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Title: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: alyssa85 on February 12, 2018, 11:32:32 AM https://cointelegraph.com/news/a-pair-of-british-entrepreneurs-sold-50-luxury-flats-for-bitcoin-in-dubai
Quote Two entrepreneurs from the UK - the founder of the Ultimo lingerie brand baroness Michelle Mone and her billionaire partner Douglas Barrowman - have sold 50 luxury apartments in Dubai that they originally promised to put on offer for Bitcoin last September, according to a report published by Business Insider Feb. 10. The $325 mln luxury development Aston Plaza and Residences was launched in Dubai in September 2017 and is set to be completed by 2020. Upon the announcement of the project, Mone and Barrowman promised to offer 150 out of the 1,300 apartments that comprise ‘Aston’ for Bitcoin. By February, 50 of those apartments have already been sold, the two entrepreneurs told Business Insider. Michelle Mone added that some of the buyers purchased two apartments each, and one person bought as many as ten. The property on offer in Bitcoin ranges from studios that cost $130,000 a piece, approximately equal to 15.5 bitcoins at press time, to two-bedroom apartments for $380,000 each or, roughly, 45 bitcoins. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: LegendX on February 12, 2018, 11:36:58 AM So it seems like bitcoin is developing more and more. This is good for bitcoin. It becomes popular and it has great potential to grow
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: maltize on February 12, 2018, 11:43:36 AM Well, this does not surprise people. Many know that for bitcoins you can buy apartments, cars, pay for services in a restaurant and buy things in stores. This process can not be stopped.
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: okae on February 12, 2018, 11:51:38 AM The property on offer in Bitcoin ranges from studios that cost $130,000 a piece, approximately equal to 15.5 bitcoins at press time, to two-bedroom apartments for $380,000 each or, roughly, 45 bitcoins. Intelligent move, they will multiply their money this year, maybe by looking at people like them and how many profit they will get, other investors could jump into bitcoin too, seems like there are good movements with bitcoins and housing in that country. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: alyssa85 on February 12, 2018, 11:53:36 AM The property on offer in Bitcoin ranges from studios that cost $130,000 a piece, approximately equal to 15.5 bitcoins at press time, to two-bedroom apartments for $380,000 each or, roughly, 45 bitcoins. Intelligent move, they will multiply their money this year, maybe by looking at people like them and how many profit they will get, other investors could jump into bitcoin too, seems like there are good movements with bitcoins and housing in that country. It's great publicity for them too - it's a wonder other firms arn't doing the same just to attract attention. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: daniweb on February 12, 2018, 11:54:04 AM That's really smart. They will owe more than what is now the flats value. Good for them!
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: udivkx on February 12, 2018, 11:57:05 AM The property on offer in Bitcoin ranges from studios that cost $130,000 a piece, approximately equal to 15.5 bitcoins at press time, to two-bedroom apartments for $380,000 each or, roughly, 45 bitcoins. Intelligent move, they will multiply their money this year, maybe by looking at people like them and how many profit they will get, other investors could jump into bitcoin too, seems like there are good movements with bitcoins and housing in that country. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: teilwalL05 on February 12, 2018, 12:13:44 PM It is their own money so they can do what ever they want from it, And I really think they are just desperate in making big with bitcoin and the sudden drop of bitcoin have given them the opportunity in selling their Luxury flats in exchange in getting really rich in the future, It might be a dumb move because you can surely just invest a little but this kind of desperate move will surely take up their courage on the risk that might involve in doing it,
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: LFC_Bitcoin on February 12, 2018, 12:19:54 PM Very clever to sell if they’ve done it at the current price because it’s almost guaranteed we’ll see bitcoin’s price rise fairly significantly in the next year or so.
Very intelligent business there. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: jseverson on February 12, 2018, 12:26:40 PM 50 have already been sold? That's ridiculous. I'd have thought it would be a very niche marketing move that would attract one or two customers, but 50? Sure some customers bought more than one, but still. I guess I've been underestimating how widespread Bitcoin already is.
What would be interesting to know is whethere there are advantages for customers to use Bitcoin. Do they give out special discounts or perks or whatever? I could see some people buying Bitcoin just to use it in this case. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: tegarp90 on February 12, 2018, 12:28:24 PM Congrats for the buyer, bitcoin is in bullish mode right now, he will make double profits for the flats selling :P
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: XEOP$ on February 12, 2018, 09:06:08 PM Sure one day those 50 will return them Dubai skyscraper. Crossing fingers.
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: Thadeous on February 12, 2018, 09:15:04 PM Very clever to sell if they’ve done it at the current price because it’s almost guaranteed we’ll see bitcoin’s price rise fairly significantly in the next year or so. Very intelligent business there. It was smart because of huge hype around this deal. Expensive and luxury purchases attract ten times more attention if to add words like "crypto" or "Bitcoin" into headlines. ;) Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: btc_angela on February 12, 2018, 09:17:38 PM Actually this is not a first, there's been a luxury home in London being offered as well.
https://www.thesun.co.uk/news/4467612/posh-1-7-million-house-in-south-london-becomes-uk-first-to-be-offered-for-digital-bitcoin-currency/ I think the real state business has see potential in attracting potential buyers if they are going to offer it with bitcoin and crypto. And yes, this is a great news for the ecosystem as well. And I guess that the real state company is also a bitcoin investor that's why they are willing to accept and probably Hodl on it. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: Thadeous on February 12, 2018, 09:33:31 PM According to me selling them for USD is waaaay better for the market. Because the seller will buy BTC afterwards and the USD will be invested in the Market. In this scenario we simply change the bitcoins from 1 wallet to another.. Anyway pshycologically it has benefits and its good for the community :) It depends on what seller is going to do with BTC after the deal: hold it or sell it for USD. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: Pan Troglodytes on February 12, 2018, 09:48:54 PM Seems like for the enterpreneurs the better part of the deal was buying bitcoin when it was still cheap, and not selling the appartaments ;)
The buyers, on the other hand, sold their bitcoin when it was cheap. Anyway, it is an interesting alternative for people asking how to exit their bitcoin investment - judging from the threads on bitcointalk, they usually ask how they can sell their bitcoin to fiat, forgetting that they might purchase a real world asset (like real estate) and use it for investment or sell it later to fiat. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: StefanPLU on February 12, 2018, 10:24:57 PM Not bad, they get paid in Bitcoin and Bitcoin goes up lets say even by 30 %, good for them, really good.
More companies should accept Bitcoin as a payment ! Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: farhaan on February 12, 2018, 11:55:18 PM Dubai has always supported innovative technologies and so bitcoin being an innovative currency, we could expect more such news from there.
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: bohr on February 13, 2018, 01:00:52 AM 50 have already been sold? That's ridiculous. I'd have thought it would be a very niche marketing move that would attract one or two customers, but 50? Sure some customers bought more than one, but still. I guess I've been underestimating how widespread Bitcoin already is. A person bought 10, so at best 30 to 35 people bought those apartments and not 50 but I do not find it that odd, those are people that have many bitcoin already and have decided to start using them, if you can use bitcoin directly instead of first converting it to fiat that is a move most of the users in the forum will do if they had the bitcoin to buy those apartments, while I do not have a lot of bitcoin I'm waiting for bitcoin to become even more valuable and for something like that to appear in my country.What would be interesting to know is whethere there are advantages for customers to use Bitcoin. Do they give out special discounts or perks or whatever? I could see some people buying Bitcoin just to use it in this case. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: peter0425 on February 13, 2018, 01:17:52 AM Dubai has always supported innovative technologies and so bitcoin being an innovative currency, we could expect more such news from there. Yes, I agree with you. There are very supportive and held blockchain summits in the past. Actually there is one coming in April. https://dibs.ae/ I'm sure that the realtors is really into crypto. Why would they accept bitcoin as payment if they don't have any in the first place? But it's really a welcoming to hear that bitcoin is slowly sipping in to those industry which we wouldn't thought that will adopt it. So its gonna be a win-win situation. Bitcoin gaining good publicity then those potential buyers buy bitcoins so that they can get the apartments then realtors holding and dumping when the price goes high. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: colmenajose on February 13, 2018, 01:56:41 AM They are investors with a very clear vision of the excellent future that awaits Bitcoin. It is logical to think that investment in bitcoin guarantees a very high return on investment.
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: AltcoinAuthority on February 13, 2018, 04:25:17 PM Sure one day those 50 will return them Dubai skyscraper. Crossing fingers. All they need to do is put that Bitcoin inside a wallet and keep it or sell it with regrets because the price is small now.Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: bitfocus on February 13, 2018, 04:36:21 PM real smart businessmen! also, such news helps to grow Bitcoin acceptance in the economy.
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: CryptoBeefy on February 13, 2018, 04:42:56 PM Many believe that the value of bitcoin over the coming year and beyond will see Bitcoin's price dramatically increase. If this happens, the boys have been very smart as they'll make a lot more in the long run!
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: Kprawn on February 13, 2018, 04:50:55 PM I cannot see why people are interested in buying any property in Dubai. The place is hot and humid and very expensive and
the religion is very strict. {not really a place for westerners} ... I would much rather buy a place in the country side in the UK or USA where the climate is much better. Well different stroke..... obviously. Most of the property there is very over priced. ::) Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: Mateox on February 13, 2018, 04:57:41 PM I would do the same. That was the right call. People need to take the advantage of this transition from fiat to crypto.
I don't think that earnings like this will be possible after 10 years or sooner. Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: bohr on February 17, 2018, 02:27:39 AM I cannot see why people are interested in buying any property in Dubai. The place is hot and humid and very expensive and As you may guess I have never been to Dubai but for what I have read and heard Dubai is not as strict as other countries, second people have different interest about what to do with their bitcoins, maybe for them that is just a vacation house or maybe they need to spend a lot of time in the country and they need a property there or maybe they just wanted to use their bitcoin for something and they took the chance to buy some property.the religion is very strict. {not really a place for westerners} ... I would much rather buy a place in the country side in the UK or USA where the climate is much better. Well different stroke..... obviously. Most of the property there is very over priced. ::) Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: l0uisStanley on February 26, 2018, 02:33:59 PM This doesn't surprise me. I like how things are developing with more. All I can do is to expect more and more to hear about bitcoin
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: alekseidanilov0803 on March 19, 2018, 10:29:18 AM crypto-currencies in the world is becoming more and more spread. The demand for them is growing. In connection with the beginning of legalization of crypto-currencies, Japan Japan Singapore USA interest in it is becoming, in fact,
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: BrentMack on March 19, 2018, 10:58:17 AM With things like these happening, the demand for cryptocurrency will increase the more people discover that they can use it to purchase things like they can do with fiat. A lot of new investments will come in which will increase demand and in return increase the price.
Title: Re: A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai Post by: Girtod on March 19, 2018, 11:03:25 AM this suggests that it is still convenient to pay with bitcoin and I hope that all of us will be able to earn bitcoins and afford such purchases
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