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Topic: How much in % of your savings are in BTC? (Read 6076 times)

legendary
Activity: 896
Merit: 1000
February 13, 2014, 10:37:55 AM
#88
Save? I don't save. I invest!

Okay, now that silliness is out of the way, I will say that any amount over 33% is just way too high for my liking. The caveat is that I live in the US. So there is definitely trickiness when it comes to regulation. I feel that 15-20% in BTC/Alts is a reasonable mix to me.

Then again, that doesn't reflect my "portfolio" at all. I'm relatively young so I don't have all too much in non-realty assets. I'd say I have around 25-30% in BTC/Alts. But a lot of this money tends to move around a lot.
sr. member
Activity: 406
Merit: 250
February 13, 2014, 10:18:38 AM
#87
0% BTC
100% cash

lol. excellent strategy. Obviously an inflation lover Smiley

I see,  Cheesy
legendary
Activity: 2114
Merit: 1031
January 10, 2014, 06:11:22 AM
#86
You can combat bitcoin inflation by getting interest payouts on Vircurex deposits now!

Also, LTC & PPC deposits, too.

I imagine more banks will emerge in 2014.
hero member
Activity: 518
Merit: 500
January 09, 2014, 09:22:58 PM
#85
0% BTC
100% cash

lol. excellent strategy. Obviously an inflation lover Smiley
legendary
Activity: 1260
Merit: 1000
Drunk Posts
January 09, 2014, 01:17:42 PM
#84

Inflation from mining alone will be higher than the official $USD inflation (2%) until 2021.


Have you seen the prices of stuff in the stores? Its way higher than 2%.
sr. member
Activity: 369
Merit: 250
January 09, 2014, 12:57:17 PM
#83
Every last penny, if BTC drops to 1, I will still be in profit.  Grin
sr. member
Activity: 406
Merit: 250
January 09, 2014, 12:55:38 PM
#82
0% BTC
100% cash
hero member
Activity: 728
Merit: 500
January 09, 2014, 12:08:39 PM
#81
I have 80% of my Grandma's savings in Bitcoin, we're doing good so far  Wink

Wait, savings (of yours) from your grandma, or your grandma's savings?

I love Bitcoin, but I'm not sure if I was in the grandma stage of my life I'd want that much of my savings in such a high-risk investment.

newbie
Activity: 24
Merit: 0
January 09, 2014, 12:04:02 PM
#80
I have 80% of my Grandma's savings in Bitcoin, we're doing good so far  Wink
legendary
Activity: 3512
Merit: 4557
January 09, 2014, 10:15:30 AM
#79
40% Bitcoin 60% fiat atm feeling comfort with that however, i will buy more to 60% Bitcoin ore when its passes 1k then i dont buy anymore. Bitcoin is still fresh and there is much growth to come with all those good news. The odds are really high to make a nice profit over 3-5 years hodling.

I got no wife/kids who spend my money so over some years i hope i can atleast pay a huge chunk of a new mortgage.

Also i got 1 Bitcoin to spend on pizza ore whatever over time, the rest i keep them longterm.
legendary
Activity: 1106
Merit: 1007
Hide your women
January 09, 2014, 09:12:44 AM
#78
I'm at 102% if you factor in debt. I know that's ridiculously high, but I just can't sell in a down market. I rode out two crashes, one more rally and I'll sell enough to drop below 90%. I can wait three months before needing to get a second job and I'll wait two years before capitulating and cutting my losses. Hey, the profit is secondary. I wanna see this thing succeed.

Profit might indeed be secondary. But a big loss certainly wouldn't be .... hope none of us face that situation !!

depends on what you call a loss. I had no savings before I bought BTC at around $10 so it would have to fall back into that range before I'd call bitcoin a poor savings vehicle.
hero member
Activity: 518
Merit: 500
January 09, 2014, 05:52:47 AM
#77
About 80%. Other is gold and cash. Always have an emergency fund in forms of gold and/or cash.

Whatever spare cash I have I buy tinned bins and blankets just in case bitcoin crashes to zero overnight Wink
newbie
Activity: 42
Merit: 0
January 09, 2014, 01:48:49 AM
#76
I'd say about 15% - if I loose it never mind, I would be more upset if I could have had BTC and have none available when the price skyrockets  Smiley

I don't see a way to loose it really. Just look at million dollar investors. If they invest, I'm sure they have more to loose than any of us here.
full member
Activity: 154
Merit: 100
January 09, 2014, 01:47:22 AM
#75
I'd say about 15% - if I loose it never mind, I would be more upset if I could have had BTC and have none available when the price skyrockets  Smiley
newbie
Activity: 42
Merit: 0
January 09, 2014, 12:25:42 AM
#74
I'm gladly using debt in USD because dollar inflates and bitcoin deflates Smiley
donator
Activity: 1464
Merit: 1047
I outlived my lifetime membership:)
January 08, 2014, 09:58:05 PM
#73
Well, it used to be like <1%...but now it's like 80%
...but I had to wait a few years.
hero member
Activity: 503
Merit: 501
January 08, 2014, 09:48:25 PM
#72
Started at 1%, is at 6% now. Think that's a comfortable spot for me. At 10% I'll start selling.

Your 1% is likely many others 99% - congrats ;->
hero member
Activity: 518
Merit: 500
January 08, 2014, 09:31:00 PM
#71
I'm at 102% if you factor in debt. I know that's ridiculously high, but I just can't sell in a down market. I rode out two crashes, one more rally and I'll sell enough to drop below 90%. I can wait three months before needing to get a second job and I'll wait two years before capitulating and cutting my losses. Hey, the profit is secondary. I wanna see this thing succeed.

Profit might indeed be secondary. But a big loss certainly wouldn't be .... hope none of us face that situation !!
legendary
Activity: 1106
Merit: 1007
Hide your women
January 08, 2014, 08:11:31 PM
#70
I'm at 102% if you factor in debt. I know that's ridiculously high, but I just can't sell in a down market. I rode out two crashes, one more rally and I'll sell enough to drop below 90%. I can wait three months before needing to get a second job and I'll wait two years before capitulating and cutting my losses. Hey, the profit is secondary. I wanna see this thing succeed.
newbie
Activity: 42
Merit: 0
January 08, 2014, 07:52:52 PM
#69
Why not put 100% in it? It all depends what you feel and think about the value and if you trust BTC in general...

I have 100% saving in Bitcoin only.  Cool

Because fiat currency saving accounts in the UK charge too much tax. Whereas Bitcoin doesn't have any tax currently.


Bitcoin doesn't have interest... so there is no need for any income tax like savings.
But Bitcoin does attract CGT.

It's not interest that will be taxes (if it will be), but rather a capital gain (like stocks). Though if such law passes in the US, I don't know how it's going to be executed cause BTC is almost untraceable. I guess those BTC holders who want to tell IRS how much they have will be taxes and those who don't want, will not.
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