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Author Topic: [2016-01-26] Man Accidentally Makes $1.3 Million Buying a House With Bitcoin  (Read 234 times)
shane
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January 28, 2017, 02:47:22 AM
 #1

“We got approached last month by a real estate developer,” Singh told Bloomberg Markets. “He had an offer to buy a house, and the purchaser wanted to pay in bitcoin. And they weren’t really sure what that was, so they contacted us.”

Singh noted that Bitpay has helped facilitate these sorts of transactions several times over the past few years. “We walked him through how it works and the process,” said Singh.

The purchase price of the home in question was roughly $4 million.

https://bitcoinmagazine.com/articles/man-accidentally-makes-13-million-buying-house-bitcoin/

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January 28, 2017, 02:49:40 AM
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It's already being discussed in another thread. His bitcoins appreciated in value so he had to spend less of them to buy the house. The risk he took paid off. If he had lost 20% it would have been the opposite but the opposite doesn't mean he "lost 1.3m" because that doesn't make sense. It's not how profit works durp.
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January 28, 2017, 02:58:25 AM
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It's already being discussed in another thread. His bitcoins appreciated in value so he had to spend less of them to buy the house. The risk he took paid off. If he had lost 20% it would have been the opposite but the opposite doesn't mean he "lost 1.3m" because that doesn't make sense. It's not how profit works durp.
some people get money and some people lost his money at bitcoin tradeor at unstable bitcoin price. this is the risk using bitcoin to pay something, thats why i recomended to use bitpay, and convert it to US dollar real time.

thanks for your attention, better  i lock this thread, and continue disscuss at other thread
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