Spinvest's weekly earnings and holdings reports #4
Hello SPIer's, the report is coming a day late. Sorry about that, better late than never they say. I'll try not the make it a regular thing.
This week's earnings are on par with what we have been doing the past few weeks since converting half of our LEO into bLEO and staking it to the CUB LP. We came up 85 HIVE short on last week but swings of a few percent every week is ok. I earned 107 HIVE less LEO this week but we earned 78 HIVE from content so swings and roundabouts. Not a week, solid week.
No real chances here, I added another 80 RUNE from selling off some POB tokens. I've been trying to sell off some BRO tokens but every time I list some for sale, my sell order is used as a wall and even when left for 3-4 days, it's never touched. I've reduced the selling price and the exact same thing happened. It could take months to sell these. I think the funds could be better allocated, to be honest.
Our LP and defi stuff is still compounding on top as always. It's hard to see our gains while things moon and crash every other day but we know we have more so when the moon returns, our bags will be bigger again.
It's been a while since the SPI token price was close to 5 HIVE. On paper, not a great week for SPinvest, -10.48% in the past 7 days. We've been doing this for 104 weeks, losing 10% is the same as losing 10.4 weeks of hard grind. Maybe that's not correct but I think of the time more than the money part of it. When the fund goes up I feel good because the time part in is worth more.
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Hows your crystal ball on ETH? It is the first non-hive and non-Hive-Engine crypto token I am trying to work toward? Say six months down the road any price guess? Does it feel like a good invest for the next 6 months to you? So far I am at 0.023 ETH and hope to be about 0.50 by the end of the year with slow buying via hive and hive-engine token earnings. About 25% of my earnings getting sent to Ionomy to try and get to 1 Eth eventually.
It's hard to guess any prices. I think ETH could flip BTC one day in terms of market cap but just guessing. If your gonna invest in any crypto for the next 6 months, ETH would be good, it been in 2nd place from its release and it's still growing. It's a long term hold, short term not so such as it was selling for under $350 only 7-8 months ago.
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Good post..
thank you :)
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I understand, but as you're always reminding us - You've got to take the long term view.
Maybe it would be worth adding a final figure of how big the gain is from Day 1. 😊
Just wanted to say again how much I appreciate all you put into this. 😊
Thank you!
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Thank you for nice comment :)
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I don't know if you've noticed but Bitcoin has been yoyo-ing like a thing demented, throwing out losses of anything from -20% to -50% 😵.
Didn't we start from $13,000? So I guess time is worth 10 times what it was 😍.
Decent week considering how Bitcoin dip affected the general markets. I believe next week will be much better