Topic: Can one achieve financial independence through crypto currency? - page 2. (Read 1367 times)

You can achieve financial freedom by being very rich and having businesses. Crypto currencies can't help you to achieve financial independence because you don't control the price of coin, you don't control the transaction fees. Yes, you can totally control your wallet but if the price of your coin can become 0 by Elon's tweets or by some other circumstances, then it doesn't mean financial independence.

Financial independence is only achievable by becoming a rich person. If you have millions of dollars, you are financially independent, you are capable to do what others can't do, you aren't limited.

Definately yes, but it all depends on your planning, your mindset about cryptocurrency investment and you aproach.
When you approach cryptocurrency with the intention that you want to make a very quick money without understanding the strategies involved you will not achieve you aim.
But if you apply discipline and understand that cryptocurrency is a progressive investment, you will achieve financial freedem through cryptocurrency investment.

After all, financial freedom means that we have plenty of money and use it freely, and investing in crypto can give us great returns, so it can be said that we can completely achieve financial freedom through investing in crypto.
You are right, not just bitcoin or altcoin, any investment, as long as they are profitable, can help us achieve financial freedom. Whether we achieve our goals or not is up to us, not them, which means we need knowledge and investment plans to achieve our goals. Not just spending money to buy bitcoin will automatically become rich.

if your goal is financial freedom, then whatever type of money, or investment you use, you can achieve this. what makes the difference is your strategy. I think, there have been very many people who have achieved financial freedom by utilizing cryptocurrencies. I've seen several videos on YouTube asking about people's jobs, and people who have luxury goods sometimes have a focus on the field of cryptocurreny. I concluded that they could afford these luxuries, so I thought financial freedom was in their sights. however, cryptocurrencies can be used to achieve financial freedom.

You can't achieve financial freedom just by using cryptocurrency, you need to come up with a product of your own, then you can be paid in cryptocurrency, a man of service will never go broke because there will be demand for such people, so if you want to be financial independence with crypto you need to offer something in return.

1. Use your money (hard-earned cash) to invest in crypto.
2. Render a service, (builders for example) that developers will need and you get paid in crypto.
3. Engage in crypto activities where you could be paid.
4. Learn crypto trading.

Everyone's financial freedom is different, because the level of human needs is different too. for me financial freedom can happen where we have financial resources that can guarantee our needs as long as we live, and can pass it on to our descendants so that they can live without financial deficiencies. so there are no life problems about finances to make ends meet. therefore many people invest in various fields, so that they get profits later and are not eroded by this

To be honest, for the common people, we have to know what financial freedom really is so that we have a clear orientation about financial freedom.
I myself really believe that with crypto currency we can have that financial freedom but yes it is not as easy as we imagine and pay attention to, there is some research that must be considered in choosing our crypto currency in investing and trading currency crypto. Being able to generate income from crypto currency is a great success and everyone's hope and avoiding crazy bank interest and inflation that always grows every year is a peace for those of us who want the value of the money we have to be maintained from the exchange rate.
I myself am still in an effort to improve my skills in this field of industry even though I am still below the ability and knowledge of crypto but I already have income which I can say is sufficient for my current needs.

There is no doubt about it that crypto is future that is why people are getting crazy for the crypto
And if you want to have some side earning then crypto is the right choice and can help you have some extra money in hand. Which can help you with rental and other expenses.

Yes, you can achieve financial independence through crypto currency. However, it is not easy. You should have some technical knowledge of cryptocurrencies before starting a portfolio. Also, you need to research on the best coins and tokens in your area (i.e., what are the best promising projects).

And here I ask a question. Supporters of the idea that cryptocurrency will save the financial situation, the economy, the world....

There is another thread on the forum here
Re: The cost of living is trying to kill the living" https://bitcointalk.org/index.php?topic=5443800.new#new
There are the same participants in the crypto world as here. And it turns out that being participants in the crypto world, they have a lot of problems and being "kripons" they continue to experience financial troubles, problems and other negative things. It turns out - or the cryptocurrency does not solve problems systematically and for everyone, and is only one of the methods to earn money, but only for those who are lucky? Well, or there in the subject, some losers!?
How do you explain it?

In my opinion Yes, one can achieve financial independence through crypto currency. Crypto currencies have become increasingly popular in recent years due to their decentralized nature, global reach, and ability to provide a hedge against inflation and currency devaluation. Additionally, crypto currencies provide users with the opportunity to take control of their own financial futures and avoid traditional banking and financial institutions

Furthermore, users can also participate in governance voting and staking, examine blockchain transactions using a block explorer, run nodes or mine transactions to help secure the network, and even receive free coins or tokens through airdrops. All of these factors make crypto currency an attractive option for those looking to achieve financial freedom.

It is not bad to spend their pay on weekend for some sort of celebration but the bad side is that if you go broke after spending it but it is also not good if you keep spending it every week and not saving as for sure you've got a problem. Also, those people that are really saving a lot for the future are really amazing people as I cant even save myself when I was still a teenager, I only want to party and didn't worry about my future. For sure those kinds of people would have a nice marriage as they already have savings about it.

Cryptocurrency price movements do move so fast that it allows everything to happen, whether it's profit or loss, but if you look at the percentages in trading, there are lots of advantages that can be obtained so that it keeps finances sufficiently maintained for a long time, but that doesn't mean that people will achieve financial results. who are free because of uncertain income.
and being able to earn Crypto is not only from trading but there are many other avenues, if we focus I think one will be able to achieve sufficient financial independence without having to look in real life.

Regardless of the regulations and risks that you mentioned, that's true, but so far if we can maintain personal confidentiality properly, I think it will still be fine from theft and fraud.

Financial freedom allows someone to live a life without being worried about money now if the main purpose is to become financial freedom, you need a plan, in which asset you have to invest, How much you have to invest, and in which way you can save money. I must say that the one who has a lot of money and needs no job for living because he/she filled their bags with money is financial freedom, No I must say this has another aspect too. which is the satisfaction of not consuming, not wishing more and more just living life by following simple rules well. (i know maybe some of the members will not agree on this but it's just my thoughts.)

Now If we really want to know that crypto provides us the chance to become Financial freedom then we should take the example of people who have bags filled with BTC. like Michael Slayer etc. well they have enough money to live a life of Financial freedom. But I don't think they are living a life of kings because they just want to grow or want to contribute to society so I must say earning money that enough by finding a great source of income and not helping the needy ones or contributing to the community is not fair and right (my personal thoughts).

Overall, yes if you want to live a life of tension-free financial life then you can use bitcoin or blockchain-based projects as investment opportunities whenever you found an opportunity. This will definitely provide you with Financial Freedom

That is correct to some extent in west people earn for the whole week and spend their pay on the weekend.
on the other hand - people in our area - gets the monthly salary and they do the monthly grocery and keep saving for their kids who are not yet born

financial freedom : the term has different meaning for different people. Your geography, your education, family background and your lifestyle it all contributes towards how you approach and achieve it.

Cryptocurrency can pave the way to achieving your dreams , by utilising the appropriate means available and making the right decision on the right time.

Of course we can achieve financial independence through crypto currency, it has been proven that cryptocurrencies make new people rich, maybe the most popular is the owner of Binance who is now in the top 100 richest people in the world, but I suggest using the profits from cryptocurrencies for real businesses such as property, plantations or something else so that when cryptocurrencies drop then we can rely on others.

Once we talk about the economy of today, we cannot complete the oversight without diving into the current digital economy of cryptocurrencies, we all know it's what has been on the run this era whereby everyone is looking for a means to earn a living through it or possibly make income from its investment while some prefers it as their most valuable asset, if we consider the numbers of them, we can deduce that there are many fake things as well in crypto today except for few that are legitimate like bitcoin and some other few, but the kind of crypto chosen determines the fate of what you get at the end, considering the coin is good or otherwise if it's a shitcoin project.

This is true, bitcoin is the safest investment in the market, but to expect financial freedom when investing in bitcoin is very difficult unless we get a huge initial capital. Because bitcoin has gotten bigger and bitcoin returns are getting smaller and smaller compared to altcoins.

If one has limited capital and wants to seek financial independence from this market, then one needs to invest in altcoins. And as you mentioned, the higher the return, the higher the risk, so we need to accept the risk before investing in altcoins.

Grade 8 students are usually at what level of school? Because I have never heard that in my environment there are students up to grade 8 even though you say they are quite smart because they can already invest in crypto and buy crypto currency. And have you ever asked him about the risks of investing and also trading in crypto? If he is able to explain the level of risk he is facing, it means that he is very prepared for any risk because he understands it very well.

And the question here is that @Theones didn't tell about who taught the kid about crypto space, because I'm also not sure that the student he mentioned could be smart on his own without someone teaching him first. In addition, the discussion about how to work in the crypto space is also not discussed in school lessons because it is not included in the compulsory curriculum at school, so it is also necessary to ask the child about where he learned to invest and also buy currency in the crypto space.