In a recent YouTube video published yesterday, YouTuber Louis Thomas announced that he planned to cancel his purchase of a house as his first property, using the funds instead to buy cryptocurrency.
In the video titled ‘Maybe I’m Crazy – Just Cancelled Home Purchase to Buy Crypto Instead‘, Thomas revealed that after many months of processing his application for the purchase of a landed property, the final step was left with the receipt of his bank’s approval – and the payment for which he was ready to make.
However, his decision to pay was altered when he noticed yesterday’s significant drop in the price of Bitcoin, touching its lowest levels this year at USD 5,435 (Bitfinex). The YouTuber admits that this dip in Bitcoin and other altcoins informed his decision in favor of the purchase of cryptocurrencies instead of a home.
“This is real”, he confessed. Thomas went on to say that he understood what he was doing with his life, his money, his responsibility, regardless of the future consequence. He did admit, though, that he is holding off on investing in crypto until prices drop further.
Having reviewed his history online, it appears his decision was drawn from personal insight. His video contents on the subject of cryptocurrency and its volatility to his 96,000 followers on YouTube reveal a depth of knowledge about the cryptocurrency market
The Youtuber received largely positive reactions on the comments section of his YouTube channel, with many saying that they believed he was making the best decision.
Thomas isn’t the first to tempt fate with cryptocurrencies. Bitcoin News previously covered the story of Didi Taihuttu, the man who sold everything he owned to go all in on Bitcoin.
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