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

[vladaziya4]

With this, you can also argue, it is BTC and ETH that are some of the best crypto currencies in my opinion, as they go to the peak of opportunities at the same time.I think not, since it is currently increasing and becoming the official currency, I believe that it is impossible to do this for many reasons.

[Hammerman]

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?

Not every person is so desperate. It is very difficult to take such a decision. But everyone makes their choice. People have the instinct of self-preservation and this is very good)). But nevertheless, I am sure that everyone has the right to dispose of his assets ...

[bling-bling]

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! I wouldn't sacrifice my hard earned belongings just to get some Bitcoin or any other crypto! Yes we usually say that we should take the risk if we wanna earn. But taking the risk does not mean making any random crazy decisions that could lead you losing everything. It means we can take the risk but be smart at the same time.

[Rostock]

I think I would dare to do that, but unfortunately I don't have such a large start-up capital or real estate. Also, this lifestyle is not suitable for everyone.

[SuperP]

I would not be so categorically opposed to crypto currency because now the market is manipulated and from this a lot of negative information we get.

[kent47400]

I don't dare to do that because it's a very high risk.

FIAT has a stable value and it's comfort for one's life.
Cryptocurrency is unstable and prices are always changing, you must be prepared with extra money when the value is below.

[kzozenberg]

I think it is more reasonable not to transfer all the money into cryptocurrency, but everyone should have a part )

[jayendo]

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 think that this is nonsense, especially after such falls, I will never invest all my money in cryptocurrency. It's too much risk

[azzag0000]

I will not do the same as they do, because as we all know, cryptocurrency is a very risky investment. Cryptocurrency can bring huge profits, but doing all-in in all things is a big mistake and putting your back against the wall.

[deppil90]

Requires great courage and precise analysis, if I have a lot of money I will invest it in BTC 1/4 only and the rest I will use to find daily profits, this will be more profitable

[Solomon3158]

The idea is a good one because as for me I believe in the future domination of crypto in all ramification transactions but not in that extent of selling all my assets in Fiat and divert it into crypto, although there are many ways in investing and living largely with cryptocurrency but at least I can put 50% of my Fiat into crypto.  

[Razick]

DO NOT DO THIS! The one thing that you need right now more than anything is fiat because no matter how much we would like it to be that the cryptos are what we use for all of our purchases, that is not the case. What you should do is invest the fiat which you can afford to do without into the coins and hold those coins while keeping fiat that you will use in your everyday purchases.

[frchowe214]

When those guys decided to ditch fiat and switch to crypto it was stable and rising, but now it's looking quite bleak. This prolonged bear run shows you just how volatile the market is. I wouldn't risk it just yet, in a few years time when crypto goes mainstream that's when i'll consider swapping

[Gamblet]

I think it's a risky idea. Some part of the fiat must remain. Hodl must be comfortable and you must have a free fiat to buy your food. Now, it's a great temptation to buy more crypto currency, but I do not think it's necessary to hurry.

[terencio]

I will not do this to "SELL ALL YOUR FIAT AND LIVE 100% CRYPTO!!!!. I forgot the link which theymos explain the pros and cons of investing in cryptocurrency it is a great read specially for someone who are new to crypto, try to find that link. It was posted in reddit before, read it after reading it, you can make a rational decision.

[bboyjohn]

Two or three days later we started to see price drops again. It is very difficult to invest now, and if the bitcoin falls below $ 6,000, we may see a big problem. I dont know which one is better, fiat or coins...

[Raidal]

According to me, we can't sell all our fiat currencies and exchange them for crypto currencies. We cannot only live with crypto currencies especially in countries that do not allow transactions with crypto currencies. In my opinion, crypto currencies and fiat currencies are both complementary things. Both function complement each other and not replace each other. There are times when we can only trade with fiat currency and there are times when we can transact with crypto currencies. Each of them is nothing perfect because in essence it must have a gap.

[seggardinggins]

Two or three days later we started to see price drops again. It is very difficult to invest now, and if the bitcoin falls below $ 6,000, we may see a big problem. I dont know which one is better, fiat or coins...

I think we can still rely on coins for investment, precisely with the decline in coin prices, it makes me more interested in buying coins for me to hold because I'm sure if the market will recover. I am sure that crypto will grow in the future, so I will wait for that to happen.

[bitbabba]

If it continue to drop like that, you will live on streets in no time with this.

[Ksenia4Ksenia]

They can lose money, very risky to invest 100% in cryptocurrency! Be sure to have another source of income!