How is selling the house to buy bitcoin working out so far?
I think he bought in at 550$ level, so he is not doing very well right now but when price go up to $1000, he will be laughing
Topic: I'm All In - Sold My House! - page 44. (Read 112579 times)
I think he bought in at 550$ level, so he is not doing very well right now but when price go up to $1000, he will be laughing
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? 
[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
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.
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.
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?
[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.
How is selling the house to buy bitcoin working out so far?
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?
[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.
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
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.
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?
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.
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?
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.
Is this for real?? oh.. and I suppose jgray=Tay More ?
Anyway! Good luck buying that island of yours!
Anyway! Good luck buying that island of yours!
...
Depends on what you are investing in obviously...
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!!!!!
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Depends on what you are investing in obviously...
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?
...
Only loose when you sell at a crap price.
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?
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.
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.
...
Only loose when you sell at a crap price.
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?
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..
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.
lol I can't wait to laugh at his broke ass.
Price is already low. Why would he sell his coins anyway?
Well, the obvious question arises: What if it goes even lower?
this guy is going to be insanely rich in 10 years.
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