The APR has fluctuated this week with my COTI stake and the extra rewards earned from the liquidations has slowly fizzled out. This was good whilst it lasted and cannot complain and am just grateful for any extras.
This last 7 days has been very good for growth and things seem to have settled back to the 90 COTI rewards being earned daily. This is still better than expected and a good result for nearly 4 years work.
The target of 200K COTI stake is not in doubt and this will be achieved over the next few months hopefully before the peak of this 4 year crypto cycle. This has been a good exercise to gauge what is possible when you stick with a project for a length of time and the 200K COTI target would have taken 4 years to complete. The ATH last cycle for COTI was $0.068c and with what they have added since then and more importantly now an Ethereum L2 token the next ATH should be considerably higher. Just the $0.68c token price would then make this effort be worth $136K which averages out at $34K per year which is rather good and would justify the time taken. Anything extra is a pure bonus and would be kidding myself if the ATH was not broken this time around as I do see a much bigger value coming.
4 years ago when i started looking for staking opportunities I had the goal of finding 5 Crypto projects which would generate $25 monthly making a $125 passive income stream. That was never going to happen as it has taken 4 years to reach just one of my targets which is still earning more than what 5 smaller stakes would have at $25 each. The 90 COTI rewards daily are worth $135 monthly so the $125 passive income stream goal has been reached even though it is with only 1 stake.
The more of less than less of more is how I like to invest as I do think you give yourself a better chance of creating wealth with a couple of major stakes versus having loads of smaller stakes. The goal is still to have 5 stakes earning a monthly income and I am just hoping this does not take 4 years per stake to achieve as that would put me into achieving this by 2041. I do think long term and this is even out of my thinking zone and is just too far off.
Things do change very quickly in crypto so anything is possible and can never be ruled out even if it does sound kind of crazy right now. The way I see each cycle is it is a new beginning and you should be in a better financial position to do much more in each cycle if you sell high and buy back low so I see no reason why next cycle I cannot have at least 3 equivalent sized stakes earning $135 monthly. I know the COTI stake during the next cycle can grow far more and this is now a solid base in which to double or triple the earning potential.
The long term goal is to have a $10k income stream from a crypto portfolio staked and earning rewards which I do think is achievable. Nothing that holds any type of monetary value is created over night and some serious effort, time and work is required in order to achieve these types of goals.