I'm All In - Sold My House! - page 16.

CoinCidental

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Si vis pacem, para bellum

Quote from: TheRealistMassiah1 on July 20, 2015, 09:47:43 AM

Quote from: vervolioman on July 20, 2015, 09:45:16 AM

Quote from: g-unit on July 20, 2015, 09:40:31 AM

They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...

Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea Huh

Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford it bitcoin then don't buy.

I smell a discrepancy in his "$25,000 dollar loan @ 3% interest" ....

Either he has an income and credit rating that is good enough to allow for a 25,000 dollar credit line ... if not then he is talking about a 25,000 dollar loan from a LOAN SHARK at 3% interest a day ...

side note: he needs to clarify his terms on the loan year... principal ... fix or apr etc ...

Why would anyone need to clarify anything to a window licker like you?

Ignore list sure is filling up today lol

inca

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Activity: 1176

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Quote from: TheRealistMassiah1 on July 20, 2015, 09:47:43 AM

Quote from: vervolioman on July 20, 2015, 09:45:16 AM

Quote from: g-unit on July 20, 2015, 09:40:31 AM

They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...

Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea Huh

Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford it bitcoin then don't buy.

I smell a discrepancy in his "$25,000 dollar loan @ 3% interest" ....

Either he has an income and credit rating that is good enough to allow for a 25,000 dollar credit line ... if not then he is talking about a 25,000 dollar loan from a LOAN SHARK at 3% interest a day ...

side note: he needs to clarify his terms on the loan year... principal ... fix or apr etc ...

There is a wide variation in income and wealth distribution across the forum.

side note: time for you to go into the ignore box!

TheRealistMassiah1

newbie

Activity: 28

Merit: 0

Quote from: vervolioman on July 20, 2015, 09:45:16 AM

Quote from: g-unit on July 20, 2015, 09:40:31 AM

They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...

Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea Huh

Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford it bitcoin then don't buy.

I smell a discrepancy in his "$25,000 dollar loan @ 3% interest" ....

Either he has an income and credit rating that is good enough to allow for a 25,000 dollar credit line ... if not then he is talking about a 25,000 dollar loan from a LOAN SHARK at 3% interest a day ...

side note: he needs to clarify his terms on the loan year... principal ... fix or apr etc ...

vervolioman

hero member

Activity: 493

Merit: 500

Quote from: g-unit on July 20, 2015, 09:40:31 AM

They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...

Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea Huh

Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford bitcoin then don't buy it lol

Quote from: TheRealistMassiah1 on July 20, 2015, 06:45:09 AM

Quote from: smoothie on July 20, 2015, 03:38:28 AM

bumping this thread

https://bitcointalksearch.org/topic/smoothies-hawaiian-property-gauging-interest-for-now-1123066

That is one harsh thing to "bump this thread" ... enjoying ones pain for your enjoyment.... He traded his house for 650ish bitcoins which is worth today at $178,000 USD .... which means he has lost more than $100,000+ Dollars since his "all in attempt" ...

hard reality to live by ...

Addition: After further calculation he has lost more than $200,000 dollars...

That is correct if the OP held until now, which I would doubt very much that he did. He could have learned to trade from it and is actually in profit but again my thoughts he got out with a 20k- 50k loss, not that bad after being all in.

g-unit

sr. member

Activity: 432

Merit: 250

They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...

farting_shot

full member

Activity: 318

Merit: 100

What a fool. He's worse than the other fool who took out a loan to buy bitcoins. Don't become like these fools who got suckered in by the bulltards who trolls on thie forum.

TheRealistMassiah1

newbie

Activity: 28

Merit: 0

Quote from: smoothie on July 20, 2015, 03:38:28 AM

bumping this thread

https://bitcointalksearch.org/topic/smoothies-hawaiian-property-gauging-interest-for-now-1123066

That is one harsh thing to "bump this thread" ... enjoying ones pain for your enjoyment.... He traded his house for 650ish bitcoins which is worth today at $178,000 USD .... which means he has lost more than $100,000+ Dollars since his "all in attempt" ...

hard reality to live by ...

Addition: After further calculation he has lost more than $200,000 dollars...

smoothie

legendary

Activity: 2492

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LEALANA Bitcoin Grim Reaper

bumping this thread

https://bitcointalksearch.org/topic/smoothies-hawaiian-property-gauging-interest-for-now-1123066

HI-TEC99

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Activity: 2772

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Quote from: techgeek on May 06, 2015, 12:51:21 AM

Quote from: goxed on May 05, 2015, 06:57:05 PM

Quote from: saturn643 on May 05, 2015, 06:52:07 PM

Is selling the house to buy bitcoin not a tad bit risky Shocked

I mean where will you live?

I don't own a house, but I still have a roof over my head. possibilities include
a) Renting a house
b) Move to my vacation home
c) RV
d) Move in with a friend
e) Move in with parents

IF the prices of homes are cheap in that state why not?

You can always sell a house and downgrade, but I wouldnt suggest it too everyone. I think most people would select option E) as a simple viable way, then go move back out not owning a house but probably a splitting rent in a apt or something.

I have friends who crash on different friends pads every night.

Worst case scenario, YMCA offers lodge and wifi for $5 a month.

No, worst case scenario is a cardboard box when it's raining or snowing. I assume he still has the bitcoins so he could always sell them to avoid the cardboard box.

diodio1

sr. member

Activity: 285

Merit: 250

crazy insane on what you have done! but it awasome man , in 2014 bitcoin price is around $500 nice one .
i just want to know how is he now?

techgeek

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Activity: 826

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Quote from: goxed on May 05, 2015, 06:57:05 PM

Quote from: saturn643 on May 05, 2015, 06:52:07 PM

Is selling the house to buy bitcoin not a tad bit risky Shocked

I mean where will you live?

I don't own a house, but I still have a roof over my head. possibilities include
a) Renting a house
b) Move to my vacation home
c) RV
d) Move in with a friend
e) Move in with parents

IF the prices of homes are cheap in that state why not?

You can always sell a house and downgrade, but I wouldnt suggest it too everyone. I think most people would select option E) as a simple viable way, then go move back out not owning a house but probably a splitting rent in a apt or something.

I have friends who crash on different friends pads every night.

Worst case scenario, YMCA offers lodge and wifi for $5 a month.

jayce

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Quote from: saturn643 on May 05, 2015, 06:52:07 PM

Is selling the house to buy bitcoin not a tad bit risky Shocked

I mean where will you live?

Risk reward would have been something special here if he sold when he first wanted to and it never took all that time to sell Sad

He could have lived on the streets who cares when you holding are going threw the roof lol Worst case scenario he had less than he started but not nothing he could rent somewhere. You are right though very risky and a shame his timing ended up being terrible.

Chef Ramsay

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Quote from: randy8777 on May 05, 2015, 07:04:36 PM

Quote from: Morecoin Freeman on April 19, 2015, 12:00:05 PM

At some point in time I might sell my house for coins too. More money, more bitcoins. Tongue

easier said than done. but your writing style indicates that you're not really serious. which is good. selling your house to invest is just stupid.

I agree but when one is anticipating a changing market in a new and disruptive area, perhaps mortgaging an asset to have extra fiat to invest is something to think about at least, even if you don't act on it.

randy8777

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Quote from: Morecoin Freeman on April 19, 2015, 12:00:05 PM

At some point in time I might sell my house for coins too. More money, more bitcoins. Tongue

easier said than done. but your writing style indicates that you're not really serious. which is good. selling your house to invest is just stupid.

goxed

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Bitcoin / Crypto mining Hardware.

Quote from: saturn643 on May 05, 2015, 06:52:07 PM

Is selling the house to buy bitcoin not a tad bit risky Shocked

I mean where will you live?

I don't own a house, but I still have a roof over my head. possibilities include
a) Renting a house
b) Move to my vacation home
c) RV
d) Move in with a friend
e) Move in with parents

saturn643

hero member

Activity: 728

Merit: 500

Is selling the house to buy bitcoin not a tad bit risky Shocked

I mean where will you live?

BitCoinNutJob

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Wow, it's really brave but I'm not so gambler to sold my house. I sold my car for bitcoins 2 years ago before the bubble started so it was good decision

Morecoin Freeman

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Legendary trader

At some point in time I might sell my house for coins too. More money, more bitcoins. Tongue

bigtimespaghetti

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bigtimespaghetti.com

Quote from: ElectricMucus on April 16, 2015, 10:58:25 AM

You get it guys, continue dreaming of riches and some day you can tell your story of how magic internet money almost changed the world.

I think it changed some people's world to a greater or lesser degree, but the actual world? Too early to tell. The general public still see bitcoin as some weird internet fad, I hope that will change, but I'd much rather the public understand the true nature of the state, violence, it's effect on everyone's lives and the value of freedom from coercion in all aspects of life.
I don't plan my life on things that will never happen in my lifetime or things so unlikely that they might as well not happen though. I think many others should think hard about what bitcoin was, is and will likely be in the future.

pattu1

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Activity: 675

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Quote from: ElectricMucus on April 16, 2015, 10:58:25 AM

You get it guys, continue dreaming of riches and some day you can tell your story of how magic internet money almost changed the world.

Hope and greed makes the world go around.
There are a lot of people holding on to bitcoins in the belief that a bull run is inevitable.

Topic: I'm All In - Sold My House! - page 16. (Read 112616 times)