Topic: SELL ALL YOUR FIAT AND LIVE 100% CRYPTO!!!! - page 12. (Read 2463 times)
see the economics that I have of course for the time being I do not dare to do so. It's also possible I would never want to follow it because of certain very high risk. If I have no income at all will certainly be a very difficult thing.
I see no sence in selling oll your property in order to buy cryptocurency. I fix the income and withdraw it reguarlly. I spend money for my family, education, travelling. Why do I need much cryptocurrency if I have no opportunity to spend it?
I don't think selling or converting all of our Fiat or money into cryptocurrencies because the world isn't adapting yet fully to blockchain technology.
although there are already some companies who are adapting Blockchain and crypto as one of their mode of payments for their products and services like remittances and online payment, still the world isn't ready yet to fully transform all the transactions with crypto.
we still need fiat on our pocket for our daily life transactions and it's a matter of time that soon we will fully adapt the blockchain technology for everything and every day.
although there are already some companies who are adapting Blockchain and crypto as one of their mode of payments for their products and services like remittances and online payment, still the world isn't ready yet to fully transform all the transactions with crypto.
we still need fiat on our pocket for our daily life transactions and it's a matter of time that soon we will fully adapt the blockchain technology for everything and every day.
If you have skill about situation of market and possible to predict the trend of the market, can be that is good idea. But if you dont know nothing about situation of crypto market, for the better dont do it because you will bring your money in to gambling. That decision is very risky and only expert investor with great risk management can do that and make profit.
Apparently there were no risk management involved there and it was obvious, he merely took his chance, which fortunately turned out to his favor. It's worth the note however that having trading skills and being knowledgeable in the ways of the market is a big plus for a trader, but it had nothing with the scenario above because it was outright gambling. 
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?
Would you dare to do the same? Sell all your FIAT for CRYPTO?
I will not do that because I am not settle yet like them. But If my coin worth more than 500k maybe I will quit from my job and start travelling too. In my opinion we still need fiat for transaction in real world
I believe that crypto has really bright future, but i guess it's too risky to invest everything in it. I'm not prepared to do it)
that was before 2018 where cyrptocurrency boom especially bitcoin and it skyrocket. for me selling all your property to invest in cryptocurrency is not a wise decision. not all will have the same result. what they do is a gamble and they have guts to do it. you can do it too but my advice is not to do it.
I dont have the guts to do the same, yes its profitable in the long run BUT its very risky and cant guarantee a return because there are many possible things to happen in the world of cryptos.
I admire those people who dare to go all in and rely in their investments but for someone like me who has a family to sustain their needs well I have to think wisely. I believe in cryptos and the potential for more development but I think for now its enough for me to be contented as a trader.
I admire those people who dare to go all in and rely in their investments but for someone like me who has a family to sustain their needs well I have to think wisely. I believe in cryptos and the potential for more development but I think for now its enough for me to be contented as a trader.
I think that the world is not yet ready to accept our crypto life, although I would with great pleasure transfer all my fiat money into the crypto, but we are paid wages in fiat and so far we can only buy products for fiat, so to live only on crypto money will constantly transfer into fiat to pay for services and products, and this requires a lot of commission fees ....
I think if the price really jumped up and was very high, I would sell all my coins. But I doubt very much that in the near future I will see a price that would satisfy me.
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?
Would you dare to do the same? Sell all your FIAT for CRYPTO?
For now, i wont dare selling all my fiat to crypto.
Im just a normal guy who has a normal job with a normal life.
If i sell all my fiat now, where can get a money to buy my everyday needs.
I need fiat right now. But I am hoping in the future i will have anything or I can just sell some of my fiat to crypto and do what I want.
I don't dare. I think the stakes are high.
Because the risk is high in the entire cryptocurrency market, investing in all the money can make you lose everything.
Because the risk is high in the entire cryptocurrency market, investing in all the money can make you lose everything.
The risk of a noble cause, but not so. When I invest anywhere - I invest only the part that I can afford to lose.
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?
An exciting and sweet story, how someone dared to invest all his wealth into crypto. honestly, I have not dared to equal that person in making decisions, many things I think in my brain decided to invest all my money in crypto, only 70% Would you dare to do the same? Sell all your FIAT for CRYPTO?
I will never do that. It is too risky. That was a happily ending story for him and maybe some others as well but there are also other side of the story. Like those invested when in bullish market and suddenly the price rapidly drops recently. Imagine if they invested all their money? It will recover I guess but how long they need to wait in order to get the profit.
If you have skill about situation of market and possible to predict the trend of the market, can be that is good idea. But if you dont know nothing about situation of crypto market, for the better dont do it because you will bring your money in to gambling. That decision is very risky and only expert investor with great risk management can do that and make profit.
This is very risky. They were very lucky. I would not advise selling everything. Because you can lose everything.
Thia ia not advisable specially when some are just small tine investors. This market is very volatile and unpredictable if pwople expect a quick profit in trading and HODLing then they are wrong. Before trading you should have proper discipline, knowledge and you should know where to stop since being too greedy might lose you your money. For HODLing since it might take months or years for it to make large profits if you out all your money in crypto then you will be broke while waiting for your profits.
This decision is very personal, because we all have different priorities. Some, who want the freedom to live a gypsy life, the choice of laying roots at will, it suits them fine. But people who need to settle down, should never sell all their fiat or assets.
That is very risky. You need fiat money to buy and support your daily needs.
Jump to: