Buying more Hive?. What are you doing with the recurring short Hive pump..

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Recently the short hive pumps has often come like a thief in the night.
It might be the day time in your own location but consecutively for us in this part of the world I have often woken up to mid night pump and all.

This was also repeated yesterday as we witnessed hive jump from about $0.4 cent and almost hitting half a dollar.
And just like it became a habit for me to constantly check in at the process often and often even at night when I awakes.

In the previous hive pump I have sold some hive when it got above the $0.6cent price and was lucky enough to buy it back at half the price.
It was my first time of trying out a day trade which I did with a very little amount of hive.
The profit wasn't so pronounced or significant but I did learn a lesson about day trade and all the stress involves.

If indeed you have some urgent needs, the shirt pumps might just be beneficial with an advantage of addicting extra funds to your traded tokens when you are lucky to sell at the peak of such pumps but if I feel its best for me to save and invest my hive tokens for the proper and better trading time instead of gambling around with it.

So for yesterday hive stood at exactly half a dollar from the coming from below the 4cent priced, it wasn't such a big leap upward. Today the price is back right $0.41 cents.
Some short pumps comes with some hive difference between the lowest and highest price obtained and for these some have been lucky.
We are still in the bear market and buying more hive at even the $0.6 cent value wouldn't hurt. And if you are in for a long term HODling staking more hive at even a dollar and above price is still worth it.

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I've been on the chain since day one and I've only tried this type of trade once lol. I always think about it but never do it.

When you trade where and what do you do? I mean do you trade just from Hive to HBD and back or do you use an exchange or defi?

I always say that I want to have the perfect plan in place just in case of a pump but I find myself very unprepared.

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I have only done it once too. The next time I kept thinking about it until it was no longer feasible.

I trade Hive to USD and then back. Just a simple trade.

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you can actually prepare for it. The South Koreans almost always pump it at 00:00 UTC time. Frustrating, but as long as the trend is upwards...

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I wasn't aware of the Hive pump while it was happening. I was aware of the aftermath when I logged in and saw the dollar amount of my account inflated a bit. I did tried trading the swing in prices twice but they were both small amounts.

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I can imagine how small those amounts were indeed.

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I'm waiting for it to go down to $0.25, but I'm starting to lose hope that it will go down to that level !LUV

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Well I cant bet on that too but I really don't wish to see hive in that level even if I wish to buy and stake more.

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we will see what happens, some say that some sales will start in a while, but it is difficult to predict the market !BEER

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Awesome analysis. I have to agree with you. I may not have at first. But your post makes total sense to me.

Thank you

!BBH

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I'm mostly hopeful that each of these recurring pumps will gradually raise the price of Hive, even if just by $0.02 per cycle, it would end up being a net benefit.

Time will tell!

=^..^=

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