SPinvests weekly earnings and holdings reports #45
SPinvest is a tokenized investment fund/club experiment open to all HIVE users. The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from hive-engine by search SPI.
SPinvest has a proven history of success
Happy Saturday folks, this week has been an exciting week for us all with CUB finance being released, HIVE jumping to 40 cents and the most of the crypto market mooning. Pretty much all of our investments are in the green this week with the SPinvest fund dollar value hitting a new time high of just under $190,000.
Earning this week pretty much mirror last weeks with us earning a little less. Brofund div's are still reduced by a lot with Dcity rewards nosediving. On a whole, i thinking gaming has not been a good investment for us. We've invested about 3000 HIVE into dicty, took almost nothing out of it with earnings being reinvested and our city after a year is worth 3300 HIVE. LEO earning are up a little this week, HIVE earning are consistent and div's from UTOPIS decreased a little more but are still very good.
For holdings, we got CUB and we got BNB this week. I moved 5 ETH from Nexo to CUB on launch night and have been compounding on the harvests into the CUB den since. Asor write this, BTC is hitting new all-time highs at $61,000, LEO is trading now over a dollar and HIVE is kissing 40 cents. Our holding is doing as they should and making us rich.
Good week, if every week could be like this one, I'd quit my job tomorrow and become a full-time crypto neek.
| Accounts | Purpose | Operator |
|---|---|---|
| @spinvest | Main account and bank | Many |
| @spinvest-leo | All curation is done from this account | @jk6276 |
| @spi-steemcity | All gaming is done from this account | @shitsignals |
| @spi-payments | Used to pay out weekly dividends | @silverstackeruk |
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Slow and steady wins the race.
SPInvest not going slow...we move at rapid fire pace.
I agree about gaming, not a good investment. A nice return if playing for enjoyment but 10% in a year is not a great allocation of resources.
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I'm not so sure games are a bad investment. Is this accounting for the value of NFTs gained by the account through play? Also, it feels like all of these games are in their like, pre-Farmville stage. There's still a lot of room to grow, and as it grows, the artificial scarcity of the game systems is going to shine through.
We arent playing. SPI invests in games to try and get a return. That is what this is about.
As I said, if playing, it might be a good deal since the interest would be coupled with the rewards.
And with NFTs, they might be hot right now, but will that continue. For some sure. But I am not sure SPI is looking at sifting through things to that degree to make an investment decision. A lot of other opportunities that it could simply add to its existing investment.
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Not so into NFT's for gaming are art, I dont understand it. Give me an NFT that owns a percentage of a house that is generating monthly rental and you talking my language.
as the gaming, were not playing so i guess we are doing it wrong. Not that much invested anyways, nothing ventured, nothing gained.
Posted Using LeoFinance Beta
I don't mean "play" in the sense of "play for entertainment," but in the sense of "engage with the game's mechanics," which, looking at spi-steemcity's dCity, looks like it happens. I'm wondering if the value of things like workers in that game are accounted for, is all.