Today morning when I woke up, I noticed the entire crypto market was down. It was not very motivating. I have the habit of checking the market regularly through the Coingecko application on my mobile device. Suddenly when I was checking it a few hours back, I noticed that the price was around 15% up. I was outside at that time and was not near my laptop. I personally feel it is good because I did not sell my Hive holdings. Later the price even went to 60 cents.
The price was around 60 cents, I missed the opportunity to sell again. Some people even told me that I should be greedy and wait for Hive to reach 1$. I was looking for short-term trading and 60 cents was definitely a good price. Within another few minutes, the price was back to 54 cents. I missed a huge trading opportunity there. I bought some Hive for around 50 cents last week and a few weeks back. I was waiting for this opportunity for Hive to pump. I'm unfortunate that I did not make use of the opportunity properly.
But I think it is okay because opportunities like these happen again on Hive. There is a high chance that Hive can pump back to 60 cents again. I had placed a sell order at 65 cents and I noticed that it was not filled. Maybe I should have set the sell order to 60 cents. But yeah no hard feelings. Let's talk about why Hive is pumping.
My wild guess here is that it is the regular pump that happens during the first week of the month. Last time it did not happen but two months before that it happened continuously for two months. I don't know if it was Koreans or not but the price had a huge pump and many people made use of that opportunity. There is also thought that Hard Fork is also another main reason for the pump. Maybe people are excited about the Hard Fork and are purchasing Hive. This is just a theory and I don't think this can be the primary reason but if that was going to be the reason, I'm glad that Hard Fork is bringing some good traffic to Hive.
The price of Hive has gone down. It is around 55 cents at the time of writing this article. I still think it is still a good price to book my profits. The reason is that there is a high possibility for it to get back to 49 cents again or 1$. If it goes back to 49 cents again, I might get another opportunity to purchase Hive again. But if it goes to 1 dollar, I should be glad that I could book some profit no matter the price. I might be able to sell more Hive if that happens.
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I also missed the opportunity to sell as I did buy some at 0.49 but right now current market price is 0.50 which is insignificant to me.
So I will just wait. If there is more downside I will buy more.
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Time to Dollar Cost Average 😌 😴 😪
0.69 was a few hours ago. And I have a question. Why Binance bots are pumping it? from 200k usdt to 19M in a day? how it's happened?
The usual pump and then drift back down.
I almost missed the pump too. Good thing I browsed and checked LeoThreads before going to sleep.
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I think, you should set that to 70 cents, because I feel, if it went up, then its highly likely that it will go up further very soon.
I could sell very small amount around $0.6. Honestly this is a good price feed until we reach $1
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We will see where we stabilize, we've been on the 48-60c over the past few months, bleeding very little compared to other projects but, we still need to wait for the bulls to see the price of hive really spike.
Great post and congrats on getting a decentralized curation vote this past week, keep this kind of posts coming.
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Hive and Leo provide users who can't invest in crypto, the opportunity to stack some tokens by investing their time and putting in the effort to create long-lasting relationships.
Hive as a blockchain has the potential to kill most web2 platforms, the question is not if, it is when.
Great post and congrats on getting a decentralized curation vote this past week, keep this kind of posts coming.
LeoFinance has two initiatives you may be interested in:
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