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/biz/ - Business & Finance

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BITMAIN FILING FOR BANKRUPTCY Anonymous Sat Dec 8 15:50:17 2018 No.12056815 [Reply] [Original]

you heard it here first

>>	Anonymous Sat Dec 8 15:52:49 2018 No.12056848 >>12056815 Bs kys

>>	Anonymous Sat Dec 8 15:53:06 2018 No.12056855 >>12056815 What's a bitmain mane?

>>	Anonymous Sat Dec 8 15:55:47 2018 No.12056873 >>12056855 they are the main bit

>>	Anonymous Sat Dec 8 15:56:36 2018 No.12056879 >>12056815 sauce?

Anonymous Sat Dec 8 15:57:18 2018 No.12056885
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This is it. If they file for bankruptcy all of their BTC holdings will be liquidated to cover their debts. Literally millions of BTC are about to be market sold. This is the cryptocalypse.

>>	Anonymous Sat Dec 8 15:58:27 2018 No.12056899 >>12056815 please be true

>>	Anonymous Sat Dec 8 15:59:48 2018 No.12056908 >>12056885 So you mean I can have a do-over and buy BTC at $0.10?

Anonymous Sat Dec 8 16:00:43 2018 No.12056917

>>12056885
You know, except you are misusing the word literally and that this is BS because a company with literally 3 billion in commodities, operating costs of a few million, and fixed equipment costs already covered would be able to secure all of the financing they require.

>>	Anonymous Sat Dec 8 16:03:37 2018 No.12056947 >>12056885 The whole point of declaring bankruptcy is to avoid paying anything, retard

>>	Anonymous Sat Dec 8 16:07:52 2018 No.12056987 File: 391 KB, 1200x813, intel_ireland_semiconductor_chip_fab_1.jpg [View same] [iqdb] [saucenao] [google] >>12056815 Do they actually own their own in house chip fab? If so could some one buy the steppers in the bankruptcy sale?

>>	Anonymous Sat Dec 8 16:09:38 2018 No.12057008 >>12056885 They already unloaded all their BTC or traded it for BCH. Nothing to liquidate.

>>	Anonymous Sat Dec 8 16:16:56 2018 No.12057084 >>12056987 no they buy from tsmc

>>	Anonymous Sat Dec 8 16:21:31 2018 No.12057126 >>12057084 Lame. How do they even have such a monopoly on ASICs? If all they really have at the end of the day are ASIC designs why doesn't someone just build one that's different enough to be legal or just illegally reverse engineer their stuff?

Anonymous Sat Dec 8 16:22:10 2018 No.12057134

>>12057008
So what you're implying then is that if they need liquidity, their only play is to dump bchabc or whatever the fuck its called? And it seems that it is likely that they will need it, so I would be very nervous if I was a bab boi.

> kinda makes me STIFF

>>	Anonymous Sat Dec 8 16:28:20 2018 No.12057199 >>12057134 Their BCH was from before the fork, best believe they have a couple million BSV to dump

>>	Anonymous Sat Dec 8 16:36:28 2018 No.12057287 >>12056947 >The whole point of declaring bankruptcy is to avoid paying anything, retard that's not how a bankruptcy works fren

Anonymous Sat Dec 8 16:40:08 2018 No.12057319

>>12057126

They've done that, but everytime it happens, buttmain hires goons to fuck over whoever's challenging their monopoly.

Since most challengers aren't chinese, the chinese themselves help in fucking them over. If it's a chinaman, buttmain buys them out.

What did you guys honestly think buttcoin would lead to? Did you think this wouldn't happen?

>>	Anonymous Sat Dec 8 16:40:58 2018 No.12057330 >>12057126 they were first mover at their scale but now they lost their chip designer to a competitor. they have failed new designs and a bag full of bcash to show for it.

>>	Anonymous Sat Dec 8 16:42:50 2018 No.12057354 File: 32 KB, 620x388, eight_col_calvin2_(2).jpg [View same] [iqdb] [saucenao] [google] pic related now controls the worlds largest publically traded mining company. he has billions of dollars of his own, he doesnt need a desperate IPO to be bailed out

>>	Anonymous Sat Dec 8 16:47:06 2018 No.12057399 >>12057354 Seriously why is Calvin so based? Also is 10 SV enough to make it?

>>	Anonymous Sat Dec 8 17:09:59 2018 No.12057603 File: 136 KB, 1200x818, photo_2018-12-07_07-57-39.jpg [View same] [iqdb] [saucenao] [google] kys

>>	Anonymous Sat Dec 8 17:11:21 2018 No.12057616 File: 1.24 MB, 902x933, satoshi-and-friends.png [View same] [iqdb] [saucenao] [google] >>12057399 checked. calvin is literally the savior of bitcoin at this point. Name a better trio in crypto. I'll wait (protip: you can't)

>>	Anonymous Sat Dec 8 17:13:14 2018 No.12057627 >>12056908 Yes but this time it won’t moon to 20k

>>	Anonymous Sat Dec 8 17:18:45 2018 No.12057675 File: 20 KB, 598x554, 1543883028353.jpg [View same] [iqdb] [saucenao] [google] >>12057603 cringe

>>	Anonymous Sat Dec 8 17:20:33 2018 No.12057703 >>12057399 You should try to acsquire some more SV

Anonymous Sat Dec 8 17:25:57 2018 No.12057751
File: 880 KB, 2740x1516, Screen Shot 2018-12-08 at 5.13.04 PM.png [View same] [iqdb] [saucenao] [google]

>>12057616
Man I seriously love these fucking guys. Imagine getting to party with them for a weekend, would literally be based.

>>12057703
I'm doing my best but times are a little unstiff right now. How much to make it? I have pic related (at the bottom of the screen if you follow the shit in the one box).

> Oh and *ahem*... Fuck jannies

>>	Anonymous Sat Dec 8 17:41:44 2018 No.12057907 >>12056885 Good, that means better overall distribution of Bitcoin which is healthy in the long run. One less giant whale out there manipulating

>>	Anonymous Sat Dec 8 17:45:16 2018 No.12057939 >>12056908 Yes but buy SV at that price

Anonymous Sat Dec 8 17:47:56 2018 No.12057959

>>12057751
If you have 10
You will make it, but you just wont be able to touch them until you do. You gotta be rock solid with them.
I'd say to try and hit the 21 club if you can
But lifes not all about money
And BSV isnt the only investment chance you'll have in the next 5-10 years either
SO just do what you can and enjoy the ride

>>12057907
The only place Bitcoin needs to be is locked up in IRON HANDS
I won't tell people to HODL like a scammer does
but I'm just saying
the amjority of traders are cancer

Anonymous Sat Dec 8 17:48:21 2018 No.12057962
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>>12056885
You mean they're going to rekt BCH bagholders even harder, right?

You realize they traded all their BTC for BCH, right? That's why they tried to do an IPO in the first place, to dump their underwater BCH assets on the general public.

I wonder how much BSV they also hold from the fork?

Bullish, BTC will be baptized in the blood of BCH shills.

>>	BSV will win Sat Dec 8 18:57:40 2018 No.12058725 File: 1.54 MB, 2239x1510, South Sea Bubble of 1720.jpg [View same] [iqdb] [saucenao] [google] >>12056885 is Bitmain the fatal flaw craig wright was talking about?!

BSV will win Sat Dec 8 19:00:11 2018 No.12058757
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>>12057330
>and a bag full of bcash to show for it
and a bag of BSV, i don't think they have had time to dump even 10% of their BSV even if they wanted to

jihan would never do that because he isn't actually loyal to any crypto, the little shit

>>	Anonymous Sat Dec 8 19:21:53 2018 No.12058984 >>12056815 >Literally the largest manufacturer of ASICs >Own over a million bch and bsv Wanna know how I know you're a nigger?

>>	Anonymous Sat Dec 8 19:33:09 2018 No.12059086 >>12058984 >>Own over a million bch and bsv will be worth $0 soon anon

>>	BSV will win Sat Dec 8 20:05:57 2018 No.12059356 File: 2.35 MB, 5139x1000, dota 2 - girls.jpg [View same] [iqdb] [saucenao] [google] >>12058984 >Literally the largest manufacturer of ASICs that can change in a matter of months

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