How much of your net worth should be in #Bitcoin? 🤔
My situation right now is about 50 %. But i am only a bitcoiner since 2021 👶 and my overall net worth is not very high unfortunately 😅.
#asknostr
Discussion
The amount that makes you feel comfortable.
Like every other investment.
Honestly, i don’t see it as an investment anymore… for me it’s more like the secure space to store value. I am only not 100 % in, because i need fiat savings in case i have to cover bigger expenses. Because i do not want to sell any btc for it.
I dont know what it should be, but I personally moved around 80% of my funds into bitcoin. The rest are in various other coins. Also didn't sell any property for bitcoin, don't wanna upset my family 😂😂
Wow, 80% is great 💪 aiming to get there as well.
What about the remaining 20%? Do you mind to share in what form you keep that? Cash? Stocks? Real estate? …
Around 10% are in cardano
The rest 10% are in various other coins such as polygon, doge, etc. I keep trading these they go up or down. I only own couple of stocks and am just buying my first house, so all my funds are essentially in crypto. Decided to go all in at the last bitcoin bottom and I plan to keep going until my neighbour starts talking about buying bitcoin 🤣🤣 then I will probably start selling 10% every week until I have 25% left. No idea if that is a good strategy or not, but my end game is to buy even more btc at the next big drop after that.
Wow all in crypto 🫨
Thanks for sharing mate 🫂💜
I know that market timing is extremely harf to do, but seems like you are not trying to hit the top or the bottom but rather scale in and out with the waves
Correct. Time in market is more important than timing the market for me. Also I don't believe in forever hodling, at least not yet. Fiat is still a significant factor in any investment. I never plan on selling all of my btc tho.
All in crypto strategy really requires some calculating tho... For example I had to sell assets for fiat when I got the down payment for my house. But it was fine, I just chose coins that had made profit and which I thought were essentially shit coins (sold most of my BNB for example).
That’s exactly what i meant. Thanks for the detailed answer … so you say it is possible 😅
Do real estate counts? Because I want to own a house/flat I live in. Without real estate it’s 95% for me. Some gold and silver and that’s it.
Sure it counts. Even your car would count as net worth if it is valuable 😊
How do you go about bigger bills that might occur, maybe for maintaining the house/flat? Would you save for that in btc? 🤔
be fiat net worth negative
be btc net worth positive
(if you have income)
Does this net worth include everything like properties, cars, computers? If yes, great job! 50% after 2 years isn't bad at all. Don't push it up too hard, just DCA and keep educating yourself and people around you.
The 50% will one day become 90%, consider spending some larger amount on whatever you desire or need.
It’s about everything valuable i have. My car is not that valuable unfortunately 😅 just a means of transportation.
I am really thinking hard about going all in. Or almost all in like 90% because it might me the last chance before the upcoming halving 😱
But i don’t want to put me in a situation where i would be forced to sell my btc 😬
You're experiencing FOMO. If you're thinking hard, think about two, scenarios. BTC = $0 & BTC = $moon.
Now change the holdings to 60/40, 70/30, 80/20, 90/10. How will you feel? Will you be able to carry on with your life when the price moves one way or another? Deal with a disaster?
Don't do 100%, unless you're living in #ElSalvador or at least in a country with zero tax policy on #Bitcoin.
Not forced to sell your #BTC, use your savings what it is designed for.
Oh mate, that’s really a helpful thought! 🙏🫂💜
I will contemplate on this deeply. Thanks for such great input! 🙏
🫂
Thanks again nostr:npub1grk0tx6kqzvp86jvxzqmr8va2f0hdklj2xj6qwymf04z0saxhx8svlelrn 🙏🫂💜
Calculated some scenarios with your great advice and i found that the 50% allocation is a risk model i feel quite comfortable with 😌
Glad to see that you were right all along.
Don't let anyone to tell you what to do. We all have different circumstances. It's always about what works for you. Keep DCA and enjoy the ride. Once your situation dramatically changes, reevaluate again.
Whatever you do, don't try to get rich quick. Don't leverage - borrow fiat to buy #bitcoin, don't bet on shitcoins - the majority of gamblers ends up having less #sats.
If you feel like FOMO again, find a way to earn more fiat and up your DCA game. Selling things you don't need, working overtimes or having a second job are quite good ideas for the next (hopefully a couple of) year(s). 🤙🫂💜
Nice thread here 🧡
Always have some cash saved in case. Have a job, look for better job. DCA with an amount that still lets you to experience life, when you plan for big buys have halvings in mind. Invest in yourself, keep learning so if somehow we all fuck up and #Bitcoin fails, you will still have your skills. I think buying an apartment/home to sell eventually is always a risk, but owning one is something big and something you can pass to your children.
4 year cycles are huge, use all the information you learned in previous cycle, stack and be smart. If we right, we gonna win. But we don’t know when that will happen, nobody knows. When Bitcoin moons thinking that pain can happen at any time and can last for a long time is good exercise before the next bear market.
Wow, so valuable input 🙏🫂💜
Thanks mate
Yeah the fomo hit me quite hard today 😅
Great advice 🙏
I am ptetty much already doing all the things you suggested 😅
There were only few times in my life when i had the strong feeling that i have to do something. Almost like i was forced too. One was writing a book. The second was getting divorced. And the third is right now. Something tells me deep inside that i need to stack sats as hard as i can.
Btw the first two turned out to be the best things i have ever done so far 😅
That's OK. They won't be able to rise them forever. They are addicted to the money printer. To use it again, they have to go low again.
#Bitcoin teaches you low time preference.
Lol! 😏 Oh, Buddy! I've been at well over 90% for awhile, now!
Respect 🫡
How do you handle bigger fiat expenses? 🤔 sell btc for it?
And what are the remaining 10% if you don’t mind to answer? 🙏
It will depend on numerous factors such as your risk tolerance, the level of disposable income you can generate, debt if any etc..
Bitcoin is a beast and over exposure to it could be a violent.
[800457]
Wise words 🙏
Honestly, you are a inspiration to me 😅 you always seem to have pretty good priorities and balance your financial situation around that. At least that’s my impression after the few conversations we had 🫂💜
Let me elaborate.
I keep barely anything in my bank account. I keep it all in cash. I only deposit when I need to pay monthly bills. Great way to avoid paying taxes. I've had a set amount of cash stashed away for years. Calculated how much annual bills average out to help dictate how much I can spend. Simple. 👌 Any other questions? NEVER SELL BTC!!!
Thanks for elaborating 🙏🫂💜
Great tactic, great advice 💪
Lol! Fuck taxes, bro! 😎🖕
So true …. so sick of taxes …
Have to think about this now:
https://www.adamsmith.org/blog/miscellaneous/the-tax-poem?format=amp
This is such a great question! Hopefully, it inspires people to sit down and total up their net worth. It's a great exercise, and I usually discover that I have more than I thought I did.
I think the answer to your question can be determined by playing out probabilities of outcomes. For each probable outcome, you should have an investment. There are infinite probable outcomes. Here are some examples.
Do you think regular commerce will be happening with Bitcoin in the next 20-40 years? Buy Bitcoin.
Do you think there will be an economic collapse in your currency/region? Buy some coins of precious metals.
Is there a good chance we will be corralled into using electricity for most of our energy needs? Buy LiFePo batteries, and something to charge them with.
Do you think it's possible that all headlines are distractions, and that "business as usual" may continue with its ups and downs? Buy some stock, learn options, and all related disciplines.
When you have enough investments to buy real estate. Buy real estate. There are smart and dumb ways to do it, and plenty of opportunities. Until we terraform, it's as limited as Bitcoin.
Thanks for the great answer 🙏🫂💜
Good reasoning… the thing i don’t like aboit real estate is that it has to be maintained and always comes with obligations 😬
Bitcoin is like real estate without the obligations for me 😅
Whatever a Pleb is comfortable with so as not to have to sell it
There is no easy answer. You should store every value in Bitcoin that you don’t need right now
💯🙏
The question is, what is needed 😅
Depends on the total of your net worth, where you are and when, if you have income flowing from your capital and if you have a partner that co-owns your property.
But I think the most significant is this:
If you buy some bitcoin, say 1% of net worth, and hodl for a long time your allocation will automatically become the bulk of your net worth.
That’s a calming thought 😌
Getting of zero is key. The longer you HODL, the larger a percentage of your net worth it becomes.
50% is a GREAT place to be at this point.
Stay humble. Stay solvent. Stack sats.
Way better advice than apeing in more than you can afford.
Thanks mate 🙏🫂💜
Very reasonable advice and helpful thoughts.
I think the fomo is really strong in this one today 😅
Good day 😉💜🫂
at least 69%