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Author Topic: I am going to sell my bitcoin.  (Read 2410 times)
Elwar
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April 09, 2013, 03:21:06 AM
 #21

I will sell 1 bitcoin.

I will buy dollars with a single bitcoin when I am able to pay off my $160,000 mortgage with the proceeds from that sale.

That will be the last time I buy dollars with my Bitcoin currency.

All of the rest will be spent or held.

So you're going to sell a currency that went up 2000% in 8 months, to pay a mortgage that charges you 5-6% at the most???
I don't see it, sorry...
maybe you might want to reduce your bitcoin investment and sell half... but I wouldn't sell all!


No, I am reserving 1 bitcoin for my mortgage.


Actually, I believe that calls for a vanity address Smiley

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deathcode
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April 09, 2013, 03:42:29 AM
 #22

I will sell 1 bitcoin.

I will buy dollars with a single bitcoin when I am able to pay off my $160,000 mortgage with the proceeds from that sale.

That will be the last time I buy dollars with my Bitcoin currency.

All of the rest will be spent or held.

So you're going to sell a currency that went up 2000% in 8 months, to pay a mortgage that charges you 5-6% at the most???
I don't see it, sorry...
maybe you might want to reduce your bitcoin investment and sell half... but I wouldn't sell all!


No, I am reserving 1 bitcoin for my mortgage.


Actually, I believe that calls for a vanity address Smiley

So, you're thinking that one bitcoin can be worth 160,000? mmmm
by the time that happens, your mortgage might be paid in full already... Smiley

Elwar
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April 09, 2013, 04:57:11 AM
 #23

I will sell 1 bitcoin.

I will buy dollars with a single bitcoin when I am able to pay off my $160,000 mortgage with the proceeds from that sale.

That will be the last time I buy dollars with my Bitcoin currency.

All of the rest will be spent or held.

So you're going to sell a currency that went up 2000% in 8 months, to pay a mortgage that charges you 5-6% at the most???
I don't see it, sorry...
maybe you might want to reduce your bitcoin investment and sell half... but I wouldn't sell all!


No, I am reserving 1 bitcoin for my mortgage.


Actually, I believe that calls for a vanity address Smiley

So, you're thinking that one bitcoin can be worth 160,000? mmmm
by the time that happens, your mortgage might be paid in full already... Smiley

The dollar's future:



Thanks partially to this:

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Wekkel
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April 09, 2013, 06:39:43 AM
 #24

A dollar in cash, paper in your hand, could become very valuable if all that debt must vanish. Of course, you should not have a debt yourselves then.

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April 09, 2013, 06:42:49 AM
 #25

Elwar is our bullish trollmaster. Wink

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Elwar
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April 11, 2013, 10:15:02 PM
 #26

I still stand by this. I will be converting my currency with every paycheck and will reserve 1 bitcoin to buy dollars enough to pay off my mortgage.

The dollar is too risky.

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