It's true what he said before but is was the past, bitcoin has far more innovated and more users have put big amount of investment in this digital currency and in case you haven't notice this curency has matured from volatility because people has faith in it.
Some countries has started to adopt it and the recent legalization in japan this shows that bitcoin will reach a great price value in the future.
Topic: “One Bitcoin, One House,” Nonsense or Reality? (Read 5614 times)
Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.
He is right about bitcoin,but i don`t understand the meaning of "one bitcoin,one house".
Bitcoin isn`t ready to dominate the world economy and many investors think that btc is just easy profit or some Hyip.
One bitcoin one house is a real possibility and a touchable reality but the problem is when this will be real we would all be dead or at least most of us because maybe here there are really young people of age less than 20 years old. It will take several years until 1 bitcoin to reach 100.000 dollars as that is the minimum price to buy a house in a developed country. I agree with Zhang Dao whoever this guy is.
I don't know that is a bold statement to say because right now Bitcoin is price at 1440$ per Coin in which comparing to your goal is highly unlikely 100,000$ actually is a big amount and I don't think any usable currency can ever reach that kind of amount. I know everyone is thinking about Bitcoin being the currency of the future, but the future of Bitcoin itself is highly uncertain. With the government being an issue to it, even other competing Altcoins would be a threat to Bitcoin's growth in price. I would like to say is lets keep our goal realistically let us take advantage of what we have now. Who would have guessed that time that it would be worth a thousand times that much today?
I say if such a developement has already happened in the past, it proves that it is possible.
One bitcoin equals one house in a developed country in twenty years, I say why not.
One bitcoin one house is a real possibility and a touchable reality but the problem is when this will be real we would all be dead or at least most of us because maybe here there are really young people of age less than 20 years old. It will take several years until 1 bitcoin to reach 100.000 dollars as that is the minimum price to buy a house in a developed country. I agree with Zhang Dao whoever this guy is.
I don't know that is a bold statement to say because right now Bitcoin is price at 1440$ per Coin in which comparing to your goal is highly unlikely 100,000$ actually is a big amount and I don't think any usable currency can ever reach that kind of amount. I know everyone is thinking about Bitcoin being the currency of the future, but the future of Bitcoin itself is highly uncertain. With the government being an issue to it, even other competing Altcoins would be a threat to Bitcoin's growth in price. I would like to say is lets keep our goal realistically let us take advantage of what we have now. 
No we know bitcoin has a big price but one house for one bitcoin is a long run and we know that the price is increasing because of the demand also the mining limit every four years so the price could go down also so it possible to happen but need a long time.
One bitcoin one house is a real possibility and a touchable reality but the problem is when this will be real we would all be dead or at least most of us because maybe here there are really young people of age less than 20 years old. It will take several years until 1 bitcoin to reach 100.000 dollars as that is the minimum price to buy a house in a developed country. I agree with Zhang Dao whoever this guy is.
This is too boasting, if house has a price $ 120000? , How many years btc to reach the price with home? , This is too delusional in the long run, no one knows the future, or risk value will hit btc price.
If we will stick to one bitcoin only for buying a house then before the time that one bitcoin is enough to buy a house, we are already dead in that time and we can't buy one bitcoin = one house in our time because bitcoin will need a lot of money and time for the market to reach that point. So there is no chance for just 1 bitcoin to buy anything decent thing like house.it is true . Because for 5 years, dollars in bitcoin increased 0.5 billion, it is still quite long, but if buy a house in a barren region do not need to spend more than 1 btc, hehe.
This is too boasting, if house has a price $ 120000? , How many years btc to reach the price with home? , This is too delusional in the long run, no one knows the future, or risk value will hit btc price.
If we will stick to one bitcoin only for buying a house then before the time that one bitcoin is enough to buy a house, we are already dead in that time and we can't buy one bitcoin = one house in our time because bitcoin will need a lot of money and time for the market to reach that point. So there is no chance for just 1 bitcoin to buy anything decent thing like house.
This is too boasting, if house has a price $ 120000? , How many years btc to reach the price with home? , This is too delusional in the long run, no one knows the future, or risk value will hit btc price.
Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.
If bitcoin is going to redefine the term currency and it is expected to be very valuable why we must stay away from it, just so he can get even more profits? "if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.
Quote
In 2013, when some of his friends earned a lot from Bitcoin, Zhao thought maybe he should give it a try. He began to learn everything about Bitcoin and its underling technologies. At first, Zhao bought a mining machine with 40,000 CNY and mined 40 Bitcoins, which was really a bad bargain. Because at that time, the price of one Bitcoin was about 50 cents
Many things about this seem fishy - or the author is quite confused. E.g. Bitcoin was not "about 50 cents" in 2013. It hit dollar parity in Feb 2011.
There is no tested and proven "bitcoin world" where experience is an advantage.
Cryptocurrencies are uncharted territory. No one knows "what will happen". No one has been here before & there are no historical precedents which can be applied to deduce what the wholesale outcome will be.
Having experience with stock market trading or investments can be an advantage with trading on exchanges, many of the basic fundamentals apply.
But that doesn't apply to buying and holding BTC where there are many unknowns in terms of what the price ceiling is, fork implications and what effect mass adoption in japan, russia & other countries could have.
Cryptocurrencies are uncharted territory. No one knows "what will happen". No one has been here before & there are no historical precedents which can be applied to deduce what the wholesale outcome will be.
Having experience with stock market trading or investments can be an advantage with trading on exchanges, many of the basic fundamentals apply.
But that doesn't apply to buying and holding BTC where there are many unknowns in terms of what the price ceiling is, fork implications and what effect mass adoption in japan, russia & other countries could have.
For now, it does not make any sense. Well, maybe this time it takes 5 btc or more to buy a house, even more so nowadays very much need it. But, when bitcoin has a high price in the future, it might be possible, because we never know where the bitcoin potential is.
Seriously are you telling that you are able to purchase a house for just 5 btc which is insane and what part of the world you are in. For me to get a decent house i need to have at least a couple of hundred bitcoin and it is really difficult to reach that heights with the level i am earning now,lets see what the future holds with the price and i am always positive . 
Complete nonsese, I've never been able to fully understand how people think it would be possible that the bitcoin price would increase so much and people would still be wanting to buy it for such a high price. For this to happen, the BTC price would have to come to a point where it's at something like 400-500k per bitcoin.
This would mean pretty much anyone who owned a small amount of bitcoin when it was at like 2000 and below would get a substantial amount of money from the price rising this much. ALSO, you have to think about the supply and demand here.
I don't think they'll ever be such a demand unless something insane happens to Bitcoin, it just doesn't make sense to me at the moment.
This would mean pretty much anyone who owned a small amount of bitcoin when it was at like 2000 and below would get a substantial amount of money from the price rising this much. ALSO, you have to think about the supply and demand here.
I don't think they'll ever be such a demand unless something insane happens to Bitcoin, it just doesn't make sense to me at the moment.
For now, it does not make any sense. Well, maybe this time it takes 5 btc or more to buy a house, even more so nowadays very much need it. But, when bitcoin has a high price in the future, it might be possible, because we never know where the bitcoin potential is.
Realy everything depends on the engle you look from. Having in mind todays Bitcoin price and how bad situation is in some parts of the world that are very poor, you can already buy a house there for one Bitcoin or even less. But in some western relations of developed countries Bitcoin should achieve extremly high price to buy a house just for one Bitcoin and I'm not sure that this would ever be possible.
Zhao Dong is just bitter because his mining operations weren't that successful as he wanted them to be.
He tried to mine but if he would use that money he used to buy mining equipment to simply purchase BTC he would gain a lot more.
This is the reason he is warning people not to buy Bitcoin now - he grew jealous of others success.
He tried to mine but if he would use that money he used to buy mining equipment to simply purchase BTC he would gain a lot more.
This is the reason he is warning people not to buy Bitcoin now - he grew jealous of others success.
If you invested in bitcoin in earlier in 5-9years ago not possible that your a rich man now and can buy a house but even this day you can't buy a house with 1 bitcoin i guess even in the future bitcoin has a era every 4 years for the bitcoin limit so the price will go down also not just up.
Just looking at the current price, >99% of the HODLER has not lost any money if they hold on to their coins... I did bought fraction of a coin when it was at the 2013 ATH of about $1163... But now I am all green. Just hold!
One Bitcoin one house can happen pretty fast, at least in the countries the real estate bubble is about to pop!
So it's not unrealistic and mostly will depend on where you live.
So it's not unrealistic and mostly will depend on where you live.
If the prediction of the first investor of snapchat that bitcoin price will be $500k in 2030 happen, then we can buy a house with even lower than 1 bitcoin. Deflationary features plus exponential adoption can make the prediction happen.
You're right and I will not try to deny that. Neither me or any "expert" knows what's going to happen in the far future with Bitcoin and all other crypto currencies.
And yes Bitcoin has an enourmos upside potential.21 million tokens is nothing compared to ~7 billion people on this planet.If mass adoption should happen, 6 digits may be a goal in a few decades.But this is pure wild guessing.
And to support your argument with the snap chat investor. He isn't the only one saying that Bitcoin could reach 6 figures.There are people who think it BTC could be even worth more than a million USD. But I'm not one of the guys who likes to think so much into the future. Bitcoin i still very new technolgoy and a majority of the world population still have no clue how it works. Thefore I prefer to think in small steps. Bitcoin right now is like internet 1992-1995 imo. Patience is needed.
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