It’s believed that many friends on Hive is benefited from the bullish run starting from late 2023, even though the Hive price doesn’t back to the record high, actually it’s a long way to back ATH at USD$ 3.00+, but if people on Hive also investing and holding the other altcoin, there’s giant profit to them though.
image source: https://www.istockphoto.com/hk/%E7%85%A7%E7%89%87/opportunity-missed-and-taken-gm471561594-62851748?searchscope=image%2Cfilm
To myself, I don’t hold too much altcoin other than Hive, say, the Staked Atom is the second large proportion in my crypto portfolio. I only buy about US$300-US$500 on other altcoins on the Binance back in 2023, and keeping the most USDT waiting for the change to buy at low.
For people whom got some experience, it’s not strange to the earn service inside the exchange apps, however, due to the regulation the Hong Kong resident is not allowed to use the earn service on Binance. Therefore I simply keep the USDT on hand for nearly a year in Binance.
When I look back, how stupid was I, why didn’t I move the USDT from Binance to the other exchange where can let me use the earn service. Well, I started to do so 2 weeks ago, I sole some altcoin that I bought at lower, and the USDT on hand will going to buy the token again during the market correction.
But when think about the strong momentum, it’s not going to have big correction in short time, I better place my USDT where can give me extra earning before I buy the token again.
I registered on 2 exchange where can let me using their earn or so called grow service, it’s not a huge profit to keeping only 1500 USDT each in the exchange, but better than simply put them on Binance with 0 interest, right?
I also enjoyed some airdrop activity on the exchange (well I am not the ambassador of and exchange app so I am not going to disclose the exact name of the exchange that I am using for earning interest right now), it can boost my asset a bit further.
And I am planning to sell some Hive on hand when it pumps further, say, above US$1, then move to the earn or seeking for another change on the altcoin, then will sit tight, waiting for the correction on Hive then I can boost the number of Hive on hand, which is helping me on the long term development on the Hive ecosystem.
Maybe it’s depressed or lonely when you seeing the tokens that you sold keep surging, but we can’t sell at the highest price every time for sure, the market maker got the strong data base, they know all the position on each individual investor in the exchange, the game is not fair, they can always manipulate the prices, just like the stocks market. But we can still make some profit when we can catch the trend, just follow it, sit tight and sell when it’s higher.
Don’t be greedy, and we can always make some profits in the crypto market, that’s my faith. What about you guys?
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