Quote from: donadoni212 on December 07, 2018, 01:04:16 AM

Quote from: Linwood Pitts on December 06, 2018, 07:03:37 PM

I mortgaged my house to buy $300,000 of ETH at 800. I dod not tell her. This house was paid off in full. Now I cant make the mortgage payments with my job. I cant even sell the ETH easily because I live in NH. Should i keep holding? Tired of making excuses about wherr all the money is going. I guess I'm what you call a loser. Thanks everyone.

however, you have already made the decision to mortgage the house to buy ETH. I want to invite you to solve the problem in a way, you must immediately work hard and sell half the ETH that you have with the aim of paying instalments for the next few months. and half of it you can hold and hope that ETH can rise in the future.

Stupid advice, he bought $300,000 worth of ETH when it was at $800. Now ETH is $80 so if he sold it all he would only get $30,000, if he sold half he would get $15,000.

OP, best thing you can do is tell your wife. Also at this point there is probably not much point in selling as we can't go much lower, at least relative from your $800 to $80 loss you already suffered.

I would get a second job or work extra hours or something to make your house payments. Maybe talk with the bank for an Interest only loan for maybe a year or so to see how the market pans out.

I am sure given enough time ETH will rebound much like BTC did back from its 2013 high then crash in 2014-2015. Took a few years though, so you will need to make plans to ride it out possibly until 2020.