I think that won't be a wise decision for Bitmain to dump all those coins they hold.
It won't just making the price falling, but it will also give a bad effect for Bitmain.
Topic: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash - page 2. (Read 492 times)
We're looking forward to that and anxiously to the release and to also feel the effect on the market.
To be honest, I don't really trust the coins forked from Bitcoin. Recent leaked news states that, Bitmain is holding Bitcoin cash of worth 300 million dollars. Maybe this is the reason behind the pump and dump of price of Bitcoin cash.
Basically this is the reason why who have enough knowledge based on this market doesn’t invest in forked coin so we need to think before invest.
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/
Wasn't the owners of bitmain the dudes that started out all of this bitcoin cash thingy ?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/
I mean its only logical that they are gathering as much bitcoin cash as they can because they want to keep bitcoin cash alive, people are selling bitcoin cash as soon as they have it and kept selling it ever since the first day, bitmain probably just buys them so the price doesn't plummet to hell.
If they do not buy it, noone else will and bitcoin cash will be like 1 satoshi after couple years. The only bad part is that, bitmain is probably selling their bitcoins just to get more bitcoin cash and keep it alive. The day will come when they will want to cash out their bitcoin cash and when that comes, the price of bitcoin cash will go down insanely.
Everyone is now concern about the fact of Bitmain for hodling about $600 million BCH and right now they can't settle on how they would play what they are hodling on the grounds that its definitely known in general society and they can't do however they see fit control BCH's costs which is too terrible for them.
I don't think to hold $600 million in Bitcoin money be a major ordeal for an extensive crypto organization like bitmain. Apparently, they are the biggest crypto driven organization all in all planet and they definitely have a load of numerous crypto resources to a great extent bitcoins.
you are right. it will intrigue see that if and when they choose to do as such. A ton of BCH coins is amassed in the hands of a few major whales. They can't dump their coins without a moment's delay in light of the fact that the cost will dive. I believe that the future BCH value development basically relies upon the conduct of these enormous holders.
Any forks of bitcoin seems worthless to me. No matter how huge amount people are holding a specific coin, it won’t last long enough. The ultimate winner will be bitcoin and its forks will die eventually. But the market highly depends on these big whales since they have the ability to manipulate the market every now and then.
This will eventually lead to a pump and dumb scenario. For this very reason, the majority of the experts do not go for forked coins.
They will probably trigger a pump and dump people afterward.
I always chose to ignore any bitcoin forks. Even bitcoin cash.
I always chose to ignore any bitcoin forks. Even bitcoin cash.
We should never even try to invest in them because forked coins are enemy of the bitcoin and an enemy of bitcoin is my enemy too. Lolz.
Well, BCH is big ass and I guess Bitman will surely dump this big shit at once when they feel to do so. This venture has been giant of miners since very ling time now and I guess it is going to be complicated whether they will support this coin or will dump it immediately after they are at that stage.
I am feeling that many people gonna cry if the Bitman dumps it and there will be huge price drop and lots of people loosing their money over it.
For this very reason, the majority, especially the experts in the market do not like to invest in forked coins.
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/
Yes, of course, it will be very interesting for BCH if they go public and release all that sweet cash and but i don't think this is going to happen as i can analyse and see that there is still more room left for manipulating the BCH and they may sell out their holdings slowly if they really feel something BAD about the BCH otherwise i don't think they are planning to sell here. By the way, the article is really good and informative, thanks for sharing
Actually mainly newbie’s or who don't have enough idea based on this they invest here but experts never invest here for forked coin.
LOL, Bitmain is the creator of Bitcoin Cash which is why they hold a lot of it. it is also because they own almost all of the hashing power of bitcoin cash and have been mining it from the first day.
and in case you have forgotten in the early days they manipulated the difficulty in a way that they could find more than 1000 blocks per day (as a comparison bitcoin normally finds 144 blocks per day). so based on the fact that the article is old and BCH was worth higher and the fact that each block rewarded them 12.5 BCH they only needed to mine it for nearly 2 months to accumulate that much! as i said they have been mining BCH for a year now.
in short this is not an investment, it just happened this way and they had no way of dumping it without killing BCH price. so they held most of it to dump slowly.
that bad
gonna be like bomb , just waiting for the time until bitmain sell all their BCH then the price will dump
gonna be like bomb , just waiting for the time until bitmain sell all their BCH then the price will dump
If Bitmain decide to sell their deposit it will damage to all crypto community who hold this coin. The price of BCH will be dumped dramatically. I really don't see benefit of this bitcoin fork.
Actually mainly newbie’s or who don't have enough idea based on this they invest here but experts never invest here for forked coin.
LOL, Bitmain is the creator of Bitcoin Cash which is why they hold a lot of it. it is also because they own almost all of the hashing power of bitcoin cash and have been mining it from the first day.
and in case you have forgotten in the early days they manipulated the difficulty in a way that they could find more than 1000 blocks per day (as a comparison bitcoin normally finds 144 blocks per day). so based on the fact that the article is old and BCH was worth higher and the fact that each block rewarded them 12.5 BCH they only needed to mine it for nearly 2 months to accumulate that much! as i said they have been mining BCH for a year now.
in short this is not an investment, it just happened this way and they had no way of dumping it without killing BCH price. so they held most of it to dump slowly.
I'm not surprised though bitmain holding that so many Bitcoin Cash, the problem is what will they do with that $600 million Bitcoin Cash. Imagine if Bitmain sell all their Bitcoin Cash, it will makes the bitcoin cash price fall for sure. It's scary though when a person/company own so many coins that can make the price changed if they sell the coins.
Actually mainly newbie’s or who don't have enough idea based on this they invest here but experts never invest here for forked coin.
I don't think holding $600 million in Bitcoin cash be a big deal for large crypto company like bitmain.
Arguably they are the largest crypto centric company on the whole planet and they surely have a stock of many crypto assets largely bitcoins.
Arguably they are the largest crypto centric company on the whole planet and they surely have a stock of many crypto assets largely bitcoins.
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