Post
Topic
Board Mining (Altcoins)
Re: Bitmain rumor says 740 Mil - Q3 Loss
by
DrG
on 11/12/2018, 08:01:20 UTC
Jihan had plenty of BTC and BTC forks in his wallets, but I'm sure they're running low on fiat to pay for their massive operations and upcoming legal issues. I expect they will liquidate some of their holdings to have some working capital.

And in true Bitmain fashion, I fully expect them to place some shorts, dump on the market at some off time and cause a panic sell off, and rebuy on the sell-off after having closed out their shorts.

Remember kids, even when Bitmain is losing they're winning. For those of you who don't understand - they're going to manipulate the prices some more (and not out of greed like they usually do but out of necessity this time lol).