bitbrasil (OP)
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December 29, 2013, 04:19:49 AM |
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My target is to have 50% of my savings in BTC, so what do you think, is this a good strategy?
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PolkRB
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December 29, 2013, 04:29:29 AM |
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Why not put 100% in it? It all depends what you feel and think about the value and if you trust BTC in general...
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AmericanBit
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December 29, 2013, 04:31:19 AM |
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probably, i have about 25% in just in case something crazy happens with bitcoin. But Im always looking to buy more. I just stiil see credible bitcoin enthusiast say it could go down to $300 or even $200 again. So Im waiting for that, if it happens. But it all depends on how much you have in savings i think. If you have 1000 in savings and you use 50%, $500 is a lot different than $1000. But if you have 100k, dropping down to 50k fluid isnt too much of a kick in the nuts. It helps not having a wife and kids. For, most bitcoin horror stories I read start off with, " Well, my wife/gf was complaining" and that usually is the beginning of their "why im still poor" bitcoin story.
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BitJock-e
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December 29, 2013, 04:32:59 AM |
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How much risk are you comfortable with?
Do you need the money for any kind of payments? Emergencies?
Do you have stable income?
If tomorrow bitcoin dropped to $50, would you be ok with it, or would you panic and contemplate jumping out of your window?
If you are completely comfortable with the risk, then sure, put 50% of your savings in there, but if the thought of bitcoin dropping worries you, or if it may cause financial distress then no, it is not a good strategy!
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twistedtrick
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December 29, 2013, 04:34:10 AM |
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Always diversify your portfolio! Unless you truly believe Fiat will crash (in which case you're going to have a lot more to worry about than having your money in BTC anyway), there is no reason to have an extremely large amount of your money in BTC.
Personally I keep 25-30% of my portfolio in BTC and other cryptocurrencies.
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uartasic
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December 29, 2013, 04:41:49 AM |
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Around 1 months of casino visits, circa $1000USD
The rest of the coins were given to me on a laptop bequeathed to me unknowingly.
Discovered what a Wallet.dat was pretty quickly.
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Crypto Vest coin fan \ Alt-Coin Blockchain Assembler \ BTC faithful \ POWR faithful
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undeadbitcoiner
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December 29, 2013, 04:43:18 AM |
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My everything is in BTC, whenever I need i use in BTC too, Just waiting Gasstation uses Bitcoin after that i am going to close fucking bank account also.
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Miles
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December 29, 2013, 05:03:37 AM |
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50% (but i got in early). Nice to have a stake in things, news matters to me now
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empoweoqwj
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December 29, 2013, 05:05:19 AM |
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Savings. What savings? All in btc now
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The 4ner
aka newbitcoinqtuser
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R.I.P Silk Road 1.0
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December 29, 2013, 06:40:34 AM |
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I'd say about 25%. Not much but I don't want to risk it all either.
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mb300sd
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Drunk Posts
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December 29, 2013, 06:55:02 AM |
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99%, but 100% came from bitcoin in the first place.
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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Cyberminer
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December 29, 2013, 07:03:23 AM |
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I started with about 5% in btc before it grew to about 35%. I then cashed out a bit to cover the initial investment and a little extra. Currently I run about 10-15% but it changes from day to day. I would never say to go all in unless you are only playing with small amounts of money and are willing to lose it all.
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luqash3
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December 29, 2013, 09:25:21 AM |
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bitbrasil you got a brilliant idea of storing the saving in form bitcoins. For sure saving 50% of your saving in bitcoin is a great strategy which shall multiply your savings many time in short period of time. I shall also start saving my hard earned money in bitcoins from January. Thanks for strategy.
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Kazimir
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December 29, 2013, 01:22:28 PM |
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Approximately 95%
Originally it was much less (like 20% when I started buying bitcoins) but as the rates went up, my amount of bitcoins now represent 95% of my wealth.
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Dr Bloggood
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December 29, 2013, 01:39:30 PM |
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Go 5-10% of the money you don't need for living (of all your investment assets). That way you won't loose too much if something happens, but if BTC goes through the roof, you still participate a lot.
Anything more than 10% is craziness in my book and much too risky. Less then 5% - well, then you won't really win that much in case it suceeds; if you believe in it that little, then better not invest at all.
Of course, when the BTC price rises, it will represent a lot more % of your net worth - it is a good decision to sell off a little bit then (again, in chunks, 5-10% of your BTCs).
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bryant.coleman
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December 29, 2013, 03:59:06 PM |
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99%, but 100% came from bitcoin in the first place.
Are you saying that initially you didn't had any assets to start with? That will be unbelievable, as you need at least some to purchase your initial coins.
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Frost000
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December 29, 2013, 04:08:44 PM |
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I'd say that maybe 5% of my savings are in BTC. I'm a late adopter and that's the only amount I was comfortable investing with (i.e. if it drops to 0, though impossible, I wouldn't want to shoot myself). I basically only invested "play money" anyways.
Maybe that percentage will grow over time but it won't be because I'll be injecting a lot more funds into BTC.
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Doublelucky
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December 29, 2013, 04:21:12 PM |
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110% - I opened up a LOC and bought more during this crash - yowza
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Meuh6879
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December 29, 2013, 04:34:48 PM |
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80% in BTC, the rest in bank account for the "live" bills ... when i need money, i change BTC to paypal ... and it's ok.
no need card bank (50 euros per year).
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flm
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December 29, 2013, 04:38:40 PM |
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10% at the minute, but i will up that to 20% if there is another dip.
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