You should never invest in something you can't afford to lose or recover from.
That being said, it's up to how comfortable you feel.
Investors diversify, which would be the backup you are talking about.
Topic: storage in btc or fiat? - page 2. (Read 1001 times)
remember that storage in btc get an intrinsic highly level of volatility !
but if you need to "hide" some funds, or you want the control of it ... btc is the best solution!
but if you need to "hide" some funds, or you want the control of it ... btc is the best solution!
It greatly depends on your entry point. If you got in at 200 I would keep most in bitcoin. If you got in recently, a spread may be better if you are afraid it can drop 100 USD for instance.
I would put as much as you are comfortable with in bitcoin at the moment, but never your full savings. Also pit some in a regular savings account, gold and stocks.
I would put as much as you are comfortable with in bitcoin at the moment, but never your full savings. Also pit some in a regular savings account, gold and stocks.
i personally would choose bitcoin than fiat and even though prices bitcoin is very unstable i do would take my own risk with believe bitcoin as my current investment
I personally would store everything I got in BTC because I trust BTC and I know that we will reach the moon , eventually at least . Also people should think logically in this matter , take in consideration halving block reward , and services that start accepting bitcoin each day etc ... 6,5 billion dollar marketcap can't die between one night and another just like that .
But if you can't afford to lose anything then yes , I suppose it's better to store little bit in Fiat and some in Bitcoin as -well .
But if you can't afford to lose anything then yes , I suppose it's better to store little bit in Fiat and some in Bitcoin as -well .
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?
Jump to: