Can one achieve financial independence through crypto currency? - page 9.

Lubang Bawah

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Quote from: crunck on February 13, 2023, 04:33:24 AM

Why not? Bitcoin is money, a tool to get rich just like any other investment. Even I believe bitcoin can get us financial freedom faster than other ways to get rich. Aren't we here to do that? I believe 100% of people who invest in bitcoin want to get rich with bitcoin because of its volatility. Take risks to get rich with bitcoin.

Yes true, owners of crypto assets that used to buy cheaply now have enormous wealth, of course many people are lucky because they buy bitcoin for less than $ 100 and then can sell up to $ 10,000 or up 100x, let alone more fantastic altcoins because of big increases, ever people say he became a millionaire because he got an airdrop of altcoins and hold for less than a year.

romero121

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Financial independence in the form of free to use their money is being achieved. We can't do anything with the fund getting accumulated in few corporates hands to be dispersed all around. We can't raise questions, because its their hard earned money. When we talk of equality we can't consider it, because sharing the money of government is different from sharing an individual's earning.

dunfida

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Quote from: n0ne on February 13, 2023, 05:05:27 PM

Financial independence is achieved. When the wallet serves as one's own bank it is possible for the users to spend whenever required. This form of financial freedom is achieved through cryptocurrencies. Apart from this, people making an earning in the form of bitcoin too possible, but there is high risk as well as market won't be the same everytime to give stable earning.

Lots had reached out that financial state on which they do able to make themselves get rich specially into those holders and the other way around is that to those people who do able to make some sufficient earning or income via trading or other crypto investment.If you do able to achieve this state then you could really achieve that independence but of course this isnt something simple that you could deal with.
It isnt something that all would be able to easily get deal with, this is why we are thriving and doing our very best and this is really needing to have that risk taking because this isnt something that
you could reach out without having that proper dealing.

usekevin

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The popularity of crypto currency was raised after the 2017,after the rise of bitcoin price in 2017.The decentralised crypto currency was used by most of the people as compared to the centralised currency.Ethereum is the centralised crypto currency for your information.Only the bitcoin was surviving for the decade as compared to the other crypto currency.Many crypto currency was begins after the bitcoin launch,but it not as same compared to the bitcoin.Most of the people in developing countries also earning some crypto currency from the forum,it helps them to get financial freedom apart from their job.Many people became a full time crypto currency trader.

n0ne

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Financial independence is achieved. When the wallet serves as one's own bank it is possible for the users to spend whenever required. This form of financial freedom is achieved through cryptocurrencies. Apart from this, people making an earning in the form of bitcoin too possible, but there is high risk as well as market won't be the same everytime to give stable earning.

Sanitough

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Quote from: Sayeds56 on February 12, 2023, 05:02:31 AM

The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?

Yes, because crypto investment is life changing. But success will never come to those who only enter the crypto market and then leave when they start losing. Of course, no one becomes successful if you quit. However, for those who keep on struggling with crypto investment and tries to be resilient in every unsuccessful days, and continue to venture the crypto market despite of their mistakes and losses, those were the ones who succeeded in the end. So it’s a fact that crypto can achieve financial independence, but not everyone are given the chance and luck to achieve it.

Hamza2424

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Financial Freedom is nothing but just adopting Bitcoin is all you need as far as I know we are talking about the Decentralization of the network and its reliability then dude ETH now doesn't stand on the list. I was in the favour of ETH back one year ago but now I think ETH is also now centralized network due to the limited number of nodes. But yes Bitcoin is standing alone as the most reliable and decentralized network in the crypto market.

For achieving financial freedom now these days all you need to do is raise your voice for the self-custody funds and it's your right if they neglect your demands then simply shift your financial system to the DeFi. Defi is the true power in your hand's system where I think the maximum unbanked community is enjoying the services like collateral non-collateral best Loans, Staking, and whatever you indeed.

RealMalatesta

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Quote from: xSkylarx on February 13, 2023, 06:51:00 AM

Many people I have met online have been able to purchase houses and expensive cars, and they have become wealthy, or at least have a lot of money in their wallets, due to cryptocurrency. You may have noticed this as well. However, there are still many people who lose money with crypto and some even quit their regular jobs to focus on it. Nowadays, people are having second thoughts about where to invest their money, unlike in the past when the bank was the only option. They are now investing half of their money in the bank and half in Bitcoin, as they know that they can potentially gain more profit from crypto than from the bank.

That was normal and that's because they are fake. They only use those images or videos to be able to attract their potential prey to invest on them but even not online, there are also ponzi organizations who still use cars and houses to entice people. Meanwhile, quitting jobs to focus on crypto is one of the silliest idea I've ever heard.

I think that's a suicide since cryptos are not guarantee to make one a profit and then it can also take time for the bull run to arrive so how can we eat if we will only depend on it? Banks are a good option before but not anymore because the inflation rates have doubled up already so people are now looking for alternatives. One of it would be bitcoin.

og kush420

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Quote from: freedomgo on February 13, 2023, 01:12:20 PM

Quote from: Sayeds56 on February 12, 2023, 05:02:31 AM

The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?

Well, we cannot deny the fact that some have been making fortune with crypto investments and these news are widely seen featured in the internet or in social media. Hence, it’s a good proof that crypto paved its way for financial freedom and financial prosperity. But I would not say that all of those who venture into crypto are now making 6-9 digits as their earnings, of course there are some who succeed while others also end in failure. It’s still a business, so it’s a matter of win and lose in the end.

sometime it is luck as well - some people work really hard and do not get anything in return
On the other hand some people are lucky to get money out of everything they try!
Many people are happy on achieving some good money in return of their crypto investment

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Quote from: Sayeds56 on February 12, 2023, 05:02:31 AM

The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?

Well, we cannot deny the fact that some have been making fortune with crypto investments and these news are widely seen featured in the internet or in social media. Hence, it’s a good proof that crypto paved its way for financial freedom and financial prosperity. But I would not say that all of those who venture into crypto are now making 6-9 digits as their earnings, of course there are some who succeed while others also end in failure. It’s still a business, so it’s a matter of win and lose in the end.

Cryptock

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Quote from: Doan9269 on February 12, 2023, 01:58:02 PM

Quote from: Sayeds56 on February 12, 2023, 05:02:31 AM

The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?

You can achieve having a financial breakthrough in cryptocurrency but i must be precise and frank here that it has a way or procedures to having it, first thing in mind to always remember is on the type of digital currency one is choosing, i believe not all the cryptocurrencies were allowed or happens to be a good source of an investment since many has scammed people and carted away their funds, we mist know the kind of digital investment we are heading for, bitcoin has always been a good recommendation for people to have a start, we must also do enough thorough research on them before investing, because any mistake or error will lead to lose of funds that cannot be recoverable, which is why we also need to understand the risk associated.

One of my friends have been scammed online - he lost a big investment he has made to the crypto'
If the crypto can bring you some stability - it can bring you so much trouble as well. So don't depend on crypto only.

kryptqnick

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Financial freedom and financial independence are different things to me, although it depends on how we define them. Bitcoin grants financial freedom in a sense that you own your own coins, you can send them to anyone who has a Bitcoin address directly, the currency isn't owned, managed or regulated by any central authority. Financial independence means having enough income to cover your own expenses without relying on other people (I'm basing it on Wikipedia now). A person can find a job, get paid in Bitcoin, and become financially independent. But it's also very likely that it won't happen. So Bitcoin is about financial freedom, but not so much about financial independence.

DrBeer

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Quote from: Sayeds56 on February 12, 2023, 05:02:31 AM

The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieving the goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control of their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?

The answer is simple: you can't!
Now I will explain. Cryptocurrency has a lot of features: from high volatility to uncertain legislative status. From the impossibility of predicting the course of cryptocurrencies with a guarantee, to the impossibility of understanding how the legislative framework around the world will change in relation to cryptocurrencies.
The only thing that can be said is that if you immerse yourself in the topic well, delve into the nuances, have access to "insider", learn how to choose good crypto projects for investment - then cryptocurrency can become a good assistant in obtaining additional income.
Otherwise (take to buy cryptocurrency and hope for
its constant growth) is a very risky undertaking.

fuer44

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For 1 : 1000 chances, yes.
For example, people who have invested in Bitcoin from a long time ago and finally sold it when the market grew big in the 2018 period. Then several people who were selected as developers of a coin which is currently in circulation and in high demand, can also be said to earn income from crypto.

But on a broader scale, for example people who suddenly come and want to try their luck in trading, investing, or even bounties/airdrops, I think it's too risky to only depend on crypto as a goal of financial freedom.

BenCodie

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Many people have achieved financial freedom through cryptocurrency during the early adoption phases and even up until recent. There is no reason why this can't be achieved over the years to come too. All that is needed is patience, a good strategy to not only increase holdings but also to balance your life with your pursuit to increase holdings, and to be vigilant of new opportunities (and of course, responsible and cautious). It sounds easy...though I think the biggest challenge in this is discipline to principles involved with following all of this flawlessly. It takes one or few mistakes to cause a significant set back in this space.

Ucy

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Very interesting definition of Financial Independence on Wikipedia

Quote

Financial independence is the status of having enough income or wealth sufficient to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income https://en.m.wikipedia.org/wiki/Financial_independence

Very happy to say that the above definition have been achieved here. Interestingly it was achieved after I got into cryptocurrency. But I believe it was due to me serving the role given to me by my LORD as I was told by someone who was likely a seer that something good will come to me soon, shortly after that I got into crypto. So, without my LORD, cryptocurrency alone wouldn't have done it otherwise we wouldn't have many in cryptocurrency space still depending on others to earn a living and survive

qwertyup23

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Quote from: mvdheuvel1983 on February 12, 2023, 06:25:30 AM

Quote from: Sayeds56 on February 12, 2023, 05:02:31 AM

Given these factors, the dream of financial freedom can come true by using crypto currency?

If you approach cryptocurrency with the right mindset, you will achieve financial freedom, but if you approach it with the get-rich-quick mindset, you will be the first to call it a scam.
Since there is evidence all over the internet that others are getting rich or achieving financial freedom off of it, you can too if you follow the rules and have a solid financial strategy.

Like what I also previously mentioned, there is absolutely no easy-way of getting rich. If entering cryptocurrency is what others considered as a "cheat code" of getting rich, then that kind of mindset would bring them more harm than good. If such were the case, then everyone would have been rich by now.

Financial independence require good foundation and knowledge on the topic. If a person has what it takes to maximize the potential of investing in cryptocurrency, then this will further bolster the chances of him/her achieving such end result. But in no means that this is the answer for every financial problem that they have as they also have to work hard significantly to achieve it.

bestcoins1

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Quote from: crunck on February 13, 2023, 04:33:24 AM

Why not? Bitcoin is money, a tool to get rich just like any other investment. Even I believe bitcoin can get us financial freedom faster than other ways to get rich. Aren't we here to do that? I believe 100% of people who invest in bitcoin want to get rich with bitcoin because of its volatility. Take risks to get rich with bitcoin.

Getting rich is the ultimate goal for everyone everywhere and not just here. I also agree that people who invest are because they want themselves to be rich through the profits they get. But until now not everyone is able and willing to take risks to invest in something if they don't really know or understand what they are going to invest. So in general Bitcoin is only chosen by people who are very familiar with Bitcoin and understand the volatility that exists in Bitcoin itself.

xSkylarx

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Many people I have met online have been able to purchase houses and expensive cars, and they have become wealthy, or at least have a lot of money in their wallets, due to cryptocurrency. You may have noticed this as well. However, there are still many people who lose money with crypto and some even quit their regular jobs to focus on it. Nowadays, people are having second thoughts about where to invest their money, unlike in the past when the bank was the only option. They are now investing half of their money in the bank and half in Bitcoin, as they know that they can potentially gain more profit from crypto than from the bank.

crunck

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crunck

Why not? Bitcoin is money, a tool to get rich just like any other investment. Even I believe bitcoin can get us financial freedom faster than other ways to get rich. Aren't we here to do that? I believe 100% of people who invest in bitcoin want to get rich with bitcoin because of its volatility. Take risks to get rich with bitcoin.

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