Topic: SELL ALL YOUR FIAT AND LIVE 100% CRYPTO!!!! - page 8. (Read 2463 times)
Selling all your fiat might be a big risk to take especially now that the crypto market is low and vulnerable, Cryptocurrency has not been fully integrated int the society . and a number of businesses still aren't accepting it as a means of pay. It may therefore not be a very wise decision to sell all your Fiat in exchange of crypto, You might just not be able to survive id you do as it ill be impossible to meet your daily needs especially if you are in a country that has not legalized crypto
In my opinion this is too insane) You can stay absolutely without everything that you have. I understand that it's worth it, but at what cost ...
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
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?
2017 scenario is different from 2018 scenario. It maybe profitable last year but it is different result this year. There is a big jump in price last year that needs a correction this year and it is still needs a recovery. Selling Fiat is fine as long as it is an extra saving and not the rest of your money. Would you dare to do the same? Sell all your FIAT for CRYPTO?
Well that is very impossible. We all know that fiat money is uses by everyone . If you sell all your fiat money?
What if you accidentally visited to a uncivilised country or town and they don't know or not uses yet a Crypto.
I think you can't survive.
What if you accidentally visited to a uncivilised country or town and they don't know or not uses yet a Crypto.
I think you can't survive.
I would never sell all my assets for Bitcoin. This is very risky. This Dutch family is a little lucky because they found the right time to buy bitcoin.
when I was ignorant, I had the same thought with you. BUt now, things change, I do not risk my life like that. Cryptocurrency is good, it can bring you a big profit in a short time. However, nothing can last forever, you can not sure whether they continue to grow or not. Or maybe, you might make a wrong decision and invest all of your money in a wrong coin
I do not think that the idea of selling all assets and buying crypto currency is a very clever move. Strong and rich of this world say that in the crypto currency you need to store only the money that you are ready to lose in case of a big panic in the market. I completely agree and do business only for half of my assets, and this allows me to sleep peacefully.
Saw that lol, they sound absolutely mental.
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 know bitcoin can so reach a very high price and I also know that bitcoin can fall down into its lowest. Me, I will not do the same thing as what they did. I still find crypto as a risky thing. For me, it is better to have investment in both fiat and crypto. In that case if crypto will not survive in the future I still have my fiat and vice versa but if it both lasts forever then I both have fiat and crypto. Would you dare to do the same? Sell all your FIAT for CRYPTO?
Good idea,but how would you spend your cryptocurrencies in your country if theres small number of merchants around? it would be useless if your coutnry doesnt supportt cryptpcurrencies.
I would invest 20-30% maximum.It is foolish to invest all the money if you do not have sufficient knowledge.You can lose everything.The risk must be justified.
I never do the same. I believe in crypto, but i also know that invest in crypto have very high level of risk. I suppose that everyone have to invest only sum which they ready to lost. And investment should be in different things not only in crypto. It is my opinion.
I will not do that. absolutely not. because cryptocurrency is a very uncertain world. just look at 5 months back bitcoin until today can not recovery well. many ico scam and increasingly difficult to earn money in crypto world.
Imagine selling all your assets and suddenly the next day you are penniless and the market crashed so hard. This will be frustrating. Better to stay safe and invest only the amount you can afford to lose.
That is very risky. But for me, if I have a lot of money I will not exchange all my fiat to crypto. Maybe I can invest 50% and 50% is for Daily needs, emergency fund and savings for just incase that I will not be as lucky as them. And surely, I am not going to sell our house for that. I cant afford to lose it.
Always diversify your portfolio.
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 interesting story. I will not do the same with them, because the steps taken are I think not wise. I will not sell any Fiat or any physical assets for crypto. I will only invest 10% of Fiat or my assets. That's because investing in crypto is very risky depending on market fluctuations. Would you dare to do the same? Sell all your FIAT for CRYPTO?
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?
This was one crazy move! This family took the risk and they got lucky! Question is, will the same thing happen if we were to do it? Most probably not! Coz the losing factor is greater in this type of venture. But that is what risk taking is all about, you'll never know without trying. Would you dare to do the same? Sell all your FIAT for CRYPTO?
I don't own alot of FIAT currency, if i had so, i would risk it when the market loses hype and especially when there's big dips.
I think that it's risky for sure, but who takes the risk and enjoys wild decisions is the one that is going to have a happy life at the end, that's my point about this.
At the end, we might live like kings or we might live a normal life, the key of the door is in your hands, you have to pick a choice.
I think that it's risky for sure, but who takes the risk and enjoys wild decisions is the one that is going to have a happy life at the end, that's my point about this.
At the end, we might live like kings or we might live a normal life, the key of the door is in your hands, you have to pick a choice.
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