How We Make The Magic Money
That's right! This is how we make our magic money grow with just a little bit of help from that magical "Miracle Grow" we call compounding. Yes we could just wait around and earn an extra hondo or two with our money tied up for 299 days OR... wait for it... we could compound that bitch into almost $1,500 in the same amount of time! Tell me that doesn't sound like a plan. Well how do we do that you ask? By simply reinvesting the daily interest payments. It is really quite simple and today for all those not familiar with Bitconnect I am going to show you just how simple compounding is.
As you may or may not know the Bitconnect Lending program offers a fairly consistent daily interest payment payout on principle generally in the neighborhood of around .8% although recent days have proven to be a fairly pleasant deviation from the norm for those already involved with BCC lending. Lucrative to say the least. Skip paste the tutorial to check out BCC a little more in-depth.
After setting up an initial loan and a few days go by, it is only inevitable that the lending wallet begins to start building up with some of that fat interest profit.
Step 1: Time to Reinvest!
Step 2: Select Those Funds!!
Step 3: Pound that Reinvest Button!!!
That is How Compounding is Done!
That is all there is to it. Whenever that lending wallet hits at least $10, I simply reinvest it and that teeny tiny little bit is what eventually turns into a whole ton of $$$ down the road! If you are interested in seeing what compounding interest can really do in action simply follow me as I will continue to document my compounding mission to a million right here on Steemit!
The Daily
This Weeks Interest Rates
With a blockbuster week averaging an astonishing 1.21% it was only a matter of time before a corrective day was to be on the horizon. That day seems to be here. Over the previous 30 days, an average of .94% daily return realized was remarkably higher in comparison to the previous 6 month's average of .84%. Keep in mind that when I began this project the averages were only .80% which was still more than enough to catch my attention. Regardless of a slow and low day on the horizon, I expect things will bounce back quick enough.
BCC Weekly Exchange
If Interested in Learning More Check Out My Site JHillz.com
Lending Wallet
Totals - Day 20
Total Fiat Invested = $0.00
Initial Steem Investment = $130.00
Total Referrals = 1 ($9.10)
Total Reinvested = $40.00
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