Quote from: offlinedragon on September 29, 2017, 07:42:19 AM

Quote from: Zadicar on September 25, 2017, 05:40:02 PM

Quote from: DuaLipa on September 25, 2017, 05:30:27 PM

Quote from: johnwest on September 25, 2017, 05:28:26 PM

I am just trying to convert all my earnings into crypto now. I exchange them to fiat or spend them when I need it. Otherwise, everything will be in crypto, mostly bitcoin and only sometimes it will be in my favorite altcoins. At least 35-40% of my earnings goes to savings.

This is very dangerous, even you like crypto that much, you need to save some fiat currency so that you don't cry if a major market crash happens ever.

Your life would got messed up if market crashes to the bottom and all of your assets or money go all in on crypto and as you said its really a risky and dangerous thing to do.We should always set-aside on savings and prioritize insurances and common needs on our daily living.10% allocation would really be already enough i guess or its still big for me and also this is only the amount i can able to risk.

Risk is the part of every game and in bitcoin t is low as compare to other investments so why not to choose this, so divide and invest some part into it bitcoin is more better than insurance and all other stuffs that say will pay you in hard time but this is the real savior and bitcoin will prove this thing to you when you need it to pay you of.

I must appreciate your logic of reasoning. I think this division of salary is one of the most important and trick thing. We need to do this very much carefully for having better future. I think the best way is to divide your salary into three parts. One for daily needs, second for investment and third one as saving.