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.
Yes that true, for me the smartly way of securing our future is to divide our income in investing to bitcoin/crypto-currency, some of you income will be for business, and save a fiat for financial needs. In this strategies I can make sure that the future is secure. It is because like what you said that if bitcoin will crash atleast you have another source of income, and incase that crypto-currency price is low you have an alternative source of funds for unexpected matter.
You are right probably. This is the case everyone faces out there. Basically, people find it as the best of all available digital currencies and therefore they think that its better to convert all their belongings in the form of BTCS and save them in their wallets.
But the reality is that how could anyone be as fool to rely on something that has no permanent value I dont do this. I keep most of my money in the form of fiats and have a limited thought about having BTCs.