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?
Thiw would be a risky decision. Cryptocurrencies are naturally volatile making it risky to convert all of your money into it because there's always a tendency to lose profit especially whenever the majority of the market is falling. One should be first awared of this amd also, he must be patient if he is really decided to do so.
A very risky decision that everyone could ever made especially to the current status and situation of the crypto market that we don't know when it will gonna be back to it's peak value again. So as of now if I will given a chance like this then I would definitely refuse it for I don't have yet a stable status here in crypto market but even in my life too.