I'm All In - Sold My House! - page 44.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: IamCANADIAN013 on October 18, 2014, 05:21:13 PM

Quote from: NotLambchop on October 18, 2014, 01:51:21 PM

Quote from: sgk on October 18, 2014, 01:22:21 PM

Quote from: faince222 on October 18, 2014, 12:03:39 PM

You're totally stupid and idiot ! I can not understand why you sold your house for bitcoin ! And now, where do you sleep? Under bridge? Cheesy

[assumption]

[another assumption]

[one can hope]

[and another assumption]

TL;DR: The odds of an intelligent person [really] selling a house for Bitcoin and actually admitting it on the interwebs are slim to none.

LOL! Sometimes the stupidity in this thread makes me laugh. People come in making stupid posts without reading any of the background. I suggest people read up on what the OP of the thread has posted and the CBC article on the sale of his house for bitcoin.

He isn't the only person that has used bitcoin when it comes to the buying and selling of homes. I'd post the links, but I doubt many would read before commenting something stupid. Instead of people coming into the thread and shitting on the op, you'd think people would be happy for him or at least support him on it. Guess it shows how ignorant some people can be.

Bro, u even read?
Stop contributing to the stupidity Angry

TaunSew

hero member

Activity: 756

Merit: 506

I would be cautious about buying any extreme amounts of Bitcoin until I see signs of exponential userbase expansion. On the contrary it looks more like the number of new users is slowing down and then there's fatigue of older users (who cease using Bitcoin).

This technology is exciting but Bitcoin at 500K-2M users hasn't shown any signs that it will be the Yahoo or Alta Vista of digital currencies. There were more people using the internet in the late 1980s and more people using Yahoo in 1996.

IamCANADIAN013

hero member

Activity: 714

Merit: 503

Quote from: NotLambchop on October 18, 2014, 01:51:21 PM

Quote from: sgk on October 18, 2014, 01:22:21 PM

Quote from: faince222 on October 18, 2014, 12:03:39 PM

You're totally stupid and idiot ! I can not understand why you sold your house for bitcoin ! And now, where do you sleep? Under bridge? Cheesy

[assumption]

[another assumption]

[one can hope]

[and another assumption]

TL;DR: The odds of an intelligent person [really] selling a house for Bitcoin and actually admitting it on the interwebs are slim to none.

LOL! Sometimes the stupidity in this thread makes me laugh. People come in making stupid posts without reading any of the background. I suggest people read up on what the OP of the thread has posted and the CBC article on the sale of his house for bitcoin.

He isn't the only person that has used bitcoin when it comes to the buying and selling of homes. I'd post the links, but I doubt many would read before commenting something stupid. Instead of people coming into the thread and shitting on the op, you'd think people would be happy for him or at least support him on it. Guess it shows how ignorant some people can be.

unpure

full member

Activity: 169

Merit: 100

How is selling the house to buy bitcoin working out so far?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: sgk on October 18, 2014, 01:22:21 PM

Quote from: faince222 on October 18, 2014, 12:03:39 PM

You're totally stupid and idiot ! I can not understand why you sold your house for bitcoin ! And now, where do you sleep? Under bridge? Cheesy

[assumption]

[another assumption]

[one can hope]

[and another assumption]

TL;DR: The odds of an intelligent person [really] selling a house for Bitcoin and actually admitting it on the interwebs are slim to none.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: jgray on March 09, 2014, 01:01:52 PM

Hi All,

I have been following Bitcoin for over a year and was the first person ever to put my house for sale for bitcoin.

http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html

Not sure if you followed my story from a year ago, but the house just sold on Friday, and will make the news tomorrow I suspect. When the house closed on Friday I got approximately 648 BTC for my house which is based on prices over the past 6 months when the deal was actively negotiated, legal fees, realtor fees, and a bunch of contract wording that I frankly don't understand. I am now all in! I really believe in bitcoin. It is the future of the world. I look forward to the continued price increase and one day I plan to own my own island. I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck

Tay More

BTW OP, if it is cool with you, can you disclose the financials on this one?
What was the market value of the house and how many BTC you sold it for?

I wouldn't push it though, I am just curious. This is a legendary case in the history of Bitcoin, just like the one with Pizzas.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: faince222 on October 18, 2014, 12:03:39 PM

You're totally stupid and idiot ! I can not understand why you sold your house for bitcoin ! And now, where do you sleep? Under bridge? Cheesy

First of all, let's accept the fact that you also believe in Bitcoin's potential, otherwise you wouldn't be here, posting on this forum.

Secondly, the investor OP was already aware of potential risks of his action, but probably he was more optimistic than you or me and whether he is wiser than you or me - time will only tell. So there's a possibility you or me turn out to be an idiot in future, not him.

Third, why would you think he only had one house to live in? Probably he is living on a villa that he also owned and you're posting messages from under the bridge?

I can understand there's a risk involed in Bitcoin investment, but the possibility of gain is also equal.

faince222

sr. member

Activity: 378

Merit: 250

You're totally stupid and idiot ! I can not understand why you sold your house for bitcoin ! And now, where do you sleep? Under bridge? Cheesy

Timetwister

legendary

Activity: 1199

Merit: 1047

Quote from: EFS on October 14, 2014, 10:03:36 AM

Price is already low. Why would he sell his coins anyway?

It would make sense if he expected a higher return in another investment, or if he just preferred to spend the money.

Cryptoalerts.net

newbie

Activity: 39

Merit: 0

Is this for real?? oh.. and I suppose jgray=Tay More ?

Anyway! Good luck buying that island of yours! Grin

ravenjt

full member

Activity: 215

Merit: 100

Quote from: NotLambchop on October 16, 2014, 03:21:42 PM

Quote from: Morecoin Freeman on October 16, 2014, 03:15:04 PM

...
Depends on what you are investing in obviously...

Don't be ridiculous. You might win, and you definitely can not lose, because "can't lose if you don't sell."
No matter how improbable the upside, there is no downside.
How many would you like then?

so true. There is no downside to btc. Absolutely guaranteed riches. Throw in everything and you will succeed. To da moon!!!!!

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Morecoin Freeman on October 16, 2014, 03:15:04 PM

...
Depends on what you are investing in obviously...

Don't be ridiculous. You might win, and you definitely can not lose, because "can't lose if you don't sell."
No matter how improbable the upside, there is no downside.
How many would you like then?

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: NotLambchop on October 16, 2014, 02:53:37 PM

Quote from: Morecoin Freeman on October 16, 2014, 02:25:10 PM

...
Only loose when you sell at a crap price.

In that case, let me sell you some shares in my gold synthesis business. It's a great deal, 'coz you can't lose! Just never sell.
How many should I put you down for, friend?

Depends on what you are investing in obviously. It needs to be something that is developing.
I'm pretty sure the price per bitcoin will be higher than today's price at some point in time. And also that it will be lower at some point too.

Your gold synth business thingy I have no knowledge about so I'll pass.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: bigasic on October 16, 2014, 02:41:15 PM

Too many people think bitcoin should be at 10k by now.. Its a long term investment. The shoot up from 10 to 100 was a very bull market. the move to over 1k was, well, fucking insane.. Like ive said many times, if your not a day trader, treat it like you would silver or gold, save it until you absolutely need it. I had to sell some because I had to, luckily it was near the all time high, (total luck out), worked out well, because now I dont freak out too much when btc falls. I hear too many stories "I bought at 800 and im sick of this shit, im out" people like that should never be investing. they are thinking that btc will just keep skyrocketing upwards, nothing does that, not even rockets, lol..

Gold has a history going back to prehistory. Bitcoin has been around for 5 years. Suggesting that it should be treated like gold is not just irresponsible, it's cruel.
OTOH, if your intended meaning was "dump it like you should've dumped gold in 2011," then disregard.

Quote from: Morecoin Freeman on October 16, 2014, 02:25:10 PM

...
Only loose when you sell at a crap price.

In that case, let me sell you some shares in my gold synthesis business. It's a great deal, 'coz you can't lose! Just never sell.
How many should I put you down for, friend?

bigasic

hero member

Activity: 924

Merit: 1000

Too many people think bitcoin should be at 10k by now.. Its a long term investment. The shoot up from 10 to 100 was a very bull market. the move to over 1k was, well, fucking insane.. Like ive said many times, if your not a day trader, treat it like you would silver or gold, save it until you absolutely need it. I had to sell some because I had to, luckily it was near the all time high, (total luck out), worked out well, because now I dont freak out too much when btc falls. I hear too many stories "I bought at 800 and im sick of this shit, im out" people like that should never be investing. they are thinking that btc will just keep skyrocketing upwards, nothing does that, not even rockets, lol..

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: redhawk979 on October 03, 2014, 05:12:29 PM

Lmao this thread is now comedy gold. So this dude has effectively lost 1/2 the value of his sale?

He didn't loose anything...

We're now at like 350-400 range. Price will go up sometime in future. Price will go down some time in future.

Only loose when you sell at a crap price.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

lol I can't wait to laugh at his broke ass.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: EFS on October 14, 2014, 10:03:36 AM

Price is already low. Why would he sell his coins anyway?

Well, the obvious question arises: What if it goes even lower?

Robert Paulson

sr. member

Activity: 448

Merit: 250

this guy is going to be insanely rich in 10 years.

pattu1

hero member

Activity: 675

Merit: 500

If he can afford to hold his bitcoins for some more time, he might be safe.

Topic: I'm All In - Sold My House! - page 44. (Read 112616 times)