Using Steemit and Hive.
First and foremost I would assume that unless you hold a sizable amount of coins and wisely delegated it, that you either are writing good content or curating for optimum results or doing both. Steemit and Hive being social media platforms should benefit people for the way it was created in the first place, being a platform where people can see the content they are looking for and that they can have engagement or interactions.
By supporting those purposes of a crypto social media platforms you are already earning coins with Steemit or Hive or both. What I am trying to say is because there are a lot of ways to increase your coins inside these two mentioned platforms.
Introducing TradeSanta Tool. The Most User-Friendly Crypto Trading Bot Sevice.
I am assuming that you already have a long term strategy of how to earn your Steem or Hive coins starting with whatever resources you have at the moment. What I would add is how to reliably further increase your earning potential with your earned coins. By consistently doing the planned strategy, I believed that you will get profits in incrementally increasing amounts.
We will use the crypto trading bot service called Trade Santa. Trade Santa is newbie-friendly, so learning to use this tool shouldn't be a problem. Plus, I would be citing the specific set up that you can copy or modify later.
Of course, if you haven't signed up yet, I would recommend using these two exchanges first. Binance and Bittrex , these are two good exchanges that work perfectly well with TradeSanta.
The Strategy.
What is better is that you can actually start using TradeSanta for FREE. As your portfolio grows and you can already afford it, upgrade for more features. It's like using a little portion of your profits to pay for it. You can say, this is risk-free. You can use up to 2 trading bots with up to $3000 monthly transaction limits. For more info about TradeSanta, you can also see my TradeSanta Review .
First on my list is to build either Steemit or Hive account, set your goal (say 1000 or 5000 or 10000 SP/HP) once you have a respectable amount of coins then you plan how much to withdraw (power down) and how much to keep growing your account. These withdrawn weekly amounts will be used for your crypto bot trading set up.
This is what I do (feel free to copy or modify it). We will use the Binance and the Steem in this example; since I now have the coins on my Binance wallet, I will use a sell (short) strategy. You can choose between a Grid bot or a DCA bot. I choose Grid bot this time.
There are lots of walkthrough guides and tutorials inside the Trade Santa platform. How to connect your exchanges with TradeSanta, the basic definition of terms, how to select your trading pairs, etc.. You can browse on it later but for the purpose of simplifying this presentation, I would go directly to what I am using.
Good thing is that with Trade Santa they already have long and short templates. I selected a short template then set up my parameters for the bot to execute. In this specific bot, I use BTC-STEEM pair, I targeted 0.75% Take Profit, I chose Percentage of Deposit instead of Fixed Value at 50%, Step of extra order and count of extra orders to 1. Under the Advanced Settings, I turned on the Bollinger Signal.
Now you can set up your own parameters, depends on how much risk you can take and what is your outlook strategy, My presumption on this one is that Bitcoin, Steem, and Hive will be here for years to come. So I almost all in for choosing Percentage of Deposit at 50% with 1 extra order, pretty much exposing all my assets for trading.
Hive and Steem Price Ecosystem.
I think this is also good for Steem and Hive coins for its price stability especially against Bitcoin. My bot will sell my Steem or Hive every time it goes up against Bitcoin and will buy it again every time it goes down. Good for coins activity in the exchanges. As more people will use the same strategy, it will affect the market movement, it keeps the balance between the two trading pairs.
Why don't you give it a try? Anyway, it's FREE for TradeSanta on its trial plan. You see it first before you commit to anything. If you haven't signed up yet, join Binance and Bittrex exchanges first. Feel free to message me if you have any questions.