Post
Topic
Board Bitcoin Discussion
Re: Does Bitmain have a pump and dump team?
by
h0lybyte
on 03/09/2018, 04:01:23 UTC
Being a multi-billion dollar company that's proven to be pretty cunning, does anyone know if they have a crypto trading desk/s?  With the amount of mining power they possess, it wouldn't be that difficult to prioritize one coin over the other, and dump money to trigger cascades of protections.
As bitmain was the first company of ASIC miner sellers, they might be among one of the pump and dump groups.
Not only bitmain but other major companies holding huge amount of bitcoins are doing pumps and dumps occassionally.
I believe if all these bigger amount of coin holders will start pumping simultaneously, we could see the price surging abover $50k