Post
Topic
Board Speculation
Re: I'm All In - Sold My House!
by
IamCANADIAN013
on 04/04/2016, 05:15:33 UTC

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.

The house was in Crowsnet Pass Alberta, not Vancouver.  The housing market in Alberta right now is on a steady decline because the oil industry there right now is pretty much dead.