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SPInvest: A Story For All In LBI

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This is a theme I harped upon a couple of times in my posts on here. We are seeing many opportunities arise on Hive, so many that it makes it difficult to follow them all.

It is for this reason that projects like @spinvest and @lbi-token can be of great benefit. When one is involved in projects such as this, we can gain exposure to those projects that we, ourselves, do not get involved with. A great deal of this time this is simply due to a lack of time to properly research a project or the resources to get involved.

There was a recent SPInvest post that highlighted this exact thing.

Many heard about the Skippy meme project being put together by @melbournewest. He decided to bring the craze of DOGE and Inu Shiba to Hive. By creating a meme token, we could see a similar, albeit lower, rise in token price.

There were a number of posts over the weeks leading up to this and detailing the progress.

One of the projects that jumped at it was SPInvest. This is a token that I hold in my wallet, hence I was involved with the project, even without truly paying attention. To be honest, these type of speculative plays, while potentially extremely profitable, aren't necessarily my cup of tea.

It evidently was for @silverstackeruk and he put some SPInvest funds into the arena. This turned out to be a very wise move so far since the above linked post details the results.

We got them on the 8th of November. That means our SKP bag is worth $6638 (10.34 BNB) Our BNB profit return would be 1814% which is higher than the $ return.

That is not bad for less than a month of work. I am going to venture to say that we will not go broke getting a 1800% return.

Don't Be Smart; Hang Around Smart People

Sometimes those do for me what I cannot do for myself.

Using some SPInvest funds to get involved with the Skippy project was obviously a very smart move. The results speak for themselves.

While it remains to be seen what the ultimate return will be, the bottom line is that each SPI token holder is now benefiting from the decision to pick up some Skippy. This is how these things work.

The advantage to funds like these is they can utilize the activities and knowledge of many people. Often, our biggest drawback is not understand or insight but, rather, time. With all that is happening, none of us has the hours in the day to keep up on it all.

For this reason, having a larger group of people who are able to track, monitor, and bring up different ideas is a big help. Here is where we see the true "Hivemind".

Over time, even a couple of projects like this can make a world of difference. As these funds expand, the goal is to maintain a steady pace of growth. That said, a few major winners here and there is never turned away. This is what can help us to produce outsized returns.

While this focused upon the success of SPInvest regarding this situation, the same holds true for LBI. We see different opportunities arise periodically which we can take advantage. As we close our the first year, we will see what the overall rate of return is. Based upon the reports were get weekly, we are going to have an outstanding year 1 print in terms of the ROI.

The idea of "Get Rich Slowly" might be accelerated a bit.

Either way, we cannot be everywhere. For that reason, funds like SPInvest and LBI help us to capture more of what is taking place.

And over time, we all hope that leads to projects like these becoming massive winners themselves.

Article written by @taskmaster4450le.

Posted Using LeoFinance Beta