Post
Topic
Board Speculation
Re: I just realized I'm 99.9% crypto and 0.1% in fiat
by
LogitechMouse
on 13/04/2021, 12:02:01 UTC
I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.
I know that putting most of your money in crypto is a good idea since we are in a bull run but what will happen to you if the bull run ended and the bear market starts and your money are still into crypto?
Cashing out or taking profits isn't a bad strategy especially if you are happy with the profits that you have. As for me, I will take profits gradually until I reached the point where I already cashed out already. I will hold some Bitcoins and other altcoins still but will cash out a huge portion of it overtime.

But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand? Smiley Anyone else gone full bore into crypto as I have?
Right now, I'm 90-10 with crypto at 90% and fiat at 10% but in the next months like I said I will gradually take profits and put some into fiat so in case the bear market will happen I have some fiat to use to buy cryptos Smiley.