Hello, SPIers. As we go further into this cycle's bullrun, we see more volatility in crypto prices. Over the past few weeks, we have seen many top-ranked cryptos moon 20-100%. We are starting to see more action with HIVE and this leads to opportunities.
Sell High, Buy Low
If a token pumps 15-25%+ in a day, you can normally sell out and buy back after a few hours/days. This is because nothing goes straight up, its like 3 steps forward and 2 steps back. When crypto pumps hard, it corrects hard as well. Of course, this is not always the case with unicorns breaking the rule.
Each cycle with each crypto, we might see 5-10 chances to do this sell high, buy low strategy with fairly low risk. The trick is to not be greedy and remove all emotion from it. If you care, you get emotional and make mistakes. The biggest mistake people make is they use all their crypto instead of 10% of it. You'll care about losing all your crypto and that will make you make mistakes but with 10% at risk, you dont care as much and can make better level-headed decisions.
- Last cycle during 2021, I sold and bought back HIVE 3-4 times successfully making 5-20% HIVE profits each time. My trigger to sell was if I saw HIVE jump over 15% in a day.
- This cycle, I have moved 10,000 HIVE into an exchange account and plan to see what I can turn it into by the end of 2025.
The Plan
1/ When HIVE pumps over 20% in under 24 hours, I sell.
2/ After selling into USDT, I place a buy order at a lower price and wait
3/ HIVEs price corrects, the order gets filled
4/ Go back to #1
Results of the first trade
HIVE pumped 25% a few days back and I jumped into action. It was 2.30 am and I was getting ready for bed so I quickly jumped on the exchange, did a few clicks and went to bed. When I woke, the trade was complete.
- 1st red dot is us selling 10,000 HIVE for $0.304
- 2nd red dot is us buying back 10,800 at $0.28
8% profit for a few clicks
The most important thing to do is place the buyback order right away and dont be greedy in trying to get a big ROI.
We saw HIVE jump from $0.25 to $0.30 in 30 minutes. I had thought in my mind that HIVE could drop back to $0.26 and decided to go halfway at $0.28 to reduce risk. Each trade is different, if HIVE had mooned from $0.25 to $0.60, I might put a buyback at $0.40 because a bigger pump normally means a bigger correction because more people taking profits.
Each trade is different, how much was the pump, what was the $ volume, was it a fast pump are slow over a few hours, which exchanges have volume, etc. All this information is easy and fast to gather.
Anyways, we locked in an 8% profit on this first trade. We now wait a few weeks are months for the next one and see what we can turn 10,800 HIVE into.
Why do this and take the risk?
10,000 HIVE is a small amount of SPIs HIVE, just under 3% of our total and this is why I dont care and get emotional about it. If I were doing this with 200,000-300,000 HIVE, I might care and it could be emotional.
I think it will be interesting to document this and show the results as each trade is done over the next year to show people they can make money from liquid cryptos during bullrun years. It's important to be liquid at the right time, even a few days can cost you massive amounts of profit.
The returns can be amazing, and it's not that much risk. People think they need to have crypto staked to make something from it and that's not true. Not talking about HIVE, talking about any crypto. As far as trading goes, this is entry-level stuff but the above strategy will work for any crypto. If BTC pumps 15-20% in a day, prob a good idea to sell it and put in a buy order for 5% more than you sold.
What do you think?
If this something you are interested in are do yourself already?
For SPI, it's a fun exercise and something to post about every now and then when HIVE pumps. The worst case is we see a double pump are a buy order does not get filled and we're left with USDT. The best case is, that we double it to 20,000 and do something generous like throw the 10,000 HIVE dividend. That would be cool, everyone would receive 1 HIVE per 10 SPI's they hold.
Hmm, maybe thats a good goal 🚀
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
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| DBOND token | @dailydab | DBOND |
| RUG token | @rugem | RUG |
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