Alright guys. I was trying to find a suitable cover photo for today's topic, apparently half the stock photos at pixabay has been recycled for donkey times. It's like every time when I see anyone making a topic of a confused traders trying to make an investment, I somehow saw that photos 16384 times already, or may be even 32768. Yes, I have CMOS bios ram checker values hard coded in my mind up to 65536 as my as my crypto journey started way back in 1988 when my cousin first brought us a "colour" monitor 8088 IBM a spoonful of 512kb ram, a black and white monochrome desk system playing pacman on a floppy disk. I must say, the interest of encryption and decryption started from there. Anyway, that's another story for some other day, some other time. Today's topic was about a failed speculation opportunity.
https://ecency.com/hive-141359/@davidke20/last-hurrah
This was it, about 2 months ago, I already have some indication and understood there will be a huge dip in November. I knew it's going to be a last opportunity to get out of the market, but I took the bait seeing the triple bounce at the support level. I bought with almost everything I have in hand at the level of 0.18, thinking of should I get anywhere near 0.24 before November, I will he able to make back a little bit and still have some balance to power up.
Welp, the shit is real. Whilst I'm absolutely know my charting skill, the only problem is my discipline. I know there's gonna be a dip and I'm still buying in at September "hoping" for a miracle spike before the drop, which didn't happen obviously. I knew I have planned the investment 2 months ago when I told myself if I didn't make money with that 1 last hurrah, I still have 6k hive in hand, which I can power up and benefit to the community. But I guess, I am just NOT ready to make another fail attempt at this point of time.
From now until next year, there's still a good month and a half. Not like I don't want to power up the entire 6k, if I do that right now, I could be making another silly investment by throwing away and opportunity. What if the market recover after new year? Power down will take 13 weeks, there's a chance of me sitting here waiting for the power down hive and witnessing the roller coaster of the crypto price going to the moon and taking a plunge back to earth or possibly worst headed to the lake of destiny.
Average buy in
Since I still have some HBD in hand, here's what am I going to do with my portfolio. That 6000hive, I am going to leave it as is. They will be sitting here not doing anything, but it will be in my hot wallet as a collateral. My next step is, I will continue to power up 20HP everyday, whilst buying another extra 20Hive with my HBD. That way, I will be sure to make 6k power up even without staking my entire 6k hive. Hive is a place that full of suspicion and espionage. The moment you hit the power down button, someone (probably the entire Hive) is looking at you. But when you power up 6k, nobody is going to say anything good about it except some witness come and ask you to give them a witness vote. My point is, I wanted to slowly and gradually increase my 6k stake. You still have my words of staking that 6k, so I can achieve 60k by next year, I am just going to do it differently.
I know I can do market limit but/sells. However, I remember there's this function called CONVERT. I don't exactly know the mechanism of how Hive will convert my HBD to Hive, but I remember back in the days when HBD below $1, I always use the convert buttong because Hive wallet will treat the HBD as $1 regardless of the current market price.
The first thing I did was, checked the internal market value to verify my current trade. If I am able to buy below current bid price, I will need to spend 2.038HBD to own 20Hive. That is considering if someone takes my bid.
What if I do a market buy at current ask price, which means I will have to spend 2.052 to fetch 20Hive. Now, this is a stark comparison for both transaction if I sell my HBD to the market. If I want it now, I will have to pay 0.014HBD more.
Since I am buying 20 hive daily anyways, I have an idea of using the convert function to find out if it ever will make me slightly more profitable under this circumstances when HBD is lower than a dollar.
So, here we go. 2.038HBD requested to convert Hive. What will happen 3.5 days later? I am planning to make this conversion for the coming week. I will try not to make it too spammy on my daily report, but if the finding is profitable, I guess it's about time to burn some HBD and grab some Hive and power up. Good for the Hive economy by throwing my HBD to null instead of trading for lower price Hive.
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