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Author Topic: What Percentage of Your Savings Do You Keep In BTC?  (Read 789 times)
FreeTrade
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September 22, 2011, 06:25:04 AM
 #1

I'll start -

1.5% of my savings is in BTC.

Considering it as a new method of payment - it's revolutionary, solves many problems and removes many pain points.

As an investment, it's a high risk / high reward vehicle. I tell friends it's a little like buying a lottery ticket, but with much better odds.
 

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September 22, 2011, 07:02:09 AM
 #2

If you count my GPUs that haven't paid for themselves yet, about 50%

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cbryant23
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September 22, 2011, 08:59:12 AM
 #3

I'm right about the same level I keep it at 1.5 most likely gonna move to 2
Swishercutter
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September 22, 2011, 09:49:00 AM
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What are savings? 
FreeTrade
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September 22, 2011, 10:24:06 AM
 #5

What are savings? 

Gosh, yes, that's worth a definition. Percentage compared against net worth is probably a better question.

What's your approximate percentage of Bitcoin holdings (+rigs, btc related investments) compared to (Total Assets - Total Liabilities).

The internet is freedom to communicate without permission. Crypto is freedom to trade without permission.

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Swishercutter
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September 22, 2011, 01:40:33 PM
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What are savings? 

Gosh, yes, that's worth a definition. Percentage compared against net worth is probably a better question.

What's your approximate percentage of Bitcoin holdings (+rigs, btc related investments) compared to (Total Assets - Total Liabilities).

Oh...then 100%
nmat
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September 22, 2011, 01:57:52 PM
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If you are putting big quantities of money into Bitcoin (more than you need to buy stuff with it), then you are investing, not saving. You only invest what you can afford to lose, specially with high-risk stuff such as Bitcoin.
Richard Rahl
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September 22, 2011, 01:59:07 PM
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0.5%

Anything more would just be silly.

Ayo_4_Yayo
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September 22, 2011, 02:27:51 PM
 #9

If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.
Swishercutter
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September 22, 2011, 02:56:23 PM
 #10

If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.

It's Bitcoin not Bytecoin...a Bytecoin would be 8 bits.
Ayo_4_Yayo
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September 22, 2011, 03:28:03 PM
 #11

If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.

It's Bitcoin not Bytecoin...a Bytecoin would be 8 bits.
It's a typo stop whining already sheesh Roll Eyes
Swishercutter
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September 22, 2011, 03:46:35 PM
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If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.

It's Bitcoin not Bytecoin...a Bytecoin would be 8 bits.
It's a typo stop whining already sheesh Roll Eyes

Just thought maybe you bought in when they were worth more. Wink
bitconformist
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September 22, 2011, 04:05:55 PM
 #13

15% in BTC, 25% in ETFs focusing on foreign stocks, 15% in the bank, 10% in gold, 10% in mint-condition MLP pez dispensers, and the rest in a mix of stocks.
badger4life
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September 22, 2011, 04:16:45 PM
 #14

I guess 100% since I don't have any savings, instead I have children  Grin

At the moment I have .0205 bitcoins in my...
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savings account
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FreeTrade
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September 22, 2011, 04:48:03 PM
 #15

15% in BTC, 25% in ETFs focusing on foreign stocks, 15% in the bank, 10% in gold, 10% in mint-condition MLP pez dispensers, and the rest in a mix of stocks.

Interesting . . . if BTC were to double in value tomorrow, would you rebalance? What if BTC increased 10-fold, it would represent about 90% of your portfolio then.

The internet is freedom to communicate without permission. Crypto is freedom to trade without permission.

HODLCoin ANN - Interest rate 0.000015% per block for every balance. Term Deposit Rate 2500% - http://hodlcoin.com/
bitconformist
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September 22, 2011, 05:48:02 PM
 #16

15% in BTC, 25% in ETFs focusing on foreign stocks, 15% in the bank, 10% in gold, 10% in mint-condition MLP pez dispensers, and the rest in a mix of stocks.

Interesting . . . if BTC were to double in value tomorrow, would you rebalance? What if BTC increased 10-fold, it would represent about 90% of your portfolio then.
Odds of that are no higher than of my blue-chip stocks increasing 10-fold.
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