Topic: How much in % of your savings are in BTC? - page 5. (Read 6076 times)
50% (but i got in early). Nice to have a stake in things, news matters to me now
My everything is in BTC, whenever I need i use in BTC too, Just waiting Gasstation uses Bitcoin after that i am going to close fucking bank account also.
Around 1 months of casino visits, circa $1000USD
The rest of the coins were given to me on a laptop bequeathed to me unknowingly.
Discovered what a Wallet.dat was pretty quickly.
The rest of the coins were given to me on a laptop bequeathed to me unknowingly.
Discovered what a Wallet.dat was pretty quickly.
Always diversify your portfolio! Unless you truly believe Fiat will crash (in which case you're going to have a lot more to worry about than having your money in BTC anyway), there is no reason to have an extremely large amount of your money in BTC.
Personally I keep 25-30% of my portfolio in BTC and other cryptocurrencies.
Personally I keep 25-30% of my portfolio in BTC and other cryptocurrencies.
How much risk are you comfortable with?
Do you need the money for any kind of payments? Emergencies?
Do you have stable income?
If tomorrow bitcoin dropped to $50, would you be ok with it, or would you panic and contemplate jumping out of your window?
If you are completely comfortable with the risk, then sure, put 50% of your savings in there, but if the thought of bitcoin dropping worries you, or if it may cause financial distress then no, it is not a good strategy!
Do you need the money for any kind of payments? Emergencies?
Do you have stable income?
If tomorrow bitcoin dropped to $50, would you be ok with it, or would you panic and contemplate jumping out of your window?
If you are completely comfortable with the risk, then sure, put 50% of your savings in there, but if the thought of bitcoin dropping worries you, or if it may cause financial distress then no, it is not a good strategy!
probably, i have about 25% in just in case something crazy happens with bitcoin. But Im always looking to buy more. I just stiil see credible bitcoin enthusiast say it could go down to $300 or even $200 again. So Im waiting for that, if it happens. But it all depends on how much you have in savings i think. If you have 1000 in savings and you use 50%, $500 is a lot different than $1000. But if you have 100k, dropping down to 50k fluid isnt too much of a kick in the nuts. It helps not having a wife and kids. For, most bitcoin horror stories I read start off with, " Well, my wife/gf was complaining" and that usually is the beginning of their "why im still poor" bitcoin story.
Why not put 100% in it? It all depends what you feel and think about the value and if you trust BTC in general...
My target is to have 50% of my savings in BTC, so what do you think, is this a good strategy?
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