That took some balls! You'll make a fortune if you HODL.
I would also never be able to sell my house for some Bitcoins I do not know how he pulled it off be he sure has some balls. Investing in Bitcoin is a risk but he is even taking a risk on top of that by selling of his house. 
Topic: I'm All In - Sold My House! - page 2. (Read 112596 times)
Looks like the OP finally managed to make a profit (If he had the courage to hold until now)
You have some serious balls if you are selling your house for some Bitcoin, I would never be able to do that. My house is special to me so only if I was sure that I was going to make millions then I would sell my house.
OP is sure.
I think I'll play it safe and just keep my money in my bank account and save up - said no rich person ever.
I admit this takes guts but you need to try things and take risks to make it in life. No one got rich by playing the careful game.
I wish you the best of luck OP. I hope you have your coins in a safe place offline.
You have some serious balls if you are selling your house for some Bitcoin, I would never be able to do that. My house is special to me so only if I was sure that I was going to make millions then I would sell my house.
OP is sure.
Or at least to him the potential upside outweighs the potential downside.
Talking about which absolute dollar amounts are sane to put in Bitcoin makes no sense.
You might be better off trying to earn some BTC. Borrowing money for "investments" is usually a bad idea no matter what you are expecting to profit from.
an"all in" is never a good investment! And there is an high risk to loss all only for pay the interest!
Great to hear somebody that is so devoted and believing in bitcoin. It is rare to find one these days 
Well, good luck on your investment and I'm 100% sure that it will go very well.
Just don't sell in the short term, hold it.
Well, good luck on your investment and I'm 100% sure that it will go very well.Just don't sell in the short term, hold it.
Selling the house and getting in return BTC is brave decision and not many people can afford to take such bold decisions. I will give this person hats off for doing such a great thing to permote bitcoins. and now he must be enjoying as current price of bitcoins is already doubled.
You might be better off trying to earn some BTC. Borrowing money for "investments" is usually a bad idea no matter what you are expecting to profit from.
Great to hear somebody that is so devoted and believing in bitcoin. It is rare to find one these days Well, good luck on your investment and I'm 100% sure that it will go very well.
Just don't sell in the short term, hold it.
Well, good luck on your investment and I'm 100% sure that it will go very well.Just don't sell in the short term, hold it.
Well, I think it is a good decision to make to get out of the housing bubble when you still can. The 2008 crisis is just a beginning and the ending is nowhere near that magnitude.
Good on you for choosing BTC as well, you probably profited as well from this bull market
Good on you for choosing BTC as well, you probably profited as well from this bull market
If you really sold your house, you should be a millionaire now.. well if you live in a western country.
Finally i 'meet' a billion millionaire. God Bless!
Finally i 'meet' a billion millionaire. God Bless!
Doesnt a house cost maintenance as well, people talk of it as an investment but if its real then it has costs too. If only insurance, any house needs total loss cover as part of a mortgage I believe.
The big deal of losing a house asset and gain large holdings of bitcoin is that in a normal capitalist system you can gain something by giving a benefit to others of your capital, most obviously bank deposits and interest and this is relatively secure. Normally but with bitcoin Ive not really heard of that exactly but its not just a one off, if bitcoin is a real asset then this generally should be possible. Companies need float or whatever. If this doesnt exist and become a common instance as bitcoin rises above 1,000 again I wonder for crypto long term, it cant be one dimensional
However the interesting point is we have reached a point in normal fiat systems like dollar where cash barely earns anything, its no longer true capital (useful) or a capitalist society of holding. Japan and a few places deliberately destroy this element of an economy and charge for those who hold cash with negative rates, I do wonder if this is the end game. Dollar has some weird back door deal with the FED allowing banks to keep cash off the streets (avoiding inflation) with a false rate special available if they leave excess cash at the FED. This is only possible if rates stay low as it costs FED alot, the irony with rising rates is inflation rises even faster I think and people will wonder why but its the smallest things that count imo
The big deal of losing a house asset and gain large holdings of bitcoin is that in a normal capitalist system you can gain something by giving a benefit to others of your capital, most obviously bank deposits and interest and this is relatively secure. Normally but with bitcoin Ive not really heard of that exactly but its not just a one off, if bitcoin is a real asset then this generally should be possible. Companies need float or whatever. If this doesnt exist and become a common instance as bitcoin rises above 1,000 again I wonder for crypto long term, it cant be one dimensional
However the interesting point is we have reached a point in normal fiat systems like dollar where cash barely earns anything, its no longer true capital (useful) or a capitalist society of holding. Japan and a few places deliberately destroy this element of an economy and charge for those who hold cash with negative rates, I do wonder if this is the end game. Dollar has some weird back door deal with the FED allowing banks to keep cash off the streets (avoiding inflation) with a false rate special available if they leave excess cash at the FED. This is only possible if rates stay low as it costs FED alot, the irony with rising rates is inflation rises even faster I think and people will wonder why but its the smallest things that count imo
Its all the same in my view.
But what carrys more weight is how liquid which one is if you compare it, and when I mean by liquid its how fast you can get rid of the risk associated.
The only reason why I wouldnt get a house is because - how long does it take a house to be sold vs selling a few position on the exchange which take seconds which in this case is bitcoin wins in speed.
how stupid can you be just going all in and sell your house just for a gamble this is what i mean you cant go all in with gamble it will only wreck your life i dont understand why people are doing this.
You not having any balls doesn't make the OP stupid in any way. I'd hold XBT over real estate any day of the week and twice on Sunday.
Its called btc my friend.
https://www.google.com/search?q=XBT&rct=j
http://www.xe.com/currency/xbt-bitcoin?
Nobody calls it XBT, lets be real here we all call it BTC, calling it "XBT" is just trying to act like you're more professional then the people using BTC or something.
as long as anyone understands what one is talking about it is not really important what name is used, imho.
to call someone stupid who had the understanding and vision of a probably game-changing technical invention and considering the beautiful risk/reward ratio of this bet, is not appropriate in my opinion. far from that. it leans more towards to something like "clever".
how stupid can you be just going all in and sell your house just for a gamble this is what i mean you cant go all in with gamble it will only wreck your life i dont understand why people are doing this.
You not having any balls doesn't make the OP stupid in any way. I'd hold XBT over real estate any day of the week and twice on Sunday.
Its called btc my friend.
https://www.google.com/search?q=XBT&rct=j
http://www.xe.com/currency/xbt-bitcoin?
Nobody calls it XBT, lets be real here we all call it BTC, calling it "XBT" is just trying to act like you're more professional then the people using BTC or something.
Hi. You are good holder
Just checking back today.
** Update **
I am still around.
I still have all my bitcoin.
If you check the original posting from 2 years ago, I did indeed sell my house for Bitcoin, and there are links to the actual news articles.
I currently live in Toronto now, and rent a house with friends.
The price of Bitcoin is currently at close to $700US or $900 CDN.
My original investment is worth $598,000 CDN.
My initial investment is up nearly 50% since I purchased Bitcoin 2 years ago.
Cheers,
Tay More
** Update **
I am still around.
I still have all my bitcoin.
If you check the original posting from 2 years ago, I did indeed sell my house for Bitcoin, and there are links to the actual news articles.
I currently live in Toronto now, and rent a house with friends.
The price of Bitcoin is currently at close to $700US or $900 CDN.
My original investment is worth $598,000 CDN.
My initial investment is up nearly 50% since I purchased Bitcoin 2 years ago.
Cheers,
Tay More
Good man, nice to see you still around & HODLING.
how stupid can you be just going all in and sell your house just for a gamble this is what i mean you cant go all in with gamble it will only wreck your life i dont understand why people are doing this.
You not having any balls doesn't make the OP stupid in any way. I'd hold XBT over real estate any day of the week and twice on Sunday.
Its called btc my friend.
https://www.google.com/search?q=XBT&rct=j
http://www.xe.com/currency/xbt-bitcoin?
how stupid can you be just going all in and sell your house just for a gamble this is what i mean you cant go all in with gamble it will only wreck your life i dont understand why people are doing this.
You not having any balls doesn't make the OP stupid in any way. I'd hold XBT over real estate any day of the week and twice on Sunday.
Its called btc my friend.
Publicity is key to Bitcoin's success. It takes different people different amounts of time to understand it but the fundamentals are sound. Society has to catch up to bitcoin, not the other way around. Selling his house for BTC made headlines and really got people thinking. The shortsighted may be mocking him now, just as people might ridicule someone who paid 10,000 BTC for two pizzas, but there has to be pioneers who take risks to get the bitcoin economy established.
You have some serious balls if you are selling your house for some Bitcoin, I would never be able to do that. My house is special to me so only if I was sure that I was going to make millions then I would sell my house.
how stupid can you be just going all in and sell your house just for a gamble this is what i mean you cant go all in with gamble it will only wreck your life i dont understand why people are doing this.
Some people have balls, and some people haven't....
The op is up 50% and he will soon be up by 200% or more
If he doesn't cash out....
Btc not for everyone, make you should get out now....
For me i can't still control my self.. but i understand the,.. because this is the same life in my wife..
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