RE:RE:RE:RE:Relax PeopleJon1313 wrote: Hi Fumes,
HIVE has a simple business model.
We mine and hoard coins (mostly ether but others such as dash, litecoin, zcash, & eth classic). I believe that the reason why the SP does not respond to the price of eth is a two part answer:
1. We do not have a benchmark. No one knows exactly how many coins we have tucked away. Everyone knows it is alot, but no one knows the exact number. Also, with the prices of cryptos being so volatile, its difficult to peg where exactly we are at based on standard calculations. Investors do not want to overshoot and then the SP plunges, so I think we are just cruising until we hear some news.
2. HIVE is more than a miner. They want to grow with blockchain and be a leader in the space. Slowly they will find other way to monetize their business by using blockcahin. Therefore, their SP can not solely rely on the prices of eth. But as mentioned by their CEO, even when crypto prices fall, it is HIVES chance to gain market share.
There are so many companies with the word "blockchain" attached to their name that do not have a clue what the tech is. When you consider HIVE as a whole .... in terms of their management team, economies of scale, geographic locations, & the general trend of crypto, I believe HIVE is the best blockchain companies out there.
We have a great opportunity here. GLTA
No one really knows how many crypto coins HIVE has in their vault?? Sounds like a solid investment thesis to me!
Not to mention a single tweet from some anonymous hipster at any moment can cause a price swing in a matter of seconds. Does anyone see where the decentralization of fiat currency will lead? Everyone and his dog will have there own crypto one day and it will just become a popularity contest. This stock is junk.