Bitmain IPO 2018 is bad news

Bitmain's exit strategy

they know whassup. they always fucking know.

Crypto is kill for another couple of years

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They will probably pivot to become Cisco for the blockchain. Mining hardware was just step 1

I also think their IPO is a big fucking red fucking flag of fucks.

Dunno why everyone thinks it's bullish.

They're raising money in an IPO, so what's wrong with it. More funds means more time and resources can be allocated to the crypto game.

Since Bitmain actually sells real products and they've been in business for many years, unlike many scammy crypto companies, it doesn't look like they're going to exit scam. If they do manage to raise a lot money, it means that people still have faith in crypto. I doubt Jihan and his cohorts are stupid enough to pull an exit scam since so many people know about him his company. He's going get killed by gangsters if he tries such a move.

>china hustling
I wouldnt be surprised if this is the final nail in the coffin for bitcoin.

crypto isn’t kill, PoW is kill

PoW had one job, to evenly distribute crypto-wealth to those who believed, and to bootstrap the evolution of PoS. it’s job is done.

those chinks are just preparing for the day they get kicked out of mining by the community. best for them to exit now and let their investors hold their bag for them.

chinks in crypto are a disease

Bitcoin is the final nail in the coffin for Bitmain.

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Why would they need an IPO they made more money than Nvidia last year

proof of work will continue for a while longer, but only btc is secure under proof of work, forks, clones, copycats will forever be vulnerable while btc keeps growing hashrate, even in bear markets

It's decentralized, nigger. You can't kick shit out

nice reverse psychology OP. it is literally the opposite of what you said.

>Why would they need an IPO they made more money than Nvidia last year
It's a scam, Jihan has masses of BTC and BCH with no way to sell them without crashing the market. By selling them with bitmain he effectively can trick stock market traders into taking his crypto bags. He will list the crypto as billions in assets on the bitmain balance sheet.

Secondly he probably knows he burned too many bridges in the crypto world with S2X, bcash and secret monero ASICs. I assume this is plan B for if bcash failed to flip BTC.

how can i buy the ipo

google search just gives meme articles

rofl

pos = piece of shit, doesn't work

you bought scam coins

At this point PoS is better than bitmain ruining crypto. An effective PoW algo would be good though.

it will be nicehash all over again

If they aren't exit scamming, isn't this the biggest thing for crypto?

If WSJ, Twitter, etc start posting clickbait titles that a company that basically mines Bitcoin has the biggest IPO in history, that will draw massive amounts of attention to crypto, no?

>If they aren't exit scamming, isn't this the biggest thing for crypto?
Hes definitely exit scamming, all his profits come from mining and hoarding BTC not selling mining hardware. Now for the IPO he claims bitmain does very little mining and just sells ASICs. The entire thing is bullshit, I bet hes using some 12 month price average to value bitmains crypto bags at 3x or more their real value. Hopefully BTC crashes back to 3k before the IPO is done.

Lol dude bitmain is invested in 100 of crypto projects stupid retard. They even bought opera

They can't just coast on shitcoin gains for ever any sort of sustained bear market and they will be worth a fraction of the IPO.