Can one achieve financial independence through crypto currency?

[isaac_clarke22]

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

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

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

[stomachgrowls]

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

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

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

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

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

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

[Dr.Bitcoin_Strange]

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

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

[ringgo96]

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

[superman184]

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

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

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

[Ayers]

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

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

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

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

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

[alastantiger]

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

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

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

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

[Semar Mesem]

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

[Anonylz]

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

[Theones]

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

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

[isaac_clarke22]

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

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

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

~

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

[1SamuelTom]

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

[erep]

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

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

[CODE200]

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

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

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

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

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

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

[Joshapat]

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

[Bollexz1]

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

[slapper]

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

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

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

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

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

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

[Mauser]

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

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

[tabas]

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

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

[CageMabok]

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

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

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

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