The problem with my COTI investment I cannot afford to wait for the pullback which may or may not happen due to DJED launching. Even if the COTI price did 4 x I would still be buying as the price is still cheap as I have my targets set and those cannot change.
Over the next few years we will hear about dollar cost averaging frequently as the prices are not always going to be so cheap. I am in the view the prices are still going to drop and we are not done with the Bear Market so a small 10% increase over the last few days is still a cheap price considering where we were 14 months ago.
Last night and this morning I have been busy adding to my bags even if the price does still drop as this is how you grow. If you have been doing a routine for months on end then why change it as this method works. Using DCA whether there is a dip or not will get you out in front.
The one investment COTI has some major launches within the next 7-10 days (DJED) and within the next 5 weeks GCOTI (Governance). Thee is no time to wait for dips as I do expect the price to move up by a good 100% or higher within the next few weeks. The sell orders in place tell you what many already think as they are at 3 x the ATH over $2. Maybe wishful thinking but the amount of COTI that will be purchased off the exchanges will be a large number with the fees that are generated used to buy the COTI. If you had to buy 1 million COTI or more this evening the price would see a major price increase.
The number is still the unknown factor as how much DJED will be minted as tens of millions per day would be required. Personally I do think everyone is underestimating the numbers and why anyone would want to offload stake at $2 is disappointing and also crazy. Unfortunately a majority of those in crypto are greedy and why we have so much volatility. If a project is that good why are you even selling should be the question. This is why you have to keep on buying no matter what as in this case the price could change considerably as this has to be treated separately from the rest of the crypto market.
If you have a large stake and can earn 10% plus APR there is no need to sell as this is still the beginning of crypto and we are so early. I can still seeing nay people having so many regrets as certain projects may not come back to the lower levels again and the thought of buying back at cheaper prices may not ever happen.
