Staying on target and knowing you are tracking that target in a certain time line is sometimes hard to achieve because the time frame is a lengthy one. Earlier this year I decided my COTI stake needs to reach 200K by the time we see the market peak which should result in a very good payday. This stake is all about selling and buying back with the aim of setting up a massive investment offering a large enough passive income or income.
In April my stake was only 124.2K having doubled this within the previous 12 months from 62.1K COTI. The stake has grown 18K from April which is slightly under where I would like to be, but looking at the numbers is still on track for 200K by this time next year. Sticking to a routine and being consistent in achieving targets that seem daunting at first is the key because it does become easier the longer you keep at it.
The secret is knowing that the compounding effect with earnings made via the APR compound on each other and your daily earnings slowly increase. This is over and above your regular buy ins and why the final months next year will see this target achieved.
A place like HIVE has taught us so much about growth and we know how it works more importantly knowing what is required to make it happen. The majority in crypto don't know what this takes and why we have an added advantage. Over the next few months the daily rewards will be on or around 50 COTI daily which would be roughly an extra 500 COTI earned monthly since April. You cannot control the APR being earned, but you can influence your earnings making sure they remain consistent through increasing your buy ins if required.
Knowing the use cases of what COTI offers is what is keeping me active mainly because of what values this investment could be worth in the future. I am firmly in the camp that the majority of the 15K crypto projects around today will disappear within the next 10 years due to lack of utility meaning there is no reason for their existence. This will become very clear over the next crypto cycle when we see crypto projects crossing over being adopted by the real world for the technology they provide. There are just too many projects around that offer nothing and why when you find one you stick with it and grow as quickly as you can.