LBI earnings and holding REPORT | Year 02 | Week 41
Welcome to this weeks LBI token earnings and holding post
What is LBI? The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
God damn, earnings are bad this week. I came in collecting this week's data knowing that we had missed 2 days on content but I did not know it was 4 days. I was contacted 1 time about content to inform me that one of our content team was taking a small vacation with family and then I missed my Monday because I was confused about what day it was due to being off work for the Queen's funeral. The other 2 days, not aware of that and was a little annoyed, to be honest. I tired to cover 1 post but I messed it up and posted on Taskmaster4450's day so no post from him this week as I stole his spot, really all over the place. Next week i can see we'll have 6 days worth of content. We really need all 7 days as HIVE is the current bread winner and we need to be on top of that. You can replace a few "we's" with "i's" above, i know i need to up stay atop of it, i thought everyone was posting.
Taking content out of the picture, everything was been consistent. Im removing 150 LEO worth of defi harvests beack to LeoFinanace, curation did ok, CUBlife increased a little and we got a UTOPIS payout this week.
The week HIVE powerdown have restarted and which is great, we are powering down 100 per week and this week i get 7 HBD and convert the rest into near 800 LEO. This is good for our liquid LEO balance and for the first time in a long time we have finished the week with a balance of over 1000. HP balance declined a little bit as we're powering down 1300 and not earning it at the same rate. Our HBD balance is still growing and turning out to be an excellent hedge against the decline in LEO and HIVE price. Our HBD's LEO value has increased by roughly 2500 each week for the past 4 weeks, 1/ 16,300, 2/ 18,650, 3/ 21,850, 4/ 24,000. Everyone is saying the bottom is in, but they've already been saying that for months. I'll believe the bottom is in when I see the market starting to increase. Better to confirm the bottom and miss it by 20% compared to guessing and buying every dip on the way down. Why put yourself through the pain? When you "buy the dip" and are bought LEO for example at 20 cents, you have to watch it decline more, then you "buy the dip" at 10 cents and what good has that done you? Why not just stack $'s for 2 years while the market does its thing and corrects and then buy in when you can confirm the markets are turning from bear to bull and bottoms are in? You might miss it 15-20% but I'm pretty sure you would end up with many more X of your selected crypto. It's a boring strategy but the markets are slow, the crypto market cycle is 4ish years so day to day, it's kinda boring. Anyways, im happy that we are growing a nice HBD balance, i think that it will pay off big time when the markets start to change in 18-24 months time and we can buy up lots of LEO and some HIVE as discount prices.
. .
Not much change with defi holdings, i converted our 1 BNB in the stable farm. I think going forward to next while, i'll be converting CUB and EMP harvests into the stable farm. It's earning over 30% so this makes it an easy option.
Our 3 biggest holdings are the stable farm, LEO farm and EMP farm. They are all around the same amount and we're spread even. I'm watching EMP close because it's having problems and we carry some risk there. Keep in mind, our EMP investment was made with 100% CUB farming profits so it's a freeroll. That might seem reckless but LBI is a small fund and we have to take calculated risks to our advantage. It's sorta like when saving for a pension, you can take more risky investments in the 20s and 30s and play it more save in your 50s and 60s because you have more time to recover. LBI is in its 20s and still has lots of time to recover.
Yep so LBI token price has hit another all-time high for the 5th week running. This is not normal to increase by 5 weeks in a row and to be new time highs each week makes it even more strange. This should be good but why is it happening? LEO has been on a rotter the past week as it gets closer to 5 cents. It's dropping a little faster than the rest of our holdings and this results in a higher LEO value for LBI. This is good because we want the LEO value of the LBI token to increase but it's bitter/sweet because this normally means the $ value of the LBI token has gone down. LBI is valued in LEO but everything is valued in $ at the end of the day. With around 11 more weeks in the year, I think we'll finish the year out at over 2 LEO, I dont see it falling that much between now and then.
This coming Monday, I will upload a proposal about disabling weekly dividends for the next 12-18 months in an effort to have liquid holdings at the end of each week to invest and take advantage of opportunities for growth.
Get LBI on LeoDex - https://leodex.io/market/LBI Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta