Long term gains or Short term Profits in HIVE
The recent pump of HIVE has been an energy booster for all the HIVE holders in this current crypto market. Since the rise of BTC almost every altcoin has seen some rise in hike in price. Hive seemed a little late comer but the pump in price finally touched it making it to reach just over 62 cents. Such a scenario to watch after so many months of bear market. Any good pumps in any crypto is always welcomed!
I was mostly a spectator of this HIVE pump! Since I had almost no liquid compared to the past times of holding HIVE. Yet, I was able to participate in this small pump and I was able to take some benefit of it.
While, being in HIVE Blockchain for couple of years it does gives out a lot of experience. Keeping that in mind, I suppose all those who have been through this state, they somehow expected this Hive rally will not last long. Do not take me in the wrong way, we do want HIVE to break its ATH sooner than later but this pump was not so organic but as usual the Koreans had a saying in here. So this pump was not to hold that long. Since I did not have any huge amount of liquid HIVE, I decided to take a another route to make the best use of the little HIVE that I had.
Since the price of HIVE went up, the effect of it fell into the price of Hive-Engine tokens. I took the benefit of it and made some adjustments into my portfolio. Instead of selling the HIVE in for BUSD or any other stable coins, I decided to jump in on some HE tokens. Well apparently I saw the most beneficial token seemed was Splinterlands Chaos Packs.
Image source
Image source
Even if I decide to take some profits by selling my packs, I can do it. Let's not see the amount that I have decided to buy, lets talk about the opportunity that I have taken during those moments of spike in HIVE. Instead of thinking short term profits I decided to go long term. As I do not have any plan to sell my chaos packs atm. So my money is going to be stuck for some time and I plan to keep it that way for the long term investment like I did with many other investments on HIVE.
Many veterans of HIVE also took the opportunity of this short pump in HIVE and sold their HIVE during the peak, while they are planning to buy them back when the price of HIVE gets settle down soon. I would have done that as well, if I had some very good holdings liquid HIVE at my disposal.
Overall, what I am trying to say is, taking short term profits are always okay. And it should be taken in order to make some good returns out of our investments. While what I have seen is long term gains are probably the most profitable and so far I got benefitted most from this long term thoughts. HIVE investments are mostly long term! And I do not regret those at any point of my investments. As I have seen what it can do to a portfolio ;)
Since the price of HIVE is coming back to where it was, as of writing this post the price is hovering around $0.495278 , what are you planning to do? I am sort of curious to know what have you been doing with the latest pump of HIVE and were you excited to see this pump of HIVE?
Best regards
Rehan
Want to play & earn from Splinterlands
Join via, My Referral link
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I stayed in the base layer tokens. Sold a few Hive for HBD. Will sell back for more Hive than I started with, probably today. Hive and HBD are looking good long term. My opinion, not financial advice, do your own research, etc etc etc :)
lololol HIVE has been by far the best crypto that I have invested my time upon.
Well with the recent pump, many seems like took the profit and holding for long term ;)
Duly Noted, sir!
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You also took a good path by investing in so many Hive engine tokens, like splinteroand and others, and Long term investment is good.
Well, only time will say if my decision was right or not ;)
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True
I sold my small liquid hive for hbd. Will buy back lower 🙂👍
Dang! That's pretty cool! Hope you make some good profits buddy!
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It is always about how much you expect to gain. Like, I want to get $80,000. Now I have to think about how much I need to invest, and in what coins or tokens I should invest that can give me this much after a certain period of time or when the market reaches its new ATH. of course, this is predictive work. but gives some measures to set a roadmap for investment.
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Yep, exactly! Personal satisfaction is the most important aspect!
I have learned my share during the bulls and bears and possibly this will help me in the long term investments as well.
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Just a small trade. I gained 6 HIVE more by selling 30 HIVE yesterday for 17 HBD and bought back 36 HIVE today with the same amount of HBD.
!PIZZA
!CTP
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Well, well that's a noice trade!
Next time keep accumulating and possibly make the best use of pump (next one)!
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Well, if I have more HIVE, I could have sold bigger.
!CTP
!PIZZA
I gifted $PIZZA slices here:
@wrestlingdesires(4/15) tipped @rehan12 (x2)
rzc24-nftbbg tipped rehan12 (x2)
Learn more at https://hive.pizza!
Same here.
Not really. This quick pumps are always followed by quick dumps. I almost never have liquid HIVE for this reason. I'm just powering up everything I can and buying whenever I have extra fiat to do so. I'm going to wait a little bit to see if the price of HIVE comes back down a little bit, but even if it doesn't, I'm still DCAing my way to 100K HP and once I reach that goal, I might move the goal post to 150K HP. Not selling any HIVE under $2.00 at the VERY least.
That's a pretty decent move! DCA, is going to be worth it for long term. And all the best for your goal!
Gracias por tu post, me gustaría aprender mas sobre compra , pero desconozco de esto, gracias por tu post, porque voy a conociendo poco a poco, cual es el camino a tomar y que hacer, gracias nuevamente, Dios te bendiga.
Right now, I keep stacking the Hive I have. I saw the pump and I knew it would not just last. But having Hive at $4.6 by this time, is not that bad, at least we can say it is moving at a slow pace. I was expecting it to fall back to $3.8 that it was hovering about.
Well, that's also a nice move. If I had a huge chunk of HIVE, I would not have bothered much about the price.
While if the price keeps hovering around 40 ish cents, I will keep accumulating and this sort of opportunities (Hive Pump) are always welcome to make some quick HIVE 😉
Rehan, I am sending some DV this way. You should know why.
Well, figured it out!
That was a heavy one! Probably the biggest one I had ever.
I only have my contest fund for Let Our Picture Tell Your Story of liquid Hive, so I missed it entirely. But regardless, I'm really happy with my Hive progress :) ...
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Well, best of luck to us both on the next one !
Yes, definitely 🙌 When do you predict that it will happen?
!PIZZA
Well, probably within the next two months! Since that has been the pattern lol
Maybe I should keep some liquid then - or as HBD and in either savings or flipping with HIVE on Hive-Engine...
!PIZZA