storage in btc or fiat? | Bitcointalksearch.org

Herbert2020

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Quote from: Tyrantt on February 20, 2016, 09:03:04 AM

Since we all know that the price of the BTC is going up and down and we can't clearly know what's going to happen in the next month, few months, a year... Would it be "better" maybe to keep 51% of your btc in fiat? or some other proportion IF the bitcoin price somehow crashes like it did when it came from 1k to about 200$ so if that does happen you can still cover the "loss" of your btc in fiat and if the price goes up you can still convert that % of the gained btc to fiat, so you always have a backup in some dark case. Thoughts?

you can't just set fixed numbers like this.
if you want to invest in bitcoin for long term then you should but whatever amount you can afford to risk and don't think about small daily changes.
but if you want to trade bitcoin daily then you should do it completely not half ass. which means buy all and sell all your investment in appropriate times to take the biggest profit.

dollarneed

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i prefer storage or invest my money in bitcoin than in fiat, however it's risky but it's prety much high return but if you have a lot of money, i think the best way to storage them is invest in property but you must remember never put yourself in a position where you are forced to sell.

asSoqui

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Quote from: naypalm on February 20, 2016, 09:59:58 PM

Gramps used to always tell me that you don't put all of your eggs in one basket. Grin

Totally agree with this one. I always play with multiple cards.

Cheers Grin

naypalm

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howdy

Gramps used to always tell me that you don't put all of your eggs in one basket. Grin

23dzmaz

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Quote from: Tyrantt on February 20, 2016, 09:03:04 AM

Since we all know that the price of the BTC is going up and down and we can't clearly know what's going to happen in the next month, few months, a year... Would it be "better" maybe to keep 51% of your btc in fiat? or some other proportion IF the bitcoin price somehow crashes like it did when it came from 1k to about 200$ so if that does happen you can still cover the "loss" of your btc in fiat and if the price goes up you can still convert that % of the gained btc to fiat, so you always have a backup in some dark case. Thoughts?

I agree with you that we have some in bitcoin and some in fiat. some in fiat for backup when something happened or emergency. and storage in bitcoin, i think it's fine. like today the price of bitcoin is increase.

Ruzka

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Whatever I put into bitcoin stays in bitcoin.
I mean I have invested what i can afford to lose so I have no reason to put money into fiat in case bitcoin drops.
There was a big reason for the drop you mentioned and I doubt that will happen again anytime soon at least to that extent.
The only time I would sell bitcoin is in the hope I can buy more for cheaper not because of the illusion of safety in fiat.
Only invest what you can lose and forget the rest or it gets annoying.

Invulner

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Invulner

I think BTC is the best way to store your money in right now, because the bullish trend is quite strong. However it still involves risk. But not fiat, never fiat.

Funny

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I personally would store my wealth in neither. BTC is still in its startup stages and the price is too volatile. I'd store my wealth in gold, for now.

leowonderful

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Bitcoin FTW!

Quote from: The Sceptical Chymist on February 20, 2016, 06:51:58 PM

Dude, if you pay your bills and rent in fiat, buy your groceries, give money to bums and tip strippers in fiat then you ought to keep most of it not in bitcoin but fiat. Bitcoin is unpredictable in case you haven't noticed, and you could lose it all. OSS "knows" it's going to the moon but I am not so confident and such confidence in the face of uncertainty most likely will leave teeth marks on your butt cheeks.

Bitcoin could yield a profit, and it's just up to whoever holds the bitcoin to decide whether or not to take that risk of holding bitcoin and hoping for a profit, or holding some fiat and making a few thousandths of a penny or losing a penny. Bitcoin is for a slight risk taker, and fiat is for the guy who likes currency that has a very stable value (most of the time.)

The Sceptical Chymist

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Dude, if you pay your bills and rent in fiat, buy your groceries, give money to bums and tip strippers in fiat then you ought to keep most of it not in bitcoin but fiat. Bitcoin is unpredictable in case you haven't noticed, and you could lose it all. OSS "knows" it's going to the moon but I am not so confident and such confidence in the face of uncertainty most likely will leave teeth marks on your butt cheeks.

romero121

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Storing as bitcoin is the best option than going for fiat. The volatile or fluctuating nature also earn you some price, but the fiat won't earn any profit as well its very risky to hold for long.

MoneyChanger

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Gold and BTCs, avoid fiat money if possible due to inflation and great public debt all over the world.
It could turn easily to nightmare everything in relation with money in next few years.

BitMaxz

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Yes you can recover your lose. The value of the bitcoin is not stable but the problem is your time if you can wait for a long time you can recover your lose if the is high.. Bitcoins still the best to choose as investment because the bitcoin will still increase month by month.
So if you want to make a profit right now. wait again for the low price. This time is not the time to buy, The price today is very high and there's a possible that the price will crash.. wait for the low price below 400 and then buy bitcoin after that hold your bitcoin and wait for the price to increase..
Don't forget the halving after halving the price should be increase above 500. Let's hope that the price must 500 above..

notlist3d

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Quote from: lite on February 20, 2016, 02:08:44 PM

Quote from: Tyrantt on February 20, 2016, 09:03:04 AM

Since we all know that the price of the BTC is going up and down and we can't clearly know what's going to happen in the next month, few months, a year... Would it be "better" maybe to keep 51% of your btc in fiat? or some other proportion IF the bitcoin price somehow crashes like it did when it came from 1k to about 200$ so if that does happen you can still cover the "loss" of your btc in fiat and if the price goes up you can still convert that % of the gained btc to fiat, so you always have a backup in some dark case. Thoughts?

I think it's better to be in bitcoins, i'm all in bitcoins no fiat balance at all atm.(i will have some fiat balance when btc will be above 500$)

For near future I think those invested in coins will see the better return. How high will it go? No one can say but difficulty has been jumping a ton.... should effect price.

I will say if you have fiat there is really no variance you are for better or worse locked into a value. With BTC you have pretty big up's and down's. So they are really two very different storage methods.

lite

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Quote from: Tyrantt on February 20, 2016, 09:03:04 AM

Since we all know that the price of the BTC is going up and down and we can't clearly know what's going to happen in the next month, few months, a year... Would it be "better" maybe to keep 51% of your btc in fiat? or some other proportion IF the bitcoin price somehow crashes like it did when it came from 1k to about 200$ so if that does happen you can still cover the "loss" of your btc in fiat and if the price goes up you can still convert that % of the gained btc to fiat, so you always have a backup in some dark case. Thoughts?

I think it's better to be in bitcoins, i'm all in bitcoins no fiat balance at all atm.(i will have some fiat balance when btc will be above 500$)

bankingbtc

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i prefer both, bitcoin price is not really stable so i have some money in btc and some in fiat

tommorisonwebdesign

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I am not the kind of person who buys Bitcoin and store them in fiat currency. I am the type that tries to earn his Bitcoin by signature campaigns or the odd programming job I get. Bitcoin is going to really take off, and everyone here will be rich. It happened once before the Mt. Gox fiasco but Bitcoin is recovering.

jacee

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In my case, I prefer having my money on bitcoin. I save the coins for long term savings so the small changes that has happened on the bt price these past few weeks doesn't really affected it's value. Also I believe that the incomming halving will make a price hike before it happens so as of now, it's best for me to keep the coins.
I do convert some coins to fiat occassionally tho, whenever I need to withdraw it in fiat because bitcoin is not et really known widely in my country.

asSoqui

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I personally set aside some extra so that when in dark times, I have something to pull.

Cheers

treeguard

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i would choose bitcoin for sure, now it is the best investment option that can give the most profit and that has a lot of potential in growing

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