So have we all been enjoying them?
I mean there's been THREE very respectable Hive Pumps in the last month....
And the fun thing is these pumps seem to be inversely uncorrelated with the BTC dollar price...
As I can see it over the last month...
- BTC goes sideways early on, Hive pumps
- Then BTC goes up while Hive just goes down and then BTC crashes (in relative terms)
- Then Hive pumps
- Then BTC trends down while Hive goes sideways and then pumps just yesterday.
Literally no idea what to expect next but...
I mean call me a pessimist but I'm not one to bet on the Hive price continuing on an upward trend, there is A LOT of liquid Hive about and plenty people around who are happy to take profits from basically mid $0.30s....
But I mean then again....
Hive pumps then goes down, hive punmps then goes down a bit and then sideways and then pumps and goes down again.
Based on the BTC price...
Well that's just pumped again, someone keen to buy in the low $90Ks and so one might reasonably expect Hive to carry on going down....
My strategy....
I've picked my lottery numbers based on gut instinct and what's a decent profit margin for me.
My general rules are:
-If Hive does one of those crazy 30% pumps then sell a lot, with limit orders.
- Then buy back some it lower down.
- Ladder this - so if I sell a bunch @$0.40 then set buy backs at $0.34, $032 and so on...
- Keep some liquid for selling later on.
- If Hive looks like it's gonna hit $1 Power Down some, but not before that.
Final thoughts....
DCA out of Hive, then DCA back in again, be happy with a 10% swing on trades and don't sweat it. It's all profit.
Just enjoy it, it's an advantage of having stacked for a long term, and I know a lot of other long term hodlers in the same position!
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