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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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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You are hedging your original tweet now. Facts have a way of doing that to smartasses.
End of conversation
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Yep, a negative balance sheet is pretty cool. If you hold BTC and not BCH. Just learn the tiniest bit about economics and business before you run your mouth off. And maybe stop following the scammers and shills.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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