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fruktik
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February 17, 2025, 05:17:32 AM |
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But through Bitcoin, we learn how to save or accumulate it and then wait for the right time to sell and make a lot of profits, rinse and repeat. I do agree that fiat will still be there no matter what, but at least with Bitcoin, we have learn a lot from financial perspectives and we are making some decent profits from it thru holding and investing on it for the long term.
What was the reason before? Why weren't you interested in investing? There's a lot of information on this topic on the Internet. Personally, I started paying attention to it when I read Kiyosaki's book a long time ago. It really got me hooked. Since then, I started learning what and how. I even tried to create my own investment portfolio when I had no money for it, but I started saving. A lot of time has passed since then, and I still continue to move in this direction. Yes, of course, there were many trials and errors, but I don't give up.
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Zoomic
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February 17, 2025, 05:04:13 PM |
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Using BTC gives you the financial freedom to transact globally
There is a clear difference between financial freedom and the freedom to transact globally. The term "financial freedom" does not in any way imply the ability to carry out transactions with ease, as you are insinuating in your post. It is rather a state of having more than enough wealth that you don't have to worry about when the next income will come or how you spend money. To attain financial freedom, you need more, even more than just Bitcoin to achieve that. So, the term I have highlighted in the quote above is incorrect. ,BTC provides economic stability and Newfound freedoms to the world making it true game-chaging technology.
It is the duty of the government to provide economic stability by creating jobs and providing some basic amenities for it's people. The government need to come up with good economic policies to make the economy stable. It is not the duty of bitcoin. With or without bitcoin, bad government policies will crumble the economy.
Bitcoin is an amazing asset, but we should try not to overhype it by attributing roles, duties and responsibilities to it that are not true
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Sticky Bomb
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February 17, 2025, 06:45:38 PM |
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Bitcoin makes it possible to make transaction globally all at your home but not a financial freedom. Financial freedom is when you can live comfortably without depending on any job.
It's possible to give you financial freedom. Most of those who bought Bitcoin many years ago when it was still relatively very cheap may not need to work today if they choose since they can live off their investment. If you can accumulate Bitcoin with a long-term plan during your active years at work, chances are that your investment can give you financial freedom upon retirement. So it's very much possible although on the inclination of a fair gamble on compounding interest on investment from Bitcoin price appreciation on a long-term holding plan(10 - 30 years or more).
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mvdheuvel1983
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February 17, 2025, 07:09:26 PM |
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And I still don't understand what financial freedom has to do with it? What does it have to do with Bitcoin? Bitcoin is just an electronic payment system that uses the coin of the same name to conduct transactions. The author of the topic should look into the issue in more detail, and only then create a similar topic that does not correspond in any way to the facts that are presented in it. And how much more of this misunderstanding will there be? Is it really so difficult to go through the forum and study the material in more detail?
Have you tried to make transaction and somehow they told you that you have exceeded your limits or just one funny excuse as to why you cannot make that transaction? Have you been in a situation whereby you have money in your bank account but due to one thing or the other, your account was placed on post no debit? If you have experienced any of these, I'm sure you will understand when they say that Bitcoin is freedom. Bitcoin transactions have no third party to tell you how to access your money or give you too many conditions. That is the freedom the OP is talking about. This is a comprehensive example to what freedom implies when it comes to the original purpose of Bitcoin existence, the introduction of Bitcoin aims at giving no excuses to why you can not conveniently carry out your transactions without visiting anyone for assistance or taking permission as we see happening in fiat transactions. Your financial liberty is assured if you take advantage to invest for a long term and you have no one to control you on how to spend, save or run your transactions just the way you intend, Bitcoin also gives you total access and control of your funds, you need no one to access your funds when you can do it anytime any anywhere you are this is the original reason for the introduction of Bitcoin in the world the government is aware but they are against Bitcoin because of their inability to have control of Bitcoin transactions.
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red4slash
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February 17, 2025, 08:01:51 PM |
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For me something like this is not wrong because for now apart from the purpose of bitcoin which is still the same where bitcoin wants to be free without the intervention of others, transparency which has always been an advantage and decentralization which has always been the main focus but on the other hand for now we must be aware that the movement of bitcoin in terms of value always shows good profit progress so that many people make this as a future investment because of its value to support their own version of financial freedom.
Financial freedom itself for me is when we can do anything including shopping for anything without the need to think about prices and without the need to feel our money is not enough and currently something like that is possible to get when we invest in bitcoin because of its profit progress which is still very worth it. So it is not wrong when some people make bitcoin a tool to support their respective versions of financial freedom.
Do you know what is the most important thing in all of this? What do you think? I will answer these questions for you. The most important thing is not to get lost in all of this. You think that Bitcoin gives a lot to our community and to the whole world, but make no mistake about it. This is just an illusion that is supported by those who want to believe in it with every fiber of their soul. Yes, for everyone this will be some kind of radical discovery, but look at this world with a sober look. The question immediately arises? And who owns a large number of these coins? Is it really some little man who just got lucky one fine day and luck turned his face? Grabbed the bird of happiness by the tail. Funny? Me too... Don't be such a naive person. I don't care whether bitcoin has an impact on the whole world or not because in the end I just do what I want and believe in. I believe in bitcoin and the impact that bitcoin has had on the economic development that I have today is so significant that when talking about my version of financial freedom then it will make sense because I feel the impact that bitcoin has had. As for those who have a large number of coins or those who try to control bitcoin so that it can be manipulated in such a way we certainly know what the answer is even though maybe this will still be debated. No, of course I will not consider your remarks radical because after all we are free to express and believe in something including bitcoin because in the end we have our own goals regardless of whether we believe in bitcoin or not it returns to ourselves so that in the end even though we differ with the thought of bitcoin but of course we cannot consider people who have different choices of beliefs about bitcoin wrong because all have their own arguments and that is not wrong because the choice of something for investment including bitcoin or anything else depends on each person in the end.
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Asiska02
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February 17, 2025, 08:24:13 PM |
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Using BTC gives you the financial freedom to transact globally,BTC provides economic stability and Newfound freedoms to the world making it true game-chaging technology.
Bitcoin has a lot of edge in todays financial market but it doesn’t give financial freedom as you envision it but can serve an important path towards financial freedom which can be achieved through investment in it. Financial freedom is just beyond holding bitcoin but also having the leverage to use money anytime you want it to afford anything you want at anytime. Bitcoin can be used to transact globally that is assured and that has made it gotten an edge over the fiat method sending of money which requires involvement of third parties before getting it done.
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Huppercase
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February 17, 2025, 09:19:33 PM |
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Using BTC gives you the financial freedom to transact globally,BTC provides economic stability and Newfound freedoms to the world making it true game-chaging technology.
Bitcoin is everything because Bitcoin gives you all you want but do Bitcoin really gives financial freedom? This is perhaps for people that bought early, people that bought Bitcoin recently might have missed the game because you can't tell me you will have financial freedom with Bitcoin with little amount of money. You need money to make more financial freedom through Bitcoin unlike back then when the price used to be around some hundreds of dollars. The reason why you see many people buy altcoins now is because they have missed buying of Bitcoin, it's not because they don't like Bitcoin, it's because the game change is no longer there. How many people can become a millionaire with small amount of money from Bitcoin, there is no game charging in Bitcoin again, that has gone back to altcoins even though it's not all of then do perform better, do you know how much Bitcoin is supposed to do for you to make a huge money.
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_BlackStar
Legendary
Offline
Activity: 1750
Merit: 1297
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February 17, 2025, 10:32:11 PM |
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-snip-
Bitcoin is everything because Bitcoin gives you all you want but do Bitcoin really gives financial freedom? This is perhaps for people that bought early, people that bought Bitcoin recently might have missed the game because you can't tell me you will have financial freedom with Bitcoin with little amount of money. You need money to make more financial freedom through Bitcoin unlike back then when the price used to be around some hundreds of dollars. The reason why you see many people buy altcoins now is because they have missed buying of Bitcoin, it's not because they don't like Bitcoin, it's because the game change is no longer there. How many people can become a millionaire with small amount of money from Bitcoin, there is no game charging in Bitcoin again, that has gone back to altcoins even though it's not all of then do perform better, do you know how much Bitcoin is supposed to do for you to make a huge money. In general, financial freedom is defined as a condition where a person has achieved stable financial condition. Being financially stable is of course when you can manage your expenses and income without problems and you no longer depend on your monthly income to meet your living needs. This means that you already have enough money [savings/investments in any form] so that you will not have problems when your needs increase. This financial freedom can be achieved in several steps - this includes investing and diversifying your income where only part of it is used to meet your needs. Most investors or holders who bought bitcoin throughout 2022 to 2023 have actually also received large returns. If they buy a lot - then they have also gained financial freedom as expected, meaning they don't have to invest in altcoins and change the game. If you believe in bitcoin in the long term - then you will buy bitcoin in larger portions even if you like diversification into other assets.
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fruktik
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February 18, 2025, 04:59:17 AM |
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This is a comprehensive example to what freedom implies when it comes to the original purpose of Bitcoin existence, the introduction of Bitcoin aims at giving no excuses to why you can not conveniently carry out your transactions without visiting anyone for assistance or taking permission as we see happening in fiat transactions. Your financial liberty is assured if you take advantage to invest for a long term and you have no one to control you on how to spend, save or run your transactions just the way you intend, Bitcoin also gives you total access and control of your funds, you need no one to access your funds when you can do it anytime any anywhere you are this is the original reason for the introduction of Bitcoin in the world the government is aware but they are against Bitcoin because of their inability to have control of Bitcoin transactions.
What's the point of having bitcoin in your wallet if you can't pay with it directly in stores in many countries? Well, what kind of freedom are we talking about then? Most likely, it's more trouble than it's useful and effective. Yes, there is an option to exchange it, but it will take time, which can be inconvenient when you need to make a payment urgently. It's a bit of an occupation. I don't argue that bitcoin has many advantages, but it also has disadvantages. Isn't that so?
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Zanab247
Sr. Member
  
Online
Activity: 1890
Merit: 306
Free your mind
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February 18, 2025, 05:29:57 PM |
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Using BTC gives you the financial freedom to transact globally,BTC provides economic stability and Newfound freedoms to the world making it true game-chaging technology.
I agree with you, that BTC will give you financial freedom, but you must have the knowledge of BTC which is part of some of the things that is making people to involve in BTC investment, and you can introduce it to your business by accepting BTC as payment and start boosting your profits that will make you wealthy. For those counties that made BTC a legal tender some years back, it has improved their economy that is making the majority of their youths to have somethings tangible doing to eliminate unemployment from their various environment. Nothing like 3rd party in BTC transaction, and it will be successful with so much proof of the payment transaction.
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Accardo
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February 18, 2025, 05:32:40 PM |
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Using BTC gives you the financial freedom to transact globally,BTC provides economic stability and Newfound freedoms to the world making it true game-chaging technology.
Bitcoin has a lot of edge in todays financial market but it doesn’t give financial freedom as you envision it but can serve an important path towards financial freedom which can be achieved through investment in it. Financial freedom is just beyond holding bitcoin but also having the leverage to use money anytime you want it to afford anything you want at anytime. Bitcoin can be used to transact globally that is assured and that has made it gotten an edge over the fiat method sending of money which requires involvement of third parties before getting it done. The early players in Bitcoin investment did hit financial freedom, they could afford anything isn't it? Although the path is not simple they had to wait through tough times, ups and down, like anyother business or ventures. As for the purpose of Bitcoin; peer to peer transactions, it hand in some form of power to users to be their own bank. Being in control of something is somewhat a form of freedom, and liberty.
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