Hello, LBIers. Are we seeing what is happening with HIVE's price? If not, it's pumping like crazy. Why? I have no idea and I dont care, I only care that our bags are getting pumped. Anytime either LEO or HIVE pumps are dumps hard, my first thought is to check my excel sheets and update the numbers as I want to see how it affects the fund tokens I manage. If something pumps, I might consider selling some, if something dumps hard, I might consider converting some stable tokens. I like to always know what options I have available.
Anyways, for a bit of fun, let's look and see how the price of HIVE mooning makes LBI worth more. Again, I have no idea why this pump is happening, I'd guess HIVE will drop to 60 cents within the next 1-2 weeks, maybe not, I have no idea really. Im done trying to guess the market, haha.
On our last report posted only 2 days ago, we had a LBI token price of 2.01 LEO. The total fund was worth 468,4.... you know what?, a picture says 100 words.
Last week is 2 days ago. That's an increase of 8.4% in 2 days which is awesome to see, if it holds, even better. HIVE POWER represents around 20% of LBI currently and it's great to see the pump but sadly all our HIVE is powered up and earning from leo.voter which is I think paying out much less than 16%, im sure others have noticed.
But hey, look at that, the LBI fund today is worth more than half a million LEO. The great thing also is weekly earnings could increase because of this pump as well. Alot of LBI earnings come from HIVE content rewards which are paid out in HBD and HP. 2 days ago, our weekly earnings were 1775 LEO but with the price of HIVE today at 81 cents which buys more LEO, our earnings would have been 2262 LEO. That's a 487 LEO increase, a pretty big increase so fingers crossed it holds and we'll get decent dividends this coming week. Let me show you the difference HIVE increasing does to our earnings.
Earnings from week 32, 2 days ago with HIVE worth 54 cents.
Without changing anything other than the price of HIVE to 81 cents
These sorts of things blow my mind, a 500 LEO increase in earnings, boom, just like that. We'll see what happens this week, im actually looking forward to it. Alot can happen over the next 5 days but it has to finish to week higher than it started to week? right? I'd much prefer LEO to the moon but hey, growth is growth and probally temporary as well. Only in crypto can you feel rich and poor on the same day multi, maybe poor than rich in today's case :)
I wish we had some liquid HIVE to take advantage but we dont and our next power-down is not due for 5 days so tough tits for us. Like I said above, I always check around my excel sheets when a holding of 1 of the fund tokens I look after either pump or dumps hard and I thought today, I'd share with you, how this affects LBI on the daily as your view is weekly from the weekly reports. I dont record daily prices but I can see the live price when I what.
Thanks for checking out today's post, long live THE PUMP
Posted Using LeoFinance Beta
