Topic: bitcoin wasn’t created to make you rich. It was created to make you free - page 8. (Read 1784 times)

Finally everywhere money plays the important role. Same time the innovation could've gone unknown to the world if it hasn't got tied to money. It is all about seamless transaction eliminating third party involvement with users having control over their own funds. In other words each wallet serve as their own Bank. Later on the tremendous growth made it a source of being rich, and the money flow now keeps attracting more people than the technology itself.

It depends on what people want to use Bitcoin for, if I use Bitcoin as an asset. So I collect as much Bitcoin as possible, to be able to get a big profit
in the future. That's why for me Bitcoin can make me rich and I believe it will come true. But there are some people who make Bitcoin a means of
payment like it's fiat, they want to experience doing transactions without the need to use the Bank system, they want to spend Bitcoin by directly
buying the things they want. Indeed this can make a person have freedom, but the problem is the number of merchants who accept Bitcoin
payments is still very limited.

Well, the idea of the creation of Bitcoin is not really to make someone rich but to have a seamlessly fast transactions concerning no third party due to its decentralized feature. But as time goes by, the price of Bitcoin have gone to incredible increase which makes people think that getting into engagement with Bitcoin can make someone to get rich by means of investment and trading as well. That becomes the general idea as for now so many people do stand into that ideology and it is just fine for different people do have different perspective with regards to it. You can think of getting rich with Bitcoin but you cannot attain it that easy. Easy to be said and thought but hard to be done.

Bitcoin is primarily intended for the purpose of creating a decentralized planet where territories and connection aren't a problem in terms of transactions. At least from my perspective, I do not know if Satoshi ever had in mind that his creation will grow this huge not only as an asset but as a store of value as well. Sure, the early adopters may think otherwise, but the fact that Satoshi hadn't placed any feature to support bitcoin's scalability is enough evidence for me to believe that he doesn't know his creation will be this valuable.

I definitely agree with this line you had put up on the topic title.

"bitcoin wasn’t created to make you rich. It was created to make you free"

Its been created for that sole purpose or simply do talks about decentralization or simply no other can really control your funds but only you, no government or 3rd party interventions.

Its just people nowadays specially the new ones do jump off into this market to have that kind of wrong believe about bitcoin and later on when they do lost up money
then thats the time they made out those self realizations.

Op, Bitcoin has got many different usages but everybody in this world has become too much helpless because of the pandemic that they are rushing towards new opportunities which will bring them some fast money in their pockets. It was made to make us free but ultimately, we will need to show our holdings to the same government you've complained about in your post, so it is nonetheless centralized now as you cannot 'hide' yourself and your transactions in a way you could do 5-9 years ago. And creating riches is the job of Bitcoin which it is doing in a very well manner.

If inflation is the problem for your savings you could've just kept them in dollars or euros, crypto isn't the only possible choice here. As for returning power back..as much as I'd like to believe that and while crypto indeed gives some opportunities in terms of freedom, it looks like governments are catching up quickly and trying to take control now. Also, anyone can buy crypto and seeing that lately the upper class also became interested in Bitcoin, they can buy much more coins than the middle and lower class, which will only increase their power.

Bitcoin was created as an asset towards financial freedom. To enable people around the globe to have total custody of their money without the involvement of government organizations.
Bitcoin has been a safe paradise in this present digital era

At some point in the cryptocurrency market I feel those economic analysis covers all the cryptocurrecy entity, both bitcoin and altcoins. The provision is not only in the high return for investment but to have the life you want with minimal labour. Those in the space for longer time understand it especially those that had learnt and understand investment. they can easily apply this to opportunities around them. At 150k bitcoin, bitcoin will produce half of the richest people in world, imagine how easy it will be to follow your passion with money in your hands.

Bitcoin can work in many ways I guess. It may be a way to escape poverty for some, an additional income or a security for the future. You have all the freedom to do whatever you want for your bitcoin, as long as it benefits you, you can continue what you're doing if you think it makes you feel good and it feels right. Just don't be decieved and end up losing all your bitcoins, holding is very necessary nowadays since the value of it is continuously growing. It really let us escape how the government is trying to chain us by putting up huge taxes and capital in our goods, atleast here in bitcoin, we are free from those regulation that only they become rich as time passes by.

Bitcoin is a decentralized, secure currency on blockchain technology. Bitcoin is a personal bank and people manage their own money.
Bitcoin helps individuals who own them rich by increasing their own value due to high demand from everyone and halving every 4 years. In this way, Bitcoin holders get rich over time despite market fluctuations.
Bitcoin is a currency and an effective investment tool.

Yes, your statement is valid and real. I endorse with you that Bitcoin seems different to everyone. Bitcoin is different for everyone in terms of procedure. This is normal because people are inherently different. Several from each other. So their work is also several. In line with your proclamation, I would like to say that it can be both rich and free. Rich means you can make a good profit and free you can do whatever you want. In my viewpoint, Bitcoin has been created for two reasons and there may be many more behind the scenes.

Exactly, but I cant wait to see that day when we will at least have some level of good world adoption and when we would be able to use it in just about every of our regular daily shopping mauls or stores for every day consumption but however, the ability for been able to use it to increase wealth from initial investment and also for easy transfer has solved a lot already.

   Actually for me it’s a win win over here, bitcoins are investment let’s al forget the fact that some countries and governments haven’t really accepted it totally. Doesn’t devalue Bitcoin in any way for some reasons I can boldly say Bitcoin is doing abruptly well.
    History would never forget the day Bitcoin was introduced to the world, it has leveled up some classes in the society more especially the wealthy and the average class. Crypto currency is world 🌎 class. People are fed up with bank policies and the only way to escape from it is crypto currency. The privacy policies enables everyone to do whatever they want with their coins.
   The liberty 🗽 enjoyed by all users and investors is top notch, the one fact that I trade anonymously without any tag 🏷 or fix processes contributes to the achievements of satoshi. A round of applause 👏 to the team behind the success of Bitcoin. When next the subject matter arises we should understand it’s both ways.
    Most people are millionaires today because of Bitcoin some even thousandnaires and billionaires, apparently the liberty 🗽 enjoyed by investors and those that uses Bitcoin is unique, someone could actually carry a couple of  million dollars 💵 on his or her wallet and nobody knows, the 100% safety guaranteed is incredible absolutely. That’s what’s this harsh monetary policies couldn’t provide or come up with.
    The world 🌎 at large enjoys Bitcoin(crypto currency) in general so its a win win 😊

For the most part what you are telling is true but capitalism to be successful you need to have a society with wealthy people who have the ability to invest or has the ability to procure loans and for that you need to provide guarantee by pledging assets and that is how you can compete in a market and when you mess up you end up in debt. When it comes to efficiency in bitcoin, the price has nothing to do with its efficiency and we are still in the initial process of developing it further and we might reach those levels in the future. 

Indeed, we have our freedom to live sustainably because of cryptocurrency. Riches will follow if you're doing your money making independently without being controlled by government, and that inflations was just a crap in times that you're enjoying the wealth that you have from bitcoin.
Freedom always matters, and we will be more richer than rich person if we are free from manipulation of someone who controls the economy.

Bitcoin was actually the greatest hope we had in returning power back to every human in all classes (lower, middle, or upper class) because 99% of all altcoin are here to cheat and give empty promises.
But if we look deep into the concept and the word said by Satoshi when he created Bitcoin, we can consider Bitcoin as an asset created to make people rich because it can use in many ways (as an asset, investment tool, hedge fund etc).

For now that adoption isn't fully functioning, holding it is the best way to maximize it once it is fully operational in terms of having access in many physical transactions or payment transfer,  take advantage of this time to accumulate and get freedom later of using it since we have already buy enough at cheaper prices.

The current price boom, I guess is just a pavement or a stepping stone for bitcoin being a globally accepted currency. Expense is one thing that will rile in people to buy in and keep theirs, so it's only logical for the price to jump this high from the measly cent per piece it was in the past, that being said, I can also be wrong and bitcoin may become a store of value as strong or stronger than it is today, only time will tell.

Savings dont exist if they are being reduced in value every year, that is a problem.   When I was young they gave us 10% interest returns on the money far above inflation for me as I was waiting on technology prices to drop so that worked for me.  Right now technology is not that much cheaper over time and savings are wasted instead of being useful capital in an economy.

Great title, the value of being free is ironically far in excess of the idea of being rich but not free.    Capitalism works because it enables society not just the rich as many think to label it and so I will always be looking for Bitcoin to enable all people to be more free then they would be otherwise if not for its existence.   If BTC doesnt help society I dont think it succeeds even if the price is higher it needs to keep improving efficiency in any way possible for sure.