Bitmain IPO investor Deck shows huge investment in Bitcoin Cash & large disinvestment from Bitcoin.
See Bitmain IPO investor Deck
https://twitter.com/real_vijay/status/1028881826331340800
Samson Mow (@Excellion) tweeted at 4:42 PM on Sat, Aug 11, 2018:
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they’ve bled half a billion in the last 3 months. If Bitcoin Core devs didn’t disclose the Bcash vulnerability, it could’ve wiped a billion dollars off their balance sheets. https://t.co/9BMywdvvby
(https://twitter.com/Excellion/status/1028426579158884352?s=03)
-bad investment
-also bad strategy
-not known on street and not yet on balance sheet
Maybe they are good at making chips. If so, buy at lower prices in a quarter or two.
I also sold Opera Browser OPRA
Related Post:
- RIPPLE IPO = XRP DEAD – I'm Dumping All My XRP – Bitcoin Will Die With Bitmain IPO
- Bitmain IPO PUMPS Bitcoin Cash, Bitcoin Price Range Update, and Analysis from CryptoCred
- Bitmain IPO, Bitcoin Cash, Bcash, Bitcoin, Ethereum, Monero, Proof of work, Richard Heart
- Bitmain IPO and Their Bitcoin Cash Holdings – What’s Your View?
- Bitcoin Cash Vola e fa il 20%.Motivo? Bitmain e la IPO (e la sua Revenue di $700 Milioni in 6 Mesi)
- #190 – Bitmain IPO, Bitcoin Cash đã tăng / Coinbase thêm Crypto mới nhanh hơn / Circle USD Coin
- Bitmain Files IPO, Bitcoin Cash Jumps 25%
- Bitmain Drops Filing for IPO! – That Bitcoin Cash Pump Though!
- Apple bringt Kreditkarte…mit Krypto? Bitmain IPO abgeblasen? Bitcoin Cash Krise?
- The Bitcoin Group #185 – Bitmain IPO – Bitcoin ETF – Hardcore Miners – International Bitcoin