A Method of Investment in HIVE
Hello friends.
Hive Blockchain is a Crypto Based Decentralized Social Media Blockchain.
Hive Decentralized Blockchain is a Web3 Social Media Blockchain Platform with no CEO or Chairman.
Hive Blockchain is more decentralized than other Blockchains and is more democracy.
The Hive Blockchain is led by Witnesses and Community Leaders selected by Users' Votes.
In Communities, Country-wise Community Leaders, Blockchain Gaming Community founders, DeFi Finance Community founders and Technology Developers, etc. are running Hive Blockchain with a wide range of Ecosystems.
So I'm moving forward using Hive Decentralized Blockchain with confidence.
I have invested Time and Activities mainly on the Hive Blockchain.
Investing in Hive Blockchain will not yield good short-term investment returns.
Therefore, I have estimated 10 years as a long-term investment in Hive Blockchain.
I am doing various things like Blogging, Curating, Gaming, Staking, Pool Mining and Trading in Hive Blockchain.
Specifically, I invest in Hive Blockchain as Hive Power saving.
We earn HP and HBD by blogging on Hive Blockchain.
HBD is Hive Blockchain's Stable Token worth around $1.
I usually buy Hive with Author Reward HBD.
I am not Panic Buying in buying HIVE with $HBD.
The system I buy Hive with is the Dollar Cost Averaging Style.
When we do trading, we generally want to make a profit by buying at a low price and reselling at a high price.
Buying a product is important in trading to make a profit.
Waiting to buy at the lowest price is weak to ready and selling at the highest price is difficult.
So instead of buying the dip, I like to buy a few times, rather than buying a lot in one round.
See the chart below for how I bought and collected HIVE with $HBD.
| Timing | Hive Price | Amount HBD | Amount HIVE |
|---|---|---|---|
| Day 1 | $0.401 | 10 | 24.938 |
| Day 2 | $0.382 | 10 | 26.179 |
| Day 3 | $0.352 | 10 | 28.41 |
| Day 4 | $0.325 | 10 | 30.77 |
| Day 5 | $0.344 | 10 | 29.07 |
| Day 6 | $0.363 | 10 | 27.543 |
| Day 7 | $0.356 | 10 | 28.09 |
| - | Average Price | Total Investment | Received Saving |
| - | $0.35896 | HBD 70 | HIVE 195.006 |
So, I was able to buy HIVE 195.006 at a price of HBD 0.35896 within a week.
I usually only resell above the Hive price of $0.6.
But I don't sell HIVE much because I set the investment period in HIVE as long.
This is about the Dollar Cost Averaging method of buying HIVE investment on my HIVE Blockchain.
What do you do?
Tin Aung Soe
Posted Using LeoFinance Beta
I'm a newbie and don't have any idea what to do with my HBD and Hive, thanks for sharing this. I got an idea.
Glad to read your reply!
This is similar to the average price I converted my HBD into HIVE.
My plan is that when we get back to 50c, I'll convert 1/2 back into HBD and place it into the HIVE:HBD LP on Cub Finance.
Posted Using LeoFinance Beta
I can't able to use Cubfinance.
But,
I leave the capital out of the trade and power up the profit.
Posted Using LeoFinance Beta
Ttue, the dollar cost averaging method you adopt is a good method that you can used to grow your Investment.
Thank you
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Posted Using LeoFinance Beta
Nice post
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Good method.
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