Hello SPIers, I am not a man of faith, but when I saw HIVE pump the other day from $0.40 to $0.49 and saw the action coming from Upbit, I thanked Jesus, Ganesha, Allah, Buddha, Zeus, Odin, and Batman. This is definitely good news for us. I thought the Upbit traders were gone, but it looks like they just took a break and waited for the price of HIVE to drop 30% 😁.
I'll not lie, I was worried there for a few weeks. From my understanding, Upbit got slapped with fines for not KYCing some users and the issues came mainly from non-Korean users. There were money laundering accusations but when crypto is involved there always is. Seeing this 20% pump was like a weight off and the cherry on top was the pump came at exactly midnight GMT.
Fun Fact
Every time HIVE gains and loses $0.01, SPI gains are loses $3500
SPI is very HIVE heavy this cycle so when the price of HIVE is moving 10-20% in either direction, our gains are losses are 5 figures. We hold around 350k HIVE, 150k is powered up and another 200k is being powered down (10 weeks left). The cycle normally has some of top around March/April, a pull back for a few months and then full steam ahead the rest of the year so the powerdown is planned to finish at the end of March just because we dont what can happen.
Can HIVE crack $1 before they are not? Last cycle, HIVE went to $0.80 by the end of March 2021 and then dropped down to $0.20 at the end of June before it mooned to $3.40 in November. If HIVE hits $1 this spring, there's a good chance it'll drop to at least $0.50 again before it gets a second wind and moons proper. There could be an opportunity to turn 200k HIVE into 400k HIVE but whether the opportunity comes are not and whether I pull the trigger is another thing.
The fund peaked at a value of about $300k 3 weeks ago when HIVE hit $0.65 and then dropped to $180k by the time HIVE was trading at $0.38. Losing $120k in dollar value in a few weeks is crazy but it has since bounced back to $220k so we are on the road to recovery. For SPI to hit all-time new highs, the price of HIVE would need to be around $1.20 and that push us to over $500k. I dont think this will happen but if HIVE were to reach its last ATH of $3.40, SPI would be worth $1.4M which is...nuts.
Anyways, enough daydreaming of what could be. Thats the post, Upbit degen traders are back!! Good news for HIVE!
GREAT NEWS!
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDSI |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
| EDS-vote | @eds-vote | n/a |
| EDS DOLLAR | @eds-d | EDSD |
| DAB token | @dailydab | DAB |
| DBOND token | @dailydab | DBOND |
| RUG token | @rugem | RUG |
Stay up to date with investments, and fund stats and find out more about SPinvest in our discord server
Otimo ouvir isso
Great to hear this
It makes me laugh watching the consistent pump at midnight. I'm too shit of a trader to take proper advantage of it but it's fun to watch.
Damn, you forget to thank Wonder Woman