SteemPower Investments - Weekly Holding Report #30 (Not a good week for us)

Hello and welcome to this SPinvest post
SPinvest is a tokenized investment fund/club for all users of the STEEM blockchain. Everyone is welcome! 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 STEEM blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from Hive account@spinvest are through the steem-engine are dex.steemleo exchanges. Full details about SPinvest can be found here
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100% BuyBack Liquidity offered
Buy and sell back SPI tokens on the Steem-engine are Dex.steemleo exchange's

Holdings and Investments report

Below is a complete list of everything that Hive account@spinvest owns. Bad news this week, for the first week ever SPinvest has dropped in value. We have experienced the perfect storm and been hit on all 4 sides.

1- Justin Sun buys Steemit Inc and some people have started to power down and sell STEEM as a result. SPinvest as a long term STEEM saving project is not as attractive looking as it was pre-Justin Sun. This is not good but after the FUD dies a little, things might get better and back to normal.

2- Lots of SPI tokens have been bought back this week and the buy ball wall is in terms of STEEMP on its last legs. To make matters worse someone has decided the undercut SPinvest selling price by 0.0000001 STEEM so we are not bringing in any new STEEM to top up the buyback wall. I simply don't the logic for 1 ten-millionth of STEEM are 1 forty millionth of a cent. Why would they not just accept 0.999999 STEEM? Why do they need 0.9999999 STEEM? STEEM would need to be $10,000 per token for this to be worth 0.01 STEEM. Sorry to go on about it but i cant get my head around it. Anyways, the buyback wall is worse for wear after Justin Sun bought Steemit Inc and it'll need to be looked at.

3- Tribe tokens and SE token holding have got destroyed this week as a result of....,yep, Justin Sun buying Steemit Inc. We hold more Leo and Neo tokens than we did last week but the prices have been hit hard and we have to go with it.

4- As STEEM is worth more in terms of dollars, our off platforms invests have gone down in STEEM value. Bitcoin, silver and ENG tokens are not so bad compared to last week but our beta and alpha Steem Monsters tokens have gone 20% and 50% so that is a big hit for us to take but long term i have faith in the SM tokens.

We had no chance this week but we'll learn whatever we can from it and move on from it

In terms of the real SPI token value, its not really that bad but then again, it's not supposed to happen so let's hope we can get back to growth this week. SPinvest is holding around 1500 more tokens compared to last week and let me tell you, we are only issuing about 500 per week so this sets us back by about 3 weeks on our way to the 100,000 token target. In times like this, i think to myself, cap the token to 100,000, set up a POH (proof of holding) dividend payment to be newly minted tokens and burn off the other 900,000 and be done with it. Issuing a million is gonna take decades and wonna have fun and concentrate on the building up the club to be more organized and feel like a club where members are active and the #spinvest tag is used.

Let us hope that tribe tokens get back into shape this week has not been good for them. It's not nice to see the SPI token value going down knowing there is little to nothing we can do about it. Our total holding are worth about $2400 more than last week so i guess we are still winning but i really hate to seeing that dip into the chart below. That dip is gonna be there forever and i blame Justin Sun. If you are reading this Justin, i will hunt you down and pee in your coffee and sort all your socks into mismatching pairs. Do you see the dip? That sucks.

You see the dip in the chart above, aye that sucks

SPI token holders

A few people asked to see the SPI token holders list. It can be found on steem-engine's token explorer. I'm gonna assume that might be over some people's heads and i will baby feed a click here link to make it super easy.

https://steem-engine.rocks/tokens/SPI/richlist?page=1

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JOIN SPI CURATION TRAIL and help to grow your investment. Just try it, it will take you 2 minutes and you'll get a nice feeling for knowing your good deed for the day is done :)

Buy SPI tokens directly from Hive account@spinvest. Each token is currently priced at 1.00 STEEM and you can send any amount directly to Hive account@spinvest and i will issue you SPI tokens to 2 decimal places for the value of STEEM to send. All tokens bought directly will be sent to investors SE wallets within 24 hours but most likely much sooner.

Important Information

All questions are welcome, please ask in the comments below

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