Greetings, everyone!
I woke up excited to check the charts for Hive, and I'm starting to believe that this is more than a classical pump-and-dump scheme. Despite the increase in sales orders, it did not drop enough after the pump, and now we have two tries to break the 0.6820 top in less than eight hours:
HIVE USDC chart from Binance, with 1h resolution.
I noticed that some users have started to power down Hive, but it will take a week before the liquidity will hit the market. A lot can happen during this time...
I'm not doing a power down, and I prefer to stick to my master plan and further increase my stake in Hive. Nevertheless, I took the opportunity to do some cleaning work with alt-coins from Hive Engine. I freed up 23 HIVE, which I've sold at 0.6420, and I plan to buy back at 0.5420. Peanuts, yes! But it is fun...
What is your position on these events?
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This great pump that Hive has been having for a week now has opened up a lot of opportunities for me to referee. I have taken a lot of profit when it went up to the peak and also when the price adjusted.
I'm glad to hear this!
!LUV
good approach!
All the peanuts add up in the end!
It's a smart method, I'm aiming to do something similar myself but I always fomo back in when the price doesn't drop enough for me. I do hope your prediction is correct and It'll hit 0.54 again soon, allows me to rebuy also 😂
It's amazing to see where Hive will go. I don't plan to powerdown either, but I did change some HBD into Hive over the past few months and they are sitting in my account. I am not sure if I should sell that and try to get back Hive lower.
In a few days the first wave of power down will hit the markets. I'm sure it will be a drop and a chance to buy back more HIVE for the same $.
Sell high and buy low. Works well to lol.