Topic: 1$ per day crypto investment plan any good ? - page 9. (Read 1962 times)
I would say that any investment is good, no matter if you invest a dollar or a million. Money must work, otherwise inflation will eat them and all of your efforts of working more. Even if your crypto investment fails, you will spend $1 on daily experience. Call it a test for your brains, intuition and luck. A dollar per day isnt a life changing amount not to risk to take that test. Even on a continued red market, if your daily invested $1 turns into "<$1" next day, one day you will understand and find a way to invest in profitable cryptocurrencies. Your expenses will pay off.
Investing $1 per day in cryptocurrency may not result in significant returns immediately, but it can be a good way to start building up your crypto portfolio gradually. Over time, small investments can compound and grow into larger sums of money, especially if you continue to invest regularly.
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.
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.
It's important to remember that any investment comes with risk, and you should never invest more than you can afford to lose. Additionally, it's essential to do your research and make informed decisions when investing in cryptocurrency.
As for whether Bitcoin (BTC) is the best option with a $1 per day investment, it depends on your investment goals and risk tolerance. Bitcoin is the largest and most well-known cryptocurrency, and historically it has shown strong growth potential over the long term. However, it can also be volatile and prone to sharp price swings in the short term, which may make it a riskier investment for some investors.
If you are looking for a less volatile option, you may want to consider investing in stablecoins or other less volatile cryptocurrencies. However, these may not offer the same potential for high returns as Bitcoin and other more volatile cryptocurrencies.
It's important to remember that any investment comes with risk, and you should never invest more than you can afford to lose. Additionally, it's essential to do your research and make informed decisions when investing in cryptocurrency.
Is 1$ 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 $10 is a very good investment and it will bring good return on the long run only if you can remain consistent.
It can be a good way to start building your investment portfolio, especially if you are just starting out and have limited funds to invest. It's also worth considering the transaction fees associated with investing small amounts of money in cryptocurrency. Some exchanges may charge high fees for small transactions, which could eat into your investment returns. You may want to look for exchanges that offer low fees or consider using a platform that allows for automatic investments over time, which can help to minimize fees and make investing small amounts more efficient.
BTC is generally considered to be one of the safer options due to its established track record and widespread adoption, but also other top marketcap alts like ETH and BNB is also good to invest with low funds.
BTC is generally considered to be one of the safer options due to its established track record and widespread adoption, but also other top marketcap alts like ETH and BNB is also good to invest with low funds.
Is 1$ 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 all depends on what you are doing with the money. If you have someone that will be giving you $1 per day for your investment then that is good than going for a risky business that could make you lose your profits at some time. It is good to invest in cryptocurrency but when we don't know how to do our investment or arrange our portfolio in a way that will give us optimum profits then we might be doing the wrong thing. Bitcoin investment is a good one like buying and holding till when we are ready to sell and make profits. I don't know if op will be that patient investing in Bitcoin because the market is always volatile and now that Bitcoin is not moving the way we all expect it to move.
1$ is good enough for me rather than don't have plan to invest for their future but Op like what other said above the price of Bitcoin is not just steady sometimes it will fall and sometimes it will raise so it's better to decide that every week or months instead of daily and also the best tips is that you can buy crypto during the price is low and when the price is high then it's better to save your Fiat and wait for the best timing. But the dicision is yours Op if you want daily then that's good as well.
it looks like the OP did indeed take the advice given. and he has executed his investment plan. because the price of Bitcoin is increasing from the start OP planned his investment. now he has the advantage.I hope the OP can come up with a better plan. the current advance probably won't be as big a value on his portfolio. maybe the OP can continue his investment with a longer planning time to get a profit and also an increase in investment value.
You are right but I plan to do the buying at every 10$ so I safe the daily 1$ everyday till 10$ is up and I do the buying on exvhnage, I have already started this journey and I have increased my investment to 2$ per day on BTC and so far so good, while BTC was at 17k weeks ago I use 100$ to purchase some and I am in profit now, thanks for the advice.
OP did well, maybe this could be a consideration for those who have limited capital to invest in Bitcoin.
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 good enough for me rather than don't have plan to invest for their future but Op like what other said above the price of Bitcoin is not just steady sometimes it will fall and sometimes it will raise so it's better to decide that every week or months instead of daily and also the best tips is that you can buy crypto during the price is low and when the price is high then it's better to save your Fiat and wait for the best timing. But the dicision is yours Op if you want daily then that's good as well.
I think directing 10 percent of the income to investment is a very reasonable percentage. But this will be useful if your income exceeds those few dollars. Perhaps this percentage was sufficient during the early years of the emergence of cryptocurrencies, but today it is not sufficient to achieve a lot of profits, and in the best case, you will get a small amount that revives your income, but not to improve your situation.
Isn't it better to think of ways to improve your income to increase the investment rate?
Isn't it better to think of ways to improve your income to increase the investment rate?
Investing $1 a day in cryptocurrencies is unlikely to bring you significant income in the short term, since cryptocurrencies have high volatility and prices can change significantly in a short period of time. However, if you are willing to risk this small amount, then you can try investing in cryptocurrencies.
When it comes to choosing a particular cryptocurrency, the best option depends on your strategy and the level of risk you are willing to accept. Bitcoin (BTC) is the most popular and widespread cryptocurrency, but currently the price of it is quite high and it can be difficult for investors with a small budget. You can consider other cryptocurrencies such as Ethereum (ETH) or Binance Coin (BNB) which also have high upside potential. However, before investing money in cryptocurrencies, be sure to study the market and make your own risk assessment.
When it comes to choosing a particular cryptocurrency, the best option depends on your strategy and the level of risk you are willing to accept. Bitcoin (BTC) is the most popular and widespread cryptocurrency, but currently the price of it is quite high and it can be difficult for investors with a small budget. You can consider other cryptocurrencies such as Ethereum (ETH) or Binance Coin (BNB) which also have high upside potential. However, before investing money in cryptocurrencies, be sure to study the market and make your own risk assessment.
Its a good start,but if you really want to take it up as a challenge to make the best out of it,raise it up to $2 daily. Its tasking anyway.
No, it's not good enough, because 1$ per day is 365$ per year, you can get lucky if you join a new project that's still cheap, but I won't expect anything more than 3,000$ or a bit other 3k from this money, still better than nothing but find good projects and invest 100$ each.
You should go for high potential new crypto currencies to make more profit with your 1$ daily. Just research before investment.
In 2017 when I get to know more about crypto I started with 15$ per month to invest on BTC, I don't buy BTC direct but a family friend gave me a graphic card and I uses that to mine Ethereum then get paid in BTC through Nicehash pool, by November of 2017 I have good ROI because the price pumped a lot from 1500$ to 18,000$, you are not too late.
I wouldn't say it a bad investment because it clearly better than nothing, I won't say this plan will get you rich but it will increase your finicial stability. So if you feel very okay with the plan then just go for it. A penny is better than nothing. And again in this crypto world world the more you are able to invest the more you earn.
Is 1$ 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 more you invest, the more you will earn. Today you invest $1 and earn $10, if you invest $10 you will get $100, so the more you invest the more your income will increase. And we should remember that cryptocurrency will never end and I think cryptocurrency will rule the world very soon. You are investing as well as giving others an opportunity to invest. According to coinmarketcap, the best coin in the market is Bitcoin. If you invest here, there is no loss, but there is a lot of profit. Your idea is very good you can invest on Bitcoin if you want.Thank you.
I love BTC and its the safest of them all but I've made more money from altcoins, to whom it may concern I am sorry altcoins holds the key to higher ROI, my advice is to avoid buying altcoins at the top, wait for big crashes and your money will be safe, altcoins are down 87-98% buying at this price is good and even if the market crashes further it will easily recovers, buying entry is the most important part of investment.
Buying altcoins at the top looks even more secured and guaranteed because they are almost established, known with large community based. Secured coins are good for a longtime investor except for a short time investor only interested in pump and dump for quick profit. If you observe from the current crash, the altcoins trying to recover as bitcoin is hitting $24,470 is the top altcoins like etheruem, BnB etc
I love BTC and its the safest of them all but I've made more money from altcoins, to whom it may concern I am sorry altcoins holds the key to higher ROI, my advice is to avoid buying altcoins at the top, wait for big crashes and your money will be safe, altcoins are down 87-98% buying at this price is good and even if the market crashes further it will easily recovers, buying entry is the most important part of investment.
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The same altcoins that may get you rekt? Altcoins may be promising but I don't think they are safe when the market is crashing, they can give you huge ROI but can also take all that you have invested.Quote
If you can afford 1$ 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...
That's the best way to go about it, honestly. That will even save OP unnecessary daily commission charges if at all the transactions pull through. 
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.
Besides the trading fees and the withdrawal fees if he wants to withdraw his coins to a private wallet (which is always recommended), there are other limits to consider:- The minimum trade amount on the exchange you are buying on. Chances are, you can't buy $1, $5, or maybe even $10 worth of BTC. Maybe their minimum is $20 or more.
- The minimum withdrawal amount on the exchange. No CEX (I am using CEXs as a reference point since they are mostly used for buying/selling crypto) that I know of will allow you to withdraw $1 to $5 in BTC. Maybe not even $10.
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.
You can't possibly know what the future holds for Ethereum. No one does. All we can do is speculate. The value of ETH could fall once they migrate away from PoW. There will no longer be a need to invest in expensive mining equipment. Miners become validators and stakers who will profit even when they sell their ETH cheaper. That can drive the price down. 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
Don't worry about transaction fees, you can use Lightning Network bitcoin and to buy $1 bitcoins every day can be done anytime with low fees and faster. DCA is done anytime even though the bitcoin price is high, because DCA is an investment for the long term, buy gradually and consistently, so more bitcoins will be bought.
Maybe over time, the investment made by the OP will increase, from the initial $1 per day it can increase to $2 per day and so on. This is the first step to start investing in bitcoin, it's never too late. investing in bitcoin also doesn't have to be a lot of money. can start with $1 per day like the OP did.
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