It’s time to get in at a great price – and there’s a low-risk, high-reward potential way to do it right now. For months, ever since I alerted that cryptocurrencies have peaked and that we’re looking for a 50%-80% smash to come (this was back in February), I’ve been waiting for signs of a bottom.
There are plenty of facts to back up the case for an imminent crypto rebound. If you had gotten into cryptocurrencies when we started alerting on them, you would still be way, way up in your position – even with the 2018 crypto correction factored into the equation.
Cryptocurrencies have a history of crashes and recoveries just like other asset classes, but on an accelerated timeline. You’re getting all of the ups and downs that you’d expect to see in any investment class (stocks, real estate, commodities, etc.), except it’s moving at a faster pace.
Bitcoin is considered the “mothership” of cryptocurrencies. Looking back at the price action of BTC over the long-term, we can see that Bitcoin has staged numerous full recoveries from corrections – at least 11 prior to the current one:
Courtesy: Pension Partners, Charlie Bilello
Without exception, BTC recovered all losses from past corrections and then reached new all-time highs, handsomely rewarding patient and level-headed investors. Even if the current decline were to exceed -80%, Bitcoin historians can cite multiple times where the price has staged a full recovery from a drop of that magnitude.
Other major cryptocurrencies, including Ethereum, have experienced corrections and recoveries largely in tandem with Bitcoin. Future Money Trends views price drops as reasons to buy, not sell, when the asset has a groundbreaking and game-changing technology attached to it. The blockchain fits this description perfectly: immutable digital ledger technology is now part of the fabric of the global economy and is here to stay.
Besides, cryptocurrency and the blockchain are still in the early stages of their evolution. From currency to utility token and security token, the blockchain is successfully moving through the early and most challenging phases of the adoption lifecycle that all successful disruptive technologies must undergo:
Courtesy: HIVE Blockchain Technologies Ltd. Investor Presentat
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Again, crypto moves at an accelerated pace, so it won’t be long before massive-scale adoption kicks in. To fully capitalize on the imminent recovery and prosperity in crypto and the blockchain, we’re taking a long position in HIVE Blockchain Technologies Ltd. (TSXV: HIVE, OTC: HVBTF).
We really like this company because they have an exclusive partnership with industry leader Genesis Mining, thus offering HIVE shareholders pure-play access to the blockchain and cryptocurrencies. Moreover, HIVE and Genesis Mining operate in jurisdictions with a cold climate, low power costs, and fast Internet connectivity for maximum throughput and outsized profit potential:
Courtesy: HIVE Blockchain Technologies Ltd. Investor Presentation
HIVE just released their earnings results for the quarter ending September 30. Frank Holmes, HIVE’s Interim Executive Chairman, noted that the results mark the company’s first full year as a publicly-listed company and that HIVE generated income of $6.5 million with a gross mining margin of $1.9 million.
The figures provided during the earnings announcement were truly impressive, with 19,569 Ethereum newly minted during the second quarter, as compared to first quarter production of 17,555 Ethereum, representing an increase of 11% for the quarter.
Not only that, but HIVE announced their earned income of $30.3 million from digital mining on the deployment of $82.3 million of capital since the company’s launch of operations in September of 2017.
Darcy Daubaras, HIVE’s Chief Financial Officer, shed some light on the company’s very strong financial position: “Our cash on hand at September 30, 2018, was $12.5 million and digital currencies were $11.2 million, resulting in total current assets of $25.7 million with low cash burn.”
Courtesy: HIVE Blockchain Technologies Ltd. Investor Presentation
The outlook remains extremely bullish for HIVE, as the company is expanding its cryptocurrency repertoire. As Frank Holmes explains: “We continue to accumulate Ethereum and Ethereum Classic and we recently began adding Bitcoin to our coin inventory. We’re entering a phase that we call HIVE 2.0 as we have successfully deployed significant infrastructure in the timeframe and costs that we expected.”
I completely agree with Frank Holmes’ assessment of the company’s present and future prospects for growth and strong revenues. Going forward, HIVE remains on the forefront of cryptocurrency and blockchain as a revolutionary technology.
Poised for progress and priced to perfection, HIVE is our pure-play recommendation for the tremendous upside the world will soon witness in blockchain and cryptocurrencies. It’s time to buy while prices are still low – given all the evidence we don’t see the bargains lasting much longer.
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Projections relating to gross mining margins outlined above are subject to the assumptions set out therein, including future cryptocurrency prices, which are based upon management’s best estimates but are inherently speculative and there is no guarantee that such assumptions or estimates will prove to be correct.
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We are long HIVE Blockchain Technologies and have received options directly from the company and have been paid two hundred and fifty thousand Canadian dollars for three years of digital marketing paid for directly by the company. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com