Four Years of Living on Bitcoin Alone. Can You Beat That? Is that even possible?

[drlukacs]

Just a few hours ago I bumped into this story of a family that has lived on Bitcoin for 4 yrs travelling around 40 countries. That story did not just got me excited and motivated, but it also activated some doubts from within that I started to ask "how?". Was that even possible?

It is very rare to hear this kind of story but the interesting family claimed that this was made feasible after they had liquidated all their assets, from their retirement accounts and cars, to their clothes and toys, and bet it all on #Bitcoin in 2017 when it was valued at $900 per coin. Did you read that? Nine hundred dollars then! May be that could give the claim a kind of credibility after all. What do you think?

This doesn't really make sense for me. It greatly affects our way of life and will lack a lot of basic human needs. Also, this family has invested in Bitcoin at around $ 3500 and now their profits are around x5.
But think, if they were to invest 1/5 of their total assets and find other coins or invest in potential startup then perhaps their money is already x10 or x20. I find that they missed out on other rich opportunities.
In addition, the wandering life will also greatly affect the spirit of their children. So this really doesn't make sense at all.

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[acener]

Nope I couldn't beat it and I wouldn't even dream competing or following the same path,
They made it but doesn't mean that anyone could also do it too.
Beside 4 years ago Bitcoin was still cheap compare to the price right now I couldn't even imagine how much this family made if they hold most of their investment.

[Karartma1]

If I was in these guys shoes I would be very careful to stop doing what they are doing and ejoying some cooling off transition time. They can become an easy target for criminals wanting to get some bitcoin. I would be very afraid to know that the whole world knows about me and my BTC. OpSec first guys.

I will also tell you that people do different things for different reason. I don't think their intent was to show the world the amount of Bitcoin in their wallet but to sell themselves to the world as Bitcoin champions and evangelists. In fact most people wouldn't even care to know the amount of Bitcoin they have but would likely question how possible that claim was. Of course, no one can accurately guess the quantity of Bitcoin assets the family holds. But the publicity their decisions and actions are getting them is the real winner.

Whatever their reason I would have never done the same. That is not my way of showing the world why to get into bitcoin: once a target, always a target. I truly admire those who can put their face forward, however, that is not something I would do considering what the price of bitcoin could be in 3-5 years. I mean, good for them.

[hossamdz]

you dont hear this kind of stories every day and actually they made a brave decision buy buying bitcoin exchange or their hose .
i wont  say they are lucky because they made a decision with high risk and they deserve the the profit they made , but i call them lucky because they bought from low prices because there is lot of people did the same  like them , but the different was they bought in 20k$ and this is tragic , im happy for those guys

[goldade]

Just a few hours ago I bumped into this story of a family that has lived on Bitcoin for 4 yrs travelling around 40 countries. That story did not just got me excited and motivated, but it also activated some doubts from within that I started to ask "how?". Was that even possible?

It is very rare to hear this kind of story but the interesting family claimed that this was made feasible after they had liquidated all their assets, from their retirement accounts and cars, to their clothes and toys, and bet it all on #Bitcoin in 2017 when it was valued at $900 per coin. Did you read that? Nine hundred dollars then! May be that could give the claim a kind of credibility after all. What do you think?

I would take my doubt to have been misplaced if some of you here can question the doubt by given some evidences that show that it is hundred percent possible to live a bitcoin life for four good years as the news has shown this beautiful family to have done.

Let us know what you think about this family's claim and may be tell us what and how you have spent your Bitcoins over the years.

source: https://t.co/iQUAGgxvB3?amp=1

This is an interesting piece of news. I mean, that was a very brave and deliberate decision they took back then. I wouldn't say that's luck if they are enjoying the benefits now, they took a great risk then. Selling all their assets to invest in bitcoin isn't something everybody can do.
However, I think I'm confused about 'living on bitcoin'. I do not think it is possible for them to use their coins for all their expenses without having to convert to fiat first. I mean, how did they book their flights? how did they rent the vehicles they used in each country they visited? how did they buy clothing? how did they feed? We all know all these are not yet possible without converting to fiat first.
If by 'living on bitcoin', you mean they living off the money they've made over their investment in bitcoin back in 2017 because of the rise in the price of bitcoin, then it's very much possible for that to happen.

[Yatsan]

Incredibly, this family have done a great decision conquering the risk of doing investing all that they have got from their assets on purchasing Bitcoin while the price is still at $900 way back the first quarter of year 2017 before it have reached its ATH on the last quarter of the same year. If they really have done such thing, then it is very possible for them to gain a big bunch of profit from that year to be able to fund their daily life needs for a couple of months or a year using those profit. It is very nice honestly to hear that they are living their life to the fullest because of the great decision and risk they have done way back year 2017. Actually they might still be doing good on Bitcoin using the funds they have got from that year and make use of trading Bitcoin to continue their great life living with Bitcoin.

[fishbonez11]

There are lot of people who travels even without Bitcoin. The truth is you can travel as long as you have saved good amount of money. Im pretty sure also that they gain sponsorship and doing some other things to sustain those four years. They just used Bitcoin to be different than the other travellers. Im not saying that they have not really profit from Bitcoin but what I mean is that, they can do that not just because of Bitcoin but because anyone can do the same thing even without Bitcoin.

[jaberwock]

First why are they showing off and letting everyone know that they are using Bitcoin, like they have Bitcoin written everywhere from their shirts to their car lol, isn’t that kind of exposing and risky?

Anyway back to the main thing, how exactly were they able to travel around forty countries and pay for their flight by using Bitcoin, and also buying foods in those four countries with Bitcoin and other things they need? Nah, that’s not true. They will at some point need cash, especially when they go to a local market to buy foodstuffs, which they will do for sure. So this is not fully true.

[kayvie]

The way how they face the risk for betting all of their money to bitcoin is something that not everyone can do. I do believe that this is possible if they really bought bitcoin at $900 (but depends on their invesment). Since they are travelling, they need to spend money, in short, their bitcoin holdings will also be spent. If they have much of it, then it is really possible. Or maybe they have something they do to increase their invest.

[traderethereum]

I can not imagine how they can use their bitcoin from one place to another because it will be hard for them to get the store that accepts bitcoin and buy something using bitcoin.
But that is an inspiring story from one family which travel to 40 countries for 4 years. That will inspire more people out there to use bitcoin as their way to make a transaction.
It is not easy to survive using bitcoin as fiat money has still been used in many places. But they succeed in doing that without having money because they sold everything they have and converted it into bitcoin.
That family will get what they want, and I am sure they will become a rich family using bitcoin.

[Ridwan Fauzi]

In fact there will be many factors to believe that bitcoin can give life to us. Bitcoin is an investment as of now, so if our intention to having bitcoin moreover as source income  for our daily life then we have to know how to invest correctly. We have to find some factors to be made as our foundation about investment, although it is not in bitcoin only but in all investment place.

If we successful to know them and we can aplicate when we are investing our money then we can do that. We can get money for our daily life in case we can get money from bitcoin as our source income. But for me, I believe bitcoin can give me a life as a story in your thread but I still can't believe my ability against investment. I have to learn more about it and I'm still in the process to reaching it.

[Shasha80]

Actually, their idea is excellent to buy bitcoin with their money, not anyone’s money. Their dedication to bitcoin is very high and I
really appreciate it if this is really 100% they don’t use fiat for all the transactions they need all this time. Moreover, they travel
to 40 countries using only bitcoin. Really, they are very lucky, if there are no obstacles in the journey for the past 4 years
transacting using only bitcoin. It’s like going into an area where you have to pay for visas and other regulations.
But well, this is a very inspiring story. But I’m not sure many people want to liquidate all their assets for bitcoin and
use it in a variety of situations. Because the rules in each country are not the same.

[Sapphire915]

That's really awesome. And it really amazed me how they got all the courage to take the most tough decision and the most higher risk that the family had been through. However, I do believe that its not that easy to come up with that decision, this people probably has all the guts to lived with Bitcoin alone, all of the members of the family are both knowledgeable in Crypto I guess. I must say, that its really possible, and that they just made the right thing because they are now getting huge profits. They have no regrets because they are now enjoying their lives to the fullest with Bitcoin.

[pawanjain]

Although it is possible, it is still a very difficult task to solely live on Bitcoin alone for 4 years. We all know that bitcoin is not yet adopted worldwide and this is where the real trouble starts.
Even though if we convert all our holdings to bitcoin, we will face trouble when using it on day to day basis. What if I wanna buy a coffee ? Would I pay for Coffee and pay as much as the price of Coffee or more than that as a transaction fees ?
No right, I wonder how those guys made it through. I could have never done that