Hello Fam!
I hope that life is treating you well wherever you are in this part of the world.
HIVE coin is the main coin of this entire ecosystem, and by staking this coin, we convert it to hive power. We can earn curation rewards post-staking the coin, and this mechanism is so good. The APR is not fixed because of multiple factors in curation, but still, roughly, we can expect it to be around 8-9% and this is not bad.
This time in the market, the price of high coin is low and hovering around 20 cents. The majority of my purchases for the hive have been around this price, or if I need to give a range, it can be about 20 20 to 23 or 24 cents in general, where I have accumulated all my high power from the market. Almost a month back, the price was also around 27 cents for Hive, and now it's down again. I believe that the value of hype is going to recover, and it might take some time, which is understandable, because in the market, nothing is guaranteed, and we can't even predict the next possible movement. Because of the low price, I have decided to change my strategy with HBD for the time being.
I have unstkaed all my HBD that I had in savings and it was earning an APR of 15% but I think in the current situation when the price of hive is low it can be a great idea to convert those HBD into hive And when the high price goes up then I'll think of converting it back to the HBD. my buying range is not more than 20 cents in the current market scenario so I have placed multiple orders in the market for different prices and different amount which you can see in the below snapshot-
I bought Hive for 100 HBD at 20 cents per HBD, and for the remaining amount placed multiple orders. This buying price range is 0.175 to 0.19 cents, and now I am waiting for the order fulfillment. I believe that the Hive coin at 20 cents or below is the best deal that we should not miss so I have got some quantity at 20 cents but I'm trying to be more greedy here because you never know about the market and if that happens then I'll be able to have more quantity against my HBD that I have placed in the market for the buying.
Even if the price goes down by 1 cent, I can get some quantity for myself because my order will be fulfilled, and I'm keeping track of this continuously to see how things are going in the market. This market is an internal market where we can trade between Hive and HBD. I'm not going to increase the price, but if I see more fluctuation in the price drop, then I will surely make the required changes. I had about 350 HBD, and out of this, 100 HBD is used to buy, and the remaining 245 HBD is on open orders.
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Recently, I figured out that it is a good idea to keep on trading internally between HBD and Hive, and this can be a good strategy to grow Hive or HBD holdings, so going forward, I will continue to keep some liquidity in my account and use the market opportunity whenever it is available to trade internally. It is good to learn more, and he internal market is a good place where I do not need to worry about many coins because just 2 coins are listed there, which are HBD and hive, and the process is very convenient and easy. So now, because I have placed the orders already, so waiting for the fulfillment if it happens. I am also tracking it just in case some sort of changes are required in the prices to increase the chances of the order's fulfilment. Thank you!
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Image courtesy- https://wallet.hive.blog/market
Posted Using INLEO