Post
Topic
Board Economics
Re: bitcoin wasn’t created to make you rich. It was created to make you free
by
beerlover
on 17/04/2021, 05:27:19 UTC
Every person was dreaming to have a financial freedom at an early age as they can and the fact that today the importance of money really matter because you can't purchase products and services without it. Personally, what I realize about bitcoin especially in this time of pandemic was bitcoin was created for people to use as another way of source of income, to help people ease the difficult times of living. Bitcoin was created not exactly to make you rich because getting rich is depend on how do you dealt with crypto world wisely but getting rich with the use of bitcoin wasn't impossible.
This is the problem with the people who use bitcoin and that is why it is great as an asset but it is not as a means of currency. People put fiat money into bitcoin, the price of bitcoin goes up, they take out more fiat money and they continue their life that way. Most of the "dreams" is about buying a crypto (could btc, could be alt) and in the end they want to take out so much fiat out of it, get so rich that they want to be able to live a financially free life thanks to the profit they made.

However reality is that bitcoin wasn't created because of that, it was created to be a currency, which means instead of using fiat, you should be able to use bitcoin, that was the starting idea. So you should not want bitcoin to go up in price (which you can anyway) but you should want bitcoin to be accepted everywhere around the world, that was the intended end level.