How Dollar Cost Averaging (DCA) with Hive Can Work for You
Dollar cost averaging with Hive is becoming my main part of trading. Since DCA comes with it's benefits with less risk that I found more suitable and want to share that new DCA strategy of mine here.
Dollar Cost Average with Hive
It took me some time to make a DCA strategy with Hive that could work with Increasing $HBD Savings, HP and cutting expenses when needed at the same time.
So, firstly I have set my payout to This
Keeping one thing in mind that I won't power down HP and with 50% HBD I'll do Dollar cost Average (DCA), increase HP doing power up and also for expenses of real life at same time that's why I have set my payout to this 50/50%.
The Art of DCA
Before this pump happened I bought Hive at $0.42 to downwards at $0.35 was lowest in parts.
It require Patience to hold after you buy with DCA it takes time. I did powered up couple days back and Hive finally pumped last night. So, I sold like 57 Hive at $0.4824 something into $HBD.
Next thing is to Repurchase
Now some of $HBD will Go into savings and will HODL some to Buy hive again in the range of $0.4.
After buying hive again next thing is powering up some and the cycle repeats if thing's goes well.
It is kinda helping to increase few Hive and getting to know more about Hive price action through this process.
Wrapping up...
Lastly, hive is a smart investment in a way like you know if not DCA than there's countless more options to let Hive work by increasing HP or HBD savings and other ways.
More possibilities of diversifying in a ecosystem. For me with little amount when I've liquid assets DCA works fine and helping to reach my Goals.
In the end do let me know if you've ever did DCA with Hive and from how long in comments.
Posted Using LeoFinance Beta
How about setting a trading bot? It's easier than you think. Technology became too advanced and cheeper.
I knew about trading bots but not into coding so have no idea how to make one.....had no idea this bot exist on hive. How it works tho.. any helpful tutorial to setup this?
It's a free bot available for everyone by hive engine time.
Free in a sense is one time fee. Will write a post to href if someone asks next time.
100 bee registration
100 bee for premium
(gone)
1000 staked in your wallet for premium to work
200 bee additional stake for each pair u wanna trade in (for example, I trade 3 pairs. Currently lgn, btc, hbd so a total of 1600 bee staked)
(Yours u can unstake when u wanna stop bot + curation rewards in bee on #tribes or #hive-engine tag)
Website is dswap.trade
Market marker top of the shelf startegy.
(Note website have bugs or lags. If you already paid and it shows to pay for again then just reload the page. Otherwise a slight chance that it will cut amount again and u have to go through a process to claim it back which can be avoided by being careful).
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I agree that the dollar cost average is the key to building a portfolio on Hive Blockchain. I am sure you are buying hive-engine tokens too.
My income is too low at the moment to pour in cash.
Thank you for this oftentimes ignored lesson in Cryptocurrency.
Regards
For now I've not bought any hive-engine tokens but adding some Tokens with Good concept on my list to buy at some point in future.
Man, Keep Going you're doing Good and hard work will pay off. Wish you best of luck and more blessings!.
Glad to share it. Thank you for stopping by.
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Thanks
!PIZZA
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You are doing smart work. Through this process, you can maximize your profit. I have few assets on this platform and for that reason, It seems difficult for me but I am doing it in the Binance exchanger and it bring profit in each time for me till now.
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