It's time to profit from the pump & dump scheme
For years I have been talking about it and for years I haven't really tried to take advantage of it: the pumps and dumps Hive regularly goes through. Now that Hive is showing signs of strength again, I think it's a good time to start taking action. Just last week Hive has seen its biggest volume candle since February of 2025 which is a clear indicator that whales are awake again. Their strategy is simple: pump Hive at around 00:00 UTC and dump back to entry price. While it doesn't always go back there, price generally dumps back to the 0.236 Fib which is around a 70-80% dump. So why not ride with the whales?
Going for a 10x
I am starting with 1000 Hive and the goal is to increase it to 10,000 Hive and make a 10x. Sounds easy enough, until it isn't.
Pitfalls:
- Wrong entry and exit points: While I am pretty good at selling the top (I sold Hive at $3.4 in 2021), I am not good in getting the entry points correct. I generally buy in way too early and lose my profit again. But this time I am going to not rebuy until the target is met (around 0.236 Fib).
- FOMO and FUD: When Hive goes up by 20-40% in a day, it's hard to sell... likewise it's hard to buy when it is at 8 cents. I am going to try my best to stay neutral and I guess the 1k Hive is "play money", so it shouldn't be so hard. It's also only worth around $100...
Join me?
If you are crazy enough to join me in this quest, go straight ahead. Of course you are responsible for any losses yourself! But if you have tips or just want to join for the fun, be sure to comment.
I am going to update my portfolio every now and then and report on the gains and losses. I will also make my trades public, so you can see the progress or lack thereof.
First Trade
An example of what I mean by rebuying the 0.236 Fib can be seen here. Price went right back to around 9 cents which was the bottom before going back up again.
I am going to try and sell 500 Hive at 14 and 16 cents. My hope is that we will see a bigger pump in the coming days or weeks. If it is the latter, I will adjust price exit targets since they will be higher.
In the best case, I could make 500 Hive from these trades. I guess it's going to take a while to get to 10k Hive...
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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