1$ per day crypto investment plan any good ? - page 8.

Luzin

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Quote from: aylabadia05 on March 21, 2023, 09:44:41 AM

Quote from: Maliceprime on March 17, 2022, 02:57:26 AM

[snip]

Set a plan with good management because $1K starts from $1 if invested in the right investment or $1K can become $1 if you invest it wrongly.
$1 you save first when it is enough to buy, then buy Bitcoin even though you will only get a decimal amount.

If you work and get paid, it's better to invest a percentage of your wages in Bitcoin and not in crypto.
Cheers. I wish you success with your wishes and plans. Don't force yourself but trying to be able is good.

The best thing is to set aside it in fiat form and then convert it to the desired coin, it seems that it is more effective. Remember every transaction has a fee, the minimum transaction so it seems difficult to get 1$ in fiat converted directly to crypto coins.
Even in 2015 I started trading no more than $50. But I agree with you, there is no need to force to invest in crypto. You don't have to force $1 every day if it makes it difficult for you to meet basic needs.

aylabadia05

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Quote from: Maliceprime on March 17, 2022, 02:57:26 AM

[snip]

Set a plan with good management because $1K starts from $1 if invested in the right investment or $1K can become $1 if you invest it wrongly.
$1 you save first when it is enough to buy, then buy Bitcoin even though you will only get a decimal amount.

If you work and get paid, it's better to invest a percentage of your wages in Bitcoin and not in crypto.
Cheers. I wish you success with your wishes and plans. Don't force yourself but trying to be able is good.

Crypt0Gore

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You will have to wait for 11 days to be able to withdraw your Bitcoin back into your wallet if you are storing the 1$ on a top crypto exchange, this is not a safe practice, because anything can happen to any exchange no matter how big they are, it is better to safe your money up to 11$ or 12$ before using it to buy crypto, for example when I am using Binance I can't withdraw anything less than 10$ on the exchange, I can't even buy anything with 9$, Huobi exchange has to follow the same step too.

*Wait till you have up to 12$ to buy so you can withdraw instantly.

*Avoid storing your daily 1$ on any exchange, they are safer in your bank account until you are ready.

leonair

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Quote from: Maliceprime on March 17, 2022, 02:57:26 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?

Investment depends on individual ability. Because investing $1 per day is $30 per month. And in this case many earn only 100 to 150 dollars per month how can that person invest 30 dollars for every month where in every country it costs 150 to 200 dollars to run a family every month. So if you can do that then surely it is enough. Because if you invest one dollar per day it becomes $365 in one year and if you can continue it for 10 years it will be $3,650 and if it is bitcoin investment then you will get about 10-20x profit from here in 10 years. So after ten years you can earn approximately 50K to 100K dollars by investing one dollar per day. It's just an idea there is no guarantee that this will actually happen. So invest based on your own research

erep

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Quote from: BIT-BENDER on March 19, 2023, 02:32:44 PM

$1 per day is $7 per week and averagely $30 every month. That is a good start in my opinion. I think people has even stated with less. But since you are starting small you have to be a long term holder to yield the benefits of your investment properly.

Also it’s not only your capital that should concern you also what you are investing in is as important because regardless of large or small capital if you invest in the wrong crypto-currency it is a wasted investment.

The accumulated monthly investment amount of $30 is good enough to start investing, before you invest it is better to understand the basic knowledge regarding crypto investment and must understand the risks.

If you consistently invest every day then you have a high chance of having high funds in the next few months, so it is recommended to get maximum profit then you should buy at a correction price and invest for the long term.

BIT-BENDER

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$1 per day is $7 per week and averagely $30 every month. That is a good start in my opinion. I think people has even stated with less. But since you are starting small you have to be a long term holder to yield the benefits of your investment properly.

Also it’s not only your capital that should concern you also what you are investing in is as important because regardless of large or small capital if you invest in the wrong crypto-currency it is a wasted investment.

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Quote from: Maliceprime on March 17, 2022, 02:57:26 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?

Investing $ 1 every day means that within one year you have accumulated $ 365 worth of dollars because every year has 365 days so if for example you buy bitcoin every day worth $ 1 at a bitcoin price of $ 27k like now maybe you will have BTC0.013 more per year especially sometimes you had time to buy it at a lower price than now, buying bitcoin fractions worth $ 1 looks small but if you keep doing it for the next few years then the fractions will become a large amount, so continue your plan because with bitcoin we are free to invest it with any nominal moreover we can buy fractions of bitcoin.

libert19

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Quote from: Maliceprime on March 17, 2022, 02:57:26 AM

also is BTC the best option with this 1$ per day?

I would stick with btc, or would recommend ethereum at most. Every other alt appears gamble to me and gambling should only be done with extra money.

Make sure to hold your coins in non-custodial wallet.

Faisal2202

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Quote from: bettercrypto on March 18, 2023, 09:16:15 PM

Snip

No that's not possible because transferring 1$ from the wallet to the exchange wallet cost much well if the assets of 1$ are already in the exchange wallet then the minimum criteria for opening trade on Binance is 10$ and in the future, you can start from anywhere.

Well, the plan of op is no doubt a great one he could invest 30$ monthly, and for the whole year he can invest 360$ well I must say if he/she wants to make big profits then op has to take entry in dips because the more price will go up the more chances of getting profits but no wonder in it that small investments bring small money, but slow and steady win the race if you could able to increase your portfolio from 360$ to 1000$ then I must say that will be a sign that you have got potential in trading, well I frankly speaking I am not that good in trading, especially in future and option.

bettercrypto

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Quote from: Maliceprime on March 17, 2022, 02:57:26 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?

1$ crypto investment every day? Will the 1$ from your atm card go to the centralized exchange? So is this 10$ you earn per day from your job and not from crypto?

Because for us to buy bitcoin in exchange, we need to make a deposit first and the minimum is 10$ and above as far as I know and that depends on the exchange, the others are 20$ minimum.

But if you can do that on an exchange platform today that's a good plan I think.

zaki12

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I started DCA Monthly since early 2018, and stopped buying in early 2021, then sold 50% in March 2021, and started DCA again every 3 days in early May 2022 until today. DCA is the easiest profile, you don't need to think much. If you want a more profile, look at some index data and market sentiment. This is good for the long term, the important thing is that every deposit buys at the lowest price.

CageMabok

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Quote from: Maliceprime on March 17, 2022, 02:57:26 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?

That is a very good way even though it looks very simple. Because if you do it regularly every day with a size of $ 1 to invest in Bitcoin, that means you have set aside as much as $ 30 a month to invest in Bitcoin and $ 360 in a year. It is a very good idea and everyone can invest with this kind of method because it is very simple and not burdensome at all. After all, you still have another $ 9 for you to use for other needs or just save it for other business capital.

$crypto$

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Quote from: KingsDen on March 16, 2023, 06:49:09 PM

Quote from: Maliceprime on March 17, 2022, 02:57:26 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?

The best part of Bitcoin investment is being able to invest what you are able to lose.
It is been able to invest what will not push you into financial crisis.
It is been able to invest within your budget.
You make $10 every day and by virtue of investment some people only invest 5% of their income, and 5% of $10 is about 0.5 cents.
So being able to invest $1 out of $10 is a very good investment and it will bring good return on the long run only if you can remain consistent.

If the OP is only able to lose $1 for example in what is invested then that is quite good because he is only brave and never pushes beyond the capacity that is generated every day, so it is clear that any investment in bitcoin is still good enough than nothing, but if you don't expect too much profit because if you calculate it annually, it will only generate $350+ but if this plan, for example 10 years or 20 years, it will be better, it means that OP will remain consistent in his stance.

So never regret when starting from scratch with small value, I think OP can also increase along the way more than $1.

Getmon

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$1 every day is too little mate. There are fees associated with transferring funds and then converting them into bitcoin. In addition, exchanges require a minimum trading amount of between $10 and $20. The most ideal way to put resources into bitcoin is to make it monthly or at regular intervals each time your capital sum comes to $50 to $100. When you move your bitcoins to your own personal wallet, where you can keep your own keys, the same idea will be used. At Coinmarketcap, you can look at the top ten largest exchanges. And one by one you find the exchange with the lowest bitcoin withdrawal fee.

Smack That Ace

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Quote from: VRExpress on March 17, 2023, 03:19:54 AM

In a year you will have 360$ - 364$, if you are investing this on Bitcoin it's a sorry case, your money will be safer because you invested in Bitcoin, but the returns won't be very good even if Bitcoin do an x10 if this is all I can afford to invest in a project I won't be investing in Bitcoin.

It's not a huge amount of money, and if bitcoin goes up 10 times in value, it won't make you rich either. But my question is, do you have any solution or project that can be as profitable as bitcoin but safe as bitcoin? Are you saying that with that money, you will invest shitcoin? Yes, you can invest in shitcoins, but what is the guarantee that they will be profitable or will cause you to lose your meager capital? Everything in world is very balanced, if you want high profits, you must accept high risks, and nothing is easy or free.

ANSEL_2.0

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It's better to plan raising up to 1000$ for crypto investment, this amount of money is enough to bring you some nice profits, you are limited, if all you can afford in a whole year is +300$, you can easily split up the money in five altcoins, forget about bitcoin cos the return won't make it worthy, that 1000$ can turn 20,000$ in a year or two.

lousie9

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Quote from: Maliceprime on March 17, 2022, 02:57:26 AM

Is 1$ investment in crypto every day enough?

I think it's enough and I don't think it's a problem, just adjust it to your abilities and the income you currently have. don't be afraid and don't hesitate to start investing even with minimal capital, even if it's a little as long as it's done consistently little by little it's better than not starting at all.

Quote from: Maliceprime on March 17, 2022, 02:57:26 AM

also is BTC the best option with this 1$ per day?

yes, you should only invest in Bitcoin because it has been proven rather than investing in shitcoin. but you also don't get complacent just yet, it's best after you can be consistent every day $ 1 like your original plan, after that maybe you can try to find additional income again and try to increase the amount of your investment.

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Quote from: Maliceprime on March 17, 2022, 02:57:26 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's not enough but it's not bad either and just as it was pointed to you of a thread with similar discussion and hope you go through the link and get more responses over there.
I hope you intend to hold tis coins for a very long time and if yes I will advice that you just buy and hold Bitcoin because it is one of the best coins that has proven itself for over a long time now.
Also make sure you use the decentralized wallets as the centralized ones can't be trusted and anything can happen just as the case with FTX.
security is paramount and make sure you keep your seed phrase as there is a saying that "Not your key, Not your coin".

Lainta

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Quote from: touseefahmad1999 on March 16, 2023, 10:22:06 PM

As for whether Bitcoin (BTC) is the best option with a $1 per day investment, it depends on your investment goals and risk tolerance. Bitcoin is the largest and most well-known cryptocurrency, and historically it has shown strong growth potential over the long term. However, it can also be volatile and prone to sharp price swings in the short term, which may make it a riskier investment for some investors.

Bitcoin can be a good option for long-term growth, but its short-term volatility may not suit everyone. Consider your goals and risk tolerance.

Quote from: touseefahmad1999 on March 16, 2023, 10:22:06 PM

If you are looking for a less volatile option, you may want to consider investing in stablecoins or other less volatile cryptocurrencies. However, these may not offer the same potential for high returns as Bitcoin and other more volatile cryptocurrencies.

Stablecoins and less volatile cryptocurrencies offer lower risk but lower potential for high returns compared to volatile ones like Bitcoin.

VRExpress

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In a year you will have 360$ - 364$, if you are investing this on Bitcoin it's a sorry case, your money will be safer because you invested in Bitcoin, but the returns won't be very good even if Bitcoin do an x10 if this is all I can afford to invest in a project I won't be investing in Bitcoin.

Topic: 1$ per day crypto investment plan any good ? - page 8. (Read 1949 times)