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

[smt_red]

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?

Good idea, be sure to have another source of income, very risky to invest 100% in cryptocurrency!   I would invest 50% maximum.   

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[Bounty_Hunter]

It is an excellent and very vdohnovljajuscaja history, but no) Personally, I have little money and I need to study at the Institute, poetomu I can't afford it.

[TyfrTR]

I dont think that living with %100 cyrpto is a logical decision. Cyrpto-world is open to any kind of manipulation attempts. Due to this fact, it's really risky to invest all cash and assets in cyrpto-currencies. If cyrpto-markets get in a huge bull market; then all of our fiats and assests will run down also. I belive that only personal investments for future price expectations and gaining some profit with those price increases is a logic option.

[erox]

It's a tempting offer, but I think it's too risky. Especially now, when prices are falling and it is unknown when it will end.

[SSend3r]

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 he had earned good money quickly. because when he did it, the Bitcoin price was 2500$ approximately, so even if he will sell Bitcoin today he will get a good profit.

[jarojak]

No way, I won't do that.  Fiat money is good enough for me.  Maybe you can buy a fancy drone or the newest action camera with crypto but not food or other everyday needs in my country.

[antonwantbitcoin]

If I have free money that I do not mind I will gladly invest it in crypto

[GazorpPozorpec]

I think it's too risky. I don't know what the people in your story thought, but it's just crazy. Yeah, they're lucky, but I think it's at least reckless. IMHO

[chengyinoing]

Because the risk is high across the cryptocurrency market, investing all your money can cost you everything. It's too risky.

I think it's better to invest in what you can afford.

[vaniy-stepanovich]

Now it is necessary on all means to buy cryptocurrency. I already bought it earlier but now for any investor there is a fine opportunity

[DmitriySar]

This is a very risky choice, but the person in your story is lucky. I can not risk all my money, so I invest free money whose loss will not cause panic.

[Huruharacorp]

why not? I'm very brave but certainly with good calculations. because when you sell all your fiat and buy crypto, you will not know the price will go up or down, this is what you have to pay attention to, not to suffer a big loss.

sometimes investment is not purely just relying on science, but also must be supported by experience and luck so that w can get a profit in the investment. it seems like what is happening now can be one of the good moments to buy it

[DabsPoorVersion]

This is a very risky choice, but the person in your story is lucky. I can not risk all my money, so I invest free money whose loss will not cause panic.

indeed, if you have failed in your investment, or maybe you need the money immediately, the only thing you could do is to cry by your mistakes. investment are risky, if you want to invest, just invest the amount of money that you think you can risk.

[weborsha]

What a nice story! I don’t think I could do the same thing because I have a little daughter and she needs something more stable and permanent in her life. I think this family has no kids or they are grown up now.

[spaso_87]

When crypto mainly bitcoin is still in a low value such as first time will certainly be good things and daring to run it. but now all the rates are too high and of course, doing so is tantamount to a folly. may be able to generate but certainly for real-life hassles will be too.

[Kryten12]

I can't really see this as a viable option at least not yet. We need the introduction of a 100% working crypto debit card that can be used by the citizens of any country or region. I have seen exchanges change their withdrawl options and and left me with no easy route to change crypto back into FIAT and whilst those uncertainties can easily happen it would be very dangerous to go crypto only.

[IvanPetrov-751]

I heard that one man in 2016 sold all his savings and the house and bought a very large number of bitcoins, and at the end of 2017 and early 2018 could get several times more

[tisumagic]

No way, I won't do that.  Fiat money is good enough for me.  Maybe you can buy a fancy drone or the newest action camera with crypto but not food or other everyday needs in my country.

suggested to sell fiat currency, because to move on crypto investment which is currently cheap. and this advice is for those who already have a lot of money, if only a little money then just save it to the bank so you can still eat

[Robert de Crypto]

in my opinion, that is not wise in investment. Always 2 conditions when you invest in anything, Profit or loss. The story will be happy if the investment return in 5x profits or more how if minus 5x? that's both possible in investment. Stay safe and wisely for investing.

[piaomar]

the world of cryptocurrency is risky. if we can't use it properly then we will only get the big losses. we never know the future of crypto and our success. if we fail in crypto then it will give big losses. therefore, before joining the cryptocurrency world, we must learn it well.