Bought some more HIVE and it's a good time to buy HBDs on Upbit...

avatar
(Edited)

With HIVE dropping to $.23 I figured it might be time to start dipping my toes back in...

Earlier today HIVE dropped all the way down to $.23 on Bittrex.

I didn't back up the truck just yet, but I figured it was time to start nibbling again...

image.png

(Source: https://wallet.hive.blog/@jrcornel/transfers)

Which is really the first time I started nibbling again on HIVE since it ran up to a dollar over a month ago.

As I mentioned, I didn't back the truck up just yet as I wouldn't be surprised to see HIVE go lower if BTC pulls back, which I think could happen over the coming days/weeks.

However, just in case it doesn't I figured now is a good time to start scooping up some HIVE again as it coming back to support levels on the HIVE/BTC chart.

It's a good time to be buying HBDs on Upbit...

If you have an Upbit account you have some interesting options right now with HBDs...

They are currently trading significantly lower than they are Bittrex:

(Source: https://coinmarketcap.com/currencies/hive-dollar/markets/)

Which means, one option would be to buy HBDs on Upbit and then transfer them over and sell em on Bittrex.

You would collect the spread, which in this case is roughly 8% or so before fees and slippage etc.

Another option would be to buy HBDs on Upbit and then send em over start a conversion on peakd.com, for HIVE.

At the current price that leaves roughly 14% profit potential in 3.5 days depending on what the price of HIVE does over the next 3.5 days.

Unfortunately, US based users are unable to participate on Upbit, but some of you out there may be able to take advantage.

Stay informed my friends.

-Doc



0
0
0.000
43 comments
avatar

Congratulations @jrcornel! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You are a buzzy bee and published a post every day of the week

You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @hivebuzz:

Introducing HiveBuzz Shop - Offer gifts with your favorite badges
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
avatar

Does the falling price of Hive can effect the profit of HBD conversion?

0
0
0.000
avatar

If You want to sell HIVE after - Yes, obviously. Look at BTC or USD prices too when converting.

0
0
0.000
avatar

It makes it more profitable to do the conversion with HIVE falling while you are doing the conversion, IE you would receive more HIVE when it finishes the conversion if HIVE drops. If HIVE goes up, you will receive less HIVE than you would have when you started. It calculates this based on the 3.5 day average price of HIVE once you start the conversion.

0
0
0.000
avatar

Hive is the most under rated bargain at the moment! As for Steem I dont know how it is still worth 1 cent! The time will come when it is a collectors item worth nothing

0
0
0.000
avatar

Yea it has been pretty surprising it hasn't cratered yet. My guess is that someone is supporting the price with plans to run it at a later date, but that is just me speculating.

0
0
0.000
avatar

it certainly is a great price to buy and hodl, but I think that it could go lower than it is right now so I'm waiting with some HBD from my posts and some USDT on Binance since Venezuelans can't use Bittrex anymore... Thanks for the advice on using Upbit, I will be searching for some info about it.

0
0
0.000
avatar

Yea check it out and see if you are able to use especially if you lost Bittrex as they are one of the only other exchanges with HBDs.

0
0
0.000
avatar

What's your price expectations?

0
0
0.000
avatar

Good question. I am hopeful that we are at or near lows. I expect BTC to go on a massive run over the next 18 months and I think we will an altcoin season or two along the way which I am hopeful includes HIVE. I am a buyer under $.20 at the current time.

0
0
0.000
avatar

Do you think in 3 months timeline, it will again reach to $.50-.70 level?

0
0
0.000
avatar

I can't say. But, I think that within the next 18 months though at some point HIVE will have been higher than those numbers...

0
0
0.000
avatar

Does Upbit require a Korean id?

0
0
0.000
avatar

I am assuming so, though I can't say for sure. Being in the US it would not let me create an account.

0
0
0.000
avatar

i was just thinking about doing the same....nibbling a bit and then taking a giant bite if it goes lower

0
0
0.000
avatar

Yep, exactly. A break below $.20 would probably be my cue to start loading the boat.

0
0
0.000
avatar

Sounds like good advice, but honestly, I'd just like to know how to use Esteem!

0
0
0.000
avatar

I haven't tried it, so couldn't really help much there.

0
0
0.000
avatar

Thanks for your advice
But I didn’t get upvotes 😭 so I don’t have hive or HBD nothing

0
0
0.000
avatar

Thanks..please upvote my post also..and I hope if you visit my post you will like this

0
0
0.000
avatar

Looks like you have a couple votes now. :)

0
0
0.000
avatar

Yeap @jrcornel
Thanks a lot..
I am beginner so if you please help me by upvoting in my posts I will be grateful to you

0
0
0.000
avatar

HIVE still in downtrend. We can buy lower for sure.

0
0
0.000
avatar

I wouldn't put that "for sure" at the end, but the previous price action doesn't inspire a lot of confidence for a change in direction. The funny thing about bottoms though are that you often don't know you are at one until after it happens. :)

0
0
0.000
avatar

is upbit with or without kyc?

0
0
0.000
avatar

I am assuming KYC, but I can't say for sure.

0
0
0.000
avatar

It pains me bittex is no longer supported in my jurisdiction

0
0
0.000
avatar

Really? Where and when did that happen?

0
0
0.000
avatar

Ghana. They have disabled support for Ghana

0
0
0.000
avatar

Dang... when did this happen? There is a Bittrex Global, no?

0
0
0.000
avatar

@jcoronel, excelente información,voy a husmear y ver esa info que mencionaste a ver s puedo hacer alguna diferencia. Muchas gracias.

0
0
0.000