So have we all been enjoying them?
I mean there's been THREE very respectable Hive Pumps in the last month....
And the fun thing is these pumps seem to be inversely uncorrelated with the BTC dollar price...
As I can see it over the last month...
- BTC goes sideways early on, Hive pumps
- Then BTC goes up while Hive just goes down and then BTC crashes (in relative terms)
- Then Hive pumps
- Then BTC trends down while Hive goes sideways and then pumps just yesterday.
Literally no idea what to expect next but...
I mean call me a pessimist but I'm not one to bet on the Hive price continuing on an upward trend, there is A LOT of liquid Hive about and plenty people around who are happy to take profits from basically mid $0.30s....
But I mean then again....
Hive pumps then goes down, hive punmps then goes down a bit and then sideways and then pumps and goes down again.
Based on the BTC price...
Well that's just pumped again, someone keen to buy in the low $90Ks and so one might reasonably expect Hive to carry on going down....
My strategy....
I've picked my lottery numbers based on gut instinct and what's a decent profit margin for me.
My general rules are:
-If Hive does one of those crazy 30% pumps then sell a lot, with limit orders.
- Then buy back some it lower down.
- Ladder this - so if I sell a bunch @$0.40 then set buy backs at $0.34, $032 and so on...
- Keep some liquid for selling later on.
- If Hive looks like it's gonna hit $1 Power Down some, but not before that.
Final thoughts....
DCA out of Hive, then DCA back in again, be happy with a 10% swing on trades and don't sweat it. It's all profit.
Just enjoy it, it's an advantage of having stacked for a long term, and I know a lot of other long term hodlers in the same position!
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Have fun with that. I'm happy enough earning it every day. We're in a good position for when it really goes up.
Playing the lottery game as well, crossing fingers for 3 more cents down to hit my target. 😁 May we see hive pump to the moon in 2025!
Same strategy here 😂
Did the same! For a 10% here and there (im always late to the party) this worksike a charm
I missed all of them as I don't have liquid HIVE. Also, I have long planned to convert some HBD to HIVE, but it failed. Let's wait for below $0.30 again 🙄
$0.35 is an interesting sticking point. I can see why some would want to sell/buy at that value, considering market conditions. I set a sell order a little too late yesterday but that's ok, I don't suspect this yoyo'ing is done yet. Anything is possible, hopefully the bulk of sold HIVE during these pumps and dips get placed in holders hands.
I'm also wondering if so much liquidity playing the pumps game hurts our potential this bull market.