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Poor Winklevoss twins keep taking the wrong decision at the wrong time...

"This social network idea looks great, let's tell Mark Zuckerberg about it!"

"Bitcoin has been rising so fast, we should sink a few million dollars into it!"



It sounds like they started buying long before this latest hype cycle:

"The 31-year-old identical twins have amassed since last summer what appears to be one of the single largest portfolios of the online currency that has caused such a stir in financial and technology circles."

Though I do wonder about the timing of them going public with this fact. Perhaps they're trying to dampen the crash.


I'd bet they started talking to the reporter near the $266 peak -- "look how savvy we are!" -- and publication came after the last 24-36 hour crash.


I'd bet you didn't read TFA: But the 6-foot-5 Winklevii were unfazed by the latest tumult. Indeed, the brothers said they used the low prices to buy more


That the reporter got their comment about the latest plunge provides no evidence either way about when they first talked to the reporter about their Bitcoin holdings. For a story like this, it's almost certain that the interviewing began more than 48 hours ago.

(I'd bet you'd benefit from thinking more deeply before playing 'gotcha' with non-dispositive article excerpts.)


- They started to buy last summer. - They bought cheap after prices collapsed.

This makes it look as if they were smart. As in, "not doing stupid things out of panic or euphoria".


"This makes it look as if they were smart"

Seriously. If this was the case, they wouldn't have publicized their "investments" only when it became trendy. I hope they lose a butt-ton on BTC.


The article says they have been buying since the summer, so they are most likely still up a bunch.


I'd like to make such bad decissions to have few million dolllars to sunk into bitcoin.


Be born rich.


>"For their part, the Winklevoss twins have used some of their bitcoin to pay for the services of a Ukrainian computer programmer who has worked on the site of their venture capital firm."

Who is this new Ukranian Mark Zuckerberg they have just created? I am sure people should invest in his imminent Bitcoin spinoff...

TheBitBook.com???


If money is a way to keep score, they're doing pretty well for themselves.


They'll always be okay, no matter how poor their business decisions and investments.


Unless you know the price they bought in....




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