Topic: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash (Read 492 times)
I think it’s not always that they can do anything they want. But reality is if they do anything wrong they will cause the most trouble as they have a big share of market. that’s why I believe it’s not easy to hold a big of Bitcoin cash.
Hi all,
Apologies if there is already a thread on this - couldn't find one.
Could be v. interesting for BCH when they go public and release all that sweet cash!
Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/
Apologies if there is already a thread on this - couldn't find one.
Could be v. interesting for BCH when they go public and release all that sweet cash!
Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/
They have a good reason to keep it, as they think that is a reasonable bet and the risk is relatively low as they have plenty of hashing power to make it a success.
yes, you hear it very right, as per the days are passing more and more people are getting attracted toward bitcoin investments and we are hoping that this amount will increase more so we should have the patience to develop the market properly.
It is fairly easy to understand, since Bitcoin and themselves are the ones who proposed Bitcoin Cash separation from Bitcoin, and Bitmain is also one of the largest digging pools, they believing that Bitcoin Cash will replace Bitcoin, so they hold a lot of Bitcoin Cash 
Hi all,
Apologies if there is already a thread on this - couldn't find one.
Could be v. interesting for BCH when they go public and release all that sweet cash!
Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/
Apologies if there is already a thread on this - couldn't find one.
Could be v. interesting for BCH when they go public and release all that sweet cash!
Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/
Okay, I checked your source. What they are holding essentially amounts to:
Quote
Perhaps more significantly, that stake represents more than 5 percent of the 17.3 million BCH currently in circulation and 12.5 percent of the 8.4 million BCH that have been moved since the Aug. 2017 hard fork.
Correct me if my calculations are wrong but 5 percent of 17.3M BCH equals 0.865M coins. This is a little smaller than Satoshi's stash of 1M bitcoins. It doesn't look like the latter are going to be released into public soon, so what makes you think that Bitmain is going to dump their coins at all? After all, let's not forget that Satoshi also has 1M BCH (if I'm not mistaken), so they can use their stash as a leverage or counterweight against his BCH holdings in case he decides to do something with his BCH coins.
Large investors always have more profits, but that it does not mean that small investors can not control the market system. Considering that direction, I think we should always be careful about the investment.
Obviously they will be always be because the profit you will be earning is percentage of the investment you made and you should wait for the price to dump in order to hoard more coins.
If BCH spread many reliable coin in crypto market that should be very good news for the investor.
BTC fork is a messy thing, I assume. I prefer Coins rather than forks in time of investing in. Coins are more legitimate and have a good place in the crypto market.
Perhaps bitmain and is the main manipulator of the market, and wants to make bch the biggest coin of the crypto currency market
The matter is really interesting but they will not be able to dump the Bitcoin. If they want to take any worse decision then it will transparent to ordinary investors.
Large investors always have more profits, but that it does not mean that small investors can not control the market system. Considering that direction, I think we should always be careful about the investment.
It’s a good news that bitmain holding a huge amount in bitcoin cash .It is a good news for the customer and the investor. BCH will monitor it and release to the public.
I guess we will finally see Bitcoin Cash completely dump back to around Bitcoin Gold levels, back where it should be. However, I'm not sure that Bitmain is stupid enough to dump it all on the market at once, they're a big company and a very successful one at that. They understand the value of waiting patiently and selling when the market is right. I think they'll slowly release their holdings over a long period of time, or they'll just dump it when the market goes into another bull run, so I wouldn't expect the BCH market to crash any time soon. Also, I wouldn't bother participating in their IPO, right now mining is unprofitable, this is just a way for Bitmain to squeeze some money out of the public by riding on the prior success.
That is correct, dumping all the asset they had just to get a short periods of profit isn't really a goo decision to makes if compared to a stable profit for a long term.As the size of Bitmain, making those fool moves will be avoided as much as possible.
I guess we will finally see Bitcoin Cash completely dump back to around Bitcoin Gold levels, back where it should be. However, I'm not sure that Bitmain is stupid enough to dump it all on the market at once, they're a big company and a very successful one at that. They understand the value of waiting patiently and selling when the market is right. I think they'll slowly release their holdings over a long period of time, or they'll just dump it when the market goes into another bull run, so I wouldn't expect the BCH market to crash any time soon. Also, I wouldn't bother participating in their IPO, right now mining is unprofitable, this is just a way for Bitmain to squeeze some money out of the public by riding on the prior success.
BCH will spread some sustainable coin which are well balanced and user friendly I hope and it's will be popular in future.
BTH will create their platform in crypto an it's beingg popular gradually in crypto world. Hope it will be improving more in future.
The fate of BCH is in the hands of the big whales now. From what I know, they can't just sell their coin and they are closely monitored by other investors as well. They don't have a choice but to continue to improve their coin so that the demand goes higher. I am excited how this plays out although I don't invest on a coin that is heavily reliant on one individual or organization.
One player owning so much and taking advantage and monopolizing the mining market is disturbing. Hopefully some competition of some sort comes along and evens the field out.
Although they have a good opportunity to dump the market, they will not do it. Because if they start selling Bitcoin, then the price will definitely decrease.Therefore, Bitcoin investors need to gain a huge idea about market systems, selling and holding time.
I do not agree with your opinion
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