Bitcoin Forum

what's a float? the amount you keep that's unallocated and ready to spend either on crap for yourself, unexpected opportunities like new alts or even donations.

i usually keep about 0.05 free just in case something turns up.

Why do you create a new definition for the world "float"?

You're basically asking how much Bitcoin people have saved. That's quite a personal question, you might do better with a poll. I have enough to not feel comfortable disclosing the number but not enough to stop working for the rest of my life.

The definition of float (https://en.wikipedia.org/wiki/Float_(money_supply)), as it relates to money supply.

The definition of float (http://financial-dictionary.thefreedictionary.com/Float), as it relates to investing.

EDIT: I guess you're referring to the definition of petty cash float (http://www.mango.org.uk/guide/pettycashtopup), as it relates to money kept on hand for small and/or immediate spending needs.

i am indeed. i assume everyone has a little play money. i'm curious to see what they think a play amount is.

Yep.  It's 100% obvious what he's talking about if you just read the two lines that he posted, but I guess you had to be pedantic and talk about the exact definition of the word "float" instead.

Personally, I keep about 0.1 BTC on my TREZOR, in a separate account to my savings, for any BTC spending opportunities that pop up.  If I'm considering alts, I tend to dig into my savings - the 0.1 BTC is more spending money for merchants and to donate to websites if necessary.

Whenever I need to do something significant though, I can easily just convert some alts into BTC or dig into savings.

I always keep atleast 1 bitcoin to spend on different things or to invest in some good ICO and in altcoins when they are correcting for quick profit.
Also I hold around $2000 in USDT always to buy cheaper bitcoins when there will be panic in the market.

5%

I will always around 0.1 as floating bitcoin. It has helped a lot of times to invest quickly and also took it out for emergency with fiat need. I never touch it as long as it is needed badly. If I used it then I will probably refill the float as soon as I'm done using it.

I don't really keep money floating as I'm scared that I will loose it because of up and downs in the market. I know that it too complicated thinking in terms of holding a bitcoin as back up for quick investments. But I always like to have it liquid that is I will buy bitcoins and will invest as and when it is required to do so. :-)

i dont mind people asking "personal" questions because we are all
anonymous here on BCT  ;)

anyway, yes I have a little play fund on an exchange for trading
and exchanging etc. Its about 0.1BTC

Actually 0.04BTC

0 BTC. At the moment i'm not interested in ICOs, altcoins etc.... i prefer to just buy bitcoin and hold it.
ICOs can be a useful tool but unfortunately today is often use only to "steal" some BTC: yesterday they used to build new shitcoins, today there are ICOs.
Maybe in future i can buy some altcoins, for example ETH or other.

Yeah, but it's like to buy shitcoins at launch, only a tiny part of the altcoins reach a good value.
The very majority is shit, made only to steal some BTC/$.

So that's what a float is. Learned something new.