SELL ALL YOUR FIAT AND LIVE 100% CRYPTO!!!!

[GandiwaSF]

I've heard that story, but if in my position I will not divide 80 / 20 % I am doing 50:50 investment crypto and real asset. that's what I'm allocating 50% for crypto and that's not just bitcoin but from 50% I bought alt coin half of it and began to see opportunities to participate in ICO projects maybe you can try  .

[Aliya Taj]

It might sound  workable and attractive, but selling all your fiat to live a full crypto life currently is not a very tangible plan, The technology hasn't been even adopted by half the world population, that means that its still unpopular, Besides, there are only few store that accept crypto as a form of pay and most governments are yet to legalize it, where are you going to spend these cryptos yet there are the basic needs that needs to be catered for, you are better off waiting a little  longer for its complete adoption to sell all fiat

[bebinonaa]

On the off chance that anybody will do that, I can guarantee that they're genuinely morons. Where will you live after you offer everything to put resources into cryptographic money? In the event that this family put resources into BTC toward the finish of a year ago, I can guarantee that right now, every one of them are crying a result of BTC value Smiley). Try not to do that, you just ought to contribute the measure of cash that you have and don't have any acquaintance with you ought to put resources into which.

[Dumlooke]

I would state it was a urgent choice, yet perhaps they'll win from it. It resembles win or bust. I'm not prepared to chance this way. Regardless of whether the crypto showcase develops amid the following year I won't offer all fiat for crypto, until the point when the digital forms of money will be utilized rather than fiat cash.

[FLHippy]

A while ago (2017) there was this Dutch family that sold all their assets for BTC and is now traveling around the world. He had around 500k USD worth of BTC and expects it will at least make 5x in the next 3 years. In the meanwhile, they are living modestly and using 20% of their cryptos to trade.

Would you dare to do the same? Sell all your FIAT for CRYPTO?

And because they are so popular they are also earning a lot of money. Many crypto companies are supporting them, they are something like advisors.

[Daha19]

This is a very important step, since you do not know what will happen to the next day's crypto currency, but you can also take a chance and get more

[poodle63]

but that only happen to 1 out of thounsads or even few hundred thousands and I aint got trapped into gambling my asset like this, it's just really wrong. I don't recommend this kind of investing because it's just very risky and not justified in any way.
maybe he will got that money and be financially free but there's one thing I know, this step is really wrong and everyone should NOT do it.

[serguvan]

In this situation of market, nobody will be willing to invest all of his/her money into crypto, even though this is a good opportunity to buy them while they are dip.

[kulakvlad]

This is very dangerous advice. It could ruin someone's life. People, be careful not to risk everything you have.

[hydrococo]

I think it is indeed appropriate. Because if you want to focus on crypto, then we recommend a maximum on crypto. Sure just that crypto this could produce the best. So you will be able to more realistically. because there is already a conviction.

[kiatitami]

It is quite risky, maybe they will make you lose money if you are not careful, so take a little capital to keep yourself private, invest in crypto only use idle money.

[tranductung3]

Sell all your fiat?  How do you sell cash?  You mean buy cryptocurrencies with all your fiat and that's a horrible financial thing to do

[nguyenthanhvinh17]

It's never worth investing all your money in crypto, it's a big risk and a great chance to consume all your money 

[apirmalakas]

I think that is not a very wise decision to make. Specially if you have kids around. You must think of stability and for the future of the kids. Yes, you may invest in crypto but it is still better to be prudent and invest what you cannot afford to lose. You have to save for the children's future like creating a college fund of some sort.

[Kang Bahar]

Personally, I do not dare to sell all of my assets or use all of my fiats for crypto. Do something like that; SELL ALL YOUR FIAT AND LIVE 100% CRYPTO!!!! are very risky! I'm afraid if what I do doesn't give any profit at all, that will kill me slowly

[jouns]

I will never do that, because investing in crypto-currencies is a very risky venture investment. My family will never approve of such an action.

[DikkieD]

I am not sure anymore, but I remember reading that this family was well educated (often the case in The Netherlands) and that this was 'just a phase' which means they are able to fall back on pretty much everything.

For us Dutchies it is very easy to just roam the world. You have a Dutch (strong) passport and the Dutch safety net. As long as you have enough funds to fly back you're ok. I mean, school (for the kids) is pretty much free, healthcare is pretty much free (low monthly if you don't earn that much). If they are indeed well educated, it should be easy for them to get a job. Also, housing (rent) would be quite easy if they do not need to live in Amsterdam or some similar place .

So even if they do run out of crypto, they'd still be able to get their lives back in order again in The Netherlands.

[mihtju]

This is a very risky step. Of course, I think cryptocurrencies are very promising and the fact that they will grow in the future, I am 100 percent sure of this, but still, I would not risk doing so.

[NinjaCryp]

A while ago (2017) there was this Dutch family that sold all their assets for BTC and is now traveling around the world. He had around 500k USD worth of BTC and expects it will at least make 5x in the next 3 years. In the meanwhile, they are living modestly and using 20% of their cryptos to trade.

Would you dare to do the same? Sell all your FIAT for CRYPTO?

In my opinion, this is not a wise idea. Bitcoin and crypto are a nice speculation. It only develops profit in the long run. maybe 3- 5 years. Their problem is how they will spend their livelihood and life. Will the value that they trade every day will ensure health and spending in life? This brings a lot of risk. Should limit this thought.

[FrosyaBulatova]

Very interesting article! Brave family! I would have dared to take this step, but at the same time I diversified the risks, leaving a little money in Fiat. But you need to be very well guided in the crypto world and rely only on yourself. And yet it is only a dream.