With HIVE dropping to $.23 I figured it might be time to start dipping my toes back in...
Earlier today HIVE dropped all the way down to $.23 on Bittrex.
I didn't back up the truck just yet, but I figured it was time to start nibbling again...
(Source: @jrcornel/transfers)
Which is really the first time I started nibbling again on HIVE since it ran up to a dollar over a month ago.
As I mentioned, I didn't back the truck up just yet as I wouldn't be surprised to see HIVE go lower if BTC pulls back, which I think could happen over the coming days/weeks.
However, just in case it doesn't I figured now is a good time to start scooping up some HIVE again as it coming back to support levels on the HIVE/BTC chart.
It's a good time to be buying HBDs on Upbit...
If you have an Upbit account you have some interesting options right now with HBDs...
They are currently trading significantly lower than they are Bittrex:
(Source: https://coinmarketcap.com/currencies/hive-dollar/markets/)
Which means, one option would be to buy HBDs on Upbit and then transfer them over and sell em on Bittrex.
You would collect the spread, which in this case is roughly 8% or so before fees and slippage etc.
Another option would be to buy HBDs on Upbit and then send em over start a conversion on peakd.com, for HIVE.
At the current price that leaves roughly 14% profit potential in 3.5 days depending on what the price of HIVE does over the next 3.5 days.
Unfortunately, US based users are unable to participate on Upbit, but some of you out there may be able to take advantage.
Stay informed my friends.
-Doc