Hello Hive Fam
Good day to you all, and I hope you're having a good time wherever you are.
Today, while I was reading some blogs, I noticed that the price of Hive has pumped nicely. So obviously, it is an opportunity for me to try to capture as much as I can. I have over 1000 coins in my wallet that I already sold for HBD, and I'm now waiting for the right time to buy back.
If you have a look at the chart below, you will be able to see that the price was above $0.05 and now it's back to approximately $ 0.045. This price increased by approximately 30%, which I think is a good amount. I sold all my liquid coins against HBD, but I see that now the HBD price is also slightly down; this is not a good practice, which I learned today.
I mean to say that if I sell those coins against USDT, then I can probably end up making better profits on the intraday trade. The problem is that I have not use Exchange from last few months, and I really don't know whether I should use it again; I will later on figure out. Though I sold at the best time, because I did it against HBD and now HBD price is also slightly down, I will not be able to make as much profit as I could have if this was done against the USDT pair.
This is a learning experience; I think I will try to avoid it in the future if it is feasible, because if I need to go for the USDT pair, then an exchange is required to execute the transaction, and for that I also need to transfer the coins to the exchange wallet. Because I used the internal market, there is no need to send the points anywhere, and all I can do is do it within a few clicks, which I have already done. Thank you!
This is the current price for Hive in HBD, which you can see on Peak D Wallet, and it says that the activity price in the Internal Market is 0.966 US dollars, whereas it is 0.922 US dollars in exchange. Since I have already sold, I will buy back. Still, I am thinking of waiting a bit; if I cancel it when the HBD price improves slightly, then in that scenario I'll get more, and that's the intent behind executing this transaction, so overall I am happy that the price pump happened. Surely it will give me some high coins in a very short span of time.
I hope to see more such pumps coming in because I think it's a good opportunity for anyone to sell and buy back, but for that, one must have some liquid coins available in the wallet, and I will make sure that I have some to grab such opportunities. Thank you!
✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨
