SELL ALL YOUR FIAT AND LIVE 100% CRYPTO!!!! - page 14.

HectorFabian

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Quote from: cryptohoodz on April 12, 2018, 11:55:05 AM

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?
Haha absolutely true, buy all the crypto you find. TAU, AION, DRGN AND LTC are looking strong and continuously progressing to go up. Depending on your use, choose one which satisfies your profits.

paulus51

sr. member

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If I did not have a family, I would do so. But if the risk is not justified, I have something to lose. Therefore, probably another time

JCLee

full member

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The sale of assets and fiat currencies to invest in crypto I think that is a mistake because if you do that will be very risky because you can not be sure whether the exchange rate of BTC increases or decrease, just a guess. Again, it is not allowed to put eggs in the same basket, as this will risk losing all of your possessions.

BitcoinMarshal

hero member

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This is not good decision as all eggs in one pot can give very big shock we need to do some good decision for life as we are living with family its more selective as most of time pundits give tips they also never encourage to do decision like this just 20% or 25% is very good enough for investment in any trade I will never do this as this Dutch family done because I have no heart like this and cannot afford to do investment like this

jahepahit

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Activity: 866

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it is a very crazy decision, selling all the assets we have for bitcoin I can not imagine how the fate of that family invests at a price of $ 20000 whereas now the price is only $ 7690 by giving up a simple life do not even eat within a few days if bitcoin back at a price of $ 20000 then they can breathe but if the bitcoin does not return what will happen to them

yoyolife121

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Quote from: cryptohoodz on April 12, 2018, 11:55:05 AM

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 totally agree.
Crypto is the future, I have my faith concrete. I have filled my bags with these, check them out:

ICX

NANO

XRP

PRG

Yo Exchange

newbie

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Sell 20% of your fiat, or as much as you can afford.

KennyR

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

This was a news that was trending around the cryptocurrency network for a short few months back. In specific he is one of the luckiest person as well, because the investment was made before the price pumping. He leads his life in refugee camp with other fellow people expecting good fortune to happen within targeted years.

krodmandoon

full member

Activity: 434

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I don't think I have the balls to do it that way. But my lifestyle have a very hard connection to the real world and it is not easy to break it up. Anyway looks like a cool idea and I will consider it in the near and no so near future.

bandar

sr. member

Activity: 686

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I play this game the other way around: I haven't invested anything since 2013. I invested 600$ then, got it out before 2013 ended and now I'm playing with the profit of all these years. If it goes to 0 then it's game over. For now it's game on Grin

Oasisman

hero member

Activity: 2716

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That would be a very risky move, selling all their assets, you mean everything? Are they using btc to sustain their daily needs? I think they still have a few cents for their daily needs, but majority of their assets was put to btc.
We'll having a huge amount of Btc while travelling around the world made sense.

Melfoy72

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Taklimakan Network : Business Platform for Crypto

Quote from: cryptohoodz on April 12, 2018, 11:55:05 AM

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 saw news last autumn one family with two or tree children did same stupid decision at BTC price 14.000
Gamble and crazy attempt, I think. Especially with children.

liseff3

sr. member

Activity: 532

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Profitable, but have a very high risk it is commonly called the Martingale Strategy. The main basis of this strategy is that sooner or later the price will rise far beyond the boundary of the flatlining of earnings. I think this strategy this's not much different from the long-term investments we often make maybe this strategy used by a Dutch family.

KryptoKai

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Activity: 630

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You have to admire people like that, they live life to the fullest and don't worry about the ordinary bills and daily grind. There are a few people that have sold their assets for crypto, mostly property. Now would be the best time to do it while the market is down and about to rise.

Ciucas

member

Activity: 266

Merit: 10

Come on, it's not possible to live 100% of crypto. You still need to convert some for fiat just for everyday use.
Maybe, in the future when you will be able to pay everything with cryptocurrency it would be possible to do this though.

JanCoppens

newbie

Activity: 154

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I do not think it's possible to live 100% crypto. As you say, they have to sell 20% of their crypto (so, turn it into fiat) in order to be able to live. You can't pay school bills in crypto.

maliboom

full member

Activity: 308

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I read this story in some newspaper. In my opinion, however, now it is no longer time for these perrformances. The transition from fiat to cypt will be continuous but very slow

CryptRoller

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Mining. Hosting. Cloud Mining.

Oh, apparently another Dutch couple put up their house for sale in 2014 for 877.5 bitcoin. (https://www.ad.nl/economie/huis-in-rotterdam-te-koop-voor-877-5-aan-bitcoins~aad8adf0/)
I can't find if it eventually was sold.

deepcryptomine

full member

Activity: 392

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Nope I would never do that. You are giving example of one successful person but there are many more failures that are out there as well.

http://metro.co.uk/2018/01/19/heartbroken-families-lose-life-savings-catastrophic-crash-bitconnect-cryptocurrency-7242067/

Even though this link is for bitconnect crash, would you think about getting out of crypto just by reading above news?

CryptRoller

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Mining. Hosting. Cloud Mining.

Quote from: Noobaru on April 12, 2018, 02:29:22 PM

Do you maybe have a link to an article about this family since I would be interested in reading a fascinating story like that?

But to answer your question, because it's an interesting one. I really don't know, since I don't have that kind of money. But if I would have, I guess I would invest in crypto, yes. Just not 100% of assets and I definitely wouldn't go around selling any of my beloved physical possessions or family heritage for that matter. But most definitely not if I would have a family. It's a rash decision, really. You need to be brave to do something like that, especially if you have a family. Imagine losing everything and think about the children. Somehow you need to bring them up. If you have $500,000 in possession already, why risk it? Cheesy

But usually, people with money get more money and those with cents, lose even those cents. Sadly, that is how the world works. Cheesy

It's in Dutch, but maybe Google Translate will help: https://www.businessinsider.nl/limburger-zet-huis-te-koop-voor-85-bitcoin/

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