What I learned from Yesterday's dip!

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If you guys have been following my blog posts even just for the last two weeks, you will know that I have been experimenting myself in the risky world of TRADING.

My first two days didn't go well as I thought it would as I bought some BNB at a market price of $600/BNB (didn't realize this is one of this coins all time high) and it all went down to $520 days after and even triggering my sell order losing me near $20 USD in just days after I started trading.

Don't pity me that much though since I have a hard rule of not investing any personal money of mine in the online world (Don’t invest what you can’t afford to lose or so they say) and I have only been using my last two weeks of author rewards.

My growth in the blockchain might be slower compared to others but at least I am not losing that much. XD


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Anyways back to what I really wanted to say here, I wasn't exactly worried about yesterday's very big dip but if there is one thing that I learned through experiencing yesterday was that it pays to have some liquid USD on your portfolio or wallet.

I saw HIVE reached around $0.38 USD yesterday and the first thing that really came into mind was that if I only have at least $100 USD at that moment, then I would be able to get 263 HIVE.

I was even contemplating on selling all the coins I previously bought a week ago and use the $$$ to buy HIVE. After giving it some thought and a rough calculation I didn't do so since even if HIVE bounce back to 0.6USD a day after, I would still take a $20 loss.

So yeah I just painfully watched HIVE start increasing again. But I was really itching to get some HIVE when the price was at it's low.

Since I will be getting my first round of powerdown today, I decided to at least delay my plan of buying some CUB and stake 50 CUB's before the month ends. I decided to place a sell order for my liquid HIVE powerdown, sell it at around 0.650 USD to get myself some liquid USD first. With the market this volatile in the last few days I think I will have another chance of buying more HIVE in the next few days. XD



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2 comments
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I definitely pay attention to the USD prices of cryptoassets, but at the end of the day, I plan on using most natively, so their USD price doesn't matter TOO much.

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