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
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
Had you just done *nothing*,
The MLS® Home Price Index (HPI) rose 7.1% year-over-year in November.
The national average sale price rose 10.2% on a year-over-year basis
So yeah, horrible, still in the red, roughly $60k (not including the tax you paid on the sale), unless you're comparing what you did to selling your house for cash & stuffing that cash in a mattress (banks pay interest).
P.S. Please check in this time next year
Some people have stones and some people don't
Generally you won't get filthy rich by doing *nothing *
He might have gained 6% from *nothing* but will you say the same in a year if his gains are 600% or 6000%?
That house will still appreciate, albeit slowly
But it certainly doesn't have the potential of 650 odd btc