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800 Bitcoin to buy a house


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Hello Good mornining friends , i want to share a very intersting statement of a bitcoiner i haver ever read . 

He shared on twitter that :

In 2015 I sold 800 BTC to buy a house for my family.

In 2018 I sold my house and bought back 50 BTC.

People who thinks I'm crazy for selling my house please know that my only regret is to have sold my bitcoins.

Investment in Real Estate is now garbage comparing to #Bitcoin.

Many peopl was against it to buy back btc for house . 

When People argue him about selling selling home for bitcoin

He replied : Says who? What is stability anyways? A house and a job with fixed income? I worked in IT for over 20 years of my life, bought a house and my life wasn't stable at all, now I live in a sailboat and travel the world with my family, I can say that my family is much happier now.

What are your opinion on this statements kindly share -)) Do y ou think he did right or wrong ?

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In 2015 I sold 800 BTC to buy a house for my family.

In 2018 I sold my house and bought back 50 BTC.

People who thinks I'm crazy for selling my house please know that my only regret is to have sold my bitcoins.

 

omg indeed looks like very bad investment. Selling 800 btc in 2015 that really really suck. But I don't think buying 50 btc back in 2018 is good decision. Why would he do this? Really very strange. Once he sold them in 2015 he already made bad decision, coming back and buying less btc for more money sounds like even worse decision. 

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  • 4 weeks later...

Really looks like a very bad investment. 
The sale of 800 bitcoinos in 2015 really sucks. 
But it does not seem reasonable to buy 50 bitcoins in 2018.  Why would he do that? 
It is very strange. Once he sold them in 2015, he has already made the wrong decision, coming back and buying less coins for more money, the decision looks even worse. 

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I would say it's a very very very bad decision!

If he had the resource to buy 800 bitcoins (even in 2015) that means he is filthy rich and can again make good investments and trading to get back his bitcoins within a decade.

Selling the house to get back 50 btc? I don't think it's a good deal. I don't think his 50 btc will be more than 20x within a decade.

But we never know, it's just my opinion. 

He might have sold it because it caused him intense regret so wanted to get rid of it lol.

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  • 9 months later...

I think that whether or not that was a good or bad decision will be dependent on your financial position and whether you are well of or struggling. If you are well off and able to provide for your family and sold your house as a way to invest then i think it is okay if you guys still have a good place to live. Granted that you made a lot less in terms of number of bitcoins than when you bought it but this is still a very good amount to have and a good investment. However the crypto market is volatile and you could also make large losses, so if you are able to still sustain your life after this sale then it could be a decent idea for you. 

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  • 5 weeks later...

Probably Value wise he is in front, 50 BTC  Currently worth approx $4.5 million (approx 2015 average = $630

800 Btc in 2015 were worth $480K (approx 2018 average = $9000)

 

While, yes he is worth less than if he hadn't sold in 2015, he's still very well off

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