Bitcoin Forum
April 20, 2014, 02:00:06 AM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
   Home   Help Search Donate Login Register  
Poll
Question: What percent of your net worth is in bitcoin?
< 0.5% - 10 (6.3%)
0.5 - 1% - 9 (5.7%)
1 - 3% - 19 (11.9%)
3 - 10% - 23 (14.5%)
10 - 25% - 38 (23.9%)
25 - 50% - 20 (12.6%)
50%+ - 40 (25.2%)
Total Voters: 159

Pages: [1] 2  All
  Print  
Author Topic: [poll] What Percent of your Net Worth is in Bitcoin? And why?  (Read 1931 times)
jtibble
Jr. Member
*
Offline Offline

Activity: 52



View Profile WWW

Ignore
February 06, 2013, 02:52:15 PM
 #1

Hello everybody,

I'm curious what percent of your net worth you keep in bitcoin, especially as this thread grows and takes on a life of its own over the months and years.

When doing the math for yourself, sum up the value of all the assets you own: your bitcoins, liquid assets (cash), illiquid assets (house, car, etc), gold/silver, 401k, investments, and your bank accounts. Divide your bitcoins' worth by the sum total and report back here! A spreadsheet is helpful.

I recently did a survey of my personal finances, and to my surprise, I'm at 0.832%. I spend much more than 0.832% of my time thinking about bitcoin, so this made me wonder why I'm so fascinated by something I have so little stake in. I plan to increase my holdings over time, until bitcoins make roughly 10-15% of the total. Of course, as bitcoins grow in value, this will happen slowly and gradually, but I've made the conscious decision to migrate some of my worth from dollars and stocks to bitcoin, which I trust and support much more than the US financial system.

What are your thoughts? Why are you (or aren't you) more or less invested in bitcoin, on a personal level? How did you get to be so invested (or so little-invested) in bitcoin?

Cheers,
jtibble


EDIT: Also count bitcoin-related-investments as bitcoin as well, since they can be quickly liquidated back into bitcoin. Thanks!

1397959206
Hero Member
*
Offline Offline

Posts: 1397959206

View Profile Personal Message (Offline)

Ignore
1397959206
Reply with quote  #2

1397959206
Report to moderator
Unbeatable Service & Product Support
Grab Your Miners at GAWMiners.com
Order Before April 25th to receive
Double your Hashing Power for 1 week!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1397959206
Hero Member
*
Offline Offline

Posts: 1397959206

View Profile Personal Message (Offline)

Ignore
1397959206
Reply with quote  #2

1397959206
Report to moderator
1397959206
Hero Member
*
Offline Offline

Posts: 1397959206

View Profile Personal Message (Offline)

Ignore
1397959206
Reply with quote  #2

1397959206
Report to moderator
1397959206
Hero Member
*
Offline Offline

Posts: 1397959206

View Profile Personal Message (Offline)

Ignore
1397959206
Reply with quote  #2

1397959206
Report to moderator
1397959206
Hero Member
*
Offline Offline

Posts: 1397959206

View Profile Personal Message (Offline)

Ignore
1397959206
Reply with quote  #2

1397959206
Report to moderator
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 728

It's all fun and games until somebody loses an eye


View Profile

Ignore
February 06, 2013, 03:13:20 PM
 #2

Hello everybody,

I'm curious what percent of your net worth you keep in bitcoin, especially as this thread grows and takes on a life of its own over the months and years.

When doing the math for yourself, sum up the value of all the assets you own: your bitcoins, liquid assets (cash), illiquid assets (house, car, etc), gold/silver, 401k, investments, and your bank accounts. Divide your bitcoins' worth by the sum total and report back here! A spreadsheet is helpful.

I recently did a survey of my personal finances, and to my surprise, I'm at 0.832%. I spend much more than 0.832% of my time thinking about bitcoin, so this made me wonder why I'm so fascinated by something I have so little stake in. I plan to increase my holdings over time, until bitcoins make roughly 10-15% of the total. Of course, as bitcoins grow in value, this will happen slowly and gradually, but I've made the conscious decision to migrate some of my worth from dollars and stocks to bitcoin, which I trust and support much more than the US financial system.

What are your thoughts? Why are you (or aren't you) more or less invested in bitcoin, on a personal level? How did you get to be so invested (or so little-invested) in bitcoin?



Should we count things like bitcoins realated investments (such as shares of SatoshiDice) as bitcoin or not?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
jtibble
Jr. Member
*
Offline Offline

Activity: 52



View Profile WWW

Ignore
February 06, 2013, 03:19:50 PM
 #3

Should we count things like bitcoins realated investments (such as shares of SatoshiDice) as bitcoin or not?

Yeah, I think that would be good. I'll make an edit-note of it in the original post. Thanks!

Bitcopia
Sr. Member
****
Offline Offline

Activity: 422



View Profile WWW

Ignore
February 06, 2013, 05:05:42 PM
 #4

I put about 5% of my income into bitcoins every week. I move half of them to a paper wallet and pretend they don't exist anymore. I like to play with the other half  Smiley

www.bitcopia.com

"The youth who can solve the money question will do more for the world than all the professional soldiers of history." - Henry Ford Sr.
dancupid
Hero Member
*****
Offline Offline

Activity: 924



View Profile

Ignore
February 06, 2013, 05:24:51 PM
 #5

I started with 1% and then it became 7% in about a year.
TheKoziTwo
Hero Member
*****
Offline Offline

Activity: 658



View Profile

Ignore
February 06, 2013, 05:29:24 PM
 #6

50% or more, true believer  Smiley

der_meister
Full Member
***
Offline Offline

Activity: 139



View Profile

Ignore
February 06, 2013, 05:32:08 PM
 #7

40-45%

true believer  Smiley

+1 Smiley

Moving on is a simple thing,
what it leaves behind is hard...
humanitee
Hero Member
*****
Offline Offline

Activity: 574



View Profile

Ignore
February 06, 2013, 05:36:52 PM
 #8

Probably about 90%.

It's a dice roll but I feel the odds are definitely in my favor.
dancupid
Hero Member
*****
Offline Offline

Activity: 924



View Profile

Ignore
February 06, 2013, 05:43:27 PM
 #9

I started with 1% and then it became 7% in about a year.

Replying to myself.
People say you shouldn't invest more than you can afford to lose - but with bitcoin I may suddenly think that the value of the bitcoins I bought cheaply may be worth more than I want to lose.  It's a strange psychological position to be in.
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 728

It's all fun and games until somebody loses an eye


View Profile

Ignore
February 06, 2013, 06:10:28 PM
 #10

I started with 1% and then it became 7% in about a year.

Replying to myself.
People say you shouldn't invest more than you can afford to lose - but with bitcoin I may suddenly think that the value of the bitcoins I bought cheaply may be worth more than I want to lose.  It's a strange psychological position to be in.

If your assets have appreciated, it might be a good idea to sell some off to lock in your gains and diversify into other investments.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
notme
Hero Member
*****
Offline Offline

Activity: 938


View Profile

Ignore
February 06, 2013, 06:47:10 PM
 #11

I have no idea how to calculate what percent my bitcoin holdings are because my net worth is negative.  Fucking student loans.

While no idea is perfect, some ideas are useful.
Programmer/Math Nerd
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
jtibble
Jr. Member
*
Offline Offline

Activity: 52



View Profile WWW

Ignore
February 06, 2013, 07:12:44 PM
 #12

I have no idea how to calculate what percent my bitcoin holdings are because my net worth is negative.  Fucking student loans.

In my calculation, I didn't factor in my student loans either. I just summed up all the things I own and found my bitcoin holdings as a percent of that, but I suppose that isn't precisely "net worth".

wtfvanity
Hero Member
*****
Offline Offline

Activity: 490


WTF???


View Profile

Ignore
February 06, 2013, 07:18:45 PM
 #13

I have no idea how to calculate what percent my bitcoin holdings are because my net worth is negative.  Fucking student loans.

Hmm... interesting. If you divide a number by 0, well, it can't be done. However, dividing a positive number (your btc) by a negative number (your net worth) you get a negative number.

But. Your net worth is calculated by summing your total assets and then subtracting your liabilities.

Maybe you could calculate the ratio of your bitcoin holds to debt.

          WTF Escrow Service     1% Fee.      Details Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
mb300sd
Hero Member
*****
Online Online

Activity: 896

troll (mini)whale, TO THE MOON!!! ┗(°0°)┛


View Profile

Ignore
February 06, 2013, 07:24:30 PM
 #14

50+%, but about 90% of it came from bitcoin in the first place.

Bltcoin Libraries: https://github.com/mb300sd
┗(°0°)┛!!! 1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco !!! ┗(°0°)┛
SgtSpike
Hero Member
*****
Offline Offline

Activity: 1106


Firstbits: 18tkn


View Profile WWW

Ignore
February 06, 2013, 07:31:07 PM
 #15

100%.

My asset holdings less my debt is negative (due to student loans), so ~ 50 BTC / 0 = ∞ (or 100%, if we want to be practical).

mp420
Hero Member
*****
Offline Offline

Activity: 485


View Profile

Ignore
February 06, 2013, 07:37:15 PM
 #16

Around 1%. Because I do not have the privilege of being able to allot a significant percentage of my worth into speculative investments.

On the other hand, my Bitcoin holdings constitute around 25% of what I have invested in any kind of instruments or currency.
Spaceman_Spiff
Hero Member
*****
Offline Offline

Activity: 546



View Profile

Ignore
February 06, 2013, 07:55:32 PM
 #17

50+%, but about 90% of it came from bitcoin in the first place.

I am confused, I think you mean to say you bought around $2 ?  Or did bitcoin used to be 90% of your holdings?

notme
Hero Member
*****
Offline Offline

Activity: 938


View Profile

Ignore
February 06, 2013, 08:53:58 PM
 #18

50+%, but about 90% of it came from bitcoin in the first place.

I am confused, I think you mean to say you bought around $2 ?  Or did bitcoin used to be 90% of your holdings?

He diversified his bitcoin profit, same as I have.

While no idea is perfect, some ideas are useful.
Programmer/Math Nerd
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Rygon
Hero Member
*****
Offline Offline

Activity: 506


View Profile

Ignore
February 06, 2013, 09:39:01 PM
 #19

The asset value of my house is enough negative to cancel out all other assets, lol.
notme
Hero Member
*****
Offline Offline

Activity: 938


View Profile

Ignore
February 06, 2013, 09:39:57 PM
 #20

The asset value of my house is enough negative to cancel out all other assets, lol.

You shouldn't have overpaid Wink.

While no idea is perfect, some ideas are useful.
Programmer/Math Nerd
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Pages: [1] 2  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!