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RE: Price of Hive: Buy Zone

in OCD4 years ago

Congratulations on winning 25 Hive.

Over the weekend I adjusted my buy orders heavily I'm sitting happy at around 5600 HP, but have a few schemes to getbpast where I was before the split.

I'm still powering down Steem. =)

The last time I bought Hive at this level, that sudden drop happened. It made me scared. Fortunately, I was able to sell some of it when the more sudden spike happened a few weeks later to cost average down a fair bit!

I think June will be the last wildly unpredictable month. Then everyone should have their 13 weeks done starting July.

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Thank you.

But I am sure I got to buy the beer for Ash as I owed him many :)

Personally I don’t worry about price. It goes up and it goes down. It has limited impact on my actions.

That 25 hive will probably be worth a few beers sooner or later.

The only reason I'm concerned about price now is because I took a gamble that I could sell some Hive and buy some Hive to dollar cost down. I guess a lot of people who just got their Steem or Hive from blogging would be selling and trading for the first time.

When the split happened I wanted to sell my Steem to get my investment back from that so the real cost of my Hive would be 0. I've almost reached that goal, too.

I'm now in a weird position of having a negative cost average, but I have buy orders. Unless something happens really quick and stops fail, I will do well. If not I will be stuck with BTC which is not so bad.