Another biggest Hive purchase by me

About a week back I powered up like 3500 Hive which I bought using my liquid stable coins. After the market fell down and the price of Hive became half, I got hopes for a good trading option and I decided that I should sacrifice 20% APR from HBD and purchase more Hive for more than 5000 HBD I had. I know it is a big risk because we cannot predict the crypto markets. But I still wanted to give it a try. The main reason is that if the price of Hive becomes 2X from here, I would get two times extra coins which I think can be better than the 20% APR.

I placed a buy order in the internal market. I wanted to do this when the price was around 49 cents or anywhere less than 50 cents but missed it. I think 53 cents is not a bad deal after all. Even if the price heals back to 60 cents is more than that the profit would be amazing. I will be able to reach my goal of 50k Hive power easily I suppose. I guess if I power up this new Hive which is around 9000 Hive, I'm very close to reaching 50k Hive power.

As the price of Hive is low it is also a good opportunity to earn from the post rewards. People will get more Hive as a reward for the HBD they get on their posts. That's also another additional thing. I'm also happy that the curation rewards will also start growing because of a huge power-up. In that case, I would be growing my Hive power furthermore.

I have placed a buy order in the market for 53 cents but it is yet to be filled. I think it might happen gradually as the price of the coin fluctuates. Hopefully, after I go to bed the price of Hive shouldn't pump and reach 70 cents or something before letting me purchase it. Otherwise, it will be my biggest regret for placing the buy order very low. Hopefully, I wish luck favors me.

I still don't know if this was a wise move or not. The main reason is that the price of Hive had been below 20 cents in the past. That too stayed that way for a very long time. There is a high possibility for that to happen again if the market falls down again. But hope is everything and I want to have so many hopes for Hive and see how it turns out to be. People might say that it is not a wise idea to keep all the eggs in the same basket but I'm willing to take that big risk by investing in Hive which is my first preferable investment coin.

If you like what I'm doing on Hive, you can vote me as a witness with the links below.

Vote @balaz as a Hive Witness
Vote @kanibot as a Hive Engine Witness

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