Steady Growth Whilst Away
The decent part about crypto having it staked means that rewards are being generated even when you are not active. The last five days when I was away travelling in Dubai I struggled to log into my COTI Treasury and thought it was best to wait until I had returned home.
Over the last 5 days things have progressed very nicely with the stake having grown by an additional 1094 COTI and added another 914 GCOTI which boosts the APR by an additional 0.15% from 8.27% to 8.42%. The base APR has stabilised and the daily rewards are now climbing back up again. The rewards are up from 79.2 COTI daily and now achieving 80.47 COTI. Next week I will hopefully see over 81 daily COTI rewards which is a small gain but these all add up rather quickly. Even with COTI only being at only 0.051c this still represents $123 monthly. This is still decent passive income and just thinking about when the ATH was last seen this would be worth $1641 monthly.
Nearly 205K COTI staked which represents 2.5% over the target of 200K and covers for any fees when selling and off ramping from crypto to FIAT. The 205K at the last ATH in November 2021 represents $139.4K and I can see the ATH being beaten before the end of this cycle making the stake far more valuable.
I am hoping there is another 8-10 weeks before we see the end of this cycle and the longer the better as each week that passes the numbers are just compounding and growing. The goal will be to see if 1000K COTI can be added weekly and get me closer to 120K COTI staked. This week we never received our COTI air drop from which I am guessing I have another 10K COTI still to be received. This seems to happen every 2 weeks or so and in my case roughly 400 COTI each time.
This COTI stake will represent a full crypto cycle and this has been a test case seeing what is feasible to achieve over the 4 year period. Personally I would be happy with anything over $200K which would mean a COTI price of $1 so this is going to be a wait and see what happens.
Crypto is a wealth creator when set up correctly and stake is what generates this wealth with the more you have the more you make. Each cycle in theory should become easier as your portfolio grows in size. The next cycle having sold at the peak or close to it and bought back again after taking profits I would like to see my starting point for COTI still at around 200K. With continued growth via rewards and additional staking this would be feasible to have a 650K COTI target for the next cycle.
I have always believed it only takes 2 cycles to make enough money to sort your life out financially and to give you financial freedom. All one has to do is to set up your various staking options and grow them over many years to achieve the profits. We know it is not that difficult to grow the dollar values by 10 x over a 4 year period. One third of the 10 x value generated would be from the growth through the rewards being earned and compounded and the remainder by price action.
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I'll read up on this token. The chart shows its price is close to its 2023 lows. I might buy it, although I prefer quick cash :)
Yes and since then COTI has become an L2 token on Ethereum leading their privacy applications so this is going to explode.
gotta love it man . especially when get that random 10x o.o. hope hive goes to a dollar as well!
Hive doing $1 would be so disappointing and would expect our Korean friends to pump it properly when the time is right. Also being on the futures trading with Binance may make a big difference as well so $1 would be my lowest price.
wow you'd be disappointed with a dollar. from here it's still 5x @_@. If it goes higher better but expecting too much may lead to disappointment :P I'd rather be surprised by it going over expectations
I think it would be a set back if things don't turn around soon. Many coins are in the exact same position as Hive and expect things will turn around when the markets start to pump. Last time Hive only took a few days to move so we have to keep that in the back of our minds too. We have to keep an open mind and be paying close attention.
well it is alt coin season. .everythign will pump as long as moneys around. we at the end of the cycle so from history we will pump. just don't know big of a pump hive will get. I know i will stable some if we do pump and buy back when it dumps
Yes we are normally towards the very end of the cycle. I will also be moving into stables and then move some back when the time is right.
welp looks like a little dip before the pumperino. Let's hope this isn't the end
This is the model I'm using for my crypto accumulation journey. Daily compounded rewards via staking is a great multiplier for accumulating assets. And the mostly passive mechanism makes it superior over more active ways of accumulating. I think the tricky part is picking the right assets and how much of them one wants to accumulate. One cycle may be enough to establish a good foundation, then the followings ones to build on the foundation, multiply and preserve.
100% my strategy and it will be eventually successful and it only needs 8 years.
Have you invested in PAX Gold?
No I have been too busy investing in COTI and still have a few others I need to grow before looking at other things. I would rather have a lot of a few than a few of a lot if that makes sense.
The future is stakes friend. Reinvesting for compounding effect is a steady direction to financial freedom.
Please help send me the link on how to get into the COTI ecosystem and also buy some. Thanks
I think @gungunkrishu knows more than me and will be able to advise on how to get started. You need a metamask wallet to start off and then add coti and gcoti as extensions. The Coti treasury is at https://treasury.coti.io.
hello @gungunkrishu , a little help here to go through the COTI ecosystem. Thank you
hi @daniasi. You can refer this post here. https://peakd.com/hive-167922/@gungunkrishu/coti-v2-mainnet-is-live that should help you get started. cheers
Locksmith Local emphasizes achieving steady growth whilst away by implementing systems that keep operations running smoothly. Automated tools, strong leadership, and clear processes ensure business continuity even during absences. Delegating responsibilities to trusted team members builds confidence and accountability. Regular monitoring through digital platforms keeps progress in check. By preparing in advance and leveraging technology, businesses can maintain momentum, sustain customer satisfaction, and achieve consistent growth, regardless of an owner’s or manager’s presence.
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