Welcome to the weekly SPI Report
Each Sunday, @spinvest uploads an earnings and holdings report to keep investors up to date with fund performance and news. You can subscribe to these weekly reports in the comments.
SPI is the flagship growth token for the SPinvest fund. Launched in June 2019. SPI tokens act as both a token of ownership and a governance token. Since launch, we've been able to 7x the HIVE value (including revaluations and token split) and 12x the dollar value of the fund.
We are now in our 5th year of operation and still going strong as we stick to our plan of investing the bulk of our holdings into time-served investments and HODL.
Our motto is = Getting Rich Slow
In our expansive portfolio, we are involved in over 30 investments, with a significant portion dedicated to HIVE, BTC, and ETH. We firmly believe in avoiding impulsive actions driven by the fear of missing out or chasing unattainable aspirations. Instead, we rely on tried and tested strategies that have proven to be the most effective and secure.
Our guiding principle is to accumulate wealth steadily, adhering to the philosophy of "Get rich slowly." We employ the power of compounding by consistently reinvesting in sound opportunities to amplify our returns over time.
When considering SPI tokens, it is essential to adopt a long-term perspective, aiming to hold them for a minimum of 3-5 years. Our rationale behind this recommendation lies in the belief that substantial returns require patience and allowing investments to mature organically. By committing to an extended investment horizon, you significantly increase the probability of maximizing your potential gains. This aligns perfectly with our overall investment philosophy and strategy, ensuring sustainable growth and profitability in the long run.
Earnings are a little lower this week than normal because leo.voter only paid out 5 times this week. We have 30k HP delegated to this so it's a decent chuck. I could open a support ticket but it only ever pays out 5-6 days a week and it would require opening 6-8 tickets a month and then having to wait maybe 6-8 weeks to get them resolved so tracking 8-12 tickets at all times. lol.
Anyways, everything else is about what it is always is. Total income this week was 303 HIVE.
Our HP balance went down a tiny bit this week and our HBD balance went down even further as i withdraw some to invest us into FET and also buy back around 240 SPI tokens as part of the 95% buyback offer SPI offers.
Double whammy this week for HBD because HIVE mooned near 20% so either way, we were going to see a dip on the chart.
We've lost some HIVE value this week in our HE wallet because HIVE mooned. HE tokens are traded for in HIVE and when HIVE's dollar price increases, many tokens will trade for less HIVE. Another way to look at it is HE are valued in $ and traded in HIVE. When the price of HIVE increases, HE trades for less HIVE and when the price of HIVE decreases, HE tokens to trade for more HIVE.
The above profit tracker chart looks like we took a big hit this week and we did in HIVE value but in dollar value, it increased so we lost in 1 hand and gained in the other.
What week for BTC!! SPI is currently up over $50k on this single investment which is mindblowing when we think it is still pre-halving. PEPE mooned 250% and we are around 10xing on our investment there. We made a new investment into FET 5-6 days ago and it's already up 60%. DOGE also bounced and we are almost doubling up our investment into that as well.
Its been a great week all round. HIVE outperformed them all this week, while not PEPE but overall.
Just before HIVE started to the moon, when BTC was $62k and HIVE was 33 cents, the BTC to HIVE ratio was 1 BTC to 180k HIVE. Since HIVE has popped off, This has fallen back to 1 BTC to 154K HIVE which is lower than last week.
HIVE increased alot this week and outperformed pretty much everything else we hold so we see a dip in the fund overall HIVE value. -2.50% to be exact which leaves us YTD with a gain of 18.65% and 10 more weeks to increase that by 2%.
Right now, im not really sure what to think of the market. If BTC hits a new ATH before the halving, all bets are off and we are in new territory. We all know that the crypto markets run on a 4ish year cycle, while...word on the street is the crypto cycle is closer to 16 years with a mini cycle within. If this were to be true, this bullrun could be nothing we've ever seen before and could really be a once-in-a-lifetime chance to make crazy gains.
There is demand for 10k BTC a day from EFTS and miners mint 900 BTC a day. Nobody is selling BTC and in around 7 weeks time, miners will mint only 450 BTC a day. This results in perfect pumpamentals because lots of demand vs nobody selling equals a 6-figure BTC price. After the next halving, if demand can remain, the demand for BTC will be 20x what is minted each day 🚀🚀🚀
All this demand will spill over into the rest of crypto and we could see an epic return as we did in 2017 from a longer than normal bullrun. It's all very existing at the time as things are popping off.
Lets hope next week is as good and see 50 cent HIVE!!!
Links to all projects under SPinvest
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS mini miners | @eddie-earner | EDSM |
| EDS micro miners | @eddie-earner | EDSMM |
| DAB | @dailydab | DAB |
| DBOND | @dailydab | DBOND |
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Sub List:-
@ericburgoyne, @mikezillo, @shanibeer, @oldmans, @roger5120, @lilolns19, @riandeuk