With this Hive pump, I just got 100K (or > 1 million) DEC richer.

in LeoFinance3 months ago

With this Hive pump, I just got 100K (or > 1 million) DEC richer.

Do you guys still remember the Splinterland's land sale that happened on last year? There were three 3 presale planned for the players to grab the land and price was increasing at each successive presale.

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So at very first presale I was planning to buy a tract and it's price was 850K DEC (or 750K DEC if bought in pool of 10 tract.) At that I was having around 650K DEC and I am short of around 100K DEC and I decided to take chance by trading so that I might be able to generate extra 100K DEC by trading back and forth.

Move that backfired badly

Honestly my trading move backfired me very badly because DEC was constantly near it's peg value of $1 , I sold all DEC in price range of .0054 to .006 and afterwards DEC move towards to the price range of .008, all due to falling Hive prices. In the end , I was sitting on some 3680 swap.hive with all DEC sold.

Patience pays

Hive was touching its low points of less than 11 cents, (When I sold DEC, Hive was around 15-16 cents I guess, that is also a low value) . I thought myself I will keep this swap.hive until the Hive price improve an buy the double amount of DEC.

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So today when Hive pumped I am able to buy 1728K of DEC with my 3680 swap.hive.

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Still shot from Coingecko during Hive pump

How much is exact gain?

Depending upon perspective, if I buy a Land tract today, it can be classified as just 100K ($70) DEC gain, (because tract now will cost 1.7 million DEC against 750K at that time) if I do not want to buy a tract then it can be simply classifies as 1.1 million DEC($770) gain.

What I will miss now?

I will miss the liquidity of swap.hive that helped me to quickly execute some trades to gain few hive here and there, It really helped me in many time arbitraging between LBI and LEO , getting some Index at very cheap but mainly I always kept this swap.hive intact because I always want to buy back DEC and don't want to be stuck with any trade.

Another scenario I considered is to power up that Hive ,in case of 3 speak airdrop.

I hope you all might have enjoyed this Hive pump and may be able to book profits.

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Please feel free to upvote ,comment and reblog.

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It appears when Hive pumps most related second layer tokens are likely going to fall or be flat. Congrats on the trade and holding Hive. Wish I had that patience.

It's a long wait, to have so much liquid swap.hive and keep resisting all temptation.
Actually I am lucky that this helped me in arbitraging LBI -LEO situation + some buy orders without losing the capital.

Not all HE tokens as such but DEC and LEO definitely show variance in HE due to change in Hive Price.

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yeah and irony to all this is people like me who been spending all my Hive and active using Hive through games like Splinterlands and Dcity is gaining the least as my earnings are mostly in DEC and SIM. while those who did nothing but hold liquid Hive are earning a lot.

Patience is key,I sold DEC at .0054 Hive and some even at .005 too.
Afterwards DEC went to .008 too. I never lost my cool because I have belief that Hive will reach above 25 cents and I will definitely make a double buy back.

I guess this is not at all right time to sell DEC and SIM, instead if you can buy any DEC below .0021 is great and easily target .0024 price range. I am hoping all this might happen in a week unless another Hive pump is not cooking up.

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No gains for me here.. had all my HIVE locked in as HivePower. Congratulations dear. cheers

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Maybe this is not the right place to ask, but I can't seem to find information about this. Maybe you can help.

  1. What is Hive Power?
  2. What is the difference between leo and hive tokens?
  3. If I post on leofinance, will people on peakd.com hive.blog etc. also see the post?
  4. If the answer to 3) is yes, what about the tokens that we earn. Can they be withdrawn as hive, as leo or how does it work?

Posted Using LeoFinance Beta

Shared in reddit, My userid in Reddit is /user/r1s2g3

Shared in Publish0x, MyPublish0x user_id is /@Rajat-G

Posted Using LeoFinance Beta

I also sold the decs when they were around 0.006 but when compared to today's dec value I did more than well :)
Very interesting your considerations, I am not very practical on arbitrage and trading and that is why your considerations and calculations are very useful to me to better understand some mechanisms.
Whatever will be your decision on the purchase or not of the track you have made a profit and therefore congratulations.
!BEER

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I am going to keep reserve of 2 million DEC. If you see the Land sale , you will see it is not moving at all.
I guess once land is just going to live, SL team will again give some kind of promotion like 10% discount or raffle tickets , Buying the land will make sense at time and again sell the surplus DEC.

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Nice - NOW it seems is a good time to buy some HE tokens, I even bought some LEO today, just a tad.

Hmmm, DEC, maybe i'll pick up some...

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look like because Hive is again losing the ground.I just wish Hive at least keep itself above 30 cents and with another pump get to the above 50 cents level.

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It'll get there, it's HIVE, it's not likely to make it easy for us!

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I am waiting for Aggy post's , he is predicting this bull run from last 15 days..He did not posted anything on Hive price from past 4 days.

Anyone that you trust for Hive price prediction and good to follow?

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I also moved my Hive to Hive Engine and wanted to take advantage of this pump. I'm not sure if this pump would last forever but I decided to purchase some Hive Engine tokens that can give a decent profit in the coming months.

I have placed a buy order for 100000 DEC today at 0.002 per DEC which cost me around 200 Swap.Hive. Let me wait patiently to see how this goes.

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Nice, I am expecting some 20-30 Hive can be made in this trade very easily.

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