The Winklevoss twins worth $3bn Each for buying Bitcoin @ $8 with confidence

[rosenbauer02]

10M$ really? OMG, they had positively expecting bitcoin to be like this which really came to the point. Imagine what would went through for their 10M$ in those times where bitcoin market goes up and down that could eventually took their money if they got no patience over to it.

If you are really positive in life there really is a place for you like this twin believing in bitcoin. So, which means they could now harvest their long time and bloody wait. I know that they somehow feel difficult times during the rally and where bitcoin market almost halving specifically in the year 2018 and 2019.

Well, congratulations on them for their success in the investment. They can now go relax and spend some money on things they like. If I had that kind of money then probably I will buy a better house and lot located in a good place and then buy a family car. Then, go to some places for an adventure. I guess that would relirve my stress then investment some of it in a good working and profitable business.

[1714602777]

1714602777

[paxmao]

On this forum the Winklevoss are mostly know for their early investment in bitcoin, although figures could be more or less accurate. However, for the rest of the world they are better know for having actually invented "ConnectU" which Zuckerberg stole (allegedly) to create Facebook.

It just seems that the bitcoin assets are the consolation price compared to Facebook, aren´t they. Anyway, these two guys seem to be also investing in startups. It justs seems that some people are able to generate many good ideas and simply have good criteria for investing, packed with having studied in great universities and having the right financials for starters.

[Karartma1]

After the Facebook fiasco they got a huge revenge over their once friend Mark Zuckerberg. These guys made it to the top by believing in what bitcoin could have been in the future not only investing in the asset itself, but also building an empire around it! Kudos

[bryant.coleman]

Right, something doesn't add up with the numbers, this also means that they are worth more than what the media is saying because if what the media is saying isn't true which is probably most of the time then there is more than meets the eye, also do the twins split the bitcoin in half between the two of them?

If I remember correctly, they purchased somewhere between BTC100,000 or BTC200,000 when the prices were really low. They revealed their ownership sometime in April 2012 (when the exchange rate was around $5 per coin). They claimed to have ownership to 1% of all the coins in circulation, which would amount to around BTC125,000. The purchase price would be difficult to calculate, because they made the purchase in smaller installments, spread over several months.

[beerlover]

Obviously they have done something unthinkable, that is a lot of money spent on bitcoin at a level where it was never considered safe just yet. Obviously when you look at it now, it is one of the greatest investments anyone could ever make, that is a great deal and I think it is definitely praise worthy courage to do that. However let's remember, these are the people who were already very very wealthy from their family, and they went to Harvard, they were in Olympic rowing team and they got tens of millions of dollars from Facebook on top of that.

When you have a situation like that, making an investment that high is not impossible, most of the people here had to live from paycheck to paycheck barely surviving and barely scarping some money together to make a savings, we worked hard for a thousand dollars, these guys got thousand dollar nights even before they got money from facebook let alone their profit from bitcoin.

[Vishnu.Reang]

If they are worth $3 billion right now, just imagine how much they will be worth when BTC reaches a valuation of $1 million per coin. The Winklevii did the right thing by investing in an asset which was hardly known in mainstream market at that time. And this is like a sweet revenge for them. They lost the battle for Facebook to Zucker. But the same Zucker tried to steal the concept of cryptocurrency later, while attempting to create Libra shitcoin. Imagine what would be in Zucker's mind after a few years, when Facebook will be forced to accept Bitcoin.

[tygeade]

On this forum the Winklevoss are mostly know for their early investment in bitcoin, although figures could be more or less accurate. However, for the rest of the world they are better know for having actually invented "ConnectU" which Zuckerberg stole (allegedly) to create Facebook.

It just seems that the bitcoin assets are the consolation price compared to Facebook, aren´t they. Anyway, these two guys seem to be also investing in startups. It justs seems that some people are able to generate many good ideas and simply have good criteria for investing, packed with having studied in great universities and having the right financials for starters.

This chart may not be true anymore. For example the world total marketcap of gold is around 10-11 trillion dollars, whereas bitcoin is 1.1 trillion dollars, that means in about 10x we are at gold marketcap and that is good enough for me to be in a position like that today. So, even though most of the other parts could be either true or close, that image is quite behind on what bitcoin price is today. Obviously apple or amazon or other parts are wrong as well, but we are doing quite well.

Bitcoin is I think 6th in the marketcap ranking if you remove gold and silver, which means there is only 5 companies above it right now and that is quite good, there is also gold and silver above it, but I think bitcoin will be moving way beyond Silver very soon, and could be bigger than Google by the end of the year as well, that would be really awesome if we can manage that.

[tabas]

That’s massive of coins to get for $10m, I can’t imagine they both have so much coins at $8 each, insane!

They've believed on bitcoin when they knew it. And how we wish that we've known bitcoin back in the past when most of us do nothing and were busy to things like playing games or not learning something new with the technology. Congratulations to them, they came from FB to BTC.

We dont know on what future ahead on something that we are dealing on the present.Its up to someone who would see its actual relevance and potential which made them to make out such step on buying
bitcoin when its still cheap.This is the opportunity or the result that bitcoin could give if you do believe when its just starting.Thing here is that those twins are rich enough to buy millions of worth
and its just normal that they would reach up billions in profits because of the increase of this market.Its not really that needing some serious math on making computations.lol
Its just great to look on how things becomes favorable to them and amazing on how long they do able to held up and not making any sell-on.

It's not just about the belief you have into something. I believe that this twin did their own research and that's why we kept saying to DYOR because it's very effective.
They didn't just invest millions to bitcoin just because of one's belief but it's packed with knowledge and research which made them feel that there's a future in it and they're right with what they did.

[Shasha80]

I don't understand how the Winklevoss twins really believed when they first bought Bitcoin, even though there is no certainty that Bitcoin will rise
in price as it is now. Maybe they did their own research, until seeing the potential Bitcoin will be something big in the future. Finally their trust
in Bitcoin paid off with the current increase in the price of Bitcoin, but we can learn from the Winklevoss twins by buying and holding Bitcoin can
make us rich. So in my opinion it's not too late to collect Bitcoin from now, because I believe the price of Bitcoin in the next 10 years will increase
more drastically than the current price. So start collecting Bitcoin from now on consistently and according to the financial capabilities that we each have.

[Twinkledoe]

I don't understand how the Winklevoss twins really believed when they first bought Bitcoin, even though there is no certainty that Bitcoin will rise
in price as it is now. Maybe they did their own research, until seeing the potential Bitcoin will be something big in the future. Finally their trust
in Bitcoin paid off with the current increase in the price of Bitcoin, but we can learn from the Winklevoss twins by buying and holding Bitcoin can
make us rich. So in my opinion it's not too late to collect Bitcoin from now, because I believe the price of Bitcoin in the next 10 years will increase
more drastically than the current price. So start collecting Bitcoin from now on consistently and according to the financial capabilities that we each have.

Believing in bitcoin when it was still $8, I think they are really forward looking people or they just got lucky. But if they did have the idea about FB before and Zuck paid some compensation, then, maybe, they are really looking into future projects that will most likely hit the market. But wondering if they did sell some when btc hit about $20k last 2017?

[Lizzylove1]

I wasted my family fund and borrowed some money from my mum in 2007 in buying already overpriced dead bank shares. Only got to know about bitcoin in 2016 through ponzi scheme. I had to start a personal research in 2017 about bitcoin, this personal research has landed me in financial freedom. I never stop teaching people about bitcoin since the at no cost.

[Sithara007]

I wasted my family fund and borrowed some money from my mum in 2007 in buying already overpriced dead bank shares. Only got to know about bitcoin in 2016 through ponzi scheme. I had to start a personal research in 2017 about bitcoin, this personal research has landed me in financial freedom. I never stop teaching people about bitcoin since the at no cost.

Well.. if you got to know about Bitcoin sometime in 2016, then you should consider yourselves lucky. Because back the the exchange rate was in three digits. If you had invested at those levels, then you should be at a profit of at least 100x right now. I would say investing in Bitcoin is much better than pouring your hard earned money in to overpriced bank stocks, which can become worthless in the near future due to liquidity/NPA issues.

[The Cryptovator]

@OP, thanks for sharing that news with the community to encourage investing in Bitcoin. Although I sent 9 merits to your post it's just to help you upgrade the rank from member to Full member. I want to say this isn't a good way to share news, it's like you directly copy-pasted from the news and share the source link below the post. It would a proper way to express your thought since there no you own thoughts.

Anyway, those were smart enough earlier they realized the potential of Bitcoin. That's the reason why they become billionaires. I can't recall correctly but most probably Bitcoin price was $500-$700 once I was introduced to Bitcoin. But I didn't realize the potential of Bitcoin during that time and that's why still I am poor. Once a time people will think why they hadn't bought even Bitcoin was $50K.

Apologies for bump this thread, just want to explain this kind of copy-paste isn't a wise attempt.

[Febo]

Cameron and Tyler Winklevoss are currently worth $3bn each. For purchasing a crypto asset worth $8, making them one of the biggest and earliest investors in cryptocurrency. I would say their gamble paid off and today, they are worth a collective $6bn.

Are you sure about that? You believe they never sold a single Bitcoin? How they were financing their Gemini exchange?  It is funny how people and newspapers talk about them but not mention others who bought Bitcoin at way lower price then $8. People buy and sell. Some day trade some keep some part of their wealth in Bitcoin. So when bitcoin went x100 they sold 99%.

[The Sceptical Chymist]

We have seen people who have been predicting up to $100,000 and that one aside I  have also seen those who are predicting way more than that and some of them have predicted up to $300,000. Although sometimes I do doubt these people with their predictions , but anyway you got to believe them sometimes

Yep, I've come to that realization as well, because I've been interested in bitcoin long enough that I remember a time when I thought getting to $10k was going to take many years and that if bitcoin did reach that price any sooner it would mean that fiat would have collapsed--but obviously that wasn't true.  And then I remember thinking $50k predictions within a few years were nonsense--and yet bitcoin surpassed that this year.  So when people predict that it could hit $100k (or just pick any valuation above that), I don't discount them out of hand. 

@OP, thanks for sharing that news with the community to encourage investing in Bitcoin. Although I sent 9 merits to your post it's just to help you upgrade the rank from member to Full member. I want to say this isn't a good way to share news, it's like you directly copy-pasted from the news and share the source link below the post. It would a proper way to express your thought since there no you own thoughts.

Speaking of that, I probably should have given OP a few more merits because this thread is actually pretty good--and I might give him a few more after finishing up this post.  Even if it was just a copy-paste, it was an interesting one and it's not much different than the kinds of articles that Hydrogen posts in the Economics section (which I often give merits to).

[BrewMaster]

Cameron and Tyler Winklevoss are currently worth $3bn each. For purchasing a crypto asset worth $8, making them one of the biggest and earliest investors in cryptocurrency. I would say their gamble paid off and today, they are worth a collective $6bn.

Are you sure about that? You believe they never sold a single Bitcoin? How they were financing their Gemini exchange?  It is funny how people and newspapers talk about them but not mention others who bought Bitcoin at way lower price then $8. People buy and sell. Some day trade some keep some part of their wealth in Bitcoin. So when bitcoin went x100 they sold 99%.

its because of two things, these two brothers are in the media so in a way they are public figures and they also advertise their services (that is the exchange they have and are making money from) so people end up knowing them and follow how much bitcoin and wealth they have. but others who may even have more aren't public figures.

another reason is that many people who bought bitcoin at lower prices didn't hold on to their coins or some of them lost their keys because they were reckless since bitcoin wasn't worth that much. seeing a potential in bitcoin is not something that everyone does.
see how many people refuse to believe bitcoin price is going to go up a lot higher that this current low price and refuse to buy it "cheap". the same people complain in a couple of years about bitcoin being worth $1 million and them having lost their chance.

[XCANA]

But man, if I'd only known about bitcoin when it was created (and understood the nature of it; that took a while for me).  I might not be nearly as wealthy as a single Winklevoss twin, but I'd be rich enough to satisfy myself.  Ah well, it wasn't to be.  But I'd still love to try out Gemini, except I think they require a wire transfer of funds and that's a pain in the ass.  Not sure why they don't make it easier to fund a Gemini account.

Had I know will always come when it has become past event to those who are always afraid of making investment decision when opportunity show it self them. Even right now is another opportunity to buy some coins at the cheaper rate before is too late again but many people will begin to be soo inquisitive about who is behind the project, and as whether to invest or not. Etha was around a hundred Dollars in 2018 but how many people who are now saying "had I known" was able to buy as at then.

[Sithara007]

Had I know will always come when it has become past event to those who are always afraid of making investment decision when opportunity show it self them. Even right now is another opportunity to buy some coins at the cheaper rate before is too late again but many people will begin to be soo inquisitive about who is behind the project, and as whether to invest or not. Etha was around a hundred Dollars in 2018 but how many people who are now saying "had I known" was able to buy as at then.

The problem is that no one has the courage to invest when an asset is going down. Also, one of the most important sayings in investment is that you should not try to catch a falling knife. For the new investors, the hype in mainstream and social media will be there only when the prices are going up. When the prices remain low, no one really talk about cryptocurrency. And this is the reason why people are afraid to make their investment with cryptocurrency at current levels.

[XCANA]

Had I know will always come when it has become past event to those who are always afraid of making investment decision when opportunity show it self them. Even right now is another opportunity to buy some coins at the cheaper rate before is too late again but many people will begin to be soo inquisitive about who is behind the project, and as whether to invest or not. Etha was around a hundred Dollars in 2018 but how many people who are now saying "had I known" was able to buy as at then.

The problem is that no one has the courage to invest when an asset is going down. Also, one of the most important sayings in investment is that you should not try to catch a falling knife. For the new investors, the hype in mainstream and social media will be there only when the prices are going up. When the prices remain low, no one really talk about cryptocurrency. And this is the reason why people are afraid to make their investment with cryptocurrency at current levels.

I understand your submission clearly legendary, but this is how you will differentiate between those who has the mind for investment and those who are just out there speculating up and down without investing a penny. Some of them will later pronounce "Had I know" I would have invest in this or that coins. Too much of "acclaimed intelligent" is a problem and is why so many people will remain lamentating for their actions and in action.

[TheEconomists]

Had I know will always come when it has become past event to those who are always afraid of making investment decision when opportunity show it self them. Even right now is another opportunity to buy some coins at the cheaper rate before is too late again but many people will begin to be soo inquisitive about who is behind the project, and as whether to invest or not. Etha was around a hundred Dollars in 2018 but how many people who are now saying "had I known" was able to buy as at then.

The problem is that no one has the courage to invest when an asset is going down. Also, one of the most important sayings in investment is that you should not try to catch a falling knife. For the new investors, the hype in mainstream and social media will be there only when the prices are going up. When the prices remain low, no one really talk about cryptocurrency. And this is the reason why people are afraid to make their investment with cryptocurrency at current levels.

I understand your submission clearly legendary, but this is how you will differentiate between those who has the mind for investment and those who are just out there speculating up and down without investing a penny. Some of them will later pronounce "Had I know" I would have invest in this or that coins. Too much of "acclaimed intelligent" is a problem and is why so many people will remain lamentating for their actions and in action.

Guy you are talking to me directly! I use to help people with analysis of the market and I will not invest my own little money, at list so that I can make some profit at the end of the day because am afraid some times but people who I do advised will make it big in most cases. I really need to walk on my investment altitude.