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Author Topic: Has Bitcoin Helped Create Big Changes In Your Life?  (Read 929 times)
Bread Winners (OP)
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August 22, 2023, 12:01:30 AM
 #1

Please do not assume I am asking if "you got really rich from BTC". For example, has Bitcoin/Crypto changed the way you shop, or earn weekly income? Has BTC helped you feel more optimistic and excited about the future? etc. I am getting started late compared to many others, but I see many great days ahead. Thanks for being here at the forum!

Has Bitcoin Helped Create Big Changes In Your Life?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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August 22, 2023, 12:10:27 AM
 #2

First, welcome to the forum, as you are barely a day old. If you plan on staying here long, I will advise you to familiarize yourself with how the forum works, starting with the rules and a lot more. You can use the search button in the top left corner for that. If you are also here for research data, you will really get an idea of the information that you seek.

Over to the main question: I just find this question similar to the one on my local board. In short, Bitcoin has changed the way I view the words "finance, earning, and asset." It has also been of great help to me in numerous ways. And about the earning part of it, yeah, I'm currently being paid in bitcoin every week, as the case may be, and I also get a few items for which I make payment using bitcoin.

R


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August 22, 2023, 12:35:50 AM
 #3

Please do not assume I am asking if "you got really rich from BTC". For example, has Bitcoin/Crypto changed the way you shop, or earn weekly income? Has BTC helped you feel more optimistic and excited about the future? etc. I am getting started late compared to many others, but I see many great days ahead.
If you don't deeply live with Bitcoin and cryptocurrency, no big change in your life but there are people who receive salary in Bitcoin / cryptocurrency so they will use what they received for long term holding as investment or use it for expense. With those people, blockchain technology, Bitcoin and cryptocurrency change their lifestyle in aspect of how they make spending.

It is not mandatory that they already got richer with Bitcoin / cryptocurrency, just how they replace cash, bank transfers by cryptocurrency transactions.

R


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August 22, 2023, 12:45:55 AM
 #4

Welcome to Bitcointalk.org. Just as the post above mine stated, since you’re new to the forum you should take your time to go through the rules of this forum before you proceed with anything so that you won’t end up making a mistake that will cost you your account or that will affect you in the long run. You can click here to check the rules out.

I am getting started late compared to many others, but I see many great days ahead. Thanks for being here at the forum!

It’s true that there are those that came when the price of bitcoin was worth nothing and go good profit for believing in the future of bitcoin but you should also know that It’s never too late to get involved with bitcoin and still make good profit from it, that is if you’re willing to learn and also understand how it works and not have the get rich quick mindset.

Quote
Has Bitcoin Helped Create Big Changes In Your Life?

In terms of knowledge, managing my finances, privacy and security, conducting proper research and also how to handle my investments, all has exponentially increased since when I came to Bitcointalk and also got to know bitcoin properly for what it is and getting rid of my previous mindset towards bitcoin.
Op, if you’re ready to learn then you’re going to get the best out of Bitcointalk but if you’re the type with a dogmatic mindset you won’t be able to get anything here.

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August 22, 2023, 01:29:05 AM
 #5

Welcome to the forum, brother! Most of the people here in the forum really benefited from Bitcoin; it helped their lives or even changed their lives because of it. Lots also here in the forum say that is their main income right now, and they just established a business as their other source of income, but the capital comes from Bitcoin. On my end, it really helped me financially ever since I was able to experience those things that I couldn't experience before because we were just poor people. That is why I am thankful for it for the past few years and also for the upcoming future.
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August 22, 2023, 02:40:39 AM
 #6

(....)

Has Bitcoin Helped Create Big Changes In Your Life?
Absolutely, first I was amazed by the technology behind Bitcoin, since I am into technology, let's say a tech guy, the way I look at the future became big especially when I was introduced to Bitcoin and my financial life.
By means of financial life, I have learned so many things because of Bitcoin like how money works, how the different market works, the government, and the bank, and how I am saving more money and became wise when spending.

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August 22, 2023, 03:06:29 AM
 #7



Has Bitcoin Helped Create Big Changes In Your Life?

Well, to be honest, I don't like a lot of people who exaggerate bitcoin or who are too fanatical about bitcoin and say outrageous things about bitcoin. But there is no denying that bitcoin has been helping a lot of people change their lives including me.

Since investing in bitcoin, I have not only improved financially, but also helped me realize the downsides and harms of banking and fiat. Bitcoin tells me about our knowledge of financial freedom or the importance of privacy, which governments have sought to hide from us for hundreds of years. I actually admit bitcoin has given me a completely different perspective on my life.

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August 22, 2023, 03:07:21 AM
 #8

Bitcoin has really changed my life in so many ways because I have gotten a lot of knowledge here on bitcoin blockchain network and how to go with my bitcoin journey without a problem. It has helped improve my financial status and I have achieved something great for adopting bitcoin. I am no longer scare of the nearest future because my bitcoin investment will take care of it. I no longer keep my funds in the bank anymore due to high rate of inflation in my country but rather,I convert it to bitcoin so that inflation wouldn't devalue my funds. I am planning on buying a house with bitcoin soon. Bitcoin is indeed a life changer.

R


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August 22, 2023, 03:17:36 AM
 #9

Welcome to Bitcointalk.

The answer is a big Yes. That's how I feel after passing through 2015 until now. Before that year, I didn't know anything about Bitcoin but started collecting satoshi after satoshi playing faucet. And it means a lot to me because from there, I learned to trade, invest in Bitcoin and gamble Grin

For sure is that I can earn money trading etc by using crypto and it is still going on today. I'm still optimistic and excited to face the future but still looking for other sources of income. Many people have proven this until they can get money from what they do in crypto.

You are not too late to start, especially now that the market is experiencing a decline. There are many predictions that in the next year or 2025, the price of Bitcoin will rise to a very high level. And if you start now, you have the opportunity to get big profits in the future.

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August 22, 2023, 03:37:53 AM
 #10

Besides the obvious financial benefit of number going up, Bitcoin is what got me to be totally hooked and interested in investing and finance in general, and anarcho-capitalist stuff. It was the perfect timing as I doubt I'd be interested in finance/investing in such an early stage of my life if it wasn't for some technological and financial advancement that is Bitcoin.

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Bd officer
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August 22, 2023, 04:12:02 AM
 #11

Has BTC helped you feel more optimistic and excited about the future? etc.
Yes of course I am optimistic bitcoin will go up in price in the future. Bitcoin will help fulfill dreams.

Quote
I am getting started late compared to many others, but I see many great days ahead.
Since you are a latecomer to Bitcoin, still if you invest and hold for a long period of time, you can expect to make huge profits in the future. Currently, the price of Bitcoin is slightly lower, you can buy and hold Bitcoin now if you want. You have to keep in mind that investing in Bitcoin is risky. And success cannot be achieved easily without taking risks.  If you want to succeed in Bitcoin, you have to invest with risk.

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August 22, 2023, 04:17:24 AM
 #12

The decentralization part of Bitcoin is the most important for me.

If I use bank and want to withdraw big amount of money, they will ask me some questions e.g. what's my job, how much I earn monthly, what's the purpose I withdraw my money, give some delay etc that will wasting my time.

But with Bitcoin, no one will interrupt me since I use decentralized exchange.
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August 22, 2023, 04:20:02 AM
 #13

Please do not assume I am asking if "you got really rich from BTC". For example, has Bitcoin/Crypto changed the way you shop, or earn weekly income? Has BTC helped you feel more optimistic and excited about the future? etc. I am getting started late compared to many others, but I see many great days ahead. Thanks for being here at the forum!

Has Bitcoin Helped Create Big Changes In Your Life?

Not really.

I have rarely paid directly with bitcoin. When I have wanted to buy something and use my satoshis it has usually been after converting to fiat money or buying gift cards. There have been a few times when the good or service I wanted to buy accepted payment in bitcoin and I paid with it.

It hasn't caused any big changes in my life.

It has caused me to be better off than if I had no bitcoin, yes, and I think I am gradually getting better as I accumulate more, but I don't feel like a big change, except sometimes in the bull market, but the last one was short-lived.

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August 22, 2023, 04:20:29 AM
 #14


The introduction of Bitcoin opened up the floodgate for the coming in of cryptocurrency into the global market hence we are witnessing the immense growth of this industry all over the world which means that all type and kind of digital assets mushroomed all over with the downside of scams and frauds also taking place. Always positive about this development, I am looking at Bitcoin as an available option for anyone looking at its potential and as a way to be a safe haven as we are witnessing in some countries experiencing runaway inflationary pressures. On a personal level, I am not yet rich with Bitcoin but one thing for sure it has become a major factor in my financial life which always brings me to my conviction that it is an empowering agent people can use for many uses.

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mk4
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August 22, 2023, 04:31:56 AM
 #15

The decentralization part of Bitcoin is the most important for me.

If I use bank and want to withdraw big amount of money, they will ask me some questions e.g. what's my job, how much I earn monthly, what's the purpose I withdraw my money, give some delay etc that will wasting my time.

But with Bitcoin, no one will interrupt me since I use decentralized exchange.

If you meant interruption in the crypto<->fiat process, then what you described doesn't rely mostly on Bitcoin's decentralization, but on the peer-to-peer nature of the DEX you're using. You can literally sell almost any half-decent centralized crypto on a p2p DEX and you'd achieve the same result.

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yudi09
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August 22, 2023, 04:44:36 AM
 #16

-snip-
I am getting started late compared to many others, but I see many great days ahead. Thanks for being here at the forum!
It's not too late as long as you have a strong desire to explore bitcoin because I once felt as if I was late compared to those who came a year earlier than me.

Has Bitcoin Helped Create Big Changes In Your Life?
Many changes have occurred and are helped because of bitcoin. I discovered a lot of new, broader knowledge because of bitcoin especially how money works and how I take advantage of market opportunities that I previously only knew on a small scale.
Before getting to know the world of bitcoin, for me people who work in banks are great people who understand well how money works and people who keep money in banks are classified as elite people, apparently all of that is not.

Since getting to know bitcoin, it turns out that there is a better system than a bank system that provides convenience and freedom in dealing with transactions. When I make a transaction, I don't have to queue like doing a queue at a bank.

R


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August 22, 2023, 05:05:07 AM
 #17

Yes it did. Bitcoin helped me to understand the financial system. Thanks to bitcoin, now I understand why having sound money is important. I learned a lot about technical analysis, stocks, commodities and bonds. I was probably going to study these topics anyway but bitcoin quickened the process so I can't thank bitcoin enough. The most important investment lesson I learned from bitcoin is, "dollar cost averaging". Investing on a monthly or weekly basis is the most fool-proof method to make money on the markets. Bitcoin also helped me to buy/sell some stuff which is normally impossible for me to buy/sell because of the payment method limitations. Bitcoin removes borders.

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August 22, 2023, 05:09:57 AM
 #18

Please do not assume I am asking if "you got really rich from BTC". For example, has Bitcoin/Crypto changed the way you shop, or earn weekly income? Has BTC helped you feel more optimistic and excited about the future? etc. I am getting started late compared to many others, but I see many great days ahead. Thanks for being here at the forum!

Has Bitcoin Helped Create Big Changes In Your Life?
As you said, many great days ahead, that's how others and I feel that have started first.
Being rich or not depends on how a person manages his money and the standard of being rich is different for everyone, so it's true that there's no need to question it.
Personally, I have experienced a very big change in myself after getting to know Bitcoin, the most influential is an increasingly optimistic mindset that in the future I will be able to do better and a lot.
It's not too late in my opinion, you can start in earnest and even make it possible for you to surpass many people.
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August 22, 2023, 05:26:48 AM
 #19

Yes, it completely changed the way I spend and also look at money. I have now started to "save" more money, because I have new goals to save for, namely financial freedom for my family.

Life has become so expensive with inflation skyrocketing and fuel prices going through the roof. The high interest on debt are killing the middle class and the rich are getting richer. (Bitcoin has been one of the only investments that killed inflation)  Wink

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August 22, 2023, 05:38:55 AM
 #20

Please do not assume I am asking if "you got really rich from BTC". For example, has Bitcoin/Crypto changed the way you shop, or earn weekly income? Has BTC helped you feel more optimistic and excited about the future? etc. I am getting started late compared to many others, but I see many great days ahead. Thanks for being here at the forum!

Has Bitcoin Helped Create Big Changes In Your Life?
Bitcoin has has not changed my life but improved it. My earnings are in BTC which means my financial life is stable now. But still in slight ups and dumps I have to face some difficulties but I am so optimistic about BTC that I bear the loss and remain still until market goes up. And always try to do DCA. Because DCA helps us to get more satoshies.

My thoughts about BTC are so optimistic and I think BTC is going to make another ATH in 2025. Now by the grace of Allah Almighty I managed to Invest my first $1k in BTC and now I will see how my investment will come out. Finger are still crossed but I did not played gamble here because I have good knowledge and TBH I am doing holding so I will be ok.

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