Post by
Nickmann on Mar 02, 2021 10:12am
Price
Amazing to me how we can have great financials with amazing profits and only go up 5%.
BITF announces they will increase Hashrate by the end of 2022 and they go up 10%
Hive announces almost same info as BITF last week except we will achieve hashrate increase all in by end of 2021. Yet nothing for Hive.
Why is this? Is it just a shorting issue or does no one really care about what Hive is achieving.
I just don't get it.
Comment by
DotComRich on Mar 02, 2021 10:51am
Financials were basically priced in already since they revealed them back in the Dec webcast. There were no real surprises so price action is warranted. At the end of the day we are tied to the mercy of BTC and ETH.
Comment by
Bac0n on Mar 02, 2021 10:54am
all crypto miners are tied to the price of crypto..lol isnt that kind of stating the obvious? like all oil companies are tied to the price of oil... #CaptainObvious *sips scotch* -Bac0n
Comment by
bullFire on Mar 02, 2021 11:01am
If it wasn't for the great financials HIVE would be down like everyone else. It's not its up. Positive sign no doubt. Most investors like companies that actually make money. Hive will have plenty of new investment because of this.
Comment by
Bac0n on Mar 02, 2021 3:14pm
I don't want to alarm anyone.. but it seems that the stock price of HIVE, BITF, RIOT, HUT and others.. are all coorelated to the price of Bitcoin. credit to DotComRich for bringing this to the boards attention, truly a remarkable breakthrough, thank you for your insights. *snickers* -Bac0n