RE:RE:KLockett Where Are You!I have looked at the numbers.. in depth.. all the numbers. for:
RIOT
MARA
BITF
HUT
HIVE
theres a reason HIVE is the lowest priced and has been since January.
you seem like a reasonable guy who actually wants to learn something, (hopefully im not wrong)
so here ya go.
problems with HIVE compared to the competition
Outstanding Shares HIVE has almost 400 MILLION shares outstanding, this is more than double most of the competetion, this is because HIVE back in 2017 and afterwards when it crashed down to 8 cents. had to dilute their shares so many times just to stay afloat. Meaning even though HIVE has a reasonable market cap (at the moment) it has to be spread too thin across all oustanding shares, making the share price low. hence why its the lowest among all the miners and has been since January.
Mining Profits Hive might seem like it makes big profits when looking at the revenue and earnings (even if they are old and being delayed) but compare those numbers to BITF, RIOT, MARA, HIVE. Its the lowest.. the numbers don't lie, and sure you can speculate all you want on what the numbers will be for new earnings. But I don't work on speculation, I work on fact. and fact is. HIVE has the lowest numbers when compared to its competition
Hashrate HIVE has less than half the Bitcoin hashrate of its competition, even with its plans to scale it will continue to be behind all the competition. HIVE has the lowest Bitcoin hashrate period. full stop. this is not a debate, its a fact. now people will say "BuT WhAt AbOuT EtH MiNiNg" ... well HIVE does mine alot of ETH, but the price movement doesnt seem coorelated to ETH at all. and the majority of investors want to invest in digital gold (Bitcoin) not digital silver (ETH)
Poor Management They just missed a standard filing deadline, HIVE didnt have a workforce until recently. and its built mostly on contractors with no stake in the company. Frank was supposed to be a "temporary" CEO. but here he still is.. The optics alone of this company missing filings and having its C-suite in disarray is enough to scare away serious investors.
These are just SOME of the facts as to why HIVE lags behind its competition, and this isnt just me saying words.. look at the share price.. look at the news releases. REALLY look at the numbers. The market doesnt lie. HIVE is priced the lowest for a reason. Dont be emotionally involved with a stock. its not a woman, dump it and buy a better company.
The pumpers are out in full force today trying to pump up financials that have been delayed and havent been released. and to be clear, no you dont know what the financials will show, you are guessing. dont invest on guesses. invest on facts.
If HIVE options become available before mid August. I will 100% take a short position
TLDR;
there are better crypto mining companies, I truly believe HIVE will stay at the bottom of the pack for years to come, and there is unnecessary risk exposure. and so far.. ive been right.
best of luck
*puffs cigar*
-Bac0n
KLockett wrote: They are delayed which is annoying!!!! However they gave a preview and I think are amazing? Can you stop and look at the numbers for second. 550 thousand a day and looking to triple production by the end of year!!! I get you hate hive man, but at 2 dollars a share this is a steal. Your a smart guy, so the numbers. I really like where I am with hive. Average 2.01 as well