Now, this is a topic that is maybe a bit late now but I was inspired for this question by a little post I saw dropping by from this Dutch family who sold everything they owned for BTC. They started travelling the world even since after the 2017 bullrun.
Now after hitting the news with their move back then literally every news feed wanted a talk with them, because selling you house, car and everything you own for bitcoin and taking the risk is something special. Or stupid...depends how it works out in the end.
By now they have a sold a book and have a good running Youtube channel which also most likely will provide them with some decent passive income here and there. The channel is with big letters in the thumbnails in the almost daily posts. I expect also a lot of these interviews will add a small coin to the bag. This isn't criticism at all, that is a well played game. But cashing out and 'living off of that'. I would say it is a bot broader than that. But that passive income discussion is a whole other ballgame and not for today.
Today the question is if you would be the one selling your property, selling your clothes, selling your old stuff all to buy bitcoin. Well, I don't know if you would do that today if that would be such a good idea for maxing profits, but maybe you were the person who has done this before already?
Are you willing to go all in?
Now if you would ask me, I would never be that person because I am not really a risk taker on that behalf. I would do a little bit, and not making these kinds of choices of maybe leaving a whole mayhem situation on my family if everything -god forbid- would deceide to go South.
But other people do, and those people might just be the ones now like this family sipping on martinis on the beach somewhere. People who are willing to take a risk, creating a life changing event. Maybe we are the ones who are the stupid ones having a day job on the side, which sucks up too much of out time to actually be a trader. (Trading is just really bad for the faint hearted, even if it is only a small amount)
So....would you be the one? And apart from this ATH from earlier in the week, how was it working out for your sanity during the bear market?
Posted Using LeoFinance Beta
Hee Karin,
I read about this family. Not sure what to think of it, but they seem to enjoy the lifestyle and attention. Found it hilarious that the guy said he had no idea how much money they really had ( as they only have BTC and it should be an easy calculation ).
I am 100% into crypto and my house ( here in Portugal ) is for sale right now. As you might expect, I plan to buy a bunch of crypto with it, when it's sold ( hopefully before BTC rockets too much.
I would never bet on a single horse ( even though I start to believe more and more in the future and upward trajectum ) of Bitcoin and am diversifying my portfolio and plan to diversify outside of crypto too, setting up several passive income streams.
Groetjes,
Vincent
Posted Using LeoFinance Beta
I guess if you are fully dependent on it thten you are well aware of how much it is worth.
You are selling the house dude? Talk to @revisesociology he is looking for land in portugal
and one horse indeed? scaryy!!
Don't put all of your eggs in one basket...
I really don't believe that they pay grocery with BTC ...
same thing..i cant imagine that if you are so btc siked that you are paying daily stuff with it