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Author Topic: If Winklevoss twin exchange all their BTC...  (Read 91 times)
JacobBit
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December 18, 2017, 09:48:49 PM
 #1

BTC’ course go down?
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December 18, 2017, 11:08:29 PM
 #2

How much Bitcoin do the Winklevosses own? I think they probably own a lot... like over 100,000 Bitcoins, and yeah if they were to sell them off using their platform the whole industry would see a large dip. 100,000 BTC (only guessing, could be more or less) is still a whole lot. I think they have a lot of power in this space and might even become richer than Zuckerberg someday if Bitcoin goes above $5,000,000 each. Cheesy



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Hydrogen
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December 18, 2017, 11:50:50 PM
 #3

Bitcoin has a much higher tolerance for dumps and large sell offs due to its higher demand and higher transactional volume. The Winklevoss Twins could sell off all their BTC and it might not make much of a dent depending on the quantity and price of buy walls on exchanges. There are many other big holders of BTC such as bulgaria's government which held $3-$4 billion in bitcoin it confiscated from criminals.

I think the USA once held large amounts of bitcoin seized from silk road and other illicit enterprises. Last I heard, those funds were sold off years ago when bitcoin was worth much less.

With coinbase reported to be receiving around 100,000 new sign ups per day there could well be enough demand for bitcoin to survive large dumps without sustaining much loss in value.

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December 18, 2017, 11:52:57 PM
 #4

Well, I am not sure they would sell all at once, maybe they can sell little by little on timely basis
kynaz
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December 18, 2017, 11:58:21 PM
 #5

Well, I am not sure they would sell all at once, maybe they can sell little by little on timely basis
They've got everything they own and I think this is a good start. This is also a good opportunity for accelerated bitcoin to hit $ 20,000 on Christmas Eve and this is also what many traders are waiting for.

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December 19, 2017, 12:01:29 AM
 #6

The volume in the last 24 hours was $14,762,000,000, so even if they dumped it all at once it wouldn't have too bad of an impact. They are too smart to ever do that, though. Anyone who wanted to maximize their sell price would spread the conversion out over a week or two.
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December 19, 2017, 01:46:37 AM
 #7

Has anyone ever worked out what their address is?
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December 19, 2017, 02:17:12 AM
 #8

BTC’ course go down?

Safe to say yes, if any of the biggest bitcoin holders sell their coins then it will certainly hurt the price, firstly for the pure economic reasons of increased supply pushing the price down and secondly for the psychological effect, people will pick up on it and question 'if they're selling, so shouldn't I?'

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December 19, 2017, 02:28:43 AM
 #9

How much Bitcoin do the Winklevosses own? I think they probably own a lot... like over 100,000 Bitcoins, and yeah if they were to sell them off using their platform the whole industry would see a large dip. 100,000 BTC (only guessing, could be more or less) is still a whole lot. I think they have a lot of power in this space and might even become richer than Zuckerberg someday if Bitcoin goes above $5,000,000 each. Cheesy

The number I read was 1% of all bitcoins in circulation, but that was a few years ago and I don't know if they've bought more or sold since then.
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December 19, 2017, 02:05:45 PM
 #10

Bitcoin has a much higher tolerance for dumps and large sell offs due to its higher demand and higher transactional volume. The Winklevoss Twins could sell off all their BTC and it might not make much of a dent depending on the quantity and price of buy walls on exchanges. There are many other big holders of BTC such as bulgaria's government which held $3-$4 billion in bitcoin it confiscated from criminals.

I think the USA once held large amounts of bitcoin seized from silk road and other illicit enterprises. Last I heard, those funds were sold off years ago when bitcoin was worth much less.

With coinbase reported to be receiving around 100,000 new sign ups per day there could well be enough demand for bitcoin to survive large dumps without sustaining much loss in value.

True, it's more likely they'll just hold on to those coz there's really not much benefit to selling them all out in one go.

Sucks for the US government. Well, no one really expected it to be this big anyway. Plenty of people got scared it'll collapse and started selling even when it was below $100.
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December 19, 2017, 02:19:31 PM
 #11

First Robert ver
Then the cofounder of bitcoins talk.org
Then them too?

I hope the news is a false one Smiley
I don't know maybe they all re plotting and trying to exploit rhe bitcoins cash since bitcoins have reached the top according to them..or maybe they just needed money ! A LOT OF IT...
Ir maybe they are preety happy with whatever they earned and satisfied too..

The possibilities are endless but yes we will be in for a hige dip if its going down like you said

Hope the news is false.. -_-
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December 20, 2017, 08:46:54 PM
 #12

Bitcoin has a much higher tolerance for dumps and large sell offs due to its higher demand and higher transactional volume. The Winklevoss Twins could sell off all their BTC and it might not make much of a dent depending on the quantity and price of buy walls on exchanges. There are many other big holders of BTC such as bulgaria's government which held $3-$4 billion in bitcoin it confiscated from criminals.

I think the USA once held large amounts of bitcoin seized from silk road and other illicit enterprises. Last I heard, those funds were sold off years ago when bitcoin was worth much less.

With coinbase reported to be receiving around 100,000 new sign ups per day there could well be enough demand for bitcoin to survive large dumps without sustaining much loss in value.

Are you sure is not going to make a dent in the market?
Take a look on the volume during these days, what was bought and was was sold.
1.6 billions getting dumped right now would probably send us back to 10k levels.

And with those 100 000 coinbase new users (which doesn't guarantee even 10 of them actually buy) why is the price not going up?
A huge dump right now would not only bring the price really down but it will trigger a chain affect since it will be a sign one large "investor" has lost hope in the coin.

Has anyone ever worked out what their address is?

There where rumors about one address belonging to them but it has split the coins since then to multiple addresses.
The other with 100k turned out to be an exchange.

Probably a smart move to split the bitcoins when you hold billions.



 

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December 20, 2017, 08:54:59 PM
 #13

Just a dip but not dead.

They might have a large sum of bitcoin in their wallets but I dont think they can easily make it USD. Good thing we are not that popular so the IRS wont be looking for us.
That is the sad part on their side even if they have million dollars worth of bitcoins.  Grin

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December 20, 2017, 09:33:49 PM
 #14

In the same way, you could ask yourself what if Mark Karpeles liquidates over 500,000BTC, or Jihan and Ver with their combined +500,000BTC stash. Or what if Satoshi does it with his 1,000,000BTC? It will obviously crash the market big time for a short while, and then based on how much demand there is, it will recover slowly, or relatively fast. It will be a blessing to the market if these entities dump their coins, which will help distributing these coins in a far better way. Instead of one or two entities owning that many coins, there will be thousands and thousands of people taking them over. In case of Jihan and Ver, I seriously hope that they will unload all their Bitcoins so that we can get rid of these idiots.

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December 20, 2017, 09:39:54 PM
 #15

Bitcoin has a much higher tolerance for dumps and large sell offs due to its higher demand and higher transactional volume. The Winklevoss Twins could sell off all their BTC and it might not make much of a dent depending on the quantity and price of buy walls on exchanges. There are many other big holders of BTC such as bulgaria's government which held $3-$4 billion in bitcoin it confiscated from criminals.

I think the USA once held large amounts of bitcoin seized from silk road and other illicit enterprises. Last I heard, those funds were sold off years ago when bitcoin was worth much less.

With coinbase reported to be receiving around 100,000 new sign ups per day there could well be enough demand for bitcoin to survive large dumps without sustaining much loss in value.
We cant still be sure if those bitcoins being seized are totally being sold for cheaper prices back into those years where they raid up silkroad. Id rather believe that they are still holding some partitions of it if they didn't totally sell it off completely. 100k bitcoin holding of Winklevoss would really give some effects considering price of that 100k would really be big basing on the current price but well why we should be worry? we do know always that if theres a price dip its a golded opportunity to buy even more cheaper bitcoins.
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December 20, 2017, 09:53:55 PM
 #16

How much Bitcoin do the Winklevosses own? I think they probably own a lot... like over 100,000 Bitcoins
You're near on the guess, in the video I watched they said they owned 120,000 bitcoins in total. If they will dump all of this at $16,000 that will make them $1,920,000,000 so almost 2 Billion dollars. But I doubt it that they will sell it or just dump it since they are an avid fan of bitcoin and supporter. They are still waiting for more of it and besides I doubt it that bitcoin is the only investment they have.

First Robert ver
-snip-
Hope the news is false.. -_-
It Roger Ver mate and this is just an IF.

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January 13, 2018, 03:36:49 AM
 #17

The price of BTC will definitely crash for quite a while. However, I'm sure it will recover but it will likely take some time for it to reach its current levels.

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June 24, 2018, 05:23:50 PM
 #18

Winklevoss should nt sell all their bitcoins at once it will definitely effort the market in large regulator exchanges will step in so they may nt sell the coins at once in any time future
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June 24, 2018, 06:07:58 PM
 #19

i wont think Winklevoss take the decision to dump all his bitcoin at once it will definitely affect the market price to large extent and it is called manipulation as well
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June 24, 2018, 06:17:32 PM
 #20

The price of BTC will definitely crash for quite a while. However, I'm sure it will recover but it will likely take some time for it to reach its current levels.
Exactly, If Winklevoss twin sell all their bitcoin the market will definitely crash and maybe the price will down to 1k$ or exactly at this range of price, BUT I don't think that they will do that, because it will hurt the market as I think, I hope that some billionaires will invest in bitcoin at this time to pump so much the bitcoin price, we need some good news, In the last 5 months we didn't hear anything good about bitcoin.

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