Bitcoin Forum

When will be the time to have 80%+ of your all wealth in bitcoin? Will there ever come such a time?
I think bitcoin or any other, but there will definitely come a time when most of a person's wealth be in the form of digital. Do you think bitcoin has the potential to be that digital asset?

I'm pretty sure that nobody would put 80% of their wealth in Bitcoin if they had the money to do so. Bitcoin is only a payment method that lets people pay for different items in a faster matter.
There's a bunch of people trying to state that Bitcoin will be the New World Order Currency yet they have no evidence of that fact and they're just stating things on wishful thinking. Bitcoin could get transferred to another Currency without any issues and Bitcoin doesn't really need to be an official Currency right now.

i have all my wealth in bitcoin, actually it's the opposite, bitcoin gave to em all the wealth i have now and never bought a single bitcoin, all mined, or acquired in other way

there are definitely people that can live with bitcoin alone now that the mining profit is very high, but this was basically always true

still some thing need to be bought with fiat, like food for me

I already do.

The reason is because I actually got into using bitcoin in like 2010, bought coins for cheap, and held them for this whole period. And that meant that my bitcoin stash has actually sigficantly outperformed my fiat savings, which is quite amazing.

I currently have around 20-30 coins in my possession that I am holding in a cold wallet.

I'm still consistently buying bitcoins on a regular basis as well.

I agree, but don't you think the future is going pretty rapidly towards everything digital, and currency/wealth will be no different. So bitcoin or any other, eventually people are gonna save it all in the digital format, at least that is how it looks at the moment.
So the question is, why not bitcoin for that purpose and does bitcoin have in it to be that phenomenon?

I have all my wealth in bitcoin as well because im young. I would diversify if it was worth much more , but at this point im not worried.

I don't think I will do that for many years because it is not possible for me to live only on bitcoin since there aren't any places in my country that accept bitcoin and that means having your wealth in bitcoin requires you to keep exchanging it back to fiat to be able to live!
and that is not to mention all the fluctuations. in the long run you will be a winner and make a bigger profit but in short term it is hard. lets say you get paid and price goes down that week, that means that month you will have less money to live of.

This time will came for the particular bitcoiners when they fully believe the the bitcoin and second condition is that bitcoin will get official legal use of the bitcoin in the country by the government ( the recent example is Japan ) .
In this condition and time anyone can invest his whole the earnings of his life in the bitcoin and can make earning easy , Because he will take patience that he will get loss even the price got down because the bitcoin is officially legal and nothing is bad to use it .

I can't understand the percentage (80%) and what that means. To my point of view not all eggs in the same basket. Therefore, there are other assets someone to put his wealth and savings too. Even though I have a strong belief to digital currencies and especially in bitcoin it's not easy to see what will happen in future and bitcoin is volatile to trust my wealth.

When hyperinflation takes place, everyone's bulk of their savings will be in bitcoin.


And yes, bitcoin is the New World Order's currency.
And no, there is no evidence.
You want evidence?
Show me evidence that "Satoshi Nakamoto" is a real person behind bitcoin.
The fact is there are countless of things in our life that we take for granted and believe without much evidence and never question it, and yet here you want evidence that bitcoin = NWO currency?
Like having rothschilds appearing on camera live and say "Yes, we invented bitcoin. And yes, bitcoin is our NWO currency. And no, this is not April's Fool."?
Don't kid yourself.
We all have intelligence.
And our intelligence is intelligent enough to link all the missing pieces together into a complete picture.
If we are waiting for rothschild to appear to us holding an already complete picture, that will never come.

Some evidences are already there, like In-Q-Tel, CIA and NSA involvement in cryptocurrency in the 90's, but they do not directly say "Yeah, baby. We are the one behind bitcoin!" and neither should we be so foolish and naive enough with baby-like immaturity to expect such thing, as if they are going to tell us what's the best stock options to trade that will go up 100x in the next 100 days.

Other "evidences" we need to figure it out ourselves with logic and common sense, like asking how come Mt. Gox was set up to trade bitcoin. This is no funny matter, especially when bitcoin was so unproven with zero evidence that it will ever going to last. And here you have a businessman investing his money into an exchange to trade a digital token developed by someone (or something) else. And you have the mainstream media talking about bitcoin, showing how much they care about a digital token (unproven at that time) as a form of worthy news. That's normal if you don't already know that the major news media are all owned by the jews reading the same scripts no matter which channel you watch. I bet if I were to invent a cancer-curing herbal formula that is 100% free and workable that they wouldn't even want to fucking talk about it unless their jewish master orders so. And then we have companies going all the way out to engineer sophisticated electronic equipment that we call miners, made by Chinese company but has no China-made defects. Now that's pretty fucking neat job, I say. And these miners sold to us to mine a digital token that was reportedly developed by a nerdy Joe 6-pack japanese ("Satoshi Nakamoto"). All all the while we see people with deep pockets investing multimillions into facilities, funds, etc for this digital token, almost short of worshiping it, during a time when it was not even proven that it will last. It's totally amazing that these people would go fully out on a limb with their investment money and expertise to get us involved into digital currency to fight the government. Fucking noble, I suppose, don't you think? And then we have reputable institutions researching it, and adopting it, and creating educational courses on it. Yes, because blockchain is a breakthrough. Hey asshole, gas vapor tech that can increase your car mileage to 10x over is a breakthrough too but why the fuck they are not getting involved? And I bet you don't even fucking know what is gas vapor for your car despite such tech is already around us for more than a decade. It's not popular because nobody promotes it. Nobody promotes it because it's not from the powers that be. People like you and me promoting it is useless because there is so much we can do and get involved to make it famous, but those people behind bitcoin promoting it are definitely no average joe.

Phoenix currency. By 2018. As reported by The Economist. You wouldn't think that was a joke, would you? And you wouldn't be foolish enough to expect that by 2018, rothschild will appear on tv live and say, "We hereby present youuuuu.... Phoenixxxxxxx......... Currencyyyyyyyyyyy..........!! And for the best of your interest, please buy loads of it here at our office at 66th rothschild road. Price per unit of Phoenix currency will be fixed at $10,000. Buy now, while stocks last." Because if they really do that, not only will so few people buying, the adoption would be extremely loop-sided because only the few tiny rich people will buy while 99% of the rest of the population will just go for gold. Then adoption for their Phoenix currency will fail and their intention to control everyone through digital tracking will fail. Global adoption needs to be fully in place before the next economic collapse takes place or else their plan for world control will fail as without bitcoin, people will go for gold and silver instead, totally circumventing their control. For adoption to go smoothly and successful, they need sufficient time to introduce bitcoin and give enough time and attraction for people to adopt it and year 2009 seemed the best year to start, until 2018 for 9 years of time to work out the global adoption. Thereafter, a global economic collapse takes place.

You may say I have wishful thinking, but let me tell you this. My wishful thinking has made me substantial investment return in bitcoin and holding on to it despite all the volatility and uncertainty without trading it away for altcoins, thus saving me a lot of potential loss throughout all the pump and dump among the altcoins. And it is with my wishful thinking that I dare say that once global adoption is fully in place, officially, the global economic collapse that Harry Dent, Mike Maloney, etc have been talking about for years will finally be triggered.

Having so-called wishful thinking (or conspiracy theory) on this so far helped me to invest with confidence and weather the storm of uncertainty, when everyone else was clueless and just follow the latest news blindly. And I believe such wishful thinking will continue to make me successful in the future.

Most likely 10-20 years, probably sooner, probably later. Its thoroughly up to personal preferences. People who are leanient toward Bitcoin have already started changing over their assets into Bitcoin, while many still continue using fiat currency. There is no specific time span. However, the next couple of years are certain to have a critical influence throughout the cryptocurrency.

I don't think a lot of people will actually just move their wealth into Bitcoin.  What will happen is that people begin to earn their wealth in Bitcoin and then spend it without converting to fiat (for example, young people like me who mess around online a lot).

When you haven't already rooted yourself in fiat and banking, it's a lot easier to keep out even if Bitcoin will likely not be a major payment method (and if I need fiat I can convert it to a non-verified PayPal account, albeit with high costs and risk of scamming).

While for some things and some people Bitcoin is a great currency, its deflationary properties will lead people to view it as a stable asset, meaning that some investors who would have held excess wealth in gold might hold at least some of it in Bitcoin, potentially increasing that deflation and, in turn, leading more people to put most of their money into it.

Since when you mined all your bitcoin wealth? If you did that before halving, well you're the lucky one. Because like what peoples said on mining section, the profit from solo mining now is not so pretty high to solve the subsistence because of the electricity cost.

Very few users hold entire wealth in the form of bitcoin, because the uncertainty in the fluctuations make an fear among the entire user community to move everything towards bitcoin. The same might make a person from richest to poorest or vice versa as there is no central control system. Technology decides everything.

To have 80% of your wealth in bitcoin you would have to be a real bitcoin enthusiast.
I think that even amongst the users of this board here only a fraction of one percent will ever reach that level.
For the average user bitcoin is a way of payment. Many have a small amount as an invest as well, just in case of a very large price increase.
But the risk that this increase will not come is considerd to be so big by most of the people that they are not willing to put a large amount in it.

whenever you finally figure out that there is only 21 million bitcoins supposed to be created and nothing more. and there are already about 15-16 billion people in the world and a small portion of them investing in bitcoin means price would be 10 times more than this.
with that in mind the profit has been also good so far making bitcoin investment an awesome decision.

although you always have to keep the risks involved in mind. risks such as losing the private keys and losing all the funds.

It is too early for this if and the real question is when we will decide to put 100% of our wealth in Bitcoin. Personally, I would love to do this from now, but Bitcoin is not among the most popular payments methods yet.Hopefully, in a few years from now, the block issue will be solved successfully, and everyone will start accepting it, then you will see more people moving their assets into it and use BTC more as a currency than an investment.

Yes bitcoin has a very huge potential to be like that digital asset which will generate big profits and make most of its investors as a wealthy person. I think i will put the 80%+ of my wealth in bitcoin if i see that the price is less volatile and it is stable so i can be confident and feel safe in investing my own money in bitcoin because to be honest , one of the things that i'm scared of bitcoin is its volatility.

All my wealth im with in now is rooted from bitcoins.With the use of bitcoins and when the time i learn how to earn from it i've been able to buy all things i wanted too.All things that i cant buy before and now its all mine cause of bitcoins.

Bitcoin price is still so much volatile and i think this will remain same for next few decades, having 80% of your wealth on something whose price can go up/down by 10%+ overnight is very risky deal.

I think people will never store even 50% of their wealth in cryptocurrency and if someone is doing this than he /she may experience very big loss in near future.

it depends on your age, your income, your country, and your total wealth.
the answer is not a simple yes or no or a time for that!

for example there are a lot of teenagers using bitcoin, many of them around in bitcointalk. i say they should go in 100% with all the money they have because as a teenager you don't have much and you are relying on your parent as for expenses so even if you lose all you are still in your parents house!

but as an older person who is living on his/her own it becomes a little more difficult. and the difficulty is not because of volatility or even the lack of places to spend bitcoin, but the difficulty is because of the risk.
risk of price going down temporarily, or risk of losing your wallet or getting hacked,...

If you have 80% or more into bitcoin then you  are part of the few people who strongly believe in bitcoin. I wouldn't put such a high percentage only into bitcoin, for a simple reason: diversity. 80% is far too much for me at least. Not that i don't believe in the potential of bitcoin but i prefer mixing. And no, bitcoin is not the only method to lets people pay for items in a faster matter.

If bitcoin is truly the mark of the beast, then allocation/adoption should be 100% in terms of maximum financial gain.

I can say that more than 80% of my wealth is in bitcoin.I buy bitcoin instead of leaving my money in bank.
But the greatest risk involved with keeping all your money in bitcoin is bitcoin price.
Someday your $100 worth of bitcoin can become $80 worth.
It also sometimes become $110 but you never know when it will be 100 or 80.

i have to says i don't know when it will come because i have a problem cannot use my bitcoin to buying my daily needs and majority daily needs stores in my country not accept bitcoin as the payment because they says save bitcoin for long term is very risky especially the volatile for the price is still the main problem for cryptocurrency world that's why i don't dare to do so

Au contraire. I've seen quite a few mentions of higher percentages that that. It could of course been blag and their entire net worth could've been $500, but it's easy to underestimate how many hard core believers there are.

And a lot of people will end up with 80% net worth without even trying if prices rise.

then what am I? imaginary? i have a big chunk of my money tied in bitcoin and i am hodling it for years only spending what i need and all the profit and income goes into the cold storage.

and although i also see bitcoin as a payment method aka a currency but you can't deny that this currency is being adopted and its price is determined based on supply and demand and with a limited and fixed supply the increasing demand means an increasing price and a nice investment.

My portfolio is already 80% on bitcoin. All other assets I find boring and I can afford the risk anyway. Im looking forward to buy some other coins but so far none are worth risking may BTC for. Im holding some LTC because the mega pump is imminent when segwit activates.

That is a very dangerous thing, I think no one wants to risk it. 80% of wealth is a huge number for every person, whether rich or poor. Bitcoin has stabilized and evolved over time, it's very potential, but overall, it's still a virtual currency. Its value is unstable, rising and falling, and can collapse at any moment. So, no one is foolish enough to put almost all of their wealth into bitcoin.

Okie let's take this scenario. Let's just say that gold is more popular that Bitcoin, much older and much trusted investment than Bitcoin nowadays, but still 80% of people's wealth is not on gold. It's possible but it's tougher than we think it is.

People prefer what they can see and feel. They prefer to buy houses, cars or land. Even me prefer those things. Of course because those things can be used everytime and it's such a good feeling that your wealth won't be stock and you can view and use it everyday.

It would be a risk if 80% of our wealth is on Bitcoin, not mentioning future problems it would be hard to trust what we earned hard in a sublet thing.

Well it all depends on your choice and decision. If you decide to leave the banks today and place all your money into bitcoins then it is very possible that the 80% of your wealth will be in the form of bitcoin. We are already moving towards the digital age and that is very true that soon almost everybody will like to have their money in bitcoin rather than placing it on banks.

80% of the property, it's roughly equal to your total property. Betting such a big sum on bitcoin is a dangerous thing and not bad. Bitcoin is just a virtual currency, it has no stable value, it always varies depending on the market, although it is very developed and potential, however, it can crash at any time. If you put the whole property into bitcoin, this means you will probably lose all your money. Be careful about that, do not make the wrong decision.

if you are meaning 80% of total net worth then that might be a little difficult because a lot of the net worth of a person makes up his physical things like property, vehicles etc. If we are only talking about money, in a bank or in cash, then yes probably in coming years we all the money is delt in digital. Even now most of the transactions are made with credit card or other cashless methods so we are not far from being completely cashless. But all the assets in bitcoin, well that might be a long time before it happens.  

Having most of your wealth be transferred to Bitcoin is very dangerous, from my point of view. We all know that BTC is very volatile and because of that, you are exposing your wealth to unnecessary risks. We don't know what will happen to BTC or to all the cryptocurrency out there. It is not a good idea to put all your life savings into one digital asset only. It would be better if you'll diversify to lower the risks presented by these type of investments.

Personally, I dont see that time coming any time soon but it could actually be fast tracked for me if the government of my country can legalise bitcoin as a matter of urgency in the sense that no line knows what the government will do couple with the various laws in regulating the financial activities of the country that could put anyone having large amount as crypto might be open to risk...

When will be the time to have 80%+ of your all wealth in bitcoin? Will there ever come such a time?
I think bitcoin or any other, but there will definitely come a time when most of a person's wealth be in the form of digital. Do you think bitcoin has the potential to be that digital asset?

It  is very possible for bitcoin to be a digital asset, as you said because it may still be a #1 cryptocurrency on market for a longer time.
We may even see in some days bitcoin in offer of banks, as an investment for specified percent every year, but before that will happen, bitcoin need to attract more and more people plus older users have to remain in the web.

There is also another possibility, some other cryptocurrency may overcome bitcoin , and lately we could witness the alts volume going higher.
Nobody can say what is going to happen, some unexpected event's may occur and it will change cryptocurrency world completely.

I think bitcoin is a digital curency assets. because the future is still vague and no one is really going to know the future, then it is not wrong if we invest with a reasonable value. I am sure in the days to come more and more sophisticated and modern world.

Putting 80% in crypto currency is a dangerous thing, but there will be people willing to take that risk, because the chart, development and grow process really show a positive improvement, but since crypto still in early stage, it is still unstable at the moment, when it become more stable there will be more people willing to bet their wealth in digital form

I don't know where the 80% of my wealth will be converted to bitcoin. And I really don't have an idea if that is going to happen. Maybe 20%-50% of my wealth will be in bitcoin. Well digital assets is already happening it's like converting your fiat to digital money, just like people that are using PayPal most of the time.

Yes that is right people now a days are converting their money into a digital one because most of the items they want are online and it is easier to buy the things they want and deliver it into their home without doing any effort. I will also put my 20-50% of my wealth in bitcoin because that is kinda safe for me because if i put more than that, then it is a risky one of me because i can't feel that bitcoin will survive for at least 30 years.

It's truly risky but there are people that already started to put most of their wealth in bitcoin. I consider that there's a big percentage of my wealth in bitcoin and it's getting bigger as the price is keep on increasing. Maybe I'll consider it one day if most of the people are into bitcoins already but still I need to reserve some.

Having most of your wealth in bitcoin is a pretty risky thing to do. Yes it is smart to keep some bitcoin on hold and wait for the increase of value but what if the value of bitcoin decreased so much and most of your wealth is in bitcoin? You might wish that you should have converted them in fiat in the first place. We know that bitcoin today is unstable and its value is not to be trusted fully due to certain issues that bitcoin is facing. So it is still wise not to place most of your wealth in bitcoin so that if the value of bitcoin dropped, then yo will not loose much and if bitcoin's value soared high then you still gained benefit since you still have bitcoins in possession.

Risky or not, one day everything will be digital, I also have doubts about it, fears, but that is what future is bringing. I think that bitcoin have potential to become digital asset, most valuable one if I may say. I also think that its not smart to go all in in anything, but smart people will buy some amount of bitcoin and hold it for the future, not just bitcoin, I think some other coins can be also good for this kind of investments.

Any time where having 80%+ of your wealth in a single asset is a good idea means that everything else would have had to collapse as well in order to justify such a lack of diversification and putting a very considerable portion of your wealth into a single item.

If such a time was to ever exist, you would definitely have to be looking at Bitcoin being next to entire stable, and having no wealth-growing opportunities available at all. Such a scenario is incredibly difficult to imagine ever occurring.

AHhaa, why everyone is afraid of facing a risk ..? . All the things we do in the world is definitely going to be faced with a risk, because it's been there since we were born. The risk is indeed dangerous, but if we can find the solution then a risk would be minimized and there is a possibility that we'll never get those risks as long as it is always update or are on a path that has been created by experts in their field. Bitcoin is indeed something large and profitable thing, other than that inside there is also a risk. But it can all be passed as long as we are willing to strive with the hard
 

The point is: Minimize the risk. Bitcoin now is too risky for many people, because nobody is sure about its future, when the mass adoption starts, what will happen? Blockchain hasn't capacity to process all the transactions at same time, fast and with cheap fees. The risk is high and there isn't guarantees.

The same when you invest your money. With fiat there are many guarantees, banks usually make a deal saying you won't have losses by X amount invested. With BTCs we don't have this. The site closes, the owner go away and you lose all your money. That is one of the reasons the risk is high and people fear to start investing here.

I guess it was only possible for them, having wealth in the form of bitcoin if they just focus on their business, or their jobs to look for bitcoin. Well, now I have not got a job, so I guess, about 80% of the wealth that I have comes from bitcoin.

I doubt they will do it. That is way too high for a risk.
I would pretty much put 50% of all my savings rather than 80 and I am a little crazy on that time.   ;D
There is still doubt into what bitcoin could be in the future that is why they will not give all including me.
You dont want to see yourself broke when a fall suddenly happen and you will need that money that you invested.
Maybe some will do but that is way too low percentage of people that would sacrifice their money.
Not now, maybe someday.

But I think even 50% is too high to invest in bitcoins look at the uncertainties in future as anything is possible with bitcoin in near future and if we invest huge amount in it and if bitcoin fails then we loose all our money in no time and that makes it a very risky investment.

It is unlikely that anyone wastes their time and possessions to do things that are not useful. But when they know they can get rich quickly thanks to bitcoin, every try can happen. To trade a small fortune for a big fortune, why not?

Yes, that's really possible. Some alread did it. And I would say 10-29 years from now, almost all money are converted into digital. That would be the time that bitcoin will be extremely famous. That will be the time that there will be more demands of bitcoin thus the price by that time will be extremely high too.

i have big trust that bitcoin will be that asset. you know its very big risk to put 80% of wealth on digital asset. maybe maximum of them will be 50%. i also hope that time will come true.

I think it would be possible as long as you know how to keep your bitcoin. I can now say that bitcoin is a great asset in the digital world since bitcoin price is unstoppable. If you keep your bitcoin you will gain a lot of profit in the future because bitcoin will increase up to 6k $.

It is very risky putting all your eggs in one basket. In this case 80% of your eggs. Personally I wouldn't go over 30% of everything I own, regulation might still come in the future that may hurt the price.

Bitcoin added 300% this year, so your wealth raised in four times as minimum. Actually with Bitcoin it's easy to increase your wealth, but yes, it costs a lot already and we can say it's late to invest in it today, but it is not like that at all. Many people over the forum prognoze 10000$ price by the next year and again it's +100% to your wealth, so let's go!

80% of my wealth in bitcoin is not possible as of now. In future, yes, its possible. Need to work hard to earn more bitcoins to achieve this mile.

You gotta be kidding me, Even 50% of your wealth are very risky to used for investing in bitcoin or other cryptocurrency. I will assume that was a gambling not an investation. There's nothing could guarantee when the price will crash and never recover like its common habits. If the price of the bitcoin was skyrocketing, it will be a huge profit. But if it's not, It will be a huge loss, Wasn't it a gamble? All in, and wait for the result.

People who have their full earnings in bitcoin will definitely have more than 80% of their wealth in bitcoins.It would be easy to understand this since they would not have to buy bitcoins separately by spending their money.

But people who would have to invest money to buy bitcoins would definitely will not have more than 50% of their wealth in bitcoin as they clearly know that it would be a huge risk since bitcoin is a highly volatile currency.

Since i have my full earning only through bitcoin,i have more than 80% of my wealth in bitcoins only.