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

zanezane

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Quote from: poodle63 on May 26, 2021, 02:16:59 AM

They really has huge balls, in 2011 many people including me will find it hard to see how bitcoin could grow this much, you know it's like they know that bitcoin will be such a big thing in the future and that's right
I guess the saying that said only risk taker can grow their money is true, it's also the reason why i'm holding hard all of my coins, I couldn't imagine being the next winklevoss
but I could imagine to have better financial condition that i'm currently in and I will try to repeat the same feat that they have experienced if I can.

That's because we don't have the same background as the twins, I mean how can they get that amount of money if they don't have a safety net in place, they are rich in the first place so they can afford to buy that amount of bitcoin without batting an eye, us common people and the twins are completely different, that's why you have doubts in the early days of bitcoin, you value money and you want to prevent any loss as much as possible like any other people that doesn't have a rich background.

Vishnu.Reang

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Quote from: ilovealtcoins on May 26, 2021, 01:45:34 AM

At the time in 2011, very few people knew about Bitcoin and I don't think anyone would dare to buy 10 million USD of Bitcoin and hold it for such a long time. I really admire these two, they are the veteran holders we know. They have been patient and have preserved their assets scientifically to be able to use their money up to this point. Many people have lost their password or account recovery phrase in the past. Perhaps because they keep too little Bitcoin in their wallet at the time of ownership, they are subjective and forget what their recovery information is.

2011 was the year when Wikileaks started accepting Bitcoin. There was widespread coverage in mainstream media (although the portrayal of Bitcoin was mostly negative). The hype lasted for 1-2 months and helped the Bitcoin exchange rates to jump from $3 per coin to around $30 per coin. But from what I have heard, the Winklevii accumulated most of their BTC in 2012 and 2013, and not in 2011. Their purchase was not made in one go, but spread out over many months. So the purchase price also varies a lot, depending on the date.

TheEconomists

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Quote from: TheGreatPython on June 06, 2021, 01:41:30 PM

If I discovered bitcoin earlier like most of these people that came across it then, I am very sure that I would have invested in it without any delay, because the time I discovered bitcoin I never wasted anytime in investing in it. When I discovered bitcoin I was searching through Google, and I picked interest because to me it’s a really cool invention and I was ready to take the risk and also because I can use it for transactions.

You are just saying this mainly because Bitcoin price has gone so high and had it been you were aware of Bitcoin in 2009 or 2010 you would have not believe in it future value for you to invest. Am sure you were aware of Etherium, Coins like BNB and others when their market value were very little? How much did you invest? if I may ask, I hate when people are lamenting of something that even if they have the opportunity they wouldn't have invested because they don't know what will happen the next hour or day.

Edit:
Your account was registered in 2013 and you still here complaining of not aware of Bitcoin earlier except if you are not the original owner of the account. Bitcoin market value was less than $500 as at 2013.

TheGreatPython

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If I discovered bitcoin earlier like most of these people that came across it then, I am very sure that I would have invested in it without any delay, because the time I discovered bitcoin I never wasted anytime in investing in it. When I discovered bitcoin I was searching through Google, and I picked interest because to me it’s a really cool invention and I was ready to take the risk and also because I can use it for transactions.

My motivation didn’t come from anyone, but from myself, because it wasn’t even popular around me then. So I pushed for it. But it’s never too late for those that wishes to reach a level like this, because Bitcoin still has a long way to go and it’s going to reach there.

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They really has huge balls, in 2011 many people including me will find it hard to see how bitcoin could grow this much, you know it's like they know that bitcoin will be such a big thing in the future and that's right
I guess the saying that said only risk taker can grow their money is true, it's also the reason why i'm holding hard all of my coins, I couldn't imagine being the next winklevoss
but I could imagine to have better financial condition that i'm currently in and I will try to repeat the same feat that they have experienced if I can.

ilovealtcoins

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At the time in 2011, very few people knew about Bitcoin and I don't think anyone would dare to buy 10 million USD of Bitcoin and hold it for such a long time. I really admire these two, they are the veteran holders we know. They have been patient and have preserved their assets scientifically to be able to use their money up to this point. Many people have lost their password or account recovery phrase in the past. Perhaps because they keep too little Bitcoin in their wallet at the time of ownership, they are subjective and forget what their recovery information is.

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I think they did a huge gamble that paid off and kudos to them for it. However we should also realize that they didn't do it from a poor point of view, they were very rich.

I understand that there were tons of rich people who could have done the same thing and didn't so they are definitely one of the best at their own league there is no doubt about that, but there are 7+ billion people who do not have remotely the same amount of money they have, we are talking about people who were born rich and had always been rich from the start, went to Harvard, had a dad that allowed them to do whatever they loved, got a huge money for something they couldn't even built so they just took money from the person who could build, and spent that money (not even all of it) on something they just saw future in because they would still be rich if it failed. So, they were comfortable doing it, unlike most of us who were scared to buy at the time.

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Quote from: goldade on April 12, 2021, 07:21:56 AM

This is a very perfect example of how buying and hodling bitcoin can make one rich. I came across a thread on this forum recently where the OPs argument was that bitcoin was not made to make one rich. While he may be right, I strongly believe that those who got rich by it didn't do anything wrong.
It is noteworthy to know that these guys bought when it was as low as $8 and hodl till it is over $60k. One cannot but wonder why didn't they sell earlier. Of course, they'd have made quite a lot of profits too.

Crypto and bitcoin has made many millionaires and those who just believed in it and even bought in few thousands of dollars today would have made a good fortune for themselves. And buying at lower price is the best thing and now with the rates at 35k what a lucrative deal we have in front and buying in tranches is what I have started to build around and own some of it. Lets us ensure we do not miss this opportunity and end up retiring rich with crypto.

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Quote from: rosenbauer02 on April 13, 2021, 04:09:52 AM

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.

This kind of feeling is same to what is happening cuiat the market with blood spill everywhere Grin

and some are cashing out in fear while others are hodling. I think what matters is our plans to the investment we make.

A longtime determined investment is different from those who are in for the short time and gains. For the short time, a little pump will be considered a good business but that won't be considered as such for the long time who probably is looking at 10 years and also for a particular price range. This could have been the winning for those investors.

And just so we understand it that currently now, some coins that are very low in price today won't remain low in future. The choiywe make today will determine how we are also going to feel in future and how others will celebrate, talk and write about us too whether here on the forum or in real life.

TheEconomists

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Quote from: XCANA on May 24, 2021, 04:04:41 AM

Quote from: Sithara007 on May 24, 2021, 12:08:27 AM

Quote from: XCANA on May 23, 2021, 07:03:29 PM

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.

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Quote from: Sithara007 on May 24, 2021, 12:08:27 AM

Quote from: XCANA on May 23, 2021, 07:03:29 PM

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.

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Quote from: XCANA on May 23, 2021, 07:03:29 PM

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

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Quote from: The Sceptical Chymist on April 12, 2021, 07:52:04 AM

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.

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Quote from: Febo on May 03, 2021, 12:23:48 PM

Quote from: Zilon on April 11, 2021, 12:14:12 PM

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.

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Quote from: lixer on April 12, 2021, 09:49:23 PM

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.

Quote from: The Cryptovator on May 03, 2021, 11:35:58 AM

@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).

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Quote from: Zilon on April 11, 2021, 12:14:12 PM

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%.

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@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.

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Quote from: Lizzylove1 on April 14, 2021, 10:57:37 PM

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.

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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.

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Quote from: Shasha80 on April 13, 2021, 04:09:09 PM

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?

Topic: The Winklevoss twins worth $3bn Each for buying Bitcoin @ $8 with confidence (Read 468 times)