I just realized I'm 99.9% crypto and 0.1% in fiat

[Theb]

Not an investment advisor nor anything near it but I'm surprised to see that majority of the people here have most of their wealth in cryptocurrency rather than fiat, is it because of the bull market that is why there is a shift in percentage or is it before that? Nonetheless I think we are all aware about the dangers of keeping most of your capital/wealth in a volatile market? I'm pretty sure that if you put in most of your wealth in one market it can shift drastically with just one reversal or correction. For me I'll be more comfortable having fiat currency which can maybe sustain me for a year and maybe the rest of my wealth can be diversified in both the stock market and the crypto market.

[Krubster]

Hard to say, depending how much my real estate is worth. But it's roughly 90% BTC, 9.5% real estate, and 0.5% fiat.

[slaman29]

I haven't done my calculations yet but since I'm earning in fiat, I guess putting in 10%-20% as BTC buys (sometimes ETH now) means that is my exposoure?

I do earn pure BTC as well in very small amounts but that I leave to invest and/or gamble, so I think 50% of that ends up going to my wallet (if it isn't lost in investment).

Well done to you OP.

[thecodebear]

I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.

I know that putting most of your money in crypto is a good idea since we are in a bull run but what will happen to you if the bull run ended and the bear market starts and your money are still into crypto?
Cashing out or taking profits isn't a bad strategy especially if you are happy with the profits that you have. As for me, I will take profits gradually until I reached the point where I already cashed out already. I will hold some Bitcoins and other altcoins still but will cash out a huge portion of it overtime.

I don't care about bear markets. I'm retired now thanks to bitcoin, I won't be selling any just because we are in a bull market. Bear markets are temporary, I could care less about them. I used the last bear market to load up on Bitcoin at the bottom and retired half a year later because of it. And I got DOT recently so I can easily live off of DOT staking rewards, I have no need to sell anything other than staking rewards as my only income, so bear markets mean nothing to me. I've exited the fiat game now, I only will hold enough for monthly spending and a bit extra in case of emergencies. If I ever need to buy anything big I can just buy it in the future with Bitcoin or sell some to fiat for the purchase.

[thecodebear]

Not an investment advisor nor anything near it but I'm surprised to see that majority of the people here have most of their wealth in cryptocurrency rather than fiat, is it because of the bull market that is why there is a shift in percentage or is it before that? Nonetheless I think we are all aware about the dangers of keeping most of your capital/wealth in a volatile market? I'm pretty sure that if you put in most of your wealth in one market it can shift drastically with just one reversal or correction. For me I'll be more comfortable having fiat currency which can maybe sustain me for a year and maybe the rest of my wealth can be diversified in both the stock market and the crypto market.

I'm sure most people have smaller amounts in crypto, it could just be that the people who have so far wanted to comment on this thread are the ones with really high percentages in crypto.

I've for the most part had more than 90% of my money in crypto since late 2017, though it probably slipped under 90% in late 2018 just cuz prices had fallen so much, before I loaded up at the beginning of 2019.

Eventually, like later this decade, I figure I'll want to diversify a little bit into stocks and real estate, so I could imagine by the end of this decade holding like 90% crypto, like 0.2% in cash, ~5% in stocks and ~5% in real estate. But for now I'm perfectly happy being 99.9%/0.1% crypto/fiat.

[wxa7115]

I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.

But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand? Anyone else gone full bore into crypto as I have?

You have too much fiat LOL, but seriously speaking I don't see anything wrong with what you are doing, if you need a little bit more of fiat then do so after all only you know how much fiat you need to have in order to cover your expenses and any kind of emergency, some people may think that you are investing too much in this market but they do not realize that diversification is a strategy to protect your capital.

If you want to raise your capital then you need to concentrate most of it in just a few key investments that are going to do very well during the next years and without a doubt bitcoin is the right choice for that.

[batang_bitcoin]

debt ,,,,,,,,,,,,,,,,,,,,  0%.

This is the standard that I'm following as much as I can. So whenever I revert to more percentage in bitcoin, I don't have to think of any obligation that would come except the monthly bills. But being zero debt is very encouraging knowing that you can shift if you have any investment that you want to add to your portfolio. And as for my crypto money, I think I have it around 40%-50% this time and sell if I'm short of cash. The rest, they're in different real world investments.

[thecodebear]

I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.

But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand? Anyone else gone full bore into crypto as I have?

You have too much fiat LOL, but seriously speaking I don't see anything wrong with what you are doing, if you need a little bit more of fiat then do so after all only you know how much fiat you need to have in order to cover your expenses and any kind of emergency, some people may think that you are investing too much in this market but they do not realize that diversification is a strategy to protect your capital.

If you want to raise your capital then you need to concentrate most of it in just a few key investments that are going to do very well during the next years and without a doubt bitcoin is the right choice for that.

Yup, exactly.

Stuff like rebalancing and diversifying is for when you no longer want to prioritize gains and just want to reduce volatility of your portfolio and prioritize stability to protect your capital over growing it. You don't diversify out of or rebalance away from your winners and into worse investments when your goal is growth.

And yeah when I need fiat hoping on an exchange is easy enough. I just cashed out $2500 from my trading account this morning because i need it to pay my expenditures at the end of the month. Easy as can be.

[doomloop]

being zero debt is very encouraging knowing that you can shift if you have any investment that you want to add to your portfolio. And as for my crypto money, I think I have it around 40%-50% this time and sell if I'm short of cash. The rest, they're in different real world investments.

I just wonder how it has become possible for you people to lead a life with zero debit. Because, in my country, banks are too intensive on selling credit cards and loans which make most of my folks to go availing loans which eventually made most of my country people with debits. I have a friend who has more loans hence his 70% of salary from his regular job goes for loan repayments. But, I must need to appreciate your level of lifestyle.

I do not have any real world investments as I do invest all my savings only into bitcoins. Honestly before I am getting into bitcoin I had zero investments. But, now I have some savings, thanks to bitcoins. So, I never think about investing outside bitcoins.

[tbterryboy]

My employer pays me in bitcoins and my signature campaign earning is on bitcoin hence obviously all my networth are in crypto. But the properties and some stocks which I got by inheritance are my other saving which I never consider as liquidate things for any emergency need.

I never really "bought" bitcoin to be honest, I did a small part but that is very tiny part of my bitcoin amount. I have worked for it and earned it. That's why I got into bitcoin, it was a place where I can provide my skills and talents to people and I could end up working and earning money because of it, that's what I did, I worked as writer, affiliate networker, web developer, and even community manager for few projects, all helped me making money, now I am trying to build my own project as well, that is why people should always be very careful about what they are using crypto for, I have not bought too much bitcoin compared to what I made, but I kept some of my income as bitcoin and that really helped me a lot, I have like 5 months worth of salary saved thanks to this. That is what people should focus on, how great bitcoin could be if you use it as currency and not an asset.

[batang_bitcoin]

being zero debt is very encouraging knowing that you can shift if you have any investment that you want to add to your portfolio. And as for my crypto money, I think I have it around 40%-50% this time and sell if I'm short of cash. The rest, they're in different real world investments.

I just wonder how it has become possible for you people to lead a life with zero debit. Because, in my country, banks are too intensive on selling credit cards and loans which make most of my folks to go availing loans which eventually made most of my country people with debits. I have a friend who has more loans hence his 70% of salary from his regular job goes for loan repayments. But, I must need to appreciate your level of lifestyle.

I do not have any real world investments as I do invest all my savings only into bitcoins. Honestly before I am getting into bitcoin I had zero investments. But, now I have some savings, thanks to bitcoins. So, I never think about investing outside bitcoins.

I don't take loans and credit cards, that's it. Whenever a bank teller asks me that they can offer me good deals with their credit card and they'll waive the fees, I turn it down. I don't need it. You don't take loans even if you're having a huge salary, it's just a matter of managing your finances and you need to keep your standards low. Living frugally is the key and don't increase your way of living just because you're earning that much. It's okay to enjoy your money if it's cash but if you're doing it with credit, you can't afford it and then just don't do it.

[slapper]

Quite awesome but I wonder how you manage your daily life with 0.1% fiat. Does your country accept bitcoin or crypto as a payment method. IF they do, holding 99.9% of crypto is really a dream come true. But if I were you, I would try to equilibrate my fund by at least 20% of fiat. Too much crypto is not always good. Im always afraid that I sudden dump will appear and has a high chance to swipe out my balance

Well, up to now, bitcoin still performs marvelously. New ATH has been made and you must be one of the happiest guy in the planet

[magneto]

I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.

But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand? Anyone else gone full bore into crypto as I have?

Jesus, that is a high percentage.

But unlike others, I don't think that it is that risky. In fact, I would say that you take the most risk if you opt-out of putting crypto into your portfolio. As long as you're not a weak hand, a long term holding of cryptos will prove to be one of the best preservers of wealth.

I'm more skewed towards stocks compared to you, but definitely still >50% crypto for the long run.

[thecodebear]

Quite awesome but I wonder how you manage your daily life with 0.1% fiat. Does your country accept bitcoin or crypto as a payment method. IF they do, holding 99.9% of crypto is really a dream come true. But if I were you, I would try to equilibrate my fund by at least 20% of fiat. Too much crypto is not always good. Im always afraid that I sudden dump will appear and has a high chance to swipe out my balance

Well, up to now, bitcoin still performs marvelously. New ATH has been made and you must be one of the happiest guy in the planet

I live in the US, I don't use crypto as a payment method. Granted, right now I am low on cash, in fact this morning I just cashed out a couple thousand dollars from my trading account to pay expenses at the end of this month. Also I easily make enough from staking rewards to live, so I'll probably build up to 0.5% cash from that over the next few months so that I have an emergency fund.

And well your % in fiat would depend on how much money you have overall. 1% of my crypto would cover my cost of living for a year, so 20% would be 20 years of expenses just sitting in cash being devalued every year by inflation, which obviously is not a good idea. The only time I'll ever need more than 0.5% in cash might be for a major expense like buying real estate.

[Hippocrypto]

I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.

But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand? Anyone else gone full bore into crypto as I have?

If I would have to think more often times, fiat opportunities made me frustrating because I couldn't get more profit compared from cryptocurrency. Failures made me stronger and I admit I was weak and my emotions affected me, when market started to saturate. How I wish I may recover those losses, and my alternate strategy is storing crypto for years so I could have closer focus on those asset which I'm going to reach a sustainable value.

[Zemomtum]

That is a way to show that Crypto will rule our future. You are not alone and I only convert to fiat when the need arises. We are in the era of digital payment which blockchain makes possible without any interference.

[arufox]

Maybe I'm like you with 99.9% crypto and only 0.1% fiat. Actually in my bank account is no more money can to withdraw, All my money in crypto, every week I send around $30-$50 to my bank account and withdraw for my real life for a week. Always like that, I never cash out my crypto if I don't have something to buy. I'm sure that crypto is the best way

[Dewi Aries]

I never do that, because all household is on me. So to spare only a little percentage to real life and all in crypto is impossible for me. But at least as long i still can gain profit and minimize loss, already enough for me. Who can spend all in crypto means he not use it to fulfill household needs right?

[RealMalatesta]

I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.

But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand? Anyone else gone full bore into crypto as I have?

I am obviously not as high on crypto as OP but that changes from which day of the month we are talking about. Currently I am on about 10% or so fiat and 90% on crypto, using that 10% to live for the rest of the month honestly and that is not a bad situation for me. By the end of the month I will be 1% fiat and 99% crypto as well, and on the first day of the month I will be 30%+ on fiat and 70% or less on crypto, why? Because at the end of the month I have no money left to spend and by the start of the month I get paid my salary and that is why I have more fiat.

I do end up buying bitcoin with my salary but only a bit, rest I end up spending to live basically for that month. That is why I can't say how much of my money is in crypto and how much is in fiat as a fixed rate since it changes the more fiat I end up spending, every single day my fiat % drops that is for sure.

[blckhawk]

I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.

But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand? Anyone else gone full bore into crypto as I have?

Seems all of your stashes are in crypto I wonder where do get your daily expenses? is your country already accepting Crypto as a payment? Anyway, it is not recommended to put all of your money in the crypto cause' it is a lot of risks to take, yet you never know when this bull will come it could go all down when bear comes unless you are can afford to lose it all. Consider giving more allocation for Fiat at least perhaps 30:70 ratio would be enough 30% for Fiat while 70% for crypto. Not all institutions accepting crypto yet that is why having cash on hand would be better.