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Bitcoin Discussion
Re: Bitmain on brink of bankruptcy
by
muslol67
on
27/12/2018, 07:35:20 UTC
Quote from: filharvey on September 15, 2018, 12:36:05 PM
Just few hours the news cane that Bitmain is on brink of bankruptcy.
Main reasons were huge inventory losses and investment on Bcash went wrong.
They tried to save Bcash and now paying price for it.
https://www.reddit.com/r/Bitcoin/comments/9fwopd/bitmain_on_brink_of_bankruptcy/
I read an article about this yesterday. Bitmain said he had 1 million BCH and LTC. They gave their opinion that they could sell these coins because of a shortage of cash. This can be dangerous even for the whole market.