I'm All In - Sold My House!

[Socket54]

Invest some of that into something alot more solid then bitcoin and protect yourself.

Gold maybe silver. Congrats but play it safe

I bought bitcoin @ $40 INSTEAD of buying gold and silver... which do you think was the best investment over the past 12 months?

But it woks both ways. Many people bought at $800 too. It wouldn't SEEM to be a wise investment now.

Certainly bitcoin was a winner at $40, what i mean is to protect yourself from the volatility of bitcoin. It can go back down to $40 just as fast because of fiat mostly. Government could easily say hey this is a threat to our fiat and ban it, like several have already done. In the US it is being investigated for just that reason and the fact it can be so usually be used by shady practitioners in their respective criminal endeavors. All it takes is a bill to be passed into law to make bitcoin lose huge capital.

So i say invest in something that you know backers of fiat will never ban or highly restrict, like and gold and silver which has a much better, very low volatility. Because if it ever came down to the more world powers feeling their currency of choice being threatened, you can bet bitcoin will be the one losing.

Sure save some of that btc, because like all things volatile it can shoot up in price too. I just hate the fact that if someone sneezes or passes a little bad gas in a sense, btc wildy fluctuates to that. Imagine if regulations and laws that are being considered are passed in the US. Alot of us would be losing big time

[knightcoin]

to OP

hope you free now ... Go--Pro HERO



https://www.youtube.com/watch?v=A3PDXmYoF5U

[picolo]

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! You are taking some risks but it may be awesomely, make sure to build a career in case it doesn't work

[freebit13]

Certainly bitcoin was a winner at $40, what i mean is to protect yourself from the volatility of bitcoin. It can go back down to $40 just as fast because of fiat mostly. Government could easily say hey this is a threat to our fiat and ban it, like several have already done. In the US it is being investigated for just that reason and the fact it can be so usually be used by shady practitioners in their respective criminal endeavors. All it takes is a bill to be passed into law to make bitcoin lose huge capital.

So i say invest in something that you know backers of fiat will never ban or highly restrict, like and gold and silver which has a much better, very low volatility. Because if it ever came down to the more world powers feeling their currency of choice being threatened, you can bet bitcoin will be the one losing.

Sure save some of that btc, because like all things volatile it can shoot up in price too. I just hate the fact that if someone sneezes or passes a little bad gas in a sense, btc wildy fluctuates to that. Imagine if regulations and laws that are being considered are passed in the US. Alot of us would be losing big time

I guess in the end it boils down to whether or not you believe the Gov can 'ban' bitcoin... I personally believe that's not possible. That doesn't necessarily mean they won't try and at the same time make posturings to show everyone that they are in charge and running things... it just means they won't succeed. IMHO.

[UglyTroll]

Gov doesn't need to ban bitcoin, it just keeps pushing bad news, it'll get what it want 

[freebit13]

Hey, it's not all bad... and I doubt they can ban it now... http://www.coindesk.com/congressman-jared-polis-accepting-bitcoin-donations-following-fec-ruling/

[shmadz]

Hey, it's not all bad... and I doubt they can ban it now... http://www.coindesk.com/congressman-jared-polis-accepting-bitcoin-donations-following-fec-ruling/

News like that make me want to cancel all my open bids and just hit market buy.

discipline is holding me back.

[smoothie]

Im all in again ..I sold my wife & kids into teh white slave market

Got a great family pakage deal as well ..

lol

Gotta leverage up your investment.

ALL IN! 

[bitcoinsrus]

Im all in again ..I sold my wife & kids into teh white slave market

Got a great family pakage deal as well ..

lol

Gotta leverage up your investment.

ALL IN! 

[Hyena]

Think of it, would aliens accept dollar? I don't think so. Would they accept Bitcoin? Sure, why not? If I can buy alien technology with bitcoin but not with fiat, then bitcoin will succeed whether the government wants it or not. You bears will be riding your petrol powered four wheel junks of metal while I'll be piloting a flying saucer with hot space babes.

[bitcoinsrus]

Think of it, would aliens accept dollar? I don't think so. Would they accept Bitcoin? Sure, why not? If I can buy alien technology with bitcoin but not with fiat, then bitcoin will succeed whether the government wants it or not. You bears will be riding your petrol powered four wheel junks of metal while I'll be piloting a flying saucer with hot space babes.

Bitcoin would be cool if you could only buy certain things with it.  Probably make it more exclusive and more desirable. 

[YipYip]

Think of it, would aliens accept dollar? I don't think so. Would they accept Bitcoin? Sure, why not? If I can buy alien technology with bitcoin but not with fiat, then bitcoin will succeed whether the government wants it or not. You bears will be riding your petrol powered four wheel junks of metal while I'll be piloting a flying saucer with hot space babes.

Bitcoin would be cool if you could only buy certain things with it.  Probably make it more exclusive and more desirable. 

I agree ...Cocaine,Hookers,Booze & Fast Cars

[knightcoin]

if bitcoin goes to $100, I will think seriously about I sell my kidney ...

[romneymoney]

When you buy a home and take a loan of 90 % to be paid by future wages, you in fact go all in on a single asset with a 10 to 1 leverage. That is risky.

Yup, leverage is always risky.  The job market and housing demand seem strongly correlated .  Job is lost, so income source dries up and the homeowner is underwater due to falling housing market, leaving them with limited and difficult options.  This seems to be the story of the past decade.  The really difficult thing is that it's not really a voluntary market, almost everybody demands housing.  Renters have to worry about being kicked to the curb by their landlord, which is a considerable risk to me.  In my life I was forced to move 3 times from rentals, twice because the owner sold and a third time because the complex was demolished.  Hodling a house isn't just an investment for most, it's a place to live and have a family.
And as always, don't forget property taxes  
another considerable cost that often increases during economic decline (less business tax income, residential tax raised)
I'm not sure what the winning move is that doesn't require a big starting stack of money.

[Erdogan]

When you buy a home and take a loan of 90 % to be paid by future wages, you in fact go all in on a single asset with a 10 to 1 leverage. That is risky.

Yup, leverage is always risky.  The job market and housing demand seem strongly correlated .  Job is lost, so income source dries up and the homeowner is underwater due to falling housing market, leaving them with limited and difficult options.  This seems to be the story of the past decade.  The really difficult thing is that it's not really a voluntary market, almost everybody demands housing.  Renters have to worry about being kicked to the curb by their landlord, which is a considerable risk to me.  In my life I was forced to move 3 times from rentals, twice because the owner sold and a third time because the complex was demolished.  Hodling a house isn't just an investment for most, it's a place to live and have a family.
And as always, don't forget property taxes  
another considerable cost that often increases during economic decline (less business tax income, residential tax raised)
I'm not sure what the winning move is that doesn't require a big starting stack of money.

Owning your house is qualitatively better than renting, because owning gives control, which you need to have a stable life. Because of this, owning should be more expensive, just like buying the majority of shares of a company is more expensive (per share) than just buying a small part. Of course everything is distorted by tax, inflation, interest rate and so on.

What could be possible, is that people buy a house that is rightsized, in stead of maximizing the house in order to save more. Housing is, in addition to being a consumer good, an asset for saving. The most straightforward non risk asset should be money, but as we know, currently fiat money does not have the wealth preservation trait.

Houses attract additional value because of its use in saving. It is tempting to leverage up in times of rise. Sadly, in the long run, over multiple bubbles/crashes, it will only hold its real value.

[knightcoin]

When you buy a home and take a loan of 90 % to be paid by future wages, you in fact go all in on a single asset with a 10 to 1 leverage. That is risky.

Yup, leverage is always risky.  The job market and housing demand seem strongly correlated .  Job is lost, so income source dries up and the homeowner is underwater due to falling housing market, leaving them with limited and difficult options.  This seems to be the story of the past decade.  The really difficult thing is that it's not really a voluntary market, almost everybody demands housing.  Renters have to worry about being kicked to the curb by their landlord, which is a considerable risk to me.  In my life I was forced to move 3 times from rentals, twice because the owner sold and a third time because the complex was demolished.  Hodling a house isn't just an investment for most, it's a place to live and have a family.
And as always, don't forget property taxes  
another considerable cost that often increases during economic decline (less business tax income, residential tax raised)
I'm not sure what the winning move is that doesn't require a big starting stack of money.

Owning your house is qualitatively better than renting, because owning gives control, which you need to have a stable life. Because of this, owning should be more expensive, just like buying the majority of shares of a company is more expensive (per share) than just buying a small part. Of course everything is distorted by tax, inflation, interest rate and so on.

What could be possible, is that people buy a house that is rightsized, in stead of maximizing the house in order to save more. Housing is, in addition to being a consumer good, an asset for saving. The most straightforward non risk asset should be money, but as we know, currently fiat money does not have the wealth preservation trait.

Houses attract additional value because of its use in saving. It is tempting to leverage up in times of rise. Sadly, in the long run, over multiple bubbles/crashes, it will only hold its real value.

well house bubble guys .. the good stuff about not owning a land is that I don't need to pay for electricity either ...

[knightcoin]

yeah ... electricity has got roots ... fanny indeed isn't  ?

[Swordsoffreedom]

Well I'm bringing this back as a Bull indicator since it looks like this is now becoming a smart investment decision
Time tells no lies but that also includes the price at the time of transaction

[picolo]

if bitcoin goes to $100, I will think seriously about I sell my kidney ...

If it goes to 100$ it will mean that there has been one or more huge bad news so it will be harder to buy it than now

[Benjig]

if bitcoin goes to $100, I will think seriously about I sell my kidney ...

If it goes to 100$ it will mean that there has been one or more huge bad news so it will be harder to buy it than now

It can go to 100 in a flash crash to rapidly recover back.. but if it stays at 100 for more than a week.. we had to see why happened, bit bitcoin all is possible, several times have crashed to less than 10% and recovered back..