One thing for sure crypto is not about instant riches which is what everyone presumes in crypto until you soon realise there is a lot of hard work that lies ahead to unlock the wealth.
Up top in the screenshot is 2 of my 4 stakes in the COTI Treasury and this has been an ongoing project I have been accumulating for the last 42 months. Just by sticking with it for a length of time things are only now slowly coming together.
Firstly you have to understand the staking process because mistakes can cost you which they have in my case and thankfully those are now behind me. You live and learn and then move on making sure the next time you do things properly the first time around.
Only a few months ago I was earning slightly under 40 COTI per day and now that has risen to just shy of 42. Again you cannot look at the current token price and have to only worry about the accumulation numbers. The $126 monthly value that this equates to is nether here nor there, but saying that even if the token price never moved up and stayed the same this over a lengthy period of tie would hold some decent values. Thankfully the token price will rise and will unlock far more value in the future.
The way I see things is that the rewards that are being earned daily are what are setting us apart from those that are not in crypto and those in crypto who only know how to lose money. If I add all my crypto portfolio rewards monthly I am slightly under $1.1K which I think is a decent amount considering this is not taking anything out of your pocket and this is slowly compounding creating even more. The $1.1K could very well grow into $1.2K within the next 6 months and that is where we should all be heading accumulating more and more.
The fact is stake generates more stake so each day you are earning more than you did yesterday even if it is only a fraction of a percent. I think once you analyze and break down your growth you tend to do better even tough you know your target is still many months away. I think turning the 42 COTI into a 50 a day reward could easily take another 8 months to achieve and that is just being realistic.
Sometimes it is hard to see the progress being made, but the good thing is we know it is happening and why being patient is something we have to learn. The total opposite way of thinking from the Lambo and moon boys. What is for certain is sticking to a plan will eventually achieve the desired results and it does not matter how long it took to achieve as long as you reach the intended goals.
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I think for some people it is about instant riches. Which I think is what makes it all the more frustrating. I am sure there are plenty of stories about guys who have been in crypto playing it safe for over a decade and they have little to show for it. Then you have the random guy who is bored, installed Robinhood, and bought Doge at the right time and they are millionaires. It's all about as lucky as buying a lottery ticket at the right time honestly.
I agree, but we are kind of working differently and I think this will make most of us very successful and we just have to see this through. We are far more tuned to what is happening in crypto to the average investor.