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Every once in a while we see a pump like yesterday Hive made a comeback pump to $0.5 after days of consolidating in between $0.4 range.
Dollar cost averaging with Hive is becoming my main part of trading. Since DCA comes with it's benefits with less risk that I found more suitable and want to share that new DCA strategy of mine here.
Dollar Cost Average with Hive
It took me some time to make a DCA strategy with Hive that could work with Increasing $HBD Savings, HP and cutting expenses when needed at the same time.
So, firstly I have set my payout to This
Keeping one thing in mind that I won't power down HP and with 50% HBD I'll do Dollar cost Average (DCA), increase HP doing power up and also for expenses of real life at same time that's why I have set my payout to this 50/50%.
The Art of DCA
Before this pump happened I bought Hive at $0.42 to downwards at $0.35 was lowest in parts.
It require Patience to hold after you buy with DCA it takes time. I did powered up couple days back and Hive finally pumped last night. So, I sold like 57 Hive at $0.4824 something into $HBD.
Next thing is to Repurchase
Now some of $HBD will Go into savings and will HODL some to Buy hive again in the range of $0.4.
After buying hive again next thing is powering up some and the cycle repeats if thing's goes well.
It is kinda helping to increase few Hive and getting to know more about Hive price action through this process.
Wrapping up...
Lastly, hive is a smart investment in a way like you know if not DCA than there's countless more options to let Hive work by increasing HP or HBD savings and other ways.
More possibilities of diversifying in a ecosystem. For me with little amount when I've liquid assets DCA works fine and helping to reach my Goals.
In the end do let me know if you've ever did DCA with Hive and from how long in comments.
Fin.
Your support is much appreciated. Don't Forget to hit Upvote, Comment and Re-blog.
Thanks for reading.
Greetings.
All the content and images are mine except indicated. No copyright infringement intended. 06/04/2023.
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