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Title: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: pemish on August 14, 2018, 09:47:47 AM Hi all,
Apologies if there is already a thread on this - couldn't find one. Could be v. interesting for BCH when they go public and release all that sweet cash! Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/ Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Awesomus Maximus on August 14, 2018, 01:29:35 PM You are correct. it will be interesting to see that if and when they decide to do so. A lot of BCH coins are concentrated in the hands of several big whales. They can't dump their coins at once because the price will plummet. They can't sell over time, because their addresses are public knowledge and they are monitored by other BCH traders who know what they are doing. I think that the future BCH price movement critically depends on the behavior of these big holders.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: levyashin on August 14, 2018, 01:38:51 PM They will probably trigger a pump and dump people afterward.
I always chose to ignore any bitcoin forks. Even bitcoin cash. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: pemish on August 15, 2018, 10:22:00 AM You are correct. it will be interesting to see that if and when they decide to do so. A lot of BCH coins are concentrated in the hands of several big whales. They can't dump their coins at once because the price will plummet. They can't sell over time, because their addresses are public knowledge and they are monitored by other BCH traders who know what they are doing. I think that the future BCH price movement critically depends on the behavior of these big holders. You're right. Any idea who some of the other whales are? I've been doing a bit of research around it but only found Bitmain so far. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: the13thsymphony on August 15, 2018, 10:29:15 AM So now all eyes are into Bitmain for hodling nearly $600 million BCH and right now they cant decide on how they would play what they are hodling because its already known in the public and they cant do as they please to manipulate BCH's prices which is too bad for them and good for us because once they do something on what they are hodling then we know what we need to do whether they want to pump its price or dump it.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Awesomus Maximus on August 15, 2018, 11:05:27 AM You are correct. it will be interesting to see that if and when they decide to do so. A lot of BCH coins are concentrated in the hands of several big whales. They can't dump their coins at once because the price will plummet. They can't sell over time, because their addresses are public knowledge and they are monitored by other BCH traders who know what they are doing. I think that the future BCH price movement critically depends on the behavior of these big holders. You're right. Any idea who some of the other whales are? I've been doing a bit of research around it but only found Bitmain so far. Here you go, a medium post from Mar. 1, maybe something has changed in the meantime Quote Bitmain’s BCH Sales Wallet (https://bitinfocharts.com/bitcoin%20cash/address/19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k)— This wallet currently controls 2.6% of all BCH (includes non-circulating coins) with almost 441k BCH and, more importantly, have never spent a single coin. We’ll address this wallet more in detail below, but this should confirm / show that Bitmain is a revenue generating machine if they can just sit on such a huge cache of unspent coins. To put this amount in perspective, this wallet has 3x the amount of BCH of Bitfinex’ BCH cold wallet. Read the entire medium post. You will not be disappointed. “Unknown BCH Mining Wallet #1 (https://blockchair.com/bitcoin-cash/address/1BgatB78WrFLdCgnPnBqiDcNFFA46jkPZe)” — Almost definitely ViaBTC or Antpool, this wallet started mining on BCH’s first day (8/1/2017) and currently controls 0.28% of all BCH with 47,421 BCH. This wallet has also never spent a single coin. Unknown BCH Mining Wallet #2 (https://blockchair.com/bitcoin-cash/address/17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg) — Also, almost definitely ViaBTC or Antpool, this wallet controls the 8th most BCH with 0.52% or 88,855 BCH and also hasn’t spent a single coin. Unknown Wallet (https://blockchair.com/bitcoin-cash/address/qrhmqzxvasfdqcjgkvan3huky2gxw0u0xun0yqq9ut) — A newer BCH wallet that isn’t a miner wallet and appears to be some kind of sales wallet. This wallet currently controls 78.5k BCH and, yet again, hasn’t sold a single coin. It’s very possible this is Bitmain’s new wallet to replace #1. Quoted from: https://medium.com/@btcWolves/bch-heading-towards-the-abyss-f1b2b9ec41f1 Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Nalbo on August 15, 2018, 11:10:15 AM I don't think holding $600 million in Bitcoin cash be a big deal for large crypto company like bitmain.
Arguably they are the largest crypto centric company on the whole planet and they surely have a stock of many crypto assets largely bitcoins. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: passioncrypto on August 18, 2018, 11:59:18 AM Actually mainly newbie’s or who don't have enough idea based on this they invest here but experts never invest here for forked coin.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: steveabrahams on August 18, 2018, 12:03:58 PM I'm not surprised though bitmain holding that so many Bitcoin Cash, the problem is what will they do with that $600 million Bitcoin Cash. Imagine if Bitmain sell all their Bitcoin Cash, it will makes the bitcoin cash price fall for sure. It's scary though when a person/company own so many coins that can make the price changed if they sell the coins.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: BitcoinHodler on August 18, 2018, 12:15:43 PM Actually mainly newbie’s or who don't have enough idea based on this they invest here but experts never invest here for forked coin. LOL, Bitmain is the creator of Bitcoin Cash which is why they hold a lot of it. it is also because they own almost all of the hashing power of bitcoin cash and have been mining it from the first day. and in case you have forgotten in the early days they manipulated the difficulty in a way that they could find more than 1000 blocks per day (as a comparison bitcoin normally finds 144 blocks per day). so based on the fact that the article is old and BCH was worth higher and the fact that each block rewarded them 12.5 BCH they only needed to mine it for nearly 2 months to accumulate that much! as i said they have been mining BCH for a year now. in short this is not an investment, it just happened this way and they had no way of dumping it without killing BCH price. so they held most of it to dump slowly. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: waser12 on August 18, 2018, 12:18:06 PM If Bitmain decide to sell their deposit it will damage to all crypto community who hold this coin. The price of BCH will be dumped dramatically. I really don't see benefit of this bitcoin fork.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: airdropan on August 18, 2018, 12:31:36 PM that bad
gonna be like bomb , just waiting for the time until bitmain sell all their BCH then the price will dump Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Zadicar on August 18, 2018, 12:39:16 PM Actually mainly newbie’s or who don't have enough idea based on this they invest here but experts never invest here for forked coin. LOL, Bitmain is the creator of Bitcoin Cash which is why they hold a lot of it. it is also because they own almost all of the hashing power of bitcoin cash and have been mining it from the first day. and in case you have forgotten in the early days they manipulated the difficulty in a way that they could find more than 1000 blocks per day (as a comparison bitcoin normally finds 144 blocks per day). so based on the fact that the article is old and BCH was worth higher and the fact that each block rewarded them 12.5 BCH they only needed to mine it for nearly 2 months to accumulate that much! as i said they have been mining BCH for a year now. in short this is not an investment, it just happened this way and they had no way of dumping it without killing BCH price. so they held most of it to dump slowly. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Nisharawal on August 18, 2018, 01:40:38 PM Hi all, Apologies if there is already a thread on this - couldn't find one. Could be v. interesting for BCH when they go public and release all that sweet cash! Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/ Yes, of course, it will be very interesting for BCH if they go public and release all that sweet cash and but i don't think this is going to happen as i can analyse and see that there is still more room left for manipulating the BCH and they may sell out their holdings slowly if they really feel something BAD about the BCH otherwise i don't think they are planning to sell here. By the way, the article is really good and informative, thanks for sharing Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: jamesbondbd007 on August 18, 2018, 03:41:16 PM For this very reason, the majority, especially the experts in the market do not like to invest in forked coins.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: boyshx on August 18, 2018, 03:48:59 PM They will probably trigger a pump and dump people afterward. I always chose to ignore any bitcoin forks. Even bitcoin cash. We should never even try to invest in them because forked coins are enemy of the bitcoin and an enemy of bitcoin is my enemy too. Lolz. Well, BCH is big ass and I guess Bitman will surely dump this big shit at once when they feel to do so. This venture has been giant of miners since very ling time now and I guess it is going to be complicated whether they will support this coin or will dump it immediately after they are at that stage. I am feeling that many people gonna cry if the Bitman dumps it and there will be huge price drop and lots of people loosing their money over it. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Horraygram on August 18, 2018, 04:54:43 PM This will eventually lead to a pump and dumb scenario. For this very reason, the majority of the experts do not go for forked coins.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: CryptoBry714 on August 18, 2018, 07:25:58 PM Any forks of bitcoin seems worthless to me. No matter how huge amount people are holding a specific coin, it won’t last long enough. The ultimate winner will be bitcoin and its forks will die eventually. But the market highly depends on these big whales since they have the ability to manipulate the market every now and then.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: pimondcrypto on August 18, 2018, 10:08:29 PM you are right. it will intrigue see that if and when they choose to do as such. A ton of BCH coins is amassed in the hands of a few major whales. They can't dump their coins without a moment's delay in light of the fact that the cost will dive. I believe that the future BCH value development basically relies upon the conduct of these enormous holders.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: BumblingBee on August 19, 2018, 08:01:15 AM I don't think to hold $600 million in Bitcoin money be a major ordeal for an extensive crypto organization like bitmain. Apparently, they are the biggest crypto driven organization all in all planet and they definitely have a load of numerous crypto resources to a great extent bitcoins.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: MarshMagpie on August 19, 2018, 08:24:12 AM Everyone is now concern about the fact of Bitmain for hodling about $600 million BCH and right now they can't settle on how they would play what they are hodling on the grounds that its definitely known in general society and they can't do however they see fit control BCH's costs which is too terrible for them.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: justspare on August 19, 2018, 10:10:18 AM Hi all, Wasn't the owners of bitmain the dudes that started out all of this bitcoin cash thingy ?Apologies if there is already a thread on this - couldn't find one. Could be v. interesting for BCH when they go public and release all that sweet cash! Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/ I mean its only logical that they are gathering as much bitcoin cash as they can because they want to keep bitcoin cash alive, people are selling bitcoin cash as soon as they have it and kept selling it ever since the first day, bitmain probably just buys them so the price doesn't plummet to hell. If they do not buy it, noone else will and bitcoin cash will be like 1 satoshi after couple years. The only bad part is that, bitmain is probably selling their bitcoins just to get more bitcoin cash and keep it alive. The day will come when they will want to cash out their bitcoin cash and when that comes, the price of bitcoin cash will go down insanely. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: tokenjob on August 19, 2018, 06:36:52 PM Basically this is the reason why who have enough knowledge based on this market doesn’t invest in forked coin so we need to think before invest.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: ABMARK on August 19, 2018, 07:20:29 PM To be honest, I don't really trust the coins forked from Bitcoin. Recent leaked news states that, Bitmain is holding Bitcoin cash of worth 300 million dollars. Maybe this is the reason behind the pump and dump of price of Bitcoin cash.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: opeakande on August 20, 2018, 07:27:02 AM We're looking forward to that and anxiously to the release and to also feel the effect on the market.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: cattano on August 20, 2018, 07:57:55 AM I think that won't be a wise decision for Bitmain to dump all those coins they hold.
It won't just making the price falling, but it will also give a bad effect for Bitmain. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: nhatduy303 on August 20, 2018, 08:04:12 AM I do not agree with your opinion
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: RingWiki65 on August 20, 2018, 08:05:18 PM Although they have a good opportunity to dump the market, they will not do it. Because if they start selling Bitcoin, then the price will definitely decrease.Therefore, Bitcoin investors need to gain a huge idea about market systems, selling and holding time.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: flowers5 on August 21, 2018, 02:02:14 AM One player owning so much and taking advantage and monopolizing the mining market is disturbing. Hopefully some competition of some sort comes along and evens the field out.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: akishang on August 21, 2018, 02:36:46 AM The fate of BCH is in the hands of the big whales now. From what I know, they can't just sell their coin and they are closely monitored by other investors as well. They don't have a choice but to continue to improve their coin so that the demand goes higher. I am excited how this plays out although I don't invest on a coin that is heavily reliant on one individual or organization.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: AllStrong002 on August 21, 2018, 02:55:48 AM BTH will create their platform in crypto an it's beingg popular gradually in crypto world. Hope it will be improving more in future.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: MatthewNaccarato on August 21, 2018, 03:25:29 AM BCH will spread some sustainable coin which are well balanced and user friendly I hope and it's will be popular in future.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: BALIK on August 21, 2018, 03:30:05 AM I guess we will finally see Bitcoin Cash completely dump back to around Bitcoin Gold levels, back where it should be. However, I'm not sure that Bitmain is stupid enough to dump it all on the market at once, they're a big company and a very successful one at that. They understand the value of waiting patiently and selling when the market is right. I think they'll slowly release their holdings over a long period of time, or they'll just dump it when the market goes into another bull run, so I wouldn't expect the BCH market to crash any time soon. Also, I wouldn't bother participating in their IPO, right now mining is unprofitable, this is just a way for Bitmain to squeeze some money out of the public by riding on the prior success.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Nggedebus on August 21, 2018, 03:40:17 AM I guess we will finally see Bitcoin Cash completely dump back to around Bitcoin Gold levels, back where it should be. However, I'm not sure that Bitmain is stupid enough to dump it all on the market at once, they're a big company and a very successful one at that. They understand the value of waiting patiently and selling when the market is right. I think they'll slowly release their holdings over a long period of time, or they'll just dump it when the market goes into another bull run, so I wouldn't expect the BCH market to crash any time soon. Also, I wouldn't bother participating in their IPO, right now mining is unprofitable, this is just a way for Bitmain to squeeze some money out of the public by riding on the prior success. That is correct, dumping all the asset they had just to get a short periods of profit isn't really a goo decision to makes if compared to a stable profit for a long term.As the size of Bitmain, making those fool moves will be avoided as much as possible. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: StrongImagine301 on August 21, 2018, 03:55:13 AM It’s a good news that bitmain holding a huge amount in bitcoin cash .It is a good news for the customer and the investor. BCH will monitor it and release to the public.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Bara420 on August 21, 2018, 09:52:34 AM Large investors always have more profits, but that it does not mean that small investors can not control the market system. Considering that direction, I think we should always be careful about the investment.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: AceDeep69 on August 21, 2018, 10:07:54 PM The matter is really interesting but they will not be able to dump the Bitcoin. If they want to take any worse decision then it will transparent to ordinary investors.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: vivek-samdariya on August 21, 2018, 10:16:38 PM Perhaps bitmain and is the main manipulator of the market, and wants to make bch the biggest coin of the crypto currency market
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: ExhibitGap25 on August 21, 2018, 11:44:35 PM BTC fork is a messy thing, I assume. I prefer Coins rather than forks in time of investing in. Coins are more legitimate and have a good place in the crypto market.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: HarryBrace on August 25, 2018, 09:55:33 AM If BCH spread many reliable coin in crypto market that should be very good news for the investor.
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: webdevmastery on August 25, 2018, 10:09:41 AM Large investors always have more profits, but that it does not mean that small investors can not control the market system. Considering that direction, I think we should always be careful about the investment. Obviously they will be always be because the profit you will be earning is percentage of the investment you made and you should wait for the price to dump in order to hoard more coins. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: Hell-raiser on August 25, 2018, 10:21:13 AM Hi all, Apologies if there is already a thread on this - couldn't find one. Could be v. interesting for BCH when they go public and release all that sweet cash! Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/ Okay, I checked your source. What they are holding essentially amounts to: Quote Perhaps more significantly, that stake represents more than 5 percent of the 17.3 million BCH currently in circulation and 12.5 percent of the 8.4 million BCH that have been moved since the Aug. 2017 hard fork. Correct me if my calculations are wrong but 5 percent of 17.3M BCH equals 0.865M coins. This is a little smaller than Satoshi's stash of 1M bitcoins. It doesn't look like the latter are going to be released into public soon, so what makes you think that Bitmain is going to dump their coins at all? After all, let's not forget that Satoshi also has 1M BCH (if I'm not mistaken), so they can use their stash as a leverage or counterweight against his BCH holdings in case he decides to do something with his BCH coins. Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: UnDerDoG81 on August 25, 2018, 07:22:51 PM It is fairly easy to understand, since Bitcoin and themselves are the ones who proposed Bitcoin Cash separation from Bitcoin, and Bitmain is also one of the largest digging pools, they believing that Bitcoin Cash will replace Bitcoin, so they hold a lot of Bitcoin Cash :)
Title: Re: Bitmain is Hodling Nearly $600 Million in Bitcoin Cash Post by: sufiasyl on August 29, 2018, 01:43:59 AM yes, you hear it very right, as per the days are passing more and more people are getting attracted toward bitcoin investments and we are hoping that this amount will increase more so we should have the patience to develop the market properly.
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