Growing your crypto bags is easy if you keep things consistent by maintaining the momentum week after week over a lengthy period of time. Time is your friend in this instance as this process cannot be rushed. Wednesday on COTI is we GCOTI rewards are handed out and this boosts my earnings by roughly 0.2 COTI per day. You do that for a few years and it adds up fast.
My COTI stake is a prime example as I have been consistently farming and compounding my stake along with adding tokes on a regular basis. Next month will be 3 years that I took this staking business seriously. The first 12 months I managed 62 100 COTI staked and in the second year replicated the same number ending up on 124 200 COTI staked. To maintain this momentum I need to be on 186 300 within the next 6 weeks and I am slightly under performing currently.
A quick calculation tells me I am roughly 22 K short ad over the next 6 weeks will farm another 2K in COTI rewards. I need to add another 20K COTI somehow and will ty and add another 10K later this week which will take the pressure off. The pressure is my own pressure which is the goal of achieving 200K COTI before we see the peak of this crypto cycle. We all want to do well with our crypto portfolios so pushing yourself to have the highest amount of tokens possible is not such a bad thing.
The expectations are high and I have kept myself grounded by having realistic figures in mind and believe $500K is achievable in this scenario. If it is more or less then I am good with that as well, but I will be selling and taking profits setting me up for the next cycle. This is a hamster wheel that keeps on spinning and there are no breaks.
he price is the big unknown factor and with COTI becoming COTI V2 a privacy layer 2 Ethereum token later this month I see big things. Once this goes live we will see the partnerships unfold and we have heard multiple block chains have adopted this with ADA, LINK and SOL in the mix not forgetting Ethereum as COTI V2 solves front running trade bots being used in DeFi. Last cycle the top L2 toke had a market cap of $19 billion and if COTI matches that which many think is possible that is a $6-$9 COTI. Now you see my $1.50 - $2.50 is sort of realistic and not that crazy.
Staying active for two complete cycles is all this takes to generate life changing money or that is the plan in this case and I do believe by 2029 this will be the case here. Thinking long term is only a mind set and I am close to half way and have to see this through to the full term.
I cannot think of many other hobbies that could offer you $500K within a 4 year period and then possibly $5 million after 8 years through selling at the peak and buying close to the bottom and re investing. Sounds too easy, but there are so many factors that could go wrong and one can only give it their best shot. I think this is a learning process for all of us and we are learning all the time as we have an idea of what is possible, but have no real idea if it is achievable or not.
At least for now the foundations are in place to capitalize on what the market offers and we shall see what and how this plays out later this year. Will the stars align and make it a bumper year for all of us is what we can all hope for. If the price is not there then the dollar targets are meaningless and why you just concentrate on the number of tokens.