The Concept of Freedom In Cryptocurrency: Important or Nay?

[Dr.Bitcoin_Strange]

I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.

The problem with the newcomers in cryptocurrency is that, they do come with targets, which is mostly a process of making quick money. Most of them don't enjoy the freedom of cryptocurrency because they were mostly introduced to cryptocurrency through centralized exchanges; they are used to centralize exchanges that are mostly targeted by the government, especially in countries where the government bans the use of cryptocurrency; and some of the newcomers don't have an idea of personal wallets where they can have full control over their coins if they move their coins to their personal wallets. The freedom in cryptocurrency is when you hold your coins in your personal wallet you can control.

I agree with you that being your own bank is the best way to enjoy the freedom in bitcoin because that was how it was designed. These newbies don't understand the privacy that bitcoin gives and for that reason they take it for child's play and use it the way they want. One thing that I love more is across boarder payment and no one has access to know who the sender and receiver is because of the anonymity bitcoin gives. Privacy matters a lot in our lives and bitcoin is the only currency that offers that..

Have you ever asked yourself why most governments and financial institutions are solidly against Bitcoin and its mass adoption? This is because they know how much they benefit from managing people’s finances, and knowing that the decentralized nature of Bitcoin and other crypto currencies removes that authority from their hands as puts it in the hands of the citizens and giving them full custody of their finances makes them feel threatened by this reality. Even with the across the border and international transfers, using the traditional banking system can be a lot more expensive, and the banks also use this method to extort people too. But Bitcoin makes it very convenient for everyone.

[|MINER|]

One thing I have always used in generalizing cryptocurrency is that they all give us various options, i.e we choose the money we use, and not the money choosing us like the fiat we have today. But I have issues with majority of these cryptocurrencies that we are having today. When we take our time to observe some of these cryptocurrencies and our today fiat, the only difference would probably be that one is digital while the other is physical. Because when you take a good look at some of these cryptocurrencies that we have today, they are easily manipulated, while majority have unlimited supply which is even the primary cause of manipulation, which is clearly unlike Bitcoin and few others.

Then if we care about our privacy and the financial freedom of us then we shouldn't go for the those coins which don't give us full privacy and the financial freedom. And we also don't have to use all of them we can go with only one like Bitcoin and the others privacy coin but bitcoin will be in the best for financial freedom as no one can easily manipulate it and the way it is spreading on the peoples all over the world it gain more decentralized ecosystem.

[lepbagong]

One thing I have always used in generalizing cryptocurrency is that they all give us various options, i.e we choose the money we use, and not the money choosing us like the fiat we have today. But I have issues with majority of these cryptocurrencies that we are having today. When we take our time to observe some of these cryptocurrencies and our today fiat, the only difference would probably be that one is digital while the other is physical. Because when you take a good look at some of these cryptocurrencies that we have today, they are easily manipulated, while majority have unlimited supply which is even the primary cause of manipulation, which is clearly unlike Bitcoin and few others.

Then if we care about our privacy and the financial freedom of us then we shouldn't go for the those coins which don't give us full privacy and the financial freedom. And we also don't have to use all of them we can go with only one like Bitcoin and the others privacy coin but bitcoin will be in the best for financial freedom as no one can easily manipulate it and the way it is spreading on the peoples all over the world it gain more decentralized ecosystem.

It must be admitted that bitcoin does have characteristics according to what you said, and it must also be remembered that it has very little risk that will be experienced if we make an investment., The problem is only one, until now, because the price of bitcoin is very high, so that many have difficulty being able to make an investment, and it must be remembered that bitcoin is a long-term investment.
Maybe if you are patient, you can use the DCA scheme to finally get what you want.

[bayu7adi]

When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.

I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.

Yes, indeed the transaction mechanism without involving a third party is sometimes an advantage in itself, and not everyone can feel that as a benefit. Many people see the profits generated by trading as an advantage for them, and forget the real purpose of Bitcoin.

People who really study Bitcoin should also know that the privacy in the cryptocurrency world is better than the use of current FIAT currencies... transparent but privacy is maintained and that is more than enough than the banking system.

[|MINER|]

It must be admitted that bitcoin does have characteristics according to what you said, and it must also be remembered that it has very little risk that will be experienced if we make an investment., The problem is only one, until now, because the price of bitcoin is very high, so that many have difficulty being able to make an investment, and it must be remembered that bitcoin is a long-term investment.
Maybe if you are patient, you can use the DCA scheme to finally get what you want.

I certainly won't deny that bitcoin is a risk-free as an investment, but in this case, what I'm prioritizing is that if we use bitcoin instead of using fiat cash or digital fiat currency to buy anything else, it will give us more decentralization. Will do and give us financial freedom.
And in terms of investment, Bitcoin definitely contains risk, I will never say that no one loses here, if someone does not invest in Bitcoin in the right way, due to its highly volatile market conditions, he can also face huge losses. So I also agree with you that investment should be done by risk management by following DCA scheme.

[Faisal2202]

Keeping something very sensitive like ownership of crypto assets is very important to do. Don't just do flexing that is really not needed.

Because many people start to be arrogant and show off their wealth on social media, even though it will provoke evil to target them.
Seeing that many crypto influencers have a lot of money with millions of dollars in assets, of course they need a bodyguard when they get out of their safe zone and that is always needed, this is due to the flexing they do. But felxing for influencers also brings in more followers and that's their goal.

You are right about getting flowers and how they intentionally show their followers things that will motivate them to keep watching their videos. This is just another scheme of getting views, and nowadays most of the Youtubers and influencers are showing their wealth and lifestyle of themselves to motivate and attract more followers.

Sometimes bodyguards can tip robbers about your routes, and most of the time, its the work of an insider to help outsiders to loot you. We should not flex our money, as in crypto we can easily keep our investment hidden but in the physical world, it is not that easy.

[bhadz]

There is so much freedom with Bitcoin. We hold our own money(BTC) freely and there's no government that can take it from us unless it goes in the exchanges and their control is in there. Also, about financial freedom. The early investors are experiencing this right now and those that are keeping up and holding it for the next years to come, it is very likely that they're the next in line to achieve financial freedom.

[Crypto Library]

There is so much freedom with Bitcoin. We hold our own money(BTC) freely and there's no government that can take it from us unless it goes in the exchanges and their control is in there. Also, about financial freedom. The early investors are experiencing this right now and those that are keeping up and holding it for the next years to come, it is very likely that they're the next in line to achieve financial freedom.

Yeap this is called the decentralized eco system which is possible only for the bitcoin invention and there is the most important thing in cryptocurrency is the financial freedom.
Investment, trading or holding these things came later than Bitcoin is basically the traditional fiat cash currency which keeps us captive to the bank. And the rise of cryptocurrency to grant financial freedom from that captivity. So I am recalling that the concept of financial freedom in cryptocurrency I mean in the bitcoin is the most important.

[lepbagong]

There is so much freedom with Bitcoin. We hold our own money(BTC) freely and there's no government that can take it from us unless it goes in the exchanges and their control is in there. Also, about financial freedom. The early investors are experiencing this right now and those that are keeping up and holding it for the next years to come, it is very likely that they're the next in line to achieve financial freedom.

Indeed, the advantages it has with bitcoin are according to what you said, and it cannot be prevented by anyone and this freedom is very felt and very beneficial. But everything will change if we transact on the exchange, then it will be able to take control by itself, and it is a risk because we trust the exchange, so in the exchange there is that freedom.
I think if you he do to hold in a long time then he is the one who can decide and everything stays up to himself and freedom is up to him.

[taufik123]

There is so much freedom with Bitcoin. We hold our own money(BTC) freely and there's no government that can take it from us unless it goes in the exchanges and their control is in there. Also, about financial freedom. The early investors are experiencing this right now and those that are keeping up and holding it for the next years to come, it is very likely that they're the next in line to achieve financial freedom.

It is true financial freedom so it is not tied to any government or bank.
You can manage your own money with Bitcoin, there are no taxes or deductions whatsoever.

You are free to use it as anything, although some regulations prohibit it, but there are now some countries that are making full adoption of bitcoin.

[sampoerna]

Have you ever asked yourself why most governments and financial institutions are solidly against Bitcoin and its mass adoption? This is because they know how much they benefit from managing people’s finances, and knowing that the decentralized nature of Bitcoin and other crypto currencies removes that authority from their hands as puts it in the hands of the citizens and giving them full custody of their finances makes them feel threatened by this reality. Even with the across the border and international transfers, using the traditional banking system can be a lot more expensive, and the banks also use this method to extort people too. But Bitcoin makes it very convenient for everyone.

I am lucky enough to live in a country that has legalized Bitcoin, even though it is only a commodity asset, not as a means of payment. At least, I have the freedom to be involved in this crypto business without fear of government regulations, without having to do it secretly, to cashing it into a bank account.

Yes, even though finally there is also a fairly high return to the government, namely direct tax payments deducted from our transactions on local exchanges. But that's enough, hopefully one day the government can legalize Bitcoin as one of the legal shipping tools, it's just that this might be a bit difficult because it does have to change the law. So, let it be and flow as usual.

[Report]

As long as our crypto assets are in markets such as binance or local markets that have regulations for KYC, it is not freedom in cryptocurrency because our assets are monitored at Exchange. Cryptocurrency can be a freedom asset by storing BTC or Altcoins assets in private wallets. In general, according to my answer to cryptocurrency as a freedom asset is agreeing because my BTC is my BTC and not entitled to other people know the BTC assets are known to them.

[Dr.Bitcoin_Strange]

As long as our crypto assets are in markets such as binance or local markets that have regulations for KYC, it is not freedom in cryptocurrency because our assets are monitored at Exchange. Cryptocurrency can be a freedom asset by storing BTC or Altcoins assets in private wallets. In general, according to my answer to cryptocurrency as a freedom asset is agreeing because my BTC is my BTC and not entitled to other people know the BTC assets are known to them.

Yes you’re absolutely correct. Self custody remains the only way one can actually boast of Bitcoin or any other crypto being decentralized. One of the key importance of the emergence of cryptocurrency is its decentralized nature, whereby all financial control is give to the individual who owns the money, without any form of external interference or third party, you don’t get to be told how and when to spend your money, all financial control remains with you. And the only way achieve this is to store your Asset in a non custodial wallet, just as you’ve rightly pointed   

[Dr.Bitcoin_Strange]

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[lepbagong]

As long as our crypto assets are in markets such as binance or local markets that have regulations for KYC, it is not freedom in cryptocurrency because our assets are monitored at Exchange. Cryptocurrency can be a freedom asset by storing BTC or Altcoins assets in private wallets. In general, according to my answer to cryptocurrency as a freedom asset is agreeing because my BTC is my BTC and not entitled to other people know the BTC assets are known to them.

even though it does use KYC, but is on the exchange, it is certain that the assets we have can be monitored if desired, and you are right that it is not freedom that can be interpreted as we have it, but other people do not know, and it can only be done on the, hardwallet that we do have and everyone cannot know freely. What you say is true that in general the freedom of the assets we have such as btc will be safe and unknown if we can store it in our own wallet without being known by others.