Recent Buy – Hive Blockchain Technologies

And now…for something completely different 🙂

The world of blockchain and cryptocurrencies has caught my attention. I recently had two posts on this topic discussing my experience so far. As I mentioned earlier this week, I bought a small amount of cryptocurrencies (ETH and LTC) in order to get my feet wet. Since this is an emerging tech, its really hard to figure out who the winners and losers will be. Add the fact that companies are now built on an open source platform and in a completely decentralized way, that makes it harder to pick. To add to the complications, most companies in the space have resorted to having direct token sales and ICOs instead of going to the capital markets…this makes it even harder to get access to good equity unless you are willing to risk a lot more than usual. I have read some of the pitches from some companies raising funds via token and ICO sales — and they were complete nonsense. I wouldn’t touch such companies with a 10-ft pole.

Back to the point of this recent purchase. I initiated a position in a blockchain company. There are plenty to invest in if you go the token/ERC20/ICO route, but the number of companies available in the “traditional” capital markets are very limited.

Last week, I purchased 1,000 shares in Hive Blockchain Technologies Inc (HIVE.V) at CAD$1.08.

What does Hive Blockchain Technologies all about? Digital mining! It is almost fitting that I have investing so much of my capital in precious metal and base metal miners over the last year…why not digital miners? 🙂

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Blockchain – The Next Onslaught of Disruption

The hype of cryptocurrencies has almost reached fever-pitch as commentators see the meteoric rise of Bitcoin as a bubble. Whether it is a bubble or just the start of a new norm, is anyone’s guess. I can see it going both ways, but I have been intrigued enough to start researching it. It has been my focus over the summer, as I try to understand this new space.

While the cryptocurrencies get all the media attention, I have been drawn towards understanding the principles behind the technology itself — Blockchain, and my-oh-my, its a fascinating world! I work in the tech industry and as I learn more about blockchain, I am more excited about this space than anything in the recent past. There are hundreds, if not thousands of startups that are designing and developing this tech that is seeing rapid improvements. I have no doubt in my mind that the next Google or Amazon is being founded right now!

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