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Opinions Thomas George
HIVE Blockchain TechnologiesHIVE.VDON'T BUYJun 12, 2018
Thomas GeorgeUnknown
$1.02
Stock price when the opinion was issued
$4.10
As of May 11, 2026. Market Open.
0
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HOLD
Does not own stock of company, as unsure what cryptocurrency future is.
If crypto prices remain strong, will be good for company.
Hard to value company.
Jamie Murray No
0
RISKY
Higher risk. Recently pulled back, as have all speculative names. If you have a high risk tolerance, make it a core position and trade around that. If you have a long time horizon, you can buy and hold. Longer term, he sees increased adoption and higher bitcoin prices. Short term, share prices will move around a lot.
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Premium contentTOP PICK
The upshot: BITF, HUT and HIVE all outperform Bitcoin itself, but suffer more volatility than its base currency. The miners' fortunes are intrinsically tied to the fluctuations of Bitcoin. The main costs for these miners start with the capital costs (an army of supercomputers) and the real estate where they operate day and night. An ongoing cost is electricity, since these machines are energy hogs. ESG investors should investigate how much energy is derived from renewables.
As for where Bitcoin is going, that's like asking where gold is heading. Both are “safe haven” investments which rally when investors feel uncertain. Having this correlation seems to be breaking down as vaccinations are pointing to reopenings around the world and will fuel economic recovery. Will Bitcoin plunge again?
Buyer beware.
BUY
Blockchain ETFs? He loves block chain and has about 7% of his portfolio. He likes HIVE as they are a miner of block chain coins. Global integration is just getting going. The technology will benefit from the way global markets will go forward. Imagine if gold could have a tracking system for physical it would do wonders for the control of its movement. He thinks this will happen with block chain technology.
Jaime CarrascoOwned
0
PAST TOP PICK
(A Top Pick Apr 03/18, Down 42%) The world's biggest ethereum (cryptocurrency) miner. He's been increasing his position since December when the price was very low. Well-managed. He likes etherium and bitcoin. Blockchain is rebounding since December.
Jaime CarrascoOwned
0
PAST TOP PICK
(A Top Pick Jun 22/18, Down 31%) He still likes this. This is beautiful technology. They are actually a miner. His strategy is to have this at 2.5% of his portfolio, so has continually added as the price has come down. He has not lost faith in this, just thinks it is early.
Jaime CarrascoOwned
0
DON'T BUY
Bit Coin has found a value at the cost of production. Some people don't need to own an anonymous currency, but for others it is a good thing. He would not buy the stock, but he could see why one would buy the technology. Other blue chip tech companies will own the development of the technology whereas HIVE-X is speculation.
PAST TOP PICK
(Past Top Pick, April 3, 2017, Down 46%) This is a blockchain story--will the technology work? He believes it will because of its cost savings and disrupt the financial system that will go through a cleansing. So, which coins will work? HIVE is growing and have cash in the bank.
Jaime CarrascoOwned
0
He is bullish on crypto currency mining. What is coming down the road he calls proof-of-stake. He prefers HUT-X.