Bitcoin: a solid step from labor mindset to asset mindset

Many people tend to think in a labor-based way, focusing on being employable and working for someone else's business, rather than shifting to an asset-based mindset, where you own things that generate more income. That's where Bitcoin plays a role. Sure, we all know it comes with risks like price swings and isn’t exactly a flawless asset for those who view it as one. But it definitely opens doors to assets that are outside the usual financial system. With Bitcoin, you don’t have to ask for permission from banks or deal with restrictions based on where you are in the world. You can store value anytime, anywhere. Plus, when you store value in Bitcoin, you have control over it without being limited by financial institutions or worrying about government interventions. Just keep in mind the volatility of Bitcoin as you go along. With Bitcoin being so accessible, it really can help change your way of thinking!

Bitcoin changed the world with its technical revolution for the accounting industry and bank systems actually have pressure to change with Bitcoin revolution. They are forced to change with dramatic challenge from Bitcoin, so if they won't change their systems, they will lose more users to Bitcoin blockchain. CBDCs are kind of upgrading products from central banks and bank systems, but they are far under Bitcoin blockchain in decentralization and security. People just have more options with CBDCs but if they love decentralization, no censors, best security, Bitcoin blockchain is their best choice. Bitcoin: an accounting revolution. The accounting revolution that shook the world.

No one really wants to work under anyone, it is because they don't have the initial capital as others so they have to work for someone as whatever job they can do, and make money, then save it to invest on bitcoin, then only the shift is possible. Changing the mindset alone can be dangerous because they will be going in the wrong way like I should take a loan then invest on bitcoin and pay off the loans from the profits made but that will likely to end up as disaster.

Bitcoin can be used to generate long-term income; that's what it has shown us over the years. Although volatility exists, the risk remains with us, and it's our ability to be like steel to withstand periods of low value without fear. Here, you can't say, "I'll invest in Bitcoin for 5 years" with the certainty that in 5 years you'll have more money than you invested. But if your finances allow it, you can wait until the precise moment to take your cut and wait to reinvest at the right time, like now, for example. It's the perfect time to invest and wait until it surpasses $100,000 again.

I don't usually agree with some of the posts like this trying to associate Bitcoin to something it's unrelated to, but in this case I actually agree that it could help with a mindset shift towards autonomy rather than regulation and rules. The tradional financial market has barriers and requirements, with Bitcoin you do not need any middle man or requirements to buy and hold. This can translate to autonomy in other aspects like business encouraging those with the interest to head out on their own and build something. Satoshi is also a good example of someone creating something they are passionate about despite the odds against it. I have met people who prefer to build a career than be an entrepreneur. Not everyone has interests in building a business or have the skill to and discipline to make one successful even with enough capital.

Bitcoin in itself doesn't generate passive income And actively it's via mining. There's nothing stopping you from working and owning an asset They are not mutually exclusive.   CBDC are liken to be relatively stable and lacking and noticeable volatility. I doubt any smart enough would invest in it Especially also tied with a flaw of traditional Fiat Eaten away slowly by inflation.

I totally agree with your last sentence as it points to a salient fact about being independent and able to perform transactions anytime and from anywhere in the world without needing permission from any person in corporate atire requiring your signature and passport before okaying your transactions. The fact also remains that the technical knowledge surrounding Bitcoin and the emotional discipline and risk management practices involved, is what makes one more successful when they look into the decentralized systems to earn passive income from it. This is a whole ball game altogether, that is, relying on the Blockchain network for income based on commitment and consistency and research and understanding the trends to know when to accumulate, trade or diversify into other investment for better returns. It's a whole economic shift in total.

Firstly, you need to understand that Bitcoin does not remove the need for capital or discipline even though it does remove some barriers like access, control or even reliance on traditional financial institutions. You'll have to still invest in something and even more important is having the patience to hold through volatility without making emotional decisions. So even when Bitcoin realistically support asset based thinking, that does not mean that it replace the fact that many people start from labour before they can build access.

If you consider Bitcoin as an investment asset, you will have need of taking profit, just matter of time because the ultimate goal of all investment is to get profit, improve your personal or family wealth. Hence, taking profit is only matter of time, and likely when a good time for doing that but basically timing the market is always challenging, not only with Bitcoin market. Meanwhile, when you are still holding your coin, waiting for profit, you will have to spend money for necessary things in life and your spendings can be done in cash, bank transfer, bitcoin too or stablecoins for example. Therefore it's good, not bad, to have different kinds of money to spend for avoiding big problems when bank transfer does not work, Bitcoin mempools clogged.

I think it's not just the thinking; it's more of the capability and the goal. Earning asset-based revenue belongs to another level which many people can only dream about. I'm dreaming and working my way toward it. Majority of us are probably doing something to one day making revenue that comes from investing in assets, whatever they may be, Bitcoin being one of them. The difference with Bitcoin is that you won't be earning from it regularly unlike renting real estate assets, dividends from shares, and whatnot. But, yeah, the great thing about Bitcoin is that it isn't kept by some third parties.

We have to have jobs, get salary or at least wage for our very essential spending, and when our finance is good enough we will be able to use just part of it for investment. Invest discretionary income into Bitcoin is very good, as we will invest, accumulate bitcoin in long term, hold it a long time together with gradual accumulation practice. With Bitcoin, holding it longer time means less risk and higher probability to get bigger profit. If our finance is not like of the rich, we will surely need very long time for Bitcoin accumulation, that is like disadvantage and advantage as likely it forces us to hold our bitcoin a long time. It's not like we can make one or two purchases and think it's done for our Bitcoin accumulation, so with gradual purchases over time, it's firstly like DCA, and more importantly it can help us gaining very good ROI.

You can use Bitcoin right now and earn more than on your daily rate with your current work it or even like in alts and other ways around to earn money in crypto space, but again you need to consider when it comes with crypto you need a capital you cant make an earning without risking amount of money here unless you are just a diligent person who keep hunts an airdrops that you are willingly take a risk your time and effort for not assured earnings and price. This is the reason why its ideal to have a job and then get involved with crypto now if you think Bitcoin already gives you a lot, I guess that's the time you can do a full time.

Indeed, Bitcoin is a asset worth holding in this contemporary era, most especially due to its unique quality where no bank nor government agencies can have control over it or neither confiscate our funds just like being done with money in the bank where government has full control. While secondly, another good reason why it's good to invest in Bitcoin is the fact that it prevents our funds from inflation, most especially many of us who lives in a country where it's currency always loses it's value due to poor government policies. Because by investing in Bitcoin, we stand to gain more profits in long term far more than if same amount was kept in our traditional bank. Hence, making Bitcoin investment to be a top priority.

There is a simple condition which is very important to fully control our bitcoins. If Bitcoin users can not meet this condition, their coins are not theirs because they don't control their coins. The condition is Using non custodial wallets so that they will have wallet mnemonic seed (seed phrase) and private keys. The saying is "It's your private key, it's your bitcoin". If people use custodial wallets such as exchange accounts, they will not have either wallet seed phrase or private key, and they don't control any coins.