A friend of mine just got into Bitcoin, lucky for him, his successful. Before he started Bitcoin, he was actually into a good business of selling artwork which wasn't so bad. So he got introduced to Bitcoin and had a quick success. It's actually a good and exciting thing to see someone progress fast like that, but he quit selling artworks and other little businesses that kept him going he stopped, he now depends fully on Bitcoin. Bitcoin is the king no doubt, but From my Point of view I think that depending fully on it might be risky to you financially. I don't recommend anyone to depend solely on Bitcoin or any single asset. Bitcoin can fluctuate rapidly and market volatility might impact your financial stability. It is actually very risky to invest in a single asset. The part that scares me the most is that my friend has put all his resources into this one asset. If am wrong please correct me. Thanks
It depends on how much you have been able to profit from your bitcoin investments. Alot of people who bought bitcoins at the very early stage and held till now without touching their coins would probably be able to spend their profits.. If its able to cover up all their expenses and give them a good life, they can choose to depend on it.. but it's advisible to get some investment aside bitcoin so you would be able to make extra income even if you choose not to do some physical work.. it can be an only investment or other crypto investments as well..