RE:There is no way to support current SP unless Eth increases BIGCHILL wrote: in price 5x . At max this can generate 50 mil a year, sound ok but the computers are brand new
and these will have to be upgraded and maintained constantly I say this is starting to look sketchy at best. :(
You are putitng too much thought into crypto stocks. HIVE does not go up or down on earnings but on hype. Most of the blockchain and cannabis companies don't have earnings. It is all future prospects, possible earnings etc. HIVE was $6 when ETH was $400. Now it's $2.80 and ETH is $1K. So it doesn't make any sense.
I trade pot and crypto stocks. with stop losses and profit taking on days when it goes up a lot. Trading range between $2.80 and $3.50 have been working like a charm for the past month.
If I was waiting for Shopify to have earnings I would never triple my money. The only imortant thing is where the price is going and to be on the right side of it. I don't care why Shopify is going up. I will ride it untill it starts going down.
Good luck to all.