BITMAIN mined $500 BILLION USD of BTC did they SELL or HODL??

chenille

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chenille!

Quote from: btc-room101 on December 02, 2018, 02:43:04 AM

So given that BITMAIN(CHINA) accumulated say +80% of all BTC to date post 2013, did they sell it or did they HODL?

I doubt that it is that much. I agree that they mine big amounts of BTC but 80% since 2013 is far too much. Bitmain is now a very big player, but when it was founded in 2013 it took some time to get into market leader position.

Quote from: btc-room101 on December 02, 2018, 02:43:04 AM

Given that BTC has lost over $600 BILLION USD in value since Dec 2017, I'm going to speculate that BITMAIN sold their bitcoin to the bag-holders (HODL'ers )

What you think?

If they sold all their BTC that wouldn't make sense at all. Bitmain would never be interested in dumping the price, more likely to speculate in long term. Remember that an Antminer S9 was priced 2,500$ in late 2017 and now only 400$ due to BTC price. Causing bad BTC prices is not desired of Bitmain.

Quote from: btc-room101 on December 02, 2018, 02:43:04 AM

The question begs to ASK, if the paternal father of BTC doesn't HODL, then why should the little morons HODL?

Therefore I would say Bitmain still holds most BTC.

Pursuer

legendary

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Where is my ring of blades...

Quote from: btc-room101 on December 02, 2018, 02:43:04 AM

we know bitmain did most of the mining,

no, this is what you think and you are wrong. bitcoin doesn't have "most" of the hashrate to be doing "most" of mining. they have a small percentage of it.

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and their pools accumulated most of the btc,

a mining pool is a way for miners from different places around the world to "pool" the work and share the block reward the pool itself only gets a fee to cover their costs.

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and for every antminer (s-9,...) they sold the west, they kept 9 for themselves to mine during low difficulty, not selling machines until the difficulty was high, taking advantage of cheaper power than the west ( pre-2018 )

you are again only saying your personal opinion here.

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So given that BITMAIN(CHINA) accumulated say +80% of all BTC to date post 2013, did they sell it or did they HODL?

first prove the first statement then ask a question about it!

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What you think?

considering your post history and this topic I think you are new to creating FUD and think topics like this can be categorized as an FUD. if you like I can explain what a good and effective FUD looks like...

Savantor

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It’s a simple but highly effective whale strategy to foment market panic by dumping large amounts and later buying back at a significantly lower price.

It would almost be criminal to pretend otherwise especially in this market.

Tytanowy Janusz

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Top-tier crypto casino and sportsbook

We dont know that. Perhaps they were selling most of their coins on daily basis to cover elecrity and hardware cost leaving only small % in coldwallet. You should not think that 1 person is resposible for this bear market. Bull market beafore that was more irractional than this bear market now. We were sentenced to current bear market when we passed 5000$ in 2017. It was too fast.

bitfocus

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You can contact them directly on email, twitter etc. and update this post with their reply, we would love to hear what they say

talkbitcoin

legendary

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All I know is that I know nothing.

they didn't mine $X amount of bitcoin once. they are constantly mining $XXXX worth of bitcoin every single day and will continue to do so.
and what they do with that amount is not changing whether they are selling it, holding it, burning it,... it is still the same and will be the same Cheesy

TravelMug

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You can go to their official account and ask them directly: https://twitter.com/BITMAINtech.

No one can answer that questions here. And all you can get is pure speculation responds which will in turn into another "cyclical argument", just saying.

btc-room101

member

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Merit: 30

I would really like the opinion here of the community, we know bitmain did most of the mining, and their pools accumulated most of the btc, and for every antminer (s-9,...) they sold the west, they kept 9 for themselves to mine during low difficulty, not selling machines until the difficulty was high, taking advantage of cheaper power than the west ( pre-2018 )

So given that BITMAIN(CHINA) accumulated say +80% of all BTC to date post 2013, did they sell it or did they HODL?

Given that BTC has lost over $600 BILLION USD in value since Dec 2017, I'm going to speculate that BITMAIN sold their bitcoin to the bag-holders (HODL'ers )

What you think?

Well if they HODL'd, then bitcoin would still be worth $20k or more, given at 90% drop, I'm going to assume that BITMAIN converted their btc to real-money.

The question begs to ASK, if the paternal father of BTC doesn't HODL, then why should the little morons HODL?

Topic: BITMAIN mined $500 BILLION USD of BTC did they SELL or HODL?? (Read 223 times)