Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
12345mm
on 14/02/2015, 08:46:12 UTC
Quote from: el_rlee on February 14, 2015, 08:31:13 AM
Quote from: shmadz on February 14, 2015, 07:52:20 AM
Quote from: 12345mm on February 14, 2015, 07:40:54 AM
Quote from: GreekGeek on February 14, 2015, 07:33:48 AM
looks like there is still plenty of cash in the sidelines

i'm personally 10:1 / cash:btc which is my maximum risk level in i'm willing to go ... nice to have scraped the latest bottom but no way i'm putting more in at this point ... just watching the gains now and looking for the eventual cliff dive ... hoping for sunshine preparing for rain ...

Interesting.

I'm the opposite, ten to one bitcoin to fiat.

One man's risk is another's safe haven I suppose.

I would say the US dollar is one of the worst places to park your wealth, I am sure many in this forum agree. What about some gold and silver?
By the way, what taxes do you have to pay in the US when you buy silver? It's the full VAT in EU, so 20% in my case  Shocked

I certainly do not have most of my wealth in usd ... maybe i was not really clear with 10:1 - 20:1 - all fiat as my cash/btc balance ... fiat/btc makes up less than 15% of my net ... with basically the last year spent shielding myself from losses in btc by being mostly/all fiat switching in and out as seemed appropriate to do ... the rest is tied up in real estate gold silver diamonds guns bonds and exxon stock ... overall btc makes up like 2-3% of my net ... it's obviously highly speculative so ... yeah ... that's a good conservative ratio for me ... i'll not be getting extremely wealthy from btc but i'll not be losing my ass either ...