A Twitter user with the nickname Captain Bitcoin spoke about his sad experience with the “premature” use of cryptocurrencies in the real estate market.
His story he told in correspondence with another user who talked about the sale of one of his apartments for the purchase of cryptocurrencies. It is not known exactly which crypto asset, but the message gave rise to a discussion, during which other participants shared similar experiences.
Captain Bitcoin wrote that he “sold his house” and this aroused interest among other users.
“In 2015, I sold 800 BTC and bought a house for the family with the proceeds,” he began. – In 2018, I sold this house and bought 50 BTC. If you think I’m crazy, you’re wrong. I only regret that I sold my bitcoins in 2015. Investing in real estate is rubbish compared to bitcoin. ”
If you make simple mathematical calculations, you can find out that in mid-2015, Bitcoin was trading at about $ 200. That is, from the sale of 800 BTC Captain Bitcoin earned $ 160,000, for which it was quite possible to buy a house at prices of that time. In mid-2018, 800 BTC was already worth $ 5 million, while the house in terms of the then rate went up to about $ 300,000, which is not even close to the growth of the first cryptocurrency. However, it is worth making a correction for the inaccuracy of the calculations, since there are several unknown quantities.