Hello lovley people of Hive and leofinace community. Hopefully you will be enjoying your life with good health and spirit. Friends after achieving 48% gain yesterday, Hive observed 20% dip today.
This will be perfect example which emphasize the importance of booking profit. Booking profit is utmost important to increase your protfolio. Just check out the rise and fall of Hive worth in last 2 days. First coin observed massive pump of 48% followed by massive dump of above 20%. Personally I don't like such pump and dump as it is not good for the coin itself. This is crypto world where pump and dump is part and parcel of the market. Such pump and dump open opportunity windows to increase your portfolio. User who sold their asset at $0.62 yesterday earn almost 48% profit on their investment. This is not the end of the story. Today drop in price creates an other opportunity to buy back Hive at $0.47.
In order to simply this situation let's suppose an investor has 100 liquid Hive in wallet and He sold those assets at $0.62. He accumulated $620. With current Hive price of $0.47 one can get almost 1320 Hive from the same amount. Earning 320 Hive is indeed a big reward in a day.
Getting profit is useless unless you extract the profit. Without booking profit will never develop your portfolio. No, matter how higher the price may go. Just checkout once BTC was around $68,800 at one stage. People who didn't book profit at that price regretted on their decision. Timing is important in crypto world. Always book profit. No matter, how low or high it is. Another barrier in booking profit is the greed factor. Keep greed factors aside and remember simple rule that booking little profit is far better than booking loss. 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.