I am a novice in all of this cryptocurrency stuff. Welcome! It is interesting to hear what you are saying. Clearly you are a huge believer . My question is, what percentage of your wealth is tied up in bitcoin? And what percentage of our wealth should be tied up in bitcoin? The answer to those questions is very different. What percentage of your wealth should be in bitcoin? That was my second question. A percentage that is equivalent to your understanding of how the technology works, and your ability to absorb the risk that it entails; for most people, that is a very small percentage. To your first question, what percentage of my wealth is invested in bitcoin. I think using the word "wealth" is...
a bit of an exaggeration. I did this job for free for two years. I am still digging out of the hole of debt that created. not really wealth, but my small savings are 100% invested in bitcoin. I actually have a tiny bit of debt in dollars that I am still trying to pay off, so it is more than 100% in bitcoin. I would like to emphasize, again, that this is not a recommendation to invest! I haven't invested my money in bitcoin, I have invested my career, my intellectual capacity, my creative energy, my passion, and my work in Bitcoin. The money is the investment I made. I could lose all of it and still have everything else. You should invest as little as you are willing to lose in a very volatile market. That may mean five quid per week. A very good piece of advice, which I've heard from many people, is to dedicate two cups of Starbucks a week, or one pack of cigarettes.
Take something from a negative habit, and put that into bitcoin. Just to play around, see how it works, experience it, use some wallets, do some transactions, see if you like it. Should the percentage depend on which country you live in, volatility of ? Absolutely, it depends on which country you are in. , I'm talking primarily for this audience. But if you are in Argentina, any percentage of wealth you put in bitcoin did far better than , every single year in the last seven years. Even in the worst years of bitcoin, somehow Argentina's economy was doing worse. That applies to Zimbabwe, Venezuela, and a whole bunch of other places. If your country is experiencing 45% inflation , the crazy volatility seems like a rock-solid investment. .
