A few days ago, I noticed a mild spike in the price of Hive and saw an opportunity for some coin flipping between Hive and HBD. The price of Hive had increased by 4 cents, which at the time seemed like it might not last, so I decided to sell 10K Hive on the internal market with the intention of buying it back at a lower price. Fortunately, I managed to do so. In the process, I grew my 10K Hive to 10.448K, which is a good gain in just a few days. For me, a 3% to 4% gain is solid since it would take months to power-up that amount of liquid Hive and use it for curation.
That said, there’s a risk involved with this kind of trading—what if the price of Hive keeps rising, preventing me from taking advantage of a higher price? Well, I got lucky with this trade, so I don't have to worry about that for now—unless I decide to trade again.
Will I trade again? I'm not sure yet, so for now, I'll be observing the price movement in the coming days.
Given the current uncertainty in the crypto space, it’s not easy to predict what will happen next. Some say we haven't yet seen the peak of this bull market, while others are already claiming that the bear market has begun. There are even some who argue that there won’t be an altcoin season, which is unfortunate compared to previous cycles. Regardless of what happens, the most important thing is your growth in the crypto project you're participating in.
In this case, that would be Hive. A good measure of growth on this platform is Hive Power. It's something that everyone can verify publicly, making it the basis of one’s stake in the platform—it’s literally your ownership in the chain.
Hive Power is a token with multiple functions, and it can be utilized in various strategies for growth on the platform. The most obvious use is for curation, which in turn helps your account become more recognizable by others. This is also the most straightforward way to earn the community's trust. These reasons alone make Hive Power an important aspect of one’s investment in the platform.
That’s why I’ve decided to keep part of my Hive as Hive Power. I feel that I have enough liquid Hive for arbitrage trading, so I want to focus more on rebuilding my Hive Power by curating and creating posts as well. Consistent activity on the platform should be the goal in order to keep growing.
Engagement! That’s the key to growth. I’ve personally proven this since I became more consistent with my activity last year. I’m still engaging regularly, especially with the Hivers who comment on my posts. In addition to upvoting their comments, I make sure to respond with meaningful replies.
Despite all the uncertainties in the crypto space, I’m grateful for projects like Hive that continually motivate us to grow. Regardless of Hive’s market cap, development continues at a steady pace, and there are always new things for us to test and utilize. Hive is a community of builders!
No matter how the market moves, staying active and engaged on Hive remains the best way to grow. Whether through curation, content creation, or strategic trading, every step contributes to building a stronger presence on the platform. As long as development continues and the community thrives, Hive will always be a place of opportunity.
You're absolutely right—whether through trading or active participation, Hive offers many opportunities for growth.
Thanks!
You're also doing great with your engagement and consistent content creation. Keep it up
I think that trading is like gambling and I am trying to get away from that because sooner or later I end up losing. Also I think that I am more a holder and less a trader. With that being said you did well on your trade so congrats!
You're right about the gambling part 😁.
In my mind, if in case that I trade Hive to HBD too soon that I miss the high price then I will simply stake HBD for the 15% interest.
But of course, the "unrealized profit" from the potential high prices of Hive will still be frustrating for sure. 😆
Way to go, congrats on your big earnings bro
Thanks man!
I'm getting interested in the trading part too. Don't wanna do that too much but if I manage to earn some money from trading now and then and use it to sustain my music career, it would be awesome
I also like to fantasize that Hive can be a viable source of income for me in the future, just like how the Web2 people earn from mainstream social apps. Hopefully it will happen within the next 5 years hehe
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