Bought a house using Bitcoin.

OK, to be clear, I didn't pay for the house in Bitcoin. However, I did liquidate a percentage of my holdings for the purpose of purchasing a home for my wife and me.

We're trying to have kids, and we want one of us to stay home with the kids. We found a house where I could afford the monthly mortgage+insurance+tax payment completely on my own! I did have to prove ownership over the coins for a certain period, which, if any of you out there are looking to buy a house with your newly generated wealth, PM me and I can talk to you about what that was like.

We were able to get an FHA loan, which limited our down payment. That Bitcoin-thing in which I so adamantly believed enabled me to buy our home! A home for our future children! And in the process, both real estate agents were really interested to hear more about it, and I educated them both! In fact, I gifted my real estate agent a small bit of Bitcoin and now he's obsessed.

Regardless of what happens from here, I'm so grateful for this Bitcoin experiment, and I'm sure my future children will be as well!

Edit: No, I didn't buy the house outright. But does anyone ever say "The bank bought a house, and I'm paying them off"? No, people just say "I bought a house." The point of this post was to elaborate that I was able to purchase a home thanks to Bitcoin. Perhaps I could've worded the title better, so I apologize for misleading anyone. Best title would be "Bought a house thanks to Bitcoin" IMO.

Edit 2: Wow, received tons of messages requesting more information about this process. Glad to know there are other people who were able to benefit from this price run! Here is the information re: what the mortgage company needed from me to prove ownership.

They wanted me to establish ownership of the coins for at least 2 years. I was able to go back into my software wallet, find the transaction where I sent my coins to my Trezor (which was almost exactly 2 years ago), and then showed the address where my coins sat on my Trezor (which had the same amount I sent from my software wallet). Next I showed the Coinbase address that had the amount I sent from my Trezor. Then I showed the transaction that resulted in the sale of the coins into my bank account. Does that help?

submitted by /u/rgodwingamma
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Bitcoin

Today I took out a $325,239 equity loan on my house to purchase 191.118 bitcoin.

Having been a lurker here on reddit for a while and a daily BTC price checker, I have finally decided to take the plunge and go "all in" with bitcoin.

Having a terminal disease, and a penchant for making big risks (so far I have been correct most of the time) – I decided to make my newest lunge, using what equity I have accrued on my estate over the past 10 years since the 2008 financial crisis.

If bitcoin reaches, the 10k mark, which I see as a distinct possibility, or I would not have taken such a risk – I plan on moving to the west coast and getting away from all the angry people here where I currently reside.

Wish me luck, I'm going to need it.

submitted by /u/gingerbreadfutters
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Bitcoin

Buying my first house at age 22 thanks to bitcoin

I grew up really poor but saved a lot of the money I made in high school. I invested 10,000$ into btc when it was at 220 / coin, just sold for 75Gs. Buying a property for me to live in, first one in my family 😀

edit: I'll look into paying the dang capital gains tax, jeez.

Edit 2: Also sorry guys the price tanked when I sold 🙁

submitted by /u/WeedAndLsd
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Bitcoin

We’re about to completely deregulate Bitcoin in NH!! Just passed the house!

Just minutes ago, house bill 436 passed the NH state house. It completely exempts virtual currencies from money transmitter regulations and leaves choices entirely in the hands of consumers rather than bureaucrats. This reverses the regulation that temporarily caused Poloneix and other exchanges to cease NH operations.

While states like Hawaii are pulling bullshit that might as well make Bitcoin illegal, we're working on doing the opposite here in NH.

If you support this effort, these people did the most work. I'm sure they'd love a thank you or a donation:

  • Keith Ammon (bill sponsor and actually trades crypto! defended bill on the floor)
  • Barbara Biggie (bill sponsor)
  • John Hunt (got the bill out of committee, defended it on floor, makes amazing arguments about how the state should regulate beanie babies if it's going to regulate crypto trading 🙂 )
  • Chamber of Digital Commerce – Helped me learn how to testify to politicians and sent in some big guns in support

You can also let Governor Sununu know he should sign it.

I also got to participate in this process as the governor-appointed expert on cryptocurrencies. It was really great to get to give back and help fight some of the misconceptions out there. More on the LBRY blog.

submitted by /u/kauffj
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Bitcoin