Post
Topic
Board Bitcoin Discussion
Re: Will Bitmain Defend BTC at 5800 - 6000 USD?
by
peter0425
on 14/08/2018, 18:43:35 UTC
I say : Yes. They have a lot at stake and have the cash to do it!
BTC is the Future!
Did you mean that Bitmain should pump the coins when it reaches at $5800-$6000 levels in order for them to as least break even?

I'm not sure about that, although they have a lot of money to begin with, it doesn't makes sense for them. If there's a coin that they are going to pump, I'm sure that it should be their beloved Bitcoin Cash. They don't have a lot of stakes, even if bitcoin goes below $6K, they can still profit by just selling bitcoin mining gear.