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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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2083258 No.2083258 [Reply] [Original]

Is it reasonable to have 50% of your savings in cr*pto?

>> No.2083268

>>2083258
Probably not but I do.

>> No.2083281
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2083281

>>2083258
>tfw you have 100% of your life savings in crypto

>> No.2083291

>>2083268
This.. Wasnt planned but it went up that far

>> No.2083300
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2083300

>>2083258
I allways have my disposable income in crypto and use kraken as a fucking bank account when I need the money.

>> No.2083320
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2083320

I'm tempted to throw in a few more grand since I need BIGGER NUMBERS!

>> No.2083336

>100% here
all eth, what are you doing anon?

>> No.2083353

No, its fucking stupid.

But Im also guilty of it.

>> No.2083357

Depends on how old you are really, but assuming you're under 30 yeah its fine.

>> No.2083372

>>2083357
23, most of my savings just lie in the savings account with barely any interest, like 0.something%
I don't need much liquid money so far plus I get some free monies from the gubbirnmint as long as I'm at uni
currently have 25% in crypto but maybe I'll just go for 50%

>> No.2083374

>>2083258
I don't put saving in crypto. I put half of my monthly pay check into it. Over 15k so far. Net 95k.

>> No.2083411

>>2083372
As long as you have six months or so of expenses in savings you're fine. Crypto could potentially go bust(though I really doubt it) but even if it did you're young and can easily bounce back, particularly if you get a highly demanded degree and make sure to network and such. Meanwhile the upside is potentially huge and life changing.

>> No.2083544

>>2083258
Nope. I had about 30% in crypto.

Now I have 66%.

Oh well.

>> No.2083553

I have virtually all of it, but have been slowly bringing it down to earth. Would like to get it to like less than 10% eventually, but I'm just skimming profits off the top and moving them into traditional investment vehicles instead

>> No.2083609

Yes, if its BTC.

>> No.2083617

>>2083258
Anything less than 100% is a problem.

>> No.2083653

>>2083617
This

>> No.2083837

>>2083411
I'm a translator so I doubt it's very highly demanded
But yeah I have money for half a year and I'll be seeking a job soon after graduation. Plus I like with my parent and won't move out until I have a stable job.

>> No.2083842

>>2083837
Live*
Time to sleep

>> No.2083858

>>2083258
yes its fine to have $100 in crypto