Today felt like hard work. Even though Hive is the one working up the slope.
The chart below shows the climb up from 0.35 to 60 cents whereabout and then going down now. Not sure if it will go back up.
Did you benefit from the Hive bull run today?
If you sold at the top, and took some profits, you can at least buy back and yield more Hive. I did sell some there.
After being in Hive for a few years, I am beginning to see Hive as consistently having this kind of behavior: it will go up to some high value, and then come down quite quickly. So it make sense to have some liquid Hive to sell off. Powering up all your Hive cuts you off from such profit taking. I was ready for this a few weeks ago and powered down. I guess this is what most whales are doing and not telling you!
To be honest, 60 cents looks like we are in a bull market. Even the 50 cents isn't too shabby. The struggle today was about whether it will hit beyond 70 cents and stay way above. Eventually I pulled the trigger and sold at 62 cents in CEX. I might take profit by buying some BTC if the price is right, and let the bag of crypto leave Hive altogether. It has done its part and ok to rest.
It might go back up again quickly. But considering my bag of Hive was bought at around $0.25. The profit is yummy.
This is what I love about INLEO, or rather the LeoFinance community. I can rant about crypto and it help me better my game here!
P/S: Not financial advice.
Posted Using InLeo Alpha