I saw this post the other day in my COTI Twitter feed (X) and it shows how people think. What is enough for some may not be enough for others and it is kind of crazy to think that of the 157 that voted more than 50 think that $100K is enough to make a difference in your life. Even if COTI hits $5 or $10 valuing $500K this is still nothing in todays world. What we have by being involved early is worth far more than that and we need is some patience.
20 years ago if you said you had a $1 million dollars you were considered well off and today that number is not seen as wealthy. Having a $100K or $500K may help you pay off bills and give you breathing space for a few years, but this is not life changing. It seems everyone wants instant riches and has no concern for what they will do in 10 years from now. We need to guarantee ourselves financial freedom and to leave some behind for our kids and grand kids.
What I see as a life changing amount is what it generates for you via a monthly income whether it is passive or larger. My goal has always been to generate $10K monthly as a starting point. The way the economy is moving and the prices continuously rising $10K monthly will be seen as normal in the next decade. Why cash out when you can just keep building by staying in crypto.
Crypto gives you the opportunity to get ahead and by selling it you are falling back into the trap that everyone else is already in. The value is your crypto portfolio and what it can generate as an extra income. This is why having a passive income is seen as he Holy grail of incomes because this is what everyone is striving for.
As a good example if you had 500K COTI and sold your stake later in the bull run and it was worth $1 million and bought back when the price dropped and did a 4 x on your stake you would be holding 2 million COTI. The APR is roughly 6% which would give you 10K COTI monthly in rewards which depending on the price could either be a passive or genuine income. My bet is that it would be a better income than what the average person is earning monthly.
If one kept on accumulating and repeated the same process at the end of the next cycle the numbers change significantly and you would be regarded as wealthy. The reality is people do not have the patience to see their investment through and will always sell too early.
$500K would not set you up for the future because once you have paid off a house and a car there would be very little left and you would be back at square one and then what? Having a stake generating a monthly income is always going to be there and the value is only going to rise if you have selected your investment correctly. This is the true meaning of financial independence not for now, but for the future.
