See every transaction as SPinvest went 0 BTC to 1.06 BTC and growing every week

in LeoFinance2 months ago

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


Hello everyone, today's we are going to look into how our BTC interest payments have been performing for us on our BTC holding. It's not gonna be a long post as i spent most of this morning on LBI but the content should be interesting, quality over quantity today. This is something I've wanted to share with SPI token holders for a while but never got round to it. Today is the perfect the day as it's easy quick and good content.

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Ok, if you are not aware, the SPI fund holds 1.06 BTC. This BTC has been sat in a
Celuis wallet from we got into BTC way back on the 8th September 2019 with our first buy of 0.00567BTC worth exactly $59.63 and today, it's worth exactly $220.72 at the time of writing. This is cool but what's cooler and more to the point of this post is our first BTC interest payment was for 0.0000110650359166 BTC worth $0.096 at the time. That same tiny amount of BTC is worth $0.436 today and our rewards have only increased over time as we built up to our 1 BTC. We also added 0.038 BTC after we got some from selling off BLURT tokens. Point is all of the BTC we have earned in interest over the past 16 months is worth more than it was when we got it. You wanna see the power of compounding?

Look below and you will see all the interest payments received to SPI from we have had more than 1 BTC. You can see that the amounts of BTC we receive every week increase and how all that BTC we have held has increased in value during this bullrun.

Blue = The amount of BTC we earned on that date, interest payments are paid weekly.
Orange = The USD value of the BTC when we received it
Yellow = How much that BTC is worth today
Green colours are Deposits
Never made any withdraws

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Pretty cool stuff? Yep, indeed it is. Here's is the rest of the account history of your interested in seeing how we went from 0 BTC to 1.06 BTC.

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There you have it, great news folks and it just shows that compounding down an asset like BTC can really pay out huge returns. But wait, there's more! You dont think I'd throw out numbers like that and not include some stats? Please..., you know me better than that. So let's look at some stats.

Showing the increase of BTC earned every week. Slow growth until we had 1 BTC at around week 31. We earn around 10% of 1% of a full BTC every week. Not enough for the monthly Lambo instalments just yet but getting there.

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Here are the total buys and what they are worth today

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We got our BTC for just under $10k. Yes, just as planned. In fact maybe less because the last deposit on the 30th of Oct came from BLURT so that was for free i guess.

Moving on, let's look at much we earned in BTC in dollar value and how much it is worth now.

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If we had sold out our BTC interest every week, we have collected $361 but because we stuck to the number 1 rule of BTC, HODL. It is now worth $1052. Nothing wrong with that.

Lastly, the total amount of BTC earned from interest has been 0.0268725 BTC worth well, worth $1052 :)

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Hoped you enjoyed this post, it was a quick one but good content for SPI token holders to see.

See you guys on the morrow when the weekly earning and holdings posts is released.


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AccountsPurposeOperator
@spinvestMain account and bankMany
@spinvest-leoAll curation is done from this account@jk6276
@spi-steemcityAll gaming is done from this account@shitsignals
@spi-paymentsUsed to pay out weekly dividends@silverstackeruk

Today's post comes to you from SSUK

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Just bought my first set of SPI tokens :D

Welcome to the get rich slow club.

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Thanks metzli :)

Good stuff, you bought them from the exchange i guess. You got them at a discount price for 7 HIVE. Here is today's token price.

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Not sure if you can make that out but its shows today's price at 7.86 HIVE. The 7.27 you see clearly is the 5 day avg.

Glad to have a new person onboard :)
Welcome

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I got it on the exchange yep, at 6.55 Hive each

You got a bargain :)

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Nice.

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Yep, SPI tokens are worth just under 8 HIVE today. Its all madness. BTC sitting at $41k. WFT?, lol

Its very nice

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SPI tokens are worth just under 8 HIVE today.

Wow! Seems like only last week I was so excited they were 4x what I paid, now almost 8x. Good stuff! :)

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a-w-e-s-o-m-e

Yep, pretty cool stuff

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Very exciting.
This shows the value of time and compounding very well.

I have a question how did you get interest payments on your BTC? I didn't know how to do that.

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there are 3 main companies that offer those services
Celsius network
Nexo
Blockfi
They give 6% ish on BTC, 10 on stablecoins

thank you for the info.

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Felander's answer is much better than mine

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here are my referrals:
open blockfi account and put in 100 USD in and we both get 10usd in BTC
https://blockfi.com/?ref=141e7c31
Open a celsius account and put in over 200 usd and we both get 20 usd in crypto
https://celsiusnetwork.app.link/15398955a5

On celsuis, you can receive your payments in either BTC are CEL token. You can ern 5% on BTC and 7% of you take CEL tokens.

It was very simple, i just deposit the BTC to the wallet, no staking required.

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This BTC shows exactly how compounding is the key of getting rich. Massive to have a 200% return in such short period of time.

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Yeah, its to see that interest paid can go up in value as well. I wonder what these amount will turn into as we head full steam into 2021

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now do something that will make you cry in misery

calculate the interest paid in CEL and then put on the cel value now

I would bet its close to another BTC value in interest

We hold a few CEL, switched rewards for a week are so way back. I see they increased in value from around $5 in total to over $60, lol