What Percentage of Your Savings Do You Keep In BTC?

bitconformist

member

Activity: 70

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Quote from: FreeTrade on September 22, 2011, 12:48:03 PM

Quote from: bitconformist on September 22, 2011, 12:05:55 PM

15% in BTC, 25% in ETFs focusing on foreign stocks, 15% in the bank, 10% in gold, 10% in mint-condition MLP pez dispensers, and the rest in a mix of stocks.

Interesting . . . if BTC were to double in value tomorrow, would you rebalance? What if BTC increased 10-fold, it would represent about 90% of your portfolio then.

Odds of that are no higher than of my blue-chip stocks increasing 10-fold.

FreeTrade

legendary

Activity: 1428

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Quote from: bitconformist on September 22, 2011, 12:05:55 PM

15% in BTC, 25% in ETFs focusing on foreign stocks, 15% in the bank, 10% in gold, 10% in mint-condition MLP pez dispensers, and the rest in a mix of stocks.

Interesting . . . if BTC were to double in value tomorrow, would you rebalance? What if BTC increased 10-fold, it would represent about 90% of your portfolio then.

badger4life

newbie

Activity: 14

Merit: 0

I guess 100% since I don't have any savings, instead I have children Grin

At the moment I have .0205 bitcoins in my...

Quote

savings account

bitconformist

member

Activity: 70

Merit: 10

15% in BTC, 25% in ETFs focusing on foreign stocks, 15% in the bank, 10% in gold, 10% in mint-condition MLP pez dispensers, and the rest in a mix of stocks.

Swishercutter

full member

Activity: 210

Merit: 100

Quote from: Ayo_4_Yayo on September 22, 2011, 11:28:03 AM

Quote from: Swishercutter on September 22, 2011, 10:56:23 AM

Quote from: Ayo_4_Yayo on September 22, 2011, 10:27:51 AM

Quote from: mb300sd on September 22, 2011, 03:02:09 AM

If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.

It's Bitcoin not Bytecoin...a Bytecoin would be 8 bits.

It's a typo stop whining already sheesh Roll Eyes

Just thought maybe you bought in when they were worth more. Wink

Ayo_4_Yayo

newbie

Activity: 42

Merit: 0

Quote from: Swishercutter on September 22, 2011, 10:56:23 AM

Quote from: Ayo_4_Yayo on September 22, 2011, 10:27:51 AM

Quote from: mb300sd on September 22, 2011, 03:02:09 AM

If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.

It's Bitcoin not Bytecoin...a Bytecoin would be 8 bits.

It's a typo stop whining already sheesh Roll Eyes

Swishercutter

full member

Activity: 210

Merit: 100

Quote from: Ayo_4_Yayo on September 22, 2011, 10:27:51 AM

Quote from: mb300sd on September 22, 2011, 03:02:09 AM

If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.

It's Bitcoin not Bytecoin...a Bytecoin would be 8 bits.

Ayo_4_Yayo

newbie

Activity: 42

Merit: 0

Quote from: mb300sd on September 22, 2011, 03:02:09 AM

If you count my GPUs that haven't paid for themselves yet, about 50%

Trust me when I say you're never going to make a profit if you deduct all expenses made before you even began mining bitecoins. Look at this way, its exactly what Milton Friendman said: "when you invest money to make more money, its a bet but you gotta be sure that bet is somehow better than a casino" and I totally agree with that. Still, even if you disregard (at your own risk!!) what Friendman said, you have utilities bills and costs to keep your rigs running. It costs a lot of monies and I don't see where the major profit's gonna be if bytecoins remain near their $5 level as we speak.

Richard Rahl

newbie

Activity: 56

Merit: 0

0.5%

Anything more would just be silly.

nmat

hero member

Activity: 602

Merit: 501

If you are putting big quantities of money into Bitcoin (more than you need to buy stuff with it), then you are investing, not saving. You only invest what you can afford to lose, specially with high-risk stuff such as Bitcoin.

Swishercutter

full member

Activity: 210

Merit: 100

Quote from: FreeTrade on September 22, 2011, 06:24:06 AM

Quote from: Swishercutter on September 22, 2011, 05:49:00 AM

What are savings?

Gosh, yes, that's worth a definition. Percentage compared against net worth is probably a better question.

What's your approximate percentage of Bitcoin holdings (+rigs, btc related investments) compared to (Total Assets - Total Liabilities).

Oh...then 100%

FreeTrade

legendary

Activity: 1428

Merit: 1030

Quote from: Swishercutter on September 22, 2011, 05:49:00 AM

What are savings?

Gosh, yes, that's worth a definition. Percentage compared against net worth is probably a better question.

What's your approximate percentage of Bitcoin holdings (+rigs, btc related investments) compared to (Total Assets - Total Liabilities).

Swishercutter

full member

Activity: 210

Merit: 100

What are savings?

cbryant23

newbie

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I'm right about the same level I keep it at 1.5 most likely gonna move to 2

mb300sd

legendary

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Merit: 1000

Drunk Posts

If you count my GPUs that haven't paid for themselves yet, about 50%

FreeTrade

legendary

Activity: 1428

Merit: 1030

I'll start -

1.5% of my savings is in BTC.

Considering it as a new method of payment - it's revolutionary, solves many problems and removes many pain points.

As an investment, it's a high risk / high reward vehicle. I tell friends it's a little like buying a lottery ticket, but with much better odds.

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