A Daily Boost To The Earnings
The one problem stake became unlocked this evening allowing myself to change the APR which doubles the daily rewards being earned.
Tonight I was able to rectify an oversight that happened 120 days ago with regard to one of my staking pools in the COTI Treasury. This is very good news as it means my growth can move forward far quicker earning an extra 6 COTI daily bringing the daily tally to a little over 42 COTI. The 6 COTI extra daily is worth an extra 2.2K COTI yearly which is fairly decent.
These numbers may sound fairly small still, but the aim is to keep chipping away increasing this daily number inch by inch. Back in April of this year this number was around 25 COTI being earned daily so this relates to a 70% growth in just 4 months. The aim was to try and achieve 200K COTI staked by the time we see the ATH's late next year and I do believe I am well on track to hit this goal.
If you were looking at this from a weekly perspective you would not notice the growth and why it is recommended to zoom out slightly. This investment stake has always been about getting as much as possible in order to sell and capitalize on the cycle peak and buy back when we are in the Bear market sometime in 2026.
We have no clue what our investments are going to be worth so pushing yourself now as much as possible should pay off next year. This investment I see as my main passive income earner for the future that is outside of the HIVE eco system. This stake is nowhere near ready to provide a monthly income and expect this to possibly take one more cycle yet. I don't like to think I am still another 4 or 5 years away, but that is being realistic which is still a good position to be in. Not many people can confidentially say they are financially secure for the future.
If you split your target into smaller chunks and knock those off slowly you will remain consistent as we are not talking about months, but many years. The aim is to eventually achieve 100 COTI being earned daily and then 200 because even with todays pricing that would still be worth $500 monthly or $4k if looking at the last ATH of $0.66c. The $10k target is what I am looking for long term with the hope in the years to come that the ATH price is more like the bottom price. This may be wishful thinking, but with the development and technology COTI has achieved in the last 12 months I believe this is realistic.
When you are looking at an investment over a long period of time the early stages are the hardest as the growth seems to take forever to achieve. The longer you stick at it the easier it becomes due to the ever increasing numbers getting bigger and bigger. Fortunes in crypto are not made overnight and do take time and in most cases will take years. The idea you can retire within one 4 year crypto cycle is still a possibility, but this is also reliant on how much you have invested to make that happen.
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I had a big 60k deposit which was unlocked and I've split it into several deposits with different maturities. This way I can get my hands faster on the rewards, create new deposits and/or boost current ones with the gCOTI yielded. There is a learning curve in optimizing returns from deposits, but once you get it you maximize those yields.
If you move it out into several deposits the you e not concerned about the airdrop later this year then? This is why I waited for the unlocking period to end, but could not move the stake round as that would reset the pool stat time ad think you had to be staked before 24th March this year to qualify. What does it say for the pool start times in your treasury? It may not be much but it has to be worth 10-15 %..
That's true, but the difference of having 40% + APR on few 10k deposit(s), compared to up to 15% on a 60k made me split it. Probably I should have create the deposits well sized from the beginning, but as I didn't have much COTI left outside of the main deposit, now I feel I am in a better position. But we shall see...
Understandable and the important thing is we are all earning daily.
I'm glad you were able to get it sorted out.