Another Sunday and another pump coming out of nowhere. This has been more of a trend over the last couple of weeks as you can see in this post here and this post here as well.
These pumps come and go and they have all been on the weekends. Time to use the wisely and see what happens! There is a fantastic internal market without trading costs and you can swap as much as you want. So even if you only want to use this for a couple of procentages, this is always worth the effort
Here you can see that on 8 december and on 22 december these kinds of pumps also took place and both of them partially retraced (eventually the price of HIVE is surely going up) so every bit of 'up that comes down' is just free HIVE.
Tactics or dumbtics?
Now I have read some posts as well about trading on the external market versus the internal market, and for me often convenience wins over getting the best price.
Yes on the external market the price of HIVE is going for a decent pump percentage of 40% today even to 0.48 which is awesome. But getting your funds there and swapping them also costs you trading costs.
For the small swaps I am doing I am just doing this on the internal market with just a click of a button and zero fees. Love it!
Stash the funds at a relatively stable HBD, wait until the price retraces a bit (depending how much risk you want to take and wait) and swap it back to HIVE and have more HIVE.
For me all of this is just in small amounts of HIVE. I can image if you are a whale wanting to do this with a lot of funds and go for it that the internal market is too small for this and you will get more slippage.
But now for this small fix which will just give a couple more HIVE? Hey, Im cool with the free funds!
What are you doing with this Sunday pump? Are you trading it or just enjoying it? And now we are seeing these patterns in pumps, what will your tactics be in the upcoming sundays?
Are you going to use it? I'm curious because as a community, it feels like we are all in this together and wanting to grow. It ain't a competition, we all want to thrive!
Posted Using InLeo Alpha
I love these pumps to get the most in the internal market too!
Exactly, with hardly any effort you still can make some bucks and there. So easy and hardly any loss to make out of it!
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I do love the pumps and I went to check to see if a bitcoin move spurred this most recent one. Not the case! Go hive!
Half of me hates putting up hive sell orders because I don’t want to stifle the pump. The other half loves to take the profit on the internal dex and save the hbd or buy the inevitable dip for more stake.
I hope squeaking out extra little handfuls of hive in the ups and downs over the years will make for some good value some day!
Well I think if you look at how much volume there is on the Korean exchanges, that our little sell orders wont make all of that difference. So I dont feel guilty AND it stays on the internal market