Investing with $1 per day is not easy because it requires consistency always to use $1 to buy the same coin for a certain time. It must be tough, but I'm sure you can do it if you really have a strong will.
I think it is quite difficult for the choice of coins because you use very limited funds to invest. But that doesn't mean you can't because you can still choose coins that you can make as your investment.
You can choose bitcoin and start investing $1 per day, and don't stop until you reach your desired timeframe. I have a suggestion for you. Maybe you can invest once a week where you can collect $ 1, and if it is calculated in a week, that means you can collect around $ 6-$ 7 and that you can use to invest. So you will invest every week and not every day, which will not be too difficult for you. What may seem difficult is setting aside $1 per day to collect for a week and then using it to invest.
Topic: 1$ per day crypto investment plan any good ? - page 11. (Read 1962 times)
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?
This might have worked in the past and I can see some threads as recommendation but I don't know why no one is talking about how you intend to buy 1$ worth of Bitcoin today especially now that bitcoin price is high. Do you intend to use an exchange or buy from p2p, either of the two will be possible as most exchanges will require you to buy at least $10 worth of Bitcoin and p2p has their terms and conditions for trades.
My little advice, save up the dollar bills and buy at every sum of $10 or $20, keep doing that until you reach your desire quantity.
Is 1$ 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$/day, so that amounts to around $365/year on investment on cryptocurrencies. I guess that the returns would be relatively profitable on your end especially that the value of cryptocurrencies are inflationary by nature. Though you have to clarify in which "cryptocurrency" you are referring to. If you mean by investing 1$/day in BTC, then you are at least HODLing for long-term which would be considered profitable on your end.
If you aim on diversifying your portfolio by investing into other cryptocurrencies, then you may also profit but this also depends on which altcoin you are focusing on.
Yah choosing the right altcoin and investing such amount, might bring more profits than getting profits from Bitcoin by investing the same amount in it. But yes its much safe enough to the new ones to invest in bitcoin. Long term investment would certainly bring more profits so better to go for it. Always a small investment would one day be piled up more and can easily see a profit.
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$/day, so that amounts to around $365/year on investment on cryptocurrencies. I guess that the returns would be relatively profitable on your end especially that the value of cryptocurrencies are inflationary by nature. Though you have to clarify in which "cryptocurrency" you are referring to. If you mean by investing 1$/day in BTC, then you are at least HODLing for long-term which would be considered profitable on your end.
If you aim on diversifying your portfolio by investing into other cryptocurrencies, then you may also profit but this also depends on which altcoin you are focusing on.
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?
Why daily?Is there any reason why you've designed your investment package to take a daily pattern?
Yeah, you earn $10 a day fron what is contained in OP but still, that doesn't mean you can't design a package that could be weekly based. It's your design for sure and you should stick with what is archiveable although, I was hoping it should assume a weekly design to minimise the charges that might follow in cause of your transacting. Its still going to be $1 but multipled by x7 or your number of working days.
As much as a $ might seem small tooat persons, i try not to see it that way so long as, your piling up some Sats.
Is 1$ investment in crypto every day enough?
You can use bitcoin dollar cost averaging to https://dcabtc.com/ and see yourself whether it's profitable for you or not. I haven't tried DCA but in theory it looks a perfect thing. All you need is consistency to follow this technique i.e. investing a certain amount per day.
DCA works best if you accumulate btc for longer period of time , it's not suited for short duration. Check the above calculator.
The $1 per day allocated to investing in crypto might sound easy to most people as this kind of investment strategy will probably be favored by those who can be consistent with their investments. I've heard success stories about this strategy although there are actually many other strategies that you should consider.
But what about $30 per month, does that sound any more difficult than making a daily $1 purchase?
But what about $30 per month, does that sound any more difficult than making a daily $1 purchase?
Is 1$ 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?
Someone have made emphasises, using 1$ as illustration and via in his summary their was results of accumulation of generated profit per annual with 1$ investment in cryptocurrency and especially bitcoin, so with this analysis made by people i think it's of your hands to make proper decision of financial investment rate, using any rate for investment, because i know vividly that we do encourage to invest what you can afford and what you can lost. 
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 is not a big amount but if accumulated it will grow by hundred folds as long as you are comfortable with what you are allocating you will be fine and that's the best idea, and Yes BVitcoin is the best coin to invest with your $1 but you need to understand the volatility of the market you cannot be sure that it will increase tomorrow or go down, you have to understand volatility, it's better to pick other coins in the market that have proven their potentials like Sol, BNB and Eth, it's good to have many coins in your portfolio.
Obviously, man. I think I should have thanked you for this great thought. However, I believe I will try to invest in some fresh alt-coins with strong aims that might be the best for investing. Thanks
Do you have potential altcoin in your mind that will give you guaranteed returns in long run or even short period if you are able to cash out them on any exchanges? Assuming you are total newbie to the market be aware about the scam projects tending to be the best you can get but will loose your funds so stay away from them.For example some top altcoins like ETH but could you afford the gas at this time ? The history has proofs of top 10 coins on CMC have changed btc being the exception of being on top always.That's why have suggested you to invest in them by consolidating your inputs into one large transaction and go with it only.
But still your funds your choice and you can explore the market because there are more than 18k cryptocurrencies in market to choose from but now many have you heard of? So make some wise decisions.
Obviously, man. I think I should have thanked you for this great thought. However, I believe I will try to invest in some fresh alt-coins with strong aims that might be the best for investing. Thanks
Is 1$ 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?
The wisest thing for investment is to" Invest the amount that you can afford".Although how much they will be, it doesn't matter as long as you can set aside that money for your investment, and they are free money. It is better to invest only $1 per day than forced to invest much money but you are using the money for your daily needs or forcing yourself to invest much money And I also know that 1$ in your country may be very worthy so that the amount doesn't matter, moreover if you can make or d it consistently. However, if you are going to invest $1 per day, maybe you can collect them at first daily and then buy the coin once a week or month in order to fulfill the minimum requirement of trading or even saving the transaction fees. Good luck
If you really don't need that one dollar/day then investing it in cryptocurrencies seems to be the best and wisest thing to do.
But as other members pointed out above, since the amount you are planning to invest is a bit small, it would be better to buy cryptos on a monthly basis rather than a daily basis to save on fees.
You should also know that investing in cryptocurrencies is no longer as profitable as it used to be in the early days. So don't expect a huge profit in a short period of time especially if you are going to invest only on the major coins (btc, eth...)
But as other members pointed out above, since the amount you are planning to invest is a bit small, it would be better to buy cryptos on a monthly basis rather than a daily basis to save on fees.
You should also know that investing in cryptocurrencies is no longer as profitable as it used to be in the early days. So don't expect a huge profit in a short period of time especially if you are going to invest only on the major coins (btc, eth...)
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Is 1$ 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?
If we're to judge by the future beneficial and betterment presented by Bitcoin. The 1$ per day investment plan in BTC is good because the level of the institutional and celebrities enthusiasm in BTC is increasing every day. Besides, the "BTC addresses holding about 1-10 BTC were said to have been increasing over the past month."I am sure when you start the $1 investment in BTC you'll increase it at some point.
So it's up to someone on how they would bend their investment like instead of investing 1$ per day why don't they invest 7$ per week or something like that in a month.
Meanwhile, she didn't have to invest the $1 every day but she can save the money into a piggy bank till when the money is enough to make a single transaction.
It's not a good idea to buy $1 of bitcoin everyday for several reasons, first is that you will have to pay fees for every transaction you make.
Much better option is to invest weekly, monthly or from your every paychek with dollar cost averaging system (you can repalce dollar with euro, yen, pound, etc).
I agreed. A day transaction would only go to fees, however thr advantage of a daily basis could take advantage the possible lowest price daily. If he can resort on weekly or monthly maybe he could missed a very low price. It have pros and cons, but hope there are exchange can accomodate this with super little or no fee at all. Much better option is to invest weekly, monthly or from your every paychek with dollar cost averaging system (you can repalce dollar with euro, yen, pound, etc).
Is 1$ 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?
Investing $1 in crypto every day will be enough for you, but it depends on the coins you want to invest in.But you have to focus on saving $1 every day and not miss anything because if you miss even one day, you have to add the investment amount to two parts.
Maybe investing in BTC could be the best option.
I hope your investment plan goes well and don't forget to set how long you should invest in bitcoins.
Is 1$ investment in crypto every day enough?
If you are consistent and can be dedicated, a 1$ daily investment plan is enough to help you build and develop the habit of not spending all your income and also allocating some to investment. A 1$ daily investment is good to start with considering your current income but not okay to stick with considering current rates of inflation and how not so substantial your investment will be if you stick to 1$ in a few years time. So as you work to earn more, plan to increase your investment as well.Also for you 1$ daily investment in crypto not to be a waste, you can stack your 1$ up daily maybe in a piggy bank and invest in crypto once in a month with the total of your daily savings.
It's better to invest weekly to cut down the sending fee to your custodial wallet every day, 1 dollar every day is 7 dollars per week which still makes sense.
Finally, minimize transactions. You don't have to buy every after few days or weekly. You can do the buying every couple of months or even more.
Are you going to literally buy 1$ worth of Bitcoin on a daily basis? Don't you have to pay more fees this way (fees and stuff) which makes this method unprofitable.
$1 per day? I suggest for you to keep that $1 until it reaches $100.
Etc.
Regarding what you say, I suspect the OP is buying Bitcoin, or rather a Bitcoin derivative product like Paypal, Revolut, etc. That way it doesn't matter what the inputs are. If he pays 1% he doesn't care if he pays 1% of $1 30 times than 1 time a month 1% of $30.
Let's see if he comes back here and clarify doubts, although I'm afraid this is going to be another case in which the OP asks a question and then does not come back to comment on the thread.
If that's what you can afford, that's good enough. But for sure you won't settle with that $10 income per day for long. You will probably find more ways to earn.
Other people might suggest you alternatives to Bitcoin, but I think Bitcoin is good enough. But you will have to set it up for a longer term. At the very least, consider it as savings. Saving in Bitcoin is a lot better than saving in fiat.
Finally, minimize transactions. You don't have to buy every after few days or weekly. You can do the buying every couple of months or even more.
Other people might suggest you alternatives to Bitcoin, but I think Bitcoin is good enough. But you will have to set it up for a longer term. At the very least, consider it as savings. Saving in Bitcoin is a lot better than saving in fiat.
Finally, minimize transactions. You don't have to buy every after few days or weekly. You can do the buying every couple of months or even more.
Is 1$ 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?
If we're to judge by the future beneficial and betterment presented by Bitcoin. The 1$ per day investment plan in BTC is good because the level of the institutional and celebrities enthusiasm in BTC is increasing every day. Besides, the "BTC addresses holding about 1-10 BTC were said to have been increasing over the past month."I am sure when you start the $1 investment in BTC you'll increase it at some point.
So it's up to someone on how they would bend their investment like instead of investing 1$ per day why don't they invest 7$ per week or something like that in a month.
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