Replies to post #1243 on HIVE Blockchain Technologies Ltd (HIVE)

[Letgo]

rjunior79 QUESTION - please answer ASAP ( as I will buy now if you supply it), ---- is there evidence with a link that shows HIVE is listed as APART of this new Blockchain ETF??
I do not see it in the link you posted. Or are you implying that the mere result of an ETF will get investors aware of HIVE ??

[Imperial Whazoo]

Yeah, thats been on my radar too. That was one thing that originally impressed me about HVBTF. HIVE had early adopter status with me in Q4 of 2017. Not so much today, though.

Now about HIVE & ETFs.... or more precisely, Blockchain ETFs in general.

As I posted early on, Reality is doing their launch on the 18th of January. Nice news back then. After that, I did some more DD and came up with ProShares, VanEck, and Direxion that all planned to launch ETFs.

However, the ETF picture as regards Bitcoins is now troubling.

As of 1/9/18, the ProShares & the VanEck applications arenow withdrawn.
http://www.businessinsider.com/proshares-and-vaneck-are-withdrawing-their-requests-for-bitcoin-etfs-2018-1

OK, so that leaves the Direxion shares ETF. It too has been withdrawn.
https://www.sec.gov/Archives/edgar/data/1424958/000119312518006127/d511119daw.htm

So, now that the big boys in the ETF world all ran away like scalded cats, a caution flag has been sent up about the viability of Bitcoin based ETFs.

Today, both the CBOE & the CME have currently trading futures products. My view of the effect of futures trading is cynical. From what I can observe, the net effect of the futures contracts has been to dampen down the bitcoin prices. Frankly, that does not surprise me because futures, options, & ETFs are (IMHO) control mechanisms.

The big players in the fiat currency world see cryptos as a lethal enemy to their monopoly on the printing of money. They are mustering their lobbying power to work behind the scenes to get control of this threat. Its not "live and let live" as regards cryptos. To them, its "kill or be killed".

To break a wild mustang, you have to get a rope around its neck, a bit in its mouth, and a saddle on its back. With the appearance of futures on the CME & the CBOE, it looks like they have managed to get a rope around its neck. With the withdrawal of the big boys from their ETF plans, I'd say they are having a bit of trouble getting a bit in its mouth and a saddle on its back.

Today, this came out.
https://www.etftrends.com/senate-will-hold-bitcoin-hearing-in-february/

And from that article, I quote:

"Earlier this month, the SEC warned investors on the risks associated with cryptocurrencies."

Anyone want to hold their breath and turn blue waiting to see if the opinions of the SEC experts is going to be favorable to cryptocurrencies?

Anyone?

Anyone?

Beuller?

Beuller?

o:)

I used to work in a live stock auction. We'd get these gooseneck trailers in with cattle on them that were being sold to slaughterhouses. To get the best bid, you used hotshots to shock the livestock so that they could be paraded in front of Swift & Hormel and the like.

From the looks of things, I'd say the powers that be are mustering their collective power to destroy the threat posed to their hegemony by cryptos.

So, as regards HIVE in all of this?

If they had not spent 750K to pump their brand, I'd view them a lot more favorably. With the storm clouds gathering, I am winnowing down the list of companies that I think will do the best heading into the teeth of a hurricane that is being created to destroy the freedom cryptos represent. If HIVE is bona fide, it will survive. If the rich gize behind it are mostly interested in feathering their own nests, it will not.

Thats my view.

Hope this helps.

IW