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Author Topic: Getting rich or Financial jailbreak?  (Read 426 times)
Sobz
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Today at 01:44:38 PM
 #41

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.
The reason of having bitcoin can be because of financial value and it can also be as a result of the system. It is possible for bitcoin to get one rich but the idea of becoming rich quick doesn't exist. If people are willing to invest Bitcoin for a longterm and ready to stick to accumulate bitcoin irrespective of how slow it can be, it is possible yield a good results from bitcoin which can change ones financial state. Their is no doubt about bitcoin to make one get rich but the mindset of getting rich quick is impossible and it is very risky to invest in bitcoin with this mindset because it can cause more lose.

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Today at 01:50:24 PM
 #42

Bitcoin comes to us to teach us managing our financial and hiding from others. Besides of getting rich, we can hiding our wealth from others and no others see how rich we are. But the government don't like this and want to control their citizens so they can monitor their citizen wealth to many reasons. So it is about privacy that we have to our financial but back again, the government will not stop checking all of their citizens. We can't let ourselves from the system so we can just getting rich although we need to pay the consequences monitoring from the government.
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Today at 02:11:17 PM
 #43

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.
Different people have their reasons for choosing Bitcoin, Bitcoin serves different purposes, Bitcoin was created to serve as an alternative to fiat currency, and the idea behind Bitcoin as a digital asset is that it wouldn't have to be censored or control by anyone, we know how the paper called fiat is been controlled and printed by the government any how, they want it, making it inflationary that in turn reduces it purchasing power, some  people invest in Bitcoin for the profit only and nothing more, while some invest in Bitcoin to protect their wealth so that it can be valuable overtime, others invest in it as it serves as a hedge against inflation, and some see it as the best way to stay out the control of the government which you have already pointed out, but the good thing is that, there none of these reasons that is not important, what matters is individual preference in terms of what they plan to achieve on a long-term.

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Today at 02:13:54 PM
 #44

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.

We are not being manipulated by being introduced to bitcoin network, it is a choice we all have to make as long as we are no longer comfortable with the way the centralized financial system operates, then we can decide it to go for a decentralized digital network with bitcoin for our security and privacy, only those that knows what they are doing will not be affected because they must have learned the required procedures so how they should engage using Bitcoin in different applicable areas of the financial economy.
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Today at 02:44:40 PM
 #45

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.

My answer is both, the reason why i said the both is because bitcoin help us in those two ways, it helps us in escaping the system and also help us to get rich when we invest and trust the process, i know that it is not good to see bitcoin as something that guarantee to make someone rich, but most of us invest in bitcoin because we believe that bitcoin can change our lives the way it changes those who believe in it from the beginning. There many things that bitcoin has done, but the both questions you asked are what bitcoin does and there are other things that bitcoin have done.

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Today at 02:52:34 PM
 #46

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.
The main idea? Is to escape the loop.

Bitcoin gives us such freedom and I'm still surprised that till now we have some people who do not trust it. Is it that they prefer to be stuck in the loop or they are just scared that something might go wrong some day?

Bitcoin can make one rich, but it doesn't end there. That is simply the part we enjoy from having trust in a system that is not controlled by the government or the bank.

The only thing people needs to understand is that bitcoin will not just make you rich by investing, but by trusting the system for a long time to reward you.

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Today at 03:22:53 PM
 #47

Not everyone that choose Bitcoin wants to get rich through it, some are already wealthy but tend to maintain their wealth with it since it's a good store of value. For the rich or poor Bitcoin can serve whatever purpose they intend using it for but one thing is certain, it must be held for long term so you can achieve your purpose of choosing it as an investment option. I won't leave out self sovereignty cause controlling my money without any third-party is given.

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Today at 03:41:18 PM
 #48

I am not sure what it is for even me but it has to be getting out of the centralized banking system. I said I don't know because I can't use bitcoin anywhere as it is for now, even the nature of Bitcoin doesn't support every transaction and if possible we can do that for sake of trying it out, but is it really convenient with the existing system? Big no.

But atleast having an option to pay the other way will be good.

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Today at 03:41:57 PM
 #49

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.
The word "investment " has a common meaning for everyone with expected profits over a period of time, and that includes bitcoin as well. Financial freedom and seeing bitcoin as a get rich quick scheme are two different scenarios, everyone has a dream to become rich one way or the other but the process is what really matters.

People who see bitcoin as a get rich quick scheme have the wrong idea about bitcoin and would never get enough profits out of that investment due to impatience and lack of understanding of the bitcoin system.

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Today at 03:54:58 PM
 #50

Bitcoin investment is a slow, reliable and sustainable way to create valuable digital assets. Some people make the mistake of considering it as a means to get rich in a short time. Bitcoin is not primarily for trading, but it is a strategy to build wealth without taking too much risk. Since many of us are not familiar with the long term process, it may not seem easy at first, but start accumulation Bitcoin through discretionary income and you will see that it has become an easy investment.

We have no chance to escape from the traditional financial system. We will never be able to break the old financial system because the government is against us. We can only change our strategy. We can accumulate Bitcoin regularly instead of fiat savings. We can expect high returns after reaching the over accumulation stage at the end of the long term accumulation.
People who always live in hype or have dreams or want to get rich quickly run behind things that give them hope of fulfilling their desires, but it never happens or bursts quickly; it gives them setbacks, and they face consequences as well. Always trying to live in the real world helps to do practical work and get things done, which brings good ways of life, and also helps to have enough things in life, which makes it easier.
Many done good tactics and have enough funds for life changer thanks to bitcoin but now its have other features to help for spending life on good way never try to quick rich now through any scheme because these are always ended on worst and never give any positive reply long term strategy is having enough to stay good accumulation and then having its right use will surely helpful.

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Today at 04:03:02 PM
 #51

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.

We cannot escape the system set up by the government unless we move to a place with no government at all.  From our birth till our death, our data has been compiled by the government and mostly all our financial movement is recorded and kept by the bureau that deals with finance and statistics.

Bitcoin can somehow cover our financial record if and only if our Bitcoin never touches centralized exchanges and the Bitcoin wallet we use has never touched a centralized platform that requires KYC.

So I think whether Bitcoin is our escape rope from the centralized system is dependent on how we transact with our Bitcoin. 

If one is does not care about escaping the system, Bitcoin is not all about getting rich, it is also about boundless transactions without a third party.
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Today at 04:34:05 PM
 #52

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.
Some people invest in Bitcoin, simply because they just want to explore how the new financial system works. Because if getting rich with Bitcoin was the primary aim behind It's adoption, then I doubt the likes of "Laszlo Hanyecz" who traded it with pizza would have had interest in it long time ago, simply because it had no reasonable value. So apart from the goal of getting rich with Bitcoin, other goals include having full control over your funds, being able to transact across borders, because not everybody likes a scenario whereby your bank account could get restricted by bank, hence preventing you access to funds.

 
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Today at 04:53:41 PM
 #53

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.
Becoming rich is way.... beyond just making a million dollars from a lucky investment. It involves a good financial knowledge on wealth management and building.

Two individuals can be working in the same firm, earning the same amount, but 1 can end up more financially stable than the other because of their lifestyle, mentality, and economical discipline. So, being "rich" involves more than a single investment. We should also know that most time, luck is involved.


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.
In as much as a whole lot of us will claim that "Bitcoin helps us escape the government", this is not exactly true. Unless you're a very successful miner, you still have to put in the work in real life to earn, you still have to spend your coins and off-ramp to fiat, you still have to live in the society. Bitcoin can make you have full custody and control of your coin, but you can't really escape; Bitcoin itself is still regulated by the government, so I don't believe the "escape" theory one bit.

I can say it provides so shield, opportunity and a little bit of hedge over the economy and government; but not to escape.

For me, Bitcoin is all about getting rich one day. If I keep investing with good strategy, I might just make it big one day—it creates that opportunity for me.

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Today at 05:17:29 PM
 #54

I guess that most people who invest in Bitcoin do it to make a profit, because Bitcoin has the potential for that.. but not all of those people aim to escape the banking system.. that's why nowadays there are a lot of people who invest in Bitcoin, but not in their own wallets, they prefer to use ETFs or put it on an exchange.. because for them, Bitcoin is an investment asset that can generate profits for them, not a tool for becoming financially independent from the banking system.

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