What is your crypto ratio?
A couple of days ago @ph1102 posted a funny meme into the Liotes discord chat and it gave me an idea for this week's mission. Especially for our community, I believe that crypto takes a more and more important place in our assets and our savings. What part does crypto take in your overall assets? Is it 5%, 10% or maybe you have only crypto, so it would be 100%?
Please give your answer as a comment below this post.
The Liotes Mission
By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the Liotes Ranking.
People who submit a an answer will get 4 credits.
We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.
Liotes
A project run by @ph1102 and @achim03
Resources
▶️ 3Speak
This is a very interesting question!
About three years ago I started reading Nassim Nicholas Taleb. First I read Skin in the Game, and then Antifragile. Now, I know he is not particularly "crypto friendly" but I liked his approach to investing and adopted his "barbell" investment strategy. I have found it both useful and easy to implement.
The barbell strategy is a combination of safe and boring investments and more volatile and risky investments, with nothing in the middle.
I consider all my crypto plays to be volatile/high risk and mitigate the risk by attempting to accumulate without any out-of-pocket investment. I guess my crypto stash accounts for about 7-8% right now.
I think it's safe to say that crypto is rather on the volatile side lol. I also like to have plenty of boring investements and some rather volatile ones. I like also the combination of both like HBD that allows a certain stability within a volatile environment. Especially it's not necessary to send money around to use it.
4 credits added
If you are considering overall assets (like house, cars, 401K, etc.), my crypto holdings only take up a small percentage (maybe 1% or less). However, if you only look at investment assets, it would be more like 30% (I haven't put much into investments until the last few of years).
!PIZZA
Well, 30% of your investment assets is a pretty high percentage! I hope that we aren't the "crazy ones" of these turbulent times... I still believe that crypto is one of the safest assets at the moment...
!LUV
@ph1102(3/4) gave you LUV | wallet | market | connect | <><
4 credits added
PIZZA Holders sent $PIZZA tips in this post's comments:
ph1102 tipped seckorama (x1)
@ph1102(6/10) tipped @benthomaswwd (x1)
moonthumb tipped liotes (x1)
ph1102 tipped proto26 (x1)
You can now send $PIZZA tips in Discord via tip.cc!
I'm basically all in on crypto. To me it's a once in a lifetime opportunity to get in on the ground floor of a brand new industry/technology. I started saving for retirement later than I should have but crypto is making up for it. I'm not worried about the volatility because I'm a HODLer and I am firmly convinced it is here to stay and will only get bigger and better over the next 10 to 20 years.
Posted Using LeoFinance Beta
Welcome, brother! :) :)
Until now, according to the comments, we are the only ones with all-in-crypto! I'm maybe not all, but 99% in crypto... At this moment of time, I would say that every traditional asset is riskier than crypto! But, time will tell if we are right or wrong!
!LUV
@ph1102(2/4) gave you LUV | wallet | market | connect | <><
4 credits added
Crypto makes up about 34.2% of my overall assets right now. However, that is not counting NFTs, just FTs that I've been HODLing.
That's a nice percentage... ;) I also tend to count only fungible tokens and not NFTs, but they can have a lot of value in the portfolio, too!
!PIZZA
4 credits added
Holy WOW! I had to ask: did you get a new microphone??? I can hear you SO much better now! YAY That is a GOOD thing :)
That meme @ph1102 posted was hilarious & I would have a similar response LOL. I pretty much have 40% crypto (or somewhere in that range). Of course, I need to pay rent & bills so the bank account is necessary. BUT having said that, as I see my crypto grow (since I HODL most of it anyways), I am seeing the light at the end of the tunnel. I truly think soon I will be able to pay those bills with HIVE and a few other cryptos I have invested in...
This is very exciting to me, but what is even more exciting is that more & more people are starting to see the potential in HIVE and the crypto universe itself...this is our present & future. As I see the world in its normal chaotic form, it is heartening to see our decentralized platform grow & the use case of the crypto growing... :)
Great question! Have an awesome day, my friend! 💚
!LUV
!HIVE
@pixiepost(3/4) gave you LUV | wallet | market | connect | <><
For once I was alone at home and I was speaking much louder lol.
I totally agree and what is nice about that is that we are already veterans and we have our stakes and are ready for when the masses come :-).
Thanks a lot for your comment!
4 credits added
I still have a decent amount in the traditional stock markets so I would have to say about 10% right now.
Posted Using LeoFinance Beta
I sold all my shares two years ago when the pandemic started. I thought things would melt down lol.
I don't think there is any danger and so long as you come in with a plan, I think you should be fine.
Posted Using LeoFinance Beta
4 credits added
As far as "investments" go, I own three shares of stock in Exodus wallet, and the rest is in crypto.
Almost 100% crypto there. Nice one :-).
4 credits added
My Crypto is only about 1-2% of my investments right now, but I continue to compound what I earn. My hope is to one day have a good 20-30% in crypto. !LUV !LOL
@horstman5(1/3) gave you LUV | wallet | market | connect | <><
lolztoken.com
Fo Drizzle.
@liotes, I sent you an $LOLZ on behalf of @horstman5
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/2)
I think two years ago I was at 1-2% crypto and now I'm about 30% crypto. The great thing is that I didn't invest any fiat into the crypto! The great thing about crypto is that you don't need to buy it, you can earn it!
4 credits added
Since I am just getting started in my crypto journey, my crypto holdings are less than 1% of my total assets. I plan to increase that to a more significate number but it will take time.
I just wrote in a comment to this post that about 2 years ago my crypto assets represented about 1-2%. Now it's about 30% and this increase was all earned not bought! I love this fact about crypto that you can actually earn it!
Wow, that would be amazing if my percentage could increase to that rate as well. Only time will tell. Thanks.
My process from moving from 0 to 99% in crypto lasted 4-5 years... Without rushing into it... ;)
That is great to hear that it occurred without rushing it. I can have hope after all.
4 credits added
Well, if you consider on hand currency, then crypto probably is a decent percent... though, I suppose it also depends if you count things like NFTS in the same vein as assets like our car or house. Probably 10% as a ball park figure either way :D
But, if I consider that almost all of my fiat goes to my wife for house expenses, and the magic internet money is what I actually have to play with, then probably like 60-70% of my personal funds :D
Man it's the same here. My wage covers costs for utilities, insurances and rent and there is not much left at the end of the month. Thanks to the magic internet money, I get some freedom :-)
4 credits added
I'm mostly crypto, with a few months worth of fiat savings to spend if needed and still receiving monthly fiat for now, but a low amount compared to what I make in crypto. I also have a small non-crypto investment and also small investment of crypto-based CFDs (in dollars) which will likely turn into something else after the bear market starts. If I account for my house, private retirement funds (not really significant), and other physical assets things are more balanced atm. But getting squeezed towards crypto by the day.
I'm getting pressured from part of my family to buy an apartment with crypto holdings sooner rather than later and rent it out. I don't like doing this IRL because there are all sort of stuff to take care of, things that break to fix, and so on but I might just do it at some point (if they take care of this stuff!) to get them off my back, lol. Then non-crypto holdings will bounce up again.
I have the same problem here. Each time I tell my wife how much my SL cards are worth she says "sell them and let's buy a flat". I agree with you in this respect renting out things isn't that easy and you get a lot of problems that you don't have with SL lol
I will comment the same thing as @achim03... I have to admit that I wasn't forced by others to think in that way, but I did it myself... It was kind of my goal to accomplish, but as I'm close to doing that, I have more doubts about it...
A few days ago I was thinking in loud about that... For example, spending 100K EUR for an apartment, if I'm lucky I can get a return of 5K per year (or less, depending on taxes, repairs, maintenance), which isn't that bad... Prices of real estate will continue to grow, especially with all this inflation, etc...
But... On the other side... Knowing that I can turn this 100K to 110K (minimum, invested in stablecoins... probably much more than 10%), it's hard to make a decision and buy real estate... :)
Just my 2c... :)
!LUV
@ph1102(2/4) gave you LUV | wallet | market | connect | <><
That's precisely why I'd rather not do that. Besides the hassle with the real estate. But maybe it won't be that terrible to diversify a bit outside crypto. I imagined this moment at least a few years down the road, but we'll see... Sometimes it's ok to listen to others, even if you think they are wrong. Maybe you are wrong and not them. I'm talking about my situation here.
Even if we are on the same page, we should diversify ourselves into other non-crypto assets... Maybe it looks like a loss at this moment but will be a huge gain in the future... You never know... :)
Btw. I'm not convincing you to do something, but more convincing myself to "sacrifice" part of the earnings for the sake of diversification (thinking in loud...lol)... :)
4 credits added
Hope I'm not late 😁
I am not actually 100% in crypto, due to diversifying my investments, but my investments in crypto are increasing.
If I make a shortcut, I am now somewhere around 50% in crypto (which again is not just on one side, but just as spread around).
The interesting thing is that I haven't actually invested anything in crypto for the last few years (well a little bit here in Hive) but the stake I had from before in crypto has increased so much that I am now somewhere around 50% of everything. 😎
That's what I like about crypto. You don't have actually to buy it you can earn it :-). We are all building our future fortunes here !
It's amazing how some good decisions in the past can grow through time! I had a similar experience... My crypto portfolio was in cents and the only thing that I have to do is to HODL... :)
!PIZZA
Exactly! 😎😁
!LOL
lolztoken.com
Well, it is more of a rap really.
@ph1102, I sent you an $LOLZ on behalf of @seckorama
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/4)
4 credits added
If we are talking savings it's 90% at least in crypto in one way or another.
I am seeing more and more stories of people living off just cryptos.
Oh, yes... It's nice to see those stories and I'm very close to getting there soon... ;)
!PIZZA
Absolutely that is great my friend that is defo a goal of mine
Have the best day mate @ph1102
4 credits added
Thanks @loites much appreciated :)
Since I rely mostly on my husbands income I would have to say that my crypto is about 50% of my assets.
That's a nice amount already :-)
4 credits added
Thanks!
I'm not quite all into crypto so it's like 40% to crypto, 40% to my online store, 20% to real investment.
Yeah, crypto is quite high and good for investment. But, as the real one. Money needs to be divided into some sources. So, when one is in the down position, another source will help to stabilize it.
You are right it's good to have a certain diversification to compensate market movements.
4 credits added