My 20% Strategy for Hive
This is basically my crypto thesis as far as Hive is concerned.
One, I keep 10K HP and keep stacking with curation and posting rewards.
Two, my loose change of liquid Hive from different means is invested into worthy layer 2 tokens such as $LEO, $WORKERBEE, and $LARYNX. Actually more into LARYNX nowadays...
Three, I stash away naturally awarded HBD to earn the 20% interest.
Four, I DCA into HIVE in small amounts, especially in times when there are dips, and then put them on selling order at 20% profit immediately. I call it my 20% Strategy for Hive.
With Hive on a downtrend now, as shown above, you bet I started to DCA again.
Why am I confident about my 20% strategy at this time? (i.e. selling with a 20% profit margin after buying)
I DCA based on small amounts so I am not over-committing to buy large amounts which might backfire if the price drops. If the price drops, I buy again, and apply the same selling price margin.
I believe Hive will hit 20% higher than the current price someday. Likely faster than a year. So I will likely earn the 20% profit earlier than a year (had I saved it as HBD).
Furthermore, when the price is lower, it's easier to gain 20% than when it is higher in price.
So in a way, I am taking advantage of the dip by buying more to set a sell margin of 20% profit. Let's just say the probability of it hitting 20% is higher so I am willing to take this chance.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @thatkidsblack, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
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I didn’t expect the dip to bring levels so much lower. I like your strategy as it’s native to HIVE and simple enough for someone like me to follow.
I might highlight your idea as a foil to my thoughts today. I can’t find an opportunity comparable to crypto when it comes to investments and timeframe.
The process calls for discernment, though.
This sounds quite similar to my strategy once I've reached dolphin status. I've just reached over 4000HP from posting and curation alone, and hope to get to dolphin (about 5600HP) by the middle of the year, and I'm pouring 100% rewards into HP.
Once I'm a dolphin, I'm going to do some HBD in the 20% interest savings pot, and other HBD as liquid where I will buy low and sell high against the more volatile HIVE. I would be interested to see which does better between the two strategies... obviously the buy-sell approach is more work and more stressful! Hahaha!
Should I say great minds think alike??! 🤣
!PIZZA
Do you mean you've reached 4000 HP form posting and curiation alone, starting from 0?!? How much time did that take you? !BBH
@jasperdick! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @svanbo. (1/1)
Well starting from a small delegation to have resource credits to post that was taken away after my first rewards came in! Haha yeah, posting, curation only since I started in April 2022.
I am lucky in that I play guitar and there are many weekly music challenges. My musical friend and I make each other beneficiaries if we appear in each other's videos as well...
By the way I also do a weekly post on Thursday where I take song cover requests and give the account who asked for the song I attempt 50% of that post reward in HP. Sometimes it's nice to give back!!
It absolutely is. And indeed, I can imagine when you hit a good group with a few bigger players in it it quickly sums up :-) Keep on going, I wish you all the best! !BBH
@jasperdick! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @svanbo. (1/1)
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About the 20% strat: I never thought of such strategy. Looking at Hive price now sitting at $0.38, I would have to put a sell order at $0.456 in order to achieve +20%!
Pretty much possible during a couple of weeks to reach that price and gain profits instead of waiting for a whole year for the +20%
Yeah, that’s my thinking when I came up with it.
Your comment there is a duplicate of the comment you published a minute before that. 😅
Have some !PIZZA with !LOLZ for today! 😁
Case of buggy interface, I think.
It's good to know that you have deleted your duplicated comment, because some others don't do that even when reminded of it. 😎😏 !PIZZA !LOLZ
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But I can see mine on my counter.
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Awesome. Good to see what plans you have on 2nd layer tokens too. I have some as well... here and there.
I think with layer 2s, treat it as speculative assets. Use spare and loose Hive earned from staking to invest in them.
Hive is already a very speculative asset. Layer 2 is even more risky.
Long long term… Larynx from SPK is what I am aiming to accumulate. !PIZZA
Since you are interested in accumulating LARYNX tokens of the SPK network, maybe you are also interested in running a SPK node. 🤓
You can run a SPK node and a DLUX node (which you are yet to try) on the same machine (such as a $10-per-month #Privex VPS) and support more than one Hive sidechain network based on #Honeycomb at the same time. 😎
Have some !PIZZA with !LOLZ for today! 😁
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I just knew she was a keeper.
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Thanks again @cryptothesis all this looks quite logical and well organised, we adopt much of your thesis concerning the cryptocurrencies hive leo and others. Though with less and we are slow and make errors. With the Larynx it's bizarre we can withdraw a few dozens we try to everyday but they are not added to our wallet, and stay withdrawable.
This strategy you have made is amazing and correct. Most of the people comes with the mind set that they invest in crypto and get much more profit very quickly. But they don't know its not a short term game, if you come with that mind set you will lose your money. I like your strategy.
When ever hive goes below 40 cent, it's a buying opportunity, if you are good at trading, you can also do DCA. Your doing a great job to increase more hive stake.
Good strategy. Different for everyone of course.
Thank you for holding virtualgrowth token. You have been included in today's post.
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You techy techster you :) I have heart palpatations every time I have to trade crypto. Two types of Hive people, eh? 🤣
Question though, HOW the heck do you have any idea what you've actually made when you trade all the time? That always confuses me about you crypto savvy folks... Like, you buy Hive at lets say .36, and then go on to use 100 Hive to buy a token that costs lets say 1 Hive a pop. (wow nice pretend coin huh?!) But then the price of Hive goes up to .80 and the price of the token goes down to .50 Hive during the year.... You've technically still made a wee bit of money then, I think?
But that's ONE investment at ONE price point... multiply that even a few times and PHEW. I mean, I suppose that is why you are only buying a few different tokens?
Simple, I just put everything I just bought on sale at a 20% profit price.
If I buy at $1.00, then my selling price will be $1.20.
Is that what you are asking?
You asking, if that was what I was asking, made me totally unsure! 🤣
I think I had misunderstood your post to be about token profits?
Anyhow, I noticed we're follower twins again! Hopefully that means we will be HP twins soon too! 🤣💚💥 !LUV !PIZZA
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I think it will play out eventually but it might take quite a bit of time for it to play out. The markets tend to be more sideways than anything else right now so I think you might have to wait for quite a while.
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Anything less than a year is a win.
Now I finally understand the part where you've said that you'd buy Hive and sell it again and that this would be profitable! You sell it when it hits 20% profit... Indeed it's likely that what you've bought at 0,40 could be sold at 0,48 within the year considering the spikes we had recently. Could go wrong, but not likely and if it goes wrong it'll take just a little longer than a year and being a smaller quantity it's not a big deal. Clever strategy! !PIZZA
Ya, better to invest when it’s lower than its higher.
Of course, but the whole idea and dynamic behind it, is what I like about it... !PIZZA
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We have the same strategy. I continuously publish content in this blockchain msotly, in the LeoFinance tribe. I earn author, and curation, and there are times I power up my HBD rewards. On top of that my GLX investment was to be converted into Hive and powered up too.
I started writing content back last October 2022 and I'm glad I was able to get that 1,500 HP soon. For the record, I invested around 500 Hive when I came back here. So the 1,100 Hive was from the rewards I receive.
great job! I think you write very interesting stuff. I will follow you closely. !PIZZA
Well, I followed you too. So expect me as a constant visitor to your posts too :)