My long term target has always been to increase the amount of Hive I have in my portfolio. To achieve it, I've accepted that I'll have to dip my toes in the market.
Dipping my toes basically means I'll need to buy the bottom but the question is, how low can it actually go?
At the moment, I've set buy orders at different levels that might I add, we're approaching. The highest buy order I've placed is around the 20 cents mark and then two others at 18 cents and then at 15 cents.
I honestly doubt that we'll see hive drop below 20 cents any time soon but it's always nice to know that if that opportunity comes, I'll be able to jump on it.
Just in case my use of opportunity is confusing; I see every dip as an opportunity to reach my target and any significant pump is solely for taking profit that'll inevitably be reinvested into future dips.
Anyway, the bottom line is that I need to figure out how to trade the bottom. I don't mean the local bottom, I mean the absolute bottom and I've come to terms with the fact that I'll need a Dollar cost averaging strategy to achieve it.
