Hello, SPIers. Today we look at the SPI HBD balance and my plans for this money.
We have been saving HBD are a while now. I have been saving all HBD content rewards from 19th July 2021, I deposited around 5500 HBD between May and Aug 2022 from defi profits and of course, have compounded our 20% interest payments.
What has almost 2 years of saving got us? Below are the results of saving little and often, weekly infact.
It soon adds up and SPI has the 91st biggest HBD savings wallet on the HIVE blockchain. To date, we've earned around 1824 HBD in interest so it's been an excellent investment for us. Each year from now, we could earn 2200 HBD per year. There are currently no plans to do everything with this HBD anytime soon, i will continue to save all our HBD content rewards so show us some love and slap this post with a big upvote!
What is the plan for SPI's HBD?
Some readers will remember back when HIVE was mooning in late 2021, I did a few HIVE>HBD and back into HIVE trades. I did this a few times when HIVE pumped 20%+ in a day knowing the price would pull back. Anyways, if you dont remember, you might remember getting 3-4x dividends a few weeks at the end of 2021 as most of the money I made from trades was used as 1 off-dividend pumps to share the love. 😉
The plan will be to trade all of our HBD into HIVE when the price of HIVE is at its lowest. I know it looks like the bottoms are in already but I believe we still have alot of pain to endure before we see the start of the next true bullrun.
I target 20 cents HIVE and if that fails before Dec 2024, I will convert all into HIVE at that time. It could fall under 15 cents, and it might never see under 25 cents again, we cant say for sure. People 18 months back told me HIVE would never drop under 30 cents again, lots of people said/thought that. I've weighed the options and im sticking to my guns. That is the basic plan and backup plan. Nice and simple just like me 😂
In total, I would like 60k HIVE from our HBD balance. We're earning over 180 HBD per month and 20 cents will get us there and beyond fingers crossed. All of this HIVE will be powered up and delegated to 
During spring 2025, I will power down this balance completely and leave it liquid in our wallet while we wait for HIVE to go over $2 so I can convert it all back into HBD. I dont see HIVE not going to over $2 again, last cycle it stayed at over $2 for almost a month and we'll only need it to get there for an hour to fill a pending trade. We add all this HBD to the saving account and earn whatever % they are paying out in 2-3 years' time.
How much could this trade yield for SPI if it works?
Hmmm, a butt ton. If HBD is still paying out 20%, our weekly dividends could increase a little, haha.
To ballpark it, if we can get 60k HIVE for 12k HBD and then sell that 60k HIVE for $2 each, we would end up with 120k HBD so 108k profit. Thats alot of k's and would yield us 24k HBD per year or 2k HBD every month.
It will also help to hedge against the next bear market in 2026-27 and we rinse and repeat this trade every 4 years.
What do you think?
Does it sound like a solid plan? Is my head in the clouds? Let me know in the comments below.
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token |  | SPI |
| LBI token |  | LBI |
| Top XV token | | XV |
| Eddie Earners |  | EDS |
| EDS mini miners | | EDSM |
| EDS micro miners | | EDSMM |
| CUBlife | | CL |
