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

[Theb]

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.

For me personally I think anything above 80% of your money being invested in the crypto industry is considered dangerous especially for the people who don't have anything set aside at all if one of the worst cases come which is cryptocurrencies going down which all of them will immediately be affected in this situation. But I guess this will really be dependent on each person as maybe there are people who have a bigger risk appetite compared to what I have and has trust that cryptocurrencies will give them bigger gains.

[aoluain]

I actually dont know how to work out my percentages.

I dont have FIAT savings other than the month to month savings for bills and utilities.

So Crypto to FIAT is 99% - 1%
I have a FIAT loan outstanding which I used to buy some Crypto.

I have a mortgaged property with positive equity and a small car loan, so I do have debt

[edisonkeith]

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?

Yes Right

[thecodebear]

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.

For me personally I think anything above 80% of your money being invested in the crypto industry is considered dangerous especially for the people who don't have anything set aside at all if one of the worst cases come which is cryptocurrencies going down which all of them will immediately be affected in this situation. But I guess this will really be dependent on each person as maybe there are people who have a bigger risk appetite compared to what I have and has trust that cryptocurrencies will give them bigger gains.

Yeah it just depends on your situation. For me I have no investments or assets (stock, real estate, etc) outside of crypto so it is easier to have almost 100% in crypto. And to have a 6 month emergency fund in the bank only takes 0.5% of my money, which I will save up to over the next few months because having an emergency fund is important. If I'm about to buy a new car or something I'd go over 1% fiat but that would be very temporary just to make the purchase.

This bull run will keep going for a long time, and even if we do get a sizable downturn at some point, I'm still going to be making enough from staking rewards to live off of, so there isn't any reason for me to hold extra money in cash.

However for most people unless you're already rich from crypto yea I agree over 80% means you probably are over-risking yourself cuz the market could be down at some point and you end up needing cash.

People's finances, in order of priority, should be:
1. Source of income
2. Enough in fiat to cover the next month's expenses
3. Emergency fund of 3-6 months in fiat savings account
4. Bitcoin as long term savings
5. Ethereum and optionally some of the major altcoins as investments, ideally some of them are staked coins to generate income. Alternatively you can also use real estate and stocks as investments that generate income but they are just going to grow much slower than good crypto investments.
6. Optionally you can then invest in more risky altcoins outside of the major promising ones, realizing that these are very risky and over the long term you may lose money on these instead of making money, or at the very least have smaller gains than if you had just bought more Bitcoin.
And of course you might own a house to live in which will consume some of your assets.

For me, (1) my source of income is staking from DOT, but I will also stake ADA and ETH soon, plus also I have a trading account that I can cash out from when I need to cover expenses. (2) Right now at 0.1% fiat I only have enough in the bank to cover the next month's expenses. (3) Over the next few months I'll move enough DOT rewards or trading profit into fiat to have 6 months cost of living as an emergency fund in my bank, and I used to have this but just allowed my bank account to drop because I didn't want to sell any crypto right when the bull market was taking off the past few months. (4) I have a ton of Bitcoin as my long term savings. (5) I have DOT, ETH, LINK, ADA as my safer long term crypto investments as they are all both promising and among the top cryptos. (6) I also have gotten BAT, PRE, and RUNE recently as more speculative and risky smaller cap long term investments.
And I don't own a house or any other investments but I will likely eventually buy land for myself, maybe rental properties, and stocks.

[mersal]

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?

Having crypto and Fiat is indeed but what about Gold? Even if I am a strong crypto believer I don't think Gold is useless because it can be much helpful in emergency conditions. If I am not wrong at least 30% of my total asset value is in gold 40% in rental property because it is stable and passive income so no need to worry if your other investment is not working.And the remaining only is in the crypto and liquid cash and saving in my bank will be about 5%.

[el kaka22]

Having crypto and Fiat is indeed but what about Gold? Even if I am a strong crypto believer I don't think Gold is useless because it can be much helpful in emergency conditions. If I am not wrong at least 30% of my total asset value is in gold 40% in rental property because it is stable and passive income so no need to worry if your other investment is not working.And the remaining only is in the crypto and liquid cash and saving in my bank will be about 5%.

You sound like perfect with your allocation of funds with purposes. Rental property cannot be possible in most countries unless otherwise I need to be a millionaire in my country. I do invest in gold in electronic format as that ensures more security along the way I am enjoying all the returns of gold investments. Surprisingly I may be having more than 70% of my saving in cryptos and remaining are stocks, gold etf and few other format of investments.

Fortunately bitcoin tops in terms of higher returns hence I guess having it in more percentage in my portfolio makes sense. Looking for passive income generation is something I having dreaming for years still there hasn't been any proper opportunity for me so far with respect to my allocated funds and time required to setting one up.

[Refrumatrix]

90% in crypto and the rest is fiat since I have a real world business I'm running for my family sake, still I have end up turning crypto into bank, it's actually where I keep most of my money even earnings from my business

[Wilhelm]

Also >95% in crypto 

[buwaytress]

OP what have you found to be to a trusted staking mechanism? Still holding onto my crypto on my own. Bitcoin mainly and a smattering of other fun alts but not noteworthy. Basically just holding on to whatever earnings I have (virtually 100% crypto earnings if I'm honest now due to remote nature of work in past years).

Have examined all these staking options but it seems you either have to trust a company, or trust a blockchain network. And I don't really, other than the Bitcoin network itself.

But curious to see what other Bitcoin holders are willing to try out?

[traderethereum]

I guess I am 75%-80% in crypto and the rest in fiat money, save in my bank account.
I never thought that I had been drag deeper into crypto
But that makes me realize that using crypto can be my investment besides having gold, and having crypto is a new opportunity that not many people can see and realize.
We are so grateful to have crypto because we have many chances to invest in any coins we want, and we only need to sell some amount to fills our daily needs and prepare some money for urgent situations.

[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?

Having crypto and Fiat is indeed but what about Gold? Even if I am a strong crypto believer I don't think Gold is useless because it can be much helpful in emergency conditions. If I am not wrong at least 30% of my total asset value is in gold 40% in rental property because it is stable and passive income so no need to worry if your other investment is not working.And the remaining only is in the crypto and liquid cash and saving in my bank will be about 5%.

I don't really see a point of Gold at this point. Bitcoin has the same investment thesis as gold, but far better, and its investment thesis goes beyond gold's which is limited to store of value. And I don't see how gold can be helpful in emergency situations. Are you physically storing your gold? Then you have to worry about security. And how are you gonna sell it? I imagine it is fairly costly to sell (verifying purity, depends on what form your gold is in, etc). I personally just don't see any upside to holding Gold when you can hold Bitcoin. I would imagine that some people are already selling Gold they've held for years, for Bitcoin, and I'd guess that will continue, and will make it harder for Gold to keep up with inflation, meanwhile Bitcoin will continue to appreciate many times more than inflation each year. Those are just my thoughts

Real estate is great though, so good job on that. I may eventually get some rental properties to diversify beyond crypto. I'd one day like to cover my entire cost of living in multiple ways, currently I can do it with staking cryptos, but eventually I'd like to also cover my entire cost of living with cash flow from rental properties and from dividends from stocks, and maybe even one day have a business, to really diversify and multiply my income streams so that I can live off of any single one of them.

[thecodebear]

OP what have you found to be to a trusted staking mechanism? Still holding onto my crypto on my own. Bitcoin mainly and a smattering of other fun alts but not noteworthy. Basically just holding on to whatever earnings I have (virtually 100% crypto earnings if I'm honest now due to remote nature of work in past years).

Have examined all these staking options but it seems you either have to trust a company, or trust a blockchain network. And I don't really, other than the Bitcoin network itself.

But curious to see what other Bitcoin holders are willing to try out?

Well, staking coins I have are DOT, ETH, and ADA. Right now I only stake DOT though, but plan on doing the others soon.

DOT seems complicated to stake just from what I've heard, I haven't even researched it yet, and it (along with some trading profit) is what I'll be living off of starting next month now that my savings in the bank have run out, so I want it to be easily unstaked and sold with a few clicks of a button whenever I want so I just stake it on an exchange. Not the safest thing since I have a ton of DOT, but major exchanges seem a lot safer these days than a few years ago.

ADA sounds fairly easy to stake yourself, I still need to research it but probably in the next month I plan to get into that and try moving my ADA off-exchange and staking it myself.

ETH is currently nearly all in my own wallet but I will probably move it to an exchange soon to stake. I can't stake it myself because you have to be online to stake (and actually I think it's the same for DOT so I wouldn't be able to stake DOT myself anyways) and I don't have any way to keep a system running always online with my traveling lifestyle.

So yeah while I keep my Bitcoin in cold storage in my own addresses, and that is the vast majority of my money, for staking I feel pretty comfortable doing it on-exchange at major, regulated, secure exchanges, especially since I literally am unable to keep a staking node running due to my lifestyle.

[Hypnosis00]

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?

Practically to say is that I usually do the cashout and convert my crypto to our local currency. I keep remembering my biggest mistake last 2017, and I don't want to miss this time again. So I'll take this chance rather than to continued staking for my future, I actually did some investment and the funds are coming from my cashout which I think that also a good idea. I'm not saving cryptos but I do the outside investment which is just the same as what you did...

[CryptopreneurBrainboss]

Not surprisingly but I got nothing in fiats, I withdraw my crypto to my local currency each time I want to spend some funds and probably just keep few incase of urgent need. Thankfully with the peer2peer system it's quite easy to withdraw any amount in the next 5-10mins and get instant credited although thses few last weeks, the banks are making it a little be time cosuming due to their network issue.

I see no reason why fiats should be held unless you're saving to invest when the market turns red and better still you can do that using stablecoin that would be easier to store and transferred without having to wait for an authorization from a third party.

Now when choosing your stablecoin, you have to be very selective as not all out their can be reliable. It's no news your coins can be frozen so only patronize those that operate decentralized like DAI.

[Gozie51]

Thankfully with the peer2peer system it's quite easy to withdraw any amount in the next 5-10mins and get instant credited although thses few last weeks, the banks are making it a little be time cosuming due to their network issue.

In terms of the slow network and services in the banking system, I think you can do more of mobile transactions in fiat. In this case you can send mobile bank details to the second party you are transacting with especially if it is a country man or someone that can buy in local currency. With this it is more easier because you have fiat in your mobile app and anywhere you go, you can buy, sell and be comfortable with life. I mean, this is even the good thing brought by bitcoin cryptocurrency and digital transaction.

[ololajulo]

mining gear .........  40%

Damn. That's quite a huge allocation on miners. Tell you what, I know a dude that's interested in buying bitcoin mined outside of China.. /s [context]

Is there a difference for bitcoin outside china?

[dunfida]

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 cant say full because you still have 0.5% in cash.  Imho this move is risky but as long you are aware with that the it doesnt matter because its your money you do have the
full control of that and its none others business if you do go full with crypto.Its good to hear out that you are paying up your bills on staking rewards even though
these things arent really that much appealing but it seems you are enjoying it and which is good but always take consideration about the risk involved.
Always set up some back up funds in case things do really messes up.

[Oceat]

90% in crypto and the rest is fiat since I have a real world business I'm running for my family sake, still I have end up turning crypto into bank, it's actually where I keep most of my money even earnings from my business

That's a nice move actually but isn't it risky to even put your earnings in business to crypto? I mean we all should have an emergency funds IYKWIM because seriously, nowadays is kind of hard to make money especially with this pandemic and crisis in the market especially the food.

But whatever, as long as you can manage to make cash from your business it's fine and I would do the same if I were you. So I'm basically hodling more crypto than fiat right now and it's totally fine since I got some of the expenses covered with my day job so it's not that hard to make a living at least.

[STT]

Is there a difference for bitcoin outside china?

China often doesnt follow international laws and regulations so its not a new suggestion to avoid anything produced there and that includes Bitcoin which could be related to the large amount of smog and coal they burn for energy and other various pollution.   In theory they've agreed to reduce emissions recently I think, in practice they will run a double book on actual practice and reported figures.
  Pretty sure I read of more then one fund that promised to source only BTC mined elsewhere or verified renewable energy.   Its still a reasonable question that mined blocks are not diversified to avoid bias and failure.

[tygeade]

I did that because I felt having crypto was more flexible in doing business online than holding fiat.

Readiness to transact and get paid in quick time are more convenient and easier with crypto payments but most of my friends who are into different online business are not at all holding any crypto and I guess if they adopt crypto then they could save more and may settle their transaction in more quicker time and this way if they are able to save time and money then that would be double benefits for them. I am still trying to convince them to plan up for long term holding of some cryptos and hopefully they will start listening soon because of on-going bull run.

I am having 50% of my networth in crypto and the rest are on properties and I have less than 5% in fiats. I guess this is how crypto business people are doing right now.