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How do I implement my DCA strategy after comparing Hive prices in Binance CEX and Transak? by cryptothesis

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· @cryptothesis · (edited)
$2.81
How do I implement my DCA strategy after comparing Hive prices in Binance CEX and Transak?
![](https://images.unsplash.com/photo-1569025690938-a00729c9e1f9?ixlib=rb-4.0.3&ixid=MnwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8&auto=format&fit=crop&w=1740&q=80)
[Image Source](https://unsplash.com/photos/amLfrL8LGls)

*The price of Hive dropped from 50 cents a few days ago.* [See my previous post.](https://peakd.com/hive-167922/@cryptothesis/breaking-hive-touching-50-cents-again)

It is now standing at $0.4542 according to Binance CEX. *The red candle looks inviting for scooping up some Hive, especially since I am adopting the DCA strategy in this bear market.*  

![hive.jpeg](https://images.hive.blog/DQmWUw3VYU49oubSRvwid82Quh9EYuo14pJfSYPwb1AsJ9q/hive.jpeg)

Checking out the price of Hive in PeakD (based on Coingecko), it  reads $0.460. Understandably, its the average price, so it is higher than the Binance CEX.

![Screenshot 20221108 at 7.57.42 PM.png](https://images.hive.blog/DQmezbPRuosU3pE2T6GxS9rzYxXzS4JapnyDtDnv7bTSox1/Screenshot%202022-11-08%20at%207.57.42%20PM.png)

As I adopt a DCA strategy by buying directly from Transak, these days the only price I care about is the one at Transak, purchased via credit card. I do this because I wanted to avoid the hassle of converting fiat to USDT to buy from the main exchange. As a matter of fact, I often miss the low prices because of my laziness in making DCA transactions. And I don't feel safe keeping load of USDT on the exchange. 

![Screenshot 20221108 at 7.58.06 PM.png](https://images.hive.blog/DQmSpWGetQC7FSasitkSXeNm7En4Ecq5LcduEqsfJ92y3Zn/Screenshot%202022-11-08%20at%207.58.06%20PM.png)

Just how much is Hive if I bought it via Transak, incorporating the fees? 

The answer is 1000 divided by 2071.33: *$0.4827 per Hive*. 

I think its a good enough price. I go with Transak whenever I want to DCA. So long as Hive price falls below $0.50, I DCA with my credit card. Have it send to my Hive account, put in a sell order above $0.50 and I will profit. The HBD stays in the account waiting for the next buy order in the Hive market to be activated.   

So today is a good day, because I paid the price of *$0.4827 per Hive*. Happy.





![](https://images.hive.blog/0x0/https://images.hive.blog/DQmaQioiDMPpE4AcBKH6i9CPzpBZiqkEbReRYswysdbze8x/Screenshot%202022-06-21%20at%204.30.29%20PM.png)

P/S: This is not financial advice, and please do your own due diligence before investing.

**If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.**

*You might be interested in this post, @jacoalberts, @young-kedar, @vickvan, and @hankanon!*

Recent posts:
- [Journey in Hive: Full record of my posts](https://peakd.com/hive-167922/@cryptothesis/journey-in-hive-full-record-of-my-posts)
- [Let the data speak: What gets me my upvotes? And what should be my strategy?](https://peakd.com/hive-167922/@cryptothesis/let-the-data-speak-what-gets-me-my-upvotes-and-what-should-be-my-strategy)
- [Getting info about Unique Views and Page Views of your posts on PeakD.](https://peakd.com/hive-153850/@cryptothesis/getting-info-about-unique-views-and-page-views-of-your-posts-on-peakd)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptothesis/how-do-i-implement-my-dca-strategy-after-comparing-hive-prices-in-binance-cex-and-transak)
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vote details (136)
@pizzabot ·
<center>πŸ• PIZZA !


I gifted <strong>$PIZZA</strong> slices here:
@cryptothesis<sub>(1/15)</sub> tipped @young-kedar (x1)


<sub>Please <a href="https://vote.hive.uno/@pizza.witness">vote for pizza.witness</a>!</sub></center>
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@poshtoken ·
$0.02
https://twitter.com/1533275630502313984/status/1589962452204392448
<sub> The rewards earned on this comment will go directly to the people( @cryptothesis ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
πŸ‘  , ,
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vote details (3)
@young-kedar ·
$0.05
It's always a good DCA strategy to buy Hive when the price is below the $0.50 mark. Let’s see for how long will the price hover below that mark. 
πŸ‘  , ,
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@cryptothesis ·
I am aiming for 10000 Hive. So hopefully a bit longer! !PIZZA
πŸ‘  
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