Would you BUY BTC for your savings which you wouldn't touch for maybe 2-5 years?

[Sakarias-Corporation]

Would you BUY BTC for your savings which you wouldn't touch for maybe 2-5 years? i'm tempted...

[Morecoin Freeman]

Only if I was feeling lucky.

[Amph]

it needs 75% option, i would buy that amount, now it's a good time to enter the market and start investing in bitcoin, the price is low, is good enough

[Sakarias-Corporation]

it needs 75% option, i would buy that amount, now it's a good time to enter the market and start investing in bitcoin, the price is low, is good enough

75% added

[fearlesscat10]

Bitcoin is definitely a long term investment, so if ever you do buy bitcoin you would most definitely hold it for at least 2 years.

About putting your savings into bitcoin, I believe it would depend on how you allocate your "savings." I personally think that a person should never go 100% into a certain investment because all investments have risks. If I was in your shoes, I would maybe go about it like this. . .

20% Emergency Fund
It's not safe for anyone to put their savings in a place they can't access immediately. For example, a family member could require hospitalization but all your savings are in bitcoin. It would be a shame to have to sell at a bad price just because you need the money right away.

40% Bitcoin
You'll be holding this for the next 5 years at least. I suggest two possible game plans:
1. Hold until a certain goal price (i.e. $600) then sell and never look back.
2. Wait until a certain time limit (i.e. 5 years from now) then sell and never look back.

Or just whatever comes first. That is assuming that you're not one of the hardcore bitcoiners who plan to hold forever.

40% Other Investments
As they say, "Never put all your eggs in one basket." If ever bitcoin goes down, you could have an altcoin, gold, silver, or stocks, as another investment to cut down your overall losses.

Good luck.

[Sakarias-Corporation]

Bitcoin is definitely a long term investment, so if ever you do buy bitcoin you would most definitely hold it for at least 2 years.

About putting your savings into bitcoin, I believe it would depend on how you allocate your "savings." I personally think that a person should never go 100% into a certain investment because all investments have risks. If I was in your shoes, I would maybe go about it like this. . .

20% Emergency Fund
It's not safe for anyone to put their savings in a place they can't access immediately. For example, a family member could require hospitalization but all your savings are in bitcoin. It would be a shame to have to sell at a bad price just because you need the money right away.

40% Bitcoin
You'll be holding this for the next 5 years at least. I suggest two possible game plans:
1. Hold until a certain goal price (i.e. $600) then sell and never look back.
2. Wait until a certain time limit (i.e. 5 years from now) then sell and never look back.

Or just whatever comes first. That is assuming that you're not one of the hardcore bitcoiners who plan to hold forever.

40% Other Investments
As they say, "Never put all your eggs in one basket." If ever bitcoin goes down, you could have an altcoin, gold, silver, or stocks, as another investment to cut down your overall losses.

Good luck.

hey this is how my situation looks like at the moment

1; i live in sweden so if a family member would have to go to hospital all expenses would be paid off by the state

2; i've had these money for about 2-3 years now and i've never touched it cuz i've never really needed it,

3; i have a stable income and i do not have any plans to travel or anything like that for the next 2-3 years since i'm currently studying

[Sakarias-Corporation]

i am very very tempted

[Morecoin Freeman]

You have been on bitcointalk for some time. Did you invest in bitcoin before? How did that go?

If your feeling tells you to buy now then you should probably go for it.

[Sakarias-Corporation]

You have been on bitcointalk for some time. Did you invest in bitcoin before? How did that go?

If your feeling tells you to buy now then you should probably go for it.

i've actually had TONS of luck dealing with bitcoins, price has always been on my side and i use Bitcoins quite a lot, more then Fiat actually.
but you never know when that hammer falls down upon you...

[minerpumpkin]

Phew, good question... I would try and figure out how much I'm willing to risk. Don't invest more than you can afford to lose, of course! But putting a certain amount into Bitcoin doesn't sound like the dumbest idea, in my opinion!

[1Referee]

I would just invest 10% of my savings in Bitcoin and not touch it for a long time. Which I have done already.

Most of the coins I have earned with trading during early 2013 to today, now equal nearly 10% of my savings. And I am quite happy with that.

[mrhelpful]

I wouldnt do 50% nore 70%, there needs to a lower percent option lol.

I would choose probably 5% at most, and buy more depending on the price. The rest of my money would be in notes that earn me a better principal regardless on the future at a fixed rate. I rather be certain on how much I make 1st, then to speculate profit.

[fearlesscat10]

hey this is how my situation looks like at the moment

1; i live in sweden so if a family member would have to go to hospital all expenses would be paid off by the state

2; i've had these money for about 2-3 years now and i've never touched it cuz i've never really needed it,

3; i have a stable income and i do not have any plans to travel or anything like that for the next 2-3 years since i'm currently studying

Then by all means, if you think it would be a good choice, go for it. I still advise against going full 100% just in case bitcoin goes to 0. But I think you should buy little by little over a few months so you can maximize changes in price.

[futureofbitcoin]

hey this is how my situation looks like at the moment

1; i live in sweden so if a family member would have to go to hospital all expenses would be paid off by the state

2; i've had these money for about 2-3 years now and i've never touched it cuz i've never really needed it,

3; i have a stable income and i do not have any plans to travel or anything like that for the next 2-3 years since i'm currently studying

Then by all means, if you think it would be a good choice, go for it. I still advise against going full 100% just in case bitcoin goes to 0. But I think you should buy little by little over a few months so you can maximize changes in price.

I'm not lucky enough to be from sweden, but for me, it'll look like this:

For networth 0-100k: 100% in bitcoin
for networth 100k-1M: 58% of the amount over 100k in bitcoin
For networth over 1M: No point getting extra.

When you have a very low net worth, even if you lose it all, whatever. It doesn't help you much, and you can earn it back relatively quickly. But for the possibility of reaching financial freedom, I think it's very much worth the risk.

[belmonty]

Only invest what you can afford to lose and consider unexpected expenses you might have in the future. There is often something that hits you out of the blue and costs you a fortune. Put a percentage aside for the unexpected.

Remember Murphy's law.

"Whatever can go wrong will go wrong".

[Chef Ramsay]

If you're in your lower 30s or younger and have 10k or so, and you really are sold on what Bitcoin can do, you might want to be north of 50% in Bitcoin. Plenty of time left in your life to earn it back should it go sour. Doubtful at this point tho.

[LFC_Bitcoin]

I've invested about 25% of my net worth into BTC.
I don't want or expect any return from it in the short term.

I'm happy to wait at least 10 years to hopefully see a major return on my investment.

Fingers crossed hey, that's all we can do.

[LFC_Bitcoin]

I've invested about 25% of my net worth into BTC.
I don't want or expect any return from it in the short term.
[]

Yeah, looks like the short-term thing is pretty much off the table for you...

Hi guys,

I'm new here but not particularly new to BTC.

I've been investing for just under 6 months & have so far amassed 8.75 BTC, I bought most of my coins when the price was around £350 (GBP) , unsure what that is in dollars but I'm at a pretty bad loss currently.

We're down to around £247 (GBP) as we speak, do I continue to invest in BTC or just hold what I've got?
[]

Keep amassingHAHAHAHA. Nature favors the brave

Unsure if trolling but yes I am down quite a lot if you average out my buys over the time since I started last April/May.
I've been buying all the way down though.

The bear market will end at some point surely......

Come back to me in 5 years & we'll see where we are?

[Netpyder]

if you really dont need it.. 80% maybe

[Meuh6879]

i am very very tempted

what's the problem ... ?
you can convert Bitcoin in FIAT ... in the hour ... not like the others assets or captionable fund (like health life insurance).

since end of 2014, i use a mix of 90% of Bitcoin (life economies), 5% in bank (invoices) and 5% in cash (emergency).

Bitcoin is not a problem.

It's an answer.