BRO Price Explosion - Slight Alteration to Our Hive-Engine Hodl Plan
Well I was just checking on all of the tokens I was aiming to start hodling on Saturday and noticed that the price of BRO has gone through the roof. I believe the BRO team said they were planning on selling 20,000 BRO and I'm guessing that they hit that mark and now the buy price of BRO has jumped from 2 HIVE up to 3.95 HIVE, yikes. I believe the team also said that any future BRO sales by them would start at 3 HIVE to give early adopters a little bit of a bonus.
With the large price increase I think I'm going to drop BRO from our token list on the Hive-Engine hodl project. I'm still hodling a decent stack of BRO on another project so I think that's where I will stay for the project right now.
So that means we now need to look at replacing BRO with another project or token on hive-engine. The first two tokens that are springing to mind are ARCHONM and WORKERBEE. This would give us two growth tokens and two miners plus the dCity project. This could be a nice balance and also a bit of competition between mining and growth tokens.
My second consideration is having a second dCity with a different focus/strategy. I've been playing around with a spreadsheet I made and came up with a really terrible idea for a city that would somehow be reasonably profitable. I'm super addicted to dCity at the moment so I kind of want to test out a few small city ideas at some point and this project would be a simple gateway for that.
Then again I could just do both ideas, which would give us two projects from each category, I think I like that approach. That would make the plan for hodling SPI, M, LEOMM, WORKERBEE, and 2 separate dCities. We'd check in on the projects once a week, compound any profits and report on where we are at.
I won't be starting until Saturday so I'm still open for any suggestions on hodl projects!
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It is always fun to watch what happens to pricing when a token is sold out by a project and the open market takes over.
Good projects will explode like BRO did. There is a lot of excitement being generated around that project.
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I'm a big fan and look forward to seeing what they can do with the project. I'm just not fully convinced about buying the tokens for double the price now.
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Really cool to see new business models evolving with H-E tokens. First, it was SPI and now BRO. IO think that's a new way to go.
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As someone who might not get one everyday, projects like SPI really intrigue me and make me feel like I want to invest more in Hive and H-E.
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Great things happening around HIVE of late. It's interesting to see BRO's pump. I hope it sustains.
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I'll be watching that price, I feel like it will come back down a bit but definitely think BRO is worth more than the 2 Hive it was selling at.
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Just bide your time. I'm sure you don't have to make a call one way or the other immediately. Just leave some of your cash reserves open to invest later if price gives a pullback.
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I'm planning on doing small weekly purchases on a few projects. I want to track and show what sort of growth and earnings we can get on Hive Engine and with all the great projects around Hive.
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