Here is 50 HIVE locked up into HIVE POWER
Normally I would do at least 1000 HP per month, but citing the most recent run up in crypto prices, I am taking the opportunity to replenish my dry powder (cash) so I can take advantage whenever the market decides to dump next :)
I am not the type of investor that just DCA forever regardless of price
I also don't sell and I have a very long view. Understanding that, I have already dumped a lot of liquidity into the HIVE ecosystem in a short period of time.
It's always good to rebalance, it's always good to have the liquidity/buying power, you never know and don't want to get caught pants down when everything goes on fire sale and you don't have the money to take advantage of it.
Like Warren Buffet said:
Cash is the ultimate call option
In the last cycle, I stopped DCA purchase when crypto started to go parabolic. I HODL and I only add to my position and keep my cost base reasonable, the investment universe is well beyond just crypto.
As much as I love crypto, at the end of the day, it is all about relative price and valuation among all tradeable assets, the goal for long term success is to find the best value.
I may be buying HIVE later at a higher price, and it is okay
DCA accumulation after bull market confirmation and buy every dip is a very valid strategy, when an investor knows when to stop and execute DCA selling. I believe we are still at the juncture where there is no clarity.
Even from the historical perspective, run up happens after HALVING, like a year later. We still have plenty of time.
- 420 days until next BTC halving
- Then maybe at least a year after that people start to go irrational and FOMO taking over all common sense
Patience is a virtue
Also keep in mind this is the first time crypto has experienced monetary tightening, major economic uncertainty, and big money involvement since the creation of Bitcoin. It may be a different kind of beast and break away from historical norms. Only time will tell.
