Quote from: NinjaCryp on August 04, 2018, 11:08:32 AM

Quote from: cryptohoodz on April 12, 2018, 04:55:05 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?

In my opinion, this is not a wise idea. Bitcoin and crypto are a nice speculation. It only develops profit in the long run. maybe 3- 5 years. Their problem is how they will spend their livelihood and life. Will the value that they trade every day will ensure health and spending in life? This brings a lot of risk. Should limit this thought.

Plus, they are currently impossible to hold as a method of payment, they are not even reliable for saving because you may loose all the money invested in just a single year or even a week.