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Fuzzy
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February 06, 2013, 09:55:25 PM |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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steamboat
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February 06, 2013, 11:45:00 PM |
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Investments- 100%
Net worth minus student loans- 80%
I have been telling everyone I know about Bitcoin since I first heard about it in 4/'01. They all laughed at me when the market crashed (thankfully I chose the mining route instead of purchasing directly), but after last year many of them are starting to take a serious look at it. A friend of mine was an investment broker for ML and has been keeping an ever closer eye on it since August.
Also, do we include mining gear?
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Luceo
Sr. Member
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Activity: 350
Merit: 250
Per aspera ad astra!
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February 06, 2013, 11:55:30 PM |
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About 25%, but at least 70% of it comes from Bitcoin directly or indirectly.
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XxionxX
Sr. Member
Offline
Activity: 254
Merit: 250
Digital money you say?
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February 07, 2013, 12:35:27 AM |
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I keep like %50, but that is mostly because I use most of my paycheck for other things I need besides keeping a savings.
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FAP Turbo 2.0, the FOREX trading robot which also trades bitcoin! I had to link it because I love the name. Seriously, that is the real name.
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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February 07, 2013, 01:11:56 AM
Last edit: February 07, 2013, 01:38:47 AM by Qoheleth |
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About 20-25%.
I'm long-term bullish on Bitcoin as a technology, but since its corresponding market is still foetal, I know there's going to be all sorts of fluctuations on the way up, many of them severe.
So I keep enough Bitcoin (and fiat) in exchanges to profit from those fluctuations.
That said, I recognize that I might be too starstruck by the Bitcoin concept to properly determine its worth as an asset, so I haven't invested any more heavily than that - I prefer to put most of my savings into sectors that correspond to the things I'd like to buy with them eventually (e.g. I'm saving for a condo, don't want to lose buying power, so invest in REITs).
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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payb.tc
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February 07, 2013, 01:26:12 AM |
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I have been telling everyone I know about Bitcoin since I first heard about it in 4/'01.
what is 4/'01? i have no idea how to interpret that. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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February 07, 2013, 01:36:31 AM |
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About 20-25%.
I'm long-term bullish on Bitcoin as a thing, but since it's still a foetal market, I know there's going to be all sorts of fluctuations on the way up, many of them severe.
So I keep enough Bitcoin (and fiat) in exchanges to profit from those fluctuations.
That said, I recognize that I might be too starstruck by the Bitcoin concept to properly determine its worth as an asset, so I haven't invested any more heavily than that - I prefer to put most of my savings into sectors that correspond to the things I'd like to buy with them eventually (e.g. I'm saving for a condo, don't want to lose buying power, so invest in REITs).
That strategy of saving for things in related products makes a lot of sense. Too bad you're just trading paper that has a nonzero chance of being unwound in a nasty fashion. |
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oOoOo
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February 07, 2013, 01:36:44 AM |
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The asset value of my house is enough negative to cancel out all other assets, lol.
You should burn it down and claim insurance LAL  |
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DoomDumas
Legendary
Offline
Activity: 1002
Merit: 1000
Bitcoin
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February 07, 2013, 01:46:54 AM |
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I'm buying at market price, each10 to 15 days, with each and every dollar I can ! Will sell 1/3 @ 100 --- 1/3 @ 1000 and keep the rest to spend as BTC  |
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sgravina
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February 07, 2013, 02:03:52 AM |
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1.3%. I'm old so I have a lot in real estate and retirement accounts.
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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February 07, 2013, 02:29:15 AM |
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That strategy of saving for things in related products makes a lot of sense. Too bad you're just trading paper that has a nonzero chance of being unwound in a nasty fashion.
Hey, that's markets. It's not like the Bitcoin I keep on Mt. Gox to trade with is any safer.  |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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February 07, 2013, 02:31:35 AM |
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That strategy of saving for things in related products makes a lot of sense. Too bad you're just trading paper that has a nonzero chance of being unwound in a nasty fashion.
Hey, that's markets. It's not like the Bitcoin I keep on Mt. Gox to trade with is any safer. Fair enough. I don't keep any funds on an exchange longer than I need to, but I don't daytrade anymore. |
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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February 07, 2013, 02:35:20 AM |
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I started about a year ago at about 20% and am now up to about 85% due to both increasing my amount of fiat injected in and appreciation. I am relatively young still and I know this is a once in a lifetime opportunity, so I am comfortable with starting over if it explodes because the possible benefit is just too high.
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Bro, do you even blockchain?
-E Voorhees
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Peter Lambert
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February 07, 2013, 03:02:35 AM |
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I have been telling everyone I know about Bitcoin since I first heard about it in 4/'01.
what is 4/'01? i have no idea how to interpret that. It clearly means April of 2001. Oh, wow, that must mean that Steamboat is Satoshi! (Or maybe Satoshi stole the idea of bitcoin from Steamboat?) |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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DoomDumas
Legendary
Offline
Activity: 1002
Merit: 1000
Bitcoin
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February 07, 2013, 05:29:06 AM |
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1.3%. I'm old so I have a lot in real estate and retirement accounts.
Switch a part of those fiat (hyperinflation doomed) investment to bitcoins !!! |
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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February 07, 2013, 05:09:31 PM |
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Switch a part of those fiat (hyperinflation doomed) investment to bitcoins !!!
You can't put Bitcoin in an IRA. Yet. |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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Bitcopia
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February 07, 2013, 06:35:56 PM |
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1.3%. I'm old so I have a lot in real estate and retirement accounts.
I love the old folks who take the time to understand bitcoin! 1.3%. I'm old so I have a lot in real estate and retirement accounts.
Switch a part of those fiat (hyperinflation doomed) investment to bitcoins !!! Real estate is not an investment in fiat and not likely to be hyperinflation doomed, those properties would just be worth $1,000,000,000 instead of their original $500,000. And likely the same scenario for the investment accounts, assuming our friend here has made some wise decisions for those accounts. His interest in bitcoins suggests that he did  But more bitcoins is always always a good idea. |
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The-Real-Link
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February 07, 2013, 10:29:11 PM |
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Put plenty of funds into mining rigs and BTC so it's definately a significant investment / testing for me.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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