Bitshares Focus Post | Investment Language 101 Series: TERM OF THE DAY: -- What Is: ' Rule Of 70 ' | E.56 | Trading Candle Cheat Sheet Incl. Each Episode.steemCreated with Sketch.

in #eos6 years ago (edited)


A series designed to help all the new people flooding into & entering Crypto/Investments daily who get thrown into the rabbit hole so to speak and everything is new to them.


Bitshares 101 Focus/Resources Section for New Crypto Folks now included near the end of each post - starting just prior to Christmas 2017. BTS is a Decentralized Exchange and much more. Very undervalued!


It is a TLDR / Short Form Series, covering ONLY one thing each episode in blue collar, easy to understand language to give a SHORT OVERVIEW of the term or lesson of the day.

It is specifically designed this way to keep it short and simple.

People can then search out extra info if they wish.

I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.


TERM OF THE DAY:


What is....

' Rule Of 70 ' ?

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The rule of 70 is a way to estimate the number of years it takes for a certain variable to double. To estimate the number of years for a variable to double, take the number 70 and divide it by the growth rate of the variable. This rule is commonly used with an annual compound interest rate to quickly determine how long it takes to double your money.

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Breaking Down...

' Rule Of 70 ' :

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Another useful application of the rule of 70 is in the area of estimating how long it would take a country's real GDP to double. Similar to calculating compound interest rates, a person can use the GDP growth rate in the divisor of the rule. For example, if the growth rate of China is 10%, the rule of 70 predicts it would take seven years, or 70/10, for China's real GDP to double.

The rule of 70 is accepted as a way to manage exponential growth concepts without complex mathematical procedures. Also referred to as doubling time, it is most often related to items in the financial sector in instances when examining the potential growth rate of an investment. By dividing the number 70 by the expected rate of growth, or return in financial transactions, an estimate in years can be produced.

While it is not a precise estimate, the rule of 70 formula does help provide guidance when dealing with issues of compounding interest and exponential growth. This can be applied to any instrument where steady growth is expected over the long term, such as with population growth over time, but it is not well applied in instances where growth rate is anticipated to vary dramatically.

-- Rules of 72 and 69:

In some instances, the rule of 72 or the rule of 69 is used. The function is the same as the rule of 70 but uses the number 72 or 69, respectively, in place of 70 in the calculations. While the rule of 69 is often considered more accurate when addressing continuously compounding processes, 72 may be more accurate for less frequent compounding intervals. Often, the rule of 70 is used simply because it may be easier to remember.

-- Rule of 70 vs. Real Growth:

The population of the United States was estimated at 161 million in 1953, approximately doubling to 321 million in 2015. In 1953, the growth rate was listed as 1.66%. By the rule of 70, the population would have doubled by 1995. Changes to the growth rate lowered the average rate, making the rule of 70 calculation inaccurate.



Your Friend in Liberty, Barry.



Trading Candle Cheat Sheet:

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Further Reading/Source/Resources

Friend of the People -- Enemy of the State.

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I am leaving these images I made here until I figure out one that fits properly and looks right for the first/main image for the post/series.

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Since Steemit dev's changed the size of the picture frame that shows, it has honestly been a real problem getting images to match the screen, it was perfectly fine months ago before they messed around with it.

SMH.


Bitshares 101 Focus/Resources Section:

for New Crypto Folks.

https://bitshares.org/

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-- Bitshares is a Trading platform, and a LOT more.... designed by blockchain wizard here Dan Larimer - @dan / @dantheman.

I've blogged on him, and BTS many many times.

It's a place you can use that is decentralized, with an active community, to use trading lessons like this, that we are learning together.

Just a few of my past $BTS blogs....

to help you apply lessons today!

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https://steemit.com/bitshares/@barrydutton/crypto-101-series-stan-larimer-the-godfather-of-bitshares-and-father-of-blockchain-liberty-genius-dan-larimer-interview-recently

https://steemit.com/bitshares/@barrydutton/will-blockchain-guru-dan-larimer-be-called-in-to-save-ethereum-as-crypto-kitties-grinds-eth-chain-to-a-halt-the-irony

https://steemit.com/cryptocurrency/@barrydutton/dan-larimer-video-interview-on-epicenter-recently-this-is-a-must-watch-listen-an-in-depth-look-chat-about-his-past-crypto-life

https://steemit.com/steemit/@barrydutton/dan-larimer-community-musical-tribute-post-a-music-video-to-say-thanks-and-best-wishes-to-our-steemit-co-founder

https://steemkr.com/bitshares/@barrydutton/so-tether-project-was-hacked-another-use-case-for-bitshares-and-dan-larimer-blockchain-genius-which-remains-undervalued-and


Thanks for reading, have a nice day.


PixaBay has tons of free pictures for us all to use!!!
Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/







If you liked this blog post - please Resteem it and share good content with others!

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Some of my recent blogs:

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https://steemit.com/curation/@barrydutton/cryptocurrency-on-hodl-what-are-you-hodl-g-or-sodl-g-today-10-or-origin-of-hodl-always-included-for-newer-crypto-folks

https://steemit.com/steemitcampfire/@barrydutton/steemit-weekend-camp-fire-series-weekend-35-we-are-steemit-family-come-visit-around-the-fire-with-your-family-every-weekend

https://steemit.com/life/@barrydutton/quote-of-the-day-a-day-without-laughter-is-a-day-wasted-or-we-never-know-who-may-need-this-today-or-the-replies-in-this-post-too

https://steemit.com/steemit/@barrydutton/steemit-needs-series-34-pls-comment-with-your-ideas-to-improve-steemit-or-1-5-2017-or-community-engagement-or-archives-to-help

https://steemit.com/steemit/@barrydutton/facebook-wallet-fridays-show-me-yours-or-e-29-or-that-s-right-think-on-that-a-new-series-for-outreach-and-to-give-fb-the

https://steemit.com/bitcoin/@barrydutton/live-now-crypto-101-video-90-mins-wcn-the-world-crypto-network-the-bitcoin-group-170-bitcoin-usd16-000-ripple-s-rise-visa

https://steemit.com/eos/@barrydutton/crypto-101-market-update-welcome-to-fud-fridays-again-or-updated-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic

https://steemit.com/steemitcampfire/@barrydutton/steemitcampfire-series-weekend-35-is-tonight-just-a-reminder-and-runs-all-weekend-again-starts-in-a-few-hours-consider

https://steemit.com/money/@barrydutton/investment-language-101-series-term-of-the-day-what-is-risk-premium-or-e-55-or-trading-candle-cheat-sheet-incl-each-episode

https://steemit.com/freedom/@barrydutton/when-informed-canadians-on-their-fraudulent-monetary-policy-want-a-snack-and-a-good-read-on-how-to-rid-the-country-of-central

Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay. Today:


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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.

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everyone should learn to trade because it makes them independent

Thanks for this post. Always waiting for your post.

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Useful and informative post thank you dear friend @barrydutton

resteem done !! thanks for helpfull information

Good information

Thanks for sharing. I never knew what the rule of 70 was before now.

Very helpful !

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