Topic: How much in % of your savings are in BTC? - page 2. (Read 6076 times)

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

I will start selling only if I'm out of USD income source and when BTC costs at least $20,000

Started at 1%, is at 6% now. Think that's a comfortable spot for me. At 10% I'll start selling.

Approximately 50%.
Enough to make me worried.

I put 100%+ into BTC. Every penny I have left over from paycheck goes into BTC and GROWWWS

95%

I have 100% saving in Bitcoin only.  

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

It's trickier than that because most savings accounts offer real negative returns (ie. less purchasing power after inflation is taken into account). In this day and age you cannot simply stash money in a savings account and hope it will one day buy you the house you wanted or the pension you dreamed of. You have to consider all kinds of things like how long you have until you need it, what you intend to use it for, economic conditions, risk of other investments etc to make an informed decision.

Invest in things you understand and believe in for the future and always keep some reserves liquid for opportunities that arise.

I mined most of them with a laptop CPU. Actually completely forgot about bitcoin and came back about a year later and found them about another year later.

Rule number 1. NEVER put all your eggs in one basket. That's a really bad idea no matter how bullish you are on btc

This is the best strategy if you absolutely don't want to take a slightest risk, and do not care that you can have much more when the price of bitcoin will rise in 2014.

igorr, that can't happen, because if certain percentage of companies will leave mining, it will again become profitable for the rest of them who stayed in the game. Over time, those companies with lowest operational costs will stay, and also those people who doesn't mine for profit (you would be surprised, but there are really people who mine just to support the network and doesn't care about profit).

Wat is real money? You are fog, LOL.



I hate reading articles from Business Insider, Forbes, etc about bitcoins. They are always bipolar and show they have little understanding of it. They started off being negative towards bitcoin and now that it's gaining popularity they are switching sides. I like how they picked Dogecoin as a serious example for discussing alt coins. And this quote:

"The question then becomes: Can the social network last? If it can, then the value can be maintained, or might grow by even a lot. But history is not on Bitcoin's side on this question. For one thing, no social network seems to have much lasting power... especially not the first in a given category (Napster, MySpace, ICQ, etc)."

1. I don't think there's a middle ground where the "value can be maintained"... it will either be worth nothing or it'll become huge (5-6 figures)
2. Bitcoin coming in ahead and having the largest network, infrastructure and support is a good thing for bitcoin. I don't think the Napster analogy applies to everything. People barely know about bitcoin as it is... alt coins are another level of confusion. There will probably be several big alt coins along with bitcoin but at this stage all cryptos need bitcoin to succeed and have mass adoption


edit-- i didn't realize the link was form the same user as above, what a waste of my time

check this, why LTC not have the price 820 usd? why DGC not have the price 1 milon USD, why BTC not have the price 1 usd.
The answer is simple,
Mining company need a lot money, mining SHA-256 is so easy, and after mart 2014 game is over,
mining will not be cost-effective
each company will leave mining and BTC and all other crypto coin go to zero.


http://www.businessinsider.com/why-bitcoin-has-value-2013-12

In the existential sense - "real money" is also a fog.  We don't take any of this with us when we go.   

Bitcoin is a fog, you give real money for fog, I can not believe LOL.

60% BTC, 5% LTC, 5% DOGE, 30% fiat. But I don't have that much savings, anyway.

My btc holdings, at the current price, exceed by a substantial multiple the rest of my assets including fiat.  That pretty much answers the question in the title of this thread, but it doesn't go very far in helping a reader make a decision on his own.  Everybody's financial and life situation is different.
I will tell you why it made sense for me to go all in.  I am approaching retirement age.  Before I started buying btc, I had only about thirty thousand in liquid assets, and twenty thousand of debt.  So my net assets, in terms of what's necessary for retirement, were negligible.  I would use up ten thousand (net) savings pretty quick, and I would have to live the rest on my life on social security.
It made sense to me to go all in.  This is based on my sense that bitcoin will not fail... you may have a different opinion.  But bitcoin has gained by an order of magnitude every year.  If I am right:  if bitcoin does not fail, and if its growth continues at anything like what it has historically, then I will be able to retire comfortably.  If I am wrong, I lose my savings, but they were totally inadequate in the first place.  In that case I will simply have to live on social security, which is no different from what would happen if I stayed out of btc.

No, it is a terrible strategy.

If you are able to save money and want to receive interest over the amount for a certain period of time, you should use a saving account at your local bank. It is the most safe and better way to secure your savings for the unforeseen future.

The best strategy to secure your savings against inflation is invest 0% in BTC.

Do not fall for the trick that speculators want you to believe. Everyone which suggests you should buy any quantity of BTC to hold as investment is only doing a favour for the speculators, whose are ready to sell for the next fool the idea the world have an infinite supply of people willing to pay more and more for BTC.

Currently about 10%, but considering to rise it to 25%. Watching my money on a bank account and knowing it is used by some other guys to earn sweet money is just disturbing