Welcome back,
A few days back, I shared my portfolio from the Hive Ecosystem on Tribaldex. Those were my tokens from the Hive blockchain, which included LEO token, BEE token, and Hive token itself.
Today, I am going to share the change I have made in my portfolio by exchanging some tokens for others based on the current market situation.
In the screenshot below, you can see that I currently have Hive, LEO, LSTR, and BEE tokens as my top 4 holdings. Initially, my top 4 holdings were same but I continue to swap LSTR for Hive and I bought them back recently.
Recently, the LEO token crossed 1 Hive per token, and that is when I exchanged LEO back to Hive. Now, I am waiting for the dip. Once LEO comes down to 0.9 or 0.8 Hive per token, I am going to buy them back and exchange my Hive tokens for LEO again.
This is how I plan to continue buying and selling whenever I get the opportunity.
For LSTR, I think everyone knows the reason behind why I am buying them continuously. I have 9 LSTR again and I bought them at 27.5 Hive, that is the best discounted price for me, I am so Happy.
For BEE token, I actually do not have a specific reason to hold it, but the main reason I own it is because it is a native token of the Hive Engine used to create new tokens on the blockchain. I think it is a valuable token because many projects are coming on the Hive blockchain.
It never stops, whether it is a game or any other project, Hive is always known for something new. So, I believe the BEE token is going to stay relevant for sure.
Now, there is a new token I am planning to add, and it is called BRO token. The reason I want to add this token is because I read something about it on one of the Discord servers.
As you can see in the screenshot above, one BRO token is currently trading at 9 Hive per token, which means it is quite expensive. In that Discord server, I saw a discussion about people who own 1000 BRO tokens. There were some benefits mentioned there that I liked, I do not remember all of them properly, but they sounded quite good.
That means it would be a total investment of 9000 Hive, which I do not currently have, and I might not be able to reach that number soon. But I am going to start collecting this token from today itself.
I want to ask the readers, do you think I should start buying at this price, or will there be a chance to get it at a lower value?
In the screenshot above, you can see that on 7 October it was trading at 8 Hive per token, which is a discount compared to the current price. And if we look further back, in August it was even lower, at around 7.8 Hive per token. So maybe I should wait a little more, I am still not sure if I should buy it now or wait.
You can tell me what you think in the comments, and I will consider your suggestions. For now, I am more focused on Hive and LEO, and I will continue to exchange both tokens for one another and try to make a profit.
What are your thoughts about my strategy? I hope you liked it. Do share your strategies in the market so that I can learn from you as well.
Thank you and Happy trading everyone.
Posted Using INLEO