I thought they sold most when the SEC said no to them
they only had 50 mil or so to invest and put very little of their own into bitcoin it was all investors I thought
so the coins got sold to pay back the investors backing them for the SEC play that failed
sure they own gemini, but that's a bush league exchange and they do btc and eth only
minor players the winkies
but they sure get nice pr like they are mega billionaires
NOT
Topic: What if the Winklevoss twins would sell all their bitcoins? (Read 756 times)
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?
Of course it will be a big dump that the value price of bitcoin will crashed too but bitcoin have already a foundation of trust with the people and it becomes traditional now that in every huge dump of bitcoin price, it will become opportunity for the others to purchase bitcoin at a cheaper price in which some people are hoping and praying for this so that they could be onboard for the next pump up.
Bitcoin's value would go to 0, or close to. They have over 100,000 bitcoins. If they sold, there's not nearly enough demand to buy that up. It would literally kill the price for a long time, if not forever. (Them selling would also mean something is seriously wrong with Bitcoin, such as it being hacked into via quantamn computing, etc)
Hmmm, I think with the current amount of unconfirmed transactions and the skyrocketing fees the question is wether they would be able to sell the coins before the whole BTC network collapses 
Above all who cares... it's their money they have the right to chose for themselfs what are they going to do with it. Don't lose your time thinking what others can do and what will happen if they did do it...
They could do that to cause panic selling so they can jump in later on and buy at dip, but this has its own risks overall I dubt that they will do this they have enough money from GEMINI exchage so they are prob holding in bitcoin or whatever other cryptocurrency that it might be.
Will create serious downfall for some time but I still believe that it won't last long, the idea is just to create panics and investors and traders are also
ready to catch up so even they sell everything they have support will eat that and the value will bounce back and rise up again.
ready to catch up so even they sell everything they have support will eat that and the value will bounce back and rise up again.
They could do that to cause panic selling so they can jump in later on and buy at dip, but this has its own risks overall I dubt that they will do this they have enough money from GEMINI exchage so they are prob holding in bitcoin or whatever other cryptocurrency that it might be.
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?
Well considering they've just made themselves billionnaires, there definitely will be a quick dump. But as with what happened in the past with dumps, definitely bitcoin will recover. A lot of people will be ready to pick up those sats any chance they get
They probably do sell a controlled amount every single day and also buy a controlled amount every single day.
According to market rules, when there is a lot of something suddenly, the price goes down, but I doubt that the fall will be big.
they have like 1% of the total supply, so yeas it would go down and then going back again. They are not stupid, they wont sell. Why sell now when you can get 5 billions in 2 years ?
Shit! Actually I never heard of them, I am still quite new in crypto, but 1% of total supply is huge, let alone bitcoin
I hope thew will use theirs wisely, not using it to manipulate the market, is it too much to ask? LOL
I even struggle to have my first bitcoin, while they have like 210k of it
does anyone really have a signed msg proving that they really control the coins they claim to have ?
I think their sales do not constitute a huge obstacle, but what they sell is where they will place the money and which stocks or which currency they will evaluate with Virtual Money. I sell as much as you earn from a gold coin 10 times as much as 20 times already with a pretty big profit margin Bitcoin den exit they will have a big impact on the market.
Will create serious downfall for some time but I still believe that it won't last long, the idea is just to create panics and investors and traders are also
ready to catch up so even they sell everything they have support will eat that and the value will bounce back and rise up again.
ready to catch up so even they sell everything they have support will eat that and the value will bounce back and rise up again.
Like with stocks, you want to prevent flooding the market.
If they sell it will be in parts.
or otherwise maybe they will sent it first to other investors, so nobody will know they sold them
If they sell it will be in parts.
or otherwise maybe they will sent it first to other investors, so nobody will know they sold them
The big hodlers would be crazy to sell, they already have everything in life they need by now. When you sell BTC you sell something very unique.
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?
Why should they sell any of their coins? If I am not wrong, they have kept it aside for the creation of a Bitcoin-based ETF. And the indications are that they are going ahead with that plan and trying to get the ETF listed in the major exchanges. So we don't need to worry about the Winklevii selling their coins. On the other hand, we need to worry about Roger Ver's coins.
in 2018 we expect more forks related to centralization and from this bitcoin will only grow and develop in an arithmetic progression. It remains only to wait for this moment.
It will create a Wall on the Gemini exchange for a while, until everything are bought and then it will go back to normal. They
might spread it over more than one exchange, but I doubt it. {they own Gemini, so they will pay no fees} We had this type of
scenario before and it only caused a small dip in the price and then things went back to normal. The price of Bitcoin is
not calculated by using only ONE exchange... it is normally a average of a couple exchanges. {Look at Preev.com}
might spread it over more than one exchange, but I doubt it. {they own Gemini, so they will pay no fees} We had this type of
scenario before and it only caused a small dip in the price and then things went back to normal.
The price of Bitcoin is not calculated by using only ONE exchange... it is normally a average of a couple exchanges. {Look at Preev.com}
They claim they would keep their bitcoins for few years and for even bigger profit
So, what would happen if the Winklevoss twins would sell all their bitcoins (or a big chunk of it)? Would the price go down quickly or would others just buy the coins in the hope it will rise even more?
A bunch of coins get traded everyday. Them dumping their coins will only effect the market for a week or so then it would go back to normal.I think you severely underestimate their holdings.
if they sold all at once if exchange order books were unchanged the price would probably go to zero. exchange order books are never fixed so fiat would pour in to meet it. there may not be enough money ready to avoid a vast hit, but it would be taken as huge opportunity at least with the current mindset.
The price wouldn't necessarily drop as much as volume disappearing, with similar outcomes.
they have like 1% of the total supply, so yeas it would go down and then going back again. They are not stupid, they wont sell. Why sell now when you can get 5 billions in 2 years ?
They had 1% when they bought the coins. More coins have been mined then, so they don't have that anymore, unless they've kept buying.
As for the OP question, I think that if any of those big players sold their coins they would crash the market, because we have a lot of weak bitcoin holders, that would panic if the market started moving down. I don't think there is any reason for those whales to do that, specially the twins, since they want to launch ETFs, so why would they risk crashing the market?
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