Getting rich or Financial jailbreak?

[Abu-Naim]

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

It is mostly to secure your future wealth. Over spending what you have on other things without having any investment can lead to hardship during your old age when you don’t have the power to hustle for more, if you have saved some through buying Bitcoin, you will have something to use then and it will enough because you will definitely be on profit and Bitcoin will save you the value of your investment.

The goal is not to make the money now or make it quick or anytime soon, it should be to have a saved plan for your future, because holding Bitcoin for short period of time is not profitable as holding for longer period of time.

[Agbamoni]

We all know that bitcoin isn't really a get-rich-quick scheme, but we can also agree that entering bitcoin is all about getting rich after years of trading and investing. It can be a slow process of wealth creation, but the idea of getting rich with bitcoin is always there.

There is much truth in this paragraph, but we should not forget that the intention is different. Many had the mindset of getting rich someday through Bitcoin, with few people having a different intention that has nothing to do with getting rich.

But for a lot of us here, my question is, is bitcoin all about getting rich or it's one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

Bitcoin is not all about getting rich. The main purpose was to escape the system, but it doesn't end there. Humans are never satisfied. So, if Bitcoin can afford more, which it does, we will also want to benefit from the other offers.

[Zigabel]

We all know that bitcoin isn't really a get-rich-quick scheme, but we can also agree that entering bitcoin is all about getting rich after years of trading and investing. It can be a slow process of wealth creation, but the idea of getting rich with bitcoin is always there.

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

Yes for some people it is primarily about getting rich quick or eventually getting rich after years and months of trading and investing in Bitcoin, so i agree with the point that the bottom line for many is to help them eventually get rich some day. then again there are others who beyond getting rich they have got another purpose and reason for which they have invested in Bitcoin. they Probably may be investing as a way of Holding value for their asset, they may also be doing it for the freedom from the systematic control of finance in our traditional financial system primarily. and again there are other set of people who are wealthy already and just need a way and means of wealth diversification and so they go ahead to get into Bitcoin as another way of diversifying their wealth. then there are another set of people who are into Bitcoin for the convenience of cross border transactions, all of this and more are various reasons and purposes for which different People get involved with Bitcoin.

At the end of the day, one thing is common amongst all of these set of persons, and that is the fact that they all drive at pursuing value for their money, they all get some level of value for their funds exploring Bitcoin for the various purposes for which they do.

[Soldroplet]

[Edited Out]

It is mostly to secure your future wealth. Over spending what you have on other things without having any investment can lead to hardship during your old age when you don’t have the power to hustle for more, if you have saved some through buying Bitcoin, you will have something to use then and it will enough because you will definitely be on profit and Bitcoin will save you the value of your investment.

The goal is not to make the money now or make it quick or anytime soon, it should be to have a saved plan for your future, because holding Bitcoin for short period of time is not profitable as holding for longer period of time.

The primary reason to purchase Bitcoin ought to be to save for the long-term, not for fast money. We tend to buy things that are generally not needed after a few days. Even if it is just a small portion of that amount that can be invested in Bitcoin on a regular basis, it can be a nice savings after just a few years.

More as you get older, you will not be able to make money with the same kind of work, therefore you should consider the future from now on. But I don't believe that it's a guaranteed money spinner, either, since Bitcoin's value tinkers around. Thus, it is more advantageous to purchase with cash that you don't need to withdraw if you are suddenly in need. This will ensure that you can keep it for a longer period without any fear of the market fluctuations.

[BlackHatCoiner]

I don't see Bitcoin as the path to becoming rich. Will it help me towards that direction? Yes. But I don't think it's neither sufficient nor required. Many people have become rich without Bitcoin.

Bitcoin is definitely more valuable as a tool to not get poor rather than get rich. The value is in escaping the inflation caused by fiat currency, and in having money no one can permit you to use. Self-sovereignty and inflation resistance are pretty much the selling points, in my opinion.

[Ucy]

The primary goal is to have an alternative to fiat and its features, which is why Bitcoin was created in the first place. What comes next after this is secondary. The primary goal is the foundation of Bitcoin, and it's far more important than the goal to become rich

Concerning the primary goal, Satoshi needed a system of currency that is controlled by its users/community, in order to eliminate or drastically reduce unilateral decisions by a small group or minority which often lead to abuses like currency debasement. He also made sure that transactions, regardless of origin and destination are cheap and hard to censor.
To make this things possible and easy you'll have to keep the system decentralized, p2p, permissionless, transparent, trustless, immutable, etc

[Orpichukwu]

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

You can call it or consider it however best suits you, but I can say it’s basically a system which was created as an alternative for anyone who doesn't want their finances to be controlled by the government. It's an asset that gives you total control and not where you take permission while trying to spend, at same time you can also be making profit not to the extent of taking you to the wealthy status from poor.

[freedomgo]

I don't see Bitcoin as the path to becoming rich. Will it help me towards that direction? Yes. But I don't think it's neither sufficient nor required. Many people have become rich without Bitcoin.

Bitcoin is never compulsory. You can always invest in bitcoin and take a good amount of risk management, or avoid bitcoin if you think that's not worthy of your funds. That's up to you actually. However, we can't stop from hearing those successful stories made from those early investors who continue to DCA bitcoin until at the present that they are certainly making massive profits. And if they continue to follow the same pattern, it won't be surprising that they will get rich in the process, especially if bitcoin will hit another all time high.

But if you want to get rich quick, don't just rely on bitcoin but diversify. Multiple investments bring multiple income.