A Simple Hive–LEO Strategy to Avoid Losses in Bad Market News
Hive ecosystem users have a very good idea about investment. We are seeing that sometimes news about the FED interest rate comes, sometimes news about Japan’s rate hikes comes and sometimes other news comes which makes the market go up and down.
Surely this news must affect the market. When news about Japan’s rate hikes started volatility increased even on Sunday and Bitcoin started to drop.
So in this situation how should you and I support our Hive and other Hive tokens so that we can be saved from huge losses?
I have a very good method that works quite well. That method is related to converting Hive and LEO tokens.
You might also be thinking what this has to do with news or market ups and downs. Yes it does. For example when we see that the news is bad or the market is expected to fall that in such a case we convert from Hive coin and shift to LEO.
What is the reason for doing this? You may have noticed that the LEO token is quite strong and even in bad news it falls very little. There are two reasons for not falling. First the volume is low and secondly investors do not want to sell because it is a strong project.
In the same way whenever we see that the market is bullish or the news is good then we convert our #LEO tokens back into #Hive.
This is because in a bullish market Hive goes up faster compared to other Hive tokens including LEO.
So this is a very good strategy by converting between Hive and LEO. We can avoid losses and also increase the quantity of our coins.
THANK YOU!
Posted Using INLEO