RE:Sell HIVE Before London ForkNa man, $0.08 is excessive. If their making 40 million a year in profits that makes the $800 million dollar company. The problem lies with the ending of etheruem. Let's take a rough estimate of the cost of transition from etheruem to another coin. Let's say they have to buy 20k asic miners of another coin at a cheap cost of 1000 each. Thats 20 million in miners. Since they don't have their own engineering theyll pay dmgi or a company like dmgi a few million to remove, reinstall, reconfigure and install the software and hardware. Lets say 3 million. Then production losses at a low cost of 500000 per day in losses for even 1 month is 15 million in losses that comes to 38 million dollar total losses that comes from their 40 million in profits but the profits will be higher to lets say 60 million in profits for this year minus 38 million is 22 million profit at 20 years is 440 million dollar company which is just over 1 dollar per share by fall.. if you include irrational investing from guys like bullfire, I can see high 1s or low 2s
Bac0n wrote: this London Fork is going to hurt ETH big in the short term, HIVE will take a hit on their profits for sure. Make sure you don't get stuck in the down trend like 2017.
HIVE will be back at 0.08 cents when this is all said and done, make the right choices gang!
Best of luck to everyone in their investments.
*puffs cigar*
-Bac0n