I appreciate @OP for his thinking that he wants to invest some part of his salary into bitcoin and you can easily stack the lowest unit of bitcoin which is satoshi but a little suggestion is to save your $1 and make some monthly investment and you would have $30/month and you can follow the DCA method for it to invest it for long term.
You will probably have something with you in future even if you start slow contrary to those who think investing in btc is hard but you can surely do it keeping your goals high but with proper fund management plan so that fees won't affect your investment a lot.
Topic: 1$ per day crypto investment plan any good ? - page 10. (Read 1949 times)
Actually many people are doing this kind of thing and it is good but the problem is with the transaction fee if you encounter that the market is congested there's a chance that your investment of one dollar is cannot proceed immediately because the miners will choose the higher transaction fees. Still ideal for me is holding those assets and wait for the market dip opportunity to make a buy still as long as you can buy a satoshi or other coin as investment it is a good thing to hold
It will be good if we use the money as free money. However, the amount of the investment, if we are using free money, will be very worthy. although we don't need to buy crypto every day, we can collect $1 per day and make a purchase after 1 week or more. So, that we can check the market and buy the coins at the right time. Additionally, by collecting the amount to be higher, we can also minimize the trading fees that are always needed in the exchanges.
Never other with the amount of the investment, as long as we can start to invest reglarly, this will really work
Never other with the amount of the investment, as long as we can start to invest reglarly, this will really work
For higher ROI don't take the bet on BTC only, yes it's the safest option bit for better gains you need altcoins as well, even Ethereum would do just fine, now that Pos and the better gas fee are around the corner Ethereum will perform very well from now on.
The same altcoins that may get you rekt? Altcoins may be promising but I don't think they are safe when the market is crashing, they can give you huge ROI but can also take all that you have invested.
If you can afford 1$ a day it is not a bad idea, but personally, I will wait every weekend and sum them up together and then buy bitcoin weekly, I don't think there is any platform right now where you can buy Bitcoin as low as 1$ right now, you may even struggle to send it to your own personal wallet due to fees and doing daily buy may accumulate plenty of taxes on every transaction you do, you will have to buy from fiat every single time with each of it taxed.
For higher ROI don't take the bet on BTC only, yes it's the safest option bit for better gains you need altcoins as well, even Ethereum would do just fine, now that Pos and the better gas fee are around the corner Ethereum will perform very well from now on.
I would put $1 a day in Cryptocurrencies, but I would not actually invest daily but rather make a weekly, monthly or quarterly purchase instead. That is due to probably insane transactional taxes that would leave you with probably less than 75% of the actual investment.
My opinion is, you should not look at Bitcoin as some investment just for the wealthy people. Imagine some people bought 1 Bitcoin with just $1 a decade ago. Think about it. Unknowingly, you might be purchasing $1 worth of Bitcoin that could actually become worth hundreds of bucks years from now.
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Regards,
PrivacyG
My opinion is, you should not look at Bitcoin as some investment just for the wealthy people. Imagine some people bought 1 Bitcoin with just $1 a decade ago. Think about it. Unknowingly, you might be purchasing $1 worth of Bitcoin that could actually become worth hundreds of bucks years from now.
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Regards,
PrivacyG
Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?
Any size of investment in bitcoin deserves attention, so your $30 per month may eventually turn into a larger figure. You can also invest in another cryptocurrency that will help you increase your balance many times more, but you should understand that the risk of such investments losing your money will be much higher than investing in bitcoin.
Considering the fact that, these transactions ar usually charged with a fee and it doenst matter the amount involved, $1 per seems a lot small although, its justifiable as it is 10% of your daily income and that stands a worth a while investment amount and spare money but, you might want to device another means to beat the charges associated with making this transactions.
I see a lot of advantage in making it a weekly or even monthly investment plan. Perhaps you have some place or some reliable someone that could help hold the said amount daily until your ready to invest in your determined periodic interval
Although, you've got to be disciplined to go with this but, your goal should be the motivation to keep you in line. Which ever is easy for you, that's what you should do but ensure you pick an option that beats the fees.
I see a lot of advantage in making it a weekly or even monthly investment plan. Perhaps you have some place or some reliable someone that could help hold the said amount daily until your ready to invest in your determined periodic interval
Although, you've got to be disciplined to go with this but, your goal should be the motivation to keep you in line. Which ever is easy for you, that's what you should do but ensure you pick an option that beats the fees.
When it comes to BTC no amount is too small, years ago when we still have few BTC faucets around I claimed too many SATs at that time and I sold but the value that my old wallet is showing me right now is over 2000$+ and that's even right now not when BTC was 67k, its not too late.
1$ invest on BTC at its peak years ago worth millions today, you are on the right part, by 2025 crypto would have worth 5 Trillion so get ready for a better future that most aren't seeing right now, be strong and don't let anyone tell you otherwise.
Bitcoin ATH at $69K while now the price only around $24K, this mean if you're start accumulating Bitcoin from the peak until now, you're had unrealized loss lol, not worth millions. I wouldn't call it impossible, but it's high unlikely crypto global market cap will reach $5 Trillion because after 13 years, the global market cap currently only $1.16 Trillion, maybe it would reach $2-$2.5 Trillion. Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?
1$ invest on BTC at its peak years ago worth millions today, you are on the right part, by 2025 crypto would have worth 5 Trillion so get ready for a better future that most aren't seeing right now, be strong and don't let anyone tell you otherwise. Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?
How do you implement what you have planned? Every day you buy BTC for the amount of 1$? This is almost impossible to implement because no one will sell such a small amount. The option, with saving 1$ with a subsequent purchase, for example, once a month already looks better.
Here the question arises, where to store these savings in BTC. If you send it to your wallet every time, it turns out to be expensive, taking into account transaction fees. If you store it on the exchange, then it is also a bad option, but sooner or later you will have to withdraw your funds from here and the commission for withdrawal is even higher.
Even a cent per day on BTC will become big someday because BTC add value most times and it's slowly growing bigger, some day even satoshis will have big values as well, I recommend gathering BTC bit by bit for long term you won't regret it.
Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?
How do you implement what you have planned? Every day you buy BTC for the amount of 1$? This is almost impossible to implement because no one will sell such a small amount. The option, with saving 1$ with a subsequent purchase, for example, once a month already looks better.
Here the question arises, where to store these savings in BTC. If you send it to your wallet every time, it turns out to be expensive, taking into account transaction fees. If you store it on the exchange, then it is also a bad option, but sooner or later you will have to withdraw your funds from here and the commission for withdrawal is even higher.
10% deducted from your profit is fine, save that money from 1 week to 1 month, monitor the market, and when you see a reasonable buy point buy and invest sensibly. Good luck 
Your efforts will be repaid if you hold your assets, 1$ per day is 365$ in a year for me this is really small but it's still better than not investing a penny, the highest I can invest on a alt is 100$ and more on BTC, if any good opportunity comes make sure you grab few altcoins as well like Matic, polkadot, Solana, Terra.
[quote author=Maliceprime link=
Is 1$ investment in crypto every day enough?
Actually, there is no small amount when it comes to investment, but however while making an investment, there are several factors that needs to be considered which could make an investment either a success or failure. Which include:
No 1: Timeframe: Because how long do you intend to continue saving this $1 per day. Is it for 1month?, 6months?, 1year?, 2years? Or 10years? Because the more the timeframe, the more profit it will accumulate.
No2: Consistency: Because can you be consistent to carryout this your plan for the designated timeframe, or you will get at some point and start getting fed up.
No3: Discipline: Because can you be so discipline enough to not panic when the price of the coin pump so high that you may think that OMG 🙉, finally, I have arrived, or remain consistent to your plan.
Actually, for this question, it depends on how long you intend to go on with this your $1 per day savings budget, but moreover, there are still other good coins out there like Tron, Ripple and Pokadote which got some potentials.
Is 1$ investment in crypto every day enough?
Actually, there is no small amount when it comes to investment, but however while making an investment, there are several factors that needs to be considered which could make an investment either a success or failure. Which include:
No 1: Timeframe: Because how long do you intend to continue saving this $1 per day. Is it for 1month?, 6months?, 1year?, 2years? Or 10years? Because the more the timeframe, the more profit it will accumulate.
No2: Consistency: Because can you be consistent to carryout this your plan for the designated timeframe, or you will get at some point and start getting fed up.
No3: Discipline: Because can you be so discipline enough to not panic when the price of the coin pump so high that you may think that OMG 🙉, finally, I have arrived, or remain consistent to your plan.
Quote
also is BTC the best option with this 1$ per day?
Actually, for this question, it depends on how long you intend to go on with this your $1 per day savings budget, but moreover, there are still other good coins out there like Tron, Ripple and Pokadote which got some potentials.
If he keeps that $1 a day, he actually needs more years to have a good return.
And I believe this sayings "more capital, more profit", that is why I encourage the OP to increase it and if possible he can make $5 a day, that was really satisfying enough.
And I believe this sayings "more capital, more profit", that is why I encourage the OP to increase it and if possible he can make $5 a day, that was really satisfying enough.
It seems unlikely that that could be a possibility for the OP since he mentioned that his income is about $10 daily. I think he should try to bring more money to the table as his first priority. That way, he may be able to afford to invest more as he grows and be able to sustain his lifestyle.
However, we don't have to push ourselves then if that $1 is the only money we could take to risk, as I don't like sacrificing our need just for this seek coz it wasn't a healthy idea nymore.
I agree with you though, I think the amount of the investment should not be so much that we can't sustain the risk. We have to choose carefully with our risk tolerance and investment goals.
How do you plan to do this because 1$ per day is 30$ per month you can't be using 1$ per day to buy coins without gas fee, it's best to gather the 1$ up to 20 to be able to send your into your wallet maybe days later.
Still a good way to start a crypto journey, as little as one dollar is it can make a fortune If stored into bitcoin everyday for long term, it's possible only if you believe it's possible I wish the best and I hope you will come back here and drop good news about this later.
If he keeps that $1 a day, he actually needs more years to have a good return. And I believe this sayings "more capital, more profit", that is why I encourage the OP to increase it and if possible he can make $5 a day, that was really satisfying enough. However, we don't have to push ourselves then if that $1 is the only money we could take to risk, as I don't like sacrificing our need just for this seek coz it wasn't a healthy idea nymore.
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