Author

Topic: Bitcoin store of value (Read 2092 times)

legendary
Activity: 1288
Merit: 1080
December 29, 2010, 10:14:49 PM
#6
I try not to keep too much cash.   Cash is not a good investment.  Even with bitcoins.

I'm pretty sure bitcoin will become a leading currency so buying bitcoins now might be a astonishing trade.  But I have no idea whether it will reveal as such in one year or twenty years.

Therefore, I'll try to keep only a few thousands bitcoins and spend the rest to buy shareholdings and conventionnal assets.  So I answered  2% but my real answer is not really a proportionnal factor, rather a constant amount.
legendary
Activity: 980
Merit: 1020
December 29, 2010, 10:12:00 PM
#5
50%
legendary
Activity: 1222
Merit: 1016
Live and Let Live
December 29, 2010, 10:06:31 PM
#4
I'm saving above 50% of my net income.  Grin in bitcoins.
legendary
Activity: 1470
Merit: 1006
Bringing Legendary Har® to you since 1952
December 29, 2010, 09:44:09 PM
#3
Right, terribly bad poll. What if somebody wants to store all in BTC ? Or 50 % ?
legendary
Activity: 1246
Merit: 1016
Strength in numbers
December 29, 2010, 08:26:28 PM
#2
Nice poll. Did you stop beating your wife?

edit: sorry that isn't clear. I think the poll is bad for two reasons. If someone has almost no income that they can afford to save then the number will be small even if they want to save it all in BTC. If they have tons of extra income they might save 20% without even thinking that bitcoin is super awesome.

Maybe better to ask about wealth. And the economy is tiny, but it's already been kick started (by a pizza imo).
sr. member
Activity: 280
Merit: 250
December 29, 2010, 08:00:02 PM
#1
Stores of value have in the past become traded currency. Once "value" is established, it become possible to trade valuables.

Knowing this how much of your personal income would you be willing to convert to BTC to support the price and kick start the economy? Remember that in this hypothetical strategy you could always later convert your BTC back to normal currency.
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