I'm All In - Sold My House! - page 45.

IamCANADIAN013

hero member

Activity: 714

Merit: 503

Quote from: adaseb on October 14, 2014, 11:37:50 PM

I don't want to go thru all these pages, but did the OP actually reply since the orignal post and about his actual sale?

For all we know he could of taken profit a long time ago.

His last post was made on June 01, 2014, this was his post,

I am back Smiley Been busy doing other things since I sold my house for bitcoin, and haven't really been following the price that closely. I check every so often and lo and behold it is back to $660+ right now!!!!!!! Well it looks like my $400K investment is going to make me a millionaire very soon. Now back to what I was doing... enjoying life.

By the looks of his profile, he was last active today:

Last Active: October 14, 2014, 07:13:17 PM

I have to say, I am pulling for the guy, you'd think anyone would who isn't a complete ass hole. No one want to see a guy lose all of an investment. Might not have been a great idea to sink it all into bitcoin, but to each their own.

b4basit

full member

Activity: 196

Merit: 100

don't invest that what you can't afford to lose anyway good luck keep eye on the price/market

MrBig

sr. member

Activity: 369

Merit: 250

Quote from: adaseb on October 14, 2014, 11:37:50 PM

I don't want to go thru all these pages, but did the OP actually reply since the orignal post and about his actual sale?

For all we know he could of taken profit a long time ago.

No he only mentioned that he would hold onto the coins as an investment, but who knows what he ended up doing. I wouldn't be surprised if he still follows this thread under another account.

adaseb

legendary

Activity: 3808

Merit: 1723

I don't want to go thru all these pages, but did the OP actually reply since the orignal post and about his actual sale?

For all we know he could of taken profit a long time ago.

Blazin604

full member

Activity: 224

Merit: 100

poor guy prolly sold sounded like a noob

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: LordSonjai on October 14, 2014, 09:50:03 PM

not sure where you guys get this hold idea from,the game isn't hold its buy low sell high. It would be more wise to sell before it crashes make your money back and buy low and than hold,not hold it entirely until you think it has finally hit its highest point. I could tell none of you even have traded bitcoin because if you did you would have better advice to offer this bafoon than to hold the coin when it could potentially hit 100 and stay there. He doesn't have time to just hold its a waste of money.

Iamyourdad

member

Activity: 84

Merit: 10

★Bitin.io★ - Instant Exchange

You will surely be added in the biography of bitcoins Tongue

MrBig

sr. member

Activity: 369

Merit: 250

Quote from: LordSonjai on October 14, 2014, 09:50:03 PM

not sure where you guys get this hold idea from,the game isn't hold its buy low sell high. It would be more wise to sell before it crashes make your money back and buy low and than hold,not hold it entirely until you think it has finally hit its highest point. I could tell none of you even have traded bitcoin because if you did you would have better advice to offer this bafoon than to hold the coin when it could potentially hit 100 and stay there. He doesn't have time to just hold its a waste of money.

I can tell that you don't frequent the speculation section much since you haven't noticed the cult of hodlers who try and proselytize on every thread. Some of them may be delusional, but they sure are a persistent bunch.

LordSonjai

full member

Activity: 210

Merit: 100

not sure where you guys get this hold idea from,the game isn't hold its buy low sell high. It would be more wise to sell before it crashes make your money back and buy low and than hold,not hold it entirely until you think it has finally hit its highest point. I could tell none of you even have traded bitcoin because if you did you would have better advice to offer this bafoon than to hold the coin when it could potentially hit 100 and stay there. He doesn't have time to just hold its a waste of money.

EFS

staff

Activity: 3976

Merit: 2260

Crypto Swap Exchange

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

fewcoins

full member

Activity: 126

Merit: 100

Today is the best day to take profits... I wonder how long he will hold... I wonder if he'll get nervous through a correction! Roll Eyes

marthelo

full member

Activity: 169

Merit: 100

i hope to god this guy didnt sell......HERE IT COMES

picolo

hero member

Activity: 1022

Merit: 500

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?

I would think his paper losses are greater than 50% but he will deserve even more the reward when he will sell for a profit

STT

legendary

Activity: 4102

Merit: 1454

Graham's book would just tell him to buy working assets which return value. BTC is none of that, this was pure speculation for him as its not a float for a business or anything and he is not using the BTC.
Obviously a house can be more useful then that but if it was not useful to him then in theory he is no worse off except there was always more productive alternatives.

People should compare his losses here vs a holding of gold which is the obvious choice otherwise. Both went down, Dollar is up and USA policy is perceived as great right now. Come back when its a mess again and see how those two compare, the fat lady aint singing yet

me_12

newbie

Activity: 21

Merit: 0

Should've waited till maybe even now or a few more days to get more BTC.

LordSonjai

full member

Activity: 210

Merit: 100

I just sold my 100 tonight,I feel stupid because I should have sold them when they were at 498 before the landslide.

Assuming they will go back down below 100 I am buying in again. Anyway,this guy is a gump. He basically gambled his house away.

pristontale

newbie

Activity: 22

Merit: 0

OP should read The Intelligent Investor by Ben Graham and get a clue.

ravenjt

full member

Activity: 215

Merit: 100

He sold out in july for 600+. He has 10 other larger houses any way.
Dont feel bad.

redhawk979

sr. member

Activity: 271

Merit: 250

And this thread still gets funnier every day.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: jasonjm on October 03, 2014, 07:05:59 PM

some rich people just dont care

I had a friend who I told to buy bitcoin when it was $70, he bought 200 BTC for fun

when it was $1000+ I called him and said bitcoin is at 1000, he said oh

I spoke to him today said bitcoin is at $360, he said oh

dunno if op was wealthy but some people just dont care to the point of even following their "investment"

I like the imperturbability of this guy.

you: The super-volcano under Yellowstone just erupted! Flaming pumice is hurtling from the fiery sky!
him: oh.
you: Satoshi just got doxxed, he's actually a gay pornstar.
him: oh.
you: I was once a women...
him: oh.

Topic: I'm All In - Sold My House! - page 45. (Read 112616 times)