Higher and Deeper

in LeoFinancelast year

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It is Hive Power up day and I thought that since I bought some "cheap" HIVE the other day, I should power the suckers up!! Not too much, but better than nothing.

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It was not the greatest trade in the world, but I caught the mid-range of the short-lived HBD pump and traded the liquid HBD I had on the internal market for some HIVE.

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283.953/833.246 = 0.3407 per HIVE

At the moment of the trade, it was about a 20% discount, though currently it is around the 10% range, since the value has dropped. But the value of the HBD has dropped back to around the $1 parity mark as well, so it is still "up" - for once.

I say "cheap" up above because obviously, it has been a bit cheaper a few weeks earlier with respect to HBD, but not massively so, as HBD was below the dollar mark at that point too. I really should set some actual buys and sells, rather than just relying on catching the pumps.

I now have 232,076 HIVE vested and a couple thousand liquid, for just in case if something comes up. There was a time where I said "I would stop vesting after 10K" - but it seems that didn't happen. While I have used some of it off HIVE, none of what I have has ever gone out of crypto.

Ultimately, I would love to be a HIVE whale though (500K vested), but in order to do that, I will have to write daily for the next 47 years, or buy. And to buy, it means that either the price has to go down a lot, or it has to go up a lot, and then down a lot again from the highs.

I suspect that the latter that is the more likely. So, if I want to "Whale-up" it will be through a spike in HIVE value to the point I am comfortable enough to sell, then a long-ish wait until it is down to where I am comfortable to buy again. For example, if HIVE spiked to $5 worth, I could sell 50,000 HIVE for $250K, then wait a year or two for it to drop back to $1 so I could buyback and whale.

However, I haven't seen many people actually do that second part, they tend to not buyback as much as they sold, even though they could get it far, far lower than they sold the original for. For many, the price is never low enough to buy, no matter how far up they are in other areas. A lot of people owe a lot of the roots of their wealth directly to Hive - though it is rarely acknowledged.

I am not sure if I will ever make it into Whalehood on Hive, but even if I fail, I still think I have managed to do a pretty decent job on the platform so far and I intend to keep on being part of the community, as well as shipping away at that growth goal. At the end of the day, it doesn't really matter what the numbers are, as long as they enable us to live a better life in some way and perhaps, even help each other out a bit more.

Support is earned, it isn't a right.

And it comes and goes.
So don't take it for granted.

On the topic of price though, "cheap and expensive" is a relative term and while it might be relative to how much money a person has, it is also relative to how they perceive the value of what they are buying. I value HIVE a lot, because it enables me on this blockchain and I believe that in the future, it is going to be more financially valuable, as well as more utilized and respected by people.

Value isn't always reflected in the price.
Especially when looking back.

Taraz
[ Gen1: Hive ]

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Before I could figure out where to buy HIVE, the price has gone up since 😿

It is almost impossible to guess the cheapest price. Buy little by little over several months. For example, up to a price of $0.50.

Gets to "at the moment of the trade" and brain shuts down XD

I'm too tired to process numbers x_x

I feel like going up any tier is getting harder and harder as time goes by and it's partly laziness and mostly preoccupation with other things that occasionally has me wondering if it really matters.

Nothing really matter, except what we choose to make matter - so, there really isn't pressure on any activity, unless we put it on :)

Dang, 47 years? That is nuts! I guess my dream of being a whale one day is likely a no go! I don't expect I will still be around in 47 years and I don't post every day like you or get as big of payouts. Congrats on your power up. You have built something you can really be proud of here on hive.

I don't know how long it actually would be - but it feels like ages!! :D

I am sure it would be. I know for me it would probably take that long based on what I average per post.

I've been debating a little bit what to do in some ways. I want to get more Hive for my Hive Power but I also need to grow my HBD bag so that I can have that earning me some passive APR as well. I did throw good chunk of HBD into savings in January, about 50 or so I think, which was excellent for me long-term. Looking at my HP, I would love to exponentially grow that so I can earn more and reward others more but there are competing priorities hahaha. Ah well, at least I've got what I have and can keep growing it, at the very least with curation rewards which have picked up nicely.

I don't know if I could sell 250k$ of Hive and then not spend some of it and sit on those bags. I'd be too nervous that those bags would disappear lol.

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I figure that going into a bull market (we aren't there yet), Hive will perform better than 20% APR. Less secure for sure, but then sell into HBD and stake after. Not sure if it will work :)

On the way up, we tend to think it will keep on going up forever after we have sold.

Yeah - lessons learned from the past :)

By trading, you are accumulating more hive and it's a smart way to increase the Hive token as well as Hive power. But in my case, I don't take the risk to sell hive at a high price also. Because who knows what if I don't get the opportunity to buy back again. I just try to buy at low prices as much as I can.

Because who knows what if I don't get the opportunity to buy back again.

This is always the risk. But, when it is high enough, it is likely to drop down again :)

I share your goal of whaling up. I am thinking of borrowing to buy Hi e as an asset, but in these uncertain economic times I am wary of taking on new debt. But I may anyway, as I am no longer considering all debt equal. Debt for assets being different from debt for liabilities. But perhaps stables in a liquidity pair is a better option then any volatile asset, even Huve, to preserve my borrowed capitol?

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I am not that confident to take debt for anything (house excluded) at the moment. But, I a might regret that later :)

Being a whale is probably not possible for me. I just hope that I can become an orca someday. I still have long road ahead of me but maybe I will make it in another 10 years or so...

Yesterday in my youtube recommendations was video titled something like ,,Crypto the world's greatest scam'' . I did not click it because I did not want to give it more views. Who knows maybe I am foolish for trusting crypto but I have big hopes for it.

It is really about consistency and engaging people through good content that they find valuable. Harder said than done I assume.

So many people have been calling it a scam, it probably isn't.

Whale...I mean...Well, you might not be quite whale-ish as a curator but you manage to be quite whale-some as a content creator. And in order to feel whale-ty, all a whale needs is an ocean in good condition.

I think my appearance is beginning to get a bit Whaley as well!

Out of scale, mate, way out of scale...

This bear market was a good opportunity to buy for cheap, but I have almost nothing in crypto. So, for now the plan is for the next bear market. After making some profits in the coming bull, hopefully I'll be able, and active enough to "buy the dip" and hold onto some Hive.

Always worth buying small amounts all the time - that way, you might lose a bit in value for some periods, but make up for it and more in others.

I've been buying and stacking a lot of Hive from the start of my journey, powered up a fair bit too. The problem is that I bought heavily by converting my HBD to Hive back when Hive was around $1.3-1.5 lol.

Who knew the price would drop this low haha. Mann I could've bought a lot of Hive if I had those HBD right now.

Nice power-up and I don't think I will ever be a whale. I didn't really take advantage of the HBD pump because I was busy shoving them into my HBD savings each week.

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I have put some in there, but had some liquid too, just in case. I don't think I will get to be a whale either - but it can be a goal that changes behavior still :)

My play with Hive this cycle...

Sell HBD to Hive when cheap( and quit that sweet 20%APR ) - Already done, a little HBD left.
Wait and enjoy the higher vote value - ongoing.
Start power down when things start to really heat up and Hive price nears previous ATH-s
Every week or two weeks sell Hive into HBD and enjoy the juicy 20%APR again ,until the next low phase and repeat.

In theory, should be a great growth plan 😀

It is a good theory - just stay attentive and it should also work out :)

I really should set some actual buys and sells, rather than just relying on catching the pumps.

I place orders on the internal exchange. +80% for the Hive pump. In the case of a small pump, on the first day I will sell a part of HIVE for a profit of 20-30%.

Yeah, I just forget to set the orders. I used to be more diligent.

its always nice to buy at discount:)
the more power the better its in long distance, are you only investing in hive? or got some share in other projects?

Hive is probably most of what I have, but I also am in on Splinterlands over the last year and a half, as well as a few other tokens here and there. Nothing too fancy though :)

Good luck. I have also got some and powered up 11 Hive. He he!

11 is great - a million people trying to power up 1000 HIVE and that 11K is going to be huge ;)

I am laughing reading this in the middle of the night. 11 Hive, not 11K Hive. I only powered up 11 Hive, as I power up another 10 for another account that just started. I only made 21 Hive (got 50% hive 50% HPD set up).

lol - I didn't check what you had in total. I always thought you had more from over the years.

You know how some people only comment on those with stake?
That has never been me. :)

Nah, on this account I have only 1300. On the gaming account, I do have some 5K, but there most of the value is invested in Splinterlands.

I comment to the people where I like what they write.

I have joined every Power Up Day since last April with 10 HIVE, poor me ;)

Then, I wonder how those whales received 500k or 1 million HIVE in just six years.

Some of the whales were here at the start with mining. Some bought in after at the lows. Some bought in at the highs. Big range of people on Hive and not all were wealthy from crypto first.

A decent enough job?

If this is a decent job then I hope to do a decent job too heh heh!

However, I believe that if you set yourself 1 goal you will be able to achieve it... trust me I have an eye for these things😉

One goal at a time - lots of steps along the way. :)

I am supportive of everyone on their way up here who are willing to do the work and be part of the community :)

Well yes, a nice trip and I think it's important to enjoy all the steps 😉

Obviously it takes commitment, but that takes everything in life.
However, you are rewarded and here on Hive there are many different rewards.

Buying cheap tokens when the market pumps one coming or the other like HIVE or HBD is a lesson that keeps repeating around. Everyone should keep some liquid assets for such opportunities, only I cannot abstain myself from either Powering Up or putting HBD in the Savings. I guess I go with the safe side of things, even if the growth is much slower this way.

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Solid advice. Commonly called keeping some dry powder. I think it’s wise to always keep some liquid Hive on Hive Engine and HBD on Cubdefi for these unexpected price drops

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Looks like you made a pretty good move. I caught some of it too before HBD fell back down. Heh I should also set some buy and sell orders. And I keep saying that every time I miss the best timing on these pumps. Someday I'll get around to actually doing it.

I suspect that the latter that is the more likely. So, if I want to "Whale-up" it will be through a spike in HIVE value to the point I am comfortable enough to sell, then a long-ish wait until it is down to where I am comfortable to buy again. For example, if HIVE spiked to $5 worth, I could sell 50,000 HIVE for $250K, then wait a year or two for it to drop back to $1 so I could buyback and whale.

See my only problem with this is.... I never want to sell my Hive, even if it is with the goal of rebuying. Haha. I guess that proves I'm not cut out to be a day trader or serious investor.

But yeah, I have thought the same thing. My current goal is orca. That is around 50k right? Or has it drifted up to 60k by now? Either way. The next time the bull run comes I am going to be more aggressive about moving gains into HBD, then when the bear comes again I'll use that to buy Hive.

Anyways, congrats on the power-up for HPUD!

If Hive shot up to $5 and I sold a bunch, it'd just climb from there. Seven dollars would be our new floor.

Congratulations @tarazkp! You received a personal badge!

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I agree it will become more valuable over time a sit enables you to do whatever you need to do on the blockchain. I still don't get it that some people have been here for years and hold no or little stake, Surely they know and can see the value or do they think that when it is more valuable they will still find support? I tend to think not as there will be 10 x the amount of people and attitudes will change. You will become a whale one day as growing your stake is an art and you know how to do this.

Nice power-up! especially after this Hive pump today! Up 43% vs Bitcoin 🔥🔥🔥

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