- Zeroisanumber
- Oct 23, 2010
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Nap Ghost
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Story + question about bitcoins:
I have a friend who has been dating a new partner for about 4 months. My friend has a good job and savings of about $40 or $50k. Her partner wanted to return to university but lacked the means to pay and he asked if he could borrow tuition for a year (about $6000). My friend wasn't comfortable loaning that sort of money for a 4 month old relationship causing her boyfriend to offer to give her $6000USD worth of bitcoins as collateral for the loan.
My friend isn't that computer savvy and didn't know what a Bitcoin was so her partner set about studiously showing her magazine articles, pages printed from webpages, graphs showing their value over time and gave assurance after assurance that bitcoins were a real thing. She was still worried and, in the middle of an argument, her partner promised her his entire Bitcoin fortune (worth about $15,000 USD) as collateral for the $6000 loan. Wanting to avoid a longer argument she said yes and he set about putting the bitcoins in her name.
Since then, he's been needling her and making snide, passive aggressive comments about how she's holding onto his entire retirement savings and making allusions about how unfair it was that he had to turn over $15,000 (which is apparently worth $18,000 now) in exchange for a "mere" $6,000
Anyway she's sick of it and wants to cash out $6,000 worth of bitcoins so she can settle the loan and then send him back the remaining bitcoins so this doesn't keep coming between them. Except she doesn't know how to convert her Bitcoin fortune into real money and asked me to help her.
My question is, how screwed is she?
She will save much, much more by writing off the loan and dumping this guy right now than she ever would make by selling the bitcoins and keeping him around.
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Jan 18, 2016 07:47
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Apr 19, 2024 20:25
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- Zeroisanumber
- Oct 23, 2010
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Nap Ghost
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So if I bought 50 of these back when we were first making fun of them for like $60, how do I collect my winnings?
Apparently, you invest in Philadelphia real estate in a way that's so alarmingly stupid that I can't believe that it wasn't a script written by Charlie Day.
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Jan 18, 2016 19:48
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Jan 18, 2016 07:47
