Can one achieve financial independence through crypto currency?

[Sayeds56]

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

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

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[mvdheuvel1983]

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

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

[hugeblack]

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

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

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

[bestcoins1]

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

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

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

[Husires]

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

A few months ago this topic was discussed: Is there a place in the world you could live like a king via sig campaigns?

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

[crwth]

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

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

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

[Smack That Ace]

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

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

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

[Sayeds56]

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

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

[bittraffic]

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

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

[Henrobakkara]

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

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

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

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

[KiaKia]

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

[palle11]

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

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

[maydna]

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

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

[uneng]

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

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

[visionE2]

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

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

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

[Oilacris]

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

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

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

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

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

[Jody.Drummer]

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

[coolcoinz]

They can also provide hedge against inflation and currency devaluation.

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

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

[Doan9269]

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

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

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

[boyptc]

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

A big yes.

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

This is the image that I've found though.



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