Topic: Would you store all your wealth in BTC? - page 5. (Read 4854 times)
Its never a good idea to keep all your eggs in one basket.
Everything I get in crypto stays in crypto and everything I get in fiat stays in fiat - tend not to convert between the 2 - but that's just me.
Hell no... As soon as I get a significant amount of bitcoin, I cash out to precious metals...
But that's just me..lol I respect bitcoin, I just don't trust myself not losing it somehow.
I do like to gamble....
i would not.
It's the "all-in club thread" .... i luv it.
It has come up before but i imagine the membership is growing.
Swing for the fences!
All-in.
It has come up before but i imagine the membership is growing.
Swing for the fences!
All-in.
All my wealth is in Bitcoin, though all of it has come from mining and trading. For the past two years I have been living in a dirt cheap apartment, eating noodles, and barely going out. I'm extremely fiat poor but have resisted any temptation to sell my coins.
I'm now trying to decide how I'd like to retire.
I'm now trying to decide how I'd like to retire.
God bless, sound like me.
All my wealth is in Bitcoin, though all of it has come from mining and trading. For the past two years I have been living in a dirt cheap apartment, eating noodles, and barely going out. I'm extremely fiat poor but have resisted any temptation to sell my coins.
I'm now trying to decide how I'd like to retire.
I'm now trying to decide how I'd like to retire.
I wouldn't close my bank accounts just yet. I still need them for paying bills and getting my wages.
Besides... my bank pays me for movingmoney fiat currency around the few accounts I have with them, as long as I don't overdraw. My credit card pays me interest on the amount I owe them as long as I pay on time.
It's like Homer Simpson and the devil's donut, as long as you don't take the last bite....
Of course, none of the above is effective against the level of inflation we are experiencing. Who am I fooling....
At the moment, I hold 50% of my purchasing power in crypto. 40% BTC 58% LTC ~2% other alts.
Besides... my bank pays me for moving
It's like Homer Simpson and the devil's donut, as long as you don't take the last bite....
Of course, none of the above is effective against the level of inflation we are experiencing. Who am I fooling....
At the moment, I hold 50% of my purchasing power in crypto. 40% BTC 58% LTC ~2% other alts.
I have just closed my bank account and made the switch
How do you pay taxes? 
I still use my bank account for all the crap like bill's, council tax and all that. But I have closed my savings and ISA and store in coins. Gets a little bumpy with the ups and downs but I feel that I will get more from BTC than base 1% savings rate before tax.
Couldn't really formulate it properly in the title, I guess storing wealth in intangible goods is stupid to begin with be it USD, BTC or Euros, it is much better to invest into real estate, businesses etc and only keep "change".
But would you make the switch to completely close off all your bank accounts and store all that "change" in BTC?
I have just closed my bank account and made the switch, pretty worried but would prefer to cut my nuts off rather than go back and open one.
But would you make the switch to completely close off all your bank accounts and store all that "change" in BTC?
I have just closed my bank account and made the switch, pretty worried but would prefer to cut my nuts off rather than go back and open one.
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