Dollar Cost Averaging Hive Weekly #1
Man it has been a long time since I have made a post, been having quite the busy life lately and it's hard to get the time to write.
I am going to try my best to post more and I am starting with a weekly post about buying and powering up hive again. The idea around this post is mostly logging to see how much hive I can get with weekly buys of $15 Canadian.
I know it's not much but it will add up with DCA in and I am hoping I can get to 1000 hive again by years end. This really should be quite easy if hive stays at or lower than current prices.
As we can see the price of hive and really most crypto have been on the down trend over the past year. I am glad for this as I am in a better spot to start buying in weekly in hopes the next bull run isn't till about march April.
To buy hive I actually have to buy Litecoin and swap it for hive, I may have to see if I can get one of the services that offer hive but that is just another KYC, I really don't like doing them as it give more places my identity and we all know breaches happen far to often So for now I use newton to buy as they accept e-transfer and have low fees.
As you can see with week one I was able to get 37.773 hive. This amounts to a total of 0.39 cents a hive after exchange rates from litecoin to hive and tribaldex with draw fee. Lucky Newton exchange has very low to zero withdraw fee when it is under $5. I am hoping the opposite of everyone and that hive will go down in price for a while so I can accumulate more per week and stack.
If you have any tips on buying hive directly without KYC let me know as this should eliminated some fees with blockchain transactions.
Posted Using LeoFinance Alpha