What problems had bitcoin investion solved for you till today?

[ZaryBee]

Bitcoin solved two problems in my life, the first one is total control over my money after facing some freak behaviour from my bank and I battled through it, I never want to feel that way anymore, they treated me like they did me favour for helping to keep my money, they sat on my money like it's theirs and they pushed me around, I got so angry and quit using the bank.

Bitcoin just came in at that perfect time and I gave up on centralisation completely, the second solution that Bitcoin provides is about my life, I escaped the 9 to 5 matrix everyday, I was fortunate to found Bitcoin very early and I made some good amount of money, all thanks to Bitcoin, I build a farm too and have a better life, something I can never have if Bitcoin never existed, I said this because of the situation of my country.

Having full control over your own money is really a big deal, especially if you had bad experience with banks. thats one of the strongest use cases of bitcoin and yeah, for some people it really changed their life financially, especially those who got in early. Not everyone gets that same result but it shows whats possible. I mean for me, bitcoin solves more of the freedon and control side, and the profit part is like a bonus if you manage it well.

[Queen uloma]

Personally I used to get payment for my freelance work in paypal but there were always cases where clients took the money back by dispute even after I delivered work. What other problems has bitcoin solved for you ?

Bitcoin has really saved me from the stress of going to the bank to line up in the queue. It has also helped me to receive money from other country, banks usually delay and they always take heavy charges. While in bitcoin there’s no border issues it’s just same process everywhere. It has also saved me from unnecessary restrictions, banks can just stay on it own and block someone’s account for no just reason but in bitcoin you’re in charge of your own money, nobody can block or freeze your account. Bitcoin transactions are very fast and reliable it doesn’t wait for 2 working days or all the rest, even if  it’s not instant, it’s still fast more than banks.

[Cossyblack]

Personally I used to get payment for my freelance work in paypal but there were always cases where clients took the money back by dispute even after I delivered work. What other problems has bitcoin solved for you ?

Bitcoin has been of great help to me.  As a store of value It has helped preserve my money against inflation. Inflation in my country is really going higher because of that I converted most of my savings in Fiat currency into Bitcoin to preserve the value my money. However aside from using it as a store of value, through bitcoin I can send and receive money from friends within and outside the country at a low fees. The stress of passing through banks procedures is solved as I can effect my transaction from the comfort of my home and at my own convinient time using bitcoin. I can send money smoothly without restrictions and network problems.

[KiaKia]

Finally have control over my money, there is no calling to report in the bank when I don't want to, I've literally turned my money into Bitcoin and I only swap back to fiat when I need some fiat, it's always the precise amount needed that I always exchange.


I have managed to make a lot of money taking profits on Bitcoin and buying back in a bear market just like what is happening presently, it's been a long time already and I can boldly say that I've done so well for myself.

Wonder how life would be like without my involvement with Bitcoin, even those who high degree aren't living the type of life that I am living today, I thank myself for believing in bitcoin while others are doubting.

[notocactus]

Finally have control over my money, there is no calling to report in the bank when I don't want to, I've literally turned my money into Bitcoin and I only swap back to fiat when I need some fiat, it's always the precise amount needed that I always exchange.

It is not exactly as swapping your bitcoin to fiat currency, you actually sell your bitcoin for fiat currency in different trade types, in cash, in person, peer to peer in bank transfer for example.

Swap is like for bitcoin to stablecoins or wrapped bitcoin tokens to stablecoins.

Bitcoin and Wrapped Bitcoin tokens are different.
Fiat currencies and stablecoins are different too.

The safe choices are Bitcoin and fiat currencies while Wrapped Bitcoin tokens and stablecoins are more risky.

[purple_sparkles]

Finally have control over my money, there is no calling to report in the bank when I don't want to, I've literally turned my money into Bitcoin and I only swap back to fiat when I need some fiat, it's always the precise amount needed that I always exchange.

It is not exactly as swapping your bitcoin to fiat currency, you actually sell your bitcoin for fiat currency in different trade types, in cash, in person, peer to peer in bank transfer for example.

Swap is like for bitcoin to stablecoins or wrapped bitcoin tokens to stablecoins.

Bitcoin and Wrapped Bitcoin tokens are different.
Fiat currencies and stablecoins are different too.

The safe choices are Bitcoin and fiat currencies while Wrapped Bitcoin tokens and stablecoins are more risky.

For me, bitcoin looks like one of the more reliable options for saving money and earning passively on my finances. No fiat currency with constant inflation offers such an opportunity, even if the money is kept in a bank deposit, inflation will eat up all the returns. And banks are a separate story, I would generally try to minimize interactions with them whenever possible.

[Bastketsrus]

Personally I used to get payment for my freelance work in paypal but there were always cases where clients took the money back by dispute even after I delivered work. What other problems has bitcoin solved for you ?

If someone wants to scam you in the first place, they won't agree to being paid in BTC. If they do, they still won't deliver in the end because it is easier to get scammed that way. But for the types of scams happening now, especially refund ones, BTC is the best option out there. I know how PayPal is when it comes to a single report, therefore I don't use it for anything except very small payments.

For bigger payments, we should always use banks, and PayPal has integrated a lot of banking options so you do not even have to be a PayPal user. You can ask the other party to send you funds to your bank if you want. But if BTC has already solved your problem, then never mind.

Yeah true, if someone wants to scam they will try anyway. But Bitcoin removes chargeback issues, which is why people prefer it, even for things like betting.

[Sammye3]

Personally I used to get payment for my freelance work in paypal but there were always cases where clients took the money back by dispute even after I delivered work. What other problems has bitcoin solved for you ?

Bitcoin has helped in receiving payments while making investments as well. Both are not supervised by the government and I have full control over my assets and the need for mutual interactions is not needed. In another sense, it does not disclose the details of the user in a way and provides security.

[tabas]

But Bitcoin removes chargeback issues, which is why people prefer it, even for things like betting.

But speaking betting, the casino still has the final way if they'll void or not the games that you bet on even if you have used Bitcoin in it. And for the usual transactions, that's what irreversibility is. There's no way for the sender to modify the transaction and it is as-is. Although there are scams that happens in BTC and that's the ignorance of the victim, others might think of it just because they're in BTC, they are automatically not going to be scammed. There's still the potential if they will neglect signs that they see for red flag.

[ZAINmalik75]

Personally I used to get payment for my freelance work in paypal but there were always cases where clients took the money back by dispute even after I delivered work. What other problems has bitcoin solved for you ?

That's not good to scam one who worked hard for you and instead of giving them tips or a bonus for their work, people online think they can do whatever they want just because they don't have to deal with others face to face, and they have been doing it for a long time and these freelancing platforms like Fiverr, etc., are used to give special previliages to buyer of a service don't know why but they don't listen to the sellers of a service.

Most of the clients don't agree to give payments in Bitcoin but if they agree to send in Bitcoin then the chances are very low that they will defraud you because they know they can't reverse the transaction. As a matter of fact if they are listening to your request of changing the method and agreeing with you, that's a green flag for me but payment is necassary. Freelancing platforms won't allow you to make deals outside of their sites so I don't know if you are getting clients from a site or from open market.

It had solved huge problems like sending money to anyone I want, purchasing online and making money using BTC.
By the way there is no word called "investion" it should be called investment.

[lionheart78]

But Bitcoin removes chargeback issues, which is why people prefer it, even for things like betting.

But speaking betting, the casino still has the final way if they'll void or not the games that you bet on even if you have used Bitcoin in it. And for the usual transactions, that's what irreversibility is. There's no way for the sender to modify the transaction and it is as-is. Although there are scams that happens in BTC and that's the ignorance of the victim, others might think of it just because they're in BTC, they are automatically not going to be scammed. There's still the potential if they will neglect signs that they see for red flag.

When we talk about charge back, I think it is the bank that has the final say, not the one on the receiving end.  So even with the casino, there is a chance for the bank to execute charge back when using fiat currency deposits if ever the sender use an underhand method to invalidate the transfer. 

This is fixed by Bitcoin since there is no intermediaries that influenced or control the trade, reason why chargeback is not available when Bitcoin is used in a transaction.

[tabas]

But speaking betting, the casino still has the final way if they'll void or not the games that you bet on even if you have used Bitcoin in it. And for the usual transactions, that's what irreversibility is. There's no way for the sender to modify the transaction and it is as-is. Although there are scams that happens in BTC and that's the ignorance of the victim, others might think of it just because they're in BTC, they are automatically not going to be scammed. There's still the potential if they will neglect signs that they see for red flag.

When we talk about charge back, I think it is the bank that has the final say, not the one on the receiving end.  So even with the casino, there is a chance for the bank to execute charge back when using fiat currency deposits if ever the sender use an underhand method to invalidate the transfer.  

This is fixed by Bitcoin since there is no intermediaries that influenced or control the trade, reason why chargeback is not available when Bitcoin is used in a transaction.

I think you're right, the charge back is done by the bank. If it's with the casinos for most of the fiat deposits and transactions.

It had solved huge problems like sending money to anyone I want, purchasing online and making money using BTC.

And making a mistake through sending is very rare because of the bitcoin wallet addresses are in different forms and have longer characters. Unless someone is going to do an off chain transaction through an exchange. It will be a different process.

[Hazink]

Bitcoin has helped in receiving payments while making investments as well. Both are not supervised by the government and I have full control over my assets and the need for mutual interactions is not needed. In another sense, it does not disclose the details of the user in a way and provides security.

Governments don't control Bitcoin and security and privacy are promoted, but that can be more effective if you buy Bitcoin from decentralized exchanges and not on centralized exchanges, where you will need to submit your documents before you make a purchase anything that has to do with the centralized exchange. Your details can be attached to the wallet used for receiving by the exchange.

[Iamgoat]

Personally I used to get payment for my freelance work in paypal but there were always cases where clients took the money back by dispute even after I delivered work. What other problems has bitcoin solved for you ?

Bitcoin has really saved me from the stress of going to the bank to line up in the queue. It has also helped me to receive money from other country, banks usually delay and they always take heavy charges. While in bitcoin there’s no border issues it’s just same process everywhere. It has also saved me from unnecessary restrictions, banks can just stay on it own and block someone’s account for no just reason but in bitcoin you’re in charge of your own money, nobody can block or freeze your account. Bitcoin transactions are very fast and reliable it doesn’t wait for 2 working days or all the rest, even if  it’s not instant, it’s still fast more than banks.

Going to the bank and queuing up in some way even reduced now because whatever will take you to the bank only it goes beyond the little normal things else whatever it is, you will be able to solve your problem with your Mobile bank apps but for banks to have evolved to thus stage, you still need to give all thanks to bitcoin and cryptocurrency in its overall. Without the invention of the cryptocurrency many banks won't be challenged to go into the level of competition and fight for relevance that they are currently going into and I know it will even get better in the years to come when bitcoin takes a new dimension. It is such kind of competitions we've been looking for and bitcoin has been able to put such into the fur.

[colinistheman]

Personally Bitcoin has completely solved two of my biggest problem

It gave me sovereignty on my money. No one can seize my money at will, can't freeze my money, can't even monitor how much I spend.

It has allowed me to beat inflation and do borderless transaction without any barrier. Therefore in countries where the value of money falls like crazy due to inflation, Bitcoin is the best tool to keep the value of your saving. And the trouble of sending money outside the country is almost non existent

The real beauty of Bitcoin is not just the profit you make, though early adopters gained huge. I would say the peace I get from keeping my keys to myself is the best for me

[maxreish]

Personally I used to get payment for my freelance work in paypal but there were always cases where clients took the money back by dispute even after I delivered work. What other problems has bitcoin solved for you ?

Ive been using bitcoin not just an investment itself but also using it as a payment method into investing to other assets like properties. Since bitcoin are already been open in my country and some compani3s are widely open for crypto payments, I am not worrying of using it as a payment. Though at times, the only problem was a the bitcoin's inflation rate. I have some alternative mode of payment.

[X-ray]

It solved pretty much the most painful point in modern finance which is borderless remittance, real sovereignty over your money, and last but not least hedge against inflation.

Bitcoin didn't get valued trillions for no reason, it actually solve real world problems that many of us are facing.

Can't imagine myself using paypal, getting chargebacks, and getting my money frozen out of the blue.

Bitcoin is a gift to this world of greedy finance corporation and untrusted middle men.

[jcojci]

Bitcoin solve my finance problem because I used Bitcoin as another investment which gives me more profit. I invested from a long time ago and have decent amount, that gives me a chance to profit from selling my Bitcoin at a high. I can used the money for survive and continue running my Bitcoin investment. This gives me more chances to collects and make more profit in the future. I don't use Bitcoin for payment for now as that is prohibited in my country so only use Bitcoin for investment is enough for me as I can make a profit.

[Makus]

Having a Bitcoin investment especially if you are an early adopter gives you financial freedom and even if you are doing other Jobs you don't have to rely on them, this is the advantage of having an investment. Even though you haven't benefitted from it yet you still have a chance in making this happen if you start today, it is better late than never. Bitcoin has not just solved my financial problems but it has also made some transactions easy for me. There are some things we across that requires Bitcoin transactions, having it in your possession makes it a lot easier. When we talk about financial freedom in Bitcoin we aren't just talking about having a steady source of income but this also implies that you have total control of your assets.

[Exitoral]

Bitcoin helped me years back to get money to buy a phone. I was in school and I needed a phone. My parents had no money. What I did was to use the little allowance I was sent, to buy binance coin BNB. That gave me profit to get myself a phone. So you see, if bitcoin hasn't come to be, I don't see any other cryptocurrency coming to light.

Another way bitcoin helped was the pave way for various other coin to come to light. I remember protecting my assets using USDT from naira devaluation.

I have never done cross border payment, so I can't relate to how it has improved that sector. But from what other people has shared, it really helped to shape the cross border payment industry.

In terms of how one control your own asset cryptocurrency has helped. Centralisation to decentralisation. Epic.

Most importantly, diversification of income.  Crypto helped in that aspect. More millionaires created by just trading cryptocurrency. So bitcoin shaped the aspect of new income generation.