Guess I wasn't clear enough. What I meant by a million was not that at the current price of $40k they offer you and only you $100k, but that you'll see a race to buy out available supply at some point that will cause an enormous price surge. You'll suddenly face a $10k growth every single day. You'll go to bed at $80k, wake up and it's at 90, next day it's $100k, the next day $110k and so on.
When that time comes you can suspect that these are institutions buying. I made it simple and called "them" black rock, but it may be ProShares, Bitwise, or even JP Morgan. Will you sell your bitcoin when faced with a supply squeeze of bitcoin, knowing that if they're willing to pay you 2x or 3x the price from last week, they must know something that you don't. When it happens, it's possible you'll never see a $100k bitcoin again and the next stop is $1m.
OP, your question and example are not great.
Afaik in most countries oil or other resources from under your property actually belong to the state, not to you.
It depends on the country and whether you have mineral rights (in the US).
Even if you don't, the government will have to buy or lease your land. Not owning mineral rights doesn't mean they can take your land and kick you out.
If I sell at the price of $100k/or$1 million to them can I still buy another one with that $100k/or$1 million ? If yes then I will sell to them and immediately buy another. But if No then won't sell because surely nobody buys any thing to loss it always for profit reasons hence for that same reason wouldn't sell.
That's the thing, when that happens you most likely won't be able to sell for $100k and buy it back later. The question is how much you'll settle for.
If it were me, I would refuse to sell this property right now, even though they offered a very high price compared to its real value.
Firstly, I don't want to sell this property right now because I am living comfortably and satisfied with it. I love my house, I like the neighborhood, and I have no plans to move anywhere.
Second, I doubt the buyer knows anything that I don't. Maybe there's a valuable natural resource lying under my land, or maybe a company plans to build a facility nearby and needs my land. If I were to sell this property, I would probably be Hatred after learning the real reason behind the buyer's offer.
Third, I don't want to be forced to sell my property. If I agreed to sell for $2 million, I would feel like I was being ripped off. I would not feel comfortable knowing that I could have sold my property for a much higher price.
Of course, I may still consider selling this property in the future, but only if I have enough information and am sure that it is the right decision. If I still do not want to sell after learning more about the offer, I will decline.
I had the same thoughts come to my mind, which is why I asked the question, but many people thought I was talking about going against the market, or that I thought a company is going to ignore the rules of the market. I did not mean anything like that.
I simply thought that if someone knocked at my door today and gave me $1m for my house, I wouldn't sell, despite it being worth much less than that (but that's subjective as the market conditions tend to change) and I related the situation to bitcoin.
I ain't selling them shit. Not my house, not my car, not my cat and definitely not my crypto. They can have this " " if they like. Nothing. I may sell my assets to somebody when the time is right but I decide that, no them. When they come up with a number for your asset, it already means they are going to rip you off. Like you said, it means the asset is worth way more than the price they offer. If you were going to sell this asset anyway, then raise the price and don't let it go cheap. If they don't buy, that's their decision. Tell them to gfy.
That's the spirit! I love it. Saylor would be proud.
With current market conditions? I'll be realistic, I would sell it if I could possibly buy it back somewhere else.
I think this will also be done by average holders without thinking hard.
OP's question actually also tests how greedy the answers will be.
Relate same to bitcoin. If BlackRock wants to buy my bitcoin at $100k, I will only sell if there is a means to rebuy bitcoin whenever I want, otherwise I am not selling.
Here's a problem: you don't know if you'll ever be able to buy it back cheaper, but for the sake of the conversation let's say you won't.
Last month it was $90k, now it's $100k, next month it may be 110k, or it can be 101k, but it's not going back.
Do you get rid of it?
If someone is sane enough to buy my bitcoins at a price higher than the market price, I will sell immediately, if blackrock buys my bitcoins for 100k dollars right now I will sell without thinking, LOL.
They aren't going to give you a special offer. They're going to give that offer to the market.
If someone were to put $100m on the market today, you'd see us push above $40k, but imagine a situation where it's 100 billion. FYI BlackRock alone manages 9 trillion dollars of assets.
It's really possible and even likely that in the near future we'll see bitcoin's market cap grow from the current 777 billion to 1 trillion.
I could say my car will be worth 2 millions in 2200, but if my neighbor sales the same model with same mileage for $15000 that's what is worth now.
If your car is a Toyota Corolla that a million other people have and which they're making (probably) a thousand every day, you'll have a hard time with that. If you're selling a limited edition car that's not being made anymore and there's a collector buying out every single one of them, you might be on the right track.
When you ask a million when everyone else sells for 100k you won't achieve anything, but I'm talking about a situation where the market price is there because all the coins that people were selling for $900k are long gone. I'm talking about a situation where they offer you unlimited fiat money for your limited property.
Everyone have goals...and I have goals too, and if my goals can be achieved by selling my BTC to BlackRock, why not?
In your case it's no regrets, I got what I came here for, life goes on. I'm ok with that, but wanted to know how many people will settle for /example/ x5 profit when they could be getting that x5 each year for the next 10 years
