Topic: I'm All In - Sold My House! - page 10. (Read 112596 times)
He got the house because a relative passed away. It didn't interfere with his daily life, and he wasn't homeless.
His decision is wise. For what he have sold his will give him more houses to be built when few more years goes on.
that is not a wise decision at all unless you have a way of seeing the future in your magic ball.
what he did (or says he did) is what a gambler does. and that is not wise nor and investment, it is a gamble.
of course there is always the possibility of a big profit but there is also the possibility of loss which is not small chance either.
for example if you sell everything and buy now lets say at $400 and the price goes up in a couple of months then you might even double your money and buy a bigger house. but think of it this way, you don't have a home for that period and if price stays stable for a long time (lets say a year) you are stuck in this state for a longer time. and worst case scenario is the price goes down then you have lost half of what you had in the first place and now you are homeless on top of that.
His decision is wise. For what he have sold his will give him more houses to be built when few more years goes on.
I hope you will make a lot of bitcoin, not just the fiat from the action. The house price will not rise as fast as the bitcoin.
I think op is being sarcastic. He/she probably doesn't even own a house.
BTW going all in is a new i would never recommend. Always diversify. Betting on one horse makes you so vulnerable.
I hope you will make a lot of bitcoin, not just the fiat from the action. The house price will not rise as fast as the bitcoin.
You are brave man. But if you did not sell soon after small profit, you will do it very well. The price is rising.
Like the guy above me I had the same idea.
Or would do something different, rent it out for BTC or something.
I dont believe selling was the right decision to get BTC.
Maybe because i dont have a few hundred grand in the bank atm.
If you have more money then just the investment in the house I dont see the problem on what he is doing.
I believe the price will go up again so he will be fine eventually but the stress would eat me alive.
Or would do something different, rent it out for BTC or something.
I dont believe selling was the right decision to get BTC.
Maybe because i dont have a few hundred grand in the bank atm.
If you have more money then just the investment in the house I dont see the problem on what he is doing.
I believe the price will go up again so he will be fine eventually but the stress would eat me alive.
You are right, I think the price will go to a high amount soon or later if you ask me, its just a matter of time, just be patient.
I think we just have to wait till the halving has been done and than we can all make profit, Its good that he sold his house for the bitcoin, he will be rich because of the bitcoin.
There is also a risk that it can be fall down and that wont be good. That will be very bad.
I think its pretty crazy that you sold your house for the bitcoin but it says something that you are all doing it for the bitcoin, I think its pretty good you did because you can make a lot of profit if you hold them long term I'm sure of that.
I think you are doing a great job by doing this, and I hope you will make a lot profit in the future.
I think you are doing a great job by doing this, and I hope you will make a lot profit in the future.
maybe a lot of people collect bitcoin for their dream of owning a house, but this was reversed. you sell the house for bitcoin 
He has 3 or 4 years to wait before he can cash out with a huge profit
Somebody is "all-in sols his house" for ethereum already?
Oh boy that would be crazy I guess.
Sure Ethereum has seen an amazing increase the last weeks, but the question is how high can it go and how sustainable is this rise?
I'm personally not invested in Ethereum, I missed that opportunity.And I also believe right now it is used as a hedge to Bitcoin (blocksize drama etc.).
There could be the possibilty that many will switch to Bitcoin back when Segwit is implemented and halving is coming closer.
Definitely interesting to watch how this will develop.
Somebody is "all-in sols his house" for ethereum already?
Like the guy above me I had the same idea.
Or would do something different, rent it out for BTC or something.
I dont believe selling was the right decision to get BTC.
Maybe because i dont have a few hundred grand in the bank atm.
If you have more money then just the investment in the house I dont see the problem on what he is doing.
I believe the price will go up again so he will be fine eventually but the stress would eat me alive.
Or would do something different, rent it out for BTC or something.
I dont believe selling was the right decision to get BTC.
Maybe because i dont have a few hundred grand in the bank atm.
If you have more money then just the investment in the house I dont see the problem on what he is doing.
I believe the price will go up again so he will be fine eventually but the stress would eat me alive.
You are right, I think the price will go to a high amount soon or later if you ask me, its just a matter of time, just be patient.
I think we just have to wait till the halving has been done and than we can all make profit, Its good that he sold his house for the bitcoin, he will be rich because of the bitcoin.
Interesting, this is a very old thread, and I would certainly not sell my house especially if I live in it, but instead renting it out and from the rent, buy bitcoins monthly.
well, it is dumbway to be rich person,it's risky,many people said that OP is out of his mind, but someday probably after halving, if bitcoin price is rising and go higher than when OP bought thos btc, i can sure, OP will be lucky and rich personSure he doubled down, it was a gamble, and he might win.
I don't think the biggest risk for him was that he put all his money in bitcoin. I think the biggest risk for him was that he invested a major asset into bitcoin while he could have used that money for other emergencies if so they would have happened.
I`m not sure where he lives, but if you go for a rent and sell your house, that is definitely not a wise move, and it's risky.
But after bitcoin goes up to 700-800$ he will have a nice asset to work with.
for OP are you still hold your bitcoin ?
i read some coment says the price when you sell your home to bitcoin is arround $600 ?
so he lose arround $150 value of his bitcoin
i read some coment says the price when you sell your home to bitcoin is arround $600 ?
so he lose arround $150 value of his bitcoin
Like the guy above me I had the same idea.
Or would do something different, rent it out for BTC or something.
I dont believe selling was the right decision to get BTC.
Maybe because i dont have a few hundred grand in the bank atm.
If you have more money then just the investment in the house I dont see the problem on what he is doing.
I believe the price will go up again so he will be fine eventually but the stress would eat me alive.
Or would do something different, rent it out for BTC or something.
I dont believe selling was the right decision to get BTC.
Maybe because i dont have a few hundred grand in the bank atm.
If you have more money then just the investment in the house I dont see the problem on what he is doing.
I believe the price will go up again so he will be fine eventually but the stress would eat me alive.
Interesting, this is a very old thread, and I would certainly not sell my house especially if I live in it, but instead renting it out and from the rent, buy bitcoins monthly.
I guess this hasn't turned out so well then? I actually remember seeing the first post in this thread when it was made. It depends if the OP has sold those bitcoin's. If he hasn't then technically he's lost nothing. This time next year the price of 1 bitcoin could be 2000 USD. If he's still HODLING those coins then he'll be the one laughing.
OP gave us an update regarding his situation in december last year.
Quote
Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
https://bitcointalksearch.org/topic/m.13263187
I guess this hasn't turned out so well then? I actually remember seeing the first post in this thread when it was made. It depends if the OP has sold those bitcoin's. If he hasn't then technically he's lost nothing. This time next year the price of 1 bitcoin could be 2000 USD. If he's still HODLING those coins then he'll be the one laughing.
Wow, that is so risky, you can loose all of your money you know? But if it will rise by 400$, you will win so much of money
OP sold his house in 2014. He has already witnessed a lot of ups and downs.
that financial move on the op to sell his house for bitcoin im sure he sold before he lost a serious amount.
then again, who knows if the op was already financially okay with it.
im sure if he took the plunge without doing his homework, im sure he can eat the loss.
Maybe he was okay with it. Or maybe he has the stomach to wait it out.
Bitcoin isn't finished yet.
Wow, that is so risky, you can loose all of your money you know? But if it will rise by 400$, you will win so much of money
OP sold his house in 2014. He has already witnessed a lot of ups and downs.
that financial move on the op to sell his house for bitcoin im sure he sold before he lost a serious amount.
then again, who knows if the op was already financially okay with it.
im sure if he took the plunge without doing his homework, im sure he can eat the loss.
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