They obviously hit it big in hindsight, but would you have called that move smart when you've heard it then? Also...
In 2017, CNBC spoke to the Dutch family of five when they were in the process of liquidating their assets — from a profitable business and 2,500-square-foot house, to their shoes — and trading it all in for the popular cryptocurrency and a life on the road.
Nearly four years and 40 countries later, Taihuttu and his family still don’t have bank accounts, a house, or all that much by way of personal possessions. All of the family’s savings remain tied up in highly volatile cryptocurrencies.
I don't think there's a lot of people who would be into that lifestyle, or would be willing to drop their entire lives for that matter. If you ask me, this probably had a lot to do with wanting to live life on the road, and not just trust in Bitcoin. It's fun to think about, and I'm glad it worked for them, but I imagine they're in a miniscule minority.
I'm glad that their strategy had worked. Otherwise, they might had lose all their assets all for just a single mistake. For me, what they did is totally a very big decision that brings a lot of risk. So i won't suggest doing that as it would make your whole life miserable when things won't work out for you. It's still better to invest only on the amount you can afford to lose, be it small or big.
However, risking your assets is not that bad. At the end of the day, it's your own decision that will prevail. If you lose, you should be ready for its consequences, but if you end up making huge profits, then everything you started is definitely worth the wait.
