HIVE : Preparing for a Major Power Up
Some months ago I did power down because I believed that in a bullish market, there was a better potential of increasing the number of hive through trading. However, the market continues to fall, and I have been unable to execute good trades.
Now, my plan is changing, and I'm aiming to power up again. The good news for me is that I successfully invested in hive for less than $0.25, but it is still pricey for me because the current price of a hive is roughly $0.17.
This is the best price for adding extra hive and filling the bags. It will undoubtedly provide long-term benefits and contribute to passive income.
I can currently manage roughly 25K HP to powerup, which is a sufficient amount for my needs. I powered down 14K HP but am now powering up 25K with an additional 11K HP.
I'm thinking if I should wait a little longer or power up right now. One benefit of doing power up for me is that I can generate passive revenue through curating or delegating.
However, having my hive on exchanges would never provide passive revenue unless I make some excellent trades, which is not an easy process.
Right now, my focus is set on 70% powerup and 30% wait and perform proper trades. Both situations help me because my goal is to grow the size of my hive.
The sole difference between the two options is that conducting a power up poses no danger to me, whereas trading involves the possibility that I will make incorrect deals, reducing the quantity of my hive.
In contrast, if I successfully do trades, I will be able to add a large number of hive in a short period of time, whereas powerup is a gradual process that leads to coin gains.
You might help me with this decision and I need your feedback.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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Those are some big numbers brother, as per my understanding the price is not going pump that much soon. Rest the time will tell. But it btc will fall then it might go down to .11 that might be a big chance to invest more. Powering up is always the best idea. And having some liquid hive is also a good decision to make some profit from swing trade. I did powered up 3k hive yesterday's I will ideal in my Wallet from a few weeks. I hope this is going to be worth it 😄
You are right, the market will not pump until 2025 September and that is why this is huge gap where I can earn good hive from my stakings. There is also a chance for #hive to go to $0.11 and that will be the ideal time to invest. Thanks bro for sharing your feedback
Indeed, 😊 keep powering up 💪✌️
Power up now. The market is reversing now.
Indeed a good time 💪✌️
1 year from now, we will look back and be happy we did.
That is very true ☺️✌️, for the future
Yup, looking some green candles. Thinking for powering up