I wanted to risk $1,500 but he was looking for $50,000 or nothing.
At that time, 1,500$ is a big money to buy bitcoin. I can guess that the whole minted bitcoin wasn't worth the 50,000$. If 1btc = 10$ then 50k can buy 5000 btc which was not yet minted maybe.
Maybe he was about to scam you.
If I had accepted that offer, the $50,000.00 would have acquired 50,000 units of Bitcoin.
As at that time, Bitcoin was trading at $1 per BTC and the total mined 2,981,300 BTC. I don't know how many of it were available then. Didn't even know what that meant. Was just listening and reading from the proposal.
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If you meet someone who doesn't know that you are a successful investor (doesn't know you in person either) and has little/No knowledge about cryptocurrencies, and you told him your story with bitcoin in early days, do you think he will be convinced to set an investment budget of 50,000$ ?
Do you know how many people had early opportunity with the Bitcoin but missed it? Can you imagine that many of them were already investors and Devs?
No one expected the adoption will be that large.
Well, I won't say you're 100% right because the guy did believe it will continue to rise and created a model to back his claims and believe. But beside him and probably few others like that, no one else, including me, believed such would ever be possible.