Bitcoin has not been able to sort itself out. We are seeing the results with altcoins. All my holdings have come down in recent days, which includes HIVE. For this reason, Core Number Compounding (CNC) has been winding up the spring.
I started with 617.462 HIVE and 102.444 HBD. This morning, I have 606.06 HIVE and 84.263 HBD. While I have had a mix of buys and sells, they are about even in frequency, which is problematic given how asymmetric the buys and sells are.
However, with a little patience, this can turn out to be a good thing when the market decides to turn around. I will have locked in lower and lower cost HIVE.
In the few days that I have been putting CNC to work, I've had a few sells of approximately 1% gain. I have had a couple of instances in which I've had to sell twice in a row. So, it hasn't been all bad. Despite the overall downward trend, HIVE has not disappointed with volatility, which is the engine that makes CNC work. There has been at least one morning, afternoon, and evening transaction each day, if not more.
Looking at the difference between my starting position and current position, I can't help but realize that my first transactions were big losses due to the difference in price between Coingecko and the Hive Currency Market. I did not pay attention to the price difference. I thought maybe my loss was minor. However, it seems it may have been significant.
December, I understand, tends to be overall bearish. So, I think I need to survive this month to put CNC to the test. I'll need to beef up my HBD reserves.
