It Didn't Go According to Plan, but it's okay Tomorrow is Another Day
I am really happy during the past days because I have a successful trades on my Binance account. I'm only using the coins that I trust the most which is Bitcoin Cash then another one was added which is Hive Token. Though I only used a small amount just to test the water. On Hive token so far I am getting a good result but I feel like I don't know yet that token. While on Bitcoin Cash, although I didn't know some it's important use still I can say that I already trust it. That even if it dumps hard I still believe on it.
I dunno, I just have that kind feelings for Bitcoin Cash. Bitcoin Cash disappoint too in some ways but my trust to it is still as strong as my slap, lol. You know that feeling that I can put all of my trust on it and no matter what other people say I will still continue to support it. I mean, it's not like Bitcoin Cash will stay on this situation. All of the coins and tokens are all in a mess. Bearish month yes, or was it a year? I already experience the worst of Bitcoin Cash even crossed $95 but I still believe in it. Just saying, hehe.
Okay back to my last trade. The other day I decided to send some of my Hive Token from Hive to Binance. The plan is to do that arbitraging and take advantage of the sudden change of price of HBD or Hive Backed Dollar. While the HBD/HIVE pair crossed $0.46 in the Hive Internal Market, HIVE/BUSD pair on Binance is still at $0.57. Very good to do arbitraging right. Actually I was able to buy 88.632 Hive using 46 HBD for $0.519. If I send that earlier to my Binance account and sell it at 0.57, I can get $50.52 with profit of $4.52. Not bad right?
But this didn't happen instantly because I made a decision a little late where Hive is already at $0.54. But I still send a total of 187 Hive from my Hive wallet. I plan to send that back once I already gain some. That day, I just set a sell price limit of $0.575. And sending this to Binance actually cost me 2 Hive because of the price difference. There are really a lot to consider when doing this, I just realize it. I'm not even sure if what I'm doing is right, lol. But either way September 15 when this order I created was filled.
I am actually regretting it because I plan to change my sell limit a little higher but O forgot about it, lol. It actually pump and reach $0.59 while my sell limit is only $0.575. I'm regretting it but I'm still thankful that I gained a little $3.45 on that trade. So from there I continue to trade it. But I change the pair. I saw that I won't gain that much if I use Hive/busd pair so I bought BCH using the amount I get from selling my 186 Hive amounting $106.95
I saw BCH movement and it's really up, down, up, down which is I think a perfect one to trade, lol. What I want is to just earn a little on that trade. While waiting for Hive to dump again I can use this opportunity to earn more stablecoin.
This is my 4 successful Trade after selling hive and buying BCH. On that short trades, I only earn a little but already big enough for me considering that I only have a small capital.
This is my latest buy order. I created it yesterday and as you can see it is still not filled. BCH crossed $123 something today and I am so happy with that. But because of that my order was not filled, lol
But it's okay, marami pa namang bukas ee harharhar ⁽⁽ଘ( ˊᵕˋ )ଓ⁾⁾
September 18, 2022
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Buy high, sell low?