A newbie asks - how many % of your disposable money have you in BTC?

[goldlyre]

I'm a newcomer and it's my first post here.

I'm a newbie in this BTC thing, and till now I've put 1/20th of my disposable money (for investment purpose) in Bitcoin. To be exact, I bought them directly from a BTC exchange - BtcChina, instead of mining hard all day long with the sophisticated equipments. Yes, your guessing is right, I'm a Chinese people buying BTC with the local currency CNY.

My question now is that how many % of your disposable money have you already in BTC? Is 1/20th too small? thanks.

[goldlyre]

test 4 pic

[Yuhfhrh]

I have all of my savings in bitcoin, but then again I can afford to lose it all. I would still say at this point only put in what you can afford to lose.

[FreeMoney]

I have a few months expenses in dollars, most of the rest in coins.

[BR0KK]

A lot .....    but im prepared to lose it.

[Foxpup]

My question now is that how many % of your disposable money have you already in BTC?

100%, but I have a stable income and enough fiat for day-to-day expenses, so I don't have anything to worry about if there's another massive crash and the value of my bitcoin holdings goes down the toilet (instead, I see crashes as an opportunity to buy cheap coins).

Is 1/20th too small?

That depends entirely on how much you're willing to risk. If your financial situation is very secure, to the point where losing most of your money would not really cause you any great inconvenience, then you might be willing to risk most or all of your money on bitcoins. Otherwise, you need to think very carefully about exactly how much money you can afford to lose without it being a major problem. Do not invest any more than you can afford to lose.

[cunicula]

These guys have insane risk-tolerance. One-twentieth is plenty. I suggest also putting a much smaller amount in any compelling alternative coins you may come across.

[picobit]

To be exact, I bought them directly from a BTC exchange - BtcChina, instead of mining hard all day long with the sophisticated equipments.

So you are a sensible person!

My question now is that how many % of your disposable money have you already in BTC? Is 1/20th too small? thanks.

Around 2%  

Bitcoin may crash tomorrow.  Or it may make us rich (no, I don't really believe it will, but it could happen).

Until that happens, it is a fun and elegant experiment.

[bg002h]

I got mine essentially for free...back when CPU mining was do-able. I mined 200 coins in one night on my laptop...Bitcoin grew so rapidly that after the next difficulty change (which was like a week after I started mining), I was way way out classed and unable to mine...so I forgot about my coins until just before the crash. I sold some as we had become unexpectedly acutely poor due to health issues with my daughter and I am very grateful they became worth something. I don't actively put money in Bitcoin, but I consider not spending the coins I have left as my investment (and as a resident physician, my 500 BTC is a huge investment for me).

[Gabi]

Welcome!

[ralree]

Depending on how you do the calculation, I have a few percent of my money in BTC, but no more than 5%.

[prezbo]

About 50%. I bought bitcoins early on and they appreciated quite a bit (about 15 fold). Seeing my stock portfolio plummet in recent years, it'd be daft to sell them.

[BladeMcCool]

for me its about 70% gold, 25% silver, 5% bitcoin

[n8rwJeTt8TrrLKPa55eU]

Around 2%  

Also 2% here.  Somewhat depends on what is meant by disposable.  If I ignore semi-liquid items, the amount rises up to 5%.  Small enough to avoid committing suicide if price goes to zero, large enough to make me a retiree if price goes to $1000.

[RodeoX]

I think a small percentage is the best strategy.  If bitcoin continues it's rise then even a small buy will become a valuable asset. If it fails then you have lost little. If you can be disciplined, then use your coins to make more coins and cash out your original investment. That's what I did and now I use my profits for buying more bitcoin. I have zero dollars invested at this point, and I still have a bunch of bitcoin.

[justusranvier]

I've said before on this forum that it's premature to use bitcoins as a form of savings, but as the number of places where you can spend them increases the balances begins to shift to the other side. Another thing I look at is the possibility of (even more) draconian capital controls coming to the developed economies. There's something to be said for keeping your savings in a form that's resistant to being seized or frozen even at the risk of an unfavorable shift in the exchange rate.

[Lethn]

for me its about 70% gold, 25% silver, 5% bitcoin

Sounds about right, if you don't mind me asking do you have the money for metals in bullion or futures?

[phelix]

To be exact, I bought them directly from a BTC exchange - BtcChina, instead of mining hard all day long with the sophisticated equipments.

So you are a sensible person!

My question now is that how many % of your disposable money have you already in BTC? Is 1/20th too small? thanks.

Around 2%  

Bitcoin may crash tomorrow.  Or it may make us rich (no, I don't really believe it will, but it could happen).

Until that happens, it is a fun and elegant experiment.

I too think bitcoin is all or nothing in ten years. Better hold a smaller amount in btc and mix some gold and etfs/stocks in your portfolio. Also real estate if you can afford or real estate etfs/stocks.

[Realpra]

57% Bitcoin and 43% wind turbine shares. However with the changing rates and my new job yielding lots of new investment money it is changing rapidly. Until very recently I was a poor student so its really less crazy risk taking and more starting somewhere.

I keep as little as possible in fiat.

[P_Shep]

2%