I'm All In - Sold My House!

[prophetx]

It's kind of frightening to see so much bad financial advice gathered into one spot on the Internet. So far in this thread, we've been told that it might be a good idea to avoid traditional investments such as diversified baskets of stocks and bonds, and real estate as well. Because there could be a global economic disaster that destroys wealth for decades to come (which would be a first) and real estate requires maintenance.

So instead, put all your money into bitcoin, a 6-year-old experiment that has lost 70% of its value in the past year.  

I'm not saying you shouldn't invest some into bitcoin if that's what you want, but you've got to expect it to go to zero at this point. I hope you guys don't practice what you preach and are actually putting most of your retirement savings into traditional stock/bond portfolios.

no they are all waiting for the black swan global panic event when Jehovah comes riding from heaven with the 4 horsemen, Buddha, Bob Marley, Biggie and all non-BTC holders are thrown into a lake of fire.

[prophetx]

He should've sell his house for USD in 03/2014 and then just convert them to BTC. Not a smart move selling it one year later for Bitcoins.

He should've sell it in 2011

If he did it, he is bibibibibillonarie haha
I remember when i could buy thousand of btc with a few dollars... good times...

and now you feel as if you fail in life right?because you could of been a billionaire,you had the golden ticket opportunity. And blew it.
if i were you I swear I would kill myself.

Pretty sure there are some anti-bully lobbyists freaking out right now.  Seriously, who says that sort of thing anymore?  It's so 2006.

probably someone expressing his suicidal tendencies

[DonQuijote]

He should've sell his house for USD in 03/2014 and then just convert them to BTC. Not a smart move selling it one year later for Bitcoins.

He should've sell it in 2011

If he did it, he is bibibibibillonarie haha
I remember when i could buy thousand of btc with a few dollars... good times...

and now you feel as if you fail in life right?because you could of been a billionaire,you had the golden ticket opportunity. And blew it.
if i were you I swear I would kill myself.

Pretty sure there are some anti-bully lobbyists freaking out right now.  Seriously, who says that sort of thing anymore?  It's so 2006.

probably someone expressing his suicidal tendencies

LordSonjai, are you ok?

[LordSonjai]

He should've sell his house for USD in 03/2014 and then just convert them to BTC. Not a smart move selling it one year later for Bitcoins.

He should've sell it in 2011

If he did it, he is bibibibibillonarie haha
I remember when i could buy thousand of btc with a few dollars... good times...

and now you feel as if you fail in life right?because you could of been a billionaire,you had the golden ticket opportunity. And blew it.
if i were you I swear I would kill myself.

Pretty sure there are some anti-bully lobbyists freaking out right now.  Seriously, who says that sort of thing anymore?  It's so 2006.

probably someone expressing his suicidal tendencies

LordSonjai, are you ok?

Sure yes,I am fine,wonderful. Just expressing how stupid I would personally feel if I was him right now. I mean you got to feel some type of way after you missed the success once in a lifetime opportunity train. How could I live my life working some lame job knowing I could of been better ? Knowing I blew my chance?

[thms]

obviously OP was trollling.. I can't believe more than 30 pages of people believing in OP's troll post. No wonder bitcoin is full of scams, people believe anything they read on the interweb.

[LordSonjai]

obviously OP was trollling.. I can't believe more than 30 pages of people believing in OP's troll post. No wonder bitcoin is full of scams, people believe anything they read on the interweb.

Not really if he was trolling the most he could have been doing was pretending he is the guy that sold his house for bitcoin,its a true story.

[abercrombie]

Guys, I'm doing fine.  

It's been a cold winter but knowing that soon each Bitcoin will be $10k each keeps me going during the dark times...

[STT]

Not troll but there was no benefit in demanding payment in bitcoin.  I get the general hype on trying that and even Richard Branson likes that kind of thing but it was never necessary.  Take the cash as is normally convenient and then just buy the bitcoin yourself.  Thats no fun you might say but the thing is you can choose the timing far better as its alot of potential profit from both getting the best time to sell the house and the best time to buy the coins.

  For example, you can say I want to buy these coins monthly until I reach the full amount I want and he might have benefited that way.        Opposite to that some transactions could benefit from bitcoin truly and no hype needed, typically small fast transactions especially where you dont want a reversal or visa type involvement.  Also where the currency is unstable or the banking system perhaps not secure like Vietnam or more famously Zimbabwe you might well benefit from a bitcoin demand such as this

my point, wasnt 100% silly and if we see those factors increase in the world we could see houses sold this way again imo

[SkullCane]

Just a little reminder.
DON'T INVEST IN WHAT YOU CAN'T AFFORD TO LOOSE.

Good luck with it though. 

[smoothie]

Just a little reminder.
DON'T INVEST IN WHAT YOU CAN'T AFFORD TO LOOSE.

Good luck with it though. 

I am very surprised people have sold their house to buy bitcoin.

I certainly would only do it if I owned more than 1 piece of real estate and saw an undervalued bitcoin opportunity to buy in.

2014 was not the year I would have sold real estate for bitcoin. I was cashing out in the $780-$820 range.

Got a few things at $1120 peak in dec 2013.

Diversification is never a bad thing. Glad I did not hold 100% bitcoin in 2014. I sold about 60% for fiat and invested in other asset classes.

I personally think it is never a good thing to have all your eggs in one basket.

[bigtimespaghetti]

Just a little reminder.
DON'T INVEST IN WHAT YOU CAN'T AFFORD TO LOOSE.

Good luck with it though. 

I am very surprised people have sold their house to buy bitcoin.

I certainly would only do it if I owned more than 1 piece of real estate and saw an undervalued bitcoin opportunity to buy in.

2014 was not the year I would have sold real estate for bitcoin. I was cashing out in the $780-$820 range.

Got a few things at $1120 peak in dec 2013.

Diversification is never a bad thing. Glad I did not hold 100% bitcoin in 2014. I sold about 60% for fiat and invested in other asset classes.

I personally think it is never a good thing to have all your eggs in one basket.

This is something many people either learn the hard way or not at all.

[picolo]

Just a little reminder.
DON'T INVEST IN WHAT YOU CAN'T AFFORD TO LOOSE.

Good luck with it though. 

I am very surprised people have sold their house to buy bitcoin.

I certainly would only do it if I owned more than 1 piece of real estate and saw an undervalued bitcoin opportunity to buy in.

2014 was not the year I would have sold real estate for bitcoin. I was cashing out in the $780-$820 range.

Got a few things at $1120 peak in dec 2013.

Diversification is never a bad thing. Glad I did not hold 100% bitcoin in 2014. I sold about 60% for fiat and invested in other asset classes.

I personally think it is never a good thing to have all your eggs in one basket.

This is something many people either learn the hard way or not at all.

He sold his house in 2013, not in 2014. 2014 had many buying opportunities, I think Today is a buying opportunity at 310$/coin.

[SkullCane]

Just a little reminder.
DON'T INVEST IN WHAT YOU CAN'T AFFORD TO LOOSE.

Good luck with it though. 

I am very surprised people have sold their house to buy bitcoin.

I certainly would only do it if I owned more than 1 piece of real estate and saw an undervalued bitcoin opportunity to buy in.

2014 was not the year I would have sold real estate for bitcoin. I was cashing out in the $780-$820 range.

Got a few things at $1120 peak in dec 2013.

Diversification is never a bad thing. Glad I did not hold 100% bitcoin in 2014. I sold about 60% for fiat and invested in other asset classes.

I personally think it is never a good thing to have all your eggs in one basket.

This is something many people either learn the hard way or not at all.

He sold his house in 2013, not in 2014. 2014 had many buying opportunities, I think Today is a buying opportunity at 310$/coin.

Ya right, bitcoin's price is at 270 now, NOT a good time to buy as the currency is starting to go down very rapidly.

I wonder how the guy who sold his house is feeling as bitcoin dropped $50 in the last 48hrs. The price is continuing to drop consistently.

[inca]

Welcome to bitcoin alt troll!

[NotLambchop]

Welcome to bitcoin alt troll!

[serpicodk]

Just a little reminder.
DON'T INVEST IN WHAT YOU CAN'T AFFORD TO LOOSE.

Good luck with it though. 

I am very surprised people have sold their house to buy bitcoin.

I certainly would only do it if I owned more than 1 piece of real estate and saw an undervalued bitcoin opportunity to buy in.

2014 was not the year I would have sold real estate for bitcoin. I was cashing out in the $780-$820 range.

Got a few things at $1120 peak in dec 2013.

Diversification is never a bad thing. Glad I did not hold 100% bitcoin in 2014. I sold about 60% for fiat and invested in other asset classes.

I personally think it is never a good thing to have all your eggs in one basket.

This is something many people either learn the hard way or not at all.

He sold his house in 2013, not in 2014. 2014 had many buying opportunities, I think Today is a buying opportunity at 310$/coin.

Ya right, bitcoin's price is at 270 now, NOT a good time to buy as the currency is starting to go down very rapidly.

I wonder how the guy who sold his house is feeling as bitcoin dropped $50 in the last 48hrs. The price is continuing to drop consistently.

He has not been active since October 14, 2014. Maybe he became a wanderer.

[SirChiko]

Just a little reminder.
DON'T INVEST IN WHAT YOU CAN'T AFFORD TO LOOSE.

Good luck with it though. 

I am very surprised people have sold their house to buy bitcoin.

I certainly would only do it if I owned more than 1 piece of real estate and saw an undervalued bitcoin opportunity to buy in.

2014 was not the year I would have sold real estate for bitcoin. I was cashing out in the $780-$820 range.

Got a few things at $1120 peak in dec 2013.

Diversification is never a bad thing. Glad I did not hold 100% bitcoin in 2014. I sold about 60% for fiat and invested in other asset classes.

I personally think it is never a good thing to have all your eggs in one basket.

This is something many people either learn the hard way or not at all.

He sold his house in 2013, not in 2014. 2014 had many buying opportunities, I think Today is a buying opportunity at 310$/coin.

Ya right, bitcoin's price is at 270 now, NOT a good time to buy as the currency is starting to go down very rapidly.

I wonder how the guy who sold his house is feeling as bitcoin dropped $50 in the last 48hrs. The price is continuing to drop consistently.

He has not been active since October 14, 2014. Maybe he became a wanderer.

Actually he probably killed himself...

[NotLambchop]

... he probably killed himself...

He did nothing wrong.

[SirChiko]

... he probably killed himself...

He did nothing wrong.

Well, it's about mental stability of person, currently he may have lost all his money and everything he did own or he may become rich in next months.
It's on him if he can surrive the pressure.

[wobber]

... he probably killed himself...

He did nothing wrong.

Well, it's about mental stability of person, currently he may have lost all his money and everything he did own or he may become rich in next months.
It's on him if he can surrive the pressure.

That's modern bullshit. Mental stability has nothing to do will suicide. Samurais killed themselves too. Also lot of people choose to kill themselves for a cause.