RE:RE:Hoping for a change...I followed HIVE since 2016. It went from nothing to $6 by December 2017. At that time Frank's fund and his friends cashed in and left retail shareholders hold the bag all the way to 9 cents. In 2017, Frank owned 570K shares of HIve. Today, he owns the same amount even though HIVE went to 9 cents. So he never added to his tally. Why? Why would not he buy at 9, 25, 50 cents? Why would anyone else invest if CEO doesn't beleive in the company. Anyway, HIVE was a good trading vehicle for crypto price untill Frank's fund dumped 10m shares. Since then it's been trading sideways even though BTC went up 20%. I stopped trading it. There's too much risk and no correlation with cryptos. I beleive in BTC and ETH, but HIVE and other miners pose too much management risk.
BTC broke 37K as I write this. HIVE may reach $3 tomorrow. Maybe. If Frank decides to issue more shares for $2, HIVE will tank regardless of the price of BTC and ETH. If history is our guide, HIVE will be diluted very soon and the price will drop. Mark my words.
If you beleive in cruptos, buy cryptos. Avoid greedy old white men.
DotComRich wrote: Only 2.76% of shares are owned by institutions, if you look at all the other miners they are 10-20% owned. Management needs to get their sh!t together and get us on a real exchange with real investors.