Today Hive had a nice pump. After a very long time, there is a price movement for Hive. This has not been the case for the last few months, I should say. It was very good to see a positive price improvement. I had bought a few Hive when the price was around 6 cents. Now for the 2-cent pump, I thought of selling Hive and booking a profit back. Unfortunately, I don't have the Hive in the main balance, but instead I had them as SWAP.HIVE. Now I have to convert them from Hive Engine to the native Hive Wallet and then sell them in the market.
Source - Gemini
This is a good opportunity because getting a 2-cent difference itself is a great thing. I would like to make use of this opportunity and sell some Hive to probably buy back later. But unfortunately, I do not have liquidity in the form of Hive. Instead, I have all my holdings as SWAP.HIVE. The main reason why I held some Hive in the first place instead of selling them was to book profits whenever I could and then buy back again. More like a small trade. But my funds are locked in as SWAP.HIVE. Now I cannot rely on the liquidity of SWAP.USDT or SWAP.HBD because they fluctuate, and their liquidity will also be very low right now.
If I have to use the native Hive Engine withdrawal option, I might lose a lot of money in the swapping part. Sometimes there can be offers like these where there will be a temporary pump and the price goes back to the same. In such cases, a small profit can be seen if played right. I think there should be more swap options available in the future that can take care of the automated trading.
If like what I'm doing on Hive, you can vote me as a witness with the links below.
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