SPI weekly earning and holdings Report | Year 05 | Week 27

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 this week are a little bit back to normal. We have taken 2 hits recently so im thinking around 400 will be the new norm for the next couple of weeks and then we will lose 50% of content rewards because SPI team rewards are changing. The 2 hits we've taken are defi income is low at the minute and jk6276 who runs that account is thinking it would be better to build more at this stage of the cycle so we can get a bigger payout at a later point. The 2nd hit is HP income, I have delegated 12k to @eds-vote and im holding the rewards so they are not income.

Not going to lie, im not focused on building HIVE income at this stage in the cycle. I did try for the past year but it's not easy to do without having to put alot of money into some HE token that can't support $100 24-hour trade volume. Lots of things on HIVE will pay 15-20%+ APY rewards but none will hold their value. It cool earning a 50% APY from some gaming token as an example but if that gaming token drops in value by 50% over the year, you are down 25% of your money. For this reason, I find it hard to invest in HIVE for income.

The HP balance dropped again this week. I said last week the opposite would happen but I forgot to factor EDS is minting more EDS that need to be backed with HIVE before we get the HIVE because it needs to be built before we can start a powerdown from eds-vote. Anyways in other news, with the dip in the price of HIVE, our HBD balance is worth a little more, almost 40k HIVE. I would really like us to get at least 50k for our HBD. Oh, we collect interest in a few hours, we're up to earning over 200 HBD per month now.

Started to sell off some BRO tokens, I have been putting them up in batches of 100. Sold one batch at the price of 8.5 HIVE and we're halfway through the second batch at 9 HIVE. I plan to sell down to 1000 I think. The money from this will be invested into something non-HIVE. When we get our HBD and BTC into HIVE trades done, I hope the SPI account will have a liquid HIVE balance of over 250k so HIVE will be covered and worth $500k when HIVE hits $2 in 2025.

RUNE is still on a run and we're over half way to breaking even, haha. Everything else crypto related took a small dip and both SP500 and silver increased a little.

We can see in the weight table below that our BTC is now worth 103k HIVE, which means we are halfway to my 200k target. I know it sounds crazy but 1 BTC is going to be worth 200k HIVE sometime over the next 18 months. This will happen because BTC leads the bull run and it can reverse massively in under 1 year as ALTS play catch up. This is why we have the set target of 200k HIVE for 1 BTC, if it comes we pull the trigger if not, hey..we have 1 BTC :)

In Jan 2021 when BTC was hitting new-time highs and HIVE and other ALTs were up but not much and mostly sideways, 1 BTC got 330k HIVE and in Nov, of the same year when HIVE was trading at over $3, 1 BTC got 20k HIVE. You could have turned 1 BTC into 16 BTC if you were a genius 1 BTC into 8 BTC and 165k HIVE if you eat genius brains for breakfast.

You'll hear me talk alot about the HIVE to BTC ratio over the coming months as I want you to see us get closer to the target each week and be part of the journey.

Ok so HIVE is down a bunch this week and the SPI token price has jumped to 4.17 HIVE. This has boosted the fund YTD to over 5% profit which is a huge jump for a single week. When cryto pumps, we see BTC pump 5% and HIVE pump 15% and when crypto dumps we see BTC dump 5% and HIVE dump 15% so we take the rough with the smooth and be thankful we have non-HIVE investments to act as a hedge.

As I mentioned above, I have been selling off some BRO to get some funds. If we sell off 500 at current prices over the next month, that would free up $1300-1500. After Jan 2024, there might be some good spots to buy more crypto but I think things will start to properly increase from next year, none of these fake pumps. Ideally, these $1500 will be split over 5-6 new tokens that are coming into their first bullrun and hope one of them does a 100x for us.

No plans to sell anything else. Our ETH, ADA, DOGE and RUNE are sitting on a ledger and we're just waiting. Can we not just fast forward to OCT-NOV 2025 and be done with it?

Get ready for next year guys, we'll see lots of new scam defi projects coming up. The best time to release a "sustainable" scam is at the very start of a bull run when you know the whole market is going to pump for the next 18-24 months. For the cost of $2-3k, we could release our own SPI FARM! on BSC. Maybe BSC is dead now, im not sure anymore.

In other news, I have been working on the HIVE lottery prizes and odds and i think I have it sorted. The main problem im having now is going to issue the prizes and having to do them manually 1 by 1. I can create an airdrop with swap.hive on hive-engine but I dont think people would like to receive their lottery prize as swap.hive. It's a small bump in the road.

Players will pick 4 numbers between 1 and 54. 1 in 4 tickets will win a free ticket to the next draw, 2 balls win 15 HIVE, 3 balls win 250 HIVE and 4 balls win 1500 HIVE. Tickets will cost 1 HIVE each.

In other other news, im still working with Ray from BRO on the @dailydab project. We are planning another DBOND sale in of Jan 2024 and we'll be growing that out during 2024 by introducing at least 3 new things for it during the year. This will turn into a nice holding for us long term and could be a nice source of income in the future. Building it out to that point might take a few years but we can see what a few years can do for our project when we look at EDS. DailyDab is obliviously loosely based on EDS, it's a little more gamified but something around the same thing at its core.

Thats about all I can think of folks, we finish the week well. Thanks for taking the time as always and have a great week.