Powered Up 315 + 10 HIVE Today and It Feels Great!
On the 1st of every month I check the situation of all my crypto holdings on all chains and wallets. Quite a lengthy process...
Today, on one of the chains where I have some small holdings I decided to make some movements, which I did... What I didn't account for were the transaction fees that kept eroding on my liquid gas tokens until I had less than the minimum necessary to make even 1 transaction. Oops! And despite its popularity, it's not even a highly connected chain, so I'm still in the process of moving stuff around to get some gas over there for at least 1 transaction, so I can unlock more of it from a derivative. Sounds complicated? Yep, it is!
In moments like this we should be very happy, even grateful, that we have something like Hive. No fees (or rechargeable gas) is definitely different than low fees!
Back to Hive then... Yesterday I thought I was smart. I was thinking: "Hey, let's buy some HIVE now, because tomorrow it will be higher thanks to the people buying for HPUD.". It sounded like a good plan, HIVE usually bumps on HPUD, so why buy higher when you could buy cheaper?
Oh well, that didn't turn out quite like that because the crypto market decided to start "Up"tober with a "down". 🤣
But that's fine... That means slightly more time to accumulate. I emphasize slightly, because I believe this is a temporary situation where price drops were fueled by the liquidations of a significant amount of over-leveraged positions.
Today, I also received this HiveBuzz notification on my post from yesterday:
I don't often receive them because I rarely powered up my posting account recently. I generally and regularly power up my staking account, even if these days with a small amount.
But today, I decided to power up the remaining liquid HIVE from my posting account, at least until later in the bull market, when I'll do the reverse, and take advantage of our beautiful stable coin.
It's not the first time I powered up my liquid HIVE from my posting account recently either, but it's the first time when that concurs with HPUD.
Happy Hive Power Up Day!
Posted Using InLeo Alpha
HPUD has little impact on the price in the inmediate short term but it will pay in the long run
It often means a little bump in the price of HIVE intraday due to the HPUD purchases often at market price, but not today. For those who power up, it surely has a long term effect.
Happy Hive PUD @gadrian 💪🐝
Thanks!
Congrats! Every HP matters...
Thanks! It surely does.
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Happy HPUD. I think it's better to powerup on HPUD but I am glad to see that your random powerups happened on HPUD. The HP all adds up over time.
I do power up on HPUD on my staking account, but on my posting account this wasn't planned. I just decided to power up my liquid HIVE when I had it and thought it isn't much good holding some liquid anymore.
I think that's a great advantage Hive has over other chains, having to pay fees for every single transaction to move around funds isn't ideal for many.
To be honest, that wouldn't even be my biggest issue, to pay fees. But I sometimes forget to check if I have enough for the next transaction being used to almost "infinite" free transactions on Hive at my stake.
The bizarre part is when there is some military escalation, cryptocurrency seem to go down. Gold does not have this problem. Most of the large investors still consider cryptocurrency a high risk investment rather than a financial hedge and an inevitable future. We are still very early.
I wasn't even aware about the military escalations. Things will probably continue to deteriorate in the Middle East, and maybe globally from there, which would be really bad.
The problem with crypto during a war is that you need internet to use it. And internet and communications infrastructure are among the first targets during a war.
Congratulations on your power up
Keep it going and never stop!
Thanks!
Very well done! I picked up some Hive cheap yesterday morning as well!
Thanks and well done yourself!