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Topic: Man selling home for $135,000 in Dogecoins (Read 948 times)

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 08, 2014, 02:36:13 PM
#26
We have no idea how much of the Dogecoins will he keep for himself. Most probably he will convert more than 90% of them in to cash. Using DOGE was just a tactic to avoid the taxes.

avoiding the taxes?
Not a good move with all the recent IRS publicity.
Paying leaves you much less to worry about in the future.
hero member
Activity: 588
Merit: 500
Will Bitcoin Rise Again to $60,000?

I know which one you're thinking about. Wink
full member
Activity: 196
Merit: 101
Dogecoin is also getting popular day by day

Do you have any proof for this? Currently the Dogecoin trade volume is less than 0.1% of that of the Bitcoin. For heaven's sake it is not even in the list of the top 5 altcoins.

what?

according to coinmarketcap it's no.5, so in TOP 5 Cheesy

wait for it to appear in nascar Smiley
sr. member
Activity: 364
Merit: 250
hes gonna gamble it on doge dice, gonna make 1 g profits
legendary
Activity: 3766
Merit: 1217
Dogecoin is also getting popular day by day

Do you have any proof for this? Currently the Dogecoin trade volume is less than 0.1% of that of the Bitcoin. For heaven's sake it is not even in the list of the top 5 altcoins.
hero member
Activity: 490
Merit: 500
Amazing show of faith, good luck to him
hero member
Activity: 770
Merit: 500
Dogecoin is also getting popular day by day
legendary
Activity: 3766
Merit: 1217
We have no idea how much of the Dogecoins will he keep for himself. Most probably he will convert more than 90% of them in to cash. Using DOGE was just a tactic to avoid the taxes.
sr. member
Activity: 364
Merit: 250
I am really glad to see something like this. I want people to embrace Crypto the same way they do the dollar. We need competing currency and we need a hedge against a dollar collapse should it happen. "money" such as this could help greatly to reduce the damage from a value issue in paper money.
legendary
Activity: 2674
Merit: 2970
Terminated.
Or he has a lot of doge and want the value to rise. The potential buyer probably has to buy the doge somewhere and with someone buying that huge amount of dogecoins the price surely will rise.
He sure has to buy a lot of coins.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
Wow... If he sells it with dogecoins and changes them to dollars right away this makes no sense. Guess he really believes in dogecoin

That's the only thing that can describe his actions. If he is ready to buy less stable than Bitcoin cryptocurrency than he must believe the future of Dogecoin is good!

Or he has a lot of doge and want the value to rise. The potential buyer probably has to buy the doge somewhere and with someone buying that huge amount of dogecoins the price surely will rise.
newbie
Activity: 53
Merit: 0
Wow... If he sells it with dogecoins and changes them to dollars right away this makes no sense. Guess he really believes in dogecoin

That's the only thing that can describe his actions. If he is ready to buy less stable than Bitcoin cryptocurrency than he must believe the future of Dogecoin is good!
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
so what's going to happen to doge when everyone gets sick of the meme?

Many people love dogs and don't even know about the meme.
hero member
Activity: 994
Merit: 1000
so what's going to happen to doge when everyone gets sick of the meme?
sr. member
Activity: 266
Merit: 250
I want free lunch, i'm gonna go with this guy.
well, DOGE didn't loose millions to the feds and frauds yet.
legendary
Activity: 854
Merit: 1000
I saw this posted second time. Maybe they sell their house for doge  just to promote it but they will quickly exchange it to bitcoin or usd.

If the person selling the house is asking for DOGE , knows about cryptos so, why he doesn't ask for BTC in the first place? BTC is more widespread than DOGE  My guess is this person thinks that DOGE is a better investment than BTC at the moment.
full member
Activity: 154
Merit: 100
Since the amount in dollar value is very high dogecoin numbers would very huge amount
member
Activity: 112
Merit: 10
Wow... If he sells it with dogecoins and changes them to dollars right away this makes no sense. Guess he really believes in dogecoin

This is what I thought, guess he doesn't need the money from the house and his prepared to gamble with it. Brave man if you ask me.
legendary
Activity: 2674
Merit: 2970
Terminated.
member
Activity: 61
Merit: 10
I saw this posted second time. Maybe they sell their house for doge  just to promote it but they will quickly exchange it to bitcoin or usd.
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