Alternative bet regarding Bitmain irrespective of the future of $BCH:
Calling Bitmain broke and flailing for a second chance at life will soon enough incur similar reputational hits as those who called for $ETH flippening. https://twitter.com/TenaciousBTC/status/1028988619393052672 …
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Following the “cool kids thesis” only works when the cool kids are actually leading the edge of attention control and innovation.https://twitter.com/mwilcox/status/1029149557425233920?s=21 …
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Don’t take my tweets as support for their BCH position. That is an undeniably bad move
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Not supporting any particular move Bitmain made as ideal, especially dumping BTC for BCH. Rather contesting the notion that Bitmain is somehow proven illiquid as a result of their publicized balance sheets and desire to IPO.
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They can’t dump those coins. They’re stuck with them
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Undoubtedly agree in any short-mid term analysis barring a mass community shifting. Them holding a heavy bag doesn’t incline to suddenly believe they are a soft Corp running thin margins and struggling to stay afloat.
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You do realize the IPO was to raise cash, right?
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Obviously. That doesn’t correlate to them being underwater and on the bridge of failing.
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A capitalistic venture expanding its monetary horizons, even in spite of seemingly bad position, doesn’t negate thesis of capital growth and accumulation. I’m not a fan of BCH, nor will I be participating in the Bitmain IPO. Doesn’t mean I’m wrong arguing Bitmain IPO =/= death
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