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

[n0ne]

If you have 1.000$ total and you do have it in bitcoin, there is nothing to be surprised about. But If you have 100.000$ total and have it in bitcoin or other cryptocurrencies, this is extremely risky.

Well described the risk of investing all the money into bitcoin. When limited amount is invested into the cryptocurrencies and even if something worse happens it won't affect the user. Same if the entire earning is invested we don't have any other choice to live further, because bitcoin is unpredictable.

[LordKitty]

I think most of the btc mega rich got into it when it was extremely cheap.  Don't know many people who cashed out their stocks, sold their houses, sold their businesses, etc and bought btc with it.

[Rinder]

Well my money that i get from the job is used to house needs, but the rest i do apply over some crypto coins, and well bitcoin isnt one of them since its very high the price, soo i do invest into altcoins with less value and with potencial, soo far im doing well from mine investment.

[Rizky Aditya]

If you have 1.000$ total and you do have it in bitcoin, there is nothing to be surprised about. But If you have 100.000$ total and have it in bitcoin or other cryptocurrencies, this is extremely risky.

Well described the risk of investing all the money into bitcoin. When limited amount is invested into the cryptocurrencies and even if something worse happens it won't affect the user. Same if the entire earning is invested we don't have any other choice to live further, because bitcoin is unpredictable.

of-course it will be more risky that you have all the money invested in bitcoin or other cryptocurrencies because if something happen and the price of that crypto become extremely decreased then it will greatly affect your financial condition. i think you should invest wisely in any cryptocurrency or bitcoin like invest some of the portion of your income and keep the rest in the form of fiat then in such cases you will not be affected by dump.

[Davkul]

Uhm no. I think I have more in real cash right now, maybe soon I'll earn more BTC though

[MrSunshine]

If you have 1.000$ total and you do have it in bitcoin, there is nothing to be surprised about. But If you have 100.000$ total and have it in bitcoin or other cryptocurrencies, this is extremely risky.

But having $100,000 invested could also potentially be very rewarding as the block chain is in it's infancy. The question is not how much it will be worth in a few days or months but how much will it be worth in 3 - 5 years.

[Silberman]

for those who all in with buying bitcoin they are certainly happy with the current price because finally it was reach the highest price on the history but unfortunately i wasn't part of them because i personally not dare to go all in and the volatile always be the main cause for me

yes you are right that it will be good for those who have all the money in bitcoin because of the high price of bitcoin, but i think it is much risky to keep all the money in bitcoin as at this time the price is very high and more profitable but if the price of bitcoin decrease to great extend then i think their all money will be gone. So in my opinion we have to keep half money in bitcoin or crypto and half in fiat.

I can not understand any reason that can make the value of bitcoin suddenly increase dramatically in a short time. It made me so surprised. No event of great magnitude can make the value of bitcoin change fast. It makes me feel confused, and meanwhile, why are people still buying bitcoin continuously while its value is too high, I really do not understand.

I do not know why it is so difficult to understand, bitcoin can be exchanged like any other currency in the world, also the big price swings comes from the fact bitcoin is not as big as those fiat currencies and that makes bitcoin more susceptible to changes in its price.

[Doms]

If you have 1.000$ total and you do have it in bitcoin, there is nothing to be surprised about. But If you have 100.000$ total and have it in bitcoin or other cryptocurrencies, this is extremely risky.

But having $100,000 invested could also potentially be very rewarding as the block chain is in it's infancy. The question is not how much it will be worth in a few days or months but how much will it be worth in 3 - 5 years.

$100,000 is relatively small for billionaires and not really a big-risk sort of investment, sort of like just loose change for them. And if I am one of them, I would definitely get into bitcoin right now and maybe allot about a million dollars and just let it stay in there for at least two years. The potential to double that money is quite high given the performance of bitcoin in the last 18 months or so.

[Sadlife]

If you have bought bitcoins when the price was still low then your really lucky some people are now regretting to have not bought bitcoins when it's still early, now they're waiting for it's price to go down which is very unlikely to happen.
I think the price will continue to rise, to bad i haven't any bitcoin cause im really broke.

[RayCycles]

Personally I am putting 50% of my money in Crypto Currencies every paycheck
So far it has been paying off 😁 "WAY WAY BETTER THAN ANYTHING ELSE I HAVE DONE"

#ditchthebanks #controlmyownmoney

[qiman]

I have a regular job and earn Euros and do a little posting here and the odd translation s only a small portion of my earnings come in altcoins or Bitcoin but my Wife's sole earnings are from BTC and digital currencies as she doesn't have a regular job per se.

[Immobilising]

I would never convert all my 'spare' money in btc, I'd rather have a few different type of currencies in case something would ever go wrong.

But it would also depend on the amount you are saving up in btc. if you have a million dollars spare, I wouldn't put 50% of it in bitcoin to be honest, but if it was a smaller amount I would.

[DoublerHunter]

I would never convert all my 'spare' money in btc, I'd rather have a few different type of currencies in case something would ever go wrong.

But it would also depend on the amount you are saving up in btc. if you have a million dollars spare, I wouldn't put 50% of it in bitcoin to be honest, but if it was a smaller amount I would.

It is better to be safe in cryptocurrencies rather than going all in on investments because it is very risky for the people around there who are greedy especially if they don't have any knowledge about the investments because it will often lead for a loss rather than earnings. It is better for them to just spend a small percentage of their money for investment to be sure that they will not get a huge loss.

[Dudeperfect]

Not yet, since I live in a country where I have to spend in only in fiat (even for online expenditure), in this case, I have to keep my wealth in fiat. However, I have maintained a cold storage and I hope I would make good savings in the long run. I wish I could use bitcoins in offline areas in my town but it seems that it will take some more time.

[goinmerry]

Or is it just me lol?

Can't complain thesedays, fat stacks just getting fatter  

Maybe the right term if applied to me is, currently, if possible Im adding my reserve crypto due to the obvious fact that bitcoin and some other alts are experiencing a noticeable price increase. But not to the point that all of my assets and majority of my resources are in crypto.

Just like the normal flow, some portion for crypto related things, some portion for real life and anything else. What matter here is the essence of diversifying all methods we have in order to gain profits for a long term.

[iram3130]

It's not just you mate, I have most of my savings in Bitcoins and altcoins as what I earn in cryptocurrencies are my savings. So I trade them, hold them and sell them when I need.

[BitcoinGirl.Club]

Am still playing it safe with going all into cryptocurrencies, have chosen to diversify my savings into physical assets which of course are cash equivalates and just like bitcoin am guaranteed of a ROI should i choose to sell.
But atm am starting to believe investing in digital assets like bitcoin is the way to go.

[Greenleed]

I put 90% of my cash into BTC in year 2014. I still hold them. I do not want cash in what I believe.

[JapieAmerika]

I'm trying to match some of my other monthly fiat investments into altcoins, at the moment it is not much, but some altcoins (XRP, XLM) seem to be growing faster than anything I can get in fiat growth.

[favours]

If you are saying the truth, then you have to be really happy with current market situation.
To be honest, I was dreaming about having at least the bigger part of my wealth stacked in cryptocurrencies, but i have only few % of it
It is also not worth for me to obtain more ( convert ) because the bitcoin price is waaay to high for an investment not on long-term.
I'm going to wait a little bit longer to see more attractive price, and probably I will try making my supply even bigger than it was before.

That's what they said at $30