RE: Man Is Selling Real Estate In Exchange For Bitcoin. Smart Move Or Risky Business?

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Man Is Selling Real Estate In Exchange For Bitcoin. Smart Move Or Risky Business?

in bitcoin •  7 years ago 

I glad that person is taking this risk because it will help the overall market. This type of transaction is completing the adoption cycle. Once major assets start trading with bitcoin it's pretty much a done deal. The market will stay and grow. Bitcoin has some nice advantages for large ticket purchases like this so I'm happy to see the development.
I also feel Bitcoin is the gateway to the rest of the market. Many alt coins have superior tech and different uses. The more mainstream bitcoin become the greater chance the alt market will expand. It's exciting times for block chain innovation.

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What you say is true: it's a good sign and a step in the right direction of adoption. Maybe afterwards we'll be thanking him for taking that risk - but to be honest, I wouldn't want to be in his shoes. Too much of a risk for me :-)