Hive moved from 0.41 to 0.57: Has the train left?
Just a day ago I was reporting on a 0.407 Hive with bottoming RSI.
And today, we are greeted with the 0.57 Hive spike as shown below.
While I am glad that I had basically filled my 10K HP on this account 19 days ago with substantial Hive bought between 0.27 to 0.35, I was also thinking about starting new 10K HP account in my rinse and repeat plan.
With Hive moving from 0.41 to 0.57, has the train left?
Should I still be doing my DCA?
I think Hive basically caught up with BTC in terms of the big leg up to undo the previous big red candle. I wrote in an earlier post that I was expecting Hive to do that. Now that it has done that, I think it is a new game now.
In short, I think Hive has really got out of the 0.25-0.40 range for good. At least this round of market-beating is done.
From now on, it should be reactionary to new situations and less of a recovery from the big red candle. In short, I think it will be choppy and eventually going up with the larger market when it's time to do so, say if BTC goes up a big leg.
Should I still be doing my DCA?
Yes, since I am still building other accounts to grow my Hive stash like rent money.
Actually, my DCA of Hive is very small, something like USD 30 each, every day or so.
Having even such a small buy takes the stress out of FOMO, keeping in mind that I have a bigger stash bought below 0.40.
I already gotten a nice headstart. I should stick to the plan that I had outlined earlier.
Thank you for indulging with my crypto thesis!
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
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Well if you have outlined a strategy I would say that in principle you have to follow it, then of course every strategy is subject to change if conditions change.
What do you think is more convenient for you?
my take is to follow after challenging it. if it is as good as gold, follow it. if not, adapt. !PIZZA
Well, adapting is very important, I think it's one of the fundamental qualities... on the other hand, those who haven't adapted are extinct in the end lol!😉
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It's insane eyyy! With a price jump of almost 50 %
Laughs I was at work today, and the Betty told me that hive was almost 0.6 USD... And I laughed at her thinking she must have been mistaken 😂💭
Im glad and sad at the same time.. I dont know what to make of this😂😂
I know what you mean! 😂
Pick a number and keep accumulating, and then be happy that you reached it. Be in Hive for the longer run! !PIZZA
Pump like this always put positive effect on the Ecosystem. Hive just touched 0.61 cents and now it is trading on 0.59 cents. We may see a little push back and then i think from now we can go above 0.70 easily. We will see.
Too positive to the point more people are watching the price and not my post! 🤣 !PIZZA
:D I'm watching your post as well as hive price :P opened in separate tab :P
There's always a correction, it's just by how much is yet to be determined. But I hope it goes to $5 again like in the Steem days.
i am watching closely for the corrections. just kicking myself for not grabbing more at 0.40! !PIZZA
Thanks we just made a gig error buying our BTC we should have waited but it was to invest in the Hive which is following the BTC so wrong twice and thrice because we didn't still get the money and the Binance account they consider my email plus the 2 auth with the phone isn't enough so they don't give us access to our account. after multi-videos that are never good enough for recognizing us. do you believe that?
That’s why I am not using CEX these days if possible. Hope things will become better. !PIZZA
Now it's $0.62. also I don't any hive
But i have this joy that the coin is doing well. It's a motivation to me
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Exciting stuff! Spiked up, dropped down and is now on a bit of a plateau. Higher than it was before.
I shall just keep blogging on!
Great plan!
It works out for you and it will all average out over time. There are times when the price goes down and other times price goes up. If you are worried, you could always just let your stash ride or take a bit of profit to guarantee some profits.
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Hmmm, the train hasn't left it seems, because we're back at 0,45. this is already higher than before the spike but not really so great...
To continue with the DCA?... I'll probably do the following. Keep my Hive I've bought at the end of the curve and start again with DCA from where we're now. I think I can earn some more like this, and I can still sell my expensive Hives at 0,6 in the future... !PIZZA
Isn’t it great that the train hasn’t gone?! Those who hadn’t fill their bags can do so. !PIZZA
I see it exactly like this. The only bad thing is that after getting my bot-benefits, I've been filling my bags with Hive at 60cts./Hive !LOL
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