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Topic: family survives 40 countries living only on Bitcoins (Read 535 times)

s5mxlmk121

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passwordnow

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Quote from: tyz on December 12, 2020, 10:22:21 AM

Quote from: passwordnow on December 11, 2020, 04:15:37 PM

I'm curious how was their life during the great bearish market but they're still up in profit after realizing that they've bought at a lower price in 2017. I envy this guy that he gets to travel to 40 countries together with his family and even used bitcoin as their main currency for survival.
This guy is a real legend and advocate of bitcoin. He applied it with his family and not just used it but he lived with it.

If you mean the bearish market in 2020, then it probably did not hurt them much because the bearish period was relatively short. And it also depends on when they bought their Bitcoins. If they did in 2016 and 2017 it is very likely that they bought relatively cheap to todays prices. Even if they bought at the peaks of 2017 they would have not made such a big loss if you take the average prices of the last three years. So, overall this would probably has not been a big issue for them.

The other one on 2018. We're mostly in bad time by that year and this year was way better than it. They've bought bitcoin early on 2017 and that was before the bull run that came to happen on end of year of 2017.
They haven't sold on bull 2017 IIRC and that's why I'm thinking about it how did they coped up during 2018. But realizing it, they're still up in profit because they've bought under $3k and the price was still 3 digits by that time.

tyz

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Quote from: passwordnow on December 11, 2020, 04:15:37 PM

passwordnow

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Kupid002

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Quote from: Mpamaegbu on December 08, 2020, 04:27:16 AM

I read the article on some site elsewhere and it warmed my heart to the family. Of course, not every store or services accepts Bitcoin and that could be a problem. There's always that need to exchange to fiat to get things going. I must acknowledge that they did take a huge risk selling off all valuables to buy Bitcoin (which is a very big gamble for me) and did have a huge stack of it. Anyone who started off that way would easily trade their hodlings at high and then buy back at low. That way one gets to still keep profit afloat.

I don't know why they need to find a person to accept Bitcoin as payment if they can easily exchange it in Fiat using exchange. There is no difference in using Bitcoin and Fiat money , but using fiat will have you more option to use your money and there are countries that also have a hard time in bitcoin and other crypto Currency because of the regulation. So it's not possible for you to only have Bitcoin if you will travel around the world maybe they are just lucky to find many persons that will accept it .

Debonaire217

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This life could be normal in the next following years. To be honest, what I can see mostly in stores right now are usually accepting digital payments in our country, but in terms of Bitcoin and cryptocurrency, it is too hard to make a payment using it. With that, I can say that it is really difficult that these families do really survived years with just using Bitcoin. There are still instances that they converted their BTC for fiat in order to provide for their necessities.

But knowing the duration of the story, they might have stored too many Bitcoins with them to support their living. Going back, a few years from now, we can see QR codes with Bitcoin logos available for us to make these payments.

Silberman

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Quote from: 7788bitcoin on December 07, 2020, 04:22:07 PM

Quote from: Reatim on December 07, 2020, 10:22:10 AM

One of the Highest achievement of Being Bitcoiner is what this family did,Imagine as a whole family that made this journey of life together ?

He got a lucky family that will abide by his craziness and you cannot find many families to follow the same path and it is true that it is a dream for majority of the people. Travelling 40 countries is a dream for anyone and to visit the cultures and different lifestyles is a dream for me as well but you cannot have everything in life without sacrifices and i have visited a couple of countries with the profits i earned from the cryptocurrency market but i made my travel by converting it to fiat.

Agreed, while this is a great story from the point of view of being a great advertisement for bitcoin and how anything can be done with it, it could be said that the fact the whole family is in sync and agreed to something like this is a miracle in itself, it is not rare for most families today to not talk to each other that much thanks to social media and other electronic means of entertainment, so the fact all the family agreed to travel all around the world using an exotic currency like bitcoin is incredible by itself.

Anonylz

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Quote from: Obi theo on December 06, 2020, 11:04:50 AM

He didn't cut his hair because there was nobody to do it for Bitcoin? Ever heard of a hair clipper? It costs like $20 and can run on batteries.

I guess he was trying to experience cutting his hair and paying for it with bitcoin 😏

Or probably the clipper can not be bought using btc, if they can buy other stuff with btc i assume they can also get a clipper with btc except of course this item can not be found in a btc acceptance store,

in any case, am just trilled to see such a btc enthusiastic family who truly live and dedicate their lives to the cause, it is very easy for many people to say they love btc, but am sure it will be most difficult to live it (i.e using only btc to make payment) especially when it is not universally accepted yet. kudos to this family.

Mpamaegbu

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shoreno

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asking the government ? but how can they do that or they only do a research online if the country that they are going to visit is crypto friendly or not because they are going to be in great trouble if ever they just decide to jump from one country to the other without knowing their laws and regulations . i dont know if the family have invested huge amounts of money because they manage to travel on 40 countries , imagine those expense if airline or ship , the food and other necesities but they invested in btc when its value is still small and they also in good profit now .

Walterhank

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This is so interesting and fascinating. The problem with BTC is the wide acceptability but these guys have shown that it's possible to totally live off of BTC. But it was up to me I wouldn't spend btc instead I would use them for savings and spend another strong altcoin.

sayaya17

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It amazed me in a small village in Italy, they accepted bitcoin for any payment. Even for barber payments, which are rare in any country.
But I don’t know, maybe this is happening in a country that already legalizes bitcoin. Like Japan, for example. But I’ve never heard
such an amazing story before. In fact, it’s from a country that legalizes bitcoin though.
Let alone in a small traditional village that is usually untouched to the internet, this must be difficult to be found in many countries.
In big cities, they sometimes accept bitcoin for investment only.

AjithBtc

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The person could've experienced lots of difficulties finding the right places accepting bitcoin for the required services. His dream needs to come true, maybe within few years of time we can expect atleast a 50% reduction in the difficulty to find a place where bitcoin is accepted in exchange for services. Looking him fiat users might think, what's the using it with such difficulty. He could've got an inner happiness that nothing could provide him. Going through the news myself too feeling an inner happiness thinking of his achievement.

dunfida

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Quote from: Reatim on December 07, 2020, 10:22:10 AM

One of the Highest achievement of Being Bitcoiner is what this family did,Imagine as a whole family that made this journey of life together ?

This is a once in a million group of people venturing 40 countries and take note using Only Bitcoin ,though maybe they had also use fiat in some way but the majority of their Travel is with bitcoin.

For many of us this will remain as dream and until forever won't become reality.

This is only possible if they held lots of bitcoins into their own wallet and its impossible not to say that they havent get any conversion from fiat knowing that
not all countries will really be positive towards bitcoin or does prohibit it but with that 40 countries then its dumb that they would chose to those places which
they cant able to make use of their coins.So they'll stick into those pro-bitcoin places which they can easily make out conversions if they wanted too.
You are right that the achievement of this family do able to attain is somewhat cant be taken by most families out there.This do signify on how they
really support up Bitcoin.

7788bitcoin

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Quote from: Reatim on December 07, 2020, 10:22:10 AM

One of the Highest achievement of Being Bitcoiner is what this family did,Imagine as a whole family that made this journey of life together ?

Reatim

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Latviand

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This story can be a good source of information or idea that bitcoin can bring a positive impact in your life.

Bitcoin can give you a lot of opportunity that you can find when you work on your job for so long. This cryptocurrency can make you have a businesses where you can have a stable profit. Bitcoin will not let you down when you believe on it and when you manipulated it properly in the market.

As soon as possible, engage in bitcoin because it is a proven and tested that it can give you or brighten you future even if it is volatile in the market.

Vispilio

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The family and the patriarch deserve high praise in that they timed their entry point very well, considering he is outside of both financial and cryptography related sectors.

His eye for opportunity and vision are pretty bright.

acener

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It is great that those 40 countries that they visit are all accepting Bitcoin as a payment method.
To be honest here in my Country I think there are only few who would accept it even in the city that I live in doesn't have a store who accepts crypto as a payment AFAIK.

YOSHIE

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Quote from: fiulpro on December 06, 2020, 10:14:25 AM

Okay I believe it's very cool ! What are your thoughts on this ? This family is not only exploring their way around the world but they are also educating people about Bitcoins.

this is not a cool story anymore, but it's amazing that all the activities they do with Bitcoin are great they have done in 40 countries, that's amazing.

If they go to my country I am willing to accompany them in all the activities they do, otherwise they will starve, very limited public places that accept Bitcoin, certain people do it, kidding, ha.

I once read one of the news about Forbes Kashmir journalist who underwent 7 days of all his transactions including buying coffee etc, with Bitcoin.
it's just that at the end of the story he didn't believe Bitcoin could do it all, after that he just acknowledged and believed Bitcoin was a digital currency that he could rely on.
He did it as a test of Bitcoin, what other people say is true, eh it turns out to be true.

Topic: **family survives 40 countries living only on Bitcoins** (Read 535 times)

Topic: family survives 40 countries living only on Bitcoins (Read 535 times)