Quote from: ensurance982 on May 05, 2015, 04:22:53 PM

Quote from: cellard on May 05, 2015, 03:52:04 PM

Quote from: necrita on May 05, 2015, 04:33:22 AM

When the winklevosses were prudent to make a wise investment in BTC in 2012, why did they not sell a large percentage in the great BTC rally of 2013?

It's widely speculated that they own 1% of coins in circulation. Which means during the rally their BTC holdings were worth at least $100 million. When their combined net worth is about $200 million why would they not sell out. It would have increased their net worth by 50% overnight.
Did the BTC market not have enough liquidity to make them whole, if they decided to cash out a percentage of their holdings?
There are people on the forums who were apparently able to cash out $1MM worth of BTC on finex.

They are here for the long run, they know we are still on the very, very early days, the expected Bitcoin marketcap for them is on the trillions, as it has the potential for defeating VISA and the rest of electronic payment combined, thats the goal and thats what everyone that is here for long term should strive for.

In my opinion, VISA has a completely different business model or function than Bitcoin. Bitcoin is a currency, and VISA is a specific payment system. VISA could even go as far as offering Bitcoin integration at some point! I don't think Bitcoin will replace, VISA, FIAT money, or anything!

It doesn't necessarly mean replacing, but beating them in terms of transaction volume (which could be done without replacing them, and in return BTC would be on the trillions, at like 350K a coin).