The accumulation phase which is basically the entire 4 year crypto cycle is for myself the most enjoyable part about crypto. What is there not to love about increasing your bag sizes knowing this will all be worth so much more. The aim however is to create so much value that this can provide an income stream forever once this has grown large enough. I do think 2 complete cycles done correctly could unlock a $10K monthly income figure which is what I am seeking.
The 1000 COTI or there about that I am adding each week and have been doing so for years is just a process now and needs to just happen. The target of reaching 200K COTI staked will happen some time next year hopefully before we see the ATH's appear so this can all be sold for the process to start all over again. There is no holding until the next cycle because we all know how this works.
The hardest part about staking is the getting started phase because the numbers are so small and the rewards earned are even smaller. Over a log period of time however as the stake swells in size so do the rewards and that is the plan here. At some point within the next 12 months these numbers will slowly change from the 1000 per week into 1100 and then 1200 and more. At the current rate of growth this will take around 6 months to earn an extra 100 COTI weekly which highlights this is actually growing quite quickly even if you don't really notice this. Compounding the rewards takes time to happen and the only way this is sped up is by adding to the numbers through weekly buy ins.
Nothing needs to change as this is a simple strategy that works without the risk of having to trade. How profitable the investment will be is the unknown and is what makes this so enjoyable. We all have some idea what our investments are worth ,but will only find this out every 4 years or so.
The 1000 COTI being accumulated weekly would be worth $660 going by the last ATH price and done over the 52 weeks of 1 year would be worth $34 320. Obviously the hope we all have is we see a much higher ATH next time around meaning the work we have done has all been worthwhile.
In theory when I sell this stake some time next year this should be worth more than $140K which is still a decent number. How many people in the real world would have that type of money lying around after just 4 years of savings and it will not be many. Again this number could be 2 x or even 4 x more in value and yes could also be less, but I don't see that happening.
This stake is all about one day being able to earn a passive income from our online activities so whatever the amount earned this cycle has to be reinvested back in for the next cycle. Having a higher dollar value as the starting point next time around will just make the growth happen that much quicker. Having $100K or $200K earning a minimum of 6% would be worth anywhere between $500 and $1K monthly which is already a decent income stream, but know this is still the beginning of where it can go. There is still many years of accumulation required which will be well worth the effort once this has been accomplished.