jdebunt (OP)
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December 31, 2014, 05:48:31 PM |
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http://www.cryptoarticles.com/crypto-news/winklevoss-bitcoin-trust-files-to-sell-1-million-shares-on-nasdaqMany Bitcoin enthusiasts will remember where they were and what they were doing when the Winklevoss twins announced their interest in Bitcoin. Things got even better when Tyler and Cameron Winklevoss launched Winkdex, a bitcoin price index, in February of 2014. But what were you doing on this New Year’s Eve day when you found out the Winklevoss twins filed a request to sell 1 million shares on Nasdaq?
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CoinMode
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December 31, 2014, 07:07:37 PM |
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I'll remember the day it goes up on the exchange and I can see the ticker (COIN) fly across the screen.
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indiemax
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December 31, 2014, 08:33:06 PM |
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I'll remember the day it goes up on the exchange and I can see the ticker (COIN) fly across the screen.
exactly  |
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voephilis
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January 01, 2015, 10:54:11 AM |
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the twins always do things that get golden !
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Chef Ramsay
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January 01, 2015, 07:10:10 PM |
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In terms of the next rally, I wonder if this would still qualify as part of the smart money phase or the start of the institutional investor phase..?
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CoinMode
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January 01, 2015, 07:51:31 PM |
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the twins always do things that get golden !
Yeah, like how they started facebook. No, I'm not being sarcastic. Exact same idea as Zuckerberg, at the exact same time, and even hired Zuck to help them build it. Then it was stolen and the theft was later repaid to the tune of a $50million lawsuit. |
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LOBSTER
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January 01, 2015, 08:07:59 PM |
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the twins always do things that get golden !
Yeah, like how they started facebook. No, I'm not being sarcastic. Exact same idea as Zuckerberg, at the exact same time, and even hired Zuck to help them build it. Then it was stolen and the theft was later repaid to the tune of a $50million lawsuit. 50$ Million...ridiculous that Zuckerberg won! |
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Bit_Happy
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A Great Time to Start Something!
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January 01, 2015, 10:49:28 PM |
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In terms of the next rally, I wonder if this would still qualify as part of the smart money phase or the start of the institutional investor phase..?
This is Huge news, and it seems like we will see "both phases" in 2015.  |
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CoinMode
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January 01, 2015, 11:25:39 PM |
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the twins always do things that get golden !
Yeah, like how they started facebook. No, I'm not being sarcastic. Exact same idea as Zuckerberg, at the exact same time, and even hired Zuck to help them build it. Then it was stolen and the theft was later repaid to the tune of a $50million lawsuit. 50$ Million...ridiculous that Zuckerberg won! Nobody won the lawsuit. It ended in a settlement. |
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lyth0s
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World Class Cryptonaire
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January 02, 2015, 04:59:29 AM |
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In terms of the next rally, I wonder if this would still qualify as part of the smart money phase or the start of the institutional investor phase..?
This is Huge news, and it seems like we will see "both phases" in 2015. I think right now we are nearing an end to the blow off phase and may re-enter the smart money phase again in the next 6 months (my speculation). But only time will tell. https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html |
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 02, 2015, 06:23:56 AM |
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In terms of the next rally, I wonder if this would still qualify as part of the smart money phase or the start of the institutional investor phase..?
Agreed. Most developers still don't understand Bitcoin. This has investors terribly confused. They are still concocting schemes of a better mousetrap. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Brad Pitt
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January 02, 2015, 07:54:57 PM |
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When I saw the title of the thread I was expecting it to be Winklevoss Bitcoin Trust Files to Sell 1 Million Bitcoins and was wondering why they would be selling now due to their current low price and lofty future expectations of the value. Glad to see this isn't the case.
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jdebunt (OP)
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Merit: 1010
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January 03, 2015, 07:18:50 AM |
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When I saw the title of the thread I was expecting it to be Winklevoss Bitcoin Trust Files to Sell 1 Million Bitcoins and was wondering why they would be selling now due to their current low price and lofty future expectations of the value. Glad to see this isn't the case.
Haha sorry about that |
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ClutchThese
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January 03, 2015, 08:16:09 PM |
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When I saw the title of the thread I was expecting it to be Winklevoss Bitcoin Trust Files to Sell 1 Million Bitcoins and was wondering why they would be selling now due to their current low price and lofty future expectations of the value. Glad to see this isn't the case.
That's exactly what i was thinking when i read it. Especially given today's price, I was a little worried. |
Signature for Rent - PM if Interested
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LOBSTER
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January 03, 2015, 08:23:24 PM |
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When I saw the title of the thread I was expecting it to be Winklevoss Bitcoin Trust Files to Sell 1 Million Bitcoins and was wondering why they would be selling now due to their current low price and lofty future expectations of the value. Glad to see this isn't the case.
That's exactly what i was thinking when i read it. Especially given today's price, I was a little worried. That would be 0.3 Billion Dollars - in that case the market would collapse finally. |
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bitbouillion
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January 04, 2015, 03:47:49 AM |
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When I saw the title of the thread I was expecting it to be Winklevoss Bitcoin Trust Files to Sell 1 Million Bitcoins and was wondering why they would be selling now due to their current low price and lofty future expectations of the value. Glad to see this isn't the case.
Winklevos don't sell Bitcoins, they sell shares of a fund. The coins (private keys) remain in a vault. |
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CoinMode
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January 04, 2015, 10:34:30 AM |
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When I saw the title of the thread I was expecting it to be Winklevoss Bitcoin Trust Files to Sell 1 Million Bitcoins and was wondering why they would be selling now due to their current low price and lofty future expectations of the value. Glad to see this isn't the case.
Winklevos don't sell Bitcoins, they sell shares of a fund. The coins (private keys) remain in a vault. Depending on the market and the performance of the ETF, the Winklevii are obligated to buy and sell bitcoins. If the ETF goes up in value by some amount, then they will have to buy more bitcoins. Not sure how the selling works, though. |
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