Topic: 1$ per day crypto investment plan any good ? - page 3. (Read 1949 times)
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. $10 is even something that exchanges put a minimal trade on in most markets.
Its up to you that how much amount you can invest in any coin no one can tell you exact value because some people will use more and one cannot afford that amount so always choose that amount which is easy for you to invest. I think investment on daily basis is not affordable for everyone because sometime a person have no such amount to fulfil their needs so it will be affordable of invest little or more but at a single time.
Is 1$ 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 best to invest as much as you can. The decision you make here may be the best decision for you. If you invest $1 per day then at a certain point in time it will become a much larger investment and at a certain point in time this investment will help you the most. The advice I would give from my personal side is to definitely use a secure wallet to keep your investments. That secure wallet seed phase that no one can steal. Only then will you find your investment security. 
Is there any exchange you know of that will allow you to buy a cryptocurrency for just 1$? or have you ever bought Bitcoin for just 1$?
Because as far as I know there is no exchange platform centralized or decentralized that can sell crypto for only 1$. I usually know that 10$ is the minimum to buy crypto so you can start trading on the exchange. And when you start trading, you can earn by saving at least 1$ in your balance.
Because as far as I know there is no exchange platform centralized or decentralized that can sell crypto for only 1$. I usually know that 10$ is the minimum to buy crypto so you can start trading on the exchange. And when you start trading, you can earn by saving at least 1$ in your balance.
$1 is money, it cannot be denied, but to make a lot of money from that amount I could, but it is something very suffered, if a person is focused on doing many things to multiply it, it is within their rights, I would throw $1. to luck in a casino, because 1 dollar, although it is money, represents something but not much, and in trading the best thing is to have a good capital so that you can obtain very good profits, and I know that 1 usd for a maximum in 1 day is not It is bad, I am one of those who think that 1 usd or having some profit is something positive, I prefer to have 1usd in profit than to have lost 1 usd, but I think it should be more.
Well, using $1 in a casino won't guarantee our profit because in casinos mostly our profit comes from our luck, and many uncertainties there. 1$ is not a big capital but if he wants to do it every day in Bitcoin later after a year and sell it when Bitcoin reaches its new ATH he can get more rather than in a casino I guess.
$1 is money, it cannot be denied, but to make a lot of money from that amount I could, but it is something very suffered, if a person is focused on doing many things to multiply it, it is within their rights, I would throw $1. to luck in a casino, because 1 dollar, although it is money, represents something but not much, and in trading the best thing is to have a good capital so that you can obtain very good profits, and I know that 1 usd for a maximum in 1 day is not It is bad, I am one of those who think that 1 usd or having some profit is something positive, I prefer to have 1usd in profit than to have lost 1 usd, but I think it should be more.
It's a good idea. Investing 1$ amount every day can be a good decision. But it remains to be seen how long your decision will be effective. Because according to you your income is 10$ per day and you have talked about investing 1$ per day. But my question is if for some reason your income source stops then how will you continue your one dollar investment? And the one dollar a day investment you mentioned, do you want to invest for a long time or will you sell those investments when you need to?
- Maybe if you have a stable source of income, I think you should have an allocation budget for your bitcoin savings, whether your monthly income is small or large. Let's say you allocate 5%-10% for this. That's not a bad strategy in my opinion.
Because you can't buy worth 1$ worth of bitcoin on the trading platform, what will happen is that you will accumulate at least 10$ before you can buy Bitcoin on any exchange site mate.
Because you can't buy worth 1$ worth of bitcoin on the trading platform, what will happen is that you will accumulate at least 10$ before you can buy Bitcoin on any exchange site mate.
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?
From afar it doesn't look like it makes sense but looking at how far bitcoin has come i think this is a good approach but unfortunately if you are going to be buying your bitcoin using peer 2 peer channels or using your card, there is a minimum amount you are required to acquire which makes this 1 dollar investment not a practical venture, but either way love the idea.I am also believed that little investment changes our life. If you invest 1$ per day, in a month, it reaches 30$. In a year, it reaches 360$. It will be good after 10 years. In my opinion, you carry on as long as possible.
If it were bitcoin or any good altcoin, it could actually be X100 its value by the end of the year but i think not possible with btc atm you need to catch the next hidden gem. 
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?
$1 per day, in my opinion, is suitable for investing in altcoins that have low prices, for example Verasity, MBL or maybe Nervos, because you can get a larger number of tokens and of course you can also get x100 potential, especially now that there is also hype about China it's still running,
so that's why my advice is to buy a Chinese coin and hold it.
If you can invest 10 percent of your income, you can invest and be risk free. But here you should consider carefully the purpose in which you are motivated to invest in bitcoin. Because you can earn better profit from here after a long period of time. But if you want more or want to do something bigger from Bitcoin, you have no choice but to increase your investment amount. If your portfolio is not large, your return on investment also will not be large.
You don't have to rush into it, because that's the same as forcing something, and something that's forced is not good. It's better little by little as long as it doesn't burden us then do that little bit. I think it's not wise when we increase the number of investments and assets in the portfolio but it burdens us. The best option is to enter an amount that we can enter without anything being forced.Talking about the many portfolios that will make up for more later, who wouldn't? everyone would want it. But back again as to what our capabilities.
Is 1$ 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?
You can try to invest in all altcoins with your 1$
, you can hope that 1$ in every altcoin can gain for 10-100x in the next bull run. Bitcoin is not a bad option if you want to do that but if you want to take a risk then you can try altcoins. As long as you use the money that you can afford to lose then altcoins or Bitcoin is not a problem. One dollar a day, it's like instead of saving in fiat, you should convert them to bitcoins, and if you can do it in the long run with bitcoin, you'll reap unexpected results. Don't underestimate 1$ because if it is accumulated daily and maintained for a long time, plus the increase in bitcoin price, it is not a small amount.
He seems to be having a hard time making money and giving the advice to throw money at altcoins is no different from telling him he should gamble. And to be honest, I have never seen anyone get rich from gambling.
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?
I think btc is the best option for you it is a long term investment, if you invest 1$ everyday in a total of 5 to 10 years then you can maybe earn depending on the bitcoin price by the time you withdraw it on your wallet, one 1$ is not a big amount so you need to wait for a long time before you can get huge profit. I agree with this since bitcoin has seen to be the strongest in the crypto market. I think bitcoin will still be at this state for a long time so investing with this is a great move to put the money that you can afford to lose. I think that it is smart move to always consider your financial needs before going into making part of your money to go to investment, always secure your needs before deciding in taking the risk.
It all depends on the volatility here. If you invest $1 a day, the volatility is not too noticeable. And the whole question is when you invest. Maybe this altcoin has already peaked. When investing small amounts, risk management is usually not followed.
Well when it comes to altcoins things can get interesting, because generally an altcoin is very difficult for it to rise in price, generally altcoins depend directly on bitcoin, and unless bitcoin is in an uptrend, it is the best time to buy altcoins, because if the trend continues, what it will do is make the altcoin multiply its value, and 1 dollar can even reach 10, and if by chance you trade, and if it flattens out, then things become more interesting and you can bet more to earn more, but if and only if when you are sure that the trend is bullish.
I had same sentiment since it has been always proven that most of the altcoins follow the trend of bitcoin as if it is the major indicator. If you are considering in broadening your portfolio, you can consider the most competent altcoin in the market such as ETH since these are the crypto that would stay since it show great performance in the market. It actually boils down to having in-depth analysis of each investment so that the risk would be lessen. We all want returns of our investment so just be careful on where to put it and just invest what you can afford to lose.
If you can invest 10 percent of your income, you can invest and be risk free. But here you should consider carefully the purpose in which you are motivated to invest in bitcoin. Because you can earn better profit from here after a long period of time. But if you want more or want to do something bigger from Bitcoin, you have no choice but to increase your investment amount. If your portfolio is not large, your return on investment also will not be large.
It all depends on the volatility here. If you invest $1 a day, the volatility is not too noticeable. And the whole question is when you invest. Maybe this altcoin has already peaked. When investing small amounts, risk management is usually not followed.
Well when it comes to altcoins things can get interesting, because generally an altcoin is very difficult for it to rise in price, generally altcoins depend directly on bitcoin, and unless bitcoin is in an uptrend, it is the best time to buy altcoins, because if the trend continues, what it will do is make the altcoin multiply its value, and 1 dollar can even reach 10, and if by chance you trade, and if it flattens out, then things become more interesting and you can bet more to earn more, but if and only if when you are sure that the trend is bullish.
The amount you mentioned is good for enhancement of money because the greater amount of money you invested so the greater amount of risk is associated with it. But in the case of bitcoin you can invest greater amount of money because the risk is somewhat little in case of bitcoin. Also I will recommended that do not do day trading and leave this little amount for some long time than a day so your risk percentage will be lower and you will get probably higher return.
Is 1$ 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 good idea to put $1 into bitcoin investments every day, if you can manage it to afford that every day, your $1 investment will grow over time to thousands of dollars. The $1 each day will make sense, but it will be better if you can save it every day and wait for 30days before buying bitcoin. If any exchange would let you use that $1 to buy bitcoin, it will even stressful by doing that every day. You can try to invest in all altcoins with your 1$ , you can hope that 1$ in every altcoin can gain for 10-100x in the next bull run. Bitcoin is not a bad option if you want to do that but if you want to take a risk then you can try altcoins. As long as you use the money that you can afford to lose then altcoins or Bitcoin is not a problem.
, you can hope that 1$ in every altcoin can gain for 10-100x in the next bull run. Bitcoin is not a bad option if you want to do that but if you want to take a risk then you can try altcoins. As long as you use the money that you can afford to lose then altcoins or Bitcoin is not a problem. 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.
He seems to be having a hard time making money and giving the advice to throw money at altcoins is no different from telling him he should gamble. And to be honest, I have never seen anyone get rich from gambling.
You're great, I overlooked that. I was about to say that OP should consider investing a larger amount, or investing in a diversified portfolio of cryptocurrencies and other assets. But maybe he can try that when the time comes that he can afford to lose what he invested since bitcoin is so volatile.
But I disagree that there's no one who got rich from gambling. The are some who did bit they are those who can afford to lose what they gambled or just got too lucky or are just too rich. There's a different discussion that you can refer to: The journey of successful business man who were professional gamblers
Yeah right, but with proper knowledge maybe it can be a good alterative if you are avoiding high fees, though taking that route also have a risk that investors needs to analyze and understand, it will be depends from how people will take their focus, if OP only focusing with bitcoin and he thinks that it can be done on his favor considering all the fees behind, then it will be his decision and the intension always have a big factor in succeeding to your goals
Whatever the direction, as long as he is willing to take the long-term investment, the outcome will be in his favor if he can wait, either bitcoin or known alt/s.
Whatever the direction, as long as he is willing to take the long-term investment, the outcome will be in his favor if he can wait, either bitcoin or known alt/s.
Right. Proper knowledge would be necessary to continue making the informed decision. I think is in the right stand in investing $1 a day because he knows that that's the amount he can afford so in case it didn't gain profit, there's not much to lose. But on the other hand, he can just wait longer until he gained profit. He already finished a year, more years wouldn't hurt. I believe that OP will reap the fruit of his 1$ per day investment in Bitcoin. You got 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?
You can try to invest in all altcoins with your 1$
, you can hope that 1$ in every altcoin can gain for 10-100x in the next bull run. Bitcoin is not a bad option if you want to do that but if you want to take a risk then you can try altcoins. As long as you use the money that you can afford to lose then altcoins or Bitcoin is not a problem. One dollar a day, it's like instead of saving in fiat, you should convert them to bitcoins, and if you can do it in the long run with bitcoin, you'll reap unexpected results. Don't underestimate 1$ because if it is accumulated daily and maintained for a long time, plus the increase in bitcoin price, it is not a small amount.
He seems to be having a hard time making money and giving the advice to throw money at altcoins is no different from telling him he should gamble. And to be honest, I have never seen anyone get rich from gambling.
Yeah right, but with proper knowledge maybe it can be a good alterative if you are avoiding high fees, though taking that route also have a risk that investors needs to analyze and understand, it will be depends from how people will take their focus, if OP only focusing with bitcoin and he thinks that it can be done on his favor considering all the fees behind, then it will be his decision and the intension always have a big factor in succeeding to your goals
Whatever the direction, as long as he is willing to take the long-term investment, the outcome will be in his favor if he can wait, either bitcoin or known alt/s.
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?
You can try to invest in all altcoins with your 1$
, you can hope that 1$ in every altcoin can gain for 10-100x in the next bull run. Bitcoin is not a bad option if you want to do that but if you want to take a risk then you can try altcoins. As long as you use the money that you can afford to lose then altcoins or Bitcoin is not a problem. One dollar a day, it's like instead of saving in fiat, you should convert them to bitcoins, and if you can do it in the long run with bitcoin, you'll reap unexpected results. Don't underestimate 1$ because if it is accumulated daily and maintained for a long time, plus the increase in bitcoin price, it is not a small amount.
He seems to be having a hard time making money and giving the advice to throw money at altcoins is no different from telling him he should gamble. And to be honest, I have never seen anyone get rich from gambling.
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