Did you realize in real life how Bitcoin gave us financial freedom? - page 4.

milewilda

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Quote from: dunfida on December 13, 2021, 05:55:18 PM

Quote from: budi12 on December 13, 2021, 12:55:26 PM

It all depends on how you trade with bitcoin, if you trade daily for profit then your days can fulfill all your desires. Likewise, if you make long-term investments with bitcoin, you basically have to have other jobs before you get a large return on the value of your investment. Financial freedom has been felt by many people who use crypto, especially those who have invested in bitcoin.

Not only with Bitcoin but on other coins as well specially to those who had profitted out on dealing with altcoins too which give out 10-100-1000x
returns which is really something possible and could give that opportunity to have some financial freedom.

If you are living with it on daily basis because of trades then its up to someone on how they would be dealing with it.Not all would be having
the same capability or skills.

So it does vary on how they handle up themselves into this market.

Of course you would need to work and not just sitting there and waiting to make money unless if you do have leverage businesses which can sustain your living but if you are dealing on something which does need some effort then you do need to work for that and wont be waiting specially when you are trading.You do need to be smart and skillful on making profits and some tend to hold for long term or tend to be idle because they cant just handle
up volatility.Financial freedom is something that could be acquired on having lots of income sources.

glendall

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have never experienced banking service difficulties in transacting withdrawals from the exchange,
maybe I'm in a small amount not big so the bank is too worried about the bank to ask the source of my funds
it's true that bitcoin helps me in the economy, but I hope bitcoin can help me financially free from debt and installments

dunfida

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Quote from: budi12 on December 13, 2021, 12:55:26 PM

It all depends on how you trade with bitcoin, if you trade daily for profit then your days can fulfill all your desires. Likewise, if you make long-term investments with bitcoin, you basically have to have other jobs before you get a large return on the value of your investment. Financial freedom has been felt by many people who use crypto, especially those who have invested in bitcoin.

Not only with Bitcoin but on other coins as well specially to those who had profitted out on dealing with altcoins too which give out 10-100-1000x
returns which is really something possible and could give that opportunity to have some financial freedom.

If you are living with it on daily basis because of trades then its up to someone on how they would be dealing with it.Not all would be having
the same capability or skills.

So it does vary on how they handle up themselves into this market.

budi12

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It all depends on how you trade with bitcoin, if you trade daily for profit then your days can fulfill all your desires. Likewise, if you make long-term investments with bitcoin, you basically have to have other jobs before you get a large return on the value of your investment. Financial freedom has been felt by many people who use crypto, especially those who have invested in bitcoin.

Wipeout2097

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Traditional banks bcome ancient mold beause no development aftet computerized card,But still we caught becaus of government.Yes BTC give you protection and opportunity how much you claim no one will inquire you,But on the off chance that you need open an account there's constrain and we make exchanges in restrain and grant verification that how we win that money. Bitcoin is future worldwide money but still banks dont take it genuine some time recently it gotten to be as well late they will do doubtlessly beacuse request of populace and in case they dont at that point will exit from the market. There are numerous benefits of BTC conjointly lacks but government can fill to form arrangement approximately Bitcoin to faciliate the common individuals.

Gudhal Untu

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In my opinion to achieve financial freedom with bitcoin is to have a capital of at least $ 250k or 5 btc, with 5 btc we can use it for staking on binance or other exchanges so that without working we can earn at least $ 5000 per month (for the current rate), for me with $ 5000 then it can be used for business capital.

Lubang Bawah

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I know bitcoin and cryptocurrencies since 2013 when the price of bitcoin skyrocketed past $1000, at that time many media reported including bloomberg tv which updated news about bitcoin almost every day, and since 2014 i have been active for bitcoin earning with faucets, ptc, and many giveaways those who pay with bitcoin, at that time it was still easy to earn bitcoin, even I was earning up to 0.5 btc a day because of the lucky draw.

Alisha-k

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It's normal for banks to ask such questions when you're withdrawing directly from the counters especially if you're going to withdraw huge amounts of money, this is most times so the know if they're the reason why you want to cash out and so the could buckle up if there's any need for that.

The privacy we have in the crypto world cannot be overemphasized,it's just amazing how you have access to your funds without being answerable to anyone.

paxmao

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More or less. I have used it a few times for transfers and the like, but I am mostly a hodler. Bitcoin has not changed my life greatly, although I am fully aware that it is the case for many others in the forum.

My attitude towards money, bitcoin and investment is thinking in the very long term, decades or even a century ahead. To put it plainly, I hope that my grandchildren are born financially free. Taking that approach means that you will not take as much advantage of your personal achievements during your life time and it is a philosophy that is completely opposite to all the messages you are getting out there from commercial advertising, financial institutions, news outlets and society in general - so it is not for everyone.

RealMalatesta

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Quote from: Leviathan.007 on December 12, 2021, 04:51:14 AM

I believe everyone has his own imagination from financial freedom, for some people economic freedom is mostly about to have privacy and for some other people due to their situation economic freedom is just about transferring money without of the paper works to another country. I think bitcoin gave us the freedom to act like we are all living in one country where anyone can have his own bank account, no matter at what age and what tax situation, people from all over the world can have their own wallets even if their country is suffering economic sanctions.

I can vouch for this. I know people with a lot less money acting like they are very rich as soon as they see even slightest amount of profit and their return to regular life is very quick, and I have seen very wealthy people living like mormons as well, I have a friend who has 16+ million dollars (not really a friend but someone I know online from crypto world) and he was using a very very old Samsung phone, like the ones you can get for 50 bucks because it is like 10 years old, dude barely got himself a new iPhone 11 in the age of iphone 13 pro max plus or whatever.

This doesn't mean rich people do not spend money, they very well do, it is just that everyone has different understanding of richness, not everyone will be living a horrible life, even a very well educated person with taste living with minimum salary will have a different life than an uneducated lack of vision person living with minimum salary.

ReiMomo

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I would love to say a lot about it since earning Bitcoin from this forum from 2016. Yes indeed it was and is so supportive. I remember, I was looking for an online jobs and yes my friend informed me about bitcointalk.org forum and taught me to work on it. I would say, only Bitcoin earnings in those days were so so so supportive to manage my needs along with my small income from my regular job.

molsewid

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Quote from: Leviathan.007 on December 12, 2021, 04:51:14 AM

I believe everyone has his own imagination from financial freedom, for some people economic freedom is mostly about to have privacy and for some other people due to their situation economic freedom is just about transferring money without of the paper works to another country. I think bitcoin gave us the freedom to act like we are all living in one country where anyone can have his own bank account, no matter at what age and what tax situation, people from all over the world can have their own wallets even if their country is suffering economic sanctions.

Yes definitely everyone has their own kind of definition on how they would describe the word financial freedom but I guess we are in the same perspective when it comes to aim how to increase our earnings and that is where bitcoin for me comes into picture. I mean today I realize that having or owning a single bitcoin makes me a millionaire when it is converted into our fiat but on the other hand owning bitcoin without any knowledge how to handle it properly how to make this asset grow will not going to sustain my dream of having a financial freedom. For me, owning a bitcoin comes with responsibility, this token is truly an asset that needs to be managed properly.

BIT-BENDER

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Quote from: Leviathan.007 on December 12, 2021, 04:51:14 AM

I believe everyone has his own imagination from financial freedom, for some people economic freedom is mostly about to have privacy and for some other people due to their situation economic freedom is just about transferring money without of the paper works to another country. I think bitcoin gave us the freedom to act like we are all living in one country where anyone can have his own bank account, no matter at what age and what tax situation, people from all over the world can have their own wallets even if their country is suffering economic sanctions.

Bitcoin and crypto-currency brought you close to ourselves in terms of our financial transactions, without the government approval or disapproval, I feel this is part of the grudges the government has with crypto-currency, regardless, in term of financial increment Bitcoin has giving financial increment to some through investing/trading or other means, but before Crypto-currency and bitcoin people has made profits in a way relating to investing, trading so that's not crypto-currency unique qualities, it's main uniqueness is that it's decentralized.

takngantuk

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

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

its been a long time, maybe when i got to know bitcoin for the first time. I realize the current banking system is very annoying and doesn't give us freedom. lots of regulation and don't forget about taxes. I'm not hating about this, but come on I can compromise on taxes, but why am I in trouble just to spend my money. bitcoin is different, it's like I was given freedom. although always dealing with KYC, but this is better because it doesn't bother me. I have experience sending money to different countries, usually I use Western union with a large fee. but with bitcoin or other crypto, everything is done easily. this is one form of freedom from crypto that I feel.

The Cryptovator

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Quote from: Leviathan.007 on December 12, 2021, 04:51:14 AM

I believe everyone has his own imagination from financial freedom, for some people economic freedom is mostly about to have privacy and for some other people due to their situation economic freedom is just about transferring money without of the paper works to another country. I think bitcoin gave us the freedom to act like we are all living in one country where anyone can have his own bank account, no matter at what age and what tax situation, people from all over the world can have their own wallets even if their country is suffering economic sanctions.

Yea, I know the abbreviation of financial freedom would be different for the individual person. This means it would vary from person to person. But for me, I like freedom storing and spending my funds. I am not worried about taxes, if I earn from my country in real-life jobs, then definitely I have to pay tax. But if the government does not help me out to earn from abroad somehow like freelancing then I don't think they deserve tax. No matter I earn Bitcoin or fiat. Here even I clear all the tax the bank asked many questions. That's the real concern when intend to spend my own funds from the bank. So Bitcoin gives me freedom here. That's what I realized about financial freedom.

pieppiep

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Quote from: Wexnident on December 12, 2021, 03:16:45 AM

Didn't really happen to me tbh. I've always considered banks to be something bad but helpful at the same time? It's like adding those qol changes in a game where you won't exactly see it immediately, but as long as you keep playing, they'd pop up here and there and you'd realize how damn helpful those changes actually were. I've also rarely spent my Bitcoin, and times I did were times I just realized they had an option, so I wanted to try it. I'm guessing they asked for a reason, meaning centralization is there for a reason. Same with Bitcoin being made and used by others, in the end it's really a matter of preference ig?

Sooner or later, you will have your financial freedom like other people. You have the right thing to do by keeping your bitcoin and not spending it on unnecessary things so I think you can get your time to have financial freedom, especially if the price increases later. We can admit that bitcoin really help our life and finance and that is why many people still want to make more bitcoin in many ways because they want to have financial freedom in the future.

Leviathan.007

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I believe everyone has his own imagination from financial freedom, for some people economic freedom is mostly about to have privacy and for some other people due to their situation economic freedom is just about transferring money without of the paper works to another country. I think bitcoin gave us the freedom to act like we are all living in one country where anyone can have his own bank account, no matter at what age and what tax situation, people from all over the world can have their own wallets even if their country is suffering economic sanctions.

Wexnident

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I don't take loans, ask for sig if I ever do.

Didn't really happen to me tbh. I've always considered banks to be something bad but helpful at the same time? It's like adding those qol changes in a game where you won't exactly see it immediately, but as long as you keep playing, they'd pop up here and there and you'd realize how damn helpful those changes actually were. I've also rarely spent my Bitcoin, and times I did were times I just realized they had an option, so I wanted to try it. I'm guessing they asked for a reason, meaning centralization is there for a reason. Same with Bitcoin being made and used by others, in the end it's really a matter of preference ig?

hatshepsut93

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Maybe one day you will be happy that banks ask those questions, because hackers will try to drain your bank account, and these measures will stop them. Unlike with Bitcoin, where one mistake, one wrong click can cost you all your money. Because Bitcoin's independence doesn't come for free, it also brings a huge responsibility, the responsibility that most people are, let's be honest, not fit to take, as they use "qwerty123" as their password on all sites and click on random links and spam emails, and download software from the first result of a Google search.

And not everyone is having negative experiences with banks. In fact, most people probably don't, because otherwise there would be higher use of the alternatives, not only crypto but also things like PayPal or Venmo. I this year had to do some fairly large transactions, and I didn't mind that my bank had me to jump through some hoops, because I don't do such transactions every day. It means that someone can't just hijack my sim and drain all my bank account.

palle11

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We all are aware that banks are regulated by agency and government which makes it centralised. Any financial system that is centralised means it is controlled. If banks ask for how much you want to withdraw or how to spend it, it is more of craving into someone's privacy and bitcoin isn't regulated, therefore no such issues as limitation would arise. The only limitation is that exchanges are trying to force some kind of kyc on users and limiting the amount of btc daily withdrawal.

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