Bitcoin Forum

round up after #5.

More than I have. Took a loan from the family.

Accidentally all of it. I used to have $1000 in savings.

This poll needs options for over 100%

I was going to vote 50% but then I saw it was only in BTC not all of crypto.  ::)

added an "over 100%" option.  :o  i guess could have made the poll to say "how much invested in Crypto" instead of BTC. but if you have other crypto just count that as BTC also.

approx 50% invested more than 50% of their savings, very interesting.

lol, does that mean like mortgaging ur home car and kids ?  :D

The only thing I have invested was time.

All of my coins I have saved I mined myself.

any fiat debts :) start  applying for those credit cards you never intend to pay off. :)

time is money!

But it wasn't my "savings" (retirement, etc). I started with my gaming PC, mined some coin, bought hardware and built rigs with said mined coins. Then bought some more rigs. Saved some coins for retirement (a lot), invested some coins in a business, sold some coins, and still have some spending coins left. Everything has paid itself off, and gave me a bright future.

All from a single ATI 5750 a few years back. :)

not too shabby. are you using the 5750 to mine alts now?

Nah, sold it years ago... All of my GPUs are 7950s now. Also have some ASICs hashing away (bitcoin), and getting weekly dividends from LabRatMining.

Invested 1% which now is 10%.

Invested a small amount, now it almost (did when the price was over $1.1k) makes up more than all my other assets combined...but I don't have a lot of assets, so it wasn't too hard to do.   :D

Would have a lot more if it wasn't for Satoshi Dice and Gyft.com.

Less than 0.5% (basically, play money that I wouldnt miss if I lost it all)

I'm glad bitcon put up this poll, i'm actually amazed by the number of people invested above 50%

and 25% @ 90% savings :o lots of people here with Titanium Cahunas  ;D

very important distinction

This poll also needs a 'less than 0%' for people who owe others bitcoins

i started in 2011 with just 5%.

in april 2013 i cashed out housing savings plan and went "all in" with 50% of all savings.

since 2nd half of november btc investments grew so much it dwarfed all gold and stock investments and is now at 90%.

it definitely is, I invested a minuscule portion of my money in 2011 and by now it's grown to be pretty freaking comparable with the rest, even though the rest has grown in that time, too. If bitcoin grows another order of magnitude, I'll have to seriously rebalance.

I was worth $1000 before BTC. So approx 100%.

0

invested around 3% of my savings. Due to the growth in price of Bitcoin and the decline in price of gold and silver (another significant part of my savings) it now represents more than 50%  :D

if your smart, you first invest in beans, bullets and bandaids.

Enough for you and your family for at least a year.  Three years is better.

ONLY then, invest in Bitcoins, gold, silver, etc.

When the coming crash occurs, you can eat the former.  The later is just wealth preservation.

As for me, maybe 5%.  Which puts me in the top ten K or so.

Most of you won't listen to my advice.  One day in the not too distant future you may be paying all you have for just one meal and then have to beg borrow or steal to stay alive.

Some of you will laugh now, at what I am telling you.  Much as many people are laughing about bitcoin.

Over and out.

During the rally I was using margin so 200% of it.

When I first entered bit coin I only used 10% of my savings, but it quickly grew to become 95%.

I just withdrew 4% of my btc money and it tripled my fiat savings back on earth.

and move away from a large city I must add, as no bullets or bandaids would save you there.

And western countries. The collapse of social utopias are never peaceful.

Agreed.  Rural South America looks better and better.  Go south young man, go south.  Chile comes to mind.

How much does it cost to buy 20 acres there?

Much cheaper than Europe or USA/Canada.  Get yourself some fertile farmland, hire some hands to manage it.  You will always eat, come what may.

That was the secret of my Grandparents during the Great Depression - lived on a small farm in NH and never went hungry.  Homeless would drop by and ask to split firewood, work in the barn in exchange for a meal and warm place to stay.

Note to city boys: You cannot eat paperwork.  Never disparage a farmer with your mouth full - it is bad manners and reveals your true ignorance as to where your sustenance comes from.

Chile in fact does look good. That or Australia, depending on the budget.

Forget australia. Might not look it on the surface, but it will fall with the rest of the west. In fact, I would not want to be anywhere near america, either one of them, when things head south.

Well one problem with Australia is its proximity to the sleeping giant known as China.

Another advantage to the southern hemisphere is its lack of nuclear power plants.  Imagine a grid down situation in the USA and Europe, where the nuclear power plants go Chernobyl and Fukishima - by the dozens.  An interesting situation to say the least.

If you look at a map of wind patterns, the Northern and Southern Hemispheres of the planet earth do not mix much.

Go south young man, go south.

As for me, I am a relatively old man compared to many of you, in my 50's.  This is my home in these moutains in the USA - I am here to stay and make the best of it.

A word from someone who has lived and seen life: If I were young and full of bitcoins just starting out, I'd go to Chile, buy a farm in the mountains, and start fresh in what is now the freeist country on earth with the greatest potential and natural resources.

note to knuckleheads: no, America USA is NOT the freeist country on earth.  That is soooo twentieth century.

inb4 intro from "the newsroom"

http://stream1.gifsoup.com/view/876322/louie-spence-o.gif

Well I didn't have any savings but I borrowed a bit off some people and some banks (interest free overdraft), bought a bunch of BTC at £40 and spent about a british grand on a mining rig a few months later. I voted 100% - Although I didn't use "savings", I was looking at the process as an investment, and lived quite basically for a while to repay the debts.

I'm doing OK. Wish I'd accumulated some more when I was actively using them at £5-10, but I count myself lucky after reading some of the horror stories of lost coin stashes etc...

I went all in a bit back, now my Bitcoins are worth about the same as half my current capital in my mortgage :o

Funny you said that...I've been looking at Chile myself. I even suggested it here https://bitcointalk.org/index.php?topic=354227.0

I'm very impressed with Chile so far. It's the new first-world country. Modern roads, low taxes, clean water, good sanitation, almost any climate you can imagine from desert to rainforest. California upside down.

California upside-down but with comparable, if not better wine  ;)

Sounds good, I fancy living off the grid somewhere someday, Chile would be a nice choice. Good surfing too!!
http://surflockerchile.com/wp-content/uploads/pichilemu.jpg

mmmm Glassy clean Chilean point break lines > dirty Silk Road lines  :D

It didn't start off being so high, but now it is more than 50% of our savings (I didn't include my house).

just a friendly reminder your house is a liability not a asset

This.

80% another 20% i put on physical Gold/Silver, Emergency bank account, and traditional investment like unit trust etc.

40% of my net worth has now turned into 90% of my net worth  :o

Tell that to my parents who sold their house and my dad is still living off the proceeds 10 years later.

Its a liability if you are making payments on it.
If its paid off, its an asset.

started with less than 10%, now >70% due to increase in exchange rate :D

I voted <10% because that's what they were worth when I bought them. Until I sell them that's all they're worth.

I have invested in BTC fully. The first time I took a deep dive into the math, I knew what it was. Unfortunately back in 2010 when I first encountered them, I did not see anywhere that they could be fractionated. Nobody talked about that then because they were so cheap to buy. Everyone always talked in whole bitcoins. I was concerned that there wouldn't be enough to go around. When I realized they could be fractionated down to 1/100,000,000, I started investing everything I had in them. I am a bitcoin millionaire.

Turning 2 large pizzas into your life savings... #onlyinbitcoin

100%, have $4000 invested in bitcoin and about $200 in the bank

p.s.  will kill for time machine

You can buy a plot of land there for BTC btw.

Oh and to get back on topic, I put 90% given I also have some metals that I unfortunately lost in a boating accident.

I invested 20% of my savings in Bitcoin last week, a day before the value went from $1200 to $500.  Not a good start whatsoever, but I'm in it for the long haul and looking forward to seeing what 2014 brings. 

I don't know how to answer.

Is is how much fiat I put in, or how much value I have now?

I put in 2.5k back in not much before the bubble of 2011, that was about 50% of my cash holdings at the time and about 8% of my income, fresh out of university I had no concept of savings at all, money was for rent, food, hobbies and entertainment.

Now it is worth far more than anything I have outside of bitcoin. Will end up getting a house or a sizable deposit of one out of it in a year or two when I'm ready to build a house.

What is a "bitcoin millionaire"?  Do you have a million bitcoins?

A fair chunk is in mining equipment which I bought with BTC, so it's a decent proportion.

Times have changed, my friend.  Those days are done.

Your parents are also living off the proceeds of social security and medicare...programs you are paying into that you will likely never see when you retire.

The "Greatest Generation" really set themselves up nice.  At the next generations expense!

The beauty of renting is that you are liquid: can easily move to where the opportunities arise as soon as they arise.  A house and mortgage can be a ball and chain.  Ask some Detroiters.

Also, should the SHTF in your town you simply walk out the door to greener pastures.  You don't even have to lock the door on the way out.

Stay liquid, my friends.

Oops.  meant to click on less than 10%.  But if we look a pure currency...since I have nothing in money, it's about 50% lol.
All of my savings are invested in real estate!

News to me.  My house is worth almost 3x what I paid for it.  And I don't see it going down any time soon.  By the time I sell, I expect it to be 4x.


I don't buy into this commonly-held notion.  I think Social Security and Medicare will still be there.  But I have bitcoin so I don't really care as much.


Perhaps.


Bitchick is a Realtor.  Location, location, location.  Detroit was a hole when my mom left 60 years ago.

The ugly of renting is that you are throwing away your rent money instead of building an asset.  That's a heck of a lot of money to be pouring down a drain.  I'd rather have made 3x on that money instead.


Since I don't live in Detroit, Harlem or Compton, I'm pretty sure my house will continue to be desirable past the point where I sell it.

I invested 30% which became more than 60% at current prices.
I pay bills with fiat and can't really save any. Hopefully btc will continue to bring profit  8)

More and more as valuation tothemoons.

Not much life savings I invested in BTC, but now it represents most of my life savings.

I invested about 5% back in Feb 2013.  I panicked and sold about 1/3 of my bitcoin at the bottom after the April crash.  For the 6 months following I could not decide whether to buy more or sell, so I did some of both, which significantly raised my cost basis.  Now I believe I finally 'get' bitcoin, and buy and hold for a long time.  I think the strategy of selling off 10% each time the value increases 10-fold is a good strategy, at least as long as it does this at least once a year. 

Now it is about 75% of my savings, but I added alot more than the initial 5% in the months following the April 2013 crash.  Still waiting patiently to cash out an amount greater than my initial investments.

In my opinion the most valuable thing to catch about bitcoin investing is the importance of holding for the long term and being patient.  And selling a little bit annually, only at all time highs.

Lol. I don't know anything about USA, but here in Australia the only people who will say that are people with a vested interest in pushing real estate (ie. you). Anyone who is impartial will tell you that renting is more financially advantageous to buying.

There are benefits to buying, like not having to deal with rental inspections, being allowed to renovate, etc. But money is not one of them.

The difference in cost between buying and renting an equivalent property is generally about 2x. So to buy a $400pw rental would cost you about $800pw in mortgage and other things. If you decided to rent and put the extra savings away, you'd have saved over $600,000 over the life of a mortgage. That's if you DIDN'T invest the savings and just stuck the money under your mattress (I'm well aware of inflation - this is why in reality you would invest it). You can buy a house outright with that and not even need a mortgage.

People who think real estate prices are going to keep going up are delusional. Even more so than some of the bulls on here. See:

http://upload.wikimedia.org/wikipedia/commons/0/0b/Melbourne_House_prices_from_1965_to_1912.jpg

So even if you do have cash to buy a house outright, it's still perhaps smart to rent for now and wait for the prices to continue falling.

It depends on supply and demand in your area.  Where I live, most property is owned by a few rental agencies and most tenants are college students.  Rent here is double what the mortgage payment would be.

Didn't start at 90% tho, most of us just got there :P

I'm a homeowner myself, so I recognize the value of building equity rather than spending it on rent. However, I also recognize that maintenance on the house also eats into my budget considerably, so hopefully it pays off in the long-term, but in the short term -- financially -- not so much.

I'd love to know where you're getting 3x value on your house. I have family that have lived in the same homes for 20+ years in nice areas of town and the value of their homes are maybe 2x what they paid, but of course, that's straight up value in dollars (inflation not considered). In reality, the value has probably outpaced inflation by just a bit.

Either you're measuring the value of your home in pre-inflation calculated dollars, or you're smoking something very powerful, my friend  :)

I hold 1 BTC and have saved 3k€ ... so ~5%?

Still less than10% but not by much

Something like 20%, no ?
You can count current Bitcoin value, price you bought at doesnt matter

17%

100%. but it's not that much....not rich here....

yeah then its more. bought it at 100 or so

don´t worry
you will be.

just keep your coins and try everything to grab some more.

+1