[Hive talk] Understanding crypto trading - Episode 10
Previously, many of you have been asking how do you get HBD to trade with Hive? This is the exact episode I'm going to show you. If you do not notice HIVE just hit the $0.96, very near to the round dollar mark moment ago, better go check it out.
Originally quoted April 26,2020 at @coingecko
So you'll be asking, why not just sell them all at $1? Now this is the exact same question I asked many of the Bitcoin investors who bought in at $3000, and they did not sell their coins at $19000, I ask them why, they all regretted and told me they originally eyeing on $10,000, and then they sold some. But realized later it kept on making new highs, 11k, 12k,14k, 16k, 19k. They just couldn't make up their mind whether to sell it or not anymore. This is it, greed came to play and many got stuck! I'm here telling you, I sold majority of my liquid hives at $0.40, so much lower than the current price. And I am not even bother to look back. Because, HBD is taking care of the amount of HIVE coming back to me in the future. Let's see whether you're still saying I'm bias.
First transaction
Two days ago, it was still 1HBD for 5HIVE. The exchange rate was still 0.20
A spike
Whilst I was having fun watching TV, enjoying my Friday, suddenly these positions picked up. 0.25 triggered, followed by 0.30.
Even when I was asleep
When I was asleep, it keep on trigger 0.35, followed by 0.4.
And then 0.45 once again before I manage to check it out.
So, it wasn't so much happening
I have taken my lunch, nothing much seems to be happening. I did some transactions, traded some at bittrex, some at with @blocktrades, and blocktrades is really convenient despite the fee is slightly higher, but well A plus for less hassle on manual trading. Throw the hive in and BTC came out from my external wallet. Suddenly, it goes 0.50 and 0.55. WOW!!!
Roller coaster ride
Today, is a roller coaster ride. You just couldn't imagine how the table flip in two days time. 80% of the sell limit orders triggered, and left with two only.
Do I really make any profit?
Tehnically, I haven't make any profit at all. I have invested a total amount of
10hive x 0.2 = 2HBD
10hive x 0.25 = 2.5HBD
10hive x 0.3 = 3HBD
10hive x 0.35 = 3.5HBD
10hive x 0.4 = 4HBD
10hive x 0.45 = 4.5HBD
10hive x 0.5 = 5HBD
10hive x 0.55 = 5.5HBD
10hive x 0.6 = 6HBD
10hive x 0.65 = 6.5HBD
10hive x 0.7 = 7HBD
10hive x 0.75 = 7.5HBD
10hive x 0.8 = 8HBD
10hive x 0.85 = 8.5HBD
10hive x 0.9 = 9HBD
Total amount of 150hives. Below are my order lists.
It was originally done at April 7th, just few weeks ago when I was introducing to you I'm buying HIVE with HBD. And many of you were asking how do I have so much of HBD? I don't, market gave it to me, like today's event. Back then HIVE was way too cheap, and therefore having so much HIVE in hand is just ridiculous. Can you imagine when we were talking about $0.10?
At that point of time, when I ask you to buy, you probably think I'm crazy. So, it's best to buy with HBD. Technically, I have only invested 150 x 0.102326=$15.35 for the 82.5HBD I have in hand now. Why don't we check on HBD price now? Shall we?
Was it so bad afterall? You may be saying, had I still have that 150HIVE, could have traded it for $0.80 for $120, why need to settle with $82.50 of HBD? My answer is, take the dollar value out of the equation if you're not using it. I'm talking about the number of possible HIVE I can own in the future.
Time to reload
Checkout what happen on April 25th. I have reloaded all the buy orders with the freshly brewed free HBD from the market. There is only two way I can get my HIVE back:
- HBD raise the price, and my buy order will be trigger to buy more HIVE
- HIVE price down, if back to 5:1 against HBD the ratio will go back to 0.2 again
Regardless, as long there are still HBD around, I will have orders ready to buy back HIVE. And if these 82.5HBD all triggered, I will be 285.796HIVE richer!
Previous Episodes
Part 9 here
Part 8 here
Part 7 here
Part 6 here
Part 5 here
Part 4 here
Part 3 here
Part 2 here
Part 1 here
@tipu curate
Upvoted 👌 (Mana: 24/40)
Those were a crazy 72 hours for the Hive Price, I parked the sell orders as we have discussed on the previous post and the average was around 0.52 HBD per Hive... Those Hives were bought at 0.15 on average so the net result was really good...
I already parked my buy orders and currently am on the process of parking the sell ones...
That's correct. Sell for cheap HBD, buy for cheap HIVE.
Where can I keep track of the HBD to HIVE ratio?
Go to your wallet HTTPS://wallet.hive.blog then use the market function.
Oh thanks. Interesting.
I still don't understand when I should trade though, or if I need to trade to other coins to earn some. I don't know how to use the market function either. Can you please point me in some direction? I need to get some traction here :P
If you read this article, you'll realize at the bottom of each post, I provide back link to previous episodes. If you don't mind, you can read through the entire episodes and you'll probably get the idea how fluctuations can bring me extra income and hopefully bring some to you.
I thought so! I did read, and will check all the episodes.
Thanks. I will get back to you if I have doubts ;)