Before going into the details of the Compound Interest mechanism & its power, I would like to share a true story with all the readers. In 2013-14, I was posted at Delhi & one of my team member used to frequently borrow some amount from me & after paying it off after certain period of time again ask for money from me & almost developed a revolving credit limit from me. One day I was just kidding with him & offered him a proposal which he grabbed with both hand without going into details. Apparently the offer was very lucrative. Here is the actual offer which he had accepted. Everyday I will give him non-refundable Rs.1000/- for a period of 1 month & in return he will pay me any amount on the first day and will pay double the amount on the next day & will continue this for 1 month. He started with the lowest denomination available i.e. Re.1. How many of you really think that I was stupid & must have gone mad to extent such an offer? I am sharing the details of calculation & you can make out from that if the game could have continued till the 30th day, I would have earned more than 53.68 crores, but on the 11th day, that guy back out of the game & returned me the amount that I gave him & after that he had never asked for any money from me.
Now going by the basics of what we all were taught in our school books, compound interest will actually show its amazing exponential growth if we can just give time. The fundamental of Long term investors to HODL applies here. Compound Interest is often referred as the Eighth wonder of the World. The great Albert Einstein has once quoted that "he who understand it, earns it... he who doesn't pays it".
Most of the readers in steemit platform are crypto lovers and usually holds certain altcoins. I just want to convey a message to you all that HODL your alts & within few years, this crypto is definitely going to blast with trillion of dollars expected to enter the market. Many of us may have enjoyed the ride of XVG,TRX,EOS, BNB etc. Just make sure to invest in premium alts & hold your position. Being a long term investor will always pay you huge. It is applicable in any sort of investment.
Special thanks to:
- Sumeet Kapoor @moneyguruu for introducing Steemit platform to me.
- @crypto.update for extending all help as & when I require and guiding me.
Share your views in comments section @cryptokuber. Resteem & upvote for your love & liking.
Great way to Expalin Compound Interest.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Compound interest is indeed always the best. You can earn hugely through that. Nice post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@kwabeedat Yeah, hope all readers can make out the significance of this mechanism. Thanks for the complement.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
you are doing marvelous work...keep growing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@ankit14192 Thanks bro. I think better to grow together. Be in touch.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We need this kind of content. You do the same thing and we are all with you.thanks for info you are good working
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@sameerr Thanks bro. Definitely I will bring more interesting article in future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good artcle
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Fantastic explanation! As someone not terrible mathematically minded, it really put the issue into perspective for me. You should do an article on premium alts next! keep the excellent work coming :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@laurenglasses Thanks. Will definitely bring an article on alts in upcoming days.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think you made a story out of Vivek Bindra video on youtube. isn't it kid.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@laughingbudhha Sorry dude I hv not seen this video neither I hv ever heard of Vivek Bindra.But I will definitely check it out today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You just planted 0.03 tree(s)!
Thanks to @cryptokuber
We have planted already 3703.32 trees
out of 1,000,000
Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 18871.60
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 4.67% upvote from @upmewhale courtesy of @cryptokuber!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post received upvote from @tipU :) | Voting service | For investors.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 3.45 % upvote from @booster thanks to: @cryptokuber.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sneaky Ninja Attack! You have just been defended with a 6.67% upvote!
I was summoned by @cryptokuber. I have done their bidding and now I will vanish...
woosh
A portion of the proceeds from your bid was used in support of youarehope and tarc.
Abuse Policy
Rules
How to use Sneaky Ninja
How it works
Victim of grumpycat?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @cryptokuber! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Let's go for the Quarter-Finals
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice blog to learn compound interest in detail
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@somasekhar Thanks for the complement
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
you are doing marvelous job...keep it up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You will be the next chanakya of maths!!
https://steemit.com/@creativeman07
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@creativeman07 Ha Ha Ha.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey bro thank you for good and informative post. I am follower and a big readers of your post. While I am new in Steemit. Plz help me grow in Steemit by upvoting and commenting on my post. Here is the link of my post- https://steemit.com/mgsc/@ankit14192/competitions-with-redmi-y2-price-of-oppo-realme-1-became-cheap-new-price-just-so#comments
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Compound Interest can solve many problems
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@dashingh Yeah, people who understand it can use it for their own benefits
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @cryptokuber! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Quarter Finals - Day 2
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bhai humne india ke logo ke liny ek group bnaya. jinke sabhi ke pas 500 steem power h. wo sabhi log aapas me upvote exchange karte h agar aap join karna chahte toh toh write "500" and send massage me on telegram https://t.me/Jagsarathore
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It was only the system which is used by the landlords of India before the independence of india .In order to just make money and opress small farmer.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey guys my message for those who using bots to earn In steemit.
But bots are not profitable in all time.
There are different times which depend on rates of token to get profitable vote from bots.
I have telegram channel in which we give free bot timing signals in which you follow these signals to get profitable vote of 20-50% profit everytime.
Here is link t.me/steemitgu
Download telegram app and join this channel. I bet that this will be great experience for you guys
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit