Crypto is the perfect investment to compound because we know the cycle is 4 years long which is almost too perfect. Compounding needs time to perform its magic which is earning interest on the rewards being made over and above that made on your original stake.
Tonight I was harvesting the rewards again when the weekly GCOTI rewards arrived. The other harvesting of COTI is done every second day which is paying out just over 40 COTI daily.
Before
After
The staking of the rewards done this evening may seem like nothing, but this does add an additional 0.151 COTI daily. Small steps forward and why compounding just works if you give it the time it requires. Besides being a hell of a lot of fun this method is also very profitable. This done weekly adds another 55 COTI per annum meaning every month your earnings are rising by more than 220 COTI annually over and above what you are already earning. This is an efficient yet simple way to grow and accumulate your crypto bags and more importantly it just works.
Simple but effective and takes away the risks of having to trade leaving you to concentrate on accumulating. I honestly wish I knew abut this earlier in life because it is such a strong financial tool once you understand how it works. You can understand how people have made their wealth over a life time of compounding.
Next week will be the same story repeating itself and the only difference is the stake is getting bigger due to the harvesting of rewards from the previous week. The more you have the more you make so the goal is to become as big as possible.
The aim of achieving 200K COTI before the peak of this cycle sometime towards the end of next year is very much a reality and the task becomes that much simpler with every week that passes. It seemed like just the other day I was aiming for 15K COTI staked and now I have 10 x that number.
The next cycle will be even easier due to selling at as close to the peak as possible and buying back in when the price is hopefully at the lowest or close to it. This could easily see my stake do a 10 x the number of tokens whilst still keeping the value of the overall stake at the peak price. That is the aim for this cycle to achieve and to eventually end up with a monster sized stake earning a passive income.
Crypto is as simple as you make it and why having a simple to understand plan makes crypto easier and more enjoyable. Crypto should be fun and stress free because this is enjoyable.