Korean swings

The last weeks we have seen several pumps and then slow declines in Hive's price. Mostly due to high volume trading on the Korean exchanges Upbit and BitHumb. It is very peculiar, and I still have no clue why these Korean do this, but there is money to be made with them.

But you have to have some $HIVE liquid to profit from it. On the chart below you see what has happened in the last 12 days. It started with a pump to 40 cents, two Sundays ago, and then a slow decline, and then last Sunday another pump to almost 70 cents, followed by a slow decline and another minor pump on Tuesday. And again the slow decline back to 47 cents where we are now.

Now, if you don't have any liquid $HIVE you can't profit from this. So I powered down a bit of Hive. And it already paid off. I could sell around 1000 Hive for about 60 cents, and bought back in at 49 cents. I know, that's not at the top and not at the bottom, but believe me, don't try to sell top and buy at the bottom, that's just utopic.

More to come

These pumps have been there in the past, and will be there in the future too. We just don't know when, but we have to be ready for them. And for that we have to have liquid Hive to sell and buy back when it gets lower.
It is a very clever way to make extra Hive! Just don't sell all your Hive, so you also profit when it doesn't come back down! Both ways you win!

Thank me later! ;-)

Sincerely,

Pele23

Posted Using INLEO