phamgiakhiem8
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August 04, 2018, 11:52:18 AM |
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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 very risky. all eggs are not in the same basket. I think you should distribute the risk. It's a very wavesly place in crypto.
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annaby
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August 05, 2018, 10:00:23 PM |
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This is very unreasonable and too risky. It is better to divide it into parts, one to invest in BTS, and another to have at hand.
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Eugenar
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August 05, 2018, 10:09:40 PM |
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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?
Thiw would be a risky decision. Cryptocurrencies are naturally volatile making it risky to convert all of your money into it because there's always a tendency to lose profit especially whenever the majority of the market is falling. One should be first awared of this amd also, he must be patient if he is really decided to do so.
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Specctrall
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August 05, 2018, 10:11:33 PM |
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seeing as this year bitcoin fell in price three times I certainly will not do so. and the fall is not over yet and continues.
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usawa0
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August 05, 2018, 10:18:47 PM |
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Not yet. I'm ready to wait a couple more years and break the Bank. It's too early to move to Fiat
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BigBrother
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August 05, 2018, 10:23:29 PM |
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An impressive story. It's a very brave thing to do. If I had a lot of money, I would also invest it in cryptocurrency, but only a part of it. The risk is always present and need to be careful.
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Aeneous
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August 05, 2018, 10:55:00 PM |
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Well, that seems very attractive an ideal situation, but think of it, Most countries haven't legalized Crypto yet, and their operations might be limited, if you live in a country where the coins arent in full usage then this is not an option for you, if your country legalizes crypto then its a go ahead for this is the direction the world is headed anyway
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Dasha88fed
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August 12, 2018, 12:43:52 PM |
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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?
A good example, but I do not have the opportunity to exchange all my money for cryptocurrency, because I will remain hungry. In my city there is no opportunity to buy food for cryptocurrency, but you can visit a restaurant and pay off cryptocurrency, although only a few restaurants. But as new places appear in which the cryptocurrency will be accepted, there will be more people who use cryptocurrency instead of fiat money.
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deloreswest
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Open and Transparent Science Powered By Blockchain
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August 12, 2018, 12:52:07 PM |
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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?
its crazy things to do but i do believe all of people are dare doing this in 2017 are rich right now. But its better to risk what you can afford. The decision is all yours i do almost put all of my money here maybe its 70% of my money into crypto and i hope im doing the right thing.
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xenosaga
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August 12, 2018, 12:55:26 PM |
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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?
You know what you would call someone who would do that right now? Stupid idiot. Would you sell your house for Bitcoin that can depreciate by 30% tomorrow? You cannot compare that situation into today's situation. It's too risky right now and market is way too unstable and bearish.
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ataki
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August 12, 2018, 07:26:08 PM |
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I would never do this , as we always have to have plan B, C . Risk big and win big maybe works for someone but what if not. For me it is better risking less and live more safe and without stress, as investing only the money I can afford to lose.
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inillo
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August 12, 2018, 09:57:38 PM |
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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. Cryptocurrencies can lead to great fortunes but going all-in in anything is a huge mistake and puts your back against the wall.
It is just a nice yet impossible idea, since at the moment the prices of real world stuff are stable vs the main coins, but crypto is wild out there.
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Cremiopel
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August 18, 2018, 12:07:02 PM |
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That something extremely inverse on my future arrangement. What's more, it is totally difficult to do that fiat resources will transform into computerized cryptographic money, and even advanced digital currency is extremely important yet it doesn't imply that we leave our life in fiat framework and transform into computerized digital currency life. Since high level of better places that no entrance about cryptographic money, and furthermore high level of foundations are never again thinks about computerized cryptographic money, so the inquiry is, how might we utilized our advanced digital currency resources in better places if those living individuals were not any more information about computerized digital money.
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Maximillllian
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August 18, 2018, 12:10:14 PM |
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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 crazy! The market is very unstable and tomorrow you could lose all your money. If you ask this, then you are new to investing and so it is better not to do
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Souldream
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August 18, 2018, 12:18:37 PM |
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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?
Thiw would be a risky decision. Cryptocurrencies are naturally volatile making it risky to convert all of your money into it because there's always a tendency to lose profit especially whenever the majority of the market is falling. One should be first awared of this amd also, he must be patient if he is really decided to do so. A very risky decision that everyone could ever made especially to the current status and situation of the crypto market that we don't know when it will gonna be back to it's peak value again. So as of now if I will given a chance like this then I would definitely refuse it for I don't have yet a stable status here in crypto market but even in my life too.
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Eclipse2021
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August 18, 2018, 12:25:24 PM |
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No way! I am not gonna risk all my current money to join this super risky strategy. This year is not so good to investement but somehow I was able to find the good ones in this non stop battle of cryptos...
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basyang
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August 18, 2018, 12:25:37 PM |
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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?
If you will ask me avoit selling all of my fiat for crypto my answer would be No. Yes! No. Because even though you can earn a big amount of fiat from the crypto still we need a fiat in our life especially now that bitcoin did not yet recognize it all over the world. Inspite of having a cryptocurrency we also exhange it to fiat at the end of the day. And all countries uses fiat more than cryptocurrency.
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RandyMagnum
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August 18, 2018, 12:28:35 PM |
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Oh, it is madness. But if you are from venezuela maybe it's not bad decision. By the way the diversification is good instrument and i recommend to use it.
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Cianix
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August 18, 2018, 12:32:04 PM |
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I wonder if they sold all their Fiat, how do they move around the earth?) pay with cryptocurrency ? we in CIS are not well developed, payment bitcoin, maybe 1-2 points in the country
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sandaru
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August 18, 2018, 12:49:40 PM |
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For me it is a crazy thing and i would never do the same thing. That is because how can we assure that crypto market would behave in such regular way? So always wee need to have risk with our money as this is an invest in which we cannot keep 100% assurance on it. Always we need to have assets in value of fiat currencies because it is not that volatile like crypto.
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