Topic: Jihan Wu is no longer CEO of Bitmain - page 3. (Read 798 times)
i don't think the whole company is going to make a 180 degree turn just because the CEO of it changed. we will surely see changes specially as BCH has lost it profitability as it continues losing the hype that they blew into it all in 2017. but it won't just die because it was not centralized to one person/company but there are other millionaires in it still trying to keep it alive while they make money.
They will might fully focus in BTC mining and their business. Selling BCH will cause massive drop in BCH price and might cause fear that ( bitmain is exiting from BCH) will further dive down the price.
They will be fine if they gradually sell their BCH bags while using their hash power to mine BTC .
They will be fine if they gradually sell their BCH bags while using their hash power to mine BTC .
A) still in deep financial trouble and had to lay off many of their staff recently
Definitely. Some of the news about it were fake, but they did close their Israeli and Dutch offices, I believe.Still holding a significant amount of BCH?
Surely. The market could never handle the sale of 1MM BCH, so that's certain.Jihan Wu seemed happy to hold his Bitcoin Cash bags and not dump them on the market, but if the new CEO feels differently as ETFbitcoin suggests he might and decides to starting selling the bags, it could accelerate BCH's long, drawn out death.
Jihan is still a director, so I don't believe he'd ever allow that, and it's bad for Bitmain anyway. Rumour has had it for months that Jihan is going to transfer some of his Bitmain responsibilities to others so he can invest his time and his personal billions into Bitcoin Cash - so there is a chance that he'll buy off Bitmain's bags at around $100 per piece. 
I am a bit out of the loop on Bitmain, but am I right in saying they are both A) still in deep financial trouble and had to lay off many of their staff recently, and B) still holding a significant amount of BCH?
Jihan Wu seemed happy to hold his Bitcoin Cash bags and not dump them on the market, but if the new CEO feels differently as ETFbitcoin suggests he might and decides to starting selling the bags, it could accelerate BCH's long, drawn out death.
Jihan Wu seemed happy to hold his Bitcoin Cash bags and not dump them on the market, but if the new CEO feels differently as ETFbitcoin suggests he might and decides to starting selling the bags, it could accelerate BCH's long, drawn out death.
It’d be good if they started converting all their BCH into Bitcoin, it’d give us a significant pump just like what happened when most of us were doing the same when we received our free forked coins
The greed of Jihan caused the price of bitcoin to tank even further. Also his company was almost destroyed and many people lost their jobs. This should not go unpunished - he had to go
They have already assigned a new ceo Mr. haichao wang. But juhan wu is still appointed as a director of the company along with micree zhan the other co founder of bitmain.
So it looks like it was a push of the others who hold stocks in the company which made juhan leave as ceo.
There was some stink following Jihan after that BCH move that costed the company a lot of dough. It was a smart move to appoint a new face but it's all this new CEO is gonna be. The real founders of the company will keep managing from backstage. I don't think any coin will get dumped after this. So it looks like it was a push of the others who hold stocks in the company which made juhan leave as ceo.
They have already assigned a new ceo Mr. haichao wang. But juhan wu is still appointed as a director of the company along with micree zhan the other co founder of bitmain.
So it looks like it was a push of the others who hold stocks in the company which made juhan leave as ceo.
So it looks like it was a push of the others who hold stocks in the company which made juhan leave as ceo.
But what does it mean for crypto?
means that we will not see direct interventions of Jihan Wu
Will Bitcoin Cash get dumped into oblivion?
this is very difficult to evaluate, but you can look at their thread:
[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees
Will Bitmain jump to defend BTC against Craig Wright like it did for BCH?
It's hard to say that.
Do you expect a change in their corporate strategy?
yes
Without IPO, Bitmain will probably need money using financial loans or a new series of investment. Because it appears they need money. And the people that will loan or make new investment will probably look for those bch and ask why they do no sell this bags. So they will sell or stop buying and accumulating. The price would go down and they will have to desperately sell.
I do not think bch is a shitcoin. But their market price was obtein using shade trade strategies and for that reason the risky of collapse is real.
I do not think bch is a shitcoin. But their market price was obtein using shade trade strategies and for that reason the risky of collapse is real.
I am a bit out of the loop on Bitmain, but am I right in saying they are both A) still in deep financial trouble and had to lay off many of their staff recently, and B) still holding a significant amount of BCH?
Jihan Wu seemed happy to hold his Bitcoin Cash bags and not dump them on the market, but if the new CEO feels differently as ETFbitcoin suggests he might and decides to starting selling the bags, it could accelerate BCH's long, drawn out death.
Jihan Wu seemed happy to hold his Bitcoin Cash bags and not dump them on the market, but if the new CEO feels differently as ETFbitcoin suggests he might and decides to starting selling the bags, it could accelerate BCH's long, drawn out death.
There has been a new CEO appointment, just as the IPO application officially expired.
https://chainbulletin.com/bitmain-announces-new-ceo-shares-updated-ipo-plans/
What do you guys think will happen next? Bitmain is still a monopoly, they're going to recover and sell a ton of equipment in 2019. But what does it mean for crypto?
Will Bitcoin Cash get dumped into oblivion? Will Bitmain jump to defend BTC against Craig Wright like it did for BCH? Do you expect a change in their corporate strategy?
https://chainbulletin.com/bitmain-announces-new-ceo-shares-updated-ipo-plans/
What do you guys think will happen next? Bitmain is still a monopoly, they're going to recover and sell a ton of equipment in 2019. But what does it mean for crypto?
Will Bitcoin Cash get dumped into oblivion? Will Bitmain jump to defend BTC against Craig Wright like it did for BCH? Do you expect a change in their corporate strategy?
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