Started Converting my HBD rewards to $HIVE - And My Strategy Ahead...

in LeoFinance2 years ago (edited)

Hey All,

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With crypto markets crashing and seeing all of our favorite coins tank, it is always a disappointed moment. No one likes the markets to fall and we all wish that there is always a bull run and it just continues on and on..But the real bitter truth is where there is a bull run which is making all time highs there is sure to come a bear run as well and I guess that is the entry point for other investors who were looking to invest in the markets. So altogether markets being up and down is part of the game and one needs to strategize his or her financial portfolio and make changes to their financial planning around the markets accordingly. And hence with that I did make a change to my financial plan with $HIVE trading below $0.30 cents, which is one my favorite coin along with contributing to 50% of my overall crypto investment.

HBD rewards Swap to $HIVE...

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The approach that I took here is that I started swapping my HBD rewards for $HIVE. I started doing this from Yesterday and as you can see I swapped 5+ $HBD for 20+ $HIVE and all the HIVE was powered up i.e. moved to being HP [HIVE POWER]. Earlier what I was doing was moving the $HBD rewards to HBD saving and was getting an APR of 20%..But I couldn't resists this downfall of $HIVE token and was tempted to accumulate HIVE at these prices. I am going to do the same until HIVE trades above $0.35 cents. What if $HIVE falls from here then what is my plan? This is a good question and I do have plan for this as well. Lets says the crypto markets sees another big downfall and incase $HIVE falls further and that too below $0.20 cents, then I am going to leverage my 1K+ $HBD saving to convert all of them to $HIVE and power all the HIVE up..so that is the initial plan incase HIVE falls further. I am also ok to pump in around Rs.50K INR as well to buy in HIVE..ultimate GOAL is to buy as much HIVE as possible. I did miss the opportunity when HIVE use to trade below $0.10 cents.. But now if this is on cards then for sure I am not going to miss the opportunity and will be looking forwards to buying HIVE in bulk and come close to my target of accumulating 75K+ $HIVE by the end of this Year...lets see how it goes whether I am going to hit my HIVE GOAL or not....I am optimistic that I should be able to do so...cheers.. $HIVE to the moooon...

Have Your Say on HBD to HIVE At the Current Price....

Did you buy in HIVE for cheap during the recent downfall? What is your strategy looking like? Do you foresee $HIVE falling further and are your converting your HBD to HIVE now or still waiting for the price to fall even further? Would love to know about your views in the comment box below...cheers

HBD rewards Swap to HIVE...

Image Credits:: hivehub.dev, peakd

Best Regards

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Posted Using LeoFinance Alpha

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I was thinking of doing the same as you, although I'm hoping for a pump in the price, I really can't see this happening anytime soon.

True this is a sad moment for all the crypto enthusiast..we will come out of it pretty soon..cheers

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Thanks for your thoughts! I asked me the same question and feeling somehow unsecure. 😀
Anyway I'm going to buy some hive with Fiat and might move some HBD to savings
!PIZZA
!ALIVE

@gungunkrishu! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @dailyspam. (4/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

thanks the pizza wishing you good luck as well for your investment..cheers

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PIZZA!

$PIZZA slices delivered:
@dailyspam(4/5) tipped @gungunkrishu

yes, I think this is a good opportunity to increase the amount of HP/HIVE with good prices. I bough a good amount of HIVE in the trading market and will bring/ convert to HP shortly.

Let's stay focused. ;)

great buying $HIVE is always good. I am due for buying HIVE in bulk but this is definitely on cards..cheers

Posted Using LeoFinance Alpha

This is really an effective strategy to buy Hive at low and sale at high. This kinda trade could earn huge profit only patience is needed. I am newbie on Hive and looking forward to achieve 500 HP goal now. Wish me luck 🤞

thanks dear..wishing all the best of luck and am sure you will achieve your goal of 500 HP as well..cheers

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in moments of fall the best thing is almost always to accumulate ^^

for sure and very true.cheers

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I know that HIVE can switch direction and go up, but I'm still sitting on my hands at the moment... But, I plan to do the same as you did... Convert my HBD into HIVE... Already did around 32-34 cents, but my next stop is at a bit lower level of the current price...

great man..lets hope HIVE makes a come back from here and if it does not we all know what we need to do..Buy the dip..cheers

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It's really the best time to convert to HIVE. These times are the golden times to accumulate hive coin quickly.

Liked your strategy .

thank you dear for sure this is a golden opportunity to buy in some HIVE for cheap.. cheers

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Honestly, I feel very bad about what is happening to the crypto world right now...
I hope the prices come back up

I am sad to as well but the hope is that we are definitely going to see a bounce back..cheers

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Yes, not a bad idea at the moment. It would be interesting to see the effects of maximizing such opportunities over an extended timeframe.

Right..I am more focused in building my HIVE portfolio and reap the benefits at a later point in time. cheers

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Exactly everyone expects that there should always be a bull run of the market but in vain.

Moreover correction is required in your title. It should be HBD not HDB

spot on..thanks for point out the mistake..i will make the changes...cheers

Posted Using LeoFinance Alpha

You are welcome ☺️

I guess you are like most of us, once beaten twice shy. I feel like you ve seen the future too. To sell what you have to buy this gem.hehe.

One more thing I do is delegate to leovoter so my HP is still earning even if I am away.