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.
This week's HIVE earnings are ok, a little on the low end. The LEO will have been building up all week and is worth almost less HIVE today than it was a few days ago so thats had an impact. PWR rewards for delegating HP have declined from 16% to 12% so we earn a little less from that lastly, SPI only put out 5 posts last week so less content rewards.
Next week should be better...
Not alot of change in our HIVE wallet this week. We saw BTC and the rest of the market tank 20% over the past few days so I have done a 5000 HBD withdrawal from our savings account. This might be our last chance to invest before the halving of the real bullrun begins. There are still lots of tokens that will 5-10x over the next 12-18 months that are already in the top 100. Even a 2x is better than 20%. Of course, it'll all come back to HBD when sold and we'll be happy to take 20% in the bear.
Slowly increasing our bags for EDS and DAB and waiting for the rest to moon. I hope a few people are motivated this current cycle when HIVE is increasing to release a few investment-style tokens on HE. Its bullish to invest and hold our own tokens but what else is there? INCOME is good but it has a very small circulating supply and they are hard to get in batches when we are flush with cash.
Looking out 3-5 years, I dont have alot of hope for the HE token ecosystem to expand.
Compared to last week, alot of these holdings are only down a few % but most are down 15-20% over the past 24 hours. The markets are flooding red hence why I started a HBD withdrawal. One of 2 things will happen I guess. 1, we dip a little more for a week, go sideways for 2-4 weeks and then moon again or 2, we MOON!! Whatever happens to the markets over the next 2-4 weeks will not happen to us in 14-18 months time.
RUNE finally went into a profit so I dumped half our position at $11.30. It's sitting at $8.34 which is our buy-in price so made a good move. I put $500 more into DOGE token and bought us into BONK tokens for $1000. That is the last meme token, I promise. I'll be focused on gaming, AI or both for our next investment. Something that pays a staking yield.
I mention each week the BTC to HIVE ratio and this week, 1 BTC gets 173k HIVE. It will be interesting to see how this current market correction unfolds. We'd assume BTCs price will have less volatility compared to HIVE because BTC marketcap is much larger than HIVE which means it takes more money/influence to move the price either way. If we see BTC drop 10%, HIVE might drop 20% and this would increase the BTC>HIVE ratio and maybe even to our 200k HIVE target.
We see a big boost this week as HIVE tanked yesterday and our non-HIVE holdings are now worth more valued in HIVE. The SPI token is worth over 5 HIVE which is a nice number but we can expect to see it increase further as our non-HIVE wallet will continue to outperform HIVE heading into this bullrun. HIVE is a small marketcap token and it will have its day but let's not be crazy and think that HIVE will be trading for over $1 before 2025. HIVE's massive growth comes in the last month of the bull cycle when it does a 2-4x over 1-2 weeks, bobs up and down for 1-2 weeks and then POP! "We hoped you enjoyed the bullrun, see you in another 4 years"
We have 8 weeks left in the year and we're sitting on 26.72% growth YTD. The price of HIVE 44 weeks ago on Sun the 14th of May was $0.37 which is the same price as it is today so that 26% is a pure number, untainted by dollar price fluctuations.
We troop on and stick to the plans we've been planning for the past 3 years. Hold Strong, it's gonna be a crazy one and we could make life-changing sums of money that will set us up in a much stronger position for bullrun 2029!
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 |
Stay up to date with investments, fund stats and find out more about SPinvest in our discord server
Tag @spinvest to a comment below saying "I wanna Subscribe" and I will tag you in future SPI weekly reports.
Sub List:-
@ericburgoyne, @mikezillo, @shanibeer, @oldmans, @roger5120, @lilolns19, @riandeuk
Mmm, life-changing sums of money. I could live with that!