Yesterday COTI launched a loyalty earn program which means for doing certain actions you will earn TPS points which are redeemable of COTI tokens. There is a pool of 12.5 million COTI tokens up for grabs and I am still deciding if it is worthwhile doing or not. The problem is where we are in the cycle and it has to be a must ignore for now. There are too many distractions around and I like to keep things simple sticking to what I know works well.
Personally I just think the timing is wrong because at any other time in the crypto cycle and I would be all over this. The minimum investment for the 11 challenges is $1100 and lasts over a 6 week period. I would much rather have $1100 invested in COTI which would be an extra 22000 COTI staked in the treasury and would kind of take my focus away from growing my bags at this important part of the cycle. The aim this time around is to sell and take profit and not get caught up in other activities.
This was the same reason why I decided not to get involved with the new VET staking initiative. The timing I feel is wrong even though you can pull out of these side earning initiatives any time you want, for me it is all about focus with an eye on the prize.
I am extremely happy with my current COTI stake generating 64 COTI daily and rising each week. This week I have added another 2800 COTI since last Wednesday and need to keep this momentum up until the day these tokens are ready to be sold. The total has already surpassed my initial target of 200K COTI and believe this number can be close to 240K or higher depending on this crypto cycle when it is favorable to sell.
Like I mentioned earlier in the article I am not against these extra earning via staking initiatives and actually enjoy them because they can be very lucrative. If this was next March and in the Bear cycle I would be all over this in a heartbeat, but not now knowing we possibly have a few months before we hopefully see new ATH's appearing. This may be a good or bad cycle for alt coins as we have no idea, but deep down even with all the negativity feel this will kick off soon and shock us all.
Crypto moves very quickly so we could see ATH's appearing after a couple of weeks and why we need to be prepared. Many of you don't think this will happen and have given up on the idea already and I am still a believer and if it does not happen still cool with it. Prices will bounce back when ever that might be and why you can rule nothing out because always expect the unexpected. Crypto has the ability to play with all of our emotions if you allow it to happen and why staying focused on accumulation and growth removes any negativity we might be seeing at this current time. The 4 year cycle is a long time to sit through and stay busy so if nothing happens it would be disappointing, but also not the end of the world.