3 ms·
> Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that
by iMuzz 9y ago
> Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."
Wait. Why didn't he just take the cash and then use it buy more bitcoin? Even if he bought Bitcoin 250/ea he would have ended up with 400 bitcoins instead of 300...