Quote from: bestcandy on January 17, 2025, 01:54:01 AM

Quote from: sunsilk on January 17, 2025, 12:19:25 AM

So, I was casually browsing on the web and saw this hilarious story about Ryhan Serhant(agent) offered to buy 2 bedroom apartment in New York for 50,000 Bitcoin ($13,000,000) for his client on 2015. That's around $260 per Bitcoin on that time.

Now, that 50,000 Bitcoins is now worth $5B ($100k/btc). Yeah, that's a lot now and if that deal went through there will be for sure some holdings left on that seller but it didn't happen and the seller didn't like the idea and the worth of its valuation at that time because the value and the listing price of the apartment should be around $13,950,000 - $14,000,000 compared to the offer of the buyer which was valued less than approx a $1M.

Man, we gotta love all of these Bitcoin purchases in the past and the sellers didn't accept any of these offers. I'm sure that there are other documented purchases that ended up the same.

Full story and video: Man turned down a 50,000 Bitcoin house offer in 2015 and it’s worth a shocking amount today
X video link on the image below.

Business is not for shallow minded people that are afraid of taking risk, it involves calculated risk, decision making and endurance. Although you cannot blame the seller of the apartment for rejecting the offer of 50,000 bitcoins for the purchase of the apartment because he never new that Bitcoin will appreciate to where it is today. Anyone may likely do the same because selling an apartment that may be likely under insurance for 50, 000 bitcoins when you cannot predict the future of Bitcoin or when there is no assurance covering that 50000 Bitcoin is a whole lot of risk.
I'm sure there are many cases like this and if truly the seller of the apartment knew that Bitcoin will appreciate to where it is today I'm sure he would have everage that opportunity and by now he would have been swimming in ocean of wealth.

Yeah, we can't blame the seller for refusing the offer as at that time, because the value was far behind the valuation of the property. There was really a wide gap between the market valuation and the offer at that time. The offer was far below the market valuation. Even the buyer wouldn't have offered that amount of bitcoin if he/she knew that bitcoin will be at this price today. Am sure he felt bad at that time, but today the buyer will be grateful that the deal didn't pull through. While the seller would be in forever regret. But there is nothing to regret there. Because if he had sold that property at that time at such price he would have lost so much money. And people will blame him, for making such decision back then, because there was no guarantee that bitcoin would get to the price it is today. For me both the seller and the buy didn't believe in the potential of bitcoin.