“One Bitcoin, One House,” Nonsense or Reality?

[Doofus]

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. 

[Slow death]

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. 

Eh, what a sad story this guy told, he had a lot of losses, but times change, his advice is good, he gave those advice based on the experience he had in the past.

Offtopic

In this site news.8btc.com the price of bitcoin is $1151 in poloniex the price of bitcoin is  $1400

To be more exact  $1420 at this moment that i write.
 

[bitbunnny]

I wouldn't agree completely with this. Not all are professional traders and not all have so extensive knowledge but that doesn't mean they can't try their chances in Bitcoins trading and get some experiences. Some.people will find the trading is not for them and give up and some will succeed.

[doaremon]

I don't agree with this guy. Why can't anyone invest in bitcoin? If anyone knows about the market, they can invest and get a good profit. Its that simple! If I had money to spend, I will also gonna buy as much as I can.

[Kemarit]

They all started with the wrong notion about bitcoin. And it looks like that time they are "all-in" in bitcoin that why he suffered loses when the price slump. They don't really understand what bitcoin in the beginning. They all jump on the bandwagon thinking that they will become millionaires. Its not a get to rich scheme. This is the problem when they all started.

But the article also says that he bought bitcoin as store of value and save it for longer term. This I would agree because this is also my idea on what one should do if they have money. Bought bitcoin and save it for long term as investment because the price will exponentially double in the years to come.

[xuan87]

I wouldn't agree completely with this. Not all are professional traders and not all have so extensive knowledge but that doesn't mean they can't try their chances in Bitcoins trading and get some experiences. Some.people will find the trading is not for them and give up and some will succeed.

I agree, everyone should be given the chance to invest in bitcoin, most of us learn investing by reading the news and be brave to join the investment, by doing it we will gain the real experience for investment, so if we don't try we won't ever have the experience

I believe bitcoin can become a future currency but to make it mainstream, it still need a lot of time to happened, so to buy one house with one bitcoin still far from happening

[BitcoinHodler]

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.“

looks like all the bitcoin hodlers think alike:
Do not buy bitcoin IF...

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. 

it already has redefined currency. something that was centralized for many many years, is not decentralized and awesome.

and also i should add that all this only applies to those who want to invest in bitcoin but bitcoin is a lot more than just an investment. and if anyone thinks otherwise then they have not yet understood what bitcoin really is!

In this site news.8btc.com the price of bitcoin is $1151 in poloniex the price of bitcoin is  $1400

To be more exact  $1420 at this moment that i write.

poloniex is not a bitcoin/fial exchange and that price is not $ it is USDT price and USDT is not fiat it is an altcoin called tether which was supposed to be worth 1 USD but it couldn't keep up the promise and fell down to $0.91 last time i checked.

also price on 8btc (i think) comes from Chinese exchanges since that site is also Chinese. and price is low there because their exchanges are practically closed down.

[davis196]

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. 

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.

[jtipt]

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. 

This is something that I can agree to. Bitcoin is great new currency but in reality, only a fraction of the world population uses it. And yes bitcoin is not perfect, well cmon we already know the block size issue. So it is nowhere near to become a mainstream currency just yet and probably won't be for decades.

[Red-Apple]

to your subject i have to say it is possible. there is only 21 million coins available! if you compare that amount with other things such as gold for example the supply is too small and that means price can potentially rise to such prices that you can buy a house with 1 bitcoin.

but i don't like the approach of calling bitcoin an investment only, if we start treating it as only an investment then there won't be more adoption. there will only be whales holding large amounts of bitcoin and playing with the price to make more fiat! and that will never help bitcoin.

[Kprawn]

How are you going to learn if you not going to be hands on with this technology? Yes, the math and technical details behind this technology is

not for everyone. What you do need to know is, this is a scarce commodity and it will just increase in price over time as demand increase.

I highlighted that part on purpose, because I feel it is important that there should be a higher demand, linked to the scarcity. Trading in a currency

and commodity is all the same, if you understand the economic principles behind it. 

[iamTom123]

Maybe the guy is just making a warning of the risks involved in "investing" or holding Bitcoin  primarily because of its amazing volatility. However, I also do not agree that we have to limit the scope of Bitcoin for those who already have the knowledge in trading and in cryptocurrency. The only way we can make Bitcoin is to encourage more and more people to use the digital currency. Bitcoin should be for everybody though of course not everybody for Bitcoin...there should be no barrier whatsoever in inquiring it.

[szpalata]

Maybe the guy is just making a warning of the risks involved in "investing" or holding Bitcoin  primarily because of its amazing volatility. However, I also do not agree that we have to limit the scope of Bitcoin for those who already have the knowledge in trading and in cryptocurrency. The only way we can make Bitcoin is to encourage more and more people to use the digital currency. Bitcoin should be for everybody though of course not everybody for Bitcoin...there should be no barrier whatsoever in inquiring it.

I agree with you and think that he's only trying to suggest an elitist Bitcoin rather than the original Bitcoin which we know belongs to the masses. It's been volatile from day one and no one is disputing that but it shouldn't be the stambling block for newbies and wannabes because the more people get involved the better Bitcoin will be for all of us.

[Layla Mckenzie]

When you learn something, you have to learn it for good. That was the point for me, for that he said. Everyone can try to use btc, but I don't know if that will be good for the rest of us. What am trying to say is that big fishes eat the smaller ones, so new users just be careful and don't do stupid things with btc.

[Rinder]

One day bitcoin might worth a lot, but a lot things should change by those time, as we already know 2100 its expected to all bitcoins mined, but no one can predict the value on the next 2 years imagine into 83 years. I know bitcoin will be forced to get more and more value due to his code and mining suplly decrease to half after xx period, soo with that said btc can workt 4000 at 2020 from the current marker value.

[Mometaskers]

He probably lived though a slump or went all in that's he have that view. Anyone is free to get into bitcoins and it is for them to decide if they are willing to take the risk. Right now the price is at an all-time high, and that could encourage more people to buy in. Those would probably be the people who would end up disappointed.

I believe bitcoins would really change the way we do our finances and the only thing holding me back is of course my lack of funds. As with everything, be prudent and don't use money you can't afford to lose. IMHO those are the only ways to prevent disappointments later on.

[Denker]

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.

[BitcoinPanther]

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.

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.

When you learn something, you have to learn it for good. That was the point for me, for that he said. Everyone can try to use btc, but I don't know if that will be good for the rest of us. What am trying to say is that big fishes eat the smaller ones, so new users just be careful and don't do stupid things with btc.

Small fishes can stay away from the playground of big fishes so that they won't be eaten.  Big fishes love to play bitcoin market, so for small fishes to profit from this, they must hold their bitcoin and do not be affected by FUD and fake dump created by this whales.  Whales always wants profit so they will never crash or destroy their playing ground (bitcoin market).

[Pab]

One bitcoin-One house,depends where In Argentina you can buy house for 25000$ ,in Venezuela island Margherita you can find house for 15000$ i know places in Italy where you can buy house for 30000$ euro
In north Tenerife you can own house free without electicity if you want to get electricity you pay 1000 euro]
So sure 1btc 1house is very real

[Pearls Before Swine]

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. 

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.

Of course.  In fact I'd say most people think bitcoin is just a vehicle for quick profit.  Most people on this forum probably think the same way.  But I don't think this guy is delusional by any means.  Bitcoin has enormous growth potential, but we're still a ways away from the "one bitcoin, one house" thing.  Maybe 5-10 years away.