Hive Blockchain Technologies Limited

retalivity · 13-03-2018 11:35pm

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 · 13-03-2018 11:57pm

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 · 14-03-2018 3:47am

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 · 14-03-2018 10:05am

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 · 14-03-2018 3:11pm

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 · 14-03-2018 3:24pm

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

drunkmonkey · 14-03-2018 3:27pm

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 · 14-03-2018 8:46pm

https://seekingalpha.com/article/4156379

drunkmonkey · 14-03-2018 9:39pm

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 · 15-03-2018 3:02pm

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

drunkmonkey · 15-03-2018 3:18pm

Warrants up 700% since opening, think we missed a trick there. https://web.tmxmoney.com/quote.php?qm_symbol=hive.wt

dickface · 15-03-2018 9:08pm

i hope none of you bought any when the usual suspects were shilling this the past few months

drunkmonkey · 15-03-2018 9:44pm

It's still a buy depending on your outlook for blockchain/crypto, mining is still very profitable right now even with all the negativity in the market.
Bitcoin can still fall a good bit more and we'll still be fine.

Good quick read on the outlook for crypto http://news.morningstar.com/all/market-watch/TDJNMW20180315564/update-if-this-chart-is-correct-it-puts-the-price-of-bitcoin-at-91000-by-2020.aspx

The warrants could be a like winning the lotto in November 2019 if the dropped a few cent.

Bobeagleburger · 15-03-2018 9:54pm

66% fall since start of year

grindle · 15-03-2018 10:02pm

For any other stock that would probably be a sell-signal indicating you've already lost your shirt.

For something intertwined with the perception of crypto's value (when it probably shouldn't be) it's a cute little dip.

drunkmonkey · 15-03-2018 11:06pm

RoboKlopp wrote: »

66% fall since start of year

3000% Rise last year.
Warrants finished up 200% toady
60% is but a blip

roosterman71 · 15-03-2018 11:08pm

Can someone explain what these warrants are?

drunkmonkey · 15-03-2018 11:13pm

roosterman71 wrote: »

Can someone explain what these warrants are?

It’s an option to buy a share by November 2019 for $3.90

TheSheriff · 16-03-2018 12:19am

Feeling the squeeze on this the last two weeks !

Hoping it starts to turn around at some point.

That said, I fully know this stock is a gamble, so prepared to see where it goes.

q85dw7osi4lebg · 16-03-2018 12:53am

Said I wouldn't buy more however I can't help but feel it's a bargain right now.

dickface · 16-03-2018 8:32am

Actually a 77% loss from its November peak

drunkmonkey · 16-03-2018 9:24am

Stephen Wooden Boot wrote: »

Said I wouldn't buy more however I can't help but feel it's a bargain right now.

I’m thinking the warrants are a bargain, they’ll be a few months off processing Visa level transactions.

drunkmonkey · 16-03-2018 10:30pm

Stephen Wooden Boot wrote: »

Said I wouldn't buy more however I can't help but feel it's a bargain right now.

Did you jump in? good recap of the week in crypto here small mention for hive https://ceo.ca/@bto/lift-a-pint-with-crypto-wars-issue-no-17

q85dw7osi4lebg · 17-03-2018 2:51am

drunkmonkey wrote: »

Did you jump in? good recap of the week in crypto here small mention for hive https://ceo.ca/@bto/lift-a-pint-with-crypto-wars-issue-no-17

Funds didn't land in time! Good day all the same. Will have a read.

drunkmonkey · 20-03-2018 12:10pm

I’ve put in a request to get the warrants listed on Degiro. I’m wondering will the amount being released over the next while drive the warrant price down while Hive is sitting still. Wouldn’t mind taking at bet on 5000@.05 cent.

Captainsatnav · 20-03-2018 12:15pm

drunkmonkey wrote: »

I’ve put in a request to get the warrants listed on Degiro. I’m wondering will the amount being released over the next while drive the warrant price down while Hive is sitting still. Wouldn’t mind taking at bet on 5000@.05 cent.

Any views on where this share price is going? Way down on where I bought in at but did so based on anticipated huge jump after end February earnings report...

drunkmonkey · 20-03-2018 2:46pm

In the same boat, short term it's as volatile as the bitcoin, 3+ in may I reckon as it will have a positive p/e, ROCE was 36% in first full quarter, which is excellent for a start up, it's cash flow positive so money to spend on other blockchain opportunities, The warrant price suggest 4.14 dollars by November 19 I don't see it taking that long unless were in for an 18mt recession in blockchain/crypto/, I think it'll only accelerate not retreat every qtr from here on in, dilution is nearly all passed.
Hive at 5 anytime this year would make those warrants look very cheap.

Captainsatnav · 20-03-2018 5:38pm

https://oracledispatch.com/2018/03/20/crypto-spotlight-hive-blockchain-technologies-ltd-otcmktshvbtf/

Would you look at that - more positive spin.

q85dw7osi4lebg · 21-03-2018 5:02pm

Keep goin..

h0neybadger · 21-03-2018 5:10pm

Where are ye buying

drunkmonkey · 21-03-2018 6:17pm

h0neybadger wrote: »

Where are ye buying

On the dips.

q85dw7osi4lebg · 23-03-2018 6:44pm

This is some rollercoaster

drunkmonkey · 24-03-2018 5:56pm

Stephen Wooden Boot wrote: »

This is some rollercoaster

Makes the bitcoin look stable.

The BLOK ETF was loading the boat this week, close to 4.5million shares now, few banks were buying in as well. Can only be a good sign hopefully.

BonesJones1 · 25-03-2018 8:57pm

Would Hive be possibly the safest investment in the crypto market ? I’ve had an interest in crypto currency for a while now but don’t want to dive in at the deep end.

Captainsatnav · 26-03-2018 11:10am

BonesJones1 wrote: »

Would Hive be possibly the safest investment in the crypto market ? I’ve had an interest in crypto currency for a while now but don’t want to dive in at the deep end.

It's not a crypto currency. It develops mining / blockchain technology. One application of which is the ledger maintenance of crypto currency holdings. I.e there's more uses for what HIVE does than crypto.

HAving said that I bought in based on tips afforded around these parts in mid Feb but it's lost about 40% in value since. But the experts on here maintain it's a hold as may blow up in near term.

drunkmonkey · 26-03-2018 1:21pm

BonesJones1 wrote: »

Would Hive be possibly the safest investment in the crypto market ? I’ve had an interest in crypto currency for a while now but don’t want to dive in at the deep end.

Safe is probably the wrong word your in the venture capital space with this one but looking at the backers like genesis and fidelity 45% ownership between them it can give some confidence it’s not your average start up, it’s highly volatile and has been trending down the last few months, it broke the trend a week ago or so and seemes to be on the way back up, it suffered a lot of dilution through various bought deal financing which hit shareholders hard. That’s 90% passed with the next traunch of shares coming out way over the current share price so isn’t going to cause near term downward pressure unless the share price is above $3.90

This is the deep end if your thinking of diving in but there’s not many others right now, you’ve Hut8 who launched a few weeks ago but their only bitcoin miners and not really in the same space as Hive their share price has taken a hammering over the last few weeks.
A safe bet is probably any of the companies listed in the Etherum Alliance if you want some exposure to blockchain stocks but there mainly the big ballers like IBM, Microsoft etc. Nvidia would give your some exposure to the mining side with the GPUs but that’s already built into their current price.

Hive is high risk with the potential for high reward. I think the current share price is an excellent entry point but be prepared for wild swings you could be up 10% today and down 30% tomorrow. Its still young with only one qtrs full results out which isn’t near full capacity.

Think a good few of us had very short term goals that didn’t pan out and are now underwater waiting on fresh news and more financials all which are coming just not quick enough for our liking.

The major risk is a sustained crypto price collapse (which is not what’s happening now). Etherum under $300 and Bitcoin under $3500 would be worrying if it went on 6mt+ but the company is well financied and should weather most storms better than others.

There’s not many analysts who’ve covered the stock but the consensus seem to be a price target of around $5.

Right now my own opinion is it’s undervalued. Crypto is down today so will be interesting to see how Hive reacts and can it still maintain the upward momentum of the last few days.

drunkmonkey · 26-03-2018 2:57pm

Takeover of Kolos http://kolos.com/ and new director, http://www.stockhouse.com/news/press-releases/2018/03/26/hive-blockchain-to-acquire-kolos-norway-as-build-major-data-centre

q85dw7osi4lebg · 26-03-2018 9:34pm

Great news. $2.00 back on the horizon I reckon. Wonder when we will have news about the Swedish centres.

drunkmonkey · 26-03-2018 10:47pm

Stephen Wooden Boot wrote: »

Great news. $2.00 back on the horizon I reckon. Wonder when we will have news about the Swedish centres.

Next phase in Sweden in final testing now i’d hope, New director looks promising. News by apri maybe.
Norway’s got a lot of potential. 100% renewable. Some of the best running costs. Sounds like a great place for supporting some big ideas on the blockchain.
Or just bitcoins, loads and loads of bitcoins and hodl then all.

OwlsZat · 02-04-2018 7:37pm

Markets taking an awful walloping and Hive heading for 0. Etherium worth almost half it's price was at last earnings.

When will the good news start??

drunkmonkey · 02-04-2018 9:36pm

Etherum is still worth more than when they started mining it. Remember for the 12 days of September they made €170k with a margin of €120k, Ether was around $250 then.
Crypto markets have taken a big tumble it doesn’t mean it’s heading to 0 and the business plan is broke. It’s still all going to plan. Just without the loony tunes valuation $1500 ether was giving it.

q85dw7osi4lebg · 02-04-2018 11:22pm

Given the assets HIVE actually acquires and runs (mining systens aka pc's / data centres), crypto aside I'm sure there are ample other futures for HIVE even if crypto disappeared altogether? Or am I wrong..

OwlsZat · 03-04-2018 11:43am

drunkmonkey wrote: »

Etherum is still worth more than when they started mining it. Remember for the 12 days of September they made €170k with a margin of €120k, Ether was around $250 then.
Crypto markets have taken a big tumble it doesn’t mean it’s heading to 0 and the business plan is broke. It’s still all going to plan. Just without the loony tunes valuation $1500 ether was giving it.

Fair enough. Awfully testing stock to hold with little general market support. Feel it's a bit misunderstood.

q85dw7osi4lebg · 03-04-2018 2:15pm

Finally some progress.

https://www.hiveblockchain.com/news/hive-blockchain-increases-power-capacity-by-65-to-174-mw/

drunkmonkey · 03-04-2018 2:20pm

Was thinking they’d leave it until the start of this month to release it.

Frank is one of the key note speakers in Mining and money tomorrow in Hong Kong will be interesting to see what he has to say.

Some news and crypto bouncing back a little, hopefully a good day.

q85dw7osi4lebg · 09-04-2018 11:50pm

Hard to know what to make of the price movements here

drunkmonkey · 10-04-2018 1:13am

Drifting in no man's land.

$5 in November with Ethereum at $350, now it's $500 and were at $1.10.

OwlsZat · 10-04-2018 11:32am

Concerns exist for cypto in general, for the volume of share options in place. Then there's unknowns for happens if pos comes in, or as mining difficulty increases and as GPUs age.
Next earnings can't come soon enough.

drunkmonkey · 10-04-2018 11:56am

Think I read somewhere coming at the end of May

Hopefully a recovery in whatever there mining by then it'll make the drop in crypto irrelevant.
Listening to Marco Steng he said the miners like Genisis still have opportunities when the price is dropping or flat.

10-04-2018 3:49pm

What do you folk think ? A mate of mine is screaming at me to buy more !

Hive Blockchain Technologies Limited

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