Hive ecosystem is not only limited to blogging but here you have many choices for earning. The best way which I like is trading either its internal market or #hive-engine token trading. This is the best way to increase the quantity of your coin and token. As I told you I have made a trading bot on Binance and there taking trades in 30 coins is not a difficult task.
You only have to type a command and click and all trades will open instantly. To know more about bot trading and the strategy I work on, read my previous content. It will be very helpful and informative. Also there are 2 bots which is available for selling.
With the same strategy in mind I am now trading tokens on #Hive-Engine. My 4 best tokens till now which are in my watchlist and where my investment is running are Colony, Script, HBD and HIVE. These are the tokens in which I regularly invest and also do short term (Intraday) trading.
Before this I was increasing my investment in LP 9Liquidity pool) but after a lot of research and thinking I removed my investment from LP and now I am properly trading these tokens.
My strategy is very simple. I keep checking support and resistance. Whenever any token reaches its support level I start buying it and the token that is at its resistance I sell it. This is like token rotation trading where I keep converting tokens into each other.
Till now my trading is running in Helios. The good thing is that its volume is high which allows me to trade easily. My base token is Hive but now I am thinking to convert my base token to HBD which will give the benefit of a real stable coin.
Why did I choose token rotation on Hive-Engine?
As I said my goals are long term and I want to achieve them very soon. The targets I have set are accumulate 20K HP, 100K Colony, 100 Script and 100 HBD. I have already done a lot of buying and have achieved around 33% of my targets.
Since my mindset is long term investment I will keep investing in these tokens without hesitation and at the same time focus on token rotation. Staying invested in any of these 4 tokens is good for me. I will try to stay equally invested in all four.
Till now trading in Hive, Helios, and HBD is going very well. Volume is high and transactions are happening easily. But Colony and Script have a volume issue which is almost zero. Because of this rotating them becomes difficult. The plan for these two tokens is to only invest until the volume increases.
What benefit will I get from this token rotation? The real point is benefit. No matter what the value is rotation increases the quantity of tokens which gives long term benefit. Now I will try to add more tokens to my watchlist which have high volume and I will continue this practice.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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Thank you for sharing your goals,I admire how you analyze the token rotation and your focus on HIVE,HBD, SCRIPT and COLONY.
I for one use SCRIPT and COLONY for my arcade colony games.Thank you one again 👍
You are welcome. I am trying my best to give rotation and increase my quantity.