Quote from: iluvpie60 on December 22, 2013, 05:34:12 PM

Quote from: porc on December 16, 2013, 09:03:15 PM

PUMP:

"The brothers are unsurprisingly bullish on Bitcoin. Camerons conservative bet is that its US dollar valuation will surpass $40,000 per coin a potentially colossal figure as he explained in a response to one Reddit user: "small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I dont know, but if it happens, it will probably happen much faster than anyone imagines.""

DUMP:

"The twins are in the process of setting up the Winklevoss Bitcoin Trust, a listed fund to manage their Bitcoin wealth and bring greater legitimacy to the virtual currency. Papers for the initial public offering were filed in July, but the final decision is still pending. Due to regulations, Cameron was unable to discuss the trust in the AMA"

http://thenextweb.com/insider/2013/12/15/winklevoss-twin-says-bitcoin-valuation-will-top-40k-plays-down-silk-road-closure/#!p2vds

"In a move that could come to mark a major new era for the virtual currency, Tyler and Cameron Winklevoss have filed to float their stash of Bitcoins on a conventional stock exchange. The former Olympic rowers have lodged papers for a $20m initial public offering of the Winklevoss Bitcoin Trust, which holds their Bitcoin wealth, and would be managed by the Winklevoss' investment fund, Math-Based Asset Services. "

http://www.telegraph.co.uk/finance/currency/10157710/Winklevoss-twins-20m-plan-to-make-Bitcoin-mainstream.html

Obviously they want the price to be as high as possible, before they dump via this fund. This is a clever tactic, as the dumping via a trust can support the price (wow new trust, look at the adoption) and you can get rid of your coins. If you dump on an exchange it leads to total collapse.

If they are so convinced of this high price, why sell the position. Sounds like a scam to me.

They are going to sell because they, unlike you all, understand Bitcoins will get completely fing trashed by altcoins. Bitcoins will never be worth more than 2,000 per. Altcoins are already better/faster transaction speed/less fees/use less energy/can be supported by less miners/blocks are generated faster.

You got to be a fing complete idiot to think your Bitcoins are going to be the number 1 coin forever. Within 2 years Nobody will give a flying F about Bitcoins. It will be all about Altcoins because they are better in every way. The more and more people who get into it, the more and more people will see that Bitcoins have no benefits over lets say, Feathercoin, and Peercoin.

PS I like swearing. Wink

lol idk.

Altcoins are just Copycats that try to profit from the success of Bitcoin and if Bitcoin fails, all other Altcoins will fail. There is a huge ammount of money bond into Bitcoin, they are unlikely to move to another Crypto because the success of Bitcoin is not that the technical specifications are better than the other Altcoins, but that the people have gained trust over time.

I will tell you we will see the prices of Altcoins disconnecting from the Bitcoin price, when people realize they can make more with the original.
And then slowly we will see some Altcoins dissapear.