Mortgage the house and buy some back. Or get a second loan and buy some back. You will eventually be able to pay of the second loan and still have some coins in case (which there is a decent chance) we get to $100,000 and beyond.
Only on bitcointalk can you find this sort of advice. My goodness.
Debt is so deeply rooted in US folks mentality that it hurts. I really have a simpathy for Bitchick, I'm a long-term bull myself, but came on... To advise someone to get in debt (even worse, to mortgage his house) to buy a high-risk experimental currency is so fucked up it blows my mind. We where speaking about "opportunities you cannot afford to lose"... Well, being in debt or losing your house to gamble is something NOBODY should afford to do.
And that type of mentality leads me to think that eventually BTC will implode sooner than later, people tends to auto-destruction and greed is one of the main mind-fuckers.
Mortgage debt might as well be free right now, and having your entire net worth in a house is even stupider than having your entire net worth in bitcoins.
Bitchick is right.
If he owns nothing but a house he should take out a small enough mortgage that his salary could cover it if need be. The money should be invested in a diversified portfolio that should include some bitcoins. His net worth doesn't change, and he isn't relying on his local real estate market to maintain it.