100%. but it's not that much....not rich here....
don´t worry
you will be.
just keep your coins and try everything to grab some more.
+1
Topic: how much of your life savings is invested in BTC? (Read 4930 times)
don´t worry
you will be.
just keep your coins and try everything to grab some more.
+1
100%. but it's not that much....not rich here....
don´t worry
you will be.
just keep your coins and try everything to grab some more.
I hold 1 BTC and have saved 3k€ ... so ~5%?
Something like 20%, no ?
You can count current Bitcoin value, price you bought at doesnt matter
yeah then its more. bought it at 100 or so
100%. but it's not that much....not rich here....
I hold 1 BTC and have saved 3k€ ... so ~5%?
Something like 20%, no ?
You can count current Bitcoin value, price you bought at doesnt matter
Still less than10% but not by much
I hold 1 BTC and have saved 3k€ ... so ~5%?
News to me. My house is worth almost 3x what I paid for it. And I don't see it going down any time soon. By the time I sell, I expect it to be 4x.
I'm a homeowner myself, so I recognize the value of building equity rather than spending it on rent. However, I also recognize that maintenance on the house also eats into my budget considerably, so hopefully it pays off in the long-term, but in the short term -- financially -- not so much.
I'd love to know where you're getting 3x value on your house. I have family that have lived in the same homes for 20+ years in nice areas of town and the value of their homes are maybe 2x what they paid, but of course, that's straight up value in dollars (inflation not considered). In reality, the value has probably outpaced inflation by just a bit.
Either you're measuring the value of your home in pre-inflation calculated dollars, or you're smoking something very powerful, my friend
I'm glad bitcon put up this poll, i'm actually amazed by the number of people invested above 50%
and 25% @ 90% savings
lots of people here with Titanium Cahunas 
and 25% @ 90% savings
lots of people here with Titanium Cahunas Didn't start at 90% tho, most of us just got there
Bitchick is a Realtor. Location, location, location. Detroit was a hole when my mom left 60 years ago.
The ugly of renting is that you are throwing away your rent money instead of building an asset. That's a heck of a lot of money to be pouring down a drain. I'd rather have made 3x on that money instead.
The ugly of renting is that you are throwing away your rent money instead of building an asset. That's a heck of a lot of money to be pouring down a drain. I'd rather have made 3x on that money instead.
Lol. I don't know anything about USA, but here in Australia the only people who will say that are people with a vested interest in pushing real estate (ie. you). Anyone who is impartial will tell you that renting is more financially advantageous to buying.
There are benefits to buying, like not having to deal with rental inspections, being allowed to renovate, etc. But money is not one of them.
The difference in cost between buying and renting an equivalent property is generally about 2x. So to buy a $400pw rental would cost you about $800pw in mortgage and other things. If you decided to rent and put the extra savings away, you'd have saved over $600,000 over the life of a mortgage. That's if you DIDN'T invest the savings and just stuck the money under your mattress (I'm well aware of inflation - this is why in reality you would invest it). You can buy a house outright with that and not even need a mortgage.
People who think real estate prices are going to keep going up are delusional. Even more so than some of the bulls on here. See:
http://upload.wikimedia.org/wikipedia/commons/0/0b/Melbourne_House_prices_from_1965_to_1912.jpg
So even if you do have cash to buy a house outright, it's still perhaps smart to rent for now and wait for the prices to continue falling.
It depends on supply and demand in your area. Where I live, most property is owned by a few rental agencies and most tenants are college students. Rent here is double what the mortgage payment would be.
Bitchick is a Realtor. Location, location, location. Detroit was a hole when my mom left 60 years ago.
The ugly of renting is that you are throwing away your rent money instead of building an asset. That's a heck of a lot of money to be pouring down a drain. I'd rather have made 3x on that money instead.
The ugly of renting is that you are throwing away your rent money instead of building an asset. That's a heck of a lot of money to be pouring down a drain. I'd rather have made 3x on that money instead.
Lol. I don't know anything about USA, but here in Australia the only people who will say that are people with a vested interest in pushing real estate (ie. you). Anyone who is impartial will tell you that renting is more financially advantageous to buying.
There are benefits to buying, like not having to deal with rental inspections, being allowed to renovate, etc. But money is not one of them.
The difference in cost between buying and renting an equivalent property is generally about 2x. So to buy a $400pw rental would cost you about $800pw in mortgage and other things. If you decided to rent and put the extra savings away, you'd have saved over $600,000 over the life of a mortgage. That's if you DIDN'T invest the savings and just stuck the money under your mattress (I'm well aware of inflation - this is why in reality you would invest it). You can buy a house outright with that and not even need a mortgage.
People who think real estate prices are going to keep going up are delusional. Even more so than some of the bulls on here. See:
http://upload.wikimedia.org/wikipedia/commons/0/0b/Melbourne_House_prices_from_1965_to_1912.jpg
So even if you do have cash to buy a house outright, it's still perhaps smart to rent for now and wait for the prices to continue falling.
I invested about 5% back in Feb 2013. I panicked and sold about 1/3 of my bitcoin at the bottom after the April crash. For the 6 months following I could not decide whether to buy more or sell, so I did some of both, which significantly raised my cost basis. Now I believe I finally 'get' bitcoin, and buy and hold for a long time. I think the strategy of selling off 10% each time the value increases 10-fold is a good strategy, at least as long as it does this at least once a year.
Now it is about 75% of my savings, but I added alot more than the initial 5% in the months following the April 2013 crash. Still waiting patiently to cash out an amount greater than my initial investments.
In my opinion the most valuable thing to catch about bitcoin investing is the importance of holding for the long term and being patient. And selling a little bit annually, only at all time highs.
Now it is about 75% of my savings, but I added alot more than the initial 5% in the months following the April 2013 crash. Still waiting patiently to cash out an amount greater than my initial investments.
In my opinion the most valuable thing to catch about bitcoin investing is the importance of holding for the long term and being patient. And selling a little bit annually, only at all time highs.
Not much life savings I invested in BTC, but now it represents most of my life savings.
More and more as valuation tothemoons.
I invested 30% which became more than 60% at current prices.
I pay bills with fiat and can't really save any. Hopefully btc will continue to bring profit
I pay bills with fiat and can't really save any. Hopefully btc will continue to bring profit
Times have changed, my friend. Those days are done.
News to me. My house is worth almost 3x what I paid for it. And I don't see it going down any time soon. By the time I sell, I expect it to be 4x.
Your parents are also living off the proceeds of social security and medicare...programs you are paying into that you will likely never see when you retire.
I don't buy into this commonly-held notion. I think Social Security and Medicare will still be there. But I have bitcoin so I don't really care as much.
The "Greatest Generation" really set themselves up nice. At the next generations expense!
Perhaps.
The beauty of renting is that you are liquid: can easily move to where the opportunities arise as soon as they arise. A house and mortgage can be a ball and chain. Ask some Detroiters.
Bitchick is a Realtor. Location, location, location. Detroit was a hole when my mom left 60 years ago.
The ugly of renting is that you are throwing away your rent money instead of building an asset. That's a heck of a lot of money to be pouring down a drain. I'd rather have made 3x on that money instead.
Also, should the SHTF in your town you simply walk out the door to greener pastures. You don't even have to lock the door on the way out.
Since I don't live in Detroit, Harlem or Compton, I'm pretty sure my house will continue to be desirable past the point where I sell it.
Oops. meant to click on less than 10%. But if we look a pure currency...since I have nothing in money, it's about 50% lol.
All of my savings are invested in real estate!
All of my savings are invested in real estate!
It didn't start off being so high, but now it is more than 50% of our savings (I didn't include my house).
just a friendly reminder your house is a liability not a asset Tell that to my parents who sold their house and my dad is still living off the proceeds 10 years later.
Times have changed, my friend. Those days are done.
Your parents are also living off the proceeds of social security and medicare...programs you are paying into that you will likely never see when you retire.
The "Greatest Generation" really set themselves up nice. At the next generations expense!
The beauty of renting is that you are liquid: can easily move to where the opportunities arise as soon as they arise. A house and mortgage can be a ball and chain. Ask some Detroiters.
Also, should the SHTF in your town you simply walk out the door to greener pastures. You don't even have to lock the door on the way out.
Stay liquid, my friends.
A fair chunk is in mining equipment which I bought with BTC, so it's a decent proportion.
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