Hive a long term investment or short term investment. What about your option?
Hello lovely people of Hive and Leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, crypto market is a long term investment. However, there are few ocassions when your small time investment give you huge reward.
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Just recall in your mind, our blockchain coin Hive, which observed massive gain week ago. This big jump in price provided opportunity to convert your Hive into HBD. People earned huge profit on their liquid hive holding. Although, I am not selling Hive during pump and dump But sometime, your short time investment during pump and dump provide you to increase more Hive from the same amount.
To understand this idea, just check out the last pump in which Hive observed massive gain of 48%. It increase the people profit by 48%. It provides an opportunity to book profit during bullish run. Interestingly after rising coin observed big dip again as the coin observed more than 45% dip in last seven days. This is the time to buy back Hive and increase your Hive accumulation. If you are the lucky one who managed to sell Hive at $0.623 and bought back at $0.43 will reward your almost 45% more coins in just 7 days. People who had 100 Liqiuid Hive in holding managed to increase their worth to 1,450 Hive. This is only possible if you book the profit. This reveals the importance of booking profit in crypto world.
This doesn't mean that you don't need to hold Hive for longer longer term. Holding Hive for the longer time will help to build your portfolio and earn more curation reward. Remember at current price of $0.43 is undervalued coin. It has tendency to gain 10x from here. Better to go for long term investment.
Pump and dump situation open new debate about short term and long term investment. I am in favor of long term investment as I believe in project. However, to increase your portfolio sometime you have to sell coins at higher rate and bought back coins at lower rates. It help you to increase your accumulation. In my opinion, the best option is to book profit and try to accumulate moe Hive when the price drop down. It will help to build your portfolio. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.