Author

Topic: 2013-12-14 FoxNews - Vegas Developer selling $7.85M mansion for bitcoin (Read 1501 times)

member
Activity: 60
Merit: 10
Looks like the guy is looking for some more attention since nobody will buy the house for that many bitcoins
member
Activity: 70
Merit: 10
Nice seeing Bicoin mentioned again but this is probably a publicity stunt from a guy who can't get his house sold at that price and is looking for more exposure.
hero member
Activity: 518
Merit: 500
he should use bitpay. but all in all its a good story for the media.

Sums it up - media "fluff", nothing more than that.
legendary
Activity: 1148
Merit: 1010
In Satoshi I Trust
he should use bitpay. but all in all its a good story for the media.
hero member
Activity: 518
Merit: 500

http://www.foxnews.com/us/2013/12/14/vegas-developer-selling-785m-mansion-for-bitcoin/

Quote
A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he's willing to accept the online currency bitcoin for the deal.  ...

He's got a big risk appetite, but hey, its Vegas baby!
hero member
Activity: 658
Merit: 500
How many people in the world can make an offer like this?

100?  1,000?

Probably 100

However, he pump asking price WAY to high.

I have a family member working as real estate in Vegas, and.... he would be lucky to get $5.5 mill for it.

He's basically looking for a sucker that sell him cheap coins.
legendary
Activity: 2086
Merit: 1031
How many people in the world can make an offer like this?

100?  1,000?
full member
Activity: 168
Merit: 100
Well, it's priced in dollars.

If he wants to own BTC for that amount, then it is actually better to directly do the trade. Trying to buy for that amount on the exchanges will drive the price up a bit, resulting in fewer BTC.

For that amount, he must have done some homework and I'm sure the asking price reflects that.
hero member
Activity: 546
Merit: 501
Imagine...just imagine the price drops to 200 or under 100 after he sells FOR X Bitcoins at 1000 dollars.

such news help bitcoin to not fall to that levels.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Imagine...just imagine the price drops to 200 or under 100 after he sells FOR X Bitcoins at 1000 dollars.
legendary
Activity: 4018
Merit: 1299

http://www.foxnews.com/us/2013/12/14/vegas-developer-selling-785m-mansion-for-bitcoin/

Quote
A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he's willing to accept the online currency bitcoin for the deal.  ...
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