Crypto Sold my house and put it all into bitcoin.

Discussion in 'Other Asset Classes' started by Laker, 7th May, 2020.

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  1. bobbyj

    bobbyj Well-Known Member

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    This thread is awesome.
    There's been a shift in the media already on crypto with all the news on institutional money moving into BTC.

    Lots of guts to those who put the house on btc earlier this year
     
    bobbyj, 27th Dec, 2020
    #121
  2. Laker

    Laker Well-Known Member

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    Haha. That’s like asking someone how much money the have in their bank account. I sold my house and put the lot into bitcoin. I have all my super in bitcoin also. So I have enough to live comfortably if it goes to what price I think it will.
     
    Laker, 27th Dec, 2020
    #122
  3. Michael.Knight

    Michael.Knight Well-Known Member

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    It was the right play from a macro standpoint. Sp500, nasdaq, gold had reached all time highs already. Bitcoin was very undervalued at 10k, 50% of its ath, in September.

    2021 will be interesting indeed
     
    Michael.Knight, 27th Dec, 2020
    #123
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  4. bobbyj

    bobbyj Well-Known Member

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    $100k USD sometime next year, right?
    even with a correction, it'll come back down to current values. Seems like a no brainer to anyone willing to do their due diligence.

    I've been holding since mid year but only a little dabble. I'm going in heavy within the next month.
     
    bobbyj, 27th Dec, 2020
    #124
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  5. Redwing

    Redwing Well-Known Member

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    Redwing, 27th Dec, 2020
    #125
  6. Ouga

    Ouga Well-Known Member

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    Nice :)
    Wonder where the tulips guys are these days?
    Probably predicting crypto’s death is any day now :)
     
    Ouga, 27th Dec, 2020
    #126
  7. Michael.Knight

    Michael.Knight Well-Known Member

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    The pullback will hopefully bring it back to 20k in Q1 2021...
     
    Michael.Knight, 27th Dec, 2020
    #127
  8. David_SYD

    David_SYD Well-Known Member

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    Jesus Christ. I tip my hat. Some balls on you.
     
    David_SYD, 27th Dec, 2020
    #128
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  9. JohnnyG

    JohnnyG Well-Known Member

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    Wow your timing was incredible!
     
    JohnnyG, 27th Dec, 2020
    #129
  10. Laker

    Laker Well-Known Member

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    Pretty crazy run on bitcoin now. Surely a correction will come soon. I’m currently up around 300%. Exciting times ahead!
     
    Laker, 3rd Jan, 2021
    #130
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  11. Michael.Knight

    Michael.Knight Well-Known Member

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    Congrats Laker! Make sure you take some profit along the way...
     
    Michael.Knight, 3rd Jan, 2021
    #131
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  12. Redwing

    Redwing Well-Known Member

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    Redwing, 5th Jan, 2021
    #132
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  13. eggnog

    eggnog Well-Known Member

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    Getting too hot for my liking. Needs to consolidate.
     
    eggnog, 6th Jan, 2021
    #133
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  14. Guest

    Guest Guest

    In the last cycle, when Bitcoin broke above the previous cycle high, the price rose ~150% over 6 weeks (followed by a 40% 'dip' :D).

    An equivalent this time around would take it to around USD$50,000 by the end of the month, then a drop to $30,000 before much higher prices.

    No idea whether we will see similar this time around, but it's not doing anything it hasn't before.
     
    Guest, 6th Jan, 2021
    #134
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  15. Redwing

    Redwing Well-Known Member

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    [​IMG]
     
    Redwing, 6th Jan, 2021
    #135
  16. Redwing

    Redwing Well-Known Member

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    I don't have any Bitcoin or similar and recall my son telling me about mining bitcoin many years ago, it's been fascinating to watch this all unfold from the sidelines

    A good article from Nick Maggiulli

    Why I've Changed My Mind on Bitcoin – Of Dollars And Data

    Bitcoin now more than the Real Median Personal Income in the United States

    upload_2021-1-8_7-5-16.png
     
    Redwing, 8th Jan, 2021
    #136
  17. djyella

    djyella Well-Known Member

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    Bitcoin bullcase is pretty simple. It's Gold 2.0. If you believe that then the the upside floor is USD~$500k. Over what period who knows, could be 1,5,10,20,30 years.

    A 10x even over 20 years is not bad.
     
    djyella, 8th Jan, 2021
    #137
  18. The.Night.King

    The.Night.King Well-Known Member

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    Love this thread! :) Congrats man, see you at $100K
     
    The.Night.King, 10th Jan, 2021
    #138
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  19. Adrianz

    Adrianz Active Member

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    Please tell me you still hold your Bitcoin!
     
    Adrianz, 11th Jan, 2021
    #139
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  20. Adrianz

    Adrianz Active Member

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    Whatever you do, do not listen to Peter Schiff
    That tard has been criticising Bitcoin since $10
    Imagine if his subscribers had bought $10,000 worth of Bitcoin (1000 Bitcoins) back then

    They'd be deca-millionaires now..

    Instead Peter's own son goes against his father and buys Bitcoin.. and his father will still keep his dogged view to the end - unfortunately
     
    Adrianz, 11th Jan, 2021
    #140
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