EuroTrash
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April 28, 2014, 01:22:18 PM

Indeed, buying a castle is the best way to lose the money you just earned.

1. You need to have earned it first. Either out of luck (early bitcoiners of 4chan descent) or out of being able to recognize the potential of bitcoin ahead of others. Rpietila has indeed a large ego but he is a trader not a lucky bastard from 4chan. He deserves huge credit for having made smart and tough choices before me and you did, using his own brain.
2. Buying property and land is rarely a bad investment in the (decades-) long term. Bubbles aside, the world population is growing quadratically. There will always be a need for homes and farmland. Besides, Estonia has one of the fastest growing IT sector economies in the world. Buying property there is not a stupid choice to me. If things turn for the worse in bitcoinland, he can still turn the castle into a hotel resort for a different audience.