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Poll
Question: What percentage of you income would you be willing to devote to saving in BTC?
0% - what a terrible idea! - 2 (12.5%)
1% - 2 (12.5%)
2% - 2 (12.5%)
5% - 3 (18.8%)
10% - 5 (31.3%)
more than 10% - 2 (12.5%)
Total Voters: 16

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Author Topic: Bitcoin store of value  (Read 1759 times)
Sjalq
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December 30, 2010, 01:00:02 AM
 #1

Stores of value have in the past become traded currency. Once "value" is established, it become possible to trade valuables.

Knowing this how much of your personal income would you be willing to convert to BTC to support the price and kick start the economy? Remember that in this hypothetical strategy you could always later convert your BTC back to normal currency.

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FreeMoney
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December 30, 2010, 01:26:28 AM
 #2

Nice poll. Did you stop beating your wife?

edit: sorry that isn't clear. I think the poll is bad for two reasons. If someone has almost no income that they can afford to save then the number will be small even if they want to save it all in BTC. If they have tons of extra income they might save 20% without even thinking that bitcoin is super awesome.

Maybe better to ask about wealth. And the economy is tiny, but it's already been kick started (by a pizza imo).

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December 30, 2010, 02:44:09 AM
 #3

Right, terribly bad poll. What if somebody wants to store all in BTC ? Or 50 % ?

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December 30, 2010, 03:06:31 AM
 #4

I'm saving above 50% of my net income.  Grin in bitcoins.

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December 30, 2010, 03:12:00 AM
 #5

50%

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December 30, 2010, 03:14:49 AM
 #6

I try not to keep too much cash.   Cash is not a good investment.  Even with bitcoins.

I'm pretty sure bitcoin will become a leading currency so buying bitcoins now might be a astonishing trade.  But I have no idea whether it will reveal as such in one year or twenty years.

Therefore, I'll try to keep only a few thousands bitcoins and spend the rest to buy shareholdings and conventionnal assets.  So I answered  2% but my real answer is not really a proportionnal factor, rather a constant amount.
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