This is a screen shot taken last year on the 16th December so roughly 2 weeks from being a full year. The only reason I know is I track my progress continuously as it helps me understand the growth process. The exact same way we should be doing with all our crypto bags including HIVE. Actually HIVE got me into this method of recording the growth and it does really help inspire you to achieve more. If you are someone who does not track their growth then I would highly recommend and encourage you to do so.
Just over an 85K COTI stake increase over the last 50 weeks which is quicker growth than expected as that was roughly 60K per year prior to this last year. This is an average of 7K growth monthly which I am very happy with. What I find a little depressing is this time last year the price was far higher with the 154K COTI stake worth over $25K and considering I have added an extra 55% this year the stake is now worth $6.6K. Not the end of the world as we know the accumulation game is all about the number of tokens and not the price. The tracking of the stake growth has kept me active on COTI for over 4 years now just to see what is possible to achieve over 1 complete crypto cycle in tokens and dollar value.
On HIVE we don't really have a specific growth tool we can go back in time to check our growth and I use the SPK snap shot airdrop data as a reference which was dated 06/01/2022. We were given Larynx tokens one for one with whatever HIVE was powered up and back then received 63 530. This tells me it had taken 4 years minus two months to achieve 63 530 HIVE and in the last 4 years less 1 month have grown by roughly 118K so not quite double the first 4 year rate, but close. This kind of hits home how long you have been active here lol.
Snapshot taken January 6th 2022.
Stake does enable you to grow faster as the rewards generated from the stake are compounded resulting in a quicker growth rate. Time is what is required to see this taking place and the longer the time the bigger the compounding impact is.
We spend most of the crypto cycle accumulating and growing our bags so you maty as well pay attention understanding where and how your growth is happening. This I do think is important as it does get you into a growth mindset focusing on more growth. Those of us who have been on HIVE for many years know this mindset too well and it has influenced my other crypto staking projects and do believe this is an advantage we have over other crypto investors. This is what we do every day and price makes no difference because the stake is what generates more stake.
There are quite a few users on HIVE who do a monthly report on their growth tracking which will help them achieve much more than those who don't. The tracking does kind of gamify what many would seem as a boring process yet this method does work very well. You do see the rate of growth increase over the years and shows you that time is required in order to grow.
Posted Using INLEO
I've been keeping an eye on my COTI stuff a lot more lately now that I don't have to use a VPN to access it.
I don't do a monthly Hive progress report, I probably should do it... But I track my Hive progress daily!