I'm All In - Sold My House!

[MatTheCat]

Ah, so you sold your coins and you're short?

I am neither short nor long.

I am all out of Bitcoin at the moment.

Never felt so relaxed in weeks.

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[joesmoe2012]

I'm all out of bitcoin atm as well - thanks mtgox.

[chesthing]

Making the assumption the op is for real. I'd sell at least 500 btc, holding it all is risky, reckless, stupid, nuts. Only the rich and financially secure early adopters have any business holding numbers like that.

[RicePicker]

Making the assumption the op is for real. I'd sell at least 500 btc, holding it all is risky, reckless, stupid, nuts. Only the rich and financially secure early adopters have any business holding numbers like that.

If you guys consistently knew when and what the market was going to do you guys would probably be rich by now. You could probably turn 10k in to 100k with all the opportunities that bitcoin has presented itself in the past 6 months. While I do not doubt any of your abilities to trade bitcoins and make a profit, it probably has  been 4-5x your initial deposit along with all the stress that it is accompanied with it. The OP is probably looking to hold 400k worth of coins for more than 1 or 2 years. The fact that you guys are telling him the price might drop 75% in one day should not phase him because the price has risen that much in a day too. I am young, taking risks is an opportunity that you can do when you are younger. You guys might be afraid that you will lose everything in a blink of an eye, but that is a risk that the OP is willing to take.     

[lyth0s]

It's a gamble, but if he's that young and doesn't need the house he's taking the risk for a possible future of billions. Good luck to you and you better have those bitcoins offline with multiple encrypted backups and super safe!

[EFS]

Wise decision. I'll quote myself when you have x10 your money.

[derpinheimer]

Good luck! I, like a lot of others, would definitely see a good chunk of it now. At least half.. just to reduce the risk. But, if you value the potential returns that much, then again - I wish you luck.

[madmadmax]

I will quote myself when you won't be able to sell the BTC and get half the price of your house, no doubt at the back of my mind.

Bitcoins won't last as an investment, stop with the greed.

[lyth0s]

I will quote myself when you won't be able to sell the BTC and get half the price of your house, no doubt at the back of my mind.

Bitcoins won't last as an investment, stop with the greed.

Rather than think of it as simply an investment I like to think that it will take over the whole fiat currency system rather than picture it as a "stock". Then by pure scarcity it's value will have to increase, rather than be inflated like your typical fiat printing factories

[TeeBone]

Ahh, to be young n' dumb again. I miss those exciting days.

[notserp]

lol sick gl man

[Mythul]

Just HODL ! You are going to be rich !

[sgk]

I really hope the OP has some financial backing other than that house he just sold for BTC. This can go either way in coming years; he can be a billionaire or he can be living on road.
And it would be a pity to see his father's property go for nothing.

[bitbob82]

how do you secure your 648 bitcoin?

you are on your own, no one can secure that for you

[gordoh]

Bro, that is insane... But I wish you good luck!

" You gotta risk it to get the biscuit! "

[Bit_Happy]

Hi All,

I have been following Bitcoin for over a year and was the first person ever to put my house for sale for bitcoin.

http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html

Not sure if you followed my story from a year ago, but the house just sold on Friday, and will make the news tomorrow I suspect. When the house closed on Friday I got approximately 648 BTC for my house which is based on prices over the past 6 months when the deal was actively negotiated, legal fees, realtor fees, and a bunch of contract wording that I frankly don't understand. I am now all in! I really believe in bitcoin. It is the future of the world. I look forward to the continued price increase and one day I plan to own my own island. I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck

Tay More

1) Figure out your actual cost/BTC (starting with what you would have wanted for the house, and estimating the fees), i.e. How much would you have now if sold the normal way?
2) Now sell at least ~10% of the BTC (this week!) for a very small profit and ~10% when up ~$100/BTC
3) Buy back for a profit when BTC falls.
4) Sell on rallies and repeat, since you are increasing your number of BTC.

The Bear Market could get nasty + by selling only 20% you are not risking "missing out" on a huge Rally.
Take this advice or you may later really wish you had, good luck.

[romerun]

Reserved

Will comeback after your coins are worth 100x
2016 I guess

[FNG]

When BTC runs up 5x within the next 6 months make an offer to buy the house back. That would make a good news story   

[Cluster2k]

I wish you luck with your investment and hope it plays out well. 

[podyx]

im curious on what was your buy in point? what price that is