The Role of Bitcoin and Stablecoins in Securing Financial Freedom

[Joeboy]

Before anything else, make I first yarn wetin be financial freedom.
‎Financial freedom means the ability to protect your money(from either inflation or devaluation), grow am, and still get full control over am without depending on anybody or waiting for government policy.
‎Na here Bitcoin and stablecoins show their usefulness. Make we yarn small about how dem take fit help achieve am:
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‎✅ Bitcoin Na Long-Term Money Guard
‎Dem dey call Bitcoin “digital gold” because e dey digitally scarce. Na only "21 million" go ever dey, no more. Na dis scarcity dey make Bitcoin hold value and even dey rise with time, even though e dey shake sometimes. Anybody wey dey save for Bitcoin since like five years ago go confirm say e better pass any kind meme coin investment or just to dey save your money for bank in our local currency.
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‎✅ Stablecoins, The Tool for Stability
‎Stablecoins na crypto asset wey offer a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Stablecoins like the Tether (USDT), USD Coins(USDC), DAI etc., dey pegged to stable assets like gold or  U.S. dollar, meaning say their value no dey swing up and down like other cryptocurrency. Stablecoins make am easier for pesin to preserve the value of him money without worrying about inflation in his local currency, and also to sharpally send and receive money across borders.
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‎✅ Mixing Both for Better Financial Plan
‎To build beta financial freedom:
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‎Use Bitcoin for a long-term savings plan. Buy small small, hold am. And then keep some stablecoins for emergency, quick global payment or when you wan wait make market cool in cases of volatility. With Bitcoin and stablecoins, na you dey hold your mone, no man go fit freeze am, as long as you sabi secure your wallet (by keeping your private keys safe and then making use of a non- custodian cold hardware wallet).
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‎Like dis ehn, you go fit  protect your money and still dey give am chance to grow.

[Mehmet69]

@op . I agree with you. It is very important to pay attention to people's financial freedom today. In the current situation of the world economy, saving money in banks is very risky. The economies of 40% of the world are now in recession. In such a situation, the inflation rate is very high. So our own financial freedom is essential.

Bitcoin is the "sound money" of the future because its supply is limited. If we keep our money in Bitcoin instead of keeping it in the bank or in local currency, then over time we will get good returns. Because it does not have the inflation of the local currency of any country. Bitcoin has no inflation. This attracts investors in the long term. In the crypto world, there are many other meme coins along with Bitcoin, where if you invest in them, you will definitely lose. If we look at digital assets and invest in any currency, we will lose. So if we want to protect our own financial freedom, we have to invest in Bitcoin.

But if we invest in Bitcoin and cannot hold that investment for a while, then it is of no use. Therefore, we should also strengthen the emergency fund that we have to sustain our investment. If we keep the support money in local currency, then the amount of money decreases over time due to inflation. We should keep those backup funds in a stablecoin. (USDT), USD, DAI are becoming an international transaction system and a trusted financial haven.

So we all need to learn to use these two types of assets together. This will make our financial management independent. So we need to use Bitcoin for long-term savings and stablecoins for daily use.

[Adams0001]

‎Use Bitcoin for a long-term savings plan. Buy small small, hold am. And then keep some stablecoins for emergency, quick global payment or when you wan wait make market cool in cases of volatility. With Bitcoin and stablecoins, na you dey hold your mone, no man go fit freeze am, as long as you sabi secure your wallet (by keeping your private keys safe and then making use of a non- custodian cold hardware wallet).
‎
‎Like dis ehn, you go fit  protect your money and still dey give am chance to grow.

That is just the point, bitcoin is a long term project you need to invest on it for long term if you want to enjoy the benefits. Stablecoins are more for daily basis for payment or trading, saving your money in Bitcoin is more better then keeping it in the bank. Because bank don't add value to your funds they are the once that will be benefitting from you, when you keep your funds with them for too long. they can probably started putting there interest and telling you that is for maintenance. So he better make we dey used our head wisely to dey invest our funds on bitcoin that know one can get access or trying to steal your coin when you keep it safe and secure the wallet.

This days many people are not keeping there money in bank because of the bank interest and network issues, people have been using some mobile wallet like Opay, palmpay, kuda. because they don't used to put huge interest like other commercial banks they have limit, just 10# charge when withdrawn more then 10k+, but normal bank even if you withdraw 500# they most charge u. So mobile wallet is easy to access and do your transaction successfully. Investing in bitcoin give you freedom because no-one have the power to touch your coin except you give access to your private keys for them to achieve what you invest. That is why they says not your key not your coin. And stop saving your coin in exchange because they have the access to your coin and personal details. exchange is just for trading not for saving money, look for a strong wallet and keep your bitcoin investment and become freedom and access your coin anytime you wish.

[CryptoHeadlineNews]

With Bitcoin and stablecoins, na you dey hold your mone, no man go fit freeze am, as long as you sabi secure your wallet (by keeping your private keys safe and then making use of a non- custodian cold hardware wallet).
‎
‎Like dis ehn, you go fit  protect your money and still dey give am chance to grow.

Yes, na true talk say ever since the existence of Bitcoin as a decentralized digital currency, people have been given the privilege to now have full control over their funds now than before, including it's added advantage whereby it increases in value with respect to high demand due to it's limited supply and hedge to fiat inflation. So truly, Bitcoin is indeed the surest way to financial freedom and best avenue for securing our funds. Hence, the best advice I can always give newbies is to always make sure they invest in Bitcoin and always keep a spare stable coins that will be used for emergency funds.

[Marvelockg]

‎Like dis ehn, you go fit  protect your money and still dey give am chance to grow.

this is actually one of the good thing that holding bitcoin offers to investors. you are not just giving the privilege of being the one that is the custodian of your asset, you also get the privilege of seeing your asset growing even as you are holding unto it.  the fact that bitcoin has continued to get bullish has to a large extent shifted the narrative from bitcoin being just a coin that gives owners full control of their asset to a coin that stands to make holders more financially stable.

[Mate2237]

You made a very good point concerning securing your finances using crypto currency which generally is made of of Bitcoin which is the chief of the crypto community and altcoins as they servers as a very important investment tools that anyone who is interested in financial freedom will use in securing their future.


But how ever you made mention of investing in altcoins for short term basis even though this is generally correct you have to mention the dangers associated in investing in altcoins as they are highly volatile and unstable so just put it investing in crypto currency apart from bitcoin is risky because you may not get back your money when they fall in price and just to add altcoins that not like bitcoin that has a track record of bouncing back quickly after a fall in price as they may remain down for a prolonged period