Unlike Michael Burry, I rarely bet on the stock market going down. The last time this happened was with the advent of Covid at the beginning of 2020. But I decided to short Bitcoin in January 2024. Accordingly, I’m thinking of buying HIVE at $0.10, but in the meantime I’m accumulating HBD.
I rarely write posts, I don't need to write a post every day and teach you something about the financial markets. The best way to learn crypto trading is to practice. The best experience is your own experience. I've been trading stocks and futures since 2006, a crypto trader since 2017, and now primarily trade tokens in the Hive ecosystem.
For example, this week I'm thinking of buying ZING at a price of about 0.015 - 0.018 HIVE. I sold my 150k ZING at a price of 0.021 - 0.022.
I shorted Bitcoin by a small amount after accepting the ETF. I think Bitcoin will be below 40k this year.
Sometimes it is very profitable to short STEEM. When there is a STEEM pump, you can sell STEEM futures on the MEXC exchange with 20 leverage and make good money.
I think that with a strong correction in the stock and cryptocurrency markets, HIVE will again show its minimum of $0.10 . HIVE had this price 4 years ago, in November 2020
I am accumulating HBD. Staking HBD now gives 20% per annum, this is a very good percentage. If I don't see HIVE price at $0.10, I will be accumulating HBD for years. Taking into account compound interest, the number of HBD can grow tens of times over the years.
Well, now about the most important thing :) I have a premium account on LEO and I also want to get a couple of dollars for a post :) Forgive me, curators, if my post did not reach the required number of words. I said everything I wanted.
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So you think we might fall -60% with Hive in the coming months? Why? Is there a certain ratio or Chart formation wäre you can derive that?
I am sceptical about reaching the old ATHs but I am also quite Continental we won‘t see prices below 20 Cent again.
After 5 months, I will give a forecast for the price of HIVE in the region of $0.05 - 0.1 if the market decline is deeper in 2024.
You are definitely bearish. I believe we will see at least a 50 Cent HIVE end of this year again.
I'm just looking at HIVE's weakness and predicting a strong correction for Bitcoin and SP this year.
Good plan. I agree.. HBD is the way to go.. about the surest bet there is in this crypto world. I am also holding onto some HIVE and waiting for a rise to 0.37.
I forgive you... even if I'm not a LEO curator 🤪
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Thank you! And you have the strongest upvote among those who voted for the post. I think in a few years your upvote will be better than that of some community curators :)
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Your call was absolutely amazing!
Didn't expected hive to fall this low but now it's near $0.1 already.
Only if I knew this about you before... Hah, Man more respect to you for nailing this move down.
I kinda bought everything too early and now sitting without stablecoins.
I noticed that HIVE is not growing following BTC and ETH. And I thought what would happen when Bitcoin starts to fall. I sold HIVE around $0.36, then there was a rise to $0.52 and then a fall. But since I receive 20% per annum, my selling price is no longer $0.36, but six months later it is $0.40.
Not sure the price would drop so much look like its more going up, thanks for voting my post sir