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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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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.

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

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

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

drunkmonkey

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

q85dw7osi4lebg

Volume over 3m already. Much better

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

That was some order

greenfield21

intersting open. might have found support

drunkmonkey

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

q85dw7osi4lebg

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

Tough few days.

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.

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.

dickface

Still buying the dip on this one guys?

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.

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.

drunkmonkey

greenfield21 wrote: »

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

Shares came out of lock up at 1.50 a couple of week ago, the next round were at 2.80. I think were still seeing the effects of the 1.50 financing.
Next phase in Sweden is due online in a few weeks which may give some positive momentum. I think they made a bit of a mess the way Q3 results were presented. They were still good though and a higher P/E is still warranted.

It's reassuring to hear the bears say they'll go long at some stage, are you going to short it down to a dollar :rolleyes:

greenfield21

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

grindle

OwlsZat wrote: »

If you give 10% APR using POS to Ethereum 2 holders. Are you not devaluing what is already available since you are creating and giving it away for effectively nothing?

Is that not edging towards exactly what people don't like about traditional currency?

10% extra on top of your staked ETH being minted and given away is a fantasy which has little basis in what's actually been proposed, it's only a possibility if there's a low amount of stakers at the beginning, i.e. if the amount of ETH being staked is incredibly low, the few stakers (this is very very unlikely to say the least) will reap large block rewards.
Also, it's genuinely not being given away for nothing - it's an incentive to secure the network by locking yourself into it.
No incentive->no security->no network.
Potential changes to the protocol have already been thought of and can quickly be made if inflation grows faster than expected in comparison to gas burned - higher gas burn rate possibly with a programmed ratio built in so it can activate once breached.

The initial protocol for Casper is expected to be a hybrid of mining and PoS, eventually phasing mining out, but the lower the amount of ETH being staked the higher the percentage return per ETH. The more ETH gets staked, the gains decrease and will eventually lower to a point where people won't see much value in staking so they remove their ETH to spend or reinvest elsewhere and then the gains go up for people still staking.
ETH's Ice Age has already begun, it's going to continue to generate lower returns (in terms of ETH issued) as time goes on and the ecosystem will continually calibrate itself back towards reasonable profit for stakers as those who aren't gaining enough in their own opinion will drop their position.

This is one of the most interesting aspects of PoS for security: mounting an attack against PoS if it were introduced right now would currently cost billions of dollars in order to assert dominance and make the system unattractive to every other staker (hoping to cause a sell-off and devalue Ethereum).
That amount in $ will likely go up and if it does hit the trillion mark you'd have to invest an amount close to or exceeding Ireland's GDP to effect a change drastic enough which would ultimately cause this ill-advised maneouvre to be rendered pointless - the devs and community would fork, change the protocol and the bad actor gets whipped. Same would happen with BTC.

One point made continuously and erroneously is that only whales will be able to stake:
Mining pools exist -> staking pool contracts will exist (with no need for a pool fee beyond the txs in/out).
Staking pools can proliferate much faster than mining pools ever could because trusted contracts can literally be copied and pasted with a new reference address for people to gravitate towards so we'll see much greater decentralisation than is currently plausible through the current "buy small amount of hardware, mine in pool and pay fees" or "buy large amount of hardware, buy a warehouse in Iceland" models.
Plus we won't be fücking the planet up.

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.

Tinder Surprise

Any of you lovely people hold any?

uniemaia

subscribed, this seems like a very interesting thread

drunkmonkey

Captainsatnav wrote: »

Can I ask what you're referring to there? It's not the CAD$ price...

It’s is that site uses algrothims to work out price.

Captainsatnav

drunkmonkey wrote: »

At least were back in favour with the bots previously was 1.32, is now 7.59. Hopefully they'll get back to work and take us to the moon.

Can I ask what you're referring to there? It's not the CAD$ price...

drunkmonkey

At least were back in favour with the bots previously was 1.32, is now 7.59. Hopefully they'll get back to work and take us to the moon.

OwlsZat

If you give 10% APR using POS to Ethereum 2 holders. Are you not devaluing what is already available since you are creating and giving it away for effectively nothing?

Is that not edging towards exactly what people don't like about traditional currency?

grindle

ETH hoarder checking in! Apologies for the essay

If Bitcoin is a hedged bet against government-sponsored fiat's debt mountains and inflationary practices and the inherent distrust we should all have for the people who maintain the status quo - who have created debts so large they'll be passed onto our children in the best case scenario - then Ethereum is a bet on automation of terms and conditions between parties and ultimately cost-cutting for businesses whilst increasing trust in tandem.
The cost-cutting doesn't come about by replacing databases which is what some seem to think (that would be very inefficient and barely scratches the surface of trust in finance), but by replacing a large amount of the humans interacting with databases or simple binary contract terms who're performing busywork - relying on some well-trained yet fallible and tremendously slow human to perform a task that a machine can do faultlessly and fast is a huge cost.

Bitcoin may be able to do what Ethereum is doing using Rootstock (aka 'RSK', which is basically an Ethereum clone right down to using Solidity as it's language) with the caveat that it relies on centralised nodes as opposed to a more widely distributed network - ultimately Ethereum has gained so much ground when it comes to being used that it's going to be incredibly hard to claw working devs away from it without sufficient incentive.

Where do I see it going? It's only just begun it's journey but it's already starting to dismantle the traditional VC/IPO phases of start-ups. The longer that plays out and the further it goes the less focus on Silicon Valley in general which can only be a good thing.
Tech has gotten to the point where working from home or at least from your own locality in a shared workspace is increasing and whoever you work for or with can stage video meetings relatively painlessly without the added costs of moving hires to whichever base the company has, lower salaries as they don't need to pay exorbitant rates dependant on geography, insurance, canteen food, etc etc.
There are many start-ups worth anywhere from millions to tens to hundreds of millions (and some in the billions) now dotted around the world where there were none before.
And loads of scams.

More practically for other office workers around the globe : like hinted at above, if a job or service provided is easily automated/ broken down into if/else statements, if it would be more cost effective for the Ethereum VM to complete the task with a much greater level of trust and transparency than the average human can muster, then consider the necessity for humans in that job or service to be reduced.

Any chance to leverage the assets of others and reward appropriately is happening right now (predominantly mining and to a lesser extent storage and processing power) and will likely become near ubiquitous with storage and computational power being rented as needs arise via token economies.

The tools are waiting to be used, it just takes some sparks of ingenuity from thinkers and tinkerers to coax ideas into reality.
Voting could move to blockchain, national currencies could be open-sourced sidechains benefitting from the eyes of many rather than some discreetly gamed mechanism controlled by few to hide absurd backroom dealings, IoT devices could communicate with and pay eachother across networks, insurance claims could be processed faster provided certain conditions have been met (AXA uses this to refund customers who have delayed flights, the service is called 'Fizzy' which is currently in beta), renewable energy could be produced and resold amongst locals, donation drives could send money relatively quickly and painlessly to those in need with little to nothing in the shape of an administrative middle-man depending on circumstance.

This is mostly very long view stuff which is of little interest to (self-proclaimed and prideful) luddites but by the time these kinds of advances are widespread, in every device and home, most luddites will be too close to death or infirmity to give a toss about Skynet Ethereum.

Price-speculation... Who knows? Within 2-3 years it could overtake Apple's cap or maybe it'll collapse to nought. I personally see the former as more likely even though the sell pressure will be enormous if it ever gets near that kind of milestone - a whole lot of people will be retiring on a fraction of the money they've made since it was $10.
Doesn't really matter too much for the project imo. If a small amount of Ether is necessary to perform a repetitive mechanical task based on pure logic and that cost is lower than the cost of performing the task outside of the EVM then the decision is made, Ether gets bought and the world keeps spinning.

That isn't me thinking it's definitively worth that much ($1t) btw, just the simple fact that price overshoots utility in crypto for obvious reasons - people are hoarding and there's a free flow of money into crypto. I doubt most buyers know what Ethereum enables really, or what it's purpose is - they probably think it's just another BTC clone yet they still buy it. And that's fine too.

drunkmonkey

I’d say not selling the Ether is a bet on proof of stake. I don’t buy crypto but would be interesting to hear from someone hoarding Ether why there hoarding it and where they see it going.
Bitcoin looks like a lazy buy to me that most people will do but Ether seems like the thinking mans choice.

OwlsZat

Lots of capital raised with cheap share offerings and the maintenance contract which it looks to also paid in shares? Long term looks good but likely 6 months + before any real share price progress due to continued selling I'd speculate.

I think the fact that they haven't sold any ether is interesting too. Is this a bet on the value of the holding going up or is there another reason? This totals with my own guesstimate that any potential recession would provide a price boost.