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Gasturcas
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March 02, 2016, 03:58:57 PM |
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You are brave man. But if you did not sell soon after small profit, you will do it very well. The price is rising.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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Pesovanid
Newbie
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Activity: 16
Merit: 0
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March 11, 2016, 10:30:02 AM |
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I hope you will make a lot of bitcoin, not just the fiat from the action. The house price will not rise as fast as the bitcoin.
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bitcoin-hunter
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March 11, 2016, 10:47:11 AM |
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I hope you will make a lot of bitcoin, not just the fiat from the action. The house price will not rise as fast as the bitcoin.
I think op is being sarcastic. He/she probably doesn't even own a house. BTW going all in is a new i would never recommend. Always diversify. Betting on one horse makes you so vulnerable. |
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romero121
Legendary
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Activity: 3164
Merit: 1213
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March 11, 2016, 12:00:31 PM |
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His decision is wise. For what he have sold his will give him more houses to be built when few more years goes on.
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Pursuer
Legendary
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Activity: 1638
Merit: 1163
Where is my ring of blades...
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March 11, 2016, 12:36:06 PM |
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His decision is wise. For what he have sold his will give him more houses to be built when few more years goes on.
that is not a wise decision at all unless you have a way of seeing the future in your magic ball. what he did (or says he did) is what a gambler does. and that is not wise nor and investment, it is a gamble. of course there is always the possibility of a big profit but there is also the possibility of loss which is not small chance either. for example if you sell everything and buy now lets say at $400 and the price goes up in a couple of months then you might even double your money and buy a bigger house. but think of it this way, you don't have a home for that period and if price stays stable for a long time (lets say a year) you are stuck in this state for a longer time. and worst case scenario is the price goes down then you have lost half of what you had in the first place and now you are homeless on top of that. |
Only Bitcoin
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Wexlike
Legendary
Offline
Activity: 1473
Merit: 1086
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March 11, 2016, 12:53:20 PM |
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He got the house because a relative passed away. It didn't interfere with his daily life, and he wasn't homeless.
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Fabrizio89
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March 11, 2016, 01:01:52 PM |
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That is surely a smart move, see you in a couple months under a bridge. I'll keep you company
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Pollak
Full Member
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Activity: 182
Merit: 100
Pollak
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March 11, 2016, 02:27:41 PM |
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It is very risky mate. You will never know what will happen with the value of Bitcoin, if it go down you will have nothing.
So you need to be lucky and that will be very difficult, but we will see for what is going to happen.
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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March 11, 2016, 09:39:54 PM |
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He could have been renting the house out and used that to pay for a respectable stash of coins by now. Even if was a free house that ain't something you should throw around lightly. Good luck to him anyway.
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Scream
Sr. Member
Offline
Activity: 476
Merit: 250
U will never know the true answer, before you try
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March 12, 2016, 04:38:01 AM |
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It is very risky mate. You will never know what will happen with the value of Bitcoin, if it go down you will have nothing.
So you need to be lucky and that will be very difficult, but we will see for what is going to happen.
before invest at bitcoin you must believe in bitcoin technology, every investment have a risk, but bitcoin is lowest risk for me. |
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Denker
Legendary
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Activity: 1442
Merit: 1014
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March 12, 2016, 11:02:55 AM |
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Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
I agree. OP showed huge balls when selling his property for BTC and he has my respect for going through all this lows and dramas we had during that time. Sure this is gambling on a very high level, but if it plays out well for him in the next years he fully deserves it. |
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Ahab_Hunter_of_BearWhale
Member
Offline
Activity: 137
Merit: 11
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March 12, 2016, 04:45:16 PM |
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I salute you, your grit and your big balls. Holding through nearly 2 years of this drawn out Bear market takes bravery. The coins on the upswing, I hope your rewarded handsomely by the end of the year for your patience : )
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IamCANADIAN013
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March 14, 2016, 12:27:13 AM |
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Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
Agreed. So many just want to see him fail. That's jealousy for you though. Really hope it pays off for the OP. |
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nostal02
Member
Offline
Activity: 112
Merit: 10
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March 14, 2016, 05:43:56 AM |
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Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
Agreed. So many just want to see him fail. That's jealousy for you though. Really hope it pays off for the OP. He did a drastic measure in his life that will eventually be haunt him if he fails. There are still a lot of way rather than selling his house and going all in. Still hope he succeed on what ever plans he have in mind. |
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ultimatesky
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March 14, 2016, 11:16:13 AM |
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That is very risky mate. You never know what the value will be with Bitcoin. And that is not good.
I hope for you that you are lucky and that you can have some a lot of profit with it and that you will be rich. But we will see for what is going to happen.
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7Priest7
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March 14, 2016, 06:23:15 PM |
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Congrats... a small step for a man, but a giant leap for mankind...  imagine if price of bitcoin will fall to 100$ and bitcoin will die, then it would be giant step back for mankind and you're huge gambler, no one would risk their house just for bitcoin, for chance to get more, i hope you understand that you can lose everything in blink of eye, anyway good luck to you |
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praprata
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March 14, 2016, 08:10:46 PM |
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That is very risky mate. You never know what the value will be with Bitcoin. And that is not good.
I hope for you that you are lucky and that you can have some a lot of profit with it and that you will be rich. But we will see for what is going to happen.
Its risky but the whole bitcoin itself is risky if you ask me, I think its pretty cool if you do this, you are really have made a sacrifice for the bitcoin. I think and hope you will make a lot of profit in the future but it will be rough time. |
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alyssa85
Legendary
Offline
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
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March 14, 2016, 09:43:55 PM |
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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
Well done for being in profit. I hope you come back for another update. Have you thought of using your $5000 profit to maybe diversify, just in case? Hold it in bonds or another crypto, just in case? |
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Ya-ing
Member
Offline
Activity: 119
Merit: 100
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March 14, 2016, 11:29:08 PM |
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Great history indeed. Hope more houses, cars and all is sold in BTC soon.
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bitcoin-hunter
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March 15, 2016, 09:09:36 AM |
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Such negativity.
The guy held on through the longest bear market we've ever had, through sheer grit. And now we're on the upswing.
The initial decision to take such a deep plunge would have been proved foolhardy if he had sold at a loss. He didn't.
I agree. OP showed huge balls when selling his property for BTC and he has my respect for going through all this lows and dramas we had during that time. Sure this is gambling on a very high level, but if it plays out well for him in the next years he fully deserves it. You never know what will happen of course with the value. And I hope for him that he can have a lot of money later. But it is very risky of course. But I respect you mate. And hope for you that you will have profit. |
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