I'm All In - Sold My House!

[STT]

Its fair to assume this house was not everything he owned.  It was inheritance so some unexpected fortune he used to speculate as he already had a living and accommodation elsewhere.  Its a risky bet but slightly less extreme then selling out something you were using.   House prices could still fall from here, bitcoin could still go up we'll have to see which was best.   I wouldnt have done it either but Im not thinking he was in 100% on this

[serpicodk]

... 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.

If he came here to make a post that he is all in, he will make a comeback if he succeeds.

[NotLambchop]

Its fair to assume this house was not everything he owned...

But the shame & embarrassment...  Imagine doing something that asinine & bragging about it?  Must be absolutely crushing

[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.

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.

Well it doesn't have to be stability it's also enviroment etc but when something bad happens in your life and you don't have someone to hold you back then it's the cause alot of times.

[SirChiko]

Its fair to assume this house was not everything he owned.  It was inheritance so some unexpected fortune he used to speculate as he already had a living and accommodation elsewhere.  Its a risky bet but slightly less extreme then selling out something you were using.   House prices could still fall from here, bitcoin could still go up we'll have to see which was best.   I wouldnt have done it either but Im not thinking he was in 100% on this

"I am now all in! I really believe in bitcoin. It is the future of the world." quote from OP post so from what he did write it seems like it was everything, no? Maybe i'm wrong.

[dakota neat]

Its fair to assume this house was not everything he owned...

But the shame & embarrassment...  Imagine doing something that asinine & bragging about it?  Must be absolutely crushing

That gives you an orgasm, right?

[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.

If he came here to make a post that he is all in, he will make a comeback if he succeeds.

Let's hope he will be back and happy with his decision!

[NotLambchop]

Its fair to assume this house was not everything he owned...

But the shame & embarrassment...  Imagine doing something that asinine & bragging about it?  Must be absolutely crushing

That gives you an orgasm, right?

Not quite, but made me smile.  The lark's on the wing; The snail's on the thorn: God's in His heaven, that sort of thing.  Gotta appreciate the little things in life
You sound a bit testy tho, anything to do with that slick BTCeanie BTCabies Bitcoin investment of yours?

[dakota neat]

Not quite, but made me smile.

Damn, you're really quite a sad fuck.

[NotLambchop]

Not quite, but made me smile.

Damn, you're really quite a sad fuck.

Since you autists have trouble identifying emotions, i'll help you out:
Smiling=happy
Frowning=sad

[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.

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...

He may have an other account. And he has an other life than Bitcoin. He has more than 600BTC that are still worth more than 150,000$

[NotLambchop]

...
He may have an other account. And he has an other life than Bitcoin. He has more than 600BTC that are still worth more than 150,000$

Going by the smooth financial dealings that he made us all privy to, probably sent it to help out a Nigerian Prince.  Because altruism.

[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...

He may have an other account. And he has an other life than Bitcoin. He has more than 600BTC that are still worth more than 150,000$

Well i don't say he doesn't i just deduct it from the fact that he writes multiple times "i'm all in".

[µ]

Let's see...

[RD965]

With Great Power Comes Great Responsibility

Indeed, nothing wrong about the move, also the house was heritage

[STT]

Well i don't say he doesn't i just deduct it from the fact that he writes multiple times "i'm all in".

Its an expression like a poker play but hope he wasnt literally putting it all in.   An example of that was the Australian miner who got divorced and literally sold his life including the job and everything he owned.
The OP didnt sell his job and I hope was not being quite that extreme to have nothing left.  My suggestion was he buy a smaller house and only 'gamble' the difference, it would still amount considerably if bitcoin were used as a global currency by even 1%

[cakebet]

lol  I've been getting a lot of spam lately from missionaries doing god's work in west Africa. Has the Nigerian prince been dethroned?

...
He may have an other account. And he has an other life than Bitcoin. He has more than 600BTC that are still worth more than 150,000$

Going by the smooth financial dealings that he made us all privy to, probably sent it to help out a Nigerian Prince.  Because altruism.

[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.

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.

If that is true then there is a huge lag time in his posting it on the forum (this thread) as it was posted at:

   
I'm All In - Sold My House!
March 09, 2014, 06:01:52 PM

[smoothie]

Well i don't say he doesn't i just deduct it from the fact that he writes multiple times "i'm all in".

Its an expression like a poker play but hope he wasnt literally putting it all in.   An example of that was the Australian miner who got divorced and literally sold his life including the job and everything he owned.
The OP didnt sell his job and I hope was not being quite that extreme to have nothing left.  My suggestion was he buy a smaller house and only 'gamble' the difference, it would still amount considerably if bitcoin were used as a global currency by even 1%

If the OP was all in (from his own claim) then he was foolish to have done that even if the timing was right.

In my opinion you should not sell your only piece of real estate and probably your biggest asset for bitcoin.

The guy is either now renting or on the streets. I feel for his family if he indeed is homeless.

GOOD RULE OF THUMB: Never go all in.

Even when I was buying Litecoin sub $0.01 in 2012 I did not go all in. At most I was 80% vested in it of my net worth. Was buying silver and had some cash.

[smoothie]

lol  I've been getting a lot of spam lately from missionaries doing god's work in west Africa. Has the Nigerian prince been dethroned?

...
He may have an other account. And he has an other life than Bitcoin. He has more than 600BTC that are still worth more than 150,000$

Going by the smooth financial dealings that he made us all privy to, probably sent it to help out a Nigerian Prince.  Because altruism.

Off topic: Are you getting spam on the forum or your email inbox?