Bitcoin Forum
April 19, 2024, 12:20:35 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Is the recent price crash due to the Winklevoss selling their bitcoins?
Yes, it is certainly them infuriated by the SEC rejection - 4 (30.8%)
No, someone else is doing something nasty - 9 (69.2%)
Total Voters: 13

Pages: « 1 [2]  All
  Print  
Author Topic: Are the Winklevoss twins selling off their Bitcoin stash?  (Read 1379 times)
pearlmen
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
March 18, 2017, 08:42:09 PM
 #21

We have seen the price crash abruptly after the SEC rejected the Winklevoss ETF. But within a day after the announcement the price rebounded strongly to almost where it had been before. Now for the second day in a row Bitcoin is making lower lows but it is still very resilient and rebounds powerfully. So it looks like someone is pouring plenty of bitcoins into the market in a (likely) desperate attempt to ignite a severe panic sell-off (say, down to 700 dollars per coin). Could that be the twins themselves? They should feel pretty frustrated now and thus may decide to revenge blindly

And strike back by dumping their coins while the iron is hot

This assumption is not only faulty but wrong in its enitirety in my opinion, because there is no evidence to show that the twins are dumping their coins as this is not the first time that the price of bitcoin will drop and the twins didn't drop as at the time so I don't think its now ok to trace the fall to them and how do we even know if they have enough to cause a change in the direction of the price of bitcoin.
1713486035
Hero Member
*
Offline Offline

Posts: 1713486035

View Profile Personal Message (Offline)

Ignore
1713486035
Reply with quote  #2

1713486035
Report to moderator
1713486035
Hero Member
*
Offline Offline

Posts: 1713486035

View Profile Personal Message (Offline)

Ignore
1713486035
Reply with quote  #2

1713486035
Report to moderator
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713486035
Hero Member
*
Offline Offline

Posts: 1713486035

View Profile Personal Message (Offline)

Ignore
1713486035
Reply with quote  #2

1713486035
Report to moderator
1713486035
Hero Member
*
Offline Offline

Posts: 1713486035

View Profile Personal Message (Offline)

Ignore
1713486035
Reply with quote  #2

1713486035
Report to moderator
deisik (OP)
Legendary
*
Offline Offline

Activity: 3430
Merit: 1280


English ⬄ Russian Translation Services


View Profile WWW
March 19, 2017, 02:48:12 AM
Last edit: March 19, 2017, 03:01:38 AM by deisik
 #22

We have seen the price crash abruptly after the SEC rejected the Winklevoss ETF. But within a day after the announcement the price rebounded strongly to almost where it had been before. Now for the second day in a row Bitcoin is making lower lows but it is still very resilient and rebounds powerfully. So it looks like someone is pouring plenty of bitcoins into the market in a (likely) desperate attempt to ignite a severe panic sell-off (say, down to 700 dollars per coin). Could that be the twins themselves? They should feel pretty frustrated now and thus may decide to revenge blindly

And strike back by dumping their coins while the iron is hot

This assumption is not only faulty but wrong in its enitirety in my opinion, because there is no evidence to show that the twins are dumping their coins as this is not the first time that the price of bitcoin will drop and the twins didn't drop as at the time so I don't think its now ok to trace the fall to them and how do we even know if they have enough to cause a change in the direction of the price of bitcoin

The absence of proof is not proof of absence

Indeed, it is not the first time when the price crashed. It is not even the most severe crash that we have seen as of lately (at least, so far). Say, earlier this year the price had crashed to 750 dollars per coin, and we have another 200 dollars to go yet (though we started not so high back then). But this time is not that time. Should I tell you that this drop happened a week after the Winklevoss ETF had been rejected? You will have to reconcile this fact somehow with your claim if you don't want to sound like a criticaster (note that I don't tell you that you are, for the benefit of doubt). As to me, they have more than enough reason to dump their coins right now (at least, some part of their stash). As I said above (and repeat again), Bitcoin is now no more than a boat anchor to them

cpfreeplz
Legendary
*
Offline Offline

Activity: 966
Merit: 1042


View Profile
March 19, 2017, 03:03:15 AM
 #23

I highly doubt it. Their clients are relying on them to have bitcoins in the future so they couldn't just sell everything off. That and I think you're overestimating how many bitcoins they really have lol.
The Sceptical Chymist
Legendary
*
Offline Offline

Activity: 3318
Merit: 6791


Cashback 15%


View Profile
March 19, 2017, 03:09:11 AM
 #24

Meh.  Could be, but how are we ever going to know such a thing?  And they always seemed way too enthusiastic about bitcoin to dump their holdings--but I could be wrong.

Whatever it is, we definitely got pooped on hard in the past couple of days.  And man, if I had dough, I'd be buying.

.
.HUGE.
▄██████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███████████████████████▄
▄█████████████████████████▄
███████▌██▌▐██▐██▐████▄███
████▐██▐████▌██▌██▌██▌██
█████▀███▀███▀▐██▐██▐█████

▀█████████████████████████▀

▀███████████████████████▀

▀█████████████████████▀

▀█████████████████▀

▀██████████▀▀
█▀▀▀▀











█▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
CASINSPORTSBOOK
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀█











▄▄▄▄█
deisik (OP)
Legendary
*
Offline Offline

Activity: 3430
Merit: 1280


English ⬄ Russian Translation Services


View Profile WWW
March 19, 2017, 04:44:44 AM
 #25

I highly doubt it. Their clients are relying on them to have bitcoins in the future so they couldn't just sell everything off. That and I think you're overestimating how many bitcoins they really have lol

What is your evidence?

I mean that they have "clients" which are somehow relying on the twins. Basically, there are two aspects which you may want to specify and clarify. First, you should provide evidence that they do actually have these clients and that the latter are involved in Bitcoin (i.e. not just some abstract folks whose money the Winklevoss might be theoretically managing). And then comes the most important aspect, i.e. you have to somehow substantiate your implicit assumption that they can't really sell bitcoins (their own or those of their clients). The latter point seems to be most doubtful

Sithara007
Legendary
*
Offline Offline

Activity: 3178
Merit: 1344


Leading Crypto Sports Betting & Casino Platform


View Profile
March 19, 2017, 05:57:30 PM
 #26

There is a chance that they may be doing profit booking now. If I am not wrong about it, they purchased the coins in mid-2013, when the exchange rate was around $100 per coin. But even if that is the case, I don't think that they will sell more than 20% to 25% of their holdings.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..





AVATAR & PERSONAL TEXT



Leading Crypto Sports Betting & Casino Platform




Feel free to drop your doubts bellow
Report to moderator 
♠ ♥ ♣ ♦       ▬▬▬ ▬          Stake.com     /     Play Smarter          ▬ ▬▬▬       ♠ ♥ ♣ ♦
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
L E A D I N G   C R Y P T O  C A S I N O   &   S P O R T S   B E T T I N G
 
 Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Strongkored
Legendary
*
Online Online

Activity: 2072
Merit: 1061




View Profile Personal Message (Online)
Trust: +0 / =0 / -0
Ignore
   
Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY
May 31, 2022, 08:28:59 AM
Reply with quote  +Merit  #2
Bitcointalk Username: strongkored
Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554
Post Count: 5040
Forum Rank: Legendary
Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt
Stake
7788bitcoin
Legendary
*
Offline Offline

Activity: 2282
Merit: 1023


View Profile
March 19, 2017, 06:10:23 PM
 #27

I do not think it was Winklevoss brothers. They are so many people earning a living on bitcoin/altcoin trading. With the potential positive news turned soured, I guess many of them were just trying to cash out to secure the earning built before the announcement of the ETF.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!