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Poll
Question: What % of your net worth is held in Bitcoin? (using the current Bitcoin price)
0% - 5 (5.6%)
1-2% - 10 (11.2%)
3-5% - 6 (6.7%)
6-10% - 8 (9%)
11-20% - 9 (10.1%)
21-40% - 3 (3.4%)
41-60% - 13 (14.6%)
61-90% - 12 (13.5%)
91-95% - 5 (5.6%)
96-100% - 8 (9%)
I don't want to reveal that info. - 10 (11.2%)
Total Voters: 89

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Author Topic: Better poll: What % of your net worth is held in Bitcoin?  (Read 2432 times)
go1111111
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November 04, 2013, 03:01:20 AM
 #1

There's another poll asking people how many BTC they have in absolute terms. I think this is a more interesting question, because it shows how bullish people are about BTC. I'm hoping it will get more honest answers than the other poll for a couple reasons:

(1) Your answer doesn't automatically make you a target in the future, unless people have a good idea of your net worth. Someone might answer 100%, but they might only have 0.1 BTC and no other possessions. Or someone might answer 1-2% and have 20,000 BTC. No one can know unless they find out both your reply to this poll, and also know how rich you are in general. Note that there is no way for a poll author to find out who voted for which answer (try making your own poll and see for yourself).

(2) People can see the results without voting, and I also gave a voting option for people who don't want to answer.

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November 04, 2013, 03:02:17 AM
 #2

I should imagine there isn't many people with over 50%. I should imagine the majority will fall into the 20% area.

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November 04, 2013, 03:14:22 AM
 #3

I guess 0%....
Considering I own a home and all of my RRSPs and other assets...

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November 04, 2013, 03:18:08 AM
 #4

Polls of the future:

1) What is your net worth?
2) Do you go out often?
3) What kind of security do you have at home?
4) What social activities do you do most?
5) Where do you live?

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November 04, 2013, 03:57:20 AM
 #5

Yeah, I kind of agree with the OP that this poll is less of an issue. At least for me it is. Also people might click bullish to manipulate others or they might click bearish cause they are paranoid, so I doubt anybody will get robbed at gun point just for saying a high percentage. If you are known to have a high net worth and people might rob you at gun point, you will have to take security measures anyway.

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November 04, 2013, 04:10:41 AM
 #6

I think this is a more interesting question, because it shows how bullish people are about BTC.
To find out how bullish people are, it may be better to ask % of (net worth minus house). Even very bullish people won't mortgage/sell their houses to invest to BTC. Without this correction the poll will show not bullishness, but % people that have not have houses yet.

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November 04, 2013, 04:17:43 AM
 #7

Even very bullish people won't mortgage/sell their houses to invest to BTC.
Extremely bullish people might not buy a house even if they can afford it, because they understand the importance of international mobility.

Also they might understand enough about economics to realize that house prices are still at unsustainably high levels, and understand enough about finance to realize that houses are durable consumer goods, not assets.
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November 04, 2013, 04:28:42 AM
 #8

To find out how bullish people are, it may be better to ask % of (net worth minus house). Even very bullish people won't mortgage/sell their houses to invest to BTC. Without this correction the poll will show not bullishness, but % people that have not have houses yet.

I agree it would also be interesting to see the data excluding home equity too. Still, because only the difference between the value of the house and what you owe on it contributes to your net worth, people with houses could still have a very high % of their net worth in Bitcoin.

If I owned a large amount of equity in a home, and I had no BTC and no liquid assets, I think I actually would take out a loan against my house to buy some.
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November 04, 2013, 04:44:17 AM
 #9

Follow KISS rules:Average age - your age = net worth in BTC
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November 04, 2013, 04:48:03 AM
 #10

3-5%. 

I think I'm comfortable at that number too.
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November 04, 2013, 06:04:21 AM
 #11

Extremely bullish people might not buy a house even if they can afford it, because they understand the importance of international mobility.
Most of house owners bought them years/decades ago, long before BTC age.

If I owned a large amount of equity in a home, and I had no BTC and no liquid assets, I think I actually would take out a loan against my house to buy some.
Usually home belongs to family. So the poll shows "how bullish your wife is". Smiley

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November 04, 2013, 07:54:13 AM
 #12

Something is wrong with your poll, I have 5.5% so which one should I choose 3-5% or 6-10%?

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November 04, 2013, 08:04:28 AM
 #13

Even very bullish people won't mortgage/sell their houses to invest to BTC.
Extremely bullish people might not buy a house even if they can afford it, because they understand the importance of international mobility.

Also they might understand enough about economics to realize that house prices are still at unsustainably high levels, and understand enough about finance to realize that houses are durable consumer goods, not assets.

+2. Both points are spot on. I was bullish enough with silver and bearish on RE so that I never bought a house during that era. Also mobility is important. Kristoffer Koch is a good example - buying BTC5000 at essentially nothing, and then selling 20% of it to buy an apartment.
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November 04, 2013, 09:20:28 AM
 #14

Only a tiny amount but I'm moving to go 50% Bitcoin and 50% Gold/Silver, I just need more money Cheesy
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November 04, 2013, 09:33:44 AM
 #15

Yeah, I kind of agree with the OP that this poll is less of an issue. At least for me it is. Also people might click bullish to manipulate others or they might click bearish cause they are paranoid, so I doubt anybody will get robbed at gun point just for saying a high percentage. If you are known to have a high net worth and people might rob you at gun point, you will have to take security measures anyway.

I am among the most vocal bitcoin millionaires here, and have only five times in my life had issues with security. One was a confirmed government operation (they came into my house with ID's and took away everything). Then there was a minor incident where hotel staff stole goods with low value, although bitcoins were present, and three times of breaking into my office, since everyone knows it is full of gold, silver and bitcoins. But there are also night-vision cameras, alarms etc. Nothing dangerous.

This gunpoint thing is so outdated in most of the world. Fantasy. The only entity that has ever approached me with guns is the govt, and there is not much you can do about it. If anyone thinks it is smart to try to rob bitcoin people, why is that they do not buy bitcoins themselves? The rate of appreciation has been on average 1140% per year.

Crime is hard work. I have by and large quit my honest job because of bitcoin appreciation already. I suggest criminals do the same.
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November 04, 2013, 09:34:47 AM
 #16

I guess 0%....
Considering I own a home and all of my RRSPs and other assets...

Same here. I concider bitcoin to be more of a hobby, so making large investments isn't going to happen (for now Tongue)

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go1111111
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November 04, 2013, 09:41:11 AM
 #17

Something is wrong with your poll, I have 5.5% so which one should I choose 3-5% or 6-10%?

Round to the nearest integer, or up if .5 Smiley

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November 04, 2013, 09:42:29 AM
 #18

I have about 10% of my savings in BTC. This is the amount I dont mind to loose if all go wrong Smiley

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