NorrisK
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Activity: 1946
Merit: 1007
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February 18, 2016, 08:52:57 PM |
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It's been two years. i wonder if the one who posted this still holds those bitcoins? If he does, then he should wait a little longer. If he doesn't, then he probably sold at a price in which he lose most of the sale from his house.
He posted a status update in December 2015. Should still be fairly accurate! Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
Looks like he is still holding even when the value of the bitcoins dropped by more than 50% in that time. He got lucky with the value of the canadian dollar though, but as he has not sold it doesn't really matter. It takes some balls to see 200k evaporate like that and stil stick with your plan. Hope it works out well for him. |
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Altynbekova
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February 18, 2016, 09:11:13 PM |
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That is pretty crazy but its of course your choice, you can now you a rich man with the bitcoins in your wallet.
I think its good that you sold it with the bitcoin, and you will make profit for sure in the future.
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Raimonn
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Activity: 1456
Merit: 1001
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February 18, 2016, 11:35:39 PM |
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Its crazy (if he only have this house, if he has more than one house provably he could afford a 200k dollars default). On some time his losing was near 50% . People needs to know that only has to invest what they can afford to loose. You can't sell your house because you think that bitcoin (the same cryptocoin or for any stock) will increase its price.
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hedgy73
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Activity: 1414
Merit: 1077
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February 18, 2016, 11:41:08 PM |
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I can only imagine he doesn't have a wife. If I told my wife I was going to sell our house for bitcoins she'd kill me!
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sartorpc
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February 18, 2016, 11:42:40 PM |
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You did a great thing for bitcoin, helping the coin become mainstream with this act of trust. Thank you mate.
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n691309
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Activity: 1526
Merit: 1001
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February 18, 2016, 11:44:46 PM |
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I checked the price of the bitcoin at the time when OP posted this thread and the difference (or the profit at the moment) is 86k+ if OP still has the bitcoins.
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MatTheCat
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February 19, 2016, 12:12:25 AM |
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I checked the price of the bitcoin at the time when OP posted this thread and the difference (or the profit at the moment) is 86k+ if OP still has the bitcoins.
Are you off ya head? Bitcoin was over $600 when the OP sold his house for Bitcoin!!! That is two years, of being seriously underwater, so much so that I have no doubt at all that the OP has already sold most of his Bitcoins for way way less than Bitcoin is currently prices. Always happens. By putting his faith in Bitcoin, the OP has blown a small fortune. |
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hedgy73
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Activity: 1414
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February 19, 2016, 12:14:55 AM |
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Some you win, some you lose. Perhaps he's still got the btc and waiting for the massive rise that everyone dreams about.
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r3t4rD4life
Jr. Member
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Activity: 76
Merit: 1
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February 19, 2016, 03:51:23 AM |
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I can only imagine he doesn't have a wife. If I told my wife I was going to sell our house for bitcoins she'd kill me!
Not anymore. He sold the wife with the house for an extra 10 grand. Hope it was worth it  |
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crairezx20
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Activity: 1638
Merit: 1046
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February 19, 2016, 03:56:22 AM |
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If i know this bitcoins before year 2012 i will buy 1000 bitcoins and hold it until now. maybe i had lots of money and i can buy house and lot.
And i can start a new business online.. But is just a dream and im still dreaming until now.. I hope bitcoin will rise above 10k value to have lots of money..
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brg444
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February 19, 2016, 04:54:47 AM |
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I checked the price of the bitcoin at the time when OP posted this thread and the difference (or the profit at the moment) is 86k+ if OP still has the bitcoins.
Are you off ya head? Bitcoin was over $600 when the OP sold his house for Bitcoin!!! That is two years, of being seriously underwater, so much so that I have no doubt at all that the OP has already sold most of his Bitcoins for way way less than Bitcoin is currently prices. Always happens. By putting his faith in Bitcoin, the OP has blown a small fortune. Oh how you like talking out your ass Mat. https://bitcointalk.org/index.php?topic=508254.msg13263187#msg13263187OP is probably breaking even right now |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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hasiramasenju
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Activity: 980
Merit: 1000
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February 19, 2016, 05:16:32 AM |
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OP was so brave because sold him house just only for buying bitcoin but my questions is did he get very much profit from that? because i'm very curious to know
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Next BillG
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February 26, 2016, 01:05:38 PM |
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OP was so brave because sold him house just only for buying bitcoin but my questions is did he get very much profit from that? because i'm very curious to know
We will find out that he has made a lot of profit in a year's time. The bitcoin price will rise to $2000 next year. |
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7Priest7
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February 26, 2016, 02:24:35 PM |
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That is very, very, very risky thing! Bitcoins aren't stable you might loose a lot of your money, but if you dicided to do that, then good luck for you
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gregyoung14
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February 26, 2016, 02:44:50 PM |
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That is very, very, very risky thing! Bitcoins aren't stable you might loose a lot of your money, but if you dicided to do that, then good luck for you
Actually this really took some guts. Very bold step. I really wish this would work out for you. You've given everything for this. |
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STT
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Leading Crypto Sports Betting & Casino Platform
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February 26, 2016, 02:54:56 PM |
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That is two years, of being seriously underwater, so much so that I have no doubt at all that the OP has already sold most of his Bitcoins for way way less than Bitcoin is currently prices. Always happens.
By putting his faith in Bitcoin, the OP has blown a small fortune.
He isnt under water, there is no requirement to hold his breath and it seems the OP has no pressure to act on a price change in bitcoin. If this is true it does mean its very possible he just simply holds and nothing else. I get the impression he is wealthy or in a good job that he decided to do this on the basis that only millions would make a real difference to his circumstances. Just selling because a price moves ignores every other factor, its the viewpoint of a pure speculator which Im guessing is not the case here |
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Monkey Luffy
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February 26, 2016, 03:01:43 PM |
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Really, how many more "I told you so" posts? The man made a decision. If he was smart enough to sell the house back then , im sure he will have put those btc to work.
If he just spend a couple hundreds on the likes of PBMining or GAW, he probably is up by around + $30,000 USD or more in the last months. Even at this price.
I wonder how many $5.50 per hour dudes are bashing this poor guy here. Its the internet, i guess.
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Red-Apple
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February 26, 2016, 03:44:55 PM |
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i am one of the true believers in bitcoin. so i have invested a lot of my money and time in bitcoin but this is just too extreme. you should never go all in, especially something that is high risk
although going all in is the most profitable but also the possible loss is going to be as great too.
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safari88
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February 26, 2016, 03:49:56 PM |
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maybe a lot of people collect bitcoin for their dream of owning a house, but this was reversed. you sell the house for bitcoin  |
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praprata
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February 26, 2016, 04:24:54 PM |
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maybe a lot of people collect bitcoin for their dream of owning a house, but this was reversed. you sell the house for bitcoin Yes I think its crazy, but also very good for the bitcoin plus its also pretty nice because the bitcoin is getting to a higher level because of these people. I'm serious I would never do it but you really have a lot over for the bitcoin, I hope you will get a lot of profit by it. |
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