Sitting there today, looking at the dip, and thinking "is there any coin you want to buy currently?" I started to look in earnest how much of my "net worth" is in crypto, and whether it's a comfortable amount (spoiler: it is).I'm 37, with about $40,000 (Australian dollaridoos) to my name. No mortgage or assets, basically I pays my rent and my bills, and my salary comes in each month.Probably getting used to the idea I won't be able to get on the property ladder.Anyway, I pondered this today. I have about $11k in Cryptos (probably half in bitcoin, and the rest scattered around altcoins where I believe the technology is good), which makes it about 25% of my savings.That's probably right by me. It's below the threshold "I could afford to lose", and below the threshold I might need to convert it to Fiat out of need or emergency.Frankly, I figure it's the comfortable level, for the money I have. I exited the stock market in June (sorry Buffet, although I'm sure my small contributions did not send shockwaves through the economy), and other than adding a small amount ($100) each week, I don't think it's the right time to invest that way.As I said, no mortgage or appreciable asset to my name. Or kids!And so the rest (let's call it $25,000) is in my bank account earning 1%. (Edit: This is only a temporary affair after pulling out of stocks, and deciding where to go next as the world wobbles).Anyway, that's my story, and I've decided I'm comfortable with 25% (no more) of my savings in crypto - again largely because there's no compelling alternatives, and bank interest is very bland.I wouldn't go much higher, but I am fairly comfortable to have moved that amount over in the last two years, and on the whole it's appreciated as a store of value by about (napkin maths) 10%.Just curious on other people's thoughts?
Submitted September 22, 2020 at 06:48AM
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