Why is it most of crypto is thinking long is 6 months or less and doesn't really understand what long means. Instant rewards and overnight success is what the masses want yet are not prepared to work guaranteeing it happens because they are scared of the time factor which may involve a four letter word called work.
Simplifying crypto making it work for you is the key that unlocks the true wealth over time and will at some point turn into a permanent revenue stream. This is the path I have chosen selecting staking over trading because I have not learned the necessary skills for the latter. Within the next two years though the plan is to learn the necessary trading skills creating more revenue options.
For sure trading offers more profitability if you are good at it, but there is no risk attached to staking which is also profitable. The larger the stake the more you earn and the only way to get a larger stake is to work on it daily by having it staked earning an APR that compounds regularly preferably daily or weekly because this is an important part of your growth.
Trading crypto is a quicker way to securing financial freedom but one needs to understand staking will achieve the same results, but over far more time. If you set your goals over a 10 year time plan which is realistic you are giving yourself the time to grow and achieve your end goals. If you can learn trading in the meantime however you would be growing using two different methods.
You obviously trade nearing the peak of a cycle and buy back low a few months later so you already have the basic knowledge that needs to be expanded upon. What you are doing however is different to the majority who tend to buy and hold waiting for the prices to rise in order to sell. The months and months of a bear market which averages out at around 10 months where you are earning every day and those holding are not.
One has to simplify things by breaking staking down mathematically and it is surprising to reveal what is possible. The compounding table is a great tool to use and I will use it for just one of my crypto stakes over a 10 year period from today. Forget the price this is just the number of tokens that can be grown over this length of time. I say price is irrelevant or now because we are still so early and most projects need to mature to reveal their true values.
This is just a guide using 12% APR as an example but from this you can achieve over 3 x the starting point in 10 years. One has to factor in selling the stake every 4 years buying back in cheaper which even if it was doubling your stake each time would change the numbers significantly and suggest closer to a 20 x growth over the 10 year period and that is being conservative. In theory the 125K tokens I currently have could have grown to be more than 2 million tokens in 2034 and who knows what the crypto prices will be like by then.
There are obviously no guarantees in any investment and why you need to select wisely and take the time to research your investments thoroughly. Having a stake of over 2 million coins is meaningless if you have no real dollar value which in theory should be life changing when done correctly.