Did you realize in real life how Bitcoin gave us financial freedom?

Jating

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Quote from: goldkingcoiner on December 26, 2021, 03:32:51 AM

Bitcoin gave us a future of DeFi. Decentralised Finance is really the key term here. The next step would be to stop using centralised exchanges and find better ways to keep Bitcoin more private, as well as using the newest Taproot update to its full potential to bring Defi to Bitcoin. No more middlemen, no more unwanted regulations or restrictions. Your keys, your coins. Just as the plan has always been.

Yeah, that's why for me bitcoin is the definitive definition of Defi, even before this Defi thingy broke the crypto space this year.

And this has been the case for bitcoin itself, no more middlemen, we have total control of it, and our own bank and we can withdraw anytime we want. And this is why the government is really hell bent on stopping this crypto revolution, but sorry they can't do it. This will continue in the next 50 years or so and will give anyone the financial freedom they want.

Ultegra134

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Quote from: goldkingcoiner on December 26, 2021, 03:32:51 AM

Bitcoin gave us a future of DeFi. Decentralised Finance is really the key term here. The next step would be to stop using centralised exchanges and find better ways to keep Bitcoin more private, as well as using the newest Taproot update to its full potential to bring Defi to Bitcoin. No more middlemen, no more unwanted regulations or restrictions. Your keys, your coins. Just as the plan has always been.

That's right, DeFi is providing us with immense capabilities. I actually entered the scene the past February of 2021. The investment opportunities are huge, providing decent APYs, even in lower risk contracts.

I was introduced by a friend of mine, and it was probably the best thing that happened in crypto, the past 2 years. I managed to earn a decent amount of money, in a exceptionally short amount of time. The main drawback though, is their safety, there are a lot security risks and scams going on (or at least used to).

carlfebz2

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Quote from: Kakmakr on December 26, 2021, 04:36:21 AM

I realized it when I opened my Bank App on several occasions and it gave errors "Down for maintenance" and some obscure errors when I urgently want to transfer money. Also in my country Banks close early because they do reconciliation at the end of the day. (So then all Banks are closed when we want to access our accounts)

So it is not just about Financial freedom, but more about financial convenience. You basically are your own Bank and you access your money when you want to ..and not when they are available to do so. Wink

Financial freedom could be identified or classified in two things.

1. Financial convenience just like on what you had mentioned.
2. Financial freedom on the sense that you dont have problems in terms of fiat literally.

Therefore, we know on how beneficial it is if you do know on how to deal with it.

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Quote from: Kakmakr on December 26, 2021, 04:36:21 AM

I realized it when I opened my Bank App on several occasions and it gave errors "Down for maintenance" and some obscure errors when I urgently want to transfer money. Also in my country Banks close early because they do reconciliation at the end of the day. (So then all Banks are closed when we want to access our accounts)

So it is not just about Financial freedom, but more about financial convenience. You basically are your own Bank and you access your money when you want to ..and not when they are available to do so. Wink

Weirdly enough, even though I am very much in love with crypto for nearly 10 years now, and I do not care about banks at all, hate them (literally hate them), this is the least of my reasons. Banks on my nation close at 17 pm as well, and even though they do, I do not care about that at all, it is not like that is an important part of my life.

We literally can't turn our investments back to fiat during weekends, so if you have a stock you are holding, you can't turn that into dollars during Sundays for example or Saturdays. So, it is really inconvenient to use Banks in that regard and that is not the reason why I turned to crypto. The only reason was that banks decided to rule the world for a while now, been about few decades I suppose, and governments heel at their call, this is the biggest reason for me and crypto is decentralized enough to give me that trust.

Kakmakr

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I realized it when I opened my Bank App on several occasions and it gave errors "Down for maintenance" and some obscure errors when I urgently want to transfer money. Also in my country Banks close early because they do reconciliation at the end of the day. (So then all Banks are closed when we want to access our accounts)

So it is not just about Financial freedom, but more about financial convenience. You basically are your own Bank and you access your money when you want to ..and not when they are available to do so. Wink

goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Bitcoin gave us a future of DeFi. Decentralised Finance is really the key term here. The next step would be to stop using centralised exchanges and find better ways to keep Bitcoin more private, as well as using the newest Taproot update to its full potential to bring Defi to Bitcoin. No more middlemen, no more unwanted regulations or restrictions. Your keys, your coins. Just as the plan has always been.

Reid

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Limited withdrawal per day. That's when I realized something is not right. First of all, it's your money so why do they need to limit you from getting your own money. I know about the banks investing it but providing their customers with how much they need should still be given especially if they need it badly during emergencies or occasions.
With Bitcoin there is no middleman, no one will stop you or control the numbers that you want in or out. I think that's one of the reason I switched my savings to Bitcoin.

iv4n

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Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

when I need documents for my business from bank statements and I am required to have many other documents too. and it's very stressful because a lot is needed and it takes more time for things that are actually simple. such as a tax bill. salary slip and every document must be validated from several parties,. Likewise when I take care of my credit card. very many things are needed and not as simple as crypto.

It's like that in my country, almost everything is still on paper, so when I need to finish something I usually need a lot of time to gather all the necessary documents... from one office to another, from one building to another... sometimes it can be really crazy! It's like that when you live in the 19th century, not in 21st!

Well, crypto gives us financial freedom and stability! It's better when you have more sources of income, and it's definitely better when you don't depend on just one thing! Of course, it doesn't fall from the sky... many of us risked a lot to be where we are now!

Newlifebtc

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Quote from: Fortify on December 22, 2021, 04:36:22 PM

Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

Everyone knows how Bitcoin is a decentralized cryptocurrency and gives us financial freedom. I am wondering how did you realize that in real life that Bitcoin gave us financial freedom? This isn't a question, this is curiosity.

When I realized? And why? Let's describe it shortly.
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

The only financial freedom that was spawned from Bitcoin was the huge increase in price and the fact that some people might have gotten rich based on this alone. We should all congratulate people who had the conviction to hold on for a long time and made a nice sum of money in return. Besides that, Bitcoin has not produced financial freedom in any other respect, unless you might be living under an oppressive government who has banned cryptocurrency trades and you're using it (illegally) to get around this repression. For most people they are wealthy or poor and another currency that can be used worldwide coming into existence does not change that fact.

You have correctly said it all.
The only financial freedom is operating under a government who is oppressive who has banned bitcoin and crypto currency trade's.
Having this has helped the poor tondo transaction with much ease.

Rufsilf

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Quote from: Hamphser on December 22, 2021, 04:43:12 PM

Quote from: Fortify on December 22, 2021, 04:36:22 PM

Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

Everyone knows how Bitcoin is a decentralized cryptocurrency and gives us financial freedom. I am wondering how did you realize that in real life that Bitcoin gave us financial freedom? This isn't a question, this is curiosity.

When I realized? And why? Let's describe it shortly.
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

The only financial freedom that was spawned from Bitcoin was the huge increase in price and the fact that some people might have gotten rich based on this alone. We should all congratulate people who had the conviction to hold on for a long time and made a nice sum of money in return. Besides that, Bitcoin has not produced financial freedom in any other respect, unless you might be living under an oppressive government who has banned cryptocurrency trades and you're using it (illegally) to get around this repression. For most people they are wealthy or poor and another currency that can be used worldwide coming into existence does not change that fact.

For those who had believed into those early times did really make out some life changing rewards as the profits that they had earned out did really make out some nice profits but to those who havent then they would

really be needing on doing such investment acts for them to benefit out and this isnt something that would just give out those financial freedom if you wont really act out.

Just like on typical investments that we do know then you do still need to put up effort for you to get grasps of such opportunity.

True, because in the first place we invest to make profits and not to lose money which is ironic to those who invested and wait for several months to earn and when the market dips this months many of them had sold their assets because they probably thought that bitcoin can't recover which infact bitcoin always does. Folks, commitment and patience isn't an easy to path to take but when the market recovers it promises you competitive returns.
In times of dips, let's just make it an advantage to think that bitcoin is just having a discounts for the people to buy more to make profits when it starts to climb again instead of selling it out.

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Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

I guess that you should be consider such question to insult you but you should treat it like their business model. When they are losing one of their customer's business then they will definitely try to make you to continue your deposits then obviously they will ask such questions.

When you are spending your bitcoin for gambling or anything which got less possibilities for good returns and if you have got such questionable people to stop you then you might have save more bitcoins than now. I am just stating this from my experiences as I have spent some some big money on investing into shitcoins and almost lost most of them.

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Quote from: lienfaye on December 22, 2021, 11:59:32 PM

Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

Having no one to interfere and ask questions about my funds and as the only one who can control it made me realize how Bitcoin saved me to be my own bank.

I just realize it the moment I understand the nature of Bitcoin and how I can take advantage it if I engage myself. Its more on security that my money is safe (by having my own private keys) and there's no minimum amount to maintain even it takes a long period unlike in banks.

Yes, I just need to keep my wallet secure with all security features activated and thats it. My funds are safe and none knows my transactions. How lovely is it. The data is stolen in banks and can be easily seen by the employees and yes they can even get into my accounts with out my permission. But yes its not here with Bitcoin. And yes when I was seeking for a part time job in 2016 as I needed money, I found this forum and yes till now, the support has been very immense. Hats off to Satoshi or whomsoever found Bitcoin and yes this forum.

Issa56

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Banks are just very annoying, currently in my country banks are now blocking account that have been involved in Cryptocurrency which lot's of people have their money froozen in there bank account currently, you saving money in your bank account currently is not even save anymore, I believe is better for me to hold bitcoin or leave my money in a stable coin and I can make transactions at any moment I like without anybody asking me unnecessary questions.

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Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

Having no one to interfere and ask questions about my funds and as the only one who can control it made me realize how Bitcoin saved me to be my own bank.

I just realize it the moment I understand the nature of Bitcoin and how I can take advantage it if I engage myself. Its more on security that my money is safe (by having my own private keys) and there's no minimum amount to maintain even it takes a long period unlike in banks.

Lanatsa

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Quote from: Hamphser on December 22, 2021, 04:43:12 PM

Quote from: Fortify on December 22, 2021, 04:36:22 PM

Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

Everyone knows how Bitcoin is a decentralized cryptocurrency and gives us financial freedom. I am wondering how did you realize that in real life that Bitcoin gave us financial freedom? This isn't a question, this is curiosity.

When I realized? And why? Let's describe it shortly.
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

The only financial freedom that was spawned from Bitcoin was the huge increase in price and the fact that some people might have gotten rich based on this alone. We should all congratulate people who had the conviction to hold on for a long time and made a nice sum of money in return. Besides that, Bitcoin has not produced financial freedom in any other respect, unless you might be living under an oppressive government who has banned cryptocurrency trades and you're using it (illegally) to get around this repression. For most people they are wealthy or poor and another currency that can be used worldwide coming into existence does not change that fact.

For those who had believed into those early times did really make out some life changing rewards as the profits that they had earned out did really make out some nice profits but to those who havent then they would

really be needing on doing such investment acts for them to benefit out and this isnt something that would just give out those financial freedom if you wont really act out.

Just like on typical investments that we do know then you do still need to put up effort for you to get grasps of such opportunity.

This is true on which you would need still to invest if you do like to make some profits which means risk taking thing and not all would really be that comfortable on dealing with crypto investment
because they do know its volatile compared into those typical stock or indices investments which most people been eyeing on.

Its a personal choice because some people could take risk and some would really love to play safe but actually theres no such word "safe" in the world of investment
whether you do invest on typical investments or deal up with crypto investments.

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Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

Everyone knows how Bitcoin is a decentralized cryptocurrency and gives us financial freedom. I am wondering how did you realize that in real life that Bitcoin gave us financial freedom? This isn't a question, this is curiosity.

When I realized? And why? Let's describe it shortly.
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

Ours is the worst, me and my wife are afraid of losing our funds everyday since the issues of our bank got out. Unknown and unauthorized withdrawals are widely known recently. We can't close the account since we need it on our small business. The only thing we make sure is we don't left the money there, we only put minimum balance. We have used Bitcoin a long time ago and we haven't encounter problems utilizing it and gives us freedom of our money.
Another problem is the maximum withdrawals per day, if it exceeds you have to wait until tomorrow unless you go over the counter and asked too many questions like what you have said.

TelolettOm

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I realized when I don't need to pay any tax because of Bitcoin because so far, crypto is not in tax in my country.
Additionally, because Bitcoin is not legal as a currency, I still have limitation to use Bitcoin and crypto for payment.
But at least, I really feel about the freedom of financial during this pandemic, where I can still get income from Bitcoin and crypto, while I see many people are jobless because of this pandemic.
And about the relation to bank system, In my opinion, bank is more complicated moreover related to the administragion. And when we need something from bank, we need sometimes some complex administrations to complete.

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Quote from: Fortify on December 22, 2021, 04:36:22 PM

Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

Everyone knows how Bitcoin is a decentralized cryptocurrency and gives us financial freedom. I am wondering how did you realize that in real life that Bitcoin gave us financial freedom? This isn't a question, this is curiosity.

When I realized? And why? Let's describe it shortly.
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

The only financial freedom that was spawned from Bitcoin was the huge increase in price and the fact that some people might have gotten rich based on this alone. We should all congratulate people who had the conviction to hold on for a long time and made a nice sum of money in return. Besides that, Bitcoin has not produced financial freedom in any other respect, unless you might be living under an oppressive government who has banned cryptocurrency trades and you're using it (illegally) to get around this repression. For most people they are wealthy or poor and another currency that can be used worldwide coming into existence does not change that fact.

For those who had believed into those early times did really make out some life changing rewards as the profits that they had earned out did really make out some nice profits but to those who havent then they would

really be needing on doing such investment acts for them to benefit out and this isnt something that would just give out those financial freedom if you wont really act out.

Just like on typical investments that we do know then you do still need to put up effort for you to get grasps of such opportunity.

Fortify

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Quote from: The Cryptovator on December 11, 2021, 08:09:05 AM

Everyone knows how Bitcoin is a decentralized cryptocurrency and gives us financial freedom. I am wondering how did you realize that in real life that Bitcoin gave us financial freedom? This isn't a question, this is curiosity.

When I realized? And why? Let's describe it shortly.
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

The only financial freedom that was spawned from Bitcoin was the huge increase in price and the fact that some people might have gotten rich based on this alone. We should all congratulate people who had the conviction to hold on for a long time and made a nice sum of money in return. Besides that, Bitcoin has not produced financial freedom in any other respect, unless you might be living under an oppressive government who has banned cryptocurrency trades and you're using it (illegally) to get around this repression. For most people they are wealthy or poor and another currency that can be used worldwide coming into existence does not change that fact.

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Quote from: Mauser on December 18, 2021, 09:02:49 AM

So far I didn't full realise my financial freedom yet. Crypto currencies are a big part of my investments, the rise in crypto prices shows the power of a decentralised financial system. But to reach freedom I need to buy physical things again. The most important one is probably owning a house. Only after living in my own 4 walls without paying back a bank loan I could fully feel financial freedom. Even if we make decent money with cryptos, as long as we need to pay large monthly bills in fiat money are we stuck in the rat race. Escaping the rat race from Robert Kyiosaki would mean freedom for me.

You will get there as long as you keep working towards your goal, it could take a long time but you will get it if you are as focused on your goals as you are now.

After all you are invested in the market that has given the most profits during the last decade, and even if the profits that bitcoin and some other major altcoins can give are now more limited, at the same time there is still a lot of potential profits to be had as long as you are willing to hold your coins for the long term.

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