I'm All In - Sold My House!

[podyx]

Feels good to be in the clear no?

[WaffleMaster]

Does anybody know what the price of Bitcoin was when this person sold their house? I want to know if they made a good decision or not and I think that they have probably held onto it for all this time even through the lower prices so...

[Moon_Man]

jgray you're my idol dude  

[_nur]

Just checking back today.

** Update **

I am still around.

I still have all my bitcoin.

If you check the original posting from 2 years ago, I did indeed sell my house for Bitcoin, and there are links to the actual news articles.

I currently live in Toronto now, and rent a house with friends.

The price of Bitcoin is currently at close to $700US or $900 CDN.

My original investment is worth $598,000 CDN.

My initial investment is up nearly 50% since I purchased Bitcoin 2 years ago.

Cheers,

Tay More

are you single?

[WaffleMaster]

Just checking back today.

** Update **

I am still around.

I still have all my bitcoin.

If you check the original posting from 2 years ago, I did indeed sell my house for Bitcoin, and there are links to the actual news articles.

I currently live in Toronto now, and rent a house with friends.

The price of Bitcoin is currently at close to $700US or $900 CDN.

My original investment is worth $598,000 CDN.

My initial investment is up nearly 50% since I purchased Bitcoin 2 years ago.

Cheers,

Tay More

are you single?

Wow I saw jgray was online but I didn't see that they posted! Congrats jgray what a baller. They went in deep and came out for the better.

[yefi]

Must say - whether you believe in this guy's actions or not - this thread is becoming EPIC.

[Syke]

Does anybody know what the price of Bitcoin was when this person sold their house? I want to know if they made a good decision or not and I think that they have probably held onto it for all this time even through the lower prices so...

He stated he's up 50%, that puts his buy-in point about USD 466/btc. +50% in 2 years is decent if you ask me.

[666Dev]

Glad the holder didn't sell when it was "dying" but indeed profited from what BTC did recently. All the best for this dude in future to come

[yefi]

He stated he's up 50%, that puts his buy-in point about USD 466/btc. +50% in 2 years is decent if you ask me.

Nah, his buy-in was somewhere in the low to mid-600s, the reason for the discrepancy is the depreciation of the Canadian dollar.

[Cybertron00]

Damn man you got some real guts selling your ancestral house for bitcoin. If I were you I would not do that because there's a small probability that bitcoin will fall in the future so better that you sell some of your bitcoin in the coming halving, just recover your investment and leave the extra.   Goodluck to that man hope bitcoin meets your expectation.

[criptix]

Zombies zombies everywhere.

Please stop necroing threads from 2014 :S

[WaffleMaster]

Zombies zombies everywhere.

Please stop necroing threads from 2014 :S

The OP came in here and posted an update. Don't be such a grump LOL it was a huge news story at the time as the first house sold for Bitcoin. Can you think of a more legitimate use for Bitcoin THAN BUYING A HOUSE?!

[gogodr]

Zombies zombies everywhere.

Please stop necroing threads from 2014 :S

The OP came in here and posted an update. Don't be such a grump LOL it was a huge news story at the time as the first house sold for Bitcoin. Can you think of a more legitimate use for Bitcoin THAN BUYING A HOUSE?!

I remember when this was all over the news. I'm glad to see the op coming back and updating us.
OP, are you planning on holding them all or do you have plans to lock in some of your profit.

[STT]

  Canada is the only western country to own no gold at all to back its currency and I guess the countries main asset is oil.   With the price down now, they are effecively devalued vs USA which is heavily supported as a reserve currency so from that point of view its smart not to be exclusive to one country

Must say - whether you believe in this guy's actions or not - this thread is becoming EPIC.

Quite ironic he listed as a noob because of only having six posts but he is quite a legend really.   I still wonder why only the one asset of bitcoin, I'd assumed he had a house elsewhere but renting with friends can be cheap also

[criptix]

Zombies zombies everywhere.

Please stop necroing threads from 2014 :S

The OP came in here and posted an update. Don't be such a grump LOL it was a huge news story at the time as the first house sold for Bitcoin. Can you think of a more legitimate use for Bitcoin THAN BUYING A HOUSE?!

Wow thats actually true. Im sorry for spamming and congrats to OP

[600watt]

Just checking back today.

** Update **

I am still around.

I still have all my bitcoin.

If you check the original posting from 2 years ago, I did indeed sell my house for Bitcoin, and there are links to the actual news articles.

I currently live in Toronto now, and rent a house with friends.

The price of Bitcoin is currently at close to $700US or $900 CDN.

My original investment is worth $598,000 CDN.

My initial investment is up nearly 50% since I purchased Bitcoin 2 years ago.

Cheers,

Tay More

a newbie with 6 posts, but a 64 page thread & balls of steel and approaching his first million $(can)...  very, very efficient. jgray, you showed them all. congrats, mate.

[sirohige]

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

wow now you are millionare you have arround $453.600
i think better you holding your bitcoin until reach $10.000 for 1bitcoin

[praprata]

That took some balls!  You'll make a fortune if you HODL.

You have some balls if you are selling your house for some Bitcoins I would never do that because my home is my base. Only for some millions I would be able to sell my house.

[BitsandBites]

how stupid can you be just going all in and sell your house just for a gamble this is what i mean you cant go all in with gamble it will only wreck your life i dont understand why people are doing this.

[emanymton]

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

You will find this is the best decision you could possibly ever make. Well done