Bitcoin regular savings - page 2. | Bitcointalksearch.org

Youghoor

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But it depends on how much money are you earning per month.

It is not the same the ten percent of $10,000, as the ten percent of a third world country wage ($400 x 0,10=
$40)

And do you really think that a ten percent ($40) of a 3rd country person is enough? It depends on the perspective.

Quote from: Arngrim on December 12, 2017, 03:22:37 PM

10 percent is enough.

I have been investing almost all my money in bitcoin, but i stopped because i think that it is enough.

Arngrim

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Quote from: netcashfx on December 12, 2017, 02:40:57 AM

Would you put a small amounts of your savings each month into bitcoins ? That would be a strong signal if everybody started to do this.
How much would you put in % ? I am quite confident to put 10% and raise it slowly from here.

10 percent is enough.
Besides I am still paying rent and would buy food for myself there goes the 60 percent of my monthly payment from my job.
The other 30 will be my own savings or my emergency money in case I am short of something or would need to buy for necessities.

savioroshan

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That idea is really good. Even I do it when I have extra savings. I convert them into bitcoins and keep them in my wallet. I usually don't invest too much. But today all those small savings have become hugh amount and I am really proud of it. Even I have suggested this method to my friends too.

SONG GEET

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I have seen people near me putting almost 80% of their monthly saving into bitcoin because our banks doesn't give high return in our savings even not in fixed deposits with really long term contracts.

I am also saving 50% of my earning in bitcoin from last year and I am already sitting at more than 5 years of my salary. Grin

BUSTEDCLUB

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i wish i could, but im a new comer and just try to catch whats going on here and still learn how to basic. im learning what is bitcoin, how to mine, how to get it for "free" etc, ever got scammed to by "cloud" mining xD

Don Pedro Dinero

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I think you are missing the whole picture here. It is advisable to save and to put that money to invest, but I wouldn’t do it without a financial plan and an allocation of assets in terms of percentage.

I would save at least 2-6 months of your salary in a savings account, depending on how secure your job is and your personal situation (if you pay a mortgage, if you have kids, etc). Then I would invest something into a low risk bonds fund and something else into a low cost index fund, such as an S&P 500 one. Then I would invest in bitcoin.

Quote from: squallw on December 12, 2017, 01:20:38 PM

It depends how you believe in bitcoin.
Some people says that we are safe investing 5% and some people go to 10%~15%.
In my case, i believe that bitcoin will reach $100k or more, so I put 90% and im good until now.

True. Applying this to what I’ve said, if you believe a lot in bitcoin, you could put like up to 75% of your savings. You may need to rebalance this in the future because if it goes too high, it can make 90%+ of your investments.

passwordnow

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Quote from: netcashfx on December 12, 2017, 02:40:57 AM

Would you put a small amounts of your savings each month into bitcoins ?

Yep, I'm doing it since the price of bitcoin hit $5,000. I don't know why I just did that when the price starts to increase. I'm putting 5%-10% (this is small for me) of my monthly salary to bitcoin and that's good to see it pumping now. I'll do this until I get old I guess since bitcoin looks to be stable and will stay for longer times.

Quote from: netcashfx on December 12, 2017, 02:40:57 AM

That would be a strong signal if everybody started to do this.

It is a good practice though and instead of buying those wants, I'll put it to bitcoin which is better.

chiggz

sr. member

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Though I put small amounts in Bitcoin I have invested in some altcoins that show a very high potential in the coming future. You can also try that. There are a lot of altcoins which are under a dollar with high potential to grow.

You can build a good portfolio like that if you can do a bit of research on the coin you are going to invest.

brushtooth

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Quote from: netcashfx on December 12, 2017, 02:40:57 AM

Would you put a small amounts of your savings each month into bitcoins ? That would be a strong signal if everybody started to do this.
How much would you put in % ? I am quite confident to put 10% and raise it slowly from here.

If I had a regular income and normally put some in to traditional savings I would definitely put a % of that in to bitcoin, as is I am not in such a situation but I am instead growing my bitcoin investments by trading.

squallw

full member

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It depends how you believe in bitcoin.
Some people says that we are safe investing 5% and some people go to 10%~15%.
In my case, i believe that bitcoin will reach $100k or more, so I put 90% and im good until now.

marcuslong

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Quote from: netcashfx on December 12, 2017, 02:40:57 AM

Would you put a small amounts of your savings each month into bitcoins ? That would be a strong signal if everybody started to do this.
How much would you put in % ? I am quite confident to put 10% and raise it slowly from here.

Well bitcoin is not yet that good when it comes of savings but it is good to make money and profit and then save what you've already madebup to you if you still want to run them into invwst or in another trading system which makes you more profit , my technique there was when i hit profit i guaranteed my savings to 10-15% percent notnonly for the future but atleast while earning we seeing our money grow like we grow old too.

netcashfx

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why would you sell ? You're not scared that it goes up way more ? Could easily double from here.

Daytus

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Quote from: netcashfx on December 12, 2017, 02:40:57 AM

Would you put a small amounts of your savings each month into bitcoins ? That would be a strong signal if everybody started to do this.
How much would you put in % ? I am quite confident to put 10% and raise it slowly from here.

I usually since 2016 save about 10-15% from my salary or other income from every month whatever price up or down I plan to sell after hit 10K and I achieve my object no so long ago.

netcashfx

newbie

Activity: 32

Merit: 0

Would you put a small amounts of your savings each month into bitcoins ? That would be a strong signal if everybody started to do this.
How much would you put in % ? I am quite confident to put 10% and raise it slowly from here.

Topic: Bitcoin regular savings - page 2. (Read 386 times)