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Hive Blockchain Technologies Limited

Captainsatnav

Setting up this thread as people requested it in Share Picks 2018. Earnings announced Wednesday, price dropped.

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drunkmonkey

greenfield21 wrote: »

Looks like its only going one way. Will buy when hits $1.

If you want a short tomorrow consider Hut8
Day Change
+7,900.00%

Us Hive Hdlers were worried about $1.50 shares, Hut8 buyers today have to worry about 5cent shares tomorrow. Happy shorting.

OwlsZat

grindle wrote: »

I'm interested to see how all of this plays out with a company like Hive hoarding ETH as they do. They'll have to make all the same economic calls that all the little guys will when the percentage gains are low, but they'll probably have mountains more patience on their side.

Thanks for the hugely interesting reply. Fairly new to the party. I'd be with greenfield. The 150M they raised is reported to be in return for penny stocks. There surely will be huge selling pressure until all these shares have been exchanged.

dickface

Still buying the dip on this one guys?

TheSheriff

I picked up some more the day before yesterday.

Don't see alot of faults with the company being honest. As long as crypto is doing ok so should these guys.

drunkmonkey

Won't be buying any more dips, holding now. I've seen what this can do with a bit of momentum. 4 weeks is a long time in crypto land.

q85dw7osi4lebg

Tough few days.

drunkmonkey

Stephen Wooden Boot wrote: »

Tough few days.

Now I know what it feels like to own a bitcoin:)

It'll pass i'm not overly worried. Would like a few green days though.

q85dw7osi4lebg

Just gotta hang in there. Anti HIVE club in here must have made a killing shorting it in the past few days.

drunkmonkey

Could probably short it again tomorrow, the bitcoin is taking a hammering.

greenfield21

intersting open. might have found support

q85dw7osi4lebg

That was some order

drunkmonkey

Marco and Frank must have sold their socks off in San Diego the other day.

At least we have volume regardless of what way it finishes today. It’s not retail buyers with some of those orders.

q85dw7osi4lebg

Volume over 3m already. Much better

drunkmonkey

Power hour yet to come finish over 5 million would be positive signal.

drunkmonkey

Simply Wall St bullish https://finance.yahoo.com/news/1-52-hive-blockchain-technologies-225909045.html?.tsrc=rss

q85dw7osi4lebg

Over invested in HIVE. Sold out half at 1.60 (good loss) and bought Berkshire Hathaway 3 days ago. Made 5% on that, sold half, now back into HIVE at $1.40. Softens the blow.

drunkmonkey

This is my long play bet on crypto for the year. Have my target amount of shares.

Won’t be investing in any more crypto/blockchain this year just going to leave this sit and see where it ends up Q2 results in November as it’ll reflect 1mt of full capacity on the current business plan.

I do expect it to start going up steadily shortly though, news announcement any week now about the next mine coming online.

q85dw7osi4lebg

Similar boat, but watched my whole portfolio drop 10% the other day primarily due to HIVE so had to have a rethink. Will hodl now as they say, hoping for more media coverage and general recognition of the company soon.

q85dw7osi4lebg

Suspiciously low volume today for whatever reason.

drunkmonkey

Stephen Wooden Boot wrote: »

Suspiciously low volume today for whatever reason.

Im not sure is this the bottom? If it’s turned out we’ve just seen a lure and squeeze play out I’d love if that was the explanation.

There was news that genesis were hit with a cease and decist in South Carolina but that was a few days ago doubt it has anything to do with it.

New news here, still looking good https://www.google.ie/amp/s/seekingalpha.com/amp/article/4156018-hive-blockchain-undervalued-pure-play-crypto-mining-stock

retalivity

im in again today at 1.40cad, nice ~6% bounce by EOD already on that.
Still down from an earlier buy-in, but happy to sit on for a few months.

drunkmonkey

Good bit in that seeking alpha article but this is the bit that caught my eye...

Network Value To Transactions Ratio

This is similar to the price to earnings ratio for stocks and measures an underlying cryptocurrencies value compared to the number of transactions being verified through the blockchain. For instance, Bitcoin currently has a market cap of roughly $160 billion and about $8 billion worth of Bitcoin transactions have been verified on the blockchain so Bitcoin's network value to transactions ratio is about 20, which is often a standard valuation ratio for stocks. The median NVT ratio for Bitcoin, Litecoin, Ethereum, Dash, and ZCash (all coins that HIVE mines) is about 34. If we apply that to HIVE's projected earnings of $56 million, we get an implied equity valuation of $1.9 billion or about $6.34 per share (466% upside). Obviously, this represents a substantial upside but makes sense, given the inherent risks and growth upside for the cryptocurrency market.

garrettod

gamblor101 wrote: »

....HBF is the euro version

Hi,

Just wondering, are most here investing in the CAD$ version and if so, why ?

...is it down to there being less liquidity in the Euro version, for example ?

Thanks.

q85dw7osi4lebg

garrettod wrote: »

Hi,

Just wondering, are most here investing in the CAD$ version and if so, why ?

...is it down to there being less liquidity in the Euro version, for example ?

Thanks.

If I'm not mistaken it's cheaper to trade on the TSX.

garrettod

garrettod wrote: »

Hi,

Just wondering, are most here investing in the CAD$ version and if so, why ?

...is it down to there being less liquidity in the Euro version, for example ?

Thanks.

Stephen Wooden Boot wrote: »

If I'm not mistaken it's cheaper to trade on the TSX.

Okay, thanks, I had not thought about that.

Obviously, some may take a view on buying shares in a foreign currency, but in reality we all need to keep in mind the currency / currencies that the company generates it's revenues in too !

q85dw7osi4lebg

https://www.hiveblockchain.com/news/hive-blockchain-announces-listing-of-warrants/

drunkmonkey

Stephen Wooden Boot wrote: »

https://www.hiveblockchain.com/news/hive-blockchain-announces-listing-of-warrants/

Yea got that email, if there only 1 cent might pick up a few. Could tap out on a high this year and buy back next year if it’s above $3.90

OwlsZat

https://seekingalpha.com/article/4156379

drunkmonkey

OwlsZat wrote: »

https://seekingalpha.com/article/4156379

He was right but he's reasoning for shorting it is way off. He doesn't understand it. The other article from the same site yesterday was a lot more comprehensive and they were going long.

From the shorter article:

Moreover, there are now thousands of cryptocurrencies available, and some of them have unlimited supply. Thus, supply of both cryptocurrencies and cryptominers is increasing, while cryptocurrency mining costs and complexity are mounting. Not a pretty picture for a company going through hundreds of millions of dollars of cash, has a net loss of -$20.5M, has only generated $171k in revenues thus far, and has not provided any revenue guidance

He doesn't understand why the 20M loss, no mention that the 171k was only 12 days trading and completely lied on other parts, that's what shorters do, FUD, FUD, FUD.

drunkmonkey

bad opening but it's recovered on volume, seems to be active today.