Sell all your fiat

[CebuBitcoin]

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?

[Speaker]

I would never do that.I believe that duck doing stupid and naive people who don't understand the subject, do not know the laws of Economics and Finance-but I want to get rich quick, and in no need. Cryptocurrency is largely roulette.And even if you are today in the black, does not mean that tomorrow you will not lose everything.

[Doctor]

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?

No, I invest in bitcoin with my free money. Because I also have emergency needs. Bitcoin is high volatile.

[Crypto Guard]

Sounding what they do is crazy for some people. I have to be honest, I have not dared to do crazy things like that. Risking all the money in crypto is risky, so I would prefer to have assets such as houses, gold or land.

[aji678]

I would not do the same thing as they did, because as we all know, cryptocurrency is a very risky investment, What if the cryptocurrency suddenly crashes, what will happen to you. That why I always stick to the sayings that, ONLY INVEST WHAT YOU CAN AFFORD TO LOSE. I think this saying is a very reasonable and the most smart way to do with your money. Balance crypto and daily living.

[Ragnar]

There's no way you can sell your fiat as fiat it is used to buy btc not sell. Let me ask you a question can you buy btc for btc? Your answer will be no right?  If I am in that situation I won't buy btc that much.

[cryptothief]

He didn't have a bad starting point to be fair. Sounds like they will do alright, and not really a big deal if they don't, just start all over again. At least they'll have the experience of traveling, I know people that have lost money investing and not gained any external experiences.

[Zed0X]

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?

That was a gutsy move. Well, I guess they got it right and rode their way to fortune.
In this current market, I would not dare do that.

[Fenix]

You can not invest all your cash in the Crypto currency. Investing in crypto currency is a big risk. This Dutch family can win, and can eventually lose. Nobody knows what will happen to the bitcoin price in a few years. Even Satoshi Nakamoto said that in twenty years there will be or a lot of transactions in bitcoin, or there will be no transactions.

[rizqillah]

You can not invest all your cash in the Crypto currency. Investing in crypto currency is a big risk. This Dutch family can win, and can eventually lose. Nobody knows what will happen to the bitcoin price in a few years. Even Satoshi Nakamoto said that in twenty years there will be or a lot of transactions in bitcoin, or there will be no transactions.

I agree mate. We can not invest all your cash in the Crypto currency. Investing in crypto currency is a big risk. Crypto is high volatile.

[idranus]

I am not that close because I know that the risk of crypto currencies is large. I prefer to invest with the money I got from the bounty program.

[paolobaltimori]

I think that this was a very irresponsable decision.... crypto are too volatile and potentially bitcoin can go to 1$ or 100000 in just a year... I will never do a thing like that.

[capt ronald]

I think that this was a very irresponsable decision.... crypto are too volatile and potentially bitcoin can go to 1$ or 100000 in just a year... I will never do a thing like that.

Agree we should consider also the safety of some of our finances and ensure invested in the right crypto which is profitable because this might be risking our money if we wrongly manage our investment and decision in choosing.

[owmivmen]

I think he is a lucky person. He buys bitcoin at a good time and can determine when the price of bitcoin will increase and decrease. I would not dare to use my money to buy crypto.

[bhm45]

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.