Not Even Close

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With crypto depending on where you are in the cycle the idea of making a passive income may actually move away from where you were last month. Crazy due to the stake increasing, but the value of what is being generated can drop due to the price falling away. Don't give up and lose the goal as it will return even if the price doesn't move up as your stake is building 24/7. This is what I like to call treading water and where the real growth happens even if you cannot notice it. The point is one cannot give up on the idea and ploughing on is the only move to make.

I am slowly homing in on my staking portfolio goals and will need to start thinking about new ones. I have a good idea but it seems like an anti climax right now due to the overall dollar value knowing how much it used to be worth. The value is still there and you cannot be fooled by the Bear market and those numbers will bounce back revealing a small fortune. Hive has taken a pummeling but then so has everything else so crypto is all taking the same boat ride.

Most of you know I have been staking COTI quite seriously for a good 18 months now and the stake currently sits on 99K which 21 months ago would be worth around $66K and now is slightly under $4K which is kind of crazy. This also highlights how much work still needs to be done and earning a passive income worth somethings is not even close to happening. The APR on offer tends to fluctuate weekly and one week you could be earning 22 tokens per day and like today it is slightly over 19.

I do have a plan to increase those which will see the earnings jump from the 19 daily to over 52 COTI per day. This is a rather significant increase and changes the earning potential on it's head. This would then be worth around only $2 per day currently which is not really much, but the potential when adoption happens is tremendous with the hope of being worth more than $50 to $100 per day. The one change I do see happening is the APR will rise along with the price when this happens and that is what I am banking on.

Potential is a big word and why selecting real life use case crypto projects is such a big deal due to the values that should arrive seeing an overall upturn in the projects valuation. This is like buying Apple stock in the early days when you know there is something special going to happen. Their is hope and why we invest in our selected projects.

When you constantly reassess and evaluate where you are at with regard to passive income streams it is more of a leveler or hammer blow each time , but you cannot lose focus. Nothing has changed except the prices have dropped significantly which only highlights how much more staking is required. This is like a never ending game of cat and mouse as last time out I was earning well over $30 per month and now back to just over $20.

Price is everything and now having two projects closing in on 100K just a 1 c movement either way sees the value drop or rise by $1K on each. On a positive note however we know we are down near the bottom and there is more upside than down side over the next few years. If we continue on the same path growing our stake then I see no reason why the $20 or $30 monthly cannot be turned into $100 even at these prices.

What we do now will impact our future earnings and why it is important to ignore the FUD and keep on building daily. Within the next year I know I can double the dollar value of this stake and open up a few other opportunities in other projects.