Topic: Would you store all your wealth in BTC? (Read 4835 times)
I have seriously considered cashing out my 401k, taking the tax hit in the process, and put it all in Bitcoin (well over six figures), but that chance of BTC going to zero is a real possibility. I can't gamble my retirement on it. I may not be rich when I retire, but I will have something to maintain my lifestyle…. at least until the dollar crashes, then all bets off
I won't make the switch because I just couldn't live without bank accounts and credit cards. I may have a busy lifestyle, but there are things I need that BTC simply can't provide.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
You can buy plane tickets, buy (some) stocks and receive payment in BTC.
There aren't many stocks to buy (just some mining companies and casinos), and it's quite difficult and insecure. I hope more businesses make investing as easy as for example Just Dice.
I won't make the switch because I just couldn't live without bank accounts and credit cards. I may have a busy lifestyle, but there are things I need that BTC simply can't provide.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
You can buy plane tickets, buy (some) stocks and receive payment in BTC.
yes, all of it 
Quote
Would you store all your wealth in BTC?
yes
I won't make the switch because I just couldn't live without bank accounts and credit cards. I may have a busy lifestyle, but there are things I need that BTC simply can't provide.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
Of course not, I prefer having productive assets. I hope investing bitcoins becomes easier in the future. BTC stock exchanges are a joke now, I don't know how many no longer even exist.
madmadmax I would love to store my wealth in bitcoins as they may earn me huge profits. In fact I already own large proportion of my wealth in bitcoins and never sell in panic when prices fall but instead buy more bitcoins as I know it shall bounce back soon.
Gold is a good storage medium of wealth, but Bitcoin is superior when transferring wealth between different countries.
You probably don't want to ever show up at an airport security checkpoint with a suitcase containing gold coins or having them taped to your body.
And most (or all) people still need fiat currency for purchases, and banks for documented income and expenses.
So diversification is useful.
You probably don't want to ever show up at an airport security checkpoint with a suitcase containing gold coins or having them taped to your body.
And most (or all) people still need fiat currency for purchases, and banks for documented income and expenses.
So diversification is useful.
The idea of putting all of your eggs into one basket is a scary one. A diverse portfolio has always worked well in the past for investors for various reasons.
My all time favourite portfolio item will likely always be physical gold and silver (actually holding the currency, not on paper).
My all time favourite portfolio item will likely always be physical gold and silver (actually holding the currency, not on paper).
My bad - sorry for accusing you of spamming - it just seemed very off topic - and self promoting.
If you are comfortable using water to measure the specific volume of coins, go for it. Watch out for errors caused by surface tension. And don't get the computers wet.
I don't have any affiliation with the link I provided, but I have used it in the field, and it works.
But the digital scale and digital micrometer communicate that you are precise and careful.
I don't have any affiliation with the link I provided, but I have used it in the field, and it works.
But the digital scale and digital micrometer communicate that you are precise and careful.
I still have some reasons to have bank accounts.
But I have never established any links to or from those accounts and Bitcoins.
I also do not establish any links to or from bank accounts and gold coins.
If you buy and sell gold coins you need a digital scale, and a way to measure diameter and thickness.
This works
http://www.goldcoinbalance.com/ $24
or
$25
and
$17
But I have never established any links to or from those accounts and Bitcoins.
I also do not establish any links to or from bank accounts and gold coins.
If you buy and sell gold coins you need a digital scale, and a way to measure diameter and thickness.
This works
http://www.goldcoinbalance.com/ $24
or
$25and
$17Archimedes displaced water didn't he - that would save me $17. Nice bit of spam.
I still have some reasons to have bank accounts.
But I have never established any links to or from those accounts and Bitcoins.
I also do not establish any links to or from bank accounts and gold coins.
If you buy and sell gold coins you need a digital scale, and a way to measure diameter and thickness.
This works
http://www.goldcoinbalance.com/ $24
or
$25
and
$17
But I have never established any links to or from those accounts and Bitcoins.
I also do not establish any links to or from bank accounts and gold coins.
If you buy and sell gold coins you need a digital scale, and a way to measure diameter and thickness.
This works
http://www.goldcoinbalance.com/ $24
or
$25and
$17The funny thing is that there are nearly no people that would store all of their "change" in BTC yet people keep complaining about early adopters being rewarded disproportionately...
I have a friend whom I am trying to convince to buy a few bitcoins but ... oh no ... he doesn't like he fact that early adopters get higher returns!!!!
Foolish him!
I have a friend whom I also tried to convince to try and get a few bitcoins but he wouldn't because a "whole bitcoin was just too expensive". That was when it was going from $800, then $900, then 1100. Now he probably thinks I am dodgy.
The idea that you have to buy an amount that is an integer is misguided - its about direction not price.
I won't put all I have in bitcoin. But I won't mind putting around 25% of my wealth in bitcoin.
The funny thing is that there are nearly no people that would store all of their "change" in BTC yet people keep complaining about early adopters being rewarded disproportionately...
I have a friend whom I am trying to convince to buy a few bitcoins but ... oh no ... he doesn't like he fact that early adopters get higher returns!!!!
Foolish him!
I have a friend whom I also tried to convince to try and get a few bitcoins but he wouldn't because a "whole bitcoin was just too expensive". That was when it was going from $800, then $900, then 1100. Now he probably thinks I am dodgy.
The funny thing is that there are nearly no people that would store all of their "change" in BTC yet people keep complaining about early adopters being rewarded disproportionately...
I have a friend whom I am trying to convince to buy a few bitcoins but ... oh no ... he doesn't like he fact that early adopters get higher returns!!!!
Foolish him!
I'm getting the impression here that lots of people on this site have no existing wealth.
Yeah, too young. When they've fought for 20-30 years to accumulate wealth their attitudes will change. Why would I ever have have an IRA when I can always invest it all in Beanie Babies. lol
Or Crypto Beanie Babies - not them old fashioned fiat beanie babies issues by a central authority.......
not all but a larger part 
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