Financial Freedom and Bitcoin

[sampoerna]

Unfortunately, all of that can't happen in my country because there are strict rules regarding the use of legal payment instruments according to the law. and if we violate it, it is a crime and will be subject to sanctions. BTC is indeed legal as a commodity asset for trading on exchanges or for investment with their respective risks. However, it is illegal when used as a means of payment.

Not only that, the government's interference here does not stop there. Even all of our transactions in our local exchanges are immediately subject to tax deductions. And every exchange here must be registered with an authorized government institution, otherwise it will be illegal and restricted. The government doesn't just stop there.

But if it is professional, Bitcoin really helps a lot of things. even after we see the pin, we know that Bitcoin has helped many underprivileged families become much better. From various trading activities, investments, or other activities related to BTC specifically or crypto in general. This has indeed helped improve the economic level of many families. this cannot be denied.

[Jamal Aezaz]

Bitcoin price over time can be greater than other investments and the potential for profit is high. For marginal people can continue to accumulate bitcoins from their daily needs as well as disposable income. Analyzing the past price history, Bitcoin has a higher tendency to return than other cryptos, so I think it is better to hold for the long term.

The price of Bitcoin is showing huge gain in contrast with the other sort of coin investment because other coins do not show the same growth as shown by bitcoin always. Numerous individuals have chosen bitcoin for the purpose of investment and the main reason is that every year it attains the value more than one expects about it..

Holding Bitcoin has provided a good opportunity of earning without any fear so I think if a person is financially able to buy Bitcoin then missing opportunity is not a good idea as they will realize its potential when its price gets bigger.

[Husires]

But if it is professional, Bitcoin really helps a lot of things. even after we see the pin, we know that Bitcoin has helped many underprivileged families become much better. From various trading activities, investments, or other activities related to BTC specifically or crypto in general. This has indeed helped improve the economic level of many families. this cannot be denied.

These measures will not prevent users from buying Bitcoin, but they will make them more careful not to sell or invest in altcoin, and then their financial situation will be better if these individuals decide to invest in Bitcoin for the long term.

[0t3p0t]

Bitcoin is for everyone that loves the idea of it regardless of financial status. Rich people has an advantage to this as they can invest on it more than average people but Bitcoin does not limit us and decentralization helps average people escape inflation so Bitcoin for me gaves us ordinary people an opportunity to build financial freedom depending on our capacity as enthusiasts.

[laijsica]

Bitcoin is for everyone that loves the idea of it regardless of financial status. Rich people has an advantage to this as they can invest on it more than average people but Bitcoin does not limit us and decentralization helps average people escape inflation so Bitcoin for me gaves us ordinary people an opportunity to build financial freedom depending on our capacity as enthusiasts.

You are right. The wealth of the wealthy allows them to buy bitcoin with a lump sum, giving them an added incentive to buy more aggressively even in bearish period. But depositing bitcoin with DCA strategy is an ideal method for everyone who can set aside any amount to deposit bitcoin every week or every month. Yes rich investors can diversify their portfolio in short term but by managing DCA any investor with long term Bitcoin accumulation can get huge stash and diversify portfolio.

[Faisal2202]

If you look at the economy of various countries under inflation pressure, you will see how the prices of goods are constantly increasing and the value of your real assets is going down. The product you can buy today for $5, you bought at least 5 times less than the current price years ago. Similarly the value of your tangible assets or your salary has not increased comparatively. That means constant pressure on fiat and the poor getting poorer.

Holding Bitcoin for a long time and its growth over time can keep you financially unburdened and free from government interference considering an independent currency is your own independent and powerful economic sphere.

So you were talking in this sense. Well in this sense I can't agree more with you because no doubt inflation is increasing at a faster rate while salaries are not. People are unable to make a good living with one job they are finding part-time jobs and in a developing country there is no concept of a part-time job. At least in my country, there is not. But we have an over-time system with undesirable salaries.

The point is developing countries are suffering a lot due to inflation and many people are now considering illegal ways to make money legal and moral, the pressure of inflation has molded their minds and moral levels. That's really frightening as well.

Bitcoin holding also needs investment and money first to get some Satoshies and many people can't really get financial freedom with BTC if they only have $100 to $500 worth of BTC. I hope you get my point. To make good living out of crypto poor have to avail every option and all of them are risky as well.

[Hamza2424]

In a capitalist society where the rich are getting richer and the poor are poorer, the introduction of crypto-finance can create a sustainable economic environment in the face of inflation. The expansion of trade in decentralized financial systems and especially the rising value of Bitcoin can be an important hedge for marginalized people. Also, by introducing transactions at various institutional levels, excess pressure on the fiat can be reduced, which can help curb inflation. Above all, economic freedom at the individual level and expansion of the institutional transaction system can bring a positive financial outlook for the entire country

What is your opinion?

Hmm, Introduction of crypto finance well I'll call it a decentralized crypto-finance system, as if you are still relying on the same pattern where all of the things are under a centralized authority it won't make any difference from the current system.

TBH, I'm not sure why people exaggerate the Bitcoin with the financial freedom, because Bitcoin is not a Jennie to fix all the problems with desired wishes, TBH to achieve financial freedom all you can do is be a good financial planner rather than rely on the 9 to 5 job. Bitcoin can help you as a store of value nothing more than that, if on a higher node, we should expect something is a decent return on the investment it cant convert your life from lower middle class to upper middle class.

[laijsica]

In a capitalist society where the rich are getting richer and the poor are poorer, the introduction of crypto-finance can create a sustainable economic environment in the face of inflation. The expansion of trade in decentralized financial systems and especially the rising value of Bitcoin can be an important hedge for marginalized people. Also, by introducing transactions at various institutional levels, excess pressure on the fiat can be reduced, which can help curb inflation. Above all, economic freedom at the individual level and expansion of the institutional transaction system can bring a positive financial outlook for the entire country

What is your opinion?

Hmm, Introduction of crypto finance well I'll call it a decentralized crypto-finance system, as if you are still relying on the same pattern where all of the things are under a centralized authority it won't make any difference from the current system.

The crypto financial system should be the same and decentralized from the traditional financial system. Where individuals will have complete freedom to hold their valuable crypto assets and will not be required to hold their assets in traditional institution. Besides, saving the right currency such as Bitcoin can grow over time and own huge stash.

[Dr.Bitcoin_Strange]

In a capitalist society where the rich are getting richer and the poor are poorer, the introduction of crypto-finance can create a sustainable economic environment in the face of inflation. The expansion of trade in decentralized financial systems and especially the rising value of Bitcoin can be an important hedge for marginalized people. Also, by introducing transactions at various institutional levels, excess pressure on the fiat can be reduced, which can help curb inflation. Above all, economic freedom at the individual level and expansion of the institutional transaction system can bring a positive financial outlook for the entire country

What is your opinion?

Hmm, Introduction of crypto finance well I'll call it a decentralized crypto-finance system, as if you are still relying on the same pattern where all of the things are under a centralized authority it won't make any difference from the current system.

The crypto financial system should be the same and decentralized from the traditional financial system. Where individuals will have complete freedom to hold their valuable crypto assets and will not be required to hold their assets in traditional institution. Besides, saving the right currency such as Bitcoin can grow over time and own huge stash.

Bitcoin investment is the best investment in the world and one can save his or her money and still get profit, a lot of people now prefer saving there money in Bitcoin than doing it with banks, when you save your money with banks the profit is very low or nothing but savings your money in Bitcoin is an investment and a very good one at that.
There was a news I saw some time ago were a man was saving millions with a bank for years and the bank because of financial issues has been broken down and is even struggling to pay there clients there money back the man only got his money back after some time without any interest and he has been saving his money with those banks for 5 years, I was just imagining how great his profit would have been if he saved his money in Bitcoin as a form of investment.

Bitcoin is a good way of saving and is the best, when you have money you want to save you can use it to invest in Bitcoin, I know of someone that put his life savings in Bitcoin and he has been holding for years now and as I'm speaking to you right now the man is very successful through his profit from Bitcoin.
It is advised that everyone should invest in Bitcoin or use his or life savings to invest in Bitcoin instead of saving it in Bank.

[Fivestar4everMVP]

In a capitalist society where the rich are getting richer and the poor are poorer, the introduction of crypto-finance can create a sustainable economic environment in the face of inflation. The expansion of trade in decentralized financial systems and especially the rising value of Bitcoin can be an important hedge for marginalized people. Also, by introducing transactions at various institutional levels, excess pressure on the fiat can be reduced, which can help curb inflation. Above all, economic freedom at the individual level and expansion of the institutional transaction system can bring a positive financial outlook for the entire country

What is your opinion?

Even with Bitcoin in our society, there can never be a general financial freedom for all, there will always be the rich ones and there will always be poor ones in our societies, a person's financial status will depend on several factors, which includes
- Level of education.
- What one chooses to do for a living.
- Location of where a person lives.
- Level of financial literacy and choices when making decisions.

This and many more is what will determine who will be rich or poor, and as a matter of fact, fiat is crumbling and bitcoin can not save it, bitcoin and fiat are both money but both have no link with each other, neither can save the other.

[TomPluz]

Unfortunately, all of that can't happen in my country because there are strict rules regarding the use of legal payment instruments according to the law. and if we violate it, it is a crime and will be subject to sanctions. BTC is indeed legal as a commodity asset for trading on exchanges or for investment with their respective risks. However, it is illegal when used as a means of payment. Not only that, the government's interference here does not stop there. Even all of our transactions in our local exchanges are immediately subject to tax deductions. And every exchange here must be registered with an authorized government institution, otherwise it will be illegal and restricted. The government doesn't just stop there.

So sad to see people who are really interested with Bitcoin and the many possible rewards it is bringing but they are hampered by their very own governments who seem do not fully grasp the significance of it and the technology it is bringing for all people. Still, good to hear that you guys in there are allowed to invest in Bitcoin but can be paying a high tax in doing so. I am hoping that soon there can be changes to the way your government is treating Bitcoin and will look at it not as an enemy that must be controlled. I am happy that my government is not doing the same since we are all free to participate in the cryptocurrency industry and we do not have a very strict tax implementation though this might change into the future.

[yhiaali3]

Bitcoin brings financial freedom at the individual level to all societies, not just to the capitalist society, even in poor countries for those who have some few resources to get some Bitcoin by selling their savings or some of their assets or even through the many fields of work available in Bitcoin and cryptocurrencies, and all of this leads to the recovery of the economy and many individuals obtaining their financial freedom.

I am speaking from my personal experience, as I live in a poor country with a depleted economy and through my work in Bitcoin I obtained my financial freedom and greatly improved my living situation.

[God Of Thunder]

While bankers who have been spending the last 10 years calling crypto a scam are scurrying to get whatever is remaining of it in the form of ETFs.

Probably you are talking about a particular side of the world where the bankers even started accumulating Bitcoin.
But when it comes to most third-world countries, there is no sign of Bitcoin adoption at all. I believe we are 20 years behind in the current world where we still have internet blackouts and there is no guarantee that there won't be an electricity blackout as well. Most of the ministers of the last government do not know anything about Bitcoin because most of their age is over 50 and they do not even know anything about the tech world. They still rely on Fiat and they don't even know how to utilize their youth to develop their countries. I hope new government will focus on these things and we will have Bitcoin legality.

[0t3p0t]

In a capitalist society where the rich are getting richer and the poor are poorer, the introduction of crypto-finance can create a sustainable economic environment in the face of inflation. The expansion of trade in decentralized financial systems and especially the rising value of Bitcoin can be an important hedge for marginalized people. Also, by introducing transactions at various institutional levels, excess pressure on the fiat can be reduced, which can help curb inflation. Above all, economic freedom at the individual level and expansion of the institutional transaction system can bring a positive financial outlook for the entire country

What is your opinion?

Hmm, Introduction of crypto finance well I'll call it a decentralized crypto-finance system, as if you are still relying on the same pattern where all of the things are under a centralized authority it won't make any difference from the current system.

The crypto financial system should be the same and decentralized from the traditional financial system. Where individuals will have complete freedom to hold their valuable crypto assets and will not be required to hold their assets in traditional institution. Besides, saving the right currency such as Bitcoin can grow over time and own huge stash.

Buy and hold is I think the old and traditional way in investing Bitcoin and this method has become more common nowadays and adoption in this kind of investments surge and I can see more people are achieving financial freedom on this industry in the future rather than in the traditional centralized financial system. Though we have a lot of strategies to execute nowadays but still it depends on our personal preferences.

[armanda90]

Bitcoin brings financial freedom at the individual level to all societies, not just to the capitalist society, even in poor countries for those who have some few resources to get some Bitcoin by selling their savings or some of their assets or even through the many fields of work available in Bitcoin and cryptocurrencies, and all of this leads to the recovery of the economy and many individuals obtaining their financial freedom.

I am speaking from my personal experience, as I live in a poor country with a depleted economy and through my work in Bitcoin I obtained my financial freedom and greatly improved my living situation.

Not easily reach financial freedom for poor people not support capital start for trading or investing, every one has difference luckiness and right now seems very difficult get financial freedom when starting from zero. Possibility in last several years ago with many potential airdrop and we can spent half for reward keep invest in bitcoin, right now many airdrop get difficult to earn profitable and seems less possibility get financial freedom with bitcoin without have capital.

But I believe with many people get helpful reach financial freedom after investing and knowing the way to earn money with bitcoin, they can invest or looking for way earn money in bitcoin without need to invest firstly.