Decision-making redux - this time it's crypto

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(Source) - The latest basket for the XV token.

I was going to publish this last week, a follow-on from my decision-making post. But I had an email from my accountant with all kinds of questions about the new contract (better to ask those questions at the start, though) and spent the day huddled over the kitchen table being given the run-around by government websites.

It went like this: I was trying to register on one site when it asked for information I needed to obtain from another site; when I got to the second site, I couldn't log in without an ID from the first site and so on.

Eventually, I was able to press "Submit" on one website or another. So progress in a way, I guess.

On the positive side, I now have a business plan.

Meanwhile, back to crypto.

You may have seen that SPInvest, the grand-daddy of investment growth funds (the SPI token), is releasing a new token, the XV, for a time-limited period, to take advantage of the bear-bull cycle. Essentially, you buy it now, HODL for two years when Bitcoin surges, and then sell the XV through Hive-Engine or your Hive DEX of choice for lots more Hive than you paid for them.

XV has some lovely features:

  • a basket of 15 of the top 50 cryptocurrencies, re-balanced over two years.
  • low cost of entry at only 1 HIVE - everyone can invest in a range of cryptos for just 1 HIVE or 10 HIVE or whatever you are able ton afford.
  • experienced fund manager - @silverstackeruk has managed the SPI investment and growth fund for nearly four years, growing it from $13,000 to $151,536 (11 x and pays dividends).
  • transparent reporting and easy access to resolve queries.
  • only work for investors is checking monthly reports.

But the hands down benefit from my point of view is that there is a definite selling date for the cryptos and the XV tokens. No equivocating, sleepless nights, long phone calls and reading of runes. The decision has been made.

Crypto - XV Token

The timing of the XV project is based on the four-year cycle that follows the Bitcoin halving cycle. Currently, we're the furthest away from the sun, deep in the bear winter, with the bull summer expected from June 2025 onwards.

Last cycle, Bitcoin reached about three times its previous high. Selling early in the bull run, Bitcoin and other top cryptocurrencies will be near their high, but HIVE will be lagging behind and comparatively low in price. So lots of HIVE for everyone and then later in the year, somewhere around November or December, HIVE will reach its high.

The decision-making challenge

My priority this year is growing to 100,000HP so it looked like any further investment in shiny new things was going to require fiat - only all my fiat was already accounted for and starting to become elastic.

I do have a big SPI holding, over 11,000 when XV first went on sale. Perhaps this would provide the necessary funding for the XV token, with no further call on fiat reserves. I could just say now: I reviewed the situation and made the decision to sell some SPI. It didn't work like that. I wrestled with indecision for ages: would I sell, how much would I sell, was that the best option, etc etc etc drive-yourself-mad-and-do-nothing.

This is where the problem of abundance kicks in.

I find it easy when there is a problem (ie scarcity) to set a plan in place and stick to it. When confronted with the opposite, I struggle emotionally to deal with it. I've learned to manage the emotional challenges of buying crypto, but not the emotional challenges of selling it and enjoying the benefits (that was the point, right)?

But I hit my SPI target way back in August 2021. My goal, right from the start of SPI was to own 10% of the fund. At the time, this was 10% of one million SPI, which I thought would keep me quiet for a few years. Luckily, I was saved from myself by a hard cap at 100,000 SPI.

At the time the hard cap was introduced, I had about 8,600 SPI, which had cost me about $884 or £700. I'd benefited from an airdrop of about 1,500 SPI in the early days. The remainder, which finally got me to my target, was accumulated through dividends (originally paid in SPI) and lately, looking after the Saturday Savers Club. As well, 6,000 SPI had been burnt.

At over 11,000 SPI, I was well over my goal of owning 10% of the fund.

But could I sell?

Well, I have, eventually. For most of it, I used the 95% buyback option that SPI offers, and about a third came through selling on Hive-Engine. I'm nearly at my goal for XV and using some of my weekly HIVE income, I should reach it next week.

Phew!

At least with the XV tokens, I won't have that problem: the sell date is already decided!

XV sales run until Wednesday 10 May 2023.
Buy them on Hive-Engine or your favourite Hive DEX.

Incidentally, @spinvest published a good post about the best HIVE income tokens.

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Three things newbies should do in their first week and, for most things, forever afterwards!

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31 comments
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Hey awesome information here!

I have stacked every hive den token since the day they started. My favourites have been Pimp, Beer, waiv, and recently Posh and such.

This may be a great one to add for fun and potential profit. Also I love that you linked the other report on income based tokens too.

Awesome stuff now I have some reading and dex trading to do!

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Glad it was useful to you 😁
I don't think it's going to be life-changing wealth, more a few extra pennies for very little investment and even less work. Might be a nice holiday or new curtains (I'm shocked to discover the price of curtains)!

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I feel you there, but glad you made your decision. Good luck with the new investment, it is very exciting.

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(Edited)

Thanks 🙂
I'm starting to think I should have a selling plan, much the same as I developed a savings plan. So selling small amounts all the time, so it becomes normal. I'm always impressed with @hoosie's back and forth on HBD/HIVE trades.

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Yes, he is very good with the trading. I think it makes sense to develop a plan how you will sell, the same as with a normal stock investment portfolio.

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Would be good to see a few posts about selling plans.

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spent the day huddled over the kitchen table being given the run-around by government websites.

My how I resent that, and it seems to be happening more and more. We are slaves to these government agencies, doing their work for them. To limit my time on government websites, I no longer apply for any kind of subsidies, grants, discounts or other "help" that that money purports to "give."

I do believe I am starting to understand a lot of what you say! Thanks for this great info.

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My how I resent that

Me too! I'm there for compliance purposes, otherwise, I would not be logging on. We have some of these problems with some of the DApps on HIVE - they eat your life with no recognition that that is what is happening.

I do believe I am starting to understand a lot of what you say!

😍

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This is why I keep my life on Hive so simple. I don't have the patience to figure out the ins and outs of the other tokens, I can't redeem any of those on hive engine for some reason, and I have tried to get into Leo threads and cannot - wrong password or something, even though I know it's the right one. I could spend half an afternoon figuring it out, or not. I would like to earn more here, I would, but I don't need to and would rather be singing or gardening or walking my dog than trying to puzzle out why my hive signer password no longer works. So I remain content with my poor readers and their effusive support.

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Thanks for the information
I am not really familiar with a lot of tokens but I am still trying to work on Loh and Luv

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That's interesting.
Why have you chosen LOH and LUV?

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One of the dilemmas that I have always had in Crypto. It gets even worse I think when prices are mooning!

I remember the first time we talked on TTwT I was gobsmacked at your SPI holding😁

I need to see how XV is coming along.

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(Edited)

A few more weeks for XV - it's going to be interesting to watch, I think.

SPI is a typical example of something not costing very much to start, and then growing. It started at 1 HIVE, and the price chopped and changed a bit as the fund started to grow, then we got an airdrop to take it back down to 1 HIVE. I think we've developed better models since 😂

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SPI is the one has the Royal Lottery if I remember rightly,
Better models and that reminds me to check out a delegation for EDS and something I completely forgot to mention on Tuesday!

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That's right, SPI has the Royal Lottery - you get so many tickets, if you hold so many tokens (can't remember the numbers but it will be in the Lottery post on the @spinvest account).

The EDS delegations haven't started yet, I'm guessing the next post about the delegation will be tomorrow (maybe).

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hehe got to love a maybe, just like the Spanish and their mañana 🤣

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I'm really looking forward to seeing how XV goes over the next 2 years. Its such an interesting project - and its great to be able to sit back and just watch what happens !

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It is interesting, I agree.
It reminds me a bit of the Grand National, when you have a bet just for fun and see what happens. It's a great way for people to get involved without costing very much.

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Good morning!!

XV is a good call! i'm alredy buying some, and planning on more if HIVE dumps a bit.

What was most impressive was this:
I had about 8,600 SPI, which had cost me about $884 or £700

You literally turned 1k into 20k!!! huuuge investment
I wish i came around HIVE early ^^

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Hello!

It is extraordinary, isn't it? But I think, also choosing carefully. I think you are doing pretty well, too?

Glad you are stacking your XV. a few more weeks to go.

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Yeah!
I might have gone too deep with the EDS project i think
with 9k EDSMM and 250 EDSM... but i have faith in the excel someone is running 😁
Let's hope XV is as successful as SPI and we are golden ^^

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