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I mean, think about it.
I invest in a Bitcoin miner that HODLs $BTC and $ETH. They retain all the value and I pay them to make their profit.
They invest nothing. They dilute shareholders to keep the lights on and buy more miners and stash all their coin. Then reward themselves with 940,000 free shares. Again the retail schmuck foots the bill.
(Notice the nice Used Car Salesman psych? The price written across the windshield, $9,999.00 and not $10,000. 940,000 free shares, not 1,000,000? Gee, I wonder how they came up with that number?)
What sounds better? Buy 1 Bitcoin at say $50k and watch it run, or maybe 10 ETHs at $3.5k and watch them run. Or but $50k of $HIVE and watch Frankie and his Scamming Sock Puppets get rich?
I think I need to rethink my strategy. It's pretty clear what the right choice is. I just need to get above water here and hopefully before a Reverse Split. Even a 1:2 ratio would get the price up between a $5.50 to $6.00 range and put them on par with Bitfarms and Hut 8. Although surely the price would immediately drop back to present levels and as a result $HIVE does another round of public offerings.
The only conclusion I can draw is that investors, retail and institutional look at the $ETH/$BTC split and don't like it. Folks want Bitcoin, not ETHEREUM. There are many many other miner options out there doing quite well and following the price of Bitcoin. $HIVE is the only one that is not. And really, why buy a miner when you can buy the asset directly and own it. I am beginning to think that investing in miners is dumb. What are you investing in? You're not investing in a store of value, you are investing in a miner that is making all the profits, rewarding insiders and giving investors nothing.
So what does Frankie F****Up do? Hand out 940,000 shares to insiders while telling investors to go F*** Off.
A component of Exec leadership is to increase shareholder wealth.
Frankie The Forked Tongued F***Up has not done that. Instead he feeds his investors bullshite like, "Crypto markets are very volatile, and how difficult it is dealing across time zones and language barriers and stupid mushroom investors not only eat it up, they defend the lowlife POS and ask for more.
They better get the price up or risk delisting back to the OTC where Frankie Boy belongs. Frankie and his band of stupid and incompetent Sock Puppets are incapable of moving the pps through vision and innovation so don't be at all surprised if the Used Car Selling Slimebag doesn't resort to a Reverse Split to get the pps up. After 2 public offerings it's about time for a Reverse Split. Of course the Restricted Shares he just handed out to "An Officer" someone will be exempt and not exposed to the Reverse Split.
I feel sure a Reverse Split is coming and will happen to avoid a delisting.
Last 7 days
$Bitcoin Up 15%
$ETHEREUM Up 10% (Frankie Boy's favorite)
$HIVE Up 1.5% (unable to hold $3.00. potential investors are not interested in ETHEREUM nor blind and can see the disconnect)
Frankie F***Up just cares about his bottom line and F*** the shareholders. They are a resource to be used for Dilution, nothing more. They deserve what I give them, pure bullshite.
940,000 free shares rewarded for $3.00 pps and a job well done!!!!
How about growing the PPS?
Bitcoin Up
ETHEREUM, Frankie F***Up's honey maker, his sweetheart, Up
$HIVE can't hold a lousy $3.00. But hey, that's not our problem, free shares for everybody
Investors were avoiding Frankie Boy, and ETHEREUM like the plague and now they've been proven right to stay away. Investors look at the rewards being handed out, then the PPS and say, WTF is going on here? Better look elsewhere. Much better performing Miners to invest in.
This is a shareholder scam operation that is heading for and should be delisted back to where it came from.
Run by a used car selling shyster that knows how to keep his mushrooms in the dark and how to feed them just the right amount of bullshite so they won't complain. Well done Frankie Boy. Grab yourself another 100,000 shares for that one.
That's why knuckle dragging Frankie F***Up needs to be kicked out on his arse. Especially now for rewarding insiders with 940,000 shares.
Because his vision of the future is so near-sighted he went "all in" on ETHEREUM and now is trying to play catch up while pretending he is so smart.
His Sock Puppet COO once ran his own Bitcoin miner but had to go belly-up and change the name because he couldn't make a go of it and said Bitcoin was producing diminishing returns and not cost effective to mine.
Sold all his miners and started manufacturing metal detectors.
Two month later Bitcoin began its epic 1,000% run. That's the type of talent Frankie F***Up recruits. A Sock Puppet. I wonder how many of the 940,000 give-away shares he getting. I guess they are rewarding themselves for getting out 2021 10k 6 months after the close of the year and 2022 Q1 only 3 months after the close of the quarter.
Hey you get 100,000 shares, and you get 100,000 shares, and you get 100,000 shares for outstanding efforts overcoming time zones and language barriers.
It was so haaaaaaaaaaaard.
PPS? Shearholders? F*** 'em, let 'em eat cake.
Corrupt POS
A prediction is not a fact. An opinion is not a fact. Period. End of story.
What do you say when her predictions are not realized?
But, but, but, Cathie said!!!
Yeah, then you look her up and ask for your investment back?
ROTFLMFAO!!! 100,000??
That's Cathie Wood's "opinion." Just like yours. Just like mine.
Look at facts? Throughput? TPS? Real Data. We only know what the facts are in front of us. Everything else is a prediction, "opinion."
Opinions? Everybody got one.
According to many Bitcoin will see $100k by EOY. Fact or opinion?
Michael Saylor (MicroStrategy) says there is one and only one digital asset, Bitcoin. Fact or opinion?
GLTY
Have you ever listened to Cathie Wood speak? Yikes.
I believe we both fully realize that iHub posts are "opinions"
You have yours, I have mine.
ETHEREUM will go the way of the dinosaurs within a year.
Cardano will flip/replace ETHEREUM on the Market Cap list and move in behind Bitcoin.
ETHEREUM will be remembered as a pioneer in the space but will be just that, a memory.
Frankie F***Up will be trying to sell investors on a bag full of ETHEREUM doughnut holes.
GLTY
crushed by Cardano
Projects are already leaving the costly and inefficient ETHEREUM network
So what will happen to the value of $ETH? It will go up?
$BTC $54k
$ETH $3.6k
And the miner with the biggest losses?
No surprises here, $HIVE, down 4% on the day.
Well you know we operate across many timezones and we have a language barrier.
Get Howdy Doody Shite For Brains out of there and get in some Crypto savvy youngblood to lead this company.
They should dump all that $ETH while they can still get $3k+ for it.
It will soon be worthless.
I am happy when I deal with honesty and responsibility.
Let's be honest? To, hypothetically, use an argument that favors one's opinion but then to not accept that same argument when it is appropriately used against them is a bit insincere.
There ya go!!! A big bag!!!
Sure, let's see how $HIVE, NASDAQ, $ETH close?
The point being those excuses are used when $HIVE drops.
I am simply pointing out what BS those excuses are because it doesn't work both ways. Evidence the rise in both The NAZ and $ETH?
"All Markets are down today"
"$ETH is down today"
When explaining a drop in the $HIVE PPS
What's good for the goose?
Better not to use those excuses because they will come back to bite.
A "Long" that admittedly "flips" along the way. For the sake of full disclosure
WOW!! Just look at those tanking markets!!!
DJIA
+521.58 (+1.52%)
34,938.57
NASDAQ
+237.19 (+1.64%)
14,739.10
S&P 500
+62.14 (+1.42%)
4,425.69
Let's dispense with that "all markets are down" BS shall we?
Snapshot:HIVE
HIVE BLOCKCHAIN TECHNOLOGIES LTD
3.0198 Down -0.0502 (-1.6352 %) AS OF 9:43:19AM ET 10/07/2021
Really?
NASDAQ: 14,669.832 +167.921 (1.16%)
OH, and ETHEREUM?
Currently $3,632.06
Any more excuses?
How about Frankie Boy is a boat anchor around $HIVE's neck?
Yeah, I hear you and that's a popular view with a possible outcome.
I am not as confident in ETH 2.0. I have been following the path of Cardano and IMHO believe that Cardano is going to flip ETHEREUM and take the #2 spot in the Crypto Market Cap list.
Cardano is building an incredible base and soon will have a large, very large African adoption of their network. From what I understand more and more projects are leaving ETHEREUM for Cardano. If ETHEREUM becomes less relevant then so does their price then so does anyone HODL'ing their coins.
It's all speculatio0n as of now. I would really like to see Frankie Boy either step or be pushed aside from the day-to-day of HIVE. He got all those old business entanglements straightened out and kudos for that. That's what he does, business. US Global & gold.
$HIVE needs a young Crypto hip leader, someone with vision who grew up with Crypto.
BTW: I don't understand the PPS direction here with $HUT. Falling back as $BTC finally crosses the $50k boundary. (Dilution?) Well, everyday is a new day in the story of Bitcoin and Crypto so history is being written. Once there is enough historical data available to analyze and chart the future should become a bit easier to see. IMHO
GLTY
Cardano cannot be mined. Litecoin can.
At this point Bitcoin seems to be the only coin worth mining. Mining altcoins on a large scale is very risky and at this point will not attract investors.
A good example is $HIVE. Their dumb short-sighted CEO chose to mine primarily ETHEREUM which has turned out to be a huge mistake. $HIVE is trying to play catch-up now by trying to buy Bit Miners but they have a long way to go and who knows what's going to happen tomorrow let alone next year when $HIVE will only start taking delivery. And that depends of a fully functioning supply chain out of China.
There are many altcoins worth investing in but not on the scale of the current Bitcoin mining effort.
All in IMHO of course.
Bottom line is ALL altcoins are at the mercy of the price of Bitcoin.
Even Bitcoin miners aren't safe. $BTC is up 8% in 24hr and crossed into $50k territory and where is $HUT? Down 2.5%. Go figure.
Pre-Market indicates a Gap Up Open.
Need to hold and advance $3.00
A close above $3.00 is great for day traders.
$HIVE needs to experience a sustained stair-step of the PPS from here for at least two weeks to be considered a legitimate trend.
If $HIVE can't hold $3.00 then Tuesday really means nothing, unless you're a day trader.
Frankie F***Up needs to either step aside or be pushed out of the way. One way or the other the Shite For Brains needs to go.
$HIVE needs a young Cryptocurrency savvy personality to lead the company.
Frankie F***Up doesn't have what it takes.
He's an old timey Funds/Gold relic with absolutely no vision. He can "probably" manage US Global but he is no Michael Saylor as far as Crypto vision and strategy is concerned. In fact he is holding the company back.
Installing a young Crypto visionary would do wonders for the PPS. Frankie Boy got the business administration stuff straightened out and got $HIVE in a good position. He is not the person to lead the company into the future. He needs to step aside for the good of the company and its shareholders.
Volume 6,422,370
Volume (10 day Average) 3,756,409
Volume (90 day Average) 3,580,799
$3.00+ Close?
Agreed. $HIVE's only impediment to a fair market price is Frankie Shite For Brains Holmes.
He needs to go. He is clueless. Placed all HIVE's eggs in the ETHEREUM basket and now he is trying to play catch-up to the smart miners that went all in on Bitcoin.
Plus he is just now realizing what an arse he is and finally trying to put an Exec team together. Horse/Barn door? Unfortunately HIVE is stuck with soon to be worthless ETHEREUM.
Frankie has already admitted that doing business across timezones and in different languages is "hard." His word. His internet connection must be an acoustic coupler. That's if he even has one.
Who can explain why $HIVE cannot break $3.00?
Both Bitcoin and ETHEREUM are up 20% in the last week.
Q1 looks great. HIVE's and Frankie Boy's personal bottom line look great.
Where's the reward for investors? A dividend?
Nooooo, Investors are only good for dilution not for sharing in any profits.
Twisted Logic
A COO whose own Bitcoin mining company went belly-up 2 months before Bitcoin went on a 1,000% run? Can't even explain what HIVE does and whose vocabulary consists of "Ah" and "Is that right Frank?"
A Swedish President that can run a 3:32 Marathon, oh and speak Swedish/English to the part-time accounting staff
I am with you 100%.
My gut feeling is that Frankie gambled and emphasized ETHEREUM over Bitcoin and lost. Yes, $HIVE mines Bitcoin but to a much lesser degree as evidenced by what they are HODL'ing compared to their competitors.
$HIVE is late to the Bitcoin party but that's not unusual for Frankie Boy. He is not a visionary. He's a follower, he doesn't innovate, he copies. Plus he hasn't devoted enough time and energy to $HIVE. It is only now that he is bringing on an Exec Team and the first two are complete losers. This 3rd one, although only a BoD member looks pretty sharp.
Why not strike a nice deal and be the first $BTC miner in El Salvador? Geothermal power? The best. Doesn't depend on wind or sunlight.
El Salvador is pioneering the space of a sovereign Bitcoin currency free of the control of the $US. I would think they would love to have a miner come and set up shop in their country.
Someone will for sure.
This morning $BTC broke $50k resistance and is now bouncing back and forth. Bitcoin miners are responding Pre-Market. Except for $HIVE, up only 1%
Who are the FOMO'ers going to look to? Bitcoin miners or a predominately ETHREUEMN miner? It's a no-brainer.
Even $ETH is up 3% in the last hour. Where is $HIVE? Nobody wants it.
Hey, this is a message board for opinions and opinions only.
I have mine and everyone else has theirs. No problem.
But can you please explain how the value of a $3,400.00 $ETH affects the price of $HIVE?
Investors see no value in a miner that mines ETHEREUM rather than Bitcoin.
FOMO investors probably don't have a clue what ETHEREUM even is. All they know and want is Bitcoin and other miners offer it. See $BITF & $HUT
El Salvador is leading the way with a sovereign Bitcoin currency. The road is bumpy so far but they are leading the world. They are also demonstrating the availability of a geothermal power source. The President is 40 years old and part of the Crypto Generation. He sees the future.
Why aren't miners negotiating/closing partnership deals to start mining there?
Where is Frankie "Late to the party" Holmes' leadership? Probably not interested in getting in on the ground floor. My guess is he doesn't even have a clue where El Salvador is, couldn't locate it on a map of Central America. What is this land mass? Central America? Is that on Planet Earth?
Maybe in 10 years or so he'll look into it.
Why is "markets are down" always an excuse for a falling pps but when markets are up the pps doesn't follow. If pps does not rise with markets then how can falling markets have any affect.
One way street?
BTC hitting resistance? after a 10% gain. Where was HIVE's tag-a-long 10% rise? Nobody wants HIVE's ETHEREUM. Except Frankie of course. He's probably got a warehouse full of Sony BetaMax players somewhere. Probably had Baltimore Vs. Arizona to meet in the WS. Both 110 game losers, just like him.
$BTC up 20% in one (1) week
$ETH up 17% in one (1) week
$HIVE up 2.5% in one (1) week
Where's the correlation? Please explain why $HIVE does not track positive BTC/ETH gains yet tracks their declines?
Is it possible? Someone with actual credible credentials appointed to the BoD.
Nobody wants ETHEREUM, except Frankie F***UP. ETHEREUM fees way too high.
They're going to be cast out upon the Crypto Garbage Pile soon.
Cardano will flip them within one year, maybe sooner.