Guess who got REKT in HIVE price pump?

We are all, in general, happy that HIVE is going up. It is in price discovery territory, we have been beating all-time highs on a daily basis, but not everyone is happy.

Anyone that happened to be unlucky enough to have sold HIVE (token) as close as a few weeks ago should be very very unhappy.

I say so for myself! I did convert some HIVE into HBD a few months ago!

image.png

I am fully committed to HIVE, going as far as running a witness server 24/7 and renewing it early, but that was a reasonable decision because HIVE, every since it was STEEM, had the weird behavior to go up in spikes and then proceed to drop sharply.

It has always worked well for me to buy the dumps and sell the pumps to accumulate more HIVE, that is how I managed to get in at $0.20. But this time we are pumping and pumping and pumping...

At the first spikes, I did convert a few HIVE to HBD hoping to be able to convert back when the drop happen, but it never happened! We just kept going higher and higher!

I am lucky that I sold a very very portion of HIVE! I would be kicking myself if I had sold more!

Right now I sincerely have no idea what should I do to accumulate more HIVE. My instincts tell me to sell a little bit and buy more at a cheaper price, but I don't want to risk buying higher. At the same time I can't convince myself to buy at these prices, it is 10x more expensive than when I bought the biggest chunk of HIVE!

The future is bright for HIVE. I just need to get used to the new price levels so I can be comfortable buying more. It is weird seeing us at $2, but I could get used to that. Other than that, nothing to complain about! We are set up nicely to a great 2022.



0
0
0.000
3 comments
avatar

Yeah, I avoid getting into such schemes because I simply don't know when to enter and exit the market. Before the pump I had 3,000 HIVE which I converted to HBD and BEE and added them on the TribalDex LP. At a first glance I am -3,000 USD and probably that might move higher, but on the other hand I will be holding long in the LP and grow my earning from there. Nevertheless, we make decisions and need to stand by them and learn from past experiences.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I was getting it right at first, selling high and buying back low, and that was the problem! This kind of stuff "works until it doesn't". Luckily the biggest chunk of my HIVE was untouched and I left it as HP, but since the more the better, I can't stop thinking about all the time I sold HIVE and how I missed out. That is one of the reasons I am quitting trading. In for the long term!

0
0
0.000
avatar

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

You received more than 25000 upvotes.
Your next target is to reach 30000 upvotes.

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

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from Day 21
0
0
0.000