Brass Tax."so Bac0n when should I buy back into HIVE?"
"so Bac0n should I buy back into HIVE? or pivet to other bitcoin companies?"
"so Bac0n has bitcoin peaked?"
these are just some of the private messages ive been getting, so let me address these questions,
Buying back into HIVE I think has pros and cons.. some of the pros is that HIVE seems slightly less volatile to the ups and downs of Bitcoin. However the gains HIVE can have is very limited. and barely ever breaks $3 for long, as ive said at length HIVE is overvalued due to its high share dilution activties with 350,000,000 shares outstanding.
Buy into HIVE or BITF, HUT, RIOT etc? Personally I like BITF and HUT the best, they are running the best and most profitable operations at this time, HIVE mining Etherum didnt have a significant jump (or any jump at all really) after ETH hit all time highs again. This is concerning, as I see HIVE as exposure to Eth. But the market seems to disagree.
and the million dollar question.. has Bitcoin found bottom? or did it peak at 40K and we will never see that again?
I think we havent found bottom yet, and I think Bitcoin will continue its upward rise eventually. the most conservative estimates predicted Bitcoin to hit at least 50 - 60K USD. and some banks JP Morgans among others have predicted up to 300K Bitcoin.
So I find it hard to rationalize that we topped at 40K
hope this answers some of the questions ive been asked.
*sips scotch*
God bless the bag holders
-Bac0n