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.
Its cool indeed, but I do not know if its worth the risk, its a house you are talking about and this can really be a problem later if the bitcoin will be much lower at the end.
I hope it will let him make profit but there is still a chance that there will happen the opposite and lose a lot of money because of it.
If it has exponential growth, it also can be reverse as well.
But all the signs are there to be bullish, but its better to not risk the house and be homeless lol. Based on what youre talking on valuation.
I rather avoid that situation to be in.
The guy said that he's all in, which means house already sold...
Maybe he's in profit, maybe not...
Maybe he has bought his house back after making some profit that he wanted, and now living his life comfortable, who knows better...
I thought that picture was him living in a cardboard box now? he sold a prime title in the hottest market in the world for bitcoin.. he is down 300-400% in the short time he sold even though bitcoin didn't fall, the property prices have been going literally to the moon in Vancouver, we're talking about $25 million a view acre. BTC would have to rise to about $2k for him to break even.
I wonder if the buyer had to pay tax on that bitcoin or was it before the taxation of bitcoin, because otherwise the buyer got an even bigger steal of a deal.