Post
Topic
Board Trading Discussion
Re: Dividing your salary.
by
orions.belt19
on 02/10/2017, 04:41:10 UTC
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.

Even if I believe that bitcoin is a good investment, relying on crypto too much is risky and dangerous. You should still leave some of your savings in fiat currency. We can never say what the future will be and if ever a market crash happens you would lose all your savings. Even if we want to stay positive and believe that Bitcoin will continually be strong, we must always have a back up so don't convert all your fiat savings into crypto just yet.