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Bitcoin => Bitcoin Discussion => Topic started by: DubMatrix on December 07, 2017, 08:18:18 PM



Title: What if the Winklevoss twins would sell all their bitcoins?
Post by: DubMatrix on December 07, 2017, 08:18:18 PM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: joshmontford on December 07, 2017, 08:20:20 PM
from what i was reading, if someone puts huge numbers of bitcoin out there, it would crash the market. people will start selling it too in fear of what can happen and bam, bitcoin is spinning down fast


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: eBet$coin on December 07, 2017, 08:22:02 PM
they have like 1% of the total supply, so yeas it would go down and then going back again. They are not stupid, they wont sell. Why sell now when you can get 5 billions in 2 years ?


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Bitcoin_Investor on December 07, 2017, 08:49:15 PM
If a major Wall Street firm or a Billionaire acquires the Winklevoss's holdings I think it would be viewed very positively by the financial markets.

   


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Tszunami98 on December 07, 2017, 08:55:42 PM
from what i was reading, if someone puts huge numbers of bitcoin out there, it would crash the market. people will start selling it too in fear of what can happen and bam, bitcoin is spinning down fast
Maybe if Satoshi himself would put his 1 milion btc on the market that would happen. But remember when people are selling there is someone who is buyng..so bitcoin will switch from weak hands to stronger hands.
Anyway i dont think this is a real issue...


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: RealJoshuar on December 07, 2017, 09:00:30 PM
The markets would crash, not absolutely but definitely back down to the lower thousands range. I already sold a few btc a few days ago, as this bubble is based on absolutely nothing aside from speculation, even the 2013 bubble has some basis towards it(willy bot), and this is going to crash hard eventually


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Yakamoto on December 07, 2017, 09:05:05 PM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?
Well, if they dramatically open up the supply then they could do something like that, sure. A lot of Bitcoin's value is coming from a heavy restriction of the overall supply and that's causing the price to be shooting up dramatically as we observe it on the various exchanges. Should such a restriction be lifted, you're now looking at a lot more value flooding into the marketplace and opening up everything for the value to go down again. However, it would only crash if they dump their (assumedly) large holdings. If they trickle it back into the market, there will be no crash. That's almost certain.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Halcyon Days on December 07, 2017, 09:07:22 PM
They have around 100,000 coins, which equals $1,645,280,000 at the current price of $16,452.80.
Today's trading volume is $17,818,300,000 which is 10x the amount the twins are holding.

Even though it will have some impact on the market, I do not think, that it will crash the market in the long run. It will rather swallow it deliciously.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Betwrong on December 07, 2017, 09:12:58 PM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?

I don't know exactly what part of the total supply they have, some say it's 1%, and if that's true that's a lot, but that much to be able to change the situation radically. Most likely if they sold all their coins the increasing demand would eat them pretty quickly. But of course they are not so stupid to do such a thing.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: mahibul49 on December 07, 2017, 09:22:16 PM
no need to be worry!bitcoin price will go up after some correction


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Iranus on December 07, 2017, 09:29:22 PM
In theory, the price would not drop that significantly at this point, because the current volume is at many billions (about 17 billion dollars in the past 24 hours).

Also, they can't simply press a button and sell them all.  It would take a lot of OTC trading and work over a long period of time which would spread it out, so really it would have even less effect on the market than that.

The futures trading could make whales like that have more of an effect if they consciously decide to short it, but still it would take quite a lot to shift BTC at this point.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: radwic on December 07, 2017, 09:30:38 PM
from what i was reading, if someone puts huge numbers of bitcoin out there, it would crash the market. people will start selling it too in fear of what can happen and bam, bitcoin is spinning down fast

But then people like me that have been waiting to buy an entire 1 BTC will buy in, thus increasing the market value again because the supply will catch up to the demand (albeit on a small degree)


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: RealJoshuar on December 07, 2017, 09:32:50 PM
In theory, the price would not drop that significantly at this point, because the current volume is at many billions (about 17 billion dollars in the past 24 hours).

Also, they can't simply press a button and sell them all.  It would take a lot of OTC trading and work over a long period of time which would spread it out, so really it would have even less effect on the market than that.

The futures trading could make whales like that have more of an effect if they consciously decide to short it, but still it would take quite a lot to shift BTC at this point.

The market in 2013 dropped several billions


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: ahmedjamal1998 on December 07, 2017, 09:34:29 PM
Well according to the plain rules of crypto currency trading and since they own kind of a lot of bitcoins, if they decide to sell the price will surely dip. Might even be a big dip. But the thing is, every single person will see this as an opportunity to buy at a lower price and profit from it later on. And that's actually what a lot of people are waiting and hoping for. They're waiting for btc to dip to about 10k or something and literally everyone I know is willing to buy at that price.

That's because across the years, btc told us a very simple note. If a price is reached once, it will get back to it once again eventually no matter what. Not convinced ? Check what happened in September and October. That's exactly what I'm talking about. And if talk about the price in general and that can be considered as the "max" price, I no longer have an answer.

In 2015, our far and look-up-to goal was to see btc at $1000. It was for less than $300 at that time. And when someone said that it will get above 1k a lot of people called them stupid and "live in your own dreams". Now look at the numbers and decide. That's what actually made me think of holding up for a longer time than I usually do. And that's why I bought a hardware wallet. To be safe and to slow down the selling process. Try doing the same thing and holding for at least 8 months or something.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: European Central Bank on December 07, 2017, 09:39:22 PM
if they sold all at once if exchange order books were unchanged the price would probably go to zero. exchange order books are never fixed so fiat would pour in to meet it. there may not be enough money ready to avoid a vast hit, but it would be taken as huge opportunity at least with the current mindset.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: DubMatrix on December 08, 2017, 05:48:27 PM
Seems like the question is also asked elsewhere https://news.slashdot.org/story/17/12/08/1325229/about-40-percent-of-bitcoin-is-held-by-1000-users-if-a-few-of-them-want-to-sell-that-could-tank-values (https://news.slashdot.org/story/17/12/08/1325229/about-40-percent-of-bitcoin-is-held-by-1000-users-if-a-few-of-them-want-to-sell-that-could-tank-values)


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: btcjoin14 on December 10, 2017, 11:59:19 PM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?
A bunch of coins get traded everyday. Them dumping their coins will only effect the market for a week or so then it would go back to normal.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: PMmesexycoins on December 11, 2017, 12:13:15 AM
If they trade it for other crypto, it would probably just inflate the market further, but if they try to trade for fiat, then it should crash the market.

People with that much stand to become some sort of crypto monarchs by just keeping the crypto at this point. Assuming it just keeps growing and growing.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: The Sceptical Chymist on December 11, 2017, 12:20:32 AM
they have like 1% of the total supply, so yeas it would go down and then going back again. They are not stupid, they wont sell. Why sell now when you can get 5 billions in 2 years ?
Holy crap, do they actually own that much?  That's freaking incredible.

I would assume they'll sell at some point; they're not stupid people by any means, and investors usually take their profits eventually--and MAN, did they ever profit!  Bitcoin isn't listed in any financial columns in newspapers (yet), but I'm assuming it's outperformed every other asset and even index of assets for the past 2 years at least.  It's definitely beat precious metals and the S&P 500.  But yeah, if they sell all at once, which I don't believe they're dumb enough to do unless there comes some bitcoin-destroying news, the market will crash.  No one is stupid to sell everything all at once and crash all their profit, too.  That would be crazy, and they have evinced no form of insanity yet.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: patt0 on December 11, 2017, 12:24:24 AM
they have like 1% of the total supply, so yeas it would go down and then going back again. They are not stupid, they wont sell. Why sell now when you can get 5 billions in 2 years ?

They had 1% when they bought the coins. More coins have been mined then, so they don't have that anymore, unless they've kept buying.
As for the OP question, I think that if any of those big players sold their coins they would crash the market, because we have a lot of weak bitcoin holders, that would panic if the market started moving down. I don't think there is any reason for those whales to do that, specially the twins, since they want to launch ETFs, so why would they risk crashing the market?


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Corporatocracy on December 11, 2017, 12:35:58 AM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?
A bunch of coins get traded everyday. Them dumping their coins will only effect the market for a week or so then it would go back to normal.


I think you severely underestimate their holdings.

if they sold all at once if exchange order books were unchanged the price would probably go to zero. exchange order books are never fixed so fiat would pour in to meet it. there may not be enough money ready to avoid a vast hit, but it would be taken as huge opportunity at least with the current mindset.

The price wouldn't necessarily drop as much as volume disappearing, with similar outcomes.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Clos Belmont ICO on December 18, 2017, 03:14:03 PM
They claim they would keep their bitcoins for few years and for even bigger profit


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Kprawn on December 18, 2017, 03:58:37 PM
It will create a Wall on the Gemini exchange for a while, until everything are bought and then it will go back to normal. They

might spread it over more than one exchange, but I doubt it. {they own Gemini, so they will pay no fees} We had this type of

scenario before and it only caused a small dip in the price and then things went back to normal.  ;D The price of Bitcoin is

not calculated by using only ONE exchange... it is normally a average of a couple exchanges. {Look at Preev.com}


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: zorchy on December 18, 2017, 04:08:59 PM
in 2018 we expect more forks related to centralization and from this bitcoin will only grow and develop in an arithmetic progression. It remains only to wait for this moment.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Sithara007 on December 18, 2017, 04:12:31 PM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?

Why should they sell any of their coins? If I am not wrong, they have kept it aside for the creation of a Bitcoin-based ETF. And the indications are that they are going ahead with that plan and trying to get the ETF listed in the major exchanges. So we don't need to worry about the Winklevii selling their coins. On the other hand, we need to worry about Roger Ver's coins.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: SummertimeHeat on December 18, 2017, 04:14:43 PM

The big hodlers would be crazy to sell, they already have everything in life they need by now. When you sell BTC you sell something very unique.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: marc_a on December 18, 2017, 04:24:37 PM
Like with stocks, you want to prevent flooding the market.
If they sell it will be in parts.
or otherwise maybe they will sent it first to other investors, so nobody will know they sold them



Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: joshy23 on December 18, 2017, 04:35:06 PM
Will create serious downfall for some time but I still believe that it won't last long, the idea is just to create panics and investors and traders are also
ready to catch up so even they sell everything they have support will eat that and the value will bounce back and rise up again.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: chickenfried12 on December 19, 2017, 01:03:45 PM
I think their sales do not constitute a huge obstacle, but what they sell is where they will place the money and which stocks or which currency they will evaluate with Virtual Money. I sell as much as you earn from a gold coin 10 times as much as 20 times already with a pretty big profit margin Bitcoin den exit they will have a big impact on the market.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Andre_Goldman on December 19, 2017, 01:23:06 PM
does anyone really have a signed msg proving that they really control the coins they claim to have ?


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: dhka on December 19, 2017, 02:06:56 PM
they have like 1% of the total supply, so yeas it would go down and then going back again. They are not stupid, they wont sell. Why sell now when you can get 5 billions in 2 years ?

Shit! Actually I never heard of them, I am still quite new in crypto, but 1% of total supply is huge, let alone bitcoin :o
I hope thew will use theirs wisely, not using it to manipulate the market, is it too much to ask? LOL
I even struggle to have my first bitcoin, while they have like 210k of it :'(


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: drunkcoin on December 19, 2017, 02:25:48 PM
According to market rules, when there is a lot of something suddenly, the price goes down, but I doubt that the fall will be big.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Dapper on December 19, 2017, 02:54:35 PM
They probably do sell a controlled amount every single day and also buy a controlled amount every single day.   


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: gabmen on December 19, 2017, 03:04:23 PM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?

Well considering they've just made themselves billionnaires, there definitely will be a quick dump. But as with what happened in the past with dumps, definitely bitcoin will recover. A lot of people will be ready to pick up those sats any chance they get


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: lizardbtc on December 19, 2017, 03:33:53 PM
Above all who cares... it's their money they have the right to chose for themselfs what are they going to do with it. Don't lose your time thinking what others can do and what will happen if they did do it...

Will create serious downfall for some time but I still believe that it won't last long, the idea is just to create panics and investors and traders are also
ready to catch up so even they sell everything they have support will eat that and the value will bounce back and rise up again.

They could do that to cause panic selling so they can jump in later on and buy at dip, but this has its own risks overall I dubt that they will do this they have enough money from GEMINI exchage so they are prob holding in bitcoin or whatever other cryptocurrency that it might be.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: DubMatrix on December 19, 2017, 09:44:30 PM
Hmmm, I think with the current amount of unconfirmed transactions and the skyrocketing fees the question is wether they would be able to sell the coins before the whole BTC network collapses  ;D


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: RealJoshuar on December 27, 2017, 01:54:22 AM
Bitcoin's value would go to 0, or close to. They have over 100,000 bitcoins. If they sold, there's not nearly enough demand to buy that up. It would literally kill the price for a long time, if not forever. (Them selling would also mean something is seriously wrong with Bitcoin, such as it being hacked into via quantamn computing, etc)


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: Flor1982 on December 27, 2017, 02:10:04 AM
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?

Of course it will be a big dump that the value price of bitcoin will crashed too but bitcoin have already a foundation of trust with the people and it becomes traditional now that in every huge dump of bitcoin price, it will become opportunity for the others to purchase bitcoin at a cheaper price in which some people are hoping and praying for this so that they could be onboard for the next pump up.


Title: Re: What if the Winklevoss twins would sell all their bitcoins?
Post by: 1bitcoinsnet on December 27, 2017, 02:12:37 AM
I thought they sold most when the SEC said no to them

they only had 50 mil or so to invest and put very little of their own into bitcoin it was all investors I thought

so the coins got sold to pay back the investors backing them for the SEC play that failed

sure they own gemini, but that's a bush league exchange and they do btc and eth only

minor players the winkies

but they sure get nice pr like they are mega billionaires

NOT