RE:Bitcoin up...HAVE Down???Candim wrote: Can anyone comment on why HIVE's price is falling while BITCOIN is surging?
Everyone new to this needs to understand that HIVE is a stock first. Meaning it falls under the regular market forces i.e. if the stock market is down then HIVE like ALL stocks will also be down. HIVE does not follow linear with bitcoin.
Another issue is this comparison of HIVE to the wrong groups like COIN or GBTC these are ETF's or holding acocunt for bitcoin. HIVE doesn;t hold alot of bitcoin (they sell it sometimes to raise cash). The best comparison for HIVE is to HUT-8. You'll also notice that HUT-8 is also down big time today. HUT-8 hold twice the amount of bitcoin as HIVE.
Take away message is that HIVE is a stock not an ETF or a bitcoin wallet.