This week vs 7 days ago highlights the stake devalued by $3200 which is a hefty chunk and the plan is now to grow that chunk back in stake reducing those "losses" over the coming weeks. Already the stake is up by 8000 COTI which has roughly reclaimed $270. This is all we can do in this current market to move forward.
A week ago the crypto market was hit by the biggest liquidations in history with a reported $19.2 billion and again last night by another $1 billion. This was minor however and did not make such a big impact on prices. I say minor as this did not impact my daily rewards through a higher APR as the COTI pools in the Treasury were cleaned out last week. I am sure there are some who have topped up their investments into the higher risk pools thinking we are only going up from here. With so much uncertainty and volatility around this would be unwise even though it did cross my mind.
What has amazed me is normally when we have liquidations and the COTI treasury APR is boosted as the losses are shared out as rewards to those still staked the APR has only dropped in my case by 5.57%. The APR last Saturday went from 14.43% up to 86.48% and this afternoon is sitting at 80.91%. The daily rewards are still at 480 COTI daily down from 488. Again this represents how many millions of COTI were liquidated and this will take some time to distribute them.
I have done some calculations trying to work out roughly what I will be benefitting from the liquidations by dividing the total staked coins in the COTI treasury by my staked COTI. This came out with a figure of a guesstimate of 7000 COTI which is a rough guide of what is expected. So far I have received roughly half being about 4000 COTI. If I am right which I am not 100% sure then this week we shall see the APR drop off quite quickly. My calculations do not allow for the boosted GCOTI so I could be way out and receive a lot more which I will not complain if that happens. Dropping by only 5.57% the APR has remained consistently high so this is now a wait and see process.
Just one week ago I was having hopes of reaching a total of 230K COTI staked this year and now I am contemplating whether 250K COTI is achievable. The stake is growing so fast over the last week next weekend I should be on or around 230K COTI. This is how quickly the crypto market can influence your stake even if the price has dropped by 30%. if the price remains as is for the next week the 30% loss in Dollar value would have been reduced to around 15% though the extra tokens earned and staked. That in itself is a big win and what I call treading water limiting your losses. When the price returns to what it was originally my dollar value would have grown by close to 20% which is what we would all like to see happen.
Forget your portfolio price losses and concentrate on growing the token numbers as this method does work. This is the only part of crypto you can influence and adds a positive mindset in a crypto world of negativity. Crypto is a game of numbers and this is easy to master and understand when you have the bigger picture. If you play this game correctly you will always come out the other side richer and why these are the things we have to do. Thankfully this is something we do automatically on HIVE and what can be used on all our other crypto bags.