If Bitcoin Gives You Financial Freedom,What Should You Be Willing to Give Up for

[Morayoam91]

Bitcoin can give us freedom, but investing in Bitcoin is not the end all.

Sometimes there will be times when you may feel like giving up if its price falls before you reach your target, but it is better to hold on to Bitcoin in the long run and always give up the desire to make a quick profit from it. Also, avoid FOMO (fear of missing out) – the fear that you are falling behind or missing out when everyone else is buying. Follow your plan.

It is not uncommon for the market to go up and down, so don’t make impulsive decisions and hold on even in difficult market conditions. Don’t deviate from your plan for a long time, as you may not get the opportunity to invest in the future. There is no guarantee that you will be able to invest in the same conditions in the future at the current Bitcoin price.

[Bitcoin-Forever]

Bitcoin already has it all about the opportunity for us to have financial freedom and also be profitable regarding our investment asset in it, determine how we are going to ensure we maximize every opportunity with bitcoin without missing out.

Attached to the right information source and knowing the right thing to do, there is no reason to justify giving up on Bitcoin investment, except that we don't even know what we are in for with the adoption in the first place.

[Karl_3000]

When talking about financial freedom, why are you talking about bitcoin? Bitcoin is not in the years that it was less than $1 or when the market value is small, bitcoin may not give people the financial freedom that they want. But bitcoin can preserve the value of your money and make it increase also, but make sure that you are into other things and do businesses so you can have financial freedom in your old age.

It is not uncommon for the market to go up and down, so don’t make impulsive decisions and hold on even in difficult market conditions. Don’t deviate from your plan for a long time, as you may not get the opportunity to invest in the future. There is no guarantee that you will be able to invest in the same conditions in the future at the current Bitcoin price.

If the price of bitcoin is falling, I really like it because since bitcoin price has been increasing, the amount of money that I am investing weekly has decreased. But if bitcoin fall just a little again, I have plans to buy little amount again. Anyone that is not preparing to continue holding or buying more bitcoin when the price is falling should not invest in the asset.

[Promocodeudo]

Bitcoin can give us freedom, but investing in Bitcoin is not the end all.

When we invest, continuity is is what follows and how do we continue by focusing on how to properly invest without planning to quit anytime soon, first we must take into consideration that Bitcoin is a long-term investment, no short cut whatever,  invest with what we can afford to lose consistently.

Sometimes there will be times when you may feel like giving up if its price falls before you reach your target, but it is better to hold on to Bitcoin in the long run and always give up the desire to make a quick profit from it. Also, avoid FOMO (fear of missing out) – the fear that you are falling behind or missing out when everyone else is buying. Follow your plan.

We can attribute ignorance as the reason why anyone will think of quitting when there's price shrink, those are normal thing that should be expected in the market, which should be seen as an opportunity to increase our portfolio, it is not supposed to put anyone in fear, as far as we are determined, we should get bothered about how much others has accumulated so far, it is not competition and wetin I know be say, make no body whyn us say we no go fit achieve a bulky portfolio gradually, e go take time no doubt but we go reach there some day so make we no do pass ourselves.

It is not uncommon for the market to go up and down, so don’t make impulsive decisions and hold on even in difficult market conditions. Don’t deviate from your plan for a long time, as you may not get the opportunity to invest in the future. There is no guarantee that you will be able to invest in the same conditions in the future at the current Bitcoin price.

Patience is one of the qualities every Bitcoiner should possess, we have to persevere no matter what, for me, I know that there is no road to success that's easy, which Bitcoin investment can never be an exception, Hence the day one plan is to accumulate and hodl for a long-term, nothing should deter us from that course.

[Hypnotizer]

-snip

Bitcoin gives you the financial freedom and doesn’t requires you to give up on anything actually.. you don’t need to “give up” on your desire to make profits from your investments for it to be successful, as far as you understand how everything works in the network then you wouldn’t lose hope when you see the price falling especially during the bear season and you can properly manage the risks, taking profits where necessary based on your investment plan or goals and buying more to continue holding.

Bitcoin’s volatility has been reducing lately, so anyone with a long-term goal that understands that bitcoin isn’t a rich quick scheme will find it easy to keep holding even when the price is falling.

When talking about financial freedom, why are you talking about bitcoin? Bitcoin is not in the years that it was less than $1 or when the market value is small, bitcoin may not give people the financial freedom that they want. But bitcoin can preserve the value of your money and make it increase also, but make sure that you are into other things and do businesses so you can have financial freedom in your old age.

Bitcoin can be considered as something that gives financial freedom to an extent, even though it wouldn’t necessarily makes you very huge returns at this point. Financial freedom isn’t only about having enough money, having control over your money is also a form of financial freedom.

[Cossyblack]

When we invest, continuity is is what follows and how do we continue by focusing on how to properly invest without planning to quit anytime soon, first we must take into consideration that Bitcoin is a long-term investment, no short cut whatever,  invest with what we can afford to lose consistently.

For me, consistency, patience, discipline and discretionary income are the key factors investors should take seriously when they are investing in bitcoin.  These key factors are so important that if one of them is neglected or not taken seriously could lead to an unhealthy bitcoin portfolio.  Many newbies investors don't consider these keys factors before they invest in bitcoin which might be because of the orientation or mindset they already have before they invest in bitcoin. This is why it is important for newbies to do their research about bitcoin first before they invest, so that they can gain the basic knowledge about bitcoin that will help them not to make mistakes and invest right.

[Coyster]

To be very honest, this is nothing new. And i am not really sure why you put it this way, but you are not giving up anything for it, because there is no legitimate investment that is a get-rich-quick scheme, so bitcoin just follows in that order.

It could be stocks, gold, real estate or even starting off a business, you'd have to be patient and lucky to get good return on investment. If people decide to buy bitcoin and suddenly start seeing it from a point of view of getting rich quickly, then it is on them and we have talked about it hundred of times already.

[Marvelockg]

It is not uncommon for the market to go up and down, so don’t make impulsive decisions and hold on even in difficult market conditions. Don’t deviate from your plan for a long time, as you may not get the opportunity to invest in the future. There is no guarantee that you will be able to invest in the same conditions in the future at the current Bitcoin price.

There are different kind of people that are in the bitcoin space. some are just after conversation that they are not practicing in real life while others have accepted that as long as the financial system is concerned, that the use of bitcoin is central in their financial decision. for the latter, it is not all about market trends or whether some fearful investors are selling off their asset just because the market is not favorable at the time.

Real enthusiast accepts bitcoin as their household name, hence it does not matter if the market is not favorable or whether it is favorable. they are always ready to go through it all not always for the sake of the eventual profit but for because they believe in the system upon which bitcoin is built on.

[Shadiq]

You may be talking about Bitcoin investment. Using Bitcoin and investing in Bitcoin are not the same. While using Bitcoin, Bitcoin gives you freedom, but it doesn't feel like we need to sacrifice anything.

In the field of investment, it is different. All investments require you to sacrifice and be patient. Since Bitcoin is a volatile asset, Bitcoin requires more patience and sacrifice than other assets. The more sacrifice and patience you are in Bitcoin investment, the higher your chances of success. In the field of investment, Bitcoin gives us various freedoms, such as privacy, freedom from the effects of inflation, self-custody and security, etc. We get the same kind of freedom in the case of using Bitcoin, but the amount of sacrifice is very low.

[DubemIfedigbo001]

Sometimes there will be times when you may feel like giving up if its price falls before you reach your target,

I don't fully understand what you mean here, Bitcoin Price is volatile which means it rises and falls constantly. If you're using DCA and going on Bitcoin for the long-term, them you'll experience series of price ups and downs, including the bull and bear seasons before you arrive at your accumulation target and/or the expiration of your holding period.

If you're referring to the bear seasons, then it's better viewed as an opportunity to buy more sats at lower prices and add to your portfolio, rather than a period to entertain FUD.

[devouring-DARKNESS]

I get the enthusiasm but you should know that just because you are accumulating bitcoin it doesn't automatically mean it will give you financial freedom, to even have a good chance at this you will have to accumulate to the point where you have enough bitcoin that when you've hit over accumulation your periodic withdrawal can actually be sustainable, I'm saying this because most people don't really know when they've hit over accumulation and this is because for an average Nigerian, getting to over accumulation can take up to 20 years of consistent accumulation, it's not easy work and during that time you will feel very far from financially free as far as bitcoin is concerned.

[CryptopreneurBrainboss]

It is not uncommon for the market to go up and down, so don’t make impulsive decisions and hold on even in difficult market conditions. Don’t deviate from your plan for a long time, as you may not get the opportunity to invest in the future. There is no guarantee that you will be able to invest in the same conditions in the future at the current Bitcoin price.

Wasting money should be what you should be giving up. If you want financial freedom then there's no way you should be wasting money today and yet still expecting tomorrow to be better. You can't eat your cake and have it back and so no dey waste money today. Become interested in investing in Bitcoin and do it like your life depends on it because it actually does, no dey second guess your decisions of investing in Bitcoin but keep putting more money in Bitcoin but of course it shouldn't stop you from having emergency money or money for others relevant things but as soon as you get extra, put them in Bitcoin and do that consistently then watch how the future rewards you. Delay gratification is very important for growing wealth, plant your seed instead of eating then before they'll be able to geminate and then you eat the fruits over and over again. People want to eat their seed and still have the fruits but we know that's impossible.

[Rruchi man]

When we invest, continuity is is what follows and how do we continue by focusing on how to properly invest without planning to quit anytime soon, first we must take into consideration that Bitcoin is a long-term investment, no short cut whatever,  invest with what we can afford to lose consistently.

For me, consistency, patience, discipline and discretionary income are the key factors investors should take seriously when they are investing in bitcoin.  These key factors are so important that if one of them is neglected or not taken seriously could lead to an unhealthy bitcoin portfolio.  

Many new investors don’t consider discretionary income, they plan only investment and put themselves under pressure with trying to meet up with the unplanned inessential and not reoccurring/ reoccurring expenses.

Discretionary income should be in the plan to make sure you are not under pressure to tamper with your investments after it has been made. We preach sacrifices a lot, but instead of eliminating inessential needs from budget, plan for them and adjust the percentage you are investing.

[Yorubek]

Bitcoin can give us freedom, but investing in Bitcoin is not the end all.

It is absolutely not right to decide to invest your wealth in Bitcoin. You will never get your specific planned profit by investing in Bitcoin because Bitcoin is unstable. From my point of view, you can only invest with the money that you can afford to lose, which will not cause you financial disaster, and maintain a specific plan and discipline. Do not get discouraged quickly. Use every opportunity with confidence and wait patiently for Bitcoin ATH, as a result of which you can get all the opportunities that come from Bitcoin. Remember that short-term plans can cause you financial losses by investing in Bitcoin, so it is reasonable to invest with a long-term plan.

[Cryptomultiplier]

The game and goal in sight should be long term strategy. It should be enough to keep emotional speculation at bay and enforce strict discipline with a consistent DCA strategy of investment.

This long term investment plan is enough to keep one focused on using a working budget that helps ignore daily noise and it helps one understand and safely use self custody that should protect one from scams, wrench attacks, hacks, theft and any pessimistic sentiments that may make one want to deep hands into the portfolio to liquidate the holdings to sort personal needs that should have already been properly planned for.

One should be willing to give up a luxurious lifestyle to hold a predefined system for long term that would help secure financial freedom.
Bitcoin isn't a get rich quick scheme and shouldn't be treated as such, but it is a carefully planned scheme that can guarantee wealth if followed according to plan.

[Hyphen(-)]

It is not uncommon for the market to go up and down, so don’t make impulsive decisions and hold on even in difficult market conditions. Don’t deviate from your plan for a long time, as you may not get the opportunity to invest in the future. There is no guarantee that you will be able to invest in the same conditions in the future at the current Bitcoin price.

If you decide to learn and understand the crypto market; you will understand how to take and manage your risk, and if you can manage the risk properly, you can have good plan to invest in Bitcoin so that you can stick to your plan and grow your Bitcoin portfolio. You don’t have to do what others are doing, or follow trend just because people are doing, it is called FOMO and if you don’t properly understand the investment you are going into, you can make mistake and invest some money you can’t afford to lose, and you know that if such money go into your investments, you can’t hold for long, that is why you will need to be calm to have your own money you can save for the investment to avoid selling at loss.

[Donk1]

Well personally I believe Bitcoin needs us to trust in its unique nature. So to me what we offer to Bitcoin is trust, in the sense that we are risking our assets because we deemed it worthy as the first cryptocurrency in history and perhaps for the fact that it has proven its self throughout the past years.​That said we have to understand market sentiments. Best to say invest money you can afford to lose to avoid taking irrational decisions, so you wouldn't end up panicking whenever the market dips.Overall we should first of all understand the value of Bitcoin beyond what we are told or we have read. Because true understanding comes from first taking action to invest, then gain experience, which would help you have a broad understanding of the market. That's all.....

[Gentle_Soul]

Fear of missing is the exactly one of the things that led so many persons into serious trouble and to be honest one shouldn't invest because you see others investing and you also want to join the crowd to in investing. You should know that investing and holding for a longer period of time is more beneficial and less risk of not making a profit so if you join in with others to invest because they are invest and you invest with the wrong funds that you can not hold for a longer period and then you withdraw your investment in a shorter period of time you probably be at risk of not making a profit, hence while it's adviceble to use your discretionary income.

[ColdLava40]

Bitcoin can give us freedom, but investing in Bitcoin is not the end all.

I don't think we should give up anything.

The financial freedom Bitcoin gives is not for free, it comes at a cost and the price you have to pay is giving up on your old belief on the financial system. You have to embrace the new system Bitcoin offers and trust in it.

There will not always be a perfect system and to me Bitcoin is a near perfect financial system. no control just you, and your money.

Every decision you make affects your investment negatively or positively depending on what you choose to believe at that point in time.

[IjawMan]

When talking about financial freedom, why are you talking about bitcoin? Bitcoin is not in the years that it was less than $1 or when the market value is small, bitcoin may not give people the financial freedom that they want. But bitcoin can preserve the value of your money and make it increase also, but make sure that you are into other things and do businesses so you can have financial freedom in your old age.

Bitcoin can be considered as something that gives financial freedom to an extent, even though it wouldn’t necessarily makes you very huge returns at this point. Financial freedom isn’t only about having enough money, having control over your money is also a form of financial freedom.

When It spoken about Bitcoin being able to make us financially free It is erroneously conceived by some persons that it is about have financial sufficiency, so much that you will not be wanting of financial needs. But that not it, and it good you have laid a simple explanation to this.

Becoming financially free is more of having to be in control of your finances without waiting on some thrid party authorisation before accessing your money. It gets ugly to the extend you will be given the limit you can access and withdraw on a daily, going beyond the limit will require  you to do paper signings and waiting for not less than 24 hours to get it processed.

Financial freedom is actually broader but mostly confined in discussions to just about making too much money through Bitcoin profits on investment.