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Either way, this one wont end well.

Bitcoin exploded past $1,700 Tuesday, taking out new highs as 2017s remarkable run for all virtual currencies spilled into another day.

A man going by the cyber handle gingerbreadfutters, if his post on Reddit is to be believed, isnt taking profits. No, in fact, just the opposite. He says hes taking out an equity loan of $325,239 on his house to buy 191 bitcoin BTCUSD, +2.34% Yikes.

The catch, he claims, is that he has an undisclosed terminal disease, which frees him up to take such a ridiculous risk.

I decided to make my newest lunge, using what equity I have accrued on my estate over the past 10 years since the 2008 financial crisis, he wrote. If bitcoin reaches the 10k mark which I see as a distinct possibility, or I would not have taken such a risk I plan on moving to the West Coast and getting away from all the angry people here where I currently reside.

Angry people were quick to criticize, as hundreds of comments poured in.

A fellow Reddit user by the name of Dispairsquid16 said the story rings familiar: Almost like a high school chemistry teacher deciding to begin making and selling crystal meth due to a change in life circumstances.

Some well-wishes from CryptoInvestor: Firstly, let me wish you good luck. Second, let me tell you how much of an idiot you are.

Is this the top? Indeed, says HukusPukus. This is it. This is the signal Ive been waiting for. Time to sell all my bitcoins and buy a house, he wrote

Even the uber bitcoin bulls, like loserkids, had a hard time with this one.

Though Im 100% bullish on bitcoin long-term this is an incredibly stupid idea, he wrote. But youve already heard it from others. Either way, good luck.

If Spencer Bogart, head of research at Blockchain Capital, has it right, gingerbreadfutters is definitely setting himself up for financial disaster.

The virtual-currency market has all the trappings of a bubble, Bogart said, adding that he thinks it could have more room to rise before a correction occurs. Its definitely unsustainable, he explains, though I dont know if its in its final moments right now.

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Dying man claims he just borrowed $325K to go all-in on bitcoin amid record highs - MarketWatch