bitcoin wasn’t created to make you rich. It was created to make you free - page 9.

bitgolden

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Quote from: nicecrypto on April 04, 2021, 05:00:42 AM

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

So since you found Bitcoin, hope you been able to save more than you where saving or was not able to save before? I believe bitcoin has really helped most that have found and invested in it for years now and this is not just the middle-class people because as we have seen in recent past, big corporation and High net-worth people are now investing in bitcoin and other cryptocurrencies for the profits they can gain from it. If you are not Financially rich, you cannot be financially free.

I definitely ended up saving a lot more. Before bitcoin I had some money that I saved but it never really increased the way I wanted and it was just sitting there and over time it became worthless because in my nation inflation is high. Which is why bitcoin was awesome, it is both pegged to bitcoin and dollar increased against my fiat currency and on top of that bitcoin price increased as well so there was a reason for me to actually start saving money.

I do have more money saved aside than ever before, I still need to do like a 100x to stop working, but it is at least there, back in the day I never had anything like this neither, even though the current one is small, the previous ones were even smaller and they went lower instead of go higher. Now all I have to do is keep saving money and putting it on bitcoin for another 10-20 years and I will be a retired rich old dude.

Ultegra134

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Quote from: Mauser on April 03, 2021, 12:53:11 AM

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

I agree, bitcoins offer is freedom from the crazy monetary policies of our countries. In my country saving is just working anymore for the past 10 years. Effectively you are losing money if you do it, bank fees and inflation are rising while the interest on your savings account is falling. So investing into crypto currencies is the only real solution. And even if we don't make a lot of money by it, atleast we can store some value free from the government's.

Cryptocurrency in general offer some kind of anonymity, they provide you with the ability to save/earn money without having them deposited to a bank whatsoever. On the other hand, Bitcoin isn't exactly anonymous, its transactions can be traced back, while other coins such as Monero provide better security features.

What's concerning me is how to cash out your earnings. I'd prefer not to withdraw from an exchange to my bank account, however I don't see any way to avoid that.

blckhawk

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

Precisely. That is why everyone loves Bitcoin and even altcoins because they are far from the regulation of the government. You can have all of your saving without having any taxes or whatsoever except on transactional fees when you trade them but this was nothing compared to taxes. Besides saving your money in a form of Bitcoin could even generate profit in a long run because of the volatility. There's a lot of opportunity in crypto it can even make someone wealthy in just a matter of time, so yeah I believed it was hope for everyone.

nicecrypto

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

So since you found Bitcoin, hope you been able to save more than you where saving or was not able to save before? I believe bitcoin has really helped most that have found and invested in it for years now and this is not just the middle-class people because as we have seen in recent past, big corporation and High net-worth people are now investing in bitcoin and other cryptocurrencies for the profits they can gain from it. If you are not Financially rich, you cannot be financially free.

Anonylz

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Quote from: adzino on April 03, 2021, 02:32:27 AM

Sadly most people invest in bitcoin to make some quick profit. They think crypto currencies will make them rich overnight. But that is not the truth and some faces this realty harshly. They look for coins that are getting pumped and invest in those. In the end, the lose everything once they get greedy. According to you, it's created to make you free. But "free" from what?

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

My thoughts? Bitcoin is not like it was supposed to be. Returning power back? I don't see any "powers" being returned back. Look at all those regulations and strict policies that is slowly bringing bitcoin under the indirect control of the government.

Talking about making some people rich overnight, the true meaning of that would be making people rich at shortest possible time than any other investment would within that time frame,
Btc gives financial freedom, it is suppose to give financial freedom if you take away all the regulations that have been forcefully implemented in it thanks to adoption (an inevitable circumstance)
Actually I also don't think btc is returning power, at least not the way it should be, because right now the most percentage of btc is owned by the elite or the wealthy and that don't seem like returning power to the people.

Sithara007

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Quote from: ?? on ??

Properly investing in bitcoin can make you richer if you increase the price with less capital but you should not rely on bitcoin completely. If the bitcoin market is not stable if the price starts going down then everything will be lost since the government has no control everyone can work independently it saves money but you have to learn market analysis bitcoin must have the freedom to do other things as well. Which of course made the video an overnight sensation.

If you keep invested in Bitcoin, then it can definitely make you wealthy in the long term. But the point to remember here is that it will not happen overnight. I made my first investment in 2014, and it has been almost 7 years since then. I had the patience to wait and I have benefitted from my decision. On the other hand, most of the others would refuse to wait for more than 1-3 years. Unfortunately that is the mentality with some of the new users. They expect the Bitcoin prices to go up always and get panicked if there are temporary fluctuations.

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Quote from: Haunebu on April 03, 2021, 08:02:46 AM

Quote from: michellee on April 03, 2021, 07:25:19 AM

Their bitcoin investment will grow from time to time, and if they can hold for a long time, they can be rich from bitcoin and that is limited opportunity to people who believe in bitcoin.

There is no guarantee that this will happen for sure. It is possible to get rich by HODLING BTC for a long period, but no one can guarantee that. Invest only what you are willing to lose no matter how much you believe in BTC.

That is right. People seem does not accept if they must hold bitcoin for a long time because we do not know when bitcoin price can increase and when it will stay at the current price. As we see today, as bitcoin price does not break $60k-$61k, that can make them feel not right. But if they learn that bitcoin price is not always moving fast, they will not think much about that and only hold it for more.

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Quote from: slapper on April 03, 2021, 06:26:15 AM

Quote from: magneto on April 03, 2021, 01:08:50 AM

Absolutely.

If you are going into BTC for the long haul there should be no expectations of short term profit. I personally hold BTC as a hedge against a potential fiat collapse in the long run, and could care less whether or not it's currently trading at $1k or $50k.

The key is to value BTC not in fiat terms, but rather in terms of real adoption and fundamentals. At the end of the day, it is designed to be a unit of account that is completely removed from the distorted fiat economy.

It is still distorted by the fiat economy but in a good way. The financial world is created by a vast number of people, companies, and countries. Right now, the same circumstance happens to bitcoin where most parts of the world are running ahead and collecting bitcoin. A significant impact in the world are now capable of affecting the price of bitcoin

For example, during the pandemic, the price of bitcoin decreased significantly along with cash, gold, oil, and stocks. But in the long run, bitcoin recovered rapidly and after a year, it gains more than 1000% growth compare with its price in April 2020. As you can see, the governments currently work with CBDC to unveil their own digital currency. This event will have a slight impact on the price of bitcoin if it officially operates

We can't just let the greed of humanity be ignored, that is why we have such an unbalanced world and thats going to keep popping up whenever bitcoin is the subject. Bitcoin wasn't "invented" to get us rich but that happened, and there is nothing we can do about it, it got us rich, maybe it wasn't the intention but it happened anyway. So, now that some people got rich from it, there are others who want to get rich from it as well, and now companies are looking for it as well.

It has increased about 15x or so, that is something unheard of anywhere in the financial world, you do not make 15x in a year, nobody does, that is just dreamy and nobody can make that even warren buffet. Which means we are looking at something that makes us money like nothing else in the world does, how could we tell people to ignore that part and start focusing on the freedom part?

cheezcarls

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I don't really see Bitcoin being created to make me a rich guy (unless of course if I have bought some during the time 2 pizzas cost around 10,000 BTC). It's just a bonus for me if I become wealthy later on. What I definitely liked about Bitcoin is that it's deflationary and free from third party control like the banks and government because it's running under a decentralized blockchain technology. I had to admit that my bank account is always "almost" empty, as I usually use it as a "withdrawal gateway" purpose, as I put much of my savings into Bitcoin and other cryptocurrencies.

Haunebu

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It is possible to become rich through BTC and there are plenty not examples to prove that. You can freely complete financial transactions online anonymously through BTC as long as you don't provide your KYC details.

Providing your KYC details basically nullifies the anonymity aspect of BTC and cryptocurrencies in general.

Quote from: michellee on April 03, 2021, 07:25:19 AM

Their bitcoin investment will grow from time to time, and if they can hold for a long time, they can be rich from bitcoin and that is limited opportunity to people who believe in bitcoin.

There is no guarantee that this will happen for sure. It is possible to get rich by HODLING BTC for a long period, but no one can guarantee that. Invest only what you are willing to lose no matter how much you believe in BTC.

michellee

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Quote from: pankowri on April 03, 2021, 04:58:07 AM

Maybe you are right. Satoshi knows well why bitcoin created and what is the real object. It's the most important thing that you point bitcoin wasn't created to make you rich it was created to make you free. It means everyone who works on BTC have chances to be free financially and bitcoin can make you rich but the rich is a limited word and financially free is more important.

Satoshi gives people the opportunity to make money and have a new type of investment that can provide them with a value of money. Their bitcoin investment will grow from time to time, and if they can hold for a long time, they can be rich from bitcoin and that is limited opportunity to people who believe in bitcoin. Besides that, Satoshi wants people to manage their money without any third party involved, so we do not need to pay more fees unless we must pay the fee from making the transaction.

AicecreaME

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Actually, it is both, to make you rich and free, that's why I still don't know why many people hate it, those narrow-minded people. I know it's kind a hard to believe thing in the first place because of its price but once you have it, you'll believe it in an instant, the only thing left for everyone who don't have any cryptocurrency is to try it.

However, Bitcoin won't not make you rich in an instant, unless you've enter the market in the right time. But it can make you free from inflation and from the Government control, so it's a good thing to have like you're a unique one because you have a revolutionary kind of money that could change you and the whole future.

slapper

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Quote from: magneto on April 03, 2021, 01:08:50 AM

Absolutely.

If you are going into BTC for the long haul there should be no expectations of short term profit. I personally hold BTC as a hedge against a potential fiat collapse in the long run, and could care less whether or not it's currently trading at $1k or $50k.

The key is to value BTC not in fiat terms, but rather in terms of real adoption and fundamentals. At the end of the day, it is designed to be a unit of account that is completely removed from the distorted fiat economy.

It is still distorted by the fiat economy but in a good way. The financial world is created by a vast number of people, companies, and countries. Right now, the same circumstance happens to bitcoin where most parts of the world are running ahead and collecting bitcoin. A significant impact in the world are now capable of affecting the price of bitcoin

For example, during the pandemic, the price of bitcoin decreased significantly along with cash, gold, oil, and stocks. But in the long run, bitcoin recovered rapidly and after a year, it gains more than 1000% growth compare with its price in April 2020. As you can see, the governments currently work with CBDC to unveil their own digital currency. This event will have a slight impact on the price of bitcoin if it officially operates

AniviaBtc

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Bitcoin is the key for us to achieve financial freedom from the government but it is also a good asset in an investment just like what most of the people are saying here in this thread. There's a lot of opportunity in cryptocurrency especially that the market is volatile and its price can give us reasonable profit that we want if we are skilled and knowledgeable about it.

Study it so that you know what is your purpose when you invest on bitcoin and other coins.

Don't waste the opportunity to make yourself grow and adopt the existence of cryptocurrency in the market.

pankowri

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Maybe you are right. Satoshi knows well why bitcoin created and what is the real object. It's the most important thing that you point bitcoin wasn't created to make you rich it was created to make you free. It means everyone who works on BTC have chances to be free financially and bitcoin can make you rich but the rich is a limited word and financially free is more important.

mersal

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If middle class people able to accumulate more bitcoins and other cryptos then they will have the freedom of spending their money in future but what is the situation now, those middle class people forget what is savings an investing so they are living from salary every months and there is no cash in their pockets at the end of month which should be changed by themselves to accumulate bitcoins and then fight against this inflated government paper.

adzino

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Sadly most people invest in bitcoin to make some quick profit. They think crypto currencies will make them rich overnight. But that is not the truth and some faces this realty harshly. They look for coins that are getting pumped and invest in those. In the end, the lose everything once they get greedy. According to you, it's created to make you free. But "free" from what?

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

My thoughts? Bitcoin is not like it was supposed to be. Returning power back? I don't see any "powers" being returned back. Look at all those regulations and strict policies that is slowly bringing bitcoin under the indirect control of the government.

so98nn

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True fact however it can make you rich too. Tongue

Already people have gone from thousands to millions and some of them were able to make the millions to billions. We do have living proofs for all of this so this is not just statements from the mid-air. It is very important to note that, the inflation that is created by the government does not affect bitcoin directly. We do have some barriers in the process and thus bitcoin tries to hold itself at ATH all the time.
With the continued support from the investors and whales specifically, we are good to go with the journey of becoming rich and set free at the same time.

magneto

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Absolutely.

If you are going into BTC for the long haul there should be no expectations of short term profit. I personally hold BTC as a hedge against a potential fiat collapse in the long run, and could care less whether or not it's currently trading at $1k or $50k.

The key is to value BTC not in fiat terms, but rather in terms of real adoption and fundamentals. At the end of the day, it is designed to be a unit of account that is completely removed from the distorted fiat economy.

Mauser

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

I agree, bitcoins offer is freedom from the crazy monetary policies of our countries. In my country saving is just working anymore for the past 10 years. Effectively you are losing money if you do it, bank fees and inflation are rising while the interest on your savings account is falling. So investing into crypto currencies is the only real solution. And even if we don't make a lot of money by it, atleast we can store some value free from the government's.

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