Actually scratch that:
Don't buy Hive.
DEFEND Hive.
Do not place market orders.
Set limit orders to buy at 44.4 cents.
The 200 day moving average is stronk.
So yesterday I was telling everyone to buy for various reasons, and those reasons have become even more compounded today. For one, the MA(200) has held even though yesterday it looked like it was going to crack. Price is still being defended at 44.4 cents, and this is a good level to defend. Like I've always maintained, I personally value Hive at least around 80 cents, so this is still a huge discount even though we were just recently at 25 cents. Those bottoms come and go quite fast, don't they?
The lazy-panda account is going hard.
They are now the top HBD holder by far, and if I'm being honest I'm surprised this type of action didn't happen the second witnesses shifted the yield on HBD to a whopping 20%. With a 5% debt ratio, HBD is the best deal in all of crypto, and nobody seems to realize it... nobody but lazy-panda at least.
https://peakd.com/hbd/@lazy-panda/re-dalzshorts-rpo9ny
My prime target to stake 1.2M... maybe $4M
LOL HWAT?!?
Yeah you heard him, folks. Lazy-Panda declaring permanent HBD buying for potentially weeks or months. Before reading this comment I had already noticed that the stabilizer had run out of HBD and the price was being driven up. Now we know why. If this declaration is to be trusted Hive is basically guaranteed to go up from here as more and more Hive get converted into HBD to create the supply needed to match such demands.
Earlier today I was able to place a limit order to buy Hive at 42.1 "cents" and it got 100% filled pretty quickly (around $950 worth).
What this implies is not that Hive was worth 42.1 cents
The real variable is how much HBD is worth. So because we know that Hive can be sold on Binance (huge liquidity pool; bigger liquidity pool wins) for 44.4 cents, the fact that I could buy on the internal market for 42.1 cents means that the value of HBD is 44.4/42.1 or around $1.055, which is also confirmed by aggregators like coingecko.com. It's not an accident that HBD is worth just slightly more than it costs to convert HIVE into HBD. This is all by design. I expect conversions an the $1.05 price to continue on for quite some time if this declaration can be trusted.
Stepping out of the echo-chamber
There is one daunting piece of TA that is giving everyone pause, and that is the Bitcoin 50 week vs 200 week moving average. The 50 week is about to cross lower than the 200 week which will initiate a death-cross, which could be bad.
As a perma-bull I'm not really worried about this death-cross at all... in fact I feel like it actually might be bullish, but again this could be the echo-chamber talking so it's worth bringing up. The reason why I think it's bullish is that it signals that Bitcoin is more oversold today than it ever has been in its entire existence. This has never happened before, so it's very significant either way. Considering that the spot-price is also converging at the moving average prices I find that to be quite significant as well. Given the angles the death-cross is guaranteed no matter what spot does, but I'm not sure that this one matters. Bears are grasping at straws me-thinks.
Also a 200 week moving average is almost four years. Is that really a valid metric to be using for TA? I mean sure 50 makes sense because that's basically one year, but 200? lol really? This average didn't even exist until 2013 when there was actually 4 years of trading data to calculate. Bears think we'll crash because the average of the last 4 year cycle wasn't high enough? Again, doesn't that imply the exact opposite? :: That because the last 4 year cycle didn't moon like 2013 or 2017 we are in an even more stable position than usual. I'll be surprised if this death-cross actually gives bears the price action they are looking for. $20k is definitely on the table but the whole $10k nonsense is not.
I just now started my 3 day unlock on my 2000 HBD I had sitting in the savings accounts. If lazy-panda wants to buy it at a 5% premium, be my guest. This $2000 is Bitcoin money that I sold the bottom with at $16k. I was a distressed seller and needed to make sure I could pay bills for a couple more months. Also the main reason I did it is because of all the Binance FUD and the fact that Binance withdrawal emails were bugging out and it was making me super nervous.
Now that the market is +50% across the board I feel a bit more comfortable capitulating and taking the loss (also I found another source to pay bills). Again, all signs add up to Hive still having bullish momentum. Lazy-Panda buying up all this HBD is going to provide massive support, and if we all pitch in and defend the MA(200) it's going to be super easy to maintain all the golden crosses coming our way. Don't forget that Hive has ridiculously low liquidity right now because of the FTX collapse (even though we weren't listed there the arbitrage/market-maker bots across the entire ecosystem got annihilated.
Conclusion
Seriously though... buy Hive. When is the last time I wrote a blog post telling people to buy Hive? Oh wait it was at 25 cents... okay but also that was the bottom and the time before that was long long ago, which was the original point I was trying to make. I don't say these things lightly anymore. All the metrics point to this MA(200) level being critical, and I want to be on the front lines defending it.
I'm starting to learn that the best way to make money in crypto is not to directly ask how you can make money: this always leads to greed and the inevitable fuckup that will end you. The best way to make money in crypto is to provide value to the network every chance we get. Crypto has a way of rewarding users that provide value to the network rather than trying to extract value for themselves.
And so I ask Hive the question: "Should I provide liquidity here?" Unfortunately Hive is not sentient (yet) and thus it does not answer with words, so I have to interpret the information I have and guess what Hive wants. But I think Hive does want me to defend the MA(200) for all of the above reasons and more. Maybe that sounds like crazy-talk to you, but I disagree.
- Buy moar.
- Unlock your HBD at least.
- Pump inc.
- Goddess Moon give me strength.
Posted Using LeoFinance Beta
Just got qnother 2000Hive at $0.40, a week before recent pump. It's more risky to be out of the game than in it.
If I understand correctly, you are saying to use HBD to buy Hive when HBD is above $1 and Hive is in the mid 0.40s?
Basically
Or write a Shit tone of posts and power down...🤔🤔
Sure. I am unlocking my HBD savings. Buying more Hive.
I don't know but, this sounds like financial advice to me. I would love to be playing in the millions like lazy-panda but for now, it will have to be in the 10s.
Posted Using LeoFinance Beta
Absolutely, it is financial advice.
Not not financial advice
And who gave you this advice?
@edicted!
And who is @edicted?
Anyone who controls the posting key for @edicted.
Anyone in the world really.
Who's to say?
Could be Bill Gates
😅😅😅
Lol
I ain't goin'a go crying to any government numbskulls if this all goes tits up. Don't worry, your secret is safe with me.
Posted Using LeoFinance Beta
Well, here's some financial advice.
Since APR on HBD is payed monthly, you can compound it to nearly 22%.
I didn't know that. I thought compounding was already taken into account.
Posted Using LeoFinance Beta
nope it's not
Definitely seems like a good time to snag some!
Aren’t those moving averages days rather than weeks?
The hive one's are.
The Bitcoin one isn't.
I guess that makes sense in the a 200-week period is almost the time between halvings.
Damn boi, panda is going in raw.
That part tho, haha.
I'm surprised more people aren't borrowing crypto at 10%, converting to HBD, paying back principal with the interest earned from HBD staking. Pretty much printing money at that point. Maybe that's what panda is doing. Why limit at $4M unless that's a hard limit set by your credit?
Update Immediately after I posted this panda increased the order by 2k HBD
for realz
Damn. $4M at 20% is $66,666/month. He could buy 2 full Bitcoin every month and still have $20k for "expenses". lol Even at 5% it's over $16k/mo. I need a couple more bull runs to get there...🙂
Posted Using LeoFinance Beta
I am surprised it has taken this long for people to catch onto 20% hbd as well. And there should be a lot more than 1... Also with HBD stabilizer now buying up so much, Hive is basically deflationary again
How does unlocking your HBD defend the price?
I don't understand the tokenomics behind this other than why him buying up HBD will push up hive price as he needs to buy up a large supply to convert.
Posted Using LeoFinance Beta
Unlock HBD because the chance that HBD breaks the peg to the upside is very high right now. If HBD is in the $1.25-$1.50 you should dump all of it immediately every single time.
So it's advisable to withdraw all from my savings, and then trade the HBD for Hive on Hive-Engine?
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It really depends on a person's unique situation.
Personally I would trade on the internal market.
And I wouldn't just dump HBD into Hive in a market order I'm waiting for HBD to pump or defending the MA(200). You're really making me want to say "not financial advice" right now :D
I tend to be careful when it comes to big decisions, that's why the HBD with 20% was so attractive! High returns with little risk :) ...
!LUV
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Mine IS unlocked! How/ what do i do to take advantage of this? Any chance you can break it down a little bit more..
Posted Using LeoFinance Beta
That is quite a lot compared to your hive stack. Be careful!
The problem here is that you don't have access to a bot, and limit orders can't be placed in terms of HBD value. For example you could place a limit order on the internal market to buy Hive (bid) at 21.3 "cents", but this limit order could trigger in two different ways:
If you don't care why it happened then it is safe to just place an order on the internal market and forget about it. What kind of discount are you targeting? $1.25 HBD? That's a bid of 0.34. But if Hive price crashes to 34 cents it will fill. A $1.50 HBD target is 0.285 bid.
If your goal is to only sell HBD pumps: these limit orders can be risky without a bot that automatically cancels/reposts your orders when Hive starts to crash. Although are you really going to complain if an order fills and you buy Hive at 30 cents? Serious question.
Ok. That I understand.
Thanks for breaking it down to my level. 🤣
Posted Using LeoFinance Beta
....here's to hoping he'll break it down to my level!! Mby i can take advantage of this situation.... !!! :)
Posted Using LeoFinance Beta
Now that's more like it! Defending at above 44 cents sounds much better than buying there....although both are essentially same thing - it's the mindset that matters. And what even are price rallies if not a strong mindset!
Coming to HBD, I have noticed increased buying for a while now, and HBD has been above the peg more often that it has been below. Hence instead of putting my HBD into savings, I have actually been using everithing to buy hive around 30 cents and sold at 46 cents - a 53% return in 2 and a half months. However, I do understand it only works as simple math with small amount of HBD. Someone with over 100k HBD is definitely better off putting it in savings and take a vacation at Hawai!
Boostin'! It's all good news.
Thanks!
This is the one and only reason I didn't convert half of my HBD into Hive when it hit the high twenty / low thirty cent price range. HBD was just too good of a deal 😂
In hindsight, it would have been good if I had converted it though, it would be back in the HBD savings now. And I'd have several hundred more Hive for Power Up Day next month 😲
This post has been manually curated by the VYB curation project
I did buy $44, 100 Hive on a lark. I don't think it made much a difference but I can say I participated.
Posted Using LeoFinance Beta
Now Hive just has to go x1000 and that will feel like a lot :D
I could live with x500.
I can't wait for the day my brain would be able to process all of these and the day i would be able to make meaningful conversations when topics like these are raised
I'm almost there tho
1 Hive will always be 1 Hive, which sounds pessimistic and optimistic at the same time. As soon as the general public realizes its value we'll see changes for good (that's if we are right and I know we are)
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For me HBD is like my emergency funds . And the good thing is its increasing with 20 % APR which is a good thing.
My gut feeling tells me the current bull market will replicate the 2015-2017 one. It's just my gut feeling. So many compare it with 2019 and 2020-2021 that it has to be different.
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This is such a great post, I upvoted 100% and I will upvote every single comment here. Fluff yeah
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Excellent financial advice 😉
I've been buying with last bull money, time to unlock the HBDz