Topic: I'm All In - Sold My House! - page 3. (Read 112579 times)

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....

Awesome that you were strong enough and kept holding your stash!Big Respect for that!!
Whatever the price will skyrocket to, you will deserve it mate!!

If the OP held he is now in the black.

I'm going to go with this guy's gut feel. Salute to you dear sir. I believe this will all work out for the better. You will get 3 houses 3 times as big as the one you just sold.

It can be risky because you dont even know what will happen later with Bitcoin because if the value will be low of Bitcoin than there will be a chance that you can be poor.
But I am hoping for you that you can make a lot of profit with Bitcoin if it keeps rising.

Wow ! awesome topic ! OP you are real man! good luck

how can you be so sure dude?

Awesome news Just hold a little bit longer and you'll be the one laughing last

I dont understand this did you really sold your house by goign all in with gambling wow that is a big stap men and such a stupid idea. I will never do such things.

Well, I think you made this decision at the right time. The housing bubble is doomed to collapse at some time in the future. When that happens will be a mystery to us, until it does happen.

good job on choosing BTC as well.

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

Wow. I would definitely not be feeling good with todays prices with this kind of deal. Hopefully they go back up soon.

yeah that makes sense too, our farm was less than 300k now its worth 450-500k but thats since 1980 when we built it
i still think if he was happy with 400kish hes up now anyway

That's true I never thought about that. The real estate market is still covering from the big crash at least in America. So to compare that to his Bitcoin investment I think he has lost opportunity cost of owning the house.

true real estate tends to curve downwards because of it being a much much bigger market.

Also the chance of the real estate market crashing is much lower than the chance of a bitcoin market crash.

for the last few months.... sold our home at 900k and its 1100k about 6 months later.... and thats conservative... other properties doubled in the same time.

I would not sell my house to go all in with bitcoin but you might be very rich one the bitcoin block halving occurs.

awesome deal
up 193k from the listed price, thats great stuff

That you sold your house is pretty crazy in my eyes but can of course be worth it if you know you can make a lot of profit with the bitcoin this year and in the future.
The fact is also that a house keeps its worth.