Are the Winklevoss twins selling off their Bitcoin stash? - page 2.

brobbel

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Quote from: davis196 on March 18, 2017, 02:16:58 AM

The price decrease is not caused by the ETF rejection or the Winklevoss twins.
It is caused by this new BTU project,i quess.
People are in panic by "bitcoin unlimited" and that`s why they are selling btc right now.

Why should they in panic about that?

Maybe they are in panic about the growth of fees, but not for either "Bitcoin Unlimited" or "SegWit" - they are both (short term) solutions for the congestion of the network, both with pros and negs. But I don't think the negs of either of them would panic anybody. The time to reach a solution (either or both of them) is more likely to be a thing to panic for.

Clement Kaliyar

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Quote from: davis196 on March 18, 2017, 02:16:58 AM

The price decrease is not caused by the ETF rejection or the Winklevoss twins.
It is caused by this new BTU project,i quess.
People are in panic by "bitcoin unlimited" and that`s why they are selling btc right now.

There is a general plan by the exchanges to consider bitcoin unlimited as a alternate currency so i think there should not be any panic and investors will have a general problem understanding the real issue here and so is the reason they are selling .
The winklevoss twins just got rejected by the SEC and that does not make them want to sell off their coins and show that it can be manipulated by a single entity and that is one of the issues SEC will be looking at if they have to approve this it has to be fool proof and manipulation should be shelved and termed illegal.

davis196

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Quote from: deisik on March 18, 2017, 01:39:13 AM

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 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-offs (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

The price decrease is not caused by the ETF rejection or the Winklevoss twins.
It is caused by this new BTU project,i quess.
People are in panic by "bitcoin unlimited" and that`s why they are selling btc right now.

deisik

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Merit: 1280

English ⬄ Russian Translation Services

Quote from: Xester on March 18, 2017, 01:43:33 AM

Quote from: deisik on March 18, 2017, 01:39:13 AM

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. Now for the second day in row Bitcoin is making lower lows but it is still very resilient and rebounds strongly. So it looks like someone is pouring plenty of bitcoins into the market in a (likely) desperate effort to ignite a severe panic selling (say, down to 700 dollars per coin). Could that be the twins themselves? They should feel pretty frustrated now and thus may decide to blindly revenge

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

The cause probably of the price deflation was not the Winklevoss twins. They will not dump their huge amount of bitcoins just because of that rather they maybe are thinking of other ways to get back to the game. But we cannot deny the fact that the news on ETF has attracted many individuals to invest in bitcoins and thus a huge rise was seen on the market but after the disapproval of the SEC those who bought bitcoin due to ETF reason only had probably panicked and sell their bitcoins

They might not be selling all their bitcoins since they remain businessmen in the first place, no matter what. But now when there are no more delusions about further decisions regarding Bitcoin funds and similar attempts, they might just take an opportunity to book some profits while the price is still high enough (that would be a rational choice, anyway). On the other hand, I don't agree that the expectations of this ETF approval had attracted folks to Bitcoin (at least, in any significant numbers) since it was pretty evident to any sane person that the chances of approval were pretty dim

If it is not them, then who is massively selling off?

Quartx

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Becoming legend, but I took merit to the knee :(

If you are one of them why would you even dump it in the first place? Be it success or failure, there are many more ways and countries to achieve what they want, even more mainstream investors for cryptos in general. If they really dump btcs because of one small rejection, it would rather proof that the rejection is a good thing as they merely want to make a quick flip and are not serious about what they say.

Bitcoin prices have never been stabled until recently, there are many factors attributing to the small decrease in pricing these two days which may continue for a week or two, however, the winklevoss etf rejection is pretty much a non factor imo

Xester

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Quote from: deisik on March 18, 2017, 01:39:13 AM

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. Now for the second day in row Bitcoin is making lower lows but it is still very resilient and rebounds strongly. So it looks like someone is pouring plenty of bitcoins into the market in a (likely) desperate effort to ignite a severe panic selling (say, down to 700 dollars per coin). Could that be the twins themselves? They should feel pretty frustrated now and thus may decide to blindly revenge

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

The cause probably of the price deflation was not the Winklevoss twins. They will not dump their huge amount of bitcoins just because of that rather they maybe are thinking of other ways to get back to the game. But we cannot deny the fact that the news on ETF has attracted many individuals to invest in bitcoins and thus a huge rise was seen on the market but after the disapproval of the SEC those who bought bitcoin due to ETF reason only had probably panicked and sell their bitcoins.

deisik

legendary

Activity: 3486

Merit: 1280

English ⬄ Russian Translation Services

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

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