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Topic: I'm All In - Sold My House! - page 9. (Read 112596 times)
This is definitly the best thing he did in his whole life ! In maximum a dozen of year, he will be millionaire, but surely before this time !
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That's a big big risk. You shouldn't put on the money which you can't afford to lose.
Good luck anyways.
Good luck anyways.
Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
I agree.
OP showed huge balls when selling his property for BTC and he has my respect for going through all this lows and dramas we had during that time. Sure this is gambling on a very high level, but if it plays out well for him in the next years he fully deserves it.
But it is very risky of course. But I respect you mate. And hope for you that you will have profit.
sometimes you have to take big risks if you want to make a big change in your financial life. but i think it is never a good thing to go all in even if it turns out ok in the end, it would be super risky and losing money is no fun and the more you invest the more you will lose even with a small change.
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
that is a very risky thing, you also should think that if you'll make lots of profit you should buy that house back
also halving will come pretty soon in just few months so you should be really happy to have all these bitcoins now, i hope you will get lots of profit
That is very good to go all in, but that can also be very risky, if the value is going down than that will be not good for you.
But lets not wait for that. And just wait and see for what will happen with the value. I think that it will rise in the future.
But it needs take some time and that is the bad thing.
But lets not wait for that. And just wait and see for what will happen with the value. I think that it will rise in the future.
But it needs take some time and that is the bad thing.
Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
I agree.
OP showed huge balls when selling his property for BTC and he has my respect for going through all this lows and dramas we had during that time. Sure this is gambling on a very high level, but if it plays out well for him in the next years he fully deserves it.
But it is very risky of course. But I respect you mate. And hope for you that you will have profit.
I have the same feeling. It needs lots of courage to do that.
Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
I agree.
OP showed huge balls when selling his property for BTC and he has my respect for going through all this lows and dramas we had during that time. Sure this is gambling on a very high level, but if it plays out well for him in the next years he fully deserves it.
But it is very risky of course. But I respect you mate. And hope for you that you will have profit.
Great history indeed. Hope more houses, cars and all is sold in BTC soon.
Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
Well done for being in profit. I hope you come back for another update. Have you thought of using your $5000 profit to maybe diversify, just in case? Hold it in bonds or another crypto, just in case?
That is very risky mate. You never know what the value will be with Bitcoin. And that is not good.
I hope for you that you are lucky and that you can have some a lot of profit with it and that you will be rich. But we will see for what is going to happen.
I hope for you that you are lucky and that you can have some a lot of profit with it and that you will be rich. But we will see for what is going to happen.
Its risky but the whole bitcoin itself is risky if you ask me, I think its pretty cool if you do this, you are really have made a sacrifice for the bitcoin.
I think and hope you will make a lot of profit in the future but it will be rough time.
Congrats... a small step for a man, but a giant leap for mankind... 
imagine if price of bitcoin will fall to 100$ and bitcoin will die, then it would be giant step back for mankind
and you're huge gambler, no one would risk their house just for bitcoin, for chance to get more, i hope you understand that you can lose everything in blink of eye, anyway good luck to you
That is very risky mate. You never know what the value will be with Bitcoin. And that is not good.
I hope for you that you are lucky and that you can have some a lot of profit with it and that you will be rich. But we will see for what is going to happen.
I hope for you that you are lucky and that you can have some a lot of profit with it and that you will be rich. But we will see for what is going to happen.
Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
Agreed. So many just want to see him fail. That's jealousy for you though. Really hope it pays off for the OP.
He did a drastic measure in his life that will eventually be haunt him if he fails.
There are still a lot of way rather than selling his house and going all in.
Still hope he succeed on what ever plans he have in mind.
Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
Agreed. So many just want to see him fail. That's jealousy for you though. Really hope it pays off for the OP.
I salute you, your grit and your big balls. Holding through nearly 2 years of this drawn out Bear market takes bravery. The coins on the upswing, I hope your rewarded handsomely by the end of the year for your patience : )
Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
I agree.
OP showed huge balls when selling his property for BTC and he has my respect for going through all this lows and dramas we had during that time. Sure this is gambling on a very high level, but if it plays out well for him in the next years he fully deserves it.
It is very risky mate. You will never know what will happen with the value of Bitcoin, if it go down you will have nothing.
So you need to be lucky and that will be very difficult, but we will see for what is going to happen.
So you need to be lucky and that will be very difficult, but we will see for what is going to happen.
before invest at bitcoin you must believe in bitcoin technology, every investment have a risk, but bitcoin is lowest risk for me.
He could have been renting the house out and used that to pay for a respectable stash of coins by now. Even if was a free house that ain't something you should throw around lightly. Good luck to him anyway.
It is very risky mate. You will never know what will happen with the value of Bitcoin, if it go down you will have nothing.
So you need to be lucky and that will be very difficult, but we will see for what is going to happen.
So you need to be lucky and that will be very difficult, but we will see for what is going to happen.
That is surely a smart move, see you in a couple months under a bridge. I'll keep you company
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