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Stacking Hive: Farming Hive by trading

avatar of @cryptothesis
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@cryptothesis
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I am trying a new strategy.

The aim is to stack as many Hive as I can.

Given that I already have some Hive powered up and that "skin in the game", so to speak, I am throwing in some small amount, not just to buy Hive but to "trade it actively".

This is what happened so far.

Deposited 36.68 USDT to my CEX trading account on 12 May 2022.

Bought 27 Hive on 12 May 2022 at 0.38 per Hive. Bought 53 Hive on 15 May 2022 at 0.5074 per Hive.

The average price is 0.464 for the 80 Hive.

Set Sell order of 79 Hive at 0.52 per Hive, aiming for a 12% profit.

Executed: Sold 79 Hive at 0.5206 on 17 May 2022.

Set Buy order of 82 Hive at 0.5008 per Hive.

Executed: Bought 82 Hive at 0.5008 on 18 May 2022.

Set Sell order of 82 Hive at $0.53 per Hive.

Executed: Sold 82 Hive at $0.53 per Hive.

The current USDT value is 43.46. That is about 18-19% gain in USDT, based on 36.68 USDT initial investment.

My next move: Set a Buy order of 88 Hive at $0.495 per Hive.

I don't know what will happen. But if my Buy order is executed, I will have 88 Hive based on my capital outlay of 36.68 UST, from the initial of 79 Hive.

This also brought my average cost to $0.42 per Hive.

I find that this strategy works for me because I have no qualms in holding Hive, so extreme dips in Hive in this small bet are not an issue.

Even if I step out and be in USDT, and Hive rocketed, I have no issue as well because I have a hodling Hive stash in powered Hive.

Overall, I find this a very stress-free process.

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