Last night I noticed my COTI simple earn stake had been moved back into the KuCoin funding account. This has happened before and may be nothing or it could be the end of COTI staking so this is too early to call just yet. Last month the same thing happened and we had to wait a day or so to restake the COTI in order to earn daily rewards of 18%.
18% is a significant APR being offered as a daily reward and this I was kind of banking on to see my stake surpass 400K COTI this year. I was with in touching distance of earning 190 COTI daily which would be close to 6000K COTI monthly with the daily compounding. Over the last two months I have accumulated over 11K COTI and would like that growth avenue to continue. This represents nearly 5 years of work and growth stagnation is not an option when you have come this far.
6000 COTI monthly may seem like nothing but this still represents $80 per month growth at these very low prices. The way I see this with any crypto growth is that $80 represents an $80 growth over those who are not already in crypto. This is the getting ahead part which I do think is important and why staying active and accumulating no matter what the market conditions are is the key to unlocking financial wealth.
The $80 in face value is just $80 yet we know once the market turns green that $80 will not remain in place and one can add one or two zeros on the end of that. $800 sounds a whole lot better than $80 yet that would only represent 20% of the last all time high back in 2021 so who knows what the numbers will be next time around. An $80 earning potential each month is still decent in my thoughts yet this could easily be $4K or $8K which changes everything and why staying active accumulating is that important.
You often people talking about hind sight and through accumulation you are removing that type of thought as the accumulation is what is the key and not the price for 90% of a crypto cycle. Hindsight means you failed somewhere and knowing a crypto cycle having been there and done it before you need to take advantage of every situation to do the best you can.
I am patiently waiting for KuCoin to implement the simple earn staking again which I hope will happen other wise I will just have to start investing again to achieve those targets I have and need to achieve by the end of next year. The exchanges do not seem to be on the ball and this could just be an oversight on their part and having seen this happen last month expect it to restart again. This makes things a little harder because you have to now fill the void in my case of around 6000 COTI monthly which is worth $80 currently.