HIVE... a few observations... I'm not sure how many of you follow the weekly insights posted on glassnode but I strongly suggest you do if you're long or thinking about buying HIVE... below are a few pleasant takeaways by one of their analysts and its filled with data that supports the notion that they actually know what they're talking about....
1. The Net Unrealized Profit/Loss is still low... if BTC follows the trend from 2017, then the top this year could be around $65,500... Willy Woo sees it much higher...
2. The ETH increase on the exchanges is not a bad thing... Bitfinex launched a loan for BTC/ETH program... Investors are taking long positions...
3. There is a supply side crisis with BTC... demand is by far outweighing supply... and for amplification, DEMAND IS BY FAR OUTWEIGHING SUPPLY... and supply is going to be restricted...
Now, the last part of the aforementioned #3 is interesting because one could infer that there's now a HODL strategy in place by not just one of the miners, but by most all of the miners... and that would also support the reasoning as to why there was the sale of US Grow's shares last week.... and if you think about it that in and of itself is pretty clever...
Lastly, if you're new or long, try not to get scared off by the shorts or the posters who get paid by the post... the company is on solid footing and although not as heavily into BTC mining as some of the other stocks usually mentioned here, it is profitable, positioned correctly for ETH breakout and running exceedingly well... and lastly, there is no debt...
The internet as we know it (world wide web) is evolving... and the one particular type of crypto, which although traded as a financial product today, is going to be at the center of what the internet evolves into - that particular crypto is known as Ethereum and it is akin to a digital carbon.
IMO, most do not yet understand how to even create the financial models for forward guidance to its value proposition...
HIVE/HOLD/HODL