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

[onecall123]

Crypto is proved it that can to survive and can to believe, the system is decentralized which identical with freedom, this one of some reason why so many people join in, not just join, but they have a strong believer in crypto, and make people almost 100% in crypto. I'm also 99% in crypto and I love it

I have the same portfolio history. However, I've feeling that but not sure BTC is going to drop to 50K because it's very negative at the present time. Situation maybe cancelled after breaking 60k, unless freezing out before that action is highly recommended. Regardless of whats i'll keep my crypto as far as possible.

[peter0425]

Crypto is proved it that can to survive and can to believe, the system is decentralized which identical with freedom, this one of some reason why so many people join in, not just join, but they have a strong believer in crypto, and make people almost 100% in crypto. I'm also 99% in crypto and I love it

You're the only one who understand your post.

well, I also just realized that currently most of the assets I hold are more crypto than fiat. however, the comparison is maybe 80% of my assets are still in digital form. I did that because I felt having crypto was more flexible in doing business online than holding fiat.

as long as you are investing what you can afford to lose then there are no problem , but if you are investing your lifetime saving here ? then you are in trouble at some point .

[buwaytress]

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.

Ah, right, thanks. So you haven't actually used any of those so-called cross chain networks to "wrap" your Bitcoin and stake that instead, then. I might have made my question clearer as this is what I was trying to see if people are already doing more (I know Bitcoin wrapped TVL is growing but I'm pretty certain it hasn't come from "proper" Bitcoin holders).

Far as I know, these aren't proper stakes in the sense we understand them, no need to be online as a validator or part of one, more like locking into smart contracts. I get the attraction, trust a network instead of an exchange, but as I said, I don't exactly trust these networks any more than I do the exchanges!

[sarmrakib]

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?

Its really good to know that your at 99.9% on crypto i think you are living on a country where cryptp is legal that's why you can easily calcuate your expense and investment . Howeve thoug it is tough to use the digital currency here is on my country still i habe 50% on crypto on my wallet and i  make 50% to cash for my expense i always follow this way in every month.

[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.

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.

It is nice to see another user with the same thought process, most of the time I see users talking about diversification and that is fine when you want to protect your capital but when you want growth then you need to concentrate your capital in just a few investments.

Bitcoin is so far ahead any other financial instrument that it does not make sense to invest in anything else, after all what stock can give the same profits that bitcoin has given during the last year? And even if there are a few stocks that have given more profits than bitcoin those stocks are the equivalent of shitcoins and very few would have taken the risk with those stocks anyway.

[jaberwock]

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?

Well, I am finally there with you. I do not have many fiat, and the ones I have will go straight to spending, which means I do have fiat time to time but it is very quick, whenever I need it, I just cash out and pay whatever I have to pay and rest is still in bitcoin so I am always at 100% except few minutes.

I do not see the point of having money in my bank account anymore, I do have some cash because I may need it, not like I can live without any cash in this world unfortunately, but aside from that I have literally zero money in my bank account now (okay few cents but I couldn't withdraw that) so I can clearly say that I am full on 100% bitcoin aside from some cash here and there, and I keep all my income in bitcoin as well until I need it. It is really a freeing feeling as well I just feel like it is going to be so much easier this way if bitcoin keeps being this awesome.

[hatshepsut93]

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'm currently 0.31% fiat, 98.11% Bitcoin, the rest is XMR and ETH. But I hope to enter the real estate market with my BTC gains after this bull market, becoming a landlord has always been my dream, and I hope to build a portfolio of stocks some day, though now stocks look kinda overpriced in my opinion.

I think when you Bitcoin stash is start becoming worth a lot and when it's 90%+ of your portfolio, it's time to reduce the risk and move money out of crypto. The crash can come at any moment and will leave you with a fraction of your wealth; I didn't sell a single satoshi during the 2017 cycle and I regret it, I wish I sold high and bought back some, but no, I was too caught in the HODL meme.

[Oilacris]

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?

Its really good to know that your at 99.9% on crypto i think you are living on a country where cryptp is legal that's why you can easily calcuate your expense and investment . Howeve thoug it is tough to use the digital currency here is on my country still i habe 50% on crypto on my wallet and i  make 50% to cash for my expense i always follow this way in every month.

Will vary in each everyone of us when it comes to their holdings because not all countries would have the same jurisdiction when it comes to crypto.If it turns out to be

positive then that would be an advantage because you can fully exert the benefits of it without hesitation or minding off to get some violation but once it is on a the negative side

then you would really be having that hesitance or hindrance for you to do so.For now im not really that much confident on fully switching all of my fiat into crypto
but still i have some coins that have been holding.

[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?

Well, I am finally there with you. I do not have many fiat, and the ones I have will go straight to spending, which means I do have fiat time to time but it is very quick, whenever I need it, I just cash out and pay whatever I have to pay and rest is still in bitcoin so I am always at 100% except few minutes.

I do not see the point of having money in my bank account anymore, I do have some cash because I may need it, not like I can live without any cash in this world unfortunately, but aside from that I have literally zero money in my bank account now (okay few cents but I couldn't withdraw that) so I can clearly say that I am full on 100% bitcoin aside from some cash here and there, and I keep all my income in bitcoin as well until I need it. It is really a freeing feeling as well I just feel like it is going to be so much easier this way if bitcoin keeps being this awesome.

Which is at it should be, if banks want people to deposit money with them then they need to give them a reason and when fiat is being printed at the rates we are seeing and many banks are not offering you any interest rate for having your money with them and many banks are now charging you money for the privilege of having your money in the bank then why bother?

It is better to have it in an investment like bitcoin which not only offers a lot of profits but freedom that you cannot get with any other investment, so when we think about it in this way it makes no sense to hold fiat, with the exception of having some fiat around for your expenses and some emergency in the case something bad happens.

[rahmatrf331]

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?

sometimes fate like agan often happens, but what can you do to your fate. to make quick decisions it is quite difficult to get cash, apart from selling existing ones.
when the price in crypto started to decline, at least having cash to exchange at a low rate, this happened to me a lot too.