Hello fellow hivers.
After finding hive again (i was in steemit before) and getting involved once again, I read a great post about buying or selling hive, the crypto, at the right times so that you could slowly build and amass more and more hive. I know I don't explain it good, but basically I want to sell hive when it is high in value, and get HBD, which is more stable and at a set value of about $1 usd. Then, when price of hive has dropped and can be bought again with that HBD, but since the value of hive is less now, more of it can be bought for that amount of HBD.
Basically its same with stocks or any other trading thing.. buy low, sell high. It just so happens that recently price of hive is high, so I 'sold' it and got HBD. I intend to start new with buying low when price of hive is low. (in my opinion.. lt's say buy at $0.80.. and/or sell to HBD at that or greater)
Of course noone times the buy an sell perfectly, but here is a chart of the past year of hive..
If one had bought at the recent low of $0.77 (the first arrow), then sold hive to HBD when it spiked up to above $2 shortly after... well, there money to be made.. :)
So, starting 2 months ago when hive was above $1, I've been 'selling' it to get HBD. Whenever I get more hive, I sell it since it is still very much above $1.
Here' my last sale I made earlier today..
Now Here's come my request for advice as I'm sure there are much more knowledgeable people out there. As you can see by the amounts traded. I got exactly the same in HBD as I did selling my hive, even though hive (according to today's price) should be worth much more.. yet i got the same. I looked back at my old transactions, and although I did get more HBD than i sold hive, it was never even close to what fair market value should've been.
I think a lot has to do with using the 'market' to buy/sell hive..
I think it is very fast and convenient, but you pay A LOT for that convenience.. about 33% to be exact. imagine selling 100 hive now when it's value is $1.50, so u should be getting $150 in HBD, right? but then you only get $100 in HBD.. you just paid $50 for the convenience.
I will try and use blocktrades from now on. That can be chosen from the hive market page. They should have better, fairer spreads.
click these lines to get to it..
That's it. I don't know how else to do it. Is there anyone who knows a better way? Thanks in advance.