Preparing to buy lower $HIVE and some thoughts about my crypto thesis...
I keep developing my trading game thanks to knowledge I gradually develop while on Leo Finance. See this for context.
Actually it is more than knowledge, as calmness and eradicating FOMO are new qualities that I develop in this trading game.
I mean at least now I have a plan, afterall this is cryptothesis where I am developing my crypto thesis where buying up cheaper Hive is part of my overall thesis.
Coming back to buying up cheaper Hive in the internal market, since I am looking to buy Hive a bit lower than 25 cents, as I have shared in my last post, I had to convert more fiat into my account into HBD ready to fire the shot when the price is reached.
For that, I am adopting my home run approach which I detailed here. The aim is pretty much to save on the on-ramp costs, and then wait on the side with the converted HBD.
The current state of the price action as shown below suggests that there was a recent sudden spike, which would have been perfect for my home run strategy! If the sell order was activated on that spike.
Nevertheless, I still managed to get hold of the HBD I need by selling Hive manually in a way that my cost of on-ramp is net negative. So now I am ready to set up my buy order at 25 cents, or whatever price I think could materialise or reasonable.
Better still, the 25 cent buy order is there to capture the sudden downward wick if it happens. If it doesn't, I still have my HBD.
In fact, much of these thoughts and strategy are facilitated by the fact that I have spare cash to set these up. I wouldn't have learn it if not for developing these thoughts while writing on Leo Finance.
Including this insight about how the monetary system works basically due to money that is borrowed/transacted. I can say what I am doing has a lot to do with developing such insights over time.
P/S: This is not financial advice, and please do your own due diligence before investing.
**If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know.
We can form an alliance to support each other's growth.** You might be interested in this post, @thatkidsblack, @graciousvic, @peniel2010, @deflacion, @jacoalberts, @limonta, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
Posted Using LeoFinance Alpha
We might see hive coming back to 33 cents, but 25 cents will be a good price to pick up. I think the lowest if possible.
yeah, i have bets both ways. :)
The weekend will tell us alot about the future of market. Let's see 😉
I think this is the best time to buy and hodl
Of course you are doing well because this is a good and best time to buy it because last time it went down a little 24 cents and when it started to go up it went to 60 cents. It is good that you have managed things well on both sides.
Good luck. If you can catch the wick, then you can definitely take a lot of profit.
Yeah, it’s really about luck! !PIZZA
https://twitter.com/LovingGirlHive/status/1694635961160986841
$PIZZA slices delivered:
@cryptothesis(1/15) tipped @jfang003
Credits on keeping tabs and sharing. I didn't think it could go down to 25 cents which if it does would be a good time to invest.
that's right, i pretty much use my own Hive posts to keep track of things. Price especially.
My bet is on a worse market in September before coming back up in December.
That's such a mindful way of studying the price.
Keeping in mind that it may also not stay down for long it's better to opt in when it's around 0.26 or 0.25 like you mentioned.