Profit in Hive
Hive recently hit 42 cents and well, I converted my stash to HBD. I had a total of 830 liquid hive that I swapped for a bit over $370 worth of HBD.
Now that the value of Hive has dropped, I'm contemplating swapping HBD back to Hive. If I rinse and repeat this process over the next few years, I'd have a lot more Hive in my collection.
I'm actually not too pressed about making gains in dollars. Truth is, dollar isn't going anywhere but Hive will in fact go places.
Based on the value of Hive right now, I'd be making around 130 hive profit. In the same way I waited out the pump and sold close to the top, I'll calm my nerves and try to buy at the bottom to maximize my hive gains.
I'm not much of a trader, so employing this very simple approach actually works in for me.
I also intend to buy a few hundred more hive in the coming weeks. We've got some expenses to sort out in the family and once that's been handled, I'll start working towards increasing my Hive collection.
Yes bro, you are right about it, Hive will go places, 130 profit of Hive lf you decide to convert the HBD ls a lot of gain, congratulations 🎉
Damn that is actually a great idea with these zero transfer fees.... today already you are in serioua profit in hive!
Yeah this is a very nice strategy.
This is basically spot trading, buying low and selling high.
I have also realised that one gets more hive quantity when swapping hbd whole the price of hive is low.
So the strategy is to watch out to swap when low and sell when high.
Thanks for sharing