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Old 04-12-2013, 11:00 AM   #1
HushMoney
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Zuckerberg's nemesis' The Winkelvoss's have lost $20million with this Bitcoin drop.

Watching CNN now. They had roughly $28 Million in bitcoins at the height this week, now they have around $8 million.

ouch.
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Old 04-12-2013, 11:25 AM   #2
Emil
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The haven't lost anything until they cash out.
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Old 04-12-2013, 11:27 AM   #3
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I saw that as well, kind of funny indeed
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Old 04-12-2013, 11:27 AM   #4
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Well they can take comfort knowing Zuckerberg lost much more after the facebook ipo
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Old 04-12-2013, 11:30 AM   #5
dyna mo
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why is that funny? they bought in last summer when the price was sub-$30.
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Old 04-12-2013, 11:31 AM   #6
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actually, looks like they may have bought in at <$13.
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Old 04-12-2013, 11:51 AM   #7
seeandsee
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How much can you sell per day on popular trade markets? Is there some limit?
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Old 04-12-2013, 01:01 PM   #8
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probably going to rise until the kids hit it again next week. lol
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Old 04-12-2013, 01:16 PM   #9
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so they bought when it was highest?
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Old 04-12-2013, 01:20 PM   #10
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Quote:
Originally Posted by Emil View Post
The haven't lost anything until they cash out.
That's how people go bankrupt, :p
When you have that mentality and bitcoin goes to $1/coin and you're still holding... Tisk Tisk

A lot safer to sell during the crash and rebuy at the bottom. You either don't lose very much or you gain a lot more bitcoins/money.
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Old 04-12-2013, 01:53 PM   #11
dyna mo
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so they bought when it was highest?
no, they bought over a year ago, super low, but the *story* is based on crunching the #s at the peak and valley of this several week price fluctuation.
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Old 04-12-2013, 07:52 PM   #12
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So they're still FAR in the black but the media is making it seem the complete opposite?


Sounds about right.
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Old 04-12-2013, 11:24 PM   #13
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guys backed there way into 300 million. wonder if the money is coming from their private equity group.
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