Nine days ago, I posted that HIVE Danced Near the $0.50 line and then rebounded nicely.
I have my first buy point at $0.486 on Bittrex and so the trigger was pulled yesterday, September 18.
Chart from CoinGecko.
I have a second buy point at $0.42. I don't think we will see that happen, but it might. When reviewing the 14 day chart, there was a steady incline to the mid $0.55s which held, until the sudden drop yesterday.
The correlation of Hive price is often in relation to Bitcoin.
The pattern is very similar, but Hive tends to have a little less volatility. Hive doesn't rocket as quickly or drop as deeply.
I have two strategies for Hive. One is buy and hold internally. This allows me to support the community and help others through curation. Also, my internal holdings is beneficial because I am stacking Leo now. Curation is paying returns in two coins!
My second strategy is trading on an external market. My buy points are below $0.50 with sell points higher than $0.75. August was my first month of following this strategy and it worked out well. We will see how September performs.
What are your strategies and best successes in Hive investing?
I appreciate feedback. Are there any flaws in my strategies?
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sounds similar to my strategy. Trading the HBD stable coin against my HIVE to maximize the stacking
I am doing that internally as well. The only reason I use the external market is so that I can keep my internal Hive powered up most of the time. Thanks for the reply! !beer
I power up what I can and trade the rest to hopefully power up more. I am not selling out as I want to keep building within in the ecosystem
It another buying opportunity before the year-end
I agree. Hive tends to drop and rebound every quarter. !Beer Thanks for the reply!
You're welcome
Again Hive coin down very sad news
I think of it as a buying opportunity. Hive is down so I want to buy. I expect that Hive will rebound and then I will sell at a profit. Of course, this is my external trading activity. Internally, I am stacking Hive as HP and HBD. I will convert my HBD today to Hive since I think it is a good buy. !Beer Thanks for the comment!
You are right
Already stacked some more and hopefully ready for the next dip or pump!
I think Hive has a strong upside. So buying on these dips is very important. !Beer and thanks for a great comment. Best of Success for your investments.
Ok, Thanks for the fast news... 👋 Checking it on CG and CMC... ok welp... 😅I need to re-calculate my strategy... 🤔 With a downward approach... I think it's best to use $0.45 from now on until it can come back to a balanced price above $0.5 again🤔
My next buy point is $0.42. I have a larger buy scheduled at that price than I did at $0.48. I am long term bullish on Hive.
I see... Well, for me the price is just for measurement of how many days to get 10 USDT (minimum trading in binance)🤔. I don't have any buy schedule as I just increase my hive through hive too, but a small amount of my income in the hive will go to the real world (around 1%). 👍
Good luck on your buy schedule 👍
Time to buy hive and thank you later
sounds about right :)
I agree and I have another buy point at $0.42, if HIVE goes that way.
good info and analysis
Thanks !BEER for you.
I strongly believe hive will still hit $1
I think Hive will hit $10 in the next big bull run. Sadly, I think it will be five years or more until our next big bull run. Crypto markets have never been tested in macro bear markets. Bitcoin was launched in 2009 and stock markets have done nothing but pump since then. Now with worldwide financial pandemonium, I think crypto will tank bad until the global storm is over.
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It's been there before. We will probably see it again but Bitcoin will need to gain strong support. Hive's user base is not growing exponentially. Until the number of users is increasing substantially, Hive will have serious headwinds. That said, I am long term bullish on Hive. It's by far, the best crypto for long term investment.
That's what the Crypto price showcases the increase and downfall of prices but as it is the buying at this moment will definitely be the best choice.
I agree. And Hive is owned by a community that tends to HODL instead of flood the external market during a dip.
Man, if I had any disposable income, I'd be spending it on adding to my Hive stack. Sadly, inflation is eating up every penny I can make, it all goes to groceries right now.
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I put together a decent year in real estate sales so far. I am putting any extra commission in Hive and Splinterlands. Inflation is hurting, but the Fed's about to sink the real estate market. Mortgage rates will be above 7% by the spring. That will cool the economy a good bit which will get inflation down below 4%. The bad news is, all of those things that went up in price are going to stay at those higher levels even if the rate of inflation slows.
Yep. I'm a truck driver, and wages have been inflating too, which is nice, but wages don't inflate as fast as groceries do so we're all losing ground. Plus, taxes. Ugh.
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I like your way of operating it is very good, especially when making profits in two different currencies, I have already experienced this in the past and I know how lucrative it is.
Right now I have more than 1000 Hive in an exchange, with my sell order over $0.80, the truth is I'm more of a long-term operator xd
I have my sell order at $0.75 in the exchange. Hive hit that number in August, so I sold then and now I am repurchasing at <$0.50. Hopefully, the trend will continue and Hive will be back up in a few weeks. I think you will see a good profit at $0.80 soon also.
Hahaha well, let's hope Hive beats those numbers and we get some nice profits!