97.5% Achieved
Setting targets and achieving them is a journey that can take many years and in this case with my COTI stake will represent 45 months and by the time I have completed this will be 46 months which is two months short of 4 years. This may sound like a long time for most yet it is just the beginning of what we should all be doing.
Four years ago when the all time high's hit at the peak of the crypto cycle I was all in on HIVE and had not even looked at any other investments. The realization having all the eggs in one basket was not a great feeling and one I vowed to change.
The hope or plan was to build and accumulate 5 large stakes over the coming
cycle and I found out this is easier said than done. The COTI staking has consumed the 4 years and the only extras I have are a medium size bag of VET and VTHO. There is some shrapnel of various coins that if scraped together may add up to $2K, but nothing major.
When you are growing your crypto portfolio from zero investment things are going to take a little longer than the average person with the difference everything you make is taxable as this is all profit. The end goal is to hot the $1 million mark first and then build from there as we all know money makes money as it is far easier to grow.
The big news coming out of COTI this week is that US users can now stake their COTI in the Treasury. Up till now due to regulation laws US users were cut off from investing their stake within the Treasury. This would have discouraged many from getting involved as staking is the key ingredient to compounding your stake. The 78 COTI I earn daily is 2.4K COTI being added monthly which is nearly 30K per annum. Next cycle should be a breeze and doubling the stake would be a given having a 200K starting number and if I was not selling and buying back I would be eyeing 500K as the next target. Maybe I can eye 1 million COTI next depending on the selling and buying back so we shall have to wait and see what is possible as the next target.
With the US now able to stake then the APR may drop again coming down to 5% so the GCOTI will play even a bigger role than it does now to boost the APR. My head tells me we will be earning around 10-12% APR in the future which is still good. If one had 1 million COTI staked earning 12% and COTI was $0.20c that is still $2k monthly as a passive income stream. This is where the value lies in crypto and not necessarily the big payouts because passive income is so hard to create in the real world and is considered the Holy Grail of income. This is why staying the course is vital to the final outcomes and looking past the quick buck mentality. Keep your strategies simple and one day the chances are you will be very wealthy.