What % of your liquid wealth is in BTC?

westkybitcoins

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Quote from: cypherdoc on December 06, 2011, 05:12:13 PM

If you realize that the Fed has to continue to debase the USD to keep the world afloat then you realize the value of Bitcoin. They cannot afford to let countries default in a domino effect like we had companies do in the 2008 crash. The stock market is sensing this as are commodities like oil. Unfortunately gold is not doing as well:

That just means we can still get it at a relatively reasonable price. Seems clear we're doomed to see USD (and likely Euro) hyperinflation, at which point precious metals will become extremely valuable.

And I agree, one could also anticipate a sharp rise in demand for bitcoins as the global fiat monetary system finally implodes (Ann Barnhardt's recent interview points out the increasing likelihood of this)... people will still want to transact electronically, but the infrastructure for things like egold keeps getting attacked by the feds, leaving bitcoin as the most robust alternative.

cypherdoc

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If you realize that the Fed has to continue to debase the USD to keep the world afloat then you realize the value of Bitcoin. They cannot afford to let countries default in a domino effect like we had companies do in the 2008 crash. The stock market is sensing this as are commodities like oil. Unfortunately gold is not doing as well:

Rassah

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Quote from: N12 on December 06, 2011, 04:30:09 PM

It’s good to see true long-term bulls with conviction. I think that’s, on a much larger scale and time frame, all it takes to make Bitcoin a true store of value.

You can’t believe how I nearly shit my pants when it crashed from 1$, yet I just bought more at the time.

Quite the bear trap …

My investment "classes" have basically conditioned me to keep buying when prices go down, as long as it's something you believe in (such as S&P index), since all that's happening is the prices to buy it are getting cheaper. That's the same way I view Bitcoin; I believe in the technology and the people working on implementing it, and over the last six months it's just been getting cheaper to buy into it. I was probably one of the few people being happy about the 2008 crash, too, since that allowed me to quickly catch up to more seasoned investors on the rebound.

N12

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It’s good to see true long-term bulls with conviction. I think that’s, on a much larger scale and time frame, all it takes to make Bitcoin a true store of value.

You can’t believe how I nearly shit my pants when it crashed from 1$, yet I just bought more at the time.

Quite the bear trap …

Rassah

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Quote from: N12 on December 06, 2011, 03:57:14 PM

my main form of saving will continue to be Bitcoin until I see something better

Ditto!

Dollar cost averaging makes the pain less and less over time, too (used to be I needed BTC to be $18 to break even. Now it's under $10)

BTCurious

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^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: ?? on ??

I was expecting a large porportion in the low range (that's why I had a bunch of options for below 5%), but I didn't expect a full one third to be above 50%, wow!

Yeah, that surprised me too!
I myself am middle tier -- half of the time. I do some slow-pace arbitrage over slow exchanges. Scrapes together a few coins

N12

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Quote from: cypherdoc on December 05, 2011, 12:35:20 PM

more relevantly, i traded in most of my gold and silver for Bitcoin and continue to be happy i've done that.

Really? If you timed the transition badly, you could have missed out on a lot of Bitcoins … but I guess it might be worth the assurance that you didn’t miss a possible train.

I don’t have very much yet (and not that much anymore thanks to the long, slow slide, which hit me bad as I expected a major crash and often interpreted everything else as bullish), but my main form of saving will continue to be Bitcoin until I see something better. (Un?)fortunately, I still don’t.

Probably won’t be upping my percentage anytime soon though, unless I can, once more, get my hands on some sub dollar BTC. Grin

Technomage

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Affordable Physical Bitcoins - Denarium.com

Everything that can be changed to BTC with relative ease can be considered liquid. If you own stocks, gold, whatever, that's liquid. If you own a house, that's not liquid. That's how I understand it, anyway.

Rassah

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I voted as a lot before reading that things like mutual funds are considered liquit. My a lot is based on percentage of my cash savings, in which case it's most. If compared to my stock holdings, thanks to the slide down from $17, not so much Tongue

tvbcof

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I won't say what I put as a %, and it is not very accurate anyway, but I will say that it is dwarfed by PMs. My BTC percentage of net worth would be higher had not the value of BTC dropped significantly from the $16-ish level.

That said, as time goes by and the Bitcoin network remains non-exploited, my confidence in it grows. Additionally, as Bank of America makes shifts to co-mingles their derivatives wing with FDIC wing, as MF Global blows up and steals customer accounts, as the US Fed intervening to save counter-party banks in Europe, etc, etc, my desire to be rid of anything which can be easily stolen increases and so to the amount of my net worth that I am willing to risk with Bitcoin (which I consider to be very risky, but a very useful thing to have in the event of bank holidays and capital controls.)

cypherdoc

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i have a major chunk. thats all i'm willing to say.

more relevantly, i traded in most of my gold and silver for Bitcoin and continue to be happy i've done that.

the real gains in Bitcoin are yet to come.

BrightAnarchist

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Quote from: DeaDTerra on December 05, 2011, 02:43:12 AM

I have about 10% of my wealth in forms of pure Bitcoins, but if you count having stocks in for example GLBSE that have been purchased and traded in Bitcoins. Then it's probably closer to around 50%.

Yes I would include those since they're bitcoin denominated

cypherdoc

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Quote from: westkybitcoins on December 04, 2011, 11:40:05 PM

This made me realize one of bitcoin's advantages over other asset classes: it's the most liquid. Up until now I'd not really considered it too seriously as a store of wealth (volatility, newness, etc.) but I might rethink that because of the incredibly high liquidity... in a sense, bitcoin is liquidity made manifest. It beats precious metals, as you don't have to physically meet with the other party to deliver it. Even cash is usually trapped in a bank, subject to some degree to their whims.

And as outlets for exchange and use increase, it only gets better. Hmm.

I think I'll be upping my %.

d*mn those speculators providing all this liquidity. how dare they put their interests ahead of real honest to goodness merchants! Wink

DeaDTerra

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I have about 10% of my wealth in forms of pure Bitcoins, but if you count having stocks in for example GLBSE that have been purchased and traded in Bitcoins. Then it's probably closer to around 50%.

westkybitcoins

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Firstbits: Compromised. Thanks, Android!

This made me realize one of bitcoin's advantages over other asset classes: it's the most liquid. Up until now I'd not really considered it too seriously as a store of wealth (volatility, newness, etc.) but I might rethink that because of the incredibly high liquidity... in a sense, bitcoin is liquidity made manifest. It beats precious metals, as you don't have to physically meet with the other party to deliver it. Even cash is usually trapped in a bank, subject to some degree to their whims.

And as outlets for exchange and use increase, it only gets better. Hmm.

I think I'll be upping my %.

Technomage

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Affordable Physical Bitcoins - Denarium.com

I have close to 10% invested in BTC. I still rely more on traditional assets such as gold because Bitcoin is too small, too volatile and too risky. But as time goes on it's very possible that I'll increase the amount of wealth I keep in Bitcoins. It has all the properties of a great store of value once the market is a bit larger.

Internet151

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I have over 90% of my liquid wealth in BTC currently.

BrightAnarchist

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Quote from: jimbobway on December 04, 2011, 05:15:28 PM

I plan to set aside a portion of my paycheck for bitcoins. Maybe 20% of each paycheck.

I am doing the same thing

jimbobway

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I plan to set aside a portion of my paycheck for bitcoins. Maybe 20% of each paycheck.

Als Pawnshop

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I voted 50%+ LOL but that kind of depends what you mean by "liquid". My BTC >> Cash+Gold+Silver.... but I have plenty of other assets; not sure if you'd consider them liquid. And if you have debts do you subtract that from your liquid assets? In that case I'm well-over 100% into BTC. Embarrassed

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