Just a few hours ago I bumped into this story of a family that has lived on Bitcoin for 4 yrs travelling around 40 countries. That story did not just got me excited and motivated, but it also activated some doubts from within that I started to ask "how?". Was that even possible?
It is very rare to hear this kind of story but the interesting family claimed that this was made feasible after they had liquidated all their assets, from their retirement accounts and cars, to their clothes and toys, and bet it all on #Bitcoin in 2017 when it was valued at $900 per coin. Did you read that? Nine hundred dollars then! May be that could give the claim a kind of credibility after all. What do you think?
This doesn't really make sense for me. It greatly affects our way of life and will lack a lot of basic human needs. Also, this family has invested in Bitcoin at around $ 3500 and now their profits are around x5.
But think, if they were to invest 1/5 of their total assets and find other coins or invest in potential startup then perhaps their money is already x10 or x20. I find that they missed out on other rich opportunities.
In addition, the wandering life will also greatly affect the spirit of their children. So this really doesn't make sense at all.