I couldn't help but notice that Hive was back down to around $0.40 again today which is obviously disappointing given the recent spike to $0.60.
I did sell some during that spike and I've since had it all bought back thanks to lower limit orders I had on the internal market, but the spike and then retraction got me to wondering the extent to which Hive follows the bTC price?
I don't do technical analysis, so I just quickly compared the month trend for both with year trend.
You can see from the comparisons below that there have been four major sudden spikes in the Hive price relative to BTC over the past year, the month is really just to zoom in on the most recent, and that was tasty!
The trend seems to be that BTC is stable-ish in price for a month or two and then off the back of that there's a spike in the Hive price, so maybe larger purchases of Hive are something to do with people either feeling optimist or just plain bored after a relatively stable period.
Overall, however, the price of Hive certainly follows BTC and what we aren't seeing is a sustained rise in price relative to BTC.
Month trend
HIVE
BTC
Year trend
HIVE
BTC
Conclusion...
I guess the smart move is to NOT power up all yer Hive, it seems like it's a good coin to sit on a trade periodically.
The only problem is that if you're waiting to profit from a 20% spike then you're likely to have those upper limit orders sitting for an average of a couple of months!
But if you can make a 20% gain 4 times a year, then it's better than either having HBD in savings or sitting on Hive Powered Up, that is for sure!
That's of course IF another spike happens....
I mean this is crypto, so who knows!
Certainly for me it's a case of buying now for Hive and then getting some sell orders in around the $0.60 mark.
I think that's going to be an easy route to 100K Hive by the end of the year, but that's just me, defo not financial advice, of course not!
I just keep it powered up and take the regular income. I just hope it can gain a little after a spike. It did well from someone buying a load to put in HBD savings recently. I wonder if others will do that. Nobody really knows where things are going.
No one knows, that's the absolute non-cryptic truth!
Not even the magic graphs?
In looking at these spikes over a period of several years, the thing I find somewhat alarming is that any gains Hive makes seem very "fragile." Meaning, that if BTC is pretty stable and then goes down 1-2%, Hive often takes an 8-10% "bath" but when BTC gains back that 1-2% Hive stays flat at the lower level.
I think it depends what time frame you're looking at, over the year, Hive has done a little worse than BTC, over the last month it's up 13% compared to 4% for BTC.
The problem is what if you sell HIVE after a spike and it keeps spiking and never returns to the original price you sold at. Takes intuition to know which spikes are temporary and when it's finally blasting off to new highs.
Well there's never been a blast off phase yet for Hive that's held!
I think buying and selling on shorter margins is the option!
as someone new to Hive and have next to nothing I will just keep building my account, creating content, engaging and accumulating, also I think we will see probably another push below 20k before the market turns around at this moment Hive should be a bit cheaper in the 35cents, still early before the market turns around close to the halving, thx for sharing ✌️ ....100k hp and I only want 10% of that this year 😭😭😭😓
10K is an ambitious goal if you ask me, best of luck!
HBD was 1.02 this morning, I’ve never seen that before.
Did you miss the spike to around $1.50 a while back?
Clearly…. I did! Lol!
I am mostly just powering up, I am terrible at market timing usually! lol
Well it's a lot less stressful just going for those Power Ups, but it is nice when you stick on a few limit buys/ sells and wake up and find hundreds of Hive good to go, then power up!
I switched on a power down when the markets started to show some life at the turn of the year. Managed to grab 20% more Hive on this pump but only on a couple of months' worth. I think it's worth it when Asia wakes up but you do have to be careful not to be buying back at a higher price if the run up continues.
There was an HBD pump as well but I missed it. That 3 days waiting period scuppered me. Hoping for another one with the new BUSD fud.
Ah 20% is nice, patience can pay off, quite possibly HBD will have a few more pumps, I'm holding off sticking any more in savings for now!
I tend to boost both portfolios; holding HBD is convenient for now even if I can't think that this 20% will be stable, that would be madness.
In any case I'm using the savings as a piggy bank and I'm scraping together interest, later I'll decide what to do with those HBDs having other situations in which I could exploit them.
For the rest I upgrade my HP and LP from day to day and the goal is to grow more and more voting power; for me 100K are still far away, but I would like to reach at least 10k by the end of the year.
HBDs are tempting, but I do have a limit on how much I'll hold.
10K is a good goal for the end of the year, best of luck!
Thanks and always long live the wolf!
However, I too will keep a certain limit of HBD, besides I'm going to put everything in Power Up, but it's still early and I'm in the construction phase eh eh!
I just keep it powered up and take the regular income. I just hope it can gain a little after a spike. It did well from someone buying a load to put in HBD savings recently. I wonder if others will do that. Nobody really knows where things are going.
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