The Grass Is Always Growing
When I look at my stake in various investments I am amazed each and every day how the volume is slowly growing. One of the habits I have is to grab a cup of coffee in the morning and glance through at how the rewards are doing.
Many don't understand the influence of compounding and how it really plays a big hand in the growth taking place. This is why understanding each eco system you are invested into plays a huge part of your growth. Someone asked a question on Twitter last night and I was stunned with some of the replies as this is pure ignorance and partially laziness as to not bother checking.
The investment on COTI doesn't auto compound and you have to claim to maximise the investment. The rewards earned daily only grow at the lowest APR until they are staked which will then double the APR on those rewards if you are on the safe level or they could 16x if you are on the highest which is a huge difference.
Some had no idea as they had no clue thinking the stake is locked and were just letting it sit for the entire time frame. Others claimed once per year or every 6 months or even once a month. Out of habit I do mine every 2 days as the cost is minimal and the rewards far outweigh that as it is negligible.
Imagine investing using compound interest and not actually farming your rewards making the compound work for you? This may be obvious to us as we learned early on from being involved in the Leofinance Kingdoms and from how our Hive account works. The obvious is not so obvious as this chap was not alone as there were multiple people asking how they can do this. The only dumb questions are the ones never asked.
The difference between someone doing it annually and daily or weekly can turn into thousands of difference over a 5 year period. 100K tokens compounded daily on a 12% APR would reflect around a 6K difference within a 5 year period which is like throwing away 100 tokens per month.
This for myself is the fun part of crypto as the numbers always keep rising making your bags bigger so why leave anything behind when it is there to earn. These numbers may not seem like a huge deal today as the price is so low, but when they actually have value thousands of dollars have been tossed aside.
Growth has never been easier to achieve as the various options we have for staking allow us to print our future financial gains. How we fair and the actions we undertake will be the difference between those that have taken the time to learn and those that haven't. Our investments are like the grass as it just never stops growing so it always needs attention to keep it in control.
Posted Using LeoFinance Beta
It's tough. You can burn through a lot of fees in gas and claiming. I can understand why people have just gotten used to letting it sit. You can really get burned by stuff like that. They likely have the stories to prove it. I only claim my CUB when I have 1000 saved up. With the price of the token being so low it isn't worth it otherwise.
I will be the first to say here that if anyone wants to invest in crypto people, they should come up with their own target Long time, because the short term loses. And we have staking option we will invest and stake it for two to three years then we can earn good profit. Apr should be low because if one Apr is high then the supply of coin will be high then it becomes very difficult to read the price. I've done a lot of research on this project, it's a great project for long term.
Staking is the best way these days to grow your portfolio, that's what is not liked by the Government and SEC, and they want to Control us and our money by putting pressure to stop innovations like staking.