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Author Topic: Bitmain is looking for bulk Bitcoin buyers  (Read 4043 times)
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ranlo
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May 20, 2014, 05:31:04 PM
 #21

I'm curious as to why you (as an ASIC provider) need people to buy such a high load. Are you expanding into other territories?

I say because all their products are bought in bitcoin, and they need to convert all that to fiat without dumping a ton on an exchange and affecting the price.

I actually wasn't thinking about that, and if this is their reason that's a huge +1 for them. I have a lot of respect for people that want to make their move without decimating the Bitcoin system in the process.

I agree. Dumping 1000+ BTC on an exchange with a lower price would make it tumble.

For whatever reason (greed?) most people don't think about that though and figure they should pull out asap instead. They lose money and we lose money as a result, so they screw everyone.
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philipma1957
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July 26, 2014, 11:24:48 PM
 #22

yup looking to buy few btc but 1000 is a bit low for me

i wanna buy 10,000 minimum.

 i like whole pizzas  not the ones that come in tenths Grin


 they can sell you 10,000 here is one of their btc addresses:



https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ


it has more then 11,000 coins

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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July 26, 2014, 11:37:23 PM
 #23

yup looking to buy few btc but 1000 is a bit low for me

i wanna buy 10,000 minimum.

 i like whole pizzas  not the ones that come in tenths Grin


 they can sell you 10,000 here is one of their btc addresses:



https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ


it has more then 11,000 coins

11,446.59 BTC as I write * $596 = 6,822,169.55 USD ...not bad at all... Grin

BitMain is not short of money ...that's for sure... Wink

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July 26, 2014, 11:46:57 PM
 #24

A bit funny that bitcoin number 1 provider for asics exchanging coins for fiat. Like there is not enough trust. Maybe they should start paying wages in bitcoin etc. this would make super start for bitcoin.

If you gathering coins and then trying get rid of it for fiat seems you have no trust to it.

Why they would need fiat when you can buy almost anything for BTC?

Bitmain maybe you know something we dont?
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July 27, 2014, 08:17:34 AM
 #25

A bit funny that bitcoin number 1 provider for asics exchanging coins for fiat. Like there is not enough trust. Maybe they should start paying wages in bitcoin etc. this would make super start for bitcoin.

If you gathering coins and then trying get rid of it for fiat seems you have no trust to it.

Why they would need fiat when you can buy almost anything for BTC?

Bitmain maybe you know something we dont?

What you are saying is ridiculous. Do you expect them to pay for electricity, raw materials, worker wages, food, water, tools, in BTC?
I don't.
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July 27, 2014, 11:44:05 AM
 #26

A bit funny that bitcoin number 1 provider for asics exchanging coins for fiat. Like there is not enough trust. Maybe they should start paying wages in bitcoin etc. this would make super start for bitcoin.

If you gathering coins and then trying get rid of it for fiat seems you have no trust to it.

Why they would need fiat when you can buy almost anything for BTC?

Bitmain maybe you know something we dont?

What you are saying is ridiculous. Do you expect them to pay for electricity, raw materials, worker wages, food, water, tools, in BTC?
I don't.

Not really. People screaming how bitcoin can be something which is break through if merchants which uses that exchange that ASAP to fiat.
Same is doing BITMAIN. ofcourse i do think paying with bitcoin for everything would be ridiculous and impossible.

But just imagine if they would start pay let say in BTC wages to workforce.
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July 27, 2014, 11:52:57 AM
 #27

A bit funny that bitcoin number 1 provider for asics exchanging coins for fiat. Like there is not enough trust. Maybe they should start paying wages in bitcoin etc. this would make super start for bitcoin.

If you gathering coins and then trying get rid of it for fiat seems you have no trust to it.

Why they would need fiat when you can buy almost anything for BTC?

Bitmain maybe you know something we dont?

What you are saying is ridiculous. Do you expect them to pay for electricity, raw materials, worker wages, food, water, tools, in BTC?
I don't.

Not really. People screaming how bitcoin can be something which is break through if merchants which uses that exchange that ASAP to fiat.
Same is doing BITMAIN. ofcourse i do think paying with bitcoin for everything would be ridiculous and impossible.

But just imagine if they would start pay let say in BTC wages to workforce.


Yes, but Bitmain is most likely just a designer of chips. Bitcoin isn't really accepted in China, and banks are a bit against it, and to pay the few designers would mean nothing, since they would be cashed out immediately.
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June 13, 2017, 09:08:15 PM
 #28

I have a hedge fund looking to buy USD 500k up to 10 million dollars
worth of Bitcoin. 

The hedge fund is looking to buy at a 10% discount to the market price.

PM if interested.

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