Hello guys, hope all of you are doing well, haven’t make English post for another long while. Today I’d like to share my though on the crypto market (mainly is the Hive), as some of Hiver already know that I never power down my HP that I earned from my post in the past 5 years. But recently I have change my strategy trying to save up my HP more quickly, that’s why I started to power down.
Don’t you think that’s contradictory? I said I am thinking to save up my HP more quickly meanwhile I started powering down my HP. Don’t be panic, please read what I am going to share:
The crypto market is pumped a lot since the end of 2023, however our Hive didn’t go up to much as many Hivers expected, it’s kind of frustrated I know, but we cannot control the market, there’s no doubt that many people sell their hive that they earned from their post regularly, maybe someone really need money for life, maybe someone simply fish for the reward then immediately to sell.
Even though the Hive price would pump 20% in a day but it would go down again maybe in few hours or even sooner, if you could sell your hive on hand while it’s suddenly pumping a lot, that’s good, but if you keep all your Hive in the HP, so sad, we can’t take any extra profit during the surge.
Unlike the BTC price, hive is always keep up and down in the certain range, only holding all the Hive on hand might not be the best strategy since the end of 2023, then I am like, what about I keep powering down my HP trying to sell at high and buy at low then power up back to my account?
Thus, I started my experiment 6 weeks ago, I decided to power down 10000 HP, it means I would have about 771 Hive payment in the coming 13 weeks, my target is selling the hive from power down then buy it buy at lower and send it back to my HP before the next PD payment comes out.
As you know the whole power down process is taking 13 weeks, it’s hard for me to remember the exactly hive that I can earn on the trade every week, that’s why I have recorded the weekly power down amount and power up amount so I can calculate finally how many extra Hive I have earned on the market.
You can see it’s going not too bad in the week 1, 5 and 6, my hive is increased 4-8% during these 3 weeks, for the week 2-4, I didn’t catch the chance to sell at high and buy at low because I was having business trip in Germany, plus the market wasn’t really easy for me to trade, then I can only make extra 2 hive during the trade after deducting the handling charge. Well it’s better than nothing or even losing on the trade.
So far I have been PD 4631.666 hive and made extra 142.647 hive during the trade. Sounds this strategy works for current situation on the crypto market. Let’s see how many extra hive I can make when the week 13 PD is completed. Will share the final result with you guys again once it’s done.
Thank you very much for reading my post my friends, wish this article can help you if you are thinking about to boost your hive more quickly, have a nice day, cheers.
Posted Using INLEO