Financial freedom in Bitcoin.

[BitBakerr1]

This na how Bitcoin they give financial freedom:

1. Na you go control your money.
With Bitcoin you go hold your own private key or pass key, no bank fit freeze your account or stop your transaction na you get total control.

2. Borderless Transactions.
You fit send Bitcoin to anybody for the world any time any day without needing approval.
Traditional banks they take days for international transfer but Bitcoin they work shape shape.

 3. No Government printing.
Government fit print more money and that thing fit cause inflation.
Bitcoin get fixed supply way be just 21 million coins so no one fit create more Bitcoin and since person no fit print more Bitcoin the value no fit reduce.

 4. Freedom From Restrictions.
For some countries like Nigeria banks them they limit how much money people fit transfer.
Bitcoin bypasses that limits with Bitcoin you fit send any amount of money without needing permission or any restrictions.

[Churchillvv]

You made 3 points here and those three are correct yet all at the same time are correct but however the last point only belongs to the category of Na you go Control your money. Rather than making its different point it falls in the category of one being in control of his or her finance, no spending limits, no receiving limit either and no third party control of your password or pin. They are all in one category of control.

of course this are known facts about bitcoin in terms of economic or financial fundamentals and are cherished by its users but are also not peculiar to only bitcoin since some one can just decide to remove limits from his or her bank but however, one specialty of bitcoin is that whatever happens you aren’t obligated to provide any form of KYC in other to have control of your funds that is special and hence decentralized brings that to us and make us value having a bigger percentage of our finance in bitcoin yet use fiat.

[Nathrixxx]

If you know about all these with bitcoin, then you have tried to an extent in understanding of what is necessary for you to start with in using the decentralized network, had it been that many who have spoken against Bitcoin already knew about this, maybe they wouldn't have been saying all they were saying and not invested, which ignorance is one of the reasons I don't seem to blame some and their negligence to learn about new trends.

[Donk1]

Yh I agree with you op ,I know most folks would say bitcoin has a high volatiity of ups  and downs and risky involved but still it's  certain that dey are missing the big picture because bitcoin is  the best hedge against inflation for Many currencies our Nigeria neria included .

basically bitcion has given we Nigeria's a lot but one thing it has given us back is our financial independence and rights to our money with no limitations just pure personal control that's just it...............

[Ruttoshi]

OP, everything wey you talk na true. However, shey you know say some people no even send how to use bitcoin the right way to give them the total freedom wey bitcoin suppose to give them because them no see the through value of decentralization since them dey after profit alone.

This na why some people still dey use third-party pservice store their bitcoin and give them their information to cast their identity. If you no use bitcoin for privacy, you no go really enjoy the freedom of bitcoin because government fit track you anytime.

[Obari]

If there’s anything I enjoy so m in about bitcoin and cryptocurrency in general is the seamless transactions across boarders and I also understand that there have been several means to receive and make international payments but trust me, bitcoin is doing exceedingly well.
And secondly the privacy associated with bitcoin is top notch, though government are trying to interfere which they are already doing, but with the proper knowledge, we can avoid all of these government interference.

Bitcoin don come to stay for we country and I go like if we focus on how to gather more of these coins because I no go lie, bitcoin don prove over time to be the hope of the common man.

[Joy- maker]

All this things you mentioned here about bitcoin @bitbakerr1 is not but the truth, and that's why we are advocating for the adoption of bitcoin, because bitcoin gave us the financial freedom that no financial institution nor government could give to us, with bitcoin you are fully incharge of your finances, you can also make transactions at any give time without restrictions. And secondly bitcoin make cross-border transactions more easier and faster compared to our normal traditional banking system of transferring money across borders. And there are many good good things to say about bitcoin, but few to be mentioned.

[Mr_Brilliant$]

This na how Bitcoin they give financial freedom:

1. Na you go control your money.
With Bitcoin you go hold your own private key or pass key, no bank fit freeze your account or stop your transaction na you get total control.

2. Borderless Transactions.
You fit send Bitcoin to anybody for the world any time any day without needing approval.
Traditional banks they take days for international transfer but Bitcoin they work shape shape.

 3. No Government printing.
Government fit print more money and that thing fit cause inflation.
Bitcoin get fixed supply way be just 21 million coins so no one fit create more Bitcoin and since person no fit print more Bitcoin the value no fit reduce.

 4. Freedom From Restrictions.
For some countries like Nigeria banks them they limit how much money people fit transfer.
Bitcoin bypasses that limits with Bitcoin you fit send any amount of money without needing permission or any restrictions.

The truth be say, Bitcoin really dey show people wetin financial freedom mean..  The first point alone carry weight, once you hold your own keys, na you get full control, nobody fit freeze or block you the way banks dey do sometimes..  And the borderless part, e dey make sense die, cos I remember how stressful and expensive international transfer dey be, meanwhile Bitcoin fit move sharp sharp without story.

The fixed supply na another strong point, because unlike fiat wey government dey print anyhow, Bitcoin no get that kain manipulation. Na why inflation no fit affect am the same way fiat dey suffer. And for restrictions, especially for countries like Naija wey banks dey place limit on how much you fit move, Bitcoin just free you from all that nonsense. This na why more people dey reason am seriously, e no just be investment, e dey change how we dey handle money completely…

[Josefjix]

Bitcoin na the most unique method of payment ever created in history that's not governed by anyone, e dey on en own without the control of any body, institutions or public agencies.
@Obari, there is no way government can destroy the use of Bitcoin in the country, e no easy, you fit destroy wetin big pass you?

Na truth people no know be say, and e still dey hard some people to believe am , na say, Bitcoin had come to stay, nothing go fit comot am, if you don't get, forget about it.

[fredericktaylor]

The whole world is gradually moving towards digital assets and Bitcoin is a digital currency and a decentralized asset that no country or government can control. Bitcoin transactions do not require intermediary, transactions can be made from anywhere, whenever you want, and there is no need to get permission from anyone legally specified. The big advantage of using Bitcoin is that you can control your wallet passkey independently, so you can control your own money without the need for a intermediary. I personally have not found all the facilities that I have received through Bitcoin transactions in any other digital currency. The use of Bitcoin is increasing all over the world over time and I hope it will double in the future.

[Shadiq]

Even transaction costs give you complete freedom. Bitcoin is a financial system that gives you freedom in all areas. Be it transactions or investments. The freedoms in terms of transactions are -

* No third party is required for transactions. Since it is a P2P transaction, you can transact freely.
* It is not controlled by any government or bank, so its supply is limited.
* In terms of transactions, the transaction amount is completely your freedom.
* Since there is no third party, all your information is safe with you.
* Freedom to determine transaction fees.
* Even you are completely free to spend Bitcoin or hold it for the long term.

This freedom is why Bitcoin has some problems. The main problem is that if your funds are lost, it cannot be recovered. Even many people use it freely for illegal purposes, which is not possible to control.

[Faazs]

Most people say Bitcoin equals financial freedom, but freedom ain’t free. We should also note that they are still active road block we should know and also strive to go past as we continue to evolve as a strong community.

✓Why $BTC = freedom:
- While Banks are closed? Bitcoin never sleeps.
- With  Borders? No borders bitcoin laughs at them.
- A 21M hard cap vs unlimited Transactions, No freezes, no gatekeepers, transactions to anyone, anywhere, anytime.

✓But don’t get it twisted, you still have to work through some hindrance because:
- Volatility will test your diamond hands.
- The Government hate what they can’t control.
- If you Lose your keys nah to dey cry be dat oh, say bye forever.
- we have to say not everyone is ready for self-sovereignty.

✓ Bitcoin is financial freedom, but only for those who are determined and strong willed enough to HODL through the chaos. Fiat slaves chase comfort, bitcoiners chase freedom and I choose to be free,,Bitcoin is the way and the light at the end of the tunnel.

[Ronsbit]

OP everything you have said release fits in to the benefits of one holding Bitcoin, there are lots of benefits aside these few you have mentioned here, you will agree with me that holding Bitcoin also gives the opportunity of one making profit as it increases in value because the volume you hold will also increase in value as well whenever the market is bullish. Also, you will be free from unnecessary charges from the banks which they deduct from account holders without any reasonable reasons and sometimes they deduct much more than they render services for. The decentralisation makes it more easier to control individually and no third parties involved in transactions. The last and not the least, it saves us from too much stress of running up and down the banks to rectify on issues or the other. With Bitcoin one is relaxed and has nothing to fear or worry about as long as they have their keys safe, secured and intact.

[SuperBitMan]

One important thing I love about being a Bitcoin investor is the financial freedom I get, now as an investor in Bitcoin or someone who has Bitcoin I don't have to fear any government policy that we reduce or cause inflation in our naira, a lot of people that are working in our country today especially those who are working abroad and being paid with Bitcoin I mean those who are staying in Nigeria and working in other countries through online, if not for Bitcoin when you work and you get paid the charges the bank will take from you we discourage you from continuing the work that you are doing but right now with bitcoin it is very easy to get paid from another country and it won't even waste time and the charges is very low some exchange don't even take money from you the freedom in Bitcoin is so cool.

[Obim34]

Your number 1 and 4 are correct if you don't rely on CEX to hold your coins.

Using centralized exchanges as where to hold your Bitcoin is the first calculated risk of putting your investment at risk, for privacy and security with your coin, choose cold storage which applies to the freedom in 1 and 4 outline.

Another benefits from Bitcoin is that it is an appreciative investment, you can get financial freedom from the profits made from your Bitcoin investment.

[abaeze]

3. No Government printing.
Government fit print more money and that thing fit cause inflation.

Nowadays, if people have the right knowledge, patience and a long-term plan about investment, then they can invest in Bitcoin. Banks deposit people's money or capital along with their privacy which depreciates by a certain amount of money every year, but here if they invest in Bitcoin, the money does not depreciate by a certain amount every year, rather it can increase by 10 to 20 times and their privacy is also maintained.

For example: Suppose a person keeps one lac naira in the bank for one year and another Hausa person invests the same amount in Bitcoin for one year, then after a year, it will be seen that inflation in Nigeria is very high, about 25% or more. This means that after a year, he will still have ₦100,000 in his hand. But the price of goods in the market will increase so much that it may take ₦125,000 or more to buy the same thing as before. So in reality, his purchasing power of money will decrease. But history has proven that investing in Bitcoin is safe in the long term and it can give a Hausa person a profit of up to 30%-40% after a year.

[Dareo]

On how Bitcoin provides financial freedom, you hit some excellent points. But to see the other side also is good, as:

• The power of self-custody is a gift that comes with its burden. In case you lose your private keys or seed phrase, you do not have a reset password feature. Bitcoin does not tolerate errors as a bank does. This is why, people end up storing in custodial wallets, which somewhat cancels the objective.
• Borderless payments have good intentions but as network congestion increases, transaction fees and confirmation times can soar high. In small amounts, this is not feasible, unless you implement solutions such as the Lightning Network, which is in its early stages of development.
• Fixed supply helps avoid inflation, yet it may generate volatility. Because Bitcoin is highly sensitive to demand and speculation, short-term investors will experience unpredictable fluctuations. That instability may be as hazardous to the low-income people as fiat inflation.
• Bypassing restrictions is useful, and it does not go unnoticed by governments. They already spy or censor crypto exchanges in certain countries, turning the process of cashing out more difficult. Complete freedom is real at the peer to peer rate, yet a conversion to the local currency may remain a bottleneck.

[Zigabel]

Your point they correct and dem make sense but I wan add say for that point wey you say no limit of transfer and receiving, e get some places wey e depend sha oh, e get some wallet wey you go dey use for going Bitcoin wey be say dem dey get limit to how much worth of Bitcoin you fit do at once, most especially if na for exchanges you dey try run the transactions, them get limit, you no fit just run any amount wey be sy you like. But apart from dat one, for normal non custodial wallet dem, I no too sure say restrictions dey for dat one.

This Borderless payment and sake of say government no fit interfere for your transactions na one power wey be say na advantage wey Bitcoin don give us but plenty pipo never really grab this opportunity we'll ne why dem go dey struggle to send or receive money and even government sef dey wish say dem fit find way make dem for fit dey control the whole mata make dia eyes for reach ground but Bitcoin no give dem dat power na why dem still dey struggle to accept am most times.

[GPVibes]

 4. Freedom From Restrictions.
For some countries like Nigeria banks them they limit how much money people fit transfer.
Bitcoin bypasses that limits with Bitcoin you fit send any amount of money without needing permission or any restrictions.

For those that are still wishing and saying banks will be receiving bitcoin or bitcoin will take over fiat, they need to see this side of the whole matter because that is surely what will happen especially in Nigeria. Even in other countries, their government still have control of how you are using money regards to inflation or deflation, so they will control you on your Bitcoin, that is limiting your financial transaction on your bitcoin just as you can't exceed certain amount of fiat transaction on certain account. That is the debacle of a central system. It controls your finance.

[justinlamode]

Truth be say them create Bitcoin to take make freedom possible and na all the things you mention be the way the freedom go take happen. The problem we get now be say government and people wey dey control the world no wan make we get this freedom na why them dey attack Bitcoin and privacy. They wan monitor everything wey we dey do na why them see Bitcoin as something wey no go allow them.