Can owning 1 Bitcoin make you rich in 2023?

[jefflee777]

I came to know about Bitcoin as everyone here did it was from my friend. I was living as usual a life controlled by the government and its banks. I was not angry about my life, still I had the anger to be someone who can succeed.

I had somewhat good childhood but I always saw my parents struggling to get those fiat. It did saddened me as I saw my parents living a routine life and still did not enjoy it.

Now I know why they were always struggling to get the ends meet. I do not.know whether anyone here can relate to the same experience of my parents

When I understood the true potential of Bitcoin. I joined this forum as I am not someone who can spare the money required to invest for 1BTC.

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

# Please ignore my typo and spelling mistake.

Thanks!

I am SN I currently own 1.3 million coins and I am not a troll nor am I dead but here is a link to the genesis coins being moved on the blockchain as proof in case you do not believe in me...link here https://www.blockchain.com/explorer/addresses/btc/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

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[samcoin]

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

If you are still a child and thinking about investing in Bitcoin, I would like to congratulate you as you are on the right path. Bitcoin's price has risen a lot since its inception, but that doesn't deny that it will rise more in the future, and that's due to many facts, one of which, Bitcoin is still unknown for a large portion of the world's popularity. The second fact is that companies have just started buying it after it proved to be a survival boat. In addition, the market cap is very low compared with other investment assets, so the potential to grow is high.
Regarding the amount of Bitcoin needed to achieve financial freedom, I think 1 Bitcoin is a very reasonable amount, even at these prices, because $30k isn't an affordable amount of money for everyone and it's a lot of money for most of the world's population. Therefore, if you managed to collect 1 Bitcoin, I believe you would be rich. Maybe not this year as the bear market is still in play and the world is experiencing a financial crisis, but for the next 2 years, Bitcoin is one of the best things to invest in.

[coinerer]

When I understood the true potential of Bitcoin. I joined this forum as I am not someone who can spare the money required to invest for 1BTC.

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

Investing a full 1BTC bitcoin is not mandatory. you must first understand the risks of Bitcoin investment. and then decide how much investment you can afford. and then that should be your investment decision
Bitcoin is a decentralized digital currency.  So it will definitely give you financial freedom.  Meanwhile you can control as you wish where there is no limitation. But if you use fiat money then you can face various restrictions and bans from banks for more money and transactions whereas Bitcoin gives you complete freedom.

[panganib999]

Depends on where you live and how much stuff is from your area. For instance, in the Philippines 1 bitcoin is a huge amount, and there's a huge chunk of the population in that country that had never earned nor will ever earn that much. But in the states, you'd probably get laughed at for flaunting $30k.

Owning one would simply give you profit no matter what year it is, if it is possibility as the bottomline. Bitcoin has a limited supply and if demand would continue to increase, same thing would happen on its market value, meaning, profit. Making you rich? Depends on you view 'coz profit will be only limited to the market price of Bitcoin in this case, and if you think you could buy anything you would want to in such price as well, then you're good as rich (we have different viewpoint in the first place; some would go with luxury things to determine wealth, but some are just okay with the "minimum"). No one knows in the first place how much its value could reach, sky's the limit.

Point taken. Profit is profit as the copium huffers say. Although there's some truth to it. It's better to bank on and invest today rather than wait "Until the market's better" and completely miss out on important pumps and dips.

[molsewid]

I came to know about Bitcoin as everyone here did it was from my friend. I was living as usual a life controlled by the government and its banks. I was not angry about my life, still I had the anger to be someone who can succeed.

I had somewhat good childhood but I always saw my parents struggling to get those fiat. It did saddened me as I saw my parents living a routine life and still did not enjoy it.

Now I know why they were always struggling to get the ends meet. I do not.know whether anyone here can relate to the same experience of my parents

When I understood the true potential of Bitcoin. I joined this forum as I am not someone who can spare the money required to invest for 1BTC.

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

# Please ignore my typo and spelling mistake.

Thanks!

Having a 1 pc of bitcoin can make you rich of course because here in our country having that will consider you as one of the millionaire but then it is better to invest it so it can multiply but then we should know what we are doing because in a moment we can lose btc, when you are starting here in crypto it is kinda hard to get it if you have a limited amount of invest.

[Gianluca95]

I came to know about Bitcoin as everyone here did it was from my friend. I was living as usual a life controlled by the government and its banks. I was not angry about my life, still I had the anger to be someone who can succeed.

I had somewhat good childhood but I always saw my parents struggling to get those fiat. It did saddened me as I saw my parents living a routine life and still did not enjoy it.

Now I know why they were always struggling to get the ends meet. I do not.know whether anyone here can relate to the same experience of my parents

When I understood the true potential of Bitcoin. I joined this forum as I am not someone who can spare the money required to invest for 1BTC.

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

# Please ignore my typo and spelling mistake.

Thanks!

It is really difficult to say if you with 1 Bitcoin could be rich. Mainly it depends from what do you live. If you live in USA/Switzerland/Germany ecc. 30k dollars is not a big amount (also if we suppose that Bitcoin could reach

50k dollars during this years, 50k continues to not be a big amount), but if you live in some countries like Bangladesh, maybe 1 Bitcoin could be a life change for you. The only advice that I can give to you is to start to

work strong immediately and earn your first bitcoin as soon as possible, halving is near !

[WeThePe0ple]

But if 1 Bitcoin continues to be held until it reaches a higher price, let's say it can reach a new ATH above the price of $100k it will have a more expensive value.

But when it gets to 100k, it will likely happen because the federal reserve has turned on the money printer and 100k in 2025 will have the purchasing power of 30k a few years earlier.

BTC is a hedge against inflation. It protects the value that people posessed before the inflation. But I don't know if it makes them richer

[bangjoe]

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

My personal opinion about financial freedom from bitcoin is to avoid third parties as a depository and money transfer service that I have, avoid bank monitoring, payment for deposit services every month or year if I keep it in a bank, transactions that take a long time especially if want to make transactions with friends who are abroad, and I fully control the ownership of my money if I save it in bitcoins.
if I keep it in the bank it will be easy to detect the money that I have by the government and can be subject to wealth tax fees every year if money that meets the standard of excess wealth is required every year to pay even though I keep the money in the bank, the last one is the problem of inflation which makes my money less valuable if I keep it in the bank for a long time and many more.

[ItsCrafty]

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

Yes bitcoin can make you rich but if you have some knowledge about it and you avoid short term trading. Actually financial freedom will achieve only when you have to manage your money by yourself and you will be the owner of your money there will no other who can control it like that of government job where the control of salaries are in the hand of government but in the case of bitcoin you will have your own control over it.

If you owned just one dollar of bitcoin and hold it for prolong time you will achieve the best results because first a person should start investment with a minimum amount. Bitcoin can make a person wealthy and rich but the thing which is must is the active mind and knowledge of better time to take decision.

[abel1337]

I came to know about Bitcoin as everyone here did it was from my friend. I was living as usual a life controlled by the government and its banks. I was not angry about my life, still I had the anger to be someone who can succeed.

I had somewhat good childhood but I always saw my parents struggling to get those fiat. It did saddened me as I saw my parents living a routine life and still did not enjoy it.

Now I know why they were always struggling to get the ends meet. I do not.know whether anyone here can relate to the same experience of my parents

When I understood the true potential of Bitcoin. I joined this forum as I am not someone who can spare the money required to invest for 1BTC.

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

# Please ignore my typo and spelling mistake.

Thanks!

In my opinion owning one Bitcoin is enough to transform your life, if you manage it properly. If I would have 1 Bitcoin, I will hold 50% for long term and wait for its price to reach $ 1 Million. While it it seems a dream target, however Bitcoin has the potential to achieve such heights in coming years.

As for the remaining 50% Bitcoin, I will use my technical abilities to increase its quantity through swing trading.

Receiving one, Yes you can change your life depending on how will you manage the 1 bitcoin you have in you wallet. There are so much opportunity in this crypto space where you can use a part of your one whole bitcoin to create more profit. This way, you can sustain and recreate your one whole bitcoin and aim to wait for your dream $1 million in value and you still have money to make a profit in crypto currency. Moving smart and efficient is a must if you want to be rich, You can't be really rich by just doing nothing but waiting unless you are one of the earliest person in this space.

[dlightag]

Bitcoin to make you rich is sure, but not get rich quick, as you can see that technology or digital currency has come to take over, which is Bitcoin is the number one among the cryptocurrency industries, which holding 1BTC can make you rich as long having patient holding for a long time investment.

[Baoo]

To begin with, there is a plenty of people who are destitute and struggling with financial troubles but unfortunately the majority are not investing in themselves and they are not even looking for different ways to change their lives. In fact, I advise you OP to improve your personal development skills , it could be by reading and learning the business field you are into due to it is very essential nowadays to find multiple sources of funds instead of borrowing and drowning in debt and investing them in un guaranteed profit.

Furthermore, purchasing a large amount of Bitcoin will definitely make you wealthy depending on the quantity and your investment strategy , it is preferable to be a long term one due to current situation of market is kinda unstable despite we have seen a nice progress in previous days. However, buying 1 btc is not enough to make you rich and financial stable. For me, I would rather gain Bitcoin by doing some freelance jobs instead of converting my cash into it.

[JayTrain]

It's understandable that you want to achieve financial freedom and have a better life than what your parents had. Bitcoin can be a tool to help you achieve that, but it's important to remember that there are no guarantees in investing.  Financial freedom means having enough money to cover your expenses without relying on a 9-5 job or anyone else. Bitcoin has the potential to provide that kind of freedom, but it's not a guaranteed path to success.

[WillyAp]

In the country I choose to live in you buy a little more expensive food you are already rich. 

[posi]

. For me, I would rather gain Bitcoin by doing some freelance jobs instead of converting my cash into it.

If you are in financial difficulty, you should not use cash to invest in bitcoin because life needs should still take precedence over bitcoin. But if you're financially stable and have more than one savings, there's no reason not to convert your money into bitcoin. Holding too much cash or fiat is also not good for you in the long run, as inflation will eat away at your money. I am the opposite of you, I like to invest my money in bitcoin because I can be proactive with my money.

[Altryist]

If you are in financial difficulty, you should not use cash to invest in bitcoin because life needs should still take precedence over bitcoin. But if you're financially stable and have more than one savings, there's no reason not to convert your money into bitcoin. Holding too much cash or fiat is also not good for you in the long run, as inflation will eat away at your money. I am the opposite of you, I like to invest my money in bitcoin because I can be proactive with my money.

Money should work, this is true, if you manage to create capital, then you need to learn how to make it work and bring you income, ideally bitcoin should not be your only investment, try to distribute this money in several directions, this way you will protect yourself, since assets will be diverse and if something happens to one, then the rest will continue to work and generate income.

If bitcoin is a long-term investment, then some object that you rent out will bring you a monthly income, these will be diverse investments.

[yazher]

1 Bitcoin is expensive and if you hold it just for a few days or a month, you better not buy that kind of huge amount, instead just buy some small portion of it because you never know what will gonna happen and we are not in the bull runs season yet. Meaning you will experience a decrease in the price most of the time and if the money you used to buy it is needed to buy something, it will cost you a lot because sometimes the price will from 30% in just a matter of an hour and will recover after 2-3 months sometimes after a year. So be careful when making decisions like that unless the price of 1 bitcoin is nothing to you.

[blockman]

It's understandable that you want to achieve financial freedom and have a better life than what your parents had. Bitcoin can be a tool to help you achieve that, but it's important to remember that there are no guarantees in investing.  Financial freedom means having enough money to cover your expenses without relying on a 9-5 job or anyone else. Bitcoin has the potential to provide that kind of freedom, but it's not a guaranteed path to success.

That's right, the risk remains but the chances are too high that this is the right tool that someday will make someone financially free. But in able to achieve financial freedom, there will be a lot of things to be sacrificed for an individual to achieve it.
And one of them is to be disciplined in money management, frugal living, and able to save as much as he can. Also, avoid those late-night parties and nonsense subscriptions.
Those are just a few of what needed to be sacrificed for someone to achieve financial freedom because the money that will be spent there needs to get into an investment, into bitcoin and that shall give the confidence for someone who's aiming this goal and that's not impossible.

[Faisal2202]

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?
Thanks!

I think you should read the history of BTC origin, because back in 2008, there was recession and people faced hell lot of difficulties. If you were not in your conscious state in that time as i were not, because i was only of 7 years old.

You should read this brief explanation first. Secondly, You Should read this thread, in which you will understand why there was a need of currency that could provide financial freedom to middle class people because in 2008's financial crisis, the most effected category of peoples were middle class.

So, yes. BTC is a currency of financial freedom and you can make hell lot of money by acquiring BTC but in the long run. And you also asked if you acquire 1 BTC than can you become rich i must say, every person has different perception of richness some consider themselves rich at $50,000, some at $100,000. Everyone has their own richness level. I do not get to know what's your richness level but i can tell one thing that, at most Bitcoin can go for forty to fifty thousand dollars.

Now see for yourself that if your wealth level is in this range then you are rich otherwise not. But in the long run BTC has great potential to cross $100,000 easily. But it's not a financial advice you have to do your own research.

[wiss19]

Well, it basically depends on where you live and how much money is considered rich in your country/region. The definition of being rich is probably different for different people living in different parts of the world, so it's not really guessable if a person will be rich by having a certain amount of money if the place of their residence is unknown.

And financial freedom doesn't only mean having a lot of money, especially when it comes to Bitcoin. Financial freedom also means that you are totally free to spend your money anywhere you want without any restrictions or problems or being questioned by anyone, and by anyone I mean a central authority.