Sirwin
Sirwin
Savings_PIGGY BANK

CRAZY IDEA FOR INVESTMENTS: saving the coins

By Tarcam76 | BRAZIL_Investments | 30 Jun 2020


Hi. Just a thought and sharing with you...

 

Premises:

- many people use with children the method "saving coins on piggy banks" to teach how important is to save money for the future...

- some companies (I found one in Brazil) that automatize the process to use your change (just rounding up the bill) and donating it for some proposal... it can be a cancer institute or a foundation that protect the turtles... it doesn´t matter for this post if you are altruistic  or not... the idea is the method used...

- many people have difficulties to save money every month with a method...

 

Method:

- when you pay the bill, you could decide round up the amount and save these "metal coins" (just joking, cause you are probably using a credit card) as crytpo coins!

- these crypto coins will be saved, automatically, on your crypto wallet

- you could decide wich altcoins to "invest"

 

How much:

- a family using credit card for everything (gas station, pharmacy, sandwiches, happy hours...) would expand US$5.000 for year, wouldn´t it?

- US$5.000, let´s say for 500 different US$10 payment operations - or should we suppose U$9,90 in fact? :) We know the psychological marketing method, and all prices are finished by "US$x,99" and not "US$x.00"

- US$0,10 x 500 operations = US$50

- U$50/year in 10 years = US$500

- supposing 100% of appreciation of your altcoin each year - not an absurd - we could have = US$102,350.00

 

Plotting:

savings_2

 

savings_1

 

Using https://www.calculator.net/

 

Conclusion:

- with US$500, US$50 by year, we could save "in the pig" something like US$100k.

- or at least, teach our children Economy and save ZERO :)

- but just using "coins", someones dropped on streets or forgotten under the sofa

 

Be safe.

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Tarcam76
Tarcam76

Sharing experiences; Crypto fan.


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