Quote from: jaberwock on April 20, 2021, 08:29:46 PM

Quote from: thecodebear on April 13, 2021, 01:30:53 AM

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.

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?

Anyone else gone full bore into crypto as I have?

Well, I am finally there with you. I do not have many fiat, and the ones I have will go straight to spending, which means I do have fiat time to time but it is very quick, whenever I need it, I just cash out and pay whatever I have to pay and rest is still in bitcoin so I am always at 100% except few minutes.

I do not see the point of having money in my bank account anymore, I do have some cash because I may need it, not like I can live without any cash in this world unfortunately, but aside from that I have literally zero money in my bank account now (okay few cents but I couldn't withdraw that) so I can clearly say that I am full on 100% bitcoin aside from some cash here and there, and I keep all my income in bitcoin as well until I need it. It is really a freeing feeling as well I just feel like it is going to be so much easier this way if bitcoin keeps being this awesome.

Which is at it should be, if banks want people to deposit money with them then they need to give them a reason and when fiat is being printed at the rates we are seeing and many banks are not offering you any interest rate for having your money with them and many banks are now charging you money for the privilege of having your money in the bank then why bother?

It is better to have it in an investment like bitcoin which not only offers a lot of profits but freedom that you cannot get with any other investment, so when we think about it in this way it makes no sense to hold fiat, with the exception of having some fiat around for your expenses and some emergency in the case something bad happens.