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

tautelar

member

Activity: 90

Merit: 10

Quote from: zxl912157 on October 03, 2018, 10:40:52 PM

It's too dangerous for that and it's very vulnerable to losing your real assets.
It is better that the capital you use for cryptocurrency is around 20%, 20% for your current needs and 60% for your lifetime and back up Cryptocurrency.

I would agree, selling everything would lead to major issues along the road. Maybe 50% of the investment would be a nice limit to invest with.

zxl912157

sr. member

Activity: 588

Merit: 250

It's too dangerous for that and it's very vulnerable to losing your real assets.
It is better that the capital you use for cryptocurrency is around 20%, 20% for your current needs and 60% for your lifetime and back up Cryptocurrency.

MR_Klip

member

Activity: 210

Merit: 10

Quote from: cryptohoodz on April 12, 2018, 12:55:05 PM

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?

Of course, we all want to see the successful development of the crypto market. But in any case, so now do not need it, because it is too dangerous for your savings. It seems to me that the world society needs both types of currencies - both reliable crypto-currencies and fiat. Therefore, we must distribute our savings in both directions.

Downloaded

member

Activity: 182

Merit: 10

I have to admit that today the crypto market is a rather unstable sphere. Therefore, significant and dangerous fluctuations in prices are possible from time to time. Therefore, in any case, I will not do so, because it is too risky for my savings.

JeBro

member

Activity: 714

Merit: 10

Living is easy with eyes closed ...

I think that the one who sold all fiat and transferred all the money to crypto at the end of 2017 or the beginning of 2018 made the biggest mistake of his life. If at that time he had $500K, now not more than $100K.

kopleng

newbie

Activity: 18

Merit: 0

it's a risky decision, we all know here that cryptocurrency are so volatile nowadays, maybe they have their plans and vision why they do that, let's all hope that it's a good decision

annicketucufaw

member

Activity: 378

Merit: 16

Quote from: cryptohoodz on April 12, 2018, 12:55:05 PM

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?

If all goods and services will accept cryptocurrency I will do the same. But right now, only few companies accept BTC in my country, can be counted in hands. If I need to buy some wants and needs, I really need fiat here in my country.. But don't get more wrong, I really love crypto that's why I am here and I do believe someday we can use this digital currency as mode of payment to everything. I hope one day, we can use crypto in everything we need to buy liker service or goods.

Cordann

member

Activity: 280

Merit: 10

I do not think it's necessary to take such a step, because it involves too high risks for my savings. Yet we have to admit that while the fiat in modern society has a higher value and stability. But the crypto market is often unstable.

Chainsmokers

sr. member

Activity: 1372

Merit: 252

Quote from: cryptohoodz on April 12, 2018, 12:55:05 PM

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?

do not be too hasty in making decisions without analyzing them first. trading is a good and right strategy. don't just buy it without thinking about the risks that will be received in the future. I think what the Dutch family does is very brave and ridiculous. normal people must think twice about selling all FIAT for crypto. I only trade normally. I am not too greedy in taking advantage in extreme ways.

modmalaney

sr. member

Activity: 700

Merit: 251

I quite doubt it. It is too risky to run. We won't know what the needs of each person or even if there is a sudden large cost. may indeed make a big if indeed dare to take the risk but if for the life that existed then surely it is not too good to do. If you want to do so I think at least gradually.

biskitop

full member

Activity: 686

Merit: 104

it's very dangerous, because you risk losing more than 70% of your money. my advice, don't invest all your money in crypto, because the crypto market is very speculative and fluctuating. so, just invest it naturally.

nemesio

member

Activity: 253

Merit: 10

I think this is too crazy and wrong decision. It's unlikely that I will ever take such a step in my life. After all, we can not be completely confident in the stable state of the crypto market. Therefore, we risk losing all our money.

gorodi

full member

Activity: 476

Merit: 100

Quote from: maldini on September 11, 2018, 03:07:01 AM

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.

Now, only a really very risky person would do the same. I prefer to be very cautious as the market shows its high flexibility. It is much better to have the main job and invest some of the earned money in the crypto.

nellakarisma

full member

Activity: 582

Merit: 101

if I'm not, bro. because seeing the current market situation is not good if we save all our money in cryiptocurrency. must set aside some of our money to meet daily economic needs

Xiaolongnu

jr. member

Activity: 375

Merit: 3

I think it' very risky to do that, crypto is not stable and it also has cyber security risks. If I were them I will only keep 50% of my money in crypto.

Tejas05

copper member

Activity: 560

Merit: 0

NextPakk

No way that I will do such a thing. Crypto is a very volatile market and we do not know which way it will go. Still fiat is the regulated mode of payment for transactions and you should never forget that. I believe crypto is the future and it will come but no one knows when ? So until that date we will need fiat.

Harpawan

newbie

Activity: 252

Merit: 0

I don't think there are people who dare to use all their money to buy bitcoin. I know many people have sold their homes to invest in crypto, but that is 2017, during the cryptocurrency boom. Now, in 2018, when many people invest money in cryptocurrency to make profits, the market continues to decline. Even more than 60% decrease.

taeewo

full member

Activity: 392

Merit: 100

I cant do that because for me i believe investing on cryptocurrency is risk on his own, i will only invest few percent of my money and use the remaining fiat to set up an offline business.

Marsyam

newbie

Activity: 210

Merit: 0

for me indeed should we focus on one area of the first course. If you do not have the ability for multitasking. because I fear the concentration will be divided so that results are also not the maximum.

ObroQ

member

Activity: 238

Merit: 10

Quote from: cryptohoodz on April 12, 2018, 12:55:05 PM

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 would not have the guts to invest everything i have into crypto. As long as the world revolves around fiat it is better to have a safety net rather than worrying that the market will fluctuate and loose everything.

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