1$ per day crypto investment plan any good ? - page 2.

Inwestour

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Quote from: Aliem Nur on May 31, 2023, 11:01:45 AM

if you earn $ 10 per day obviously that's a good thing because you can get $ 300 every month,
and in my opinion it's better if you use $ 300 to invest in each altcoin and then hold it until 2025,
I'm sure you can get multiple results if you do.

$300 is the amount that the OP will earn in a month, but he also needs to pay for his needs, which means that at the end he will not have much money left to invest.

And the advice to buy altcoins looks very doubtful. Do you know how many altcoins there are, which of them should be bought first? Obviously, some of the altcoins will not even survive until 2025, some will turn out to be a scam, this happens all the time. For an inexperienced person, Bitcoin remains the best option, but for a good result, you need to increase the amount of investment, because $ 30 per month is very little.

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Quote from: Aliem Nur on May 31, 2023, 11:01:45 AM

if you earn $ 10 per day obviously that's a good thing because you can get $ 300 every month,
and in my opinion it's better if you use $ 300 to invest in each altcoin and then hold it until 2025,
I'm sure you can get multiple results if you do.

It's easy to say and calculate how much profit one will get. But in reality all of that will be hindered by some conditions that we don't want. Like a sudden market crash and too early buying. although only $ 10 is not easy to consistently earn $ 10 every day. The market is constantly changing and you have to know what to do. If you become a trader, you really have to know how to read technical and fundamental crypto market conditions.

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Quote from: SaveOurSea on May 31, 2023, 04:52:44 AM

Quote from: xSkylarx on May 30, 2023, 08:43:32 PM

Quote from: judaspriest on May 30, 2023, 10:18:08 AM

Quote from: terencio on May 29, 2023, 11:53:22 AM

Investing $1 in crypto every day is better than not investing at all, but it may not be enough to achieve your financial goals. It depends on how much you want to earn and how long you are willing to wait. One strategy that can help you reduce the risk of market volatility and average out your buy-in cost is dollar-cost averaging (DCA).

if you count $ 1 per day then you can earn $ 30 to $ 31 a month of course this is very small capital if you want to invest in crypto currency,
but it's up to you I can only recommend investing a minimum of $ 300 because you can get good results if you buy potential altcoins and hold until bullish time arrives.

$300 is useless if it not comes from your heart, if you are just forced to invest that amount then meaning of that is that you cant afford to lose it. In investing it doesn't matter how big or small your investment is as long as that is only you can afford and also that $1 is only what he can afford so we cant forced everyone. I would say that it is not big but still it will accumulate overtime and still it will be getting bigger and for sure OP will realize sooner that it isn't enough if he is expecting some bigger profit out of it

Trading does not have a minimum, it all depends on the ability of the trader himself,
if a trader can only trade with $ 1 per day then go ahead, but indeed the profit we will get is also proportional to our capital.

And something that you should really be that realistic when it comes to your goals and targets on which it would really be basing up on the amount on where you are starting or accumulating. Be realistic and able to reach out those goals on gradual manner. Dont make yourself that impatient when it comes to things on which it wouldnt really be that something simple to be done or be controlled but if you are really that wary about your actions and you are really that serious on acquiring those things then it would really be up to your choice. $1 accumulation on day to day basis wouldnt really be that bad.
Its true that each person does have different capacity when it comes to financial matter.

The key on here is that you should only invest on the amount which you can afford to lose.If you could only allocate a buck a day then its your choice but of course dont expect for something big in return
because it wouldnt really be still that significant even if the market would really be shooting up.It would really be your choice when it comes to this one.

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Quote from: Maliceprime on March 17, 2022, 03:57:26 AM

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 you earn $ 10 per day obviously that's a good thing because you can get $ 300 every month,
and in my opinion it's better if you use $ 300 to invest in each altcoin and then hold it until 2025,
I'm sure you can get multiple results if you do.

348Judah

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Investing $1 per day is a good investment plan under DCA which can ensure that you cut lost over time, it is also very important that if the opportunity to invest more than that occurs within a day when the market go bearish it's not a bad idea to invest higher, but using DCA has been one of the best means to posses or buy bitcoin over time as long as you have the intention to hold the coins for a while before selling.

SaveOurSea

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Quote from: xSkylarx on May 30, 2023, 08:43:32 PM

Quote from: judaspriest on May 30, 2023, 10:18:08 AM

Quote from: terencio on May 29, 2023, 11:53:22 AM

Investing $1 in crypto every day is better than not investing at all, but it may not be enough to achieve your financial goals. It depends on how much you want to earn and how long you are willing to wait. One strategy that can help you reduce the risk of market volatility and average out your buy-in cost is dollar-cost averaging (DCA).

if you count $ 1 per day then you can earn $ 30 to $ 31 a month of course this is very small capital if you want to invest in crypto currency,
but it's up to you I can only recommend investing a minimum of $ 300 because you can get good results if you buy potential altcoins and hold until bullish time arrives.

$300 is useless if it not comes from your heart, if you are just forced to invest that amount then meaning of that is that you cant afford to lose it. In investing it doesn't matter how big or small your investment is as long as that is only you can afford and also that $1 is only what he can afford so we cant forced everyone. I would say that it is not big but still it will accumulate overtime and still it will be getting bigger and for sure OP will realize sooner that it isn't enough if he is expecting some bigger profit out of it

Trading does not have a minimum, it all depends on the ability of the trader himself,
if a trader can only trade with $ 1 per day then go ahead, but indeed the profit we will get is also proportional to our capital.

bakasabo

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Someone who think that investing a dollar a day is a good investing plan, could you please explain how today, in almost June 2023, you are going to do that. Everything nowadays has become so expensive, compared to topic creation date, that I dont think that from investing a dollar, the investor would get anything at all. I mean when was the last time you have checked trading and deposit fees? They are not zero. That invested dollar by the end of fiat>crypto chain will turn into cents. Cents can be turned into something valuable only with a huge luck, that not everyone has.

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Quote from: judaspriest on May 30, 2023, 10:18:08 AM

Quote from: terencio on May 29, 2023, 11:53:22 AM

Investing $1 in crypto every day is better than not investing at all, but it may not be enough to achieve your financial goals. It depends on how much you want to earn and how long you are willing to wait. One strategy that can help you reduce the risk of market volatility and average out your buy-in cost is dollar-cost averaging (DCA).

if you count $ 1 per day then you can earn $ 30 to $ 31 a month of course this is very small capital if you want to invest in crypto currency,
but it's up to you I can only recommend investing a minimum of $ 300 because you can get good results if you buy potential altcoins and hold until bullish time arrives.

$1 per day and $365 per year for the investment, which is not a bad number to invest in crypto. For someone with limited capital like OP, he probably won't be willing to take big risks, so I don't think investing in altcoins is good advice for him. Instead of saving with a piggy bank, he can save that money in bitcoin, which is both profitable and safer than altcoins. With that amount of money, the profit he makes will not be too big compared to other big investors, but it is a significant return compared to the initial capital he invested. Don't just look at the profit others achieve without looking at the risk they take, the bigger the investment, the higher the risk.

xSkylarx

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Quote from: judaspriest on May 30, 2023, 10:18:08 AM

Quote from: terencio on May 29, 2023, 11:53:22 AM

Investing $1 in crypto every day is better than not investing at all, but it may not be enough to achieve your financial goals. It depends on how much you want to earn and how long you are willing to wait. One strategy that can help you reduce the risk of market volatility and average out your buy-in cost is dollar-cost averaging (DCA).

if you count $ 1 per day then you can earn $ 30 to $ 31 a month of course this is very small capital if you want to invest in crypto currency,
but it's up to you I can only recommend investing a minimum of $ 300 because you can get good results if you buy potential altcoins and hold until bullish time arrives.

$300 is useless if it not comes from your heart, if you are just forced to invest that amount then meaning of that is that you cant afford to lose it. In investing it doesn't matter how big or small your investment is as long as that is only you can afford and also that $1 is only what he can afford so we cant forced everyone. I would say that it is not big but still it will accumulate overtime and still it will be getting bigger and for sure OP will realize sooner that it isn't enough if he is expecting some bigger profit out of it

BitcoinTurk

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Quote from: Maliceprime on March 17, 2022, 03:57:26 AM

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?

It is a method where you can have a very good savings at the end of a year depending on the movements that will occur in the cryptocurrency markets, but there is also a possibility that the balance will be below 365 at the end of a year in USD based. For this reason, I think it is necessary to look at the question asked from a longer-term perspective. Especially considering the fact that you will not accumulate a fixed amount of Bitcoin every day due to variable price movements, each price decrease will actually have a positive effect in the long-term process.
In this context, it is an unavoidable fact that after a few years, the total amount of savings will be more than the amount of year x 365 in USD based. Because, throughout the history of Bitcoin, it never lose the value in long-term period.

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Quote from: judaspriest on May 30, 2023, 10:18:08 AM

Quote from: terencio on May 29, 2023, 11:53:22 AM

Investing $1 in crypto every day is better than not investing at all, but it may not be enough to achieve your financial goals. It depends on how much you want to earn and how long you are willing to wait. One strategy that can help you reduce the risk of market volatility and average out your buy-in cost is dollar-cost averaging (DCA).

if you count $ 1 per day then you can earn $ 30 to $ 31 a month of course this is very small capital if you want to invest in crypto currency,
but it's up to you I can only recommend investing a minimum of $ 300 because you can get good results if you buy potential altcoins and hold until bullish time arrives.

We know that not all people would really be having the money for them to have the opportunity for them to make such big investments on monthly basis which is something that we cant really blame them if thats only the amount that they could really be able to save up or invest. Just let them be and would really be the ones who would really be making out their decisions because they do already have the idea that it is really worth on investing it out. Sooner or later on the time that they would be able to find out more opportunity to earn then for sure they would really be making out adjustments too on how much they would really be putting up with their bitcoin or crypto investment. Its a matter of perseverance and seriousness on how to deal up with the market. There are really just that those moments or conditions on which we dont have no choice because it is really just that our capacity but doesnt mean that we wont really be having no progress or development if we arent that mindful on making things for the better.

MFahad

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Quote from: SOKO-DEKE on April 08, 2023, 12:44:52 PM

How sure are you that any altcoin will do 10-100x and who tell you that Bitcoin will not do 10x?nobody can tell will actually happen doing the bull run. Infact many of this altcoins price are determined by Bitcoin price, so to be a saver side I will say Bitcoin is the best option to invest in, in order to limit the risk of it investment.

True because there is no better option than bitcoin and altcoins are highly risky investment, no one knows that what will be the future of altcoins. There is no doubt that it will give you much more benefits but the risk is also very high so bitcoin cannot be beaten by any other coin and others Coin's price are also related with that of bitcoin so hopefully a person will get more benefit with investment in Bitcoin rather than altcoins.

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Quote from: terencio on May 29, 2023, 11:53:22 AM

Investing $1 in crypto every day is better than not investing at all, but it may not be enough to achieve your financial goals. It depends on how much you want to earn and how long you are willing to wait. One strategy that can help you reduce the risk of market volatility and average out your buy-in cost is dollar-cost averaging (DCA).

if you count $ 1 per day then you can earn $ 30 to $ 31 a month of course this is very small capital if you want to invest in crypto currency,
but it's up to you I can only recommend investing a minimum of $ 300 because you can get good results if you buy potential altcoins and hold until bullish time arrives.

terencio

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Investing $1 in crypto every day is better than not investing at all, but it may not be enough to achieve your financial goals. It depends on how much you want to earn and how long you are willing to wait. One strategy that can help you reduce the risk of market volatility and average out your buy-in cost is dollar-cost averaging (DCA).

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If OP consistently saves at least $1 for investment every day, then he currently has enough money to invest in crypto assets like ethereum, or bnb, or even bitcoin. that is if he has been consistent. if he increases his investment to $ 2 or more, then he has enough money now.
However, this can also be something we need to model. sometimes consistency like that will make us have great assets in the future. it's just that maintaining such consistency is very difficult.

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Quote from: MIner1448 on May 28, 2023, 05:06:18 PM

Investing $1 a day in crypto can be a challenge given the high volatility and fees associated with trading and holding crypto.

Yea, there is one way to do it. Since he said he earns $10 per day, he can possibly spear the $1 and put it into a safe, he can decide to buy the Bitcoin every week, which means he needs to save$1 each day for seven days and invest it, after which he continues again for another seven days. Perhaps if he doesn't want to do it that way, he can save $1 every day straight up for a month, and he can get about $30 at the end of the month. Then he can just use it to invest in Bitcoin before starting to save again. If he does it that way, it will reduce the transaction fee he needs to pay if he buys weekly.

MIner1448

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Investing $1 a day in crypto can be a challenge given the high volatility and fees associated with trading and holding crypto. Please note that I am not a financial advisor and the decision on how to allocate your investment should be made based on your situation and risk tolerance.
The value of bitcoin can fluctuate significantly, so investing just $1 a day can limit your potential capital growth. Also, for such a small investment, the fees associated with trading and holding cryptocurrencies can have a significant impact on your investment.

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Quote from: Blowon on May 14, 2023, 04:59:36 PM

No . it's too long, try to increase it. try to make it at least $10. if in a month then it makes at least $300 to invest and that's enough for us to start trading with profit taking at least 10% of what we trade. $10 is even something that exchanges put a minimal trade on in most markets.

I agree that 1$ a day is not ideal for investing Bitcoin, you're just wasting your time in that way. Some exchanges has minimum trading amount of USDT, so if you're only want to buy 1$ worth of Btc but the minimum is $10, you can't still buy it. It's good to collect $10 for 10 days before investing it since the OP can only afford $1 a day. But there's new feature in Binance, it's called "convert" where you can trade without a fee incase you don't know.

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Quote from: Maliceprime on March 17, 2022, 03:57:26 AM

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?

It is possible if you think you will earn profit of 1 dollar per day on your investment. If you can trade well according to your plan and succeed, you can earn more profit than this. If you can profit like this for a few days, then later you will invest money in Bitcoin. Because you will buy and hold some amount when the price of Bitcoin falls from your profit share. Thus, if you buy and hold bitcoins from profit for a few months, you will have a good capital in the future. And if you continue to work according to your plan, you will eventually see your special source of income come into play. There is no doubt that you can get your daily income from here so invest according to this advice.

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Quote from: Blowon on May 14, 2023, 04:59:36 PM

No . it's too long, try to increase it. try to make it at least $10. if in a month then it makes at least $300 to invest and that's enough for us to start trading with profit taking at least 10% of what we trade. $10 is even something that exchanges put a minimal trade on in most markets.

do you know what the OP meant? he is oriented toward investment planning, not trading. $1 to trade, of course, it's hard. Even with the $300 you're talking about, for a beginner it's hard to get the 10% profit you can talk about.
to start investing, I think nominal is not a major measure for beginners. they can start with whatever capital they have. The most important thing is the interest and consistency in the planning they do. if the OP is consistent with what he's doing, it doesn't matter how long it takes. in the future, he will enjoy the return on his investment.

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