Post
Topic
Board Economics
Re: Winklevoss: Trying to pump before they dump?
by
chmod755
on 16/12/2013, 21:23:25 UTC
If they are so convinced of this high price, why sell the position.

Some (especially those with several billions or even trillions) might avoid Bitcoin as a currency with public information available about two people owning ~1% of it – knowing they bought "low" compared to the current exchange rate and they might need some money to get their IPO started. It simply can't go – or at least it won't stay at $40,000 with a wealth distribution like this – greed and the risk of someone dumping 1% holds it down – that's why you diversify…

That being said: I think their intentions are good.