All Forum Posts by: Lolly Spindler

Congrats Christy!

Yeah, dealing in bitcoins can be shady, especially with all of the black market purchases occurring with it. Without any regulation, it's basically an "everything goes" monetary system. I would be wary of using it, especially in large quantities and for real goods. Hopefully, in the future, it will have some real worth!

@Reese WestYes, the company has two names/sites: Bitcoinprops.com and Litecoinproperties.com. You can read the original press release on Reddit here: BitCoin Properties Press Release.

@Kenneth Shelley I am also optimistic about the future of bitcoin. I think it has real potential, however, I don't think most people are ready to invest in a virtual currency--at least not right now (when the time is right!).

Hi @John Rooster

I am currently in contact with the owner of Bitcoinprops.com and asked him to notify me if/when he sells using bitcoin or litecoin.

Also, the definition of a shill is "to talk about or describe someone or something in a favorable way because you are being paid to do it." Since I don't work for Bitcoinprops.com, I am not being paid to report on the transactions, I just find bitcoin interesting and therefore thought others might also enjoy a real estate article related to bitcoin.

Recently, a Philadelphia Real Estate company announced that it would accept bitcoins and litecoins for all of its properties. Some of you are probably wondering, what’s a bitcoin?

At its most basic, a bitcoin is virtual currency. Unlike other forms of currency, they only exist online and in the form of encoded computer files. You can use them like any other form of online payment for goods and services. One US dollar is worth roughly .0011 bitcoin, but the value of bitcoin is constantly fluctuating.

Bitcoins operate on a peer-to-peer (P2P) as opposed to a client-server network, meaning you deal directly with the person from whom you’re buying. For example, if iTunes were a P2P as opposed to a client-server network, you’d be purchasing your music directly from Rihanna and Daft Punk.

Bitcoins and litecoins (because the currency is literally weightless, get it?), which are almost identical to bitcoins, are now accepted at a Subway in Pennsylvania, by lawyers, at art auctions and even by a barber. Most recently, real estate has thrown its hat into the bitcoin (BTC) and litecoin (LTC) ring.

What do you think of this? Would you ever consider buying or selling real estate with bitcoin?

Hi @Matt Mason ! I'm here to learn more about real estate investing and to find out what people want to read about in the real estate world. I'm just constantly searching for new information and things to write about! (Also, Cameron Diaz used to come into the restaurant I worked at in high school!)

@Tu Phan thanks for the warm welcome!

Thanks for the warm welcome @O'brian!

Hi @Brandon Turner and @Joe Fairless and thank you for the warm welcome! Looking forward to learning from you both.

Happy Holidays!

Thanks for the welcome Brittney!

Thanks @Jonathan!