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Author Topic: Man sells house. Earns $20,000,000 from Bitcoins  (Read 1927 times)
anehh
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August 04, 2018, 06:22:45 PM
 #141

I was reading godlikeproductions in 2011 and there a man from UK posted a thread saying he is selling his house and buying £450,000 worth of bitcoins

After 6 months to 18 months, he posted there, he has earned some $20,000,000 from Bitcoins.   Shocked

Bitcoin is for those who dare to take risks, and the man has proven that if we want to get something big, then we must be prepared to face the risk. I admire the courage of those who dare to take risks that ultimately get big profits, in my opinion, if you are afraid of risk you should stay away from bitcoin, because we will not get anything big, if we always want to be in a safe or comfortable zone.
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August 04, 2018, 06:43:35 PM
 #142

This is what we call risk taking, it really takes extra courage to do such  a thing, but if he really did it then that is the the best investment ever and with such a person there is nothing to scare him in crypto investment.
chaoscoinz
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August 04, 2018, 06:50:03 PM
 #143

I was reading godlikeproductions in 2011 and there a man from UK posted a thread saying he is selling his house and buying £450,000 worth of bitcoins

After 6 months to 18 months, he posted there, he has earned some $20,000,000 from Bitcoins.   Shocked

Good to see that someone got in on the innovation earlier on. I had come across Bitcoin around the time they were $100 a coin.
I figured the best thing to do in order to learn about Bitcoin, was to watch and study it. I waited until Coinbase opened to begin my first investment. Wasted my 1 coin on pizzas and other fast foods like an idiot, years later I find the forum and the price moons, now I kick myself every time for not going all In before it skyrocketed.

memecoin
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August 04, 2018, 06:53:50 PM
 #144

I was reading godlikeproductions in 2011 and there a man from UK posted a thread saying he is selling his house and buying £450,000 worth of bitcoins

After 6 months to 18 months, he posted there, he has earned some $20,000,000 from Bitcoins.   Shocked

If I could return to 2009. I would be willing to accept selling everything like my house, car, and gold to buy Bitcoin. Then I will send Bitcoin into my wallet in the future. But that was a dream that never came true  Cry

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rez303
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August 04, 2018, 06:55:58 PM
 #145

Just as i though lol. Things aren't moving at the right pace to have that kind of earning nowadays. But imagine a guy who sold his house for btc back in 2013. It's a big risk that probably got the person a much bigger reward.

The Chinese investor bought 100,000 Bitcoins at $12000 and the price fell to $6000.
Chinese investors are overly confident in Bitcoin. I do not think big investors can give up huge amounts of money and buy Bitcoin at the highest price. But we can not predict the future. It is possible that Bitcoin may increase to $ 50,000 after one or two years

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August 04, 2018, 07:01:36 PM
 #146

The man's courage in taking risks is extraordinary, and I'm sure few people can do that. Maybe luck is being his, so he gets a big profit through bitcoin investment. But I can't imagine if luck isn't coming to him, of course it will be a very deep suffering by speculating too far to sacrifice his house. Whatever it is, he is a clear example that in investing in bitcoin, we might be able to get big profits, but of course there is a big risk too. We recommend that you be afraid of the risk. Then don't invest in bitcoin.

hirngespenst
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August 04, 2018, 07:09:09 PM
 #147

That man is very lucky. Actually, no one ever thought bitcoin can go to high like 20K USD! Many people rich now for that big pump. But many are now like homeless. Because when bitcoin was 19K USD, there was a hype that bitcoin will hit 40K USD. Then many people sold their house to invest in bitcoin and then the bad things happened! Bitcoin is now only 7K USD. So, those peoples are feeling too much panic. So, it is a normal matter. That man who earned a lot of USD, because he is a lucky guy.

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daedalus8
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August 05, 2018, 01:33:39 PM
 #148

wow how he do that? Now he can buy 100+ better house from his profit

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August 05, 2018, 02:36:16 PM
 #149

Risk and taking it. That man has got balls. Well, anyone thiking of doing such too should better think twice about current price situation. And if you'll go ahead, be prepared to 'forget it completely for years'.
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August 05, 2018, 02:44:02 PM
 #150

This is not a miracle as, the price of bitcoin was very low in 2011 that was nearly 1$ only and its price started rising at the mid of 2013 and then it started getting its centralization and reached very high price of 17,549$ this proves that the old investors of bitcoin were very lucky.
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August 05, 2018, 02:46:17 PM
 #151

 It is not assured that Bitcoin will give the same returns in the future too and hence it is recommended not to invest more than the loss-bearing capacity of the investor
Maybe luck is being his, so he gets a big profit through bitcoin investment
First77 (OP)
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August 05, 2018, 09:03:15 PM
 #152

wow how he do that? Now he can buy 100+ better house from his profit

and who will buy Bitcoin at $6000 ?? who has the money.
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August 05, 2018, 09:57:57 PM
 #153

Well ... even if this is true, then we must be aware of the whole essence of the risk of this act. but what would this person do in case of failure?
I'm still sure that spending money on crypto currency is only when you have available funds ... and this money is not lost.
And in general this is only one case of success, but how many were the cases of failure about which people did not speak to the whole world?
tabas
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August 05, 2018, 10:00:30 PM
 #154

It was a great news to hear, now it is best time to take risk and buy BTC what british guy had done
He'd done it not for this year but last year, he knew it that it will grow much for just few years and his expectation came to reality after few months.
wow how he do that? Now he can buy 100+ better house from his profit
Bought earlier and sold when price got higher.

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The Sceptical Chymist
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August 05, 2018, 10:08:30 PM
 #155

Often I dream, go back in time to invest all the money in bitcoin and sell it when it costs 20k.
I have that same dream, too.

The guy who sold his house got extremely lucky, but I think it was a stupid thing to do unless he really didn't need that house.  This is how insane people get during a bull market, and they're taking huge risks with that insanity.  And now that he made all that money, if I were him I'd go buy a nicer house and probably cash out the bitcoin and buy some income-producing stocks--but that's just me.

Bitcoin seems to be crashing down somewhat in the past few days, so this usually puts and end to people acting as silly as the house-selling guy.  What people should be doing right about now is buying bitcoin while it's relatively low.

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August 05, 2018, 10:09:01 PM
 #156

That was really tough decission!  if he really made it lucky he really is!!  I cant do that honestly but congratulations to that man and hoping i woud have that guts too but not to the point of selling my house but only investing more to gain more hopefully.. It is One good story of success in bitcoin world.
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August 05, 2018, 10:11:06 PM
 #157

I was reading godlikeproductions in 2011 and there a man from UK posted a thread saying he is selling his house and buying £450,000 worth of bitcoins

After 6 months to 18 months, he posted there, he has earned some $20,000,000 from Bitcoins.   Shocked


 Wow instant millionaire but that strategy is too risky. What if bitcoin fall dept more or it will pop just like a bubble? But he got lucky
First77 (OP)
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August 08, 2018, 01:32:58 PM
 #158

That's a luck because when someone did the same in december 2017 is not happy right now. That's very dangerous, but only if for that man the house wasn't the last one.

Yes, they might be selling their big house and moving to smaller house and home cooked food and $10,000 car. No more 5 star hotel food and luxury cars
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August 08, 2018, 01:57:32 PM
 #159

cool article! there are a lot of such examples! people who, at the very beginning of the development of the crypto world, began to move in this direction became very rich! This man believed in the whole system and made himself a colossal condition! we all are lucky too, because we too are at the very beginning of the development of the crypto world!

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August 08, 2018, 02:47:52 PM
 #160

I was reading godlikeproductions in 2011 and there a man from UK posted a thread saying he is selling his house and buying £450,000 worth of bitcoins

After 6 months to 18 months, he posted there, he has earned some $20,000,000 from Bitcoins.   Shocked


the person was very lucky because he could get bitcoin and sell it at the right time, I also got valuable coins but I didn't sell them at the right time and the next 2 months the price was very high.

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