One of the things I like about this social network is that it allows me to trade between currency pairs from the platform and that from my point of view is an added value, because when you have little profit every dollar counts.
When you enter your wallet there is a place called currency markets where you can buy and sell HBD/HIVE. But how can I make a profit here? It's simple but you have to practice to improve.
Here are the steps to follow:
1- Enter your wallet: this area of the platform offers several options, among them is trading in Binance, Poloniex and Coin Markets. In this article we will concentrate on how to trade in the Coin Market.
2- Once you enter to "Coin Market" you will be able to visualize 02 areas (one where you will exchange your HBD for HIVE) , it is in this place where the lowest bid and the amount of HBD available will be reflected, that is to say, the HBDs that you won for your items and (another where you sell your HIVE to exchange them for HBD) here you also have the highest bid and the amount of HIVE that you have.
3- Once you know these areas, you can see the price indicators to make a decision of when to change HBD for HIVE and vice versa.
Personally what I like is that since we only work with the HBD/HIVE pair it is easier to determine when I should make the exchange transactions either HBD/HIVE or HIVE/HBD. The value of our items is paid in HBD, so that currency will be our starting point.
Let's say that you already accumulated 10 $ in HBD for your items, having this amount you go to Coinmarketcap and / or Poloniex to locate the graph of HBD vs Dollar. In that graph you find the lowest value experienced by HIVE in the last 6 months, then locate the highest value experienced by HIVE in that same period of time. This is done to determine the minimum entry price and the maximum exit price, or what is the same, the moment I will pass my HBD to HIVE or my HIVE to HBD
Let's say that the minimum experienced of HIVE in this period of time is about 0.195 HBD/HIVE (each HIVE costs 0.195HBD) and the maximum experienced is 0.35 HBD/HIVE (each HIVE was managed to sell at 0.35HBD)
With this reference you will expect HIVE to reach its minimum value experienced in the 6 months and once I change my HBD's for HIVE, I will now be on the lookout for when I go up to sell them.
I know that many people who already have enough experience in the cryptomoney trade; these tips and/or simple explanations do not like them. But the article was created for those who only have experience creating articles and for various reasons do not know how to take advantage of this option that the platform offers.
If this is your case you can leave in the comments a tip for them and if you are one of those who have not yet explored this option, with this frame of reference you can try, as it will allow you to win and / or increase your coins with little risk. Having a minimum and a maximum reference, it will facilitate the realization of your operations (buying and selling)
I hope you like it, I'm very happy with the results... Greetings.
Note :
This strategy is based on some of my experiences in the crypto coin world, it is not a business recommendation, therefore its use is at the risk of the user.
Written by:@Trabajosdeliglo.
