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Author Topic: 2013-05-03 HuffPo: Trump SoHo Condo Selling For $1.9M In Bitcoin Only  (Read 1306 times)
n8rwJeTt8TrrLKPa55eU
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May 03, 2013, 10:39:52 PM
 #1

Smart seller and great PR stunt for Bitcoin.

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The owner of a one-bedroom home in the Trump SoHo "condo-hotel" listed the unit on Thursday with the provision that it be bought exclusively in the money-substitute known as Bitcoin.

http://www.huffingtonpost.com/2013/05/02/trump-soho-condo-selling-for-19m-in-bitcoin-only_n_3203609.html?utm_hp_ref=new-york
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May 04, 2013, 11:04:28 PM
 #2

dropped in to visit today.  

beautiful building exterior and interior lobby.  didn't have an appt so i didn't get to see the unit itself.  but get this from the frontdesk guy:

it's a timeshare.  you only get it for x months/weeks of the year (he didn't know exactly how many months).  but you clearly can't go and live in it for even like a month at a time.  they also let overnight guests rent the condo as a normal hotel unit and a % of the nightly rates go to the shared owners.

needless to say, $1.9 M is an enormous amount for something like that.  i'd rather hold my bitcoins.

ps:  if the owner would like to correct me on anything i got wrong, please feel free to do so.
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May 04, 2013, 11:24:42 PM
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Yeah that doesn't sound right. $1.9M for a one bedroom timeshare?
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May 05, 2013, 12:18:40 AM
 #4

You could buy one thousand nights in a nice hotel at 1900$ per night with that kind of money.
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May 05, 2013, 04:59:36 AM
 #5

Yeah that doesn't sound right. $1.9M for a one bedroom timeshare?

hey, its NY City.

i asked him if this was a typical price for all the units in the building and he said yes.
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May 05, 2013, 03:15:09 PM
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To me the fact that some guy owning such an apartment is trying to grab a large amount of bitcoins by doing it in the techkiddy way  is way more interesting than the condo itself.

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May 05, 2013, 09:23:42 PM
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You could buy one thousand nights in a nice hotel at 1900$ per night with that kind of money.

True, but if you buy that property, you can live there 1000 nights then potentially sell it for more and make a profit.

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May 07, 2013, 09:32:58 AM
 #8

You could buy one thousand nights in a nice hotel at 1900$ per night with that kind of money.

True, but if you buy that property, you can live there 1000 nights then potentially sell it for more and make a profit.

But do you want to live there instead of in a nice hotel?
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May 07, 2013, 02:07:21 PM
 #9

what happens to bitcoin prices if it actually sells?  Does bitpremier dump them on the market?
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