Happy to see the COTI Treasury has now fully upgraded including the mobile app mainly for selfish reasons as now liquidations are live again. Who would have guessed one could be so happy earning off another's misery, but this is the dog eat dog world of crypto. Liquidations have been on hold since the Treasury went live and it has cost investors having missed out on the extra bonus liquidated coins. I must have made hundreds of COTI just in the last 12 months via liquidations which forms a major part of the growth.
I understand development takes time and at the same time I personally feel this should have been deployed at the same time when the Treasury went live. This delay of around 3 weeks has definitely favored those in the higher APR staking pools due to no risk.
The last dip we saw today and the one prior last week could have cost the likes of myself at least 100 COTI tokens which we normally would have earned via an increased APR. The liquidated tokens funnels back to those staked in the Treasury and on average boosts the APR for about 72 hours. Hopefully over the coming weeks we will have a little more volatility offering up some extra earning opportunities. I used to feel bad for those being liquidated, but these days feel if you want to gamble and play with fire then it is your own fault. The risk versus reward is just not worth the extra you may earn knowing you could lose it all.
Liquidations is something I don't really understand and know loads of money can be made in one or two trades and in the same breath you can also lose everything. $1 billion lost in the last 24 hours and this tells me I would have definitely made extra COTI today if liquidations were enabled much sooner than today. COTI hit a low of 5.32 cents which would have wrecked those staking in level 3 and level 4 staking pools and possibly level 2.
With so much uncertainty happening with US politics you can either make a fortune or lose a fortune during times of volatility. If you were a politician and knew what was about to be announced you could easily benefit from the markets and I am sure many are doing just that.
Crypto has an image of fast wealth mainly as Bitcoin rose so fast in value that the masses believe it has to be simple. This is not even close to the truth and why so many crypto investors have lost money. I remember reading a stat that around 90% of those in crypto are operating at a loss. This surely depends what crypto is in your portfolio because if it was just Bitcoin the majority would be in profit. This is a bit of an unfair stat if we think that in the next 6 months 90% should be in profit and only 10% losses with those buying the peak of the cycle.