After months of overthinking it, I've developed a simple and straightforward hive dollar cost average strategy that I'll employ to squeeze out more Hive from the market.
The long term goal has always been to see how I can increase the hive in my collection and with this approach, I'm certain to make some hive profit.
For too long, I've been waiting to pounce on the market with the few hundred dollars of USDT in my wallet. However, I've found that while I'm fairly conversant with reading trends, I might not have the minerals to achieve this feat.
So, instead of trying to achieve that grand move, I figured I'd compress the strategy into simpler bits with a simple dollar cost average strategy.
Basically, the strategy is to slowly buy 100 hive every time the coin's value drops by a few cents. I'll rinse this approach for the foreseeable future.
On the flip side of things, if hive starts pumping at any point, I'll also be ready to squeeze out some USDT profit. It's a simple and effective strategy that I intend to milk for the foreseeable future.
The only thing that can potentially affect this strategy is the unlikely scenario that Hive enters free fall and plunges into the abyss. Don't get me wrong, I'm going to buy a ton of hive, in that scenario. However, I'll have to dip into my personal income or convert the HBD in stacking.
In any case, I've a gotten a simple but effective long term trading strategy that will help me achieve my medium term hive goals. The goal is to reach 10k hive power by the end of this year.