Market Correction Play Hive/CUB/LEO
The other day I talked about why it's always so important to keep liquidity.
Today was a prime example of why you want it. There are a few cryptos I've been messing with lately and they are primarily Hive / CUB (CubDeFi) SPS (Splinterlards governance token of the game Splinterlands and LEO the token of LeoFinance.
Now it's great to earn rewards for creating content and blog posts such as this one you're reading right now. If you're not doing it yourself yet I highly recommend you join LeoFinance and start reading and commenting on other posts to get an idea of what you can write about and bring to the table.
However it's even better when Hive does some radical pump while the market is going through a correction. For example let's take a look at the following.
At the time of writing this post Hive currently pumped up 34.1% and that's awesome but when the markets are pumping that is often offset. However in unique cases like today right now take a look at the BTC value and percent. As bitcoins price is currently falling Hives price is going up so if you swaped hive for BTC you're now looking at a 45.8% value gain when BTC starts to moon shot again.
It's in these little quick moments you can seriously bump up your crypto assets with hive and when hive falls and the markets start to pump again it could make for another great opportunity to get back into hive. By hitting these moments you could pump your Hive assets with these two swaps over a weeks time frame roughly and see a 50%+ gain on the amount of hive you have.
Understanding Markets
Most people when trading cryptos look at $ value but for me I look at crypto value. I want to boost my stacks as much as possible and earn passivly on it only taking out a small portion of that passive crypto to live off of. The goal is to be able to live off crypto but also buy land and build a house which I don't feel I'm far off from now with a lot of hard work over the next two years.
By looking at Crypto values instead of dollar values you can start to determine what are good possible assets that are undervalued to scoop up while the hive price is pumping so that when that new asset pumps you can either cash it in for more hive or simply that single trade is making you good passive.
For myself today was a SPS trade as I know SPS earn 50%+ APR at the moment but also because I know vouchers will be a thing again all of December thus putting demand and value on the SPS token. While SPS is currently down 8.8% and Hive is up 34% that means by waiting on my liquid hive I just bought roughly 42% more SPS today than if I would have traded it yesterday.
Keeping Liquidity
I know it's hard to keep liquidity in Hive being that unstaked Hive tokens don't earn you curation rewards or a staked % however having options always feels like the best play. Your earned hive from blog posts and comments are already staked for you at 50% leaving 50% liquidity for you. For myself I do a 80/20 split so 30% of that liquid hive I end up staking so I keep 20%. When starting out you might stake a higher amount such as a 90/10 split or lower keeping it at 50/50 depending on your own goals.
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It's funny that HIVE is the one coin on my watch list that is green, while everything else is falling - I wonder why? I like your advice about keeping HIVE liquid to take advantage of situations like this. Giving yourself options is the key to life!
It does make for some interesting conversions ;)
You did everything right, I do it too. BTC grows, I buy crypto in relation to BTC, because it is more profitable, when BTC falls, then the crypt grows to it and you can increase the amount of crypt. I had 69Hive, and it became 109 Hive from such operations.
very nice good play!
I believe we will no longer see a HIVE low at $ 0.5
Over the next few months, the price could stabilize around $ 1
.
I think hive is a great one to have as liquid and just wait for those crazy random spikes then rebuy when it drops by several hundred sats as it always does.
Until it doesn't of course but that will be a great day!
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I try to build liquidity during the bull runs, and then buy back whenever there's a correction or even better, a long standing bear market. That way of thinking makes you very positive in times when everybody seems to panic. It's a great feeling!
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