SPI weekly earning and holdings Report | Year 05 | Week 46

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.

Average week for earning this week. JK has decided to stop sending HIVE over to SPI for the foreseeable future and has moved alot of his funds over to the ATOM blockchain with the plan to grow us a juicy position over there. I like the ATOM blockchain so I hope it can pump.

Aside from that, content earnings were up a little this week but everything is about the same.

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HP balances is up this week for the 2nd week in a row which is cool. Our HBD balance has taken another hit this week but that was the last one and we'll hand on to the remaining 6k we have.

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We added some SUB to our HE bag this week, just bought 500 so not that much invested but the 500 gives us 1% of the supply. Not really any action at with HE tokens with all staying around the same price as last week. Im see anything related to gaming is we hold is down, all our pack tokens and gaming side hustle. Not good and I hope it can all turn around soon.

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Another week of ups and downs within the crypto market finishing up from last week. I have plans to sell off half of our FET position because they have announced a merger with 2 other cryptos and im not sure how to feel about it. We invested $2k and selling off half what we bought at today's prices will give us that $2k back, plus $800 profit, plus we'll still hold nearly $3k worth of FET.

With those funds freed up, I plan to get SPI involved with some leverage trade. When the next big correction happens if that be in 2-3 weeks are 2-3 months and the markets are bleeding 20%, we'll jump into a 3x SOL or DOGE trade for $2k maybe. I'll write about these in detail when I do them but in a nutshell, using 3x leverage means if your investment drops by 33%, you get liquidated and lose all your money. On the flip side, whatever it increases by, you earn 3x that amount. This is why it's important to try and pick a good entry time, when the market is bleeding red and everything is down 15-20% it makes sense (in a bull market).

The BTC to HIVE ratio this week is the same as last week at around 167k HIVE to 1 BTC.

The fund sees a dip this week, thats 2 weeks in a row but we're still sitting on a 20+% profit for the year so far so we are still winning. The SPI token price has been floating around the 5 HIVE for a few weeks now, it would be cool to break through that and start to climb toward 6. Slowly but surely I guess. The dollar value is up way more, up 43% from the start of the year.

My guess is the market is going to go sideways for a while, a few weeks anyways and then we'll see another moonshot. If BTC at the minute is floating around its all-time high, I think ALTs would need to catch up before BTC can jump again.

Yesterday we had our SPI raffle where we gave away over 1000 HIVEs worth of SPinvest tokens and merch to 25 lucky winners. We raised 450 HIVE from ticket sale and plan to use those funds to buy up some HBI units for @spinvest and @eddie-earner. We would have been better off selling the tokens into the market but at the same time, they have gone into strong hands :)

Thanks for checking out this week's report, have a great week. Dividends should have already been shipped out.

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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