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

[olya_n]

This is all purely individual. Many people hold on to the fact that they have (property, bank accounts), they are afraid of losing everything. This is because many do not believe in crypto currency as a means of earning and saving their money.
Therefore, everyone chooses his own way. Risking, selling property and taking your money from bank accounts to invest in crypto currency. Or hold on to what you have ....

[1715651851]

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[1715651851]

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[anti76]

It's never worth investing all your money in crypto, it's a big risk and a great chance to consume all your money, especially if you're new! First of all it is necessary to understand all the nuances and make an informed decision!

[shirackjs]

I do admire people who took such a big risk to sell all assets for cryptoz

However, I am not ready to sell my assets for crypto yet. I have commitments for my parents and family. I guess I have to continue working for fiat money atm. 

[Shenzou]

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?

I would love to stop using fiat and just pay for everything with cryptocurrency, but the truth is we can't, we can't 100% get rid of fiat, because fiat is what is used by 99% of the world's population and the 1% of the people who use cryptocurrency can't really on it because there are not that many places that actually accept them, cryptocurrency is still not yet accepted by restaurants, supermarkets, hospitals, and all the main thing we need in our daily lives, so until it is accepted by every place in the world we are stuck with using fiat.

[fotosonics]

It's never worth investing all your money in crypto, it's a big risk and a great chance to consume all your money, especially if you're new! First of all it is necessary to understand all the nuances and make an informed decision!

Totally agree with you, because many lose their money! You do not have to invest money that is not ready to lose, because crypto currency is a very big risk. As a rule, only 10% of traders earn on the market.

[e@symode]

Well, why so? I think that people should invest only the money they are really ready to lose, today this is the principle of investing, because there is a lot of risk today in the crypto-currency segment. And if people sell everything in favor of the cryptvalut, they can stay without anything.

[newbie-hero]

I am sure that such an act is very risky, but it has a chance of success. And in case of a positive result, your capital can grow tens of times.

It is insane. If you sell all of your fiat to get the cryptocurrency, and the market will fall, you will have no funds to survive even. yes, you can invest up to 30% in crypto but do not ever refuse from traditional money.

[leland orser]

I dare not, because the risk of cryptocurrency market is very high.
The risk is proportional to the benefit, so most of the time I just invest my spare cash.

[CryptoFlamingo]

I would never do it as I´m perfectly comfortable with having like 20% of my savings in crypto. For me it´s just great risk and if you have family with children, it is quite irresponsible

[chakhigh]

I would say don't put all your eggs in one basket!!

It is good to have a portion of your fiat into crypto, but not all of it..

For a better investment decision, you can check Ftec features and benefits: https://ftec.ai

[k-west]

No,I wouldn't do it,as for me it is a very risky action,the cryptocurrencies are very unpredictable and unstable,it is almost impossible to predict their future price.I do believe that bitcoin will be growing but I cannot afford such risks.

[ligerti]

Personally, I do not think I'll decide to do this. After all, too much is at stake. Therefore, it remains to believe in the restoration of the market, I will look forward to this moment.

[BaeNaNa]

No i don't, the number of shop that accept crypto in my country is close to zero so i can't live without fiat right now, the government even banned crypto as a payment option so unless that decision is changed, no shop will dare to accept crypto. I think in a few years things will be different because crypto will become more popular and they can't keep banning it forever.

[CHENIEN]

That something really opposite on my future plan. And it is absolutely hard to do that fiat assets will turn into digital cryptocurrency, and even digital cryptocurrency is very valuable but it doesn't mean that we leave our life in fiat system and turn into digital cryptocurrency life. Because high percentage of different places that no access about cryptocurrency, and also high percentage of establishments are no longer knows about digital cryptocurrency, so the question is, how can we used our digital cryptocurrency assets in different places if those living people were no longer knowledge about digital cryptocurrency.

[fortelen]

I appreciate their brave to take those risks. As known, crypto is full of risks even this is very promising. But, I'm sure that they have considered it carefully and wisely.
Whatever the decision, when we are ready and enough after analyzing and researching, it can minimize the risks.
I myself put some of my money for crypto and leave some savings in my offline business.

[panovnu]

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?

This is a nice thread, I am thinking to do the same. Especially , regarding the PPF funds which are sitting idle in my bank account for so long.

[hellyeahent]

If people are really willing to stock up enough patience, it can fully pay off a solid income with the market crypto, getting their dividends.

[Barabulya]

In my opinion now is the moment when there is still the opportunity to invest in crypt. Later it will be much more difficult and expensive.

[Hudora]

Investing in crypto is a unique opportunity for society. The main thing is not to panic and continue to study the market, having patience.

[trrewqs]

I think this is a very risky investment. You can not invest so much, you have to reduce your risks as much as you can.