Investing 1$ every day in bitcoin over the last five years - page 5.

Twinkledoe

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Quote from: BuNga_cute on April 14, 2020, 06:52:37 AM

No matter how small the value of money that we invest to buy bitcoin, will be worth in the future. So I totally agree investing $ 1 in bitcoin
can generate large profits. Even if we invest as much as $ 0.5, it can be very meaningful, so from now on start investing on bitcoin. This is
one of the easiest ways you can become rich, prove yourself if you don't believe.

The presentation is quite an encouragement for all crypto users to do that kind of investment strategy. It is like saying to you not to take your daily take out of coffee or lunch and instead invest it in bitcoin. You can also save by preparing your own lunch and not buy in a fancy resto. But don't expect too much from it, so when the time comes of checking how much your investments resulted to, you will be genuinely happy if it really does become fruitful.

ttcsalam

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I support this idea. It might be a good idea.It can be a process of getting rich. It can create a saving mindset.Anyone can keep the process of getting rich this way.But what will be the action if the price of bitcoin is reduced by the increase.

Asuspawer09

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Quote from: BuNga_cute on April 14, 2020, 06:52:37 AM

No matter how small the value of money that we invest to buy bitcoin, will be worth in the future. So I totally agree investing $ 1 in bitcoin
can generate large profits. Even if we invest as much as $ 0.5, it can be very meaningful, so from now on start investing on bitcoin. This is
one of the easiest ways you can become rich, prove yourself if you don't believe.

Not totally in the future just need to sell it in the right time, it's already few years since the last ATH of bitcoin and we still cannot reach the ATH of bitcoin or surpass it meaning investing in bitcoin for long term investment doesn't mean it is surely going to be a big profit to every investor I believed the right term to use is selling your bitcoin in the right time. Also, we cannot predict the highest market price possible before it undergoes a dump in the market so I would say the investment was just a gamble to everybody. Buying 1$ could give profit but more profit if you buy a big volume in a dump price.

BuNga_cute

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No matter how small the value of money that we invest to buy bitcoin, will be worth in the future. So I totally agree investing $ 1 in bitcoin
can generate large profits. Even if we invest as much as $ 0.5, it can be very meaningful, so from now on start investing on bitcoin. This is
one of the easiest ways you can become rich, prove yourself if you don't believe.

Eugenar

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Quote from: Asuspawer09 on February 03, 2020, 12:50:14 PM

Just a Fact that investing in 1$ in bitcoin every day over the last five years could actually give you a profit of $20,405, just investing or spending over $1,858 in bitcoin...
Of course, this doesn't involve transaction fee but still, it was just 1$ investment every day or just like buying a coffee every day you could already accumulated more than $20k of bitcoin.

Watch the video here:
https://twitter.com/JamesTodaroMD/status/1223670320541900800
Source :
https://bitcoinist.com/if-youd-invested-1-a-day-in-bitcoin-over-the-last-5-years/

Nice post mate, this would be an inspirational post for everyone who want to make more money in the future and investing is the good thing that you should do for it, especially if you keep your money for the long time, invest more money for long time instead of short time because if you really believe on bitcoin, you should invest now.

A 1$ investment per day is really a big help for you to have a great future, imagine, by just keeping your 1$, you may earn so much money up to $20k bitcoin for five years, that is so big if you have amount of money like that then for sure you are now rich, you may now stop working because you have it all.

Gyfts

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To be clear, you could have done this experiment with just about any stock that out performed expectations. Do it with Netflix or Tesla and you'll see some good pay outs. Invest in Apple over the last 10 years and you'd be extremely wealthy. It's easy to play this game of picking and choosing how you "could have" made money and isn't particularly useful.

bythesea

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The idea is great. Kinda sad I didn't thought of it but I guess it's never to late. The joke about smokers who wasted money on cigarettes now gets a new meaning, imagine investing 3$+ into BTC daily instead of buying cigarettes, that could amount to 200k in profit.

Vishnu.Reang

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Quote from: pawanjain on April 13, 2020, 09:31:25 AM

Quote from: layoutph on February 03, 2020, 12:59:09 PM

In my case, as a freelance graphic designer that accepts crypto. I do save the every 5% of my salary or every project in my bitcoin paper wallet. This is for my family and for my kid's educational fund in the next decade. I believe this is far better than investing in banks.

It is indeed better than depositing the money in banks. Banks just give about 5% in savings account (5% is rare too) whereas saving money in BTC can turn out to be really profitable. Saving 5% of your earnings is a good thing you do but I think 10% would be more better since you would be saving more in BTC which you can use yourself in future.

5% is very high interest rate and here in India, most of the banks are giving somewhere between 3% and 4% per year. But then you can't compare fiat currency with Bitcoin. Fiat currency have been around for many centuries and Bitcoin is just 11 years old. There is always an advantage for the early adopters and those who invested in Bitcoin during the early days got that advantage.

pawanjain

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Quote from: layoutph on February 03, 2020, 12:59:09 PM

In my case, as a freelance graphic designer that accepts crypto. I do save the every 5% of my salary or every project in my bitcoin paper wallet. This is for my family and for my kid's educational fund in the next decade. I believe this is far better than investing in banks.

It is indeed better than depositing the money in banks. Banks just give about 5% in savings account (5% is rare too) whereas saving money in BTC can turn out to be really profitable. Saving 5% of your earnings is a good thing you do but I think 10% would be more better since you would be saving more in BTC which you can use yourself in future.

CarnagexD

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Quote from: ?? on ??

Oh yeah I should start to investing 1$ ever day now, maybe I can earn $20.405 like the video, or maybe higher than that? We can't know, only predict.

I think the real investor is like that's, invest a small amount money everyday but consistent. No matter the price is pump and dump, just believe in the future Cool

It is quite too good about his investment because first the market is volatile so having the low market price of the bitcoin you can now make a lot of profit by that like following the buy low and sell high movement. Next is good is you make an investment what you can afford because not all the time we have too much money and you can make investment even just one dollar only and that was good because you does not risk all of your money in making investment just having extra to make invest. Also if you bought that from five years a go while the market priceee of the bitcoin are still low it is a huge income for now because the price is the bitcoin today hits 7k dollars.

Republikcoin.com

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Quote from: HatakeKakashi on April 12, 2020, 08:25:20 PM

They have more advatanges of investing of bitcoin in the last few years ago but not the year 2017 when bull run happened.
Investing $1 everyday is good for the people who don't have enough budget to invest. What if you invest in 2009 when bitcoin is really low when price is like that your profit now is very high because price increase more than thousands times.

if we talk about the past, it will indeed benefit. but, I think it's very difficult to survive to invest $ 1 every day. Well, I think most people who discuss this don't do that. we are eyeing investment in a short time or a long time. that's why they always ask about potential coins. if indeed this is beneficial, maybe those who intend to do so can do so from now on. besides that, the potential is also big, because halving will come soon.

KrisAlex18

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Great post, it is just an inspirational message for everyone here in this forum, imagine by just investing 1$ per day you can have more than 20,000$ of bitcoin for 5 years, that is so big and if you have that kind of bitcoin you are considered as rich. The 1$ each day is just so simple for you, you can have that anytime so instead of spending it on something, try to make it more valuable by just investing it on bitcoin because in a long term of investing you will make money so much if you maintain doing it. Investing of 1$ per day is not just simple, you need some dedication and discipline to do that thing.

Asuspawer09

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Quote from: lepbagong on April 12, 2020, 07:35:48 PM

Quote from: ?? on ??

Not too late doing the same thing in the next 5 years, everyone can do it by setting aside a small amount of money in the pocket and then enjoying it in the long term, we don't know how bitcoin is in the future but one thing I believe is that bitcoin hasn't reached the peak of ATH.

agree, it's never too late to do the same thing if you want to do it for the next 5 years. because bitcoin always continues to move in a very promising direction and continues to grow, it is true that you say that bitcoin will continue to move in the best position, especially now that bitcoin is still under $ 10K. which is likely to achieve a higher level will be realized soon.

It would be better to invest 1$ a day if you don't have big funds to invest in bitcoin as we can see in the thread you could still earn a big amount of profit with that.

But I'm sure that investing a big amount when the market price is dump would give you a bigger profit compared to this 1$ investment every day including the fees would surely could a lot. Investing when it is a dump and then sell it when the market is pumping and the reinvest again when the market is dump again would equal to a greater profit.

Anonylz

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Quote from: HatakeKakashi on April 12, 2020, 08:25:20 PM

They have more advatanges of investing of bitcoin in the last few years ago but not the year 2017 when bull run happened.
Investing $1 everyday is good for the people who don't have enough budget to invest. What if you invest in 2009 when bitcoin is really low when price is like that your profit now is very high because price increase more than thousands times.

Sometimes it is hard for some people to bring a large sum of money to invest especially when it comes to online investment, so by just putting 1$ per day for a year will be something and at this same time nothing, in a you have invest $365 to it (if you do it everyday)
This is for those who are not comfortable put on large sum, or who don't have such amount, not a bad idea after all.

HatakeKakashi

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They have more advatanges of investing of bitcoin in the last few years ago but not the year 2017 when bull run happened.
Investing $1 everyday is good for the people who don't have enough budget to invest. What if you invest in 2009 when bitcoin is really low when price is like that your profit now is very high because price increase more than thousands times.

lepbagong

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Quote from: ?? on ??

Not too late doing the same thing in the next 5 years, everyone can do it by setting aside a small amount of money in the pocket and then enjoying it in the long term, we don't know how bitcoin is in the future but one thing I believe is that bitcoin hasn't reached the peak of ATH.

agree, it's never too late to do the same thing if you want to do it for the next 5 years. because bitcoin always continues to move in a very promising direction and continues to grow, it is true that you say that bitcoin will continue to move in the best position, especially now that bitcoin is still under $ 10K. which is likely to achieve a higher level will be realized soon.

Sanugarid

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Quote from: ?? on ??

Not too late doing the same thing in the next 5 years, everyone can do it by setting aside a small amount of money in the pocket and then enjoying it in the long term, we don't know how bitcoin is in the future but one thing I believe is that bitcoin hasn't reached the peak of ATH.

Yeah, I also believe on this too. Maybe, just a maybe we'll going to thank that enormous problem has happened because it somehow paused the world for doing so much and so the cryptocurrency is behaving quite well now that we have a time to realize and prepare things like investing a dollar a day Grin

the current price of bitcoin is not that bad to start investing, In fact that is a long free ride for everyone that wants to own a bitcoin.

Krislaw

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Yeah, we all know investing in BTC is good but I am see some inaccuracy in the tweet if we are to follow the pattern.
Let's you want to invest 1$ every day for a month, on the first day, let's say BTC is at 1000$ you bought 1$ worth of BTC which is 0.001 BTC at that moment. Day 2, you woke and saw BTC at 1,200$, you bought another 1$ worth of BTC which is 0.0008333333 at that moment. Now you're having 0.0018333333 BTC.
If BTC goes back to 1,000$ you're having 1.8333333$ worth of BTC.
My point is you won't always get same fraction of BTC as the day before because the price changes and you're getting fraction of BTC worth the $ price at the time of purchase.
It's better you save better amount of dollars and buy bulk in my opinion.

noormcs5

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Quote from: Ailurophile on April 11, 2020, 11:30:55 AM

It is inspiring to read but it would be hard to do for some people out there $1 isn't small amount.
And it would also depend on how much they earn per day and the cost of their living expenses so investing $1 everyday in Bitcoin could be a great idea to gain profit but really hard to do for others.
I would say that I also want to do it but right now I couldn't really invest that much maybe I would set for a much smaller regular investment.

For some people investing 1$ may not be possible but this is not any hard and fast rule that you have to invest 1$. You can invest any amount in bitcoins daily. Even for a very poos person, he can invest 10 cents daily. It is better to have some portion of bitcoins collected by everyone because soon bitcoin will not be available at such cheap inexpensive prices.

Asuspawer09

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Quote from: Ailurophile on April 11, 2020, 11:30:55 AM

It is inspiring to read but it would be hard to do for some people out there $1 isn't small amount.
And it would also depend on how much they earn per day and the cost of their living expenses so investing $1 everyday in Bitcoin could be a great idea to gain profit but really hard to do for others.
I would say that I also want to do it but right now I couldn't really invest that much maybe I would set for a much smaller regular investment.

Most of the time I guess buying at a low price and immediately selling the bitcoin when you this the market is not going to pump could earn you more than just investing straight for long term investment. And then you could justs reinvest your funds in bitcoin when the market price is dump again and the repeat same process sells it again when the market price pump.

The movement of the market price of bitcoin is not easy to predict and we cannot predict it accurately but as we observe the market bitcoin market price is not going to increase all the time.

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