The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.
Given these factors, the dream of financial freedom can come true by using crypto currency?
Nothing is promised. However, it is possible because there is no risk without reward. Isn't it? To achieve financial independence, you have to be ready to put in the work and be patient and consistent. You have to know that, since Rome wasn't built in a day, it will take some time. Here are some practical ways to achieve financial independence, but they require a huge amount of risk:
1. Trading: You could learn crypto trading and, with time, trade cryptocurrencies.
2. Peer-to-peer exchange: In my country, where bitcoin is banned, we exchange our bitcoin for our local fiat through peer-to-peer trade. Some people I know make a decent income from it.
3. Crypto-YouTube Channel and Podcast/Write a Book: You achieve financial freedom by sharing your knowledge and ideas about bitcoin with the world through YouTube and podcasts. You could also write and sell a bitcoin book.
4 Bitcoin lending: Yes, it means what it says. You lend bitcoin and get an interest payment on repayment.
5. Bitcoin mining.