Physician, Scientist
Joined January 2015
- Tweets401
- Following543
- Followers149
- Likes2.9K
25 of America's biggest banks just picked a crypto company to move their money.
Almost nobody is talking about it. 馃У
Put $10,000 away and leave it alone for 40 years.
At 0.5%: $12,208
At 4%: $48,010
At 7%: $149,745
At 10%: $452,593
It's the same money and the same patience. The only difference is the rate, and it's worth $440,000.
Rule of 72: divide 72 by your rate to get the years it takes to double.
At 10%, your money doubles about every 7 years.
At 0.5%, it takes about 144.
Where is your cash sitting right now? 馃帴馃憞
Interesting $Pokegrass
Six places in the region are open to everyone. The seventh is not.
On Legend Summit stands a stock token: NVDA, TSLA, AAPL, COIN, GLD. One of them, every two hours, for thirty minutes. Five percent a ball, and most throws come back empty.
Holding $POKEGRASS opens the gate for good, it is the first perk of the rank. Everyone else buys a Summit Pass: two dollars, twenty-four hours, paid in ETH and burned into the token.
One place in the region asks who you are. This one.
Would you take $1,000,000 today, or a penny that doubles every day for 30 days?
Most people take the million.
On day 20 the penny is worth $5,243.
On day 27 it's worth $671,089.
On day 30 it's worth $5,368,709.
Half of that arrives on the last day.
Compounding is slow, then sudden. Most people quit on day 20. 馃帴馃憞
You owe $5,000 on a credit card at 22% APR.
Pay $100/month:
Paid off in 11+ years
Interest paid: ~$8,700
Pay $200/month:
Paid off in under 3 years
Interest paid: ~$1,700
An extra $100/month saves you $7,000 and 8 years.
The bank is counting on you paying the minimum.
Two friends invest $200/month at 7%.
Sarah invests from 25 to 35, then stops forever.
Total put in: $24,000
Mike starts at 35 and invests until 65.
Total put in: $72,000
At 65:
Sarah: ~$252,000
Mike: ~$227,000
Sarah invested a third as much and still wins.
Time beats money.
numbers can be beautiful and cruel at the same time.
the beautiful part:
+ i was happy when $OPENADS went from a $10k market cap to $30k. it felt like the game was starting.
+ i felt the same when 144 people joined the waitlist. another number telling me something was starting to move.
but numbers have another side.
- when they go up, they can come back down.
- when they go down, they can always come back up.
the more i obsess over every number, the more pressure i put on myself. so i鈥檓 going to spend less time watching the numbers and more time building what those numbers are supposed to represent.
and as i mentioned, today is the day.
you鈥檒l finally be among the first people to use openads on @arc.
gonna have a shot of soju before launch.
$OPENADS
That's why it's pumping. Buying their own coin to create Fomo. Please don't give them money $Appshare
This Post is from an account that no longer exists. Learn more