity, is what actually brought me to this community initially. I was kind of upset with the reversible payments and disputes that used to happen in PayPal and Payza(a company closed now but was quite popular those days). I started using Liberty reserve that time but it wasn't for long either and then I got to know about Bitcoin briefly. Although confusing in the beginning, I loved the irreversible and anonymous nature of bitcoins.

A lot of people believe that bitcoin was made to make an average individual rich but that's not true but it's just a bi-product of the actual purpose. With popularity came the demand for Bitcoins and that helped the price.

[ShowOff]

A lot of people believe that bitcoin was made to make an average individual rich but that's not true but it's just a bi-product of the actual purpose. With popularity came the demand for Bitcoins and that helped the price.

The main function of bitcoin is as a currency or means of payment that adopts many different innovations from fiat currencies. One of the things that bitcoin offers is decentralization and transparency where no single entity can control the network including the government. Bitcoin is completely worthless if no one is interested in owning it and trading it. Bitcoin is a community owned asset whose price is determined by supply and demand. As far as bitcoin has value, people are free to think that bitcoin allows them to make huge profits and make them rich by raising the price. But they should not ignore the risk.

[Sanugarid]

For me it's the same, if you have more money then you're more free to do what you want as long as it's moral and with in the boundaries of the law. It's not that good that we invalidate people that wants to get rich with bitcoin or any cryptocurrencies for that matter, they want to be able to buy anything they need and want, isn't that freedom too?

[CLS63]

This is so true. Bitcoin's main goal has never been to make some people or all people rich. And it will never be. Bitcoin has a completely different system compared to fiat currencies like dollar, euro etc.. It gives someone the freedom of managing their funds completely. You are your own bank when it comes to Bitcoin. You don't ever need someone to help you about an action to take like it is happening for bank customers. You manage all of your actions.

However, governments started to regulate cryptocurrencies and they started gaining control over people's transactions. From now on, people can't make transactions completely anonymously in some countries. This prevents people's freedom to use Bitcoin in the way they want. I know that governments want to prevent some people from laundering money via cryptocurrencies. But they are harming one of Bitcoin's main features also.

[Cling18]

I agree. The main goal of Bitcoin is not to make anyone rich. But some people still think in that way. And it stems from lacking enough knowledge about Bitcoin. Bitcoin's main goal is to help you do whatever you want with a cryptocurrency. You are free to do whatever you like. But now, governments are planning to restrict this with regulations. And it means that Bitcoin can lose one of its main features which are anonymity for example.

If a person believes that Bitcoin could make him instantly rich, then he's on the wrong track. It will surely make him create his own big expectations on it without knowing how Bitcoin really works as an investment. It needs a long process of learning and understanding since Bitcoin investment has a huge risk due to its volatility. Bitcoin  ould make you gain a good profit but it will surely take a long time.

[Davidvictorson]

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?

Someone said it’s a “poor-avoidance scheme” or another person sees it as, “a get-rich gradually scheme”. To all of these, I agree. On the other hand, we should stop telling folks the purpose of bitcoin. I mean, it means a lot of things to different people which is totally find. Folks should be left to develop their own operational objective.

[Bollexz1]

You're fantastically right. And my government tried everything in their power to have it scrapped but its obvious that bitcoin has developed beyond their old system of government.