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| 1. | | parent_author | "" |
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| parent_permlink | hive-175254 |
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| author | tfame3865 |
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| permlink | the-power-of-restocking |
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| title | "The power of restocking" |
|---|
| body | "Good day pals, I know you guys must have missed me for some time now, I really do miss you guys too. Infact, going away from the chain is a big issue for me I must say. Whenever I tried to, it seems I am missing something big. Apart from the upvote and all that, I have said it time without number that the community here matters alot. I know a lot of persons who were able to achieved some certain things because of the people they met here. This is the more reason I love engaging here. I don't think I can leave this chain.
.jpeg)
[Credit](https://images.app.goo.gl/vRNP28W3nwsAKjo97)
Seeing a coin you hold rising is a big plus. It is not always easy. Imagine holding a coin for more than 3 years and it has not gotten that peak is painful. Another thing that adds to the injury is selling and it immediately rises. It happens to me some months back. I hold a coin for long and it rises a little, I dump all and ever since then, it has continue rising. This is the power of cryptocurrency, I believe we all have suffered from such pain. We all have stories to tell.
Checking on hive price and seeing it regaining after a big fall is something worth celebrating. I said to my friend, we are better than this current price. Hive should be worth more than five (5) dollar by now. I am wondering what is really affecting the price, is it poor promo or no fees. I am really confused right now but I must say, I am seeing this as poor promo. The usefulness of hive is massive, why are people not embracing it. Just take a look at smaller platform coming and over riding us. This topic will be discussed on my next post.
Deviating back to the topic of today, Restocking. To paint a clearer picture, restocking is just like purchasing a coin and waiting for it to rise so you sell and take profit. When coronavirus hits the world in general, there is this business man, this story was told by my uncle. He said the dude keeps hinting that this virus will make those who can take the risk richer. My uncle said he goes close to him and ask him how will this virus that is affecting the whole economy makes people richer. He said the price of things will skyrocket. My uncle went home, did some research and decided to restock.
.jpeg)
[Credit](https://images.app.goo.gl/jrEH3AYf1BeAnCGZ8)
He restock with all his fund hoping for prices of what he bought to rise up. As the economy begins to settle, things begin to take new prices. He sells building materials. Do you know he was happy when he saw that what he bought for $5000, the total of all his goods were now sold for over $25,000. He made good profit and said assuming he knew he could have bought more. This is mad profit I must say. This is the power of restocking.
As a business man, you don't just restock hoping for there to be rise in price, you can make lost from that hope you knew? Before you think of restocking, you should first of all study the market and knows if it will be worth it to restock a particular item for long. Do you know that some items works with season? During the dry season, I have seen timber business selling higher than the raining season. Imagine you bought a lot of it during the raining season when it is cheaper and sells it during the dry season when the cost is high. Many people understand it and they are making good gain from it through their sales.
Just like what I said above, there is cons of it. Don't in anyway thinks restocking of any items can makes you richer over night, you have to make proper research about the items you want to restock, if not you will end up lamenting and regretting. If you restock the wrong item, you will end up selling it cheaply or if it is perishable goods, it will get destroyed.
<center><div class=phishy>Conclusion</div></center>
From the above after taking proper look at restocking, I will say it is good when you researched and restocked good that you have possible insight that the demand will increases. You know increases in demand can lead to scarcity and scarcity can lead to increase in price. Make sure you make proper research about goods before you even plan on restocking it. The cons can take you out of business.
[Credit](https://images.app.goo.gl/EWMtqsR8Mb6PdYQs5)
* If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks
> Please don't forget to support the Project hope community
Special Thanks to the @crypto.piotr (Founder) and the entire team for keeping the engagement high." |
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| expiration | 2021-02-27 12:07:51 |
|---|
| operations | | 0. | | 0. | custom_json |
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| 1. | | required_auths | [] |
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| required_posting_auths | |
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| id | sm_submit_team |
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| json | {"trx_id":"d165ca3b5eb66f35066df946d7cfb96ad8b80649","team_hash":"a202375f2912db73a40d4b3b7c13d4ff","app":"splinterlands/0.7.86"} |
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| extensions | [] |
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| signatures | | 0. | 1f2e37b6e242e7f8e12d6d39aaddc971d30da8659d5618022d41402512b89abd0c2a6e0db1eef48925f00fe6a2da24b431b2e7aa1474116839e8b2287d7549a09e |
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| transaction_id | 6094b59d618850efd17b9226fa474ff7c5501a1f |
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| block_num | 51,696,358 |
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| transaction_num | 32 |
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hiveblocks