Anyone else HAVE most or maybe ALL of their money in btc/crypto?

[Juggy777]

Or is it just me lol?

Can't complain thesedays, fat stacks just getting fatter  

Hahaha you are lucky to have done that, Mr Richie rich lol. I also had wanted to do the same allocation from last September but my finances suddenly became very tight, so was restricted not to make the jump, which I till date regret it. But I do hope you are profit booking, or having some strong alts though I don't like alts, some people made good money on them. Lastly must say you took a risk and that's going to make you rich and rich.

[RoommateAgreement]

sometimes i get scared about how much of my money is in bitcoin and then start selling a bit of it to balance things out.
i had a plan a couple of months ago to keep my total worth in 50% bitcoina nd 50% fiat but after all these months have passed i am still in about 90% bitcoin and 10% fiat and no matter how much bitcoin i sell these percentages don't change!

[YuginKadoya]

Or is it just me lol?

Can't complain thesedays, fat stacks just getting fatter  

If you are keeping track of the price value of bitcoin it landed on the $1400 value I think you are happy with the result of it rising it's value, but as of now the value fluctuate back to $1397.37 well I don't know the real reason for this but if you are considering that your decision in making all of your money into bitcoin a good thing? well for my opinion I think you can have a bit of a problem if the impending facts have happen number 1 the fork will occur, or regarding the halving if it will still happen like that, but it is good that it not happen, 2 internet connection will be shutdown and be a mare history in the face of the earth that O am praying not to happen, will be a great treat for you!

[LFC_Bitcoin]

I have about 30% of my life savings in bitcoin. I am very pro bitcoin but I'm not comfortable having 100% in bitcoin (even though I would have made even more of a shit load of money if I had done so).

[Yuhee]

I have about 30% of my life savings in bitcoin. I am very pro bitcoin but I'm not comfortable having 100% in bitcoin (even though I would have made even more of a shit load of money if I had done so).

technically as young bitcoiner, i realized that sometimes u cant even afford to be broke in banks. u have to maintain balance for ur money to still have interest. Where as bitcoin, broke is broke rich is rich. It's easy to transact and many ways to withdraw it. True that it takes time for confirmations but isnt it the gist why blockchain is created? Most of the money i spent was with bitcoin so i have no problem having all my earnings in bitcoin.

[Anarchist]

I have about 10% of all my saved money ( for retirement,ect). I keep converting about 10% of my job income every month. I know few dude who converted 100% of their money in bitcon & alt.Money they saved for more than 20 years

[paul gatt]

I have about 30% of my life savings in bitcoin. I am very pro bitcoin but I'm not comfortable having 100% in bitcoin (even though I would have made even more of a shit load of money if I had done so).

Although bitcoin grows strong and stable, however, it is still a virtual currency, there are always certain risks when you invest in it. For many people, perhaps they think that bitcoin is safe, however, I think they were wrong, it always sought to hide the risk of collapse, especially when the altcoins grow stronger. I never invest too much in bitcoin.

[yellow1]

No, I don't have all my money invested in btc or any other crypto currency. Maybe around 10%-20% only because I still have other portfolio like stocks and mutual fund investment locally. For me, if you are really into investment, you need to diversify. That's the first thing I learn when I started investing specially in stock years ago.

[mindrust]

It doesn't make sense to go all in on anything. That's the biggest mistake one can make in his/her financial life.

Always make a portfolio, divide your wealth in various assets. Bitcoin maybe one of them. It maybe the major one or the minor one. It all depends on the risk you are willing to take.

I am not much of a risk taker so I keep it around %10.

[Polar91]

It doesn't make sense to go all in on anything. That's the biggest mistake one can make in his/her financial life.

Always make a portfolio, divide your wealth in various assets. Bitcoin maybe one of them. It maybe the major one or the minor one. It all depends on the risk you are willing to take.

I am not much of a risk taker so I keep it around %10.

That should be the principle of a trade or investor. Meanwhile, I put 20% of my savings in bitcoin since I see its potential to rise more than we could expect. It's just a matter of time in order to reach that and I don't see any reason for bitcoin to volitile again as I see too many good news in crypto currency.

[audaciousbeing]

Or is it just me lol?

Can't complain thesedays, fat stacks just getting fatter  

Lol, but you are not the only one involved in this as I am happy I didn't sell earlier that what is being witnessed these days, it would have been the worst financial decisions I would have made till date but I am here sharing this testimony with you. We are aiming higher and higher.

[susila_bai]

No i dont have all of my money in bitcoins or crypto currency as i am bullish on bitcoin but i wont be taking risk of my life, i have my money split in between gold, fiat currency and bitcoin.

[Layla Mckenzie]

I have at least my half money in BTC and the rest of them in cash. And if something will happen, I will have money to survive cash or BTC It's a good way to be sure that you'll have money no matter what.

[TravelMug]

I'm not also buying that we should put all our money in bitcoin or any other crypto out there. What if this bubble burst? What will happened to you if you have all money in there? Safe to put around 10% as other poster said above, at least if you got busted, you still have money left for you to invest to others like real estate or stocks.

[Kprawn]

Sold a bunch of useless stuff that just gathered dust and used that money to buy bitcoins a year ago.... everyone said I was bonkers and were

wasting good money. I have since tripled the money I invested in BTC and some odd Alt coins and these same people are phoning me for some

advice on doing the same. This gives you that "told ya so" feeling, every time this happens. 

[rajasumi3]

yes there are people who are investing a lot of their salary in bitcoins.on the other hand it will happen that the price of bitcoins is increasind day by day,so it is predictable that many people are keeping their btc.it will be not any surprise if the people who are in the signature campaign are earning through signature campaign.

[traderethereum]

i don't change all of my money to btc or other crypto because i still need my money to fill my need in my real life and i only use a little part from my money in btc and the rest i get bitcoin by doing some work in online jobs. i think its not good to exchange all of our money into btc because we have real life and we need that money to buy something.

[Wesimon]

dear taxman i have x% of my money in bitcoin and have not been paying my taxes, i am declaring this on public forum that a lot of you 3 letter agencies are watching so you can come after me and screw me over. thanks for your services. <3

I suppose it depends on your jurisdiction or your willingness to participate in evasion. Bitcoin is not an interest bearing instrument, so there are no taxes to be paid on interest. If I buy something with BTC, the merchant will slap sales tax on the cost of the purchase. If I exchange my BTC for fiat, I may or may not be liable for capital gains tax. Taxes paid or not applicable.

As far as I know, the bitcoin you are holding now, regardless if you earned it, is not yet taxable if it is in bitcoin form. At the moment you convert it into fiat, then that money is then taxable. Correct me if I am wrong, I just read this information weeks ago from this forum.

I agree that we also pay taxes if we purchased something from a merchant, that is if the merchant/ business is registered legally, which is called the value added tax. Bottom line, we are still paying tax in an indirect manner.

[MingLee]

I don't know why anyone would have all of their money in any form of crypto, but for some people I've seen they have a good chunk of their money in Bitcoin or other cryptos and trade them relatively constantly. Not exactly the best move in my opinion, but if it works for them I won't argue.
Right now anything I earn from cryptos I'm keeping in a crypto form, no point trying to convert it right now. At least not while you can still ride the bull trend.

[MrSunshine]

Yes, as of January this year I am 100% in BTC and 9 other alt coins, and have more than quadrupled my investment. No one coin is more than 25% of my portfolio. I left the stock market which is tougher to get such big gains in. This was a gut wrenching decision for me, but I understand most block chain technology better than stocks. One reason I like the alt-coins is you can essentially get in coins at the VC stage. With stocks, by the time the stock IPO's all the easy money is made. VC's make the big big money. Sure, many of these alt-coins won't make it, but it only takes one.

 I truly believe we are upon a blockchain revolution, and I plan on riding it as far as I can. Chaos seems to be rising in the world and that helps the block chain revolution take off. Now that being said, if things start to look a little too bubbly I will scale back some into to Fiat. But I have a pension coming my way when I retire so I can take more risks then most. Good luck everyone. You got to be in it, to win it.