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 $1 everyday in Bitcoin could be a great idea to gain profit but really hard to do for others.
I would say that I also want to do it but right now I couldn't really invest that much maybe I would set for a much smaller regular investment.
Topic: Investing 1$ every day in bitcoin over the last five years - page 6. (Read 5053 times)
I don't think that this will probably work on these days,
I think it could still work these days since the bitcoin price is low, you can take advantage of the price of it until the pumping season begins.If by chance I knew that we are going to be this high with bitcoin, I could have sold every thing that I have back then and buy a bitcoin. I'm going to be happy living in the streets with 5bitcoin in my wallet
lol. However no one have ever predicted it coming right? not until it reaches the $2000 price way back 2017 and the price pump continues. That time was very risky for every one since it was the first time that digital asset have gone too far even from this point.
Everyone who understand the technology and economics knew that the market would rise as the market was in its infant state and it was just a matter of time and there were people who took the risk to invest in bitcoin during the initial few years and if you were able to risk then it paid off for many. Right now the price has grown considerably and if anyone jumps into the market making a fortune then that time is long gone but that does not mean that you cannot make a huge profit, the market will give you opportunity to make huge profit than any other market but the days of making a fortune is long gone. lol. However no one have ever predicted it coming right? not until it reaches the $2000 price way back 2017 and the price pump continues. That time was very risky for every one since it was the first time that digital asset have gone too far even from this point.
I don't think that this will probably work on these days,
I think it could still work these days since the bitcoin price is low, you can take advantage of the price of it until the pumping season begins.The fact that you can make a profit by investing a dollar every day is because it has been done over the past five years. Its price for the past five years cannot be compared to its current price and its movement today. So, if someone will start to invest today until the next five years, there is no guarantee of making a profit because its price is not the same as before when it is still affordable by everyone.
If by chance I knew that we are going to be this high with bitcoin, I could have sold every thing that I have back then and buy a bitcoin. I'm going to be happy living in the streets with 5bitcoin in my wallet lol. However no one have ever predicted it coming right? not until it reaches the $2000 price way back 2017 and the price pump continues. That time was very risky for every one since it was the first time that digital asset have gone too far even from this point.
I don't think that this will probably work on these days,
The fact that you can make a profit by investing a dollar every day is because it has been done over the past five years. Its price for the past five years cannot be compared to its current price and its movement today. So, if someone will start to invest today until the next five years, there is no guarantee of making a profit because its price is not the same as before when it is still affordable by everyone.
The fact that you can make a profit by investing a dollar every day is because it has been done over the past five years. Its price for the past five years cannot be compared to its current price and its movement today. So, if someone will start to invest today until the next five years, there is no guarantee of making a profit because its price is not the same as before when it is still affordable by everyone.
Investing is good but going by op, investing 1$ daily in bitcoin, I don't understand the way he means that to happen. Getting a dollar bitcoin is free, it has to have some charges too which will not be profitable. People do save some amount in Fiat daily but for bitcoin, it isn't going to be easy with such small amount.
You are right, so it is not effective because the value is too small and the accumulated fees for each transaction. The strategy is good, but maybe the interval is extended so as to minimize transactions, for example, BTC purchases are made every week or every month, with an accumulation of one dollar per day. IMHO. 
Maybe at the first time bitcoin launching to public and invest $1 every day is more than enough, but how come if getting and save $1 in bitcoin today with price of bitcoin above $6k, how most worth is it and when we will be rich just put $1 in bitcoin investment.
We can expect that bitcoin will continue to rise, it maybe 1 usd now but if adoption will increase and the price will increase, that would be big in the future if it will be compounded. BTC at $6000 now might not look attractive, but what if BTC will increase x100 and price will be $600k in the future, that would give you a lot of money of that investment that you are not even feel the risk. 
Whata great strategy on earning. .
You dont feel that you lose money even the isn' t on your favor
But taking a good risk like that and just waiting might have a great chance on getting profit..
Since that 5 years range is where the bitcoin reached the peak of 20k $ . Even though the price drop and still continue to invest dolar a day .
I might say it is not very bad because the amount of bitcoin will rise on every dolar . Even though the price is rough
You dont feel that you lose money even the isn' t on your favor
But taking a good risk like that and just waiting might have a great chance on getting profit..
Since that 5 years range is where the bitcoin reached the peak of 20k $ . Even though the price drop and still continue to invest dolar a day .
I might say it is not very bad because the amount of bitcoin will rise on every dolar . Even though the price is rough
People underestimate Bitcoin because they think it doesn't have fundamental value that's why most people/investors undermines it without knowing it could be available just as stocks, bonds, precious metals.
And know with the stock market collapse, people are panicking where to put their money. For me, i will invest Bitcoin in a dip cause i know it could potentially replace Fiat.
You can try the method that suits the title in this thread. if many people are afraid of storing large amounts of crypto, I think investing $ 1 a day won't panic. invest, and forget, and look at the next few years. Well, if you are able to survive with this, things told like in this thread will really happen to you. And know with the stock market collapse, people are panicking where to put their money. For me, i will invest Bitcoin in a dip cause i know it could potentially replace Fiat.
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 $1,858 in bitcoin...
This is like an investment strategy Dollar-Cost Averaging (DCA), every day or in a certain period to collect assets with the same nominal without regard to price fluctuations, very effective for the long term. Moreover, bitcoin has a good chance for it. This is one of the safest and easiest strategies for newbies, it's just that it takes patience because it can't be instant profit, it takes time. As TS discussed, it takes five years to achieve that profit, worth it. Please try, can be an alternative for current ways to save 
Of course this is true. Over the years, bitcoin investment is a successful deal in the long run, with which great profits can be achieved due to forecasts that the value of the currency will rise in the future, which affects the rate of bitcoin investors and make them grow permanently. It is truly a great thing.
Investing is good but going by op, investing 1$ daily in bitcoin, I don't understand the way he means that to happen. Getting a dollar bitcoin is free, it has to have some charges too which will not be profitable. People do save some amount in Fiat daily but for bitcoin, it isn't going to be easy with such small amount.
Of course this is true. Over the years, bitcoin investment is a successful deal in the long run, with which great profits can be achieved due to forecasts that the value of the currency will rise in the future, which affects the rate of bitcoin investors and make them grow permanently. It is truly a great thing.
I believe that it is only theoretically possible to implement this idea, since it is necessary to take into account the cost of transactions, as well as the minimum deposits and minimum amounts for withdrawal and minimums for transactions in exchangers. Spending one dollar a day will not work, and in any case, you will have to spend a significantly larger amount. Theoretically, the idea is really good, but impossible. For example, every month I spend a certain amount of personal funds to buy Bitcoin, regardless of its value, and I have been doing this for several years. In any case, I expect the final result, which may appear in a few years.
People underestimate Bitcoin because they think it doesn't have fundamental value that's why most people/investors undermines it without knowing it could be available just as stocks, bonds, precious metals.
And know with the stock market collapse, people are panicking where to put their money. For me, i will invest Bitcoin in a dip cause i know it could potentially replace Fiat.
And know with the stock market collapse, people are panicking where to put their money. For me, i will invest Bitcoin in a dip cause i know it could potentially replace Fiat.
Damn! never thought about this 
I need to buckle up during this recession and accumulate for myself bitcoins at its cheaper rate. it's never late until the life in us is take away. #HODL!
I need to buckle up during this recession and accumulate for myself bitcoins at its cheaper rate. it's never late until the life in us is take away. #HODL! If you invest 1$ every day , even without Bitcoins you still would have like 1825$ which is actually not bad at all .
But unfortunately the thing is , it is impractical , you cannot just buy Bitcoins every single day for 1$ , you will pay more towards the fee 😅 this is why the fee of the transactions would actually be very bad for this theory .
Still , this is a good observation buy one can not use it practically because of various factors .
But unfortunately the thing is , it is impractical , you cannot just buy Bitcoins every single day for 1$ , you will pay more towards the fee 😅 this is why the fee of the transactions would actually be very bad for this theory .
Still , this is a good observation buy one can not use it practically because of various factors .
I actually like this idea a lot, and to make it more practical, why not buy $30 worth once a month, wouldn't it work similarly and reduce the brunt of the fee cost? Receive a paycheck and buy yourself a couple beer sixpacks worth of Bitcoin. Money well invested
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So keeping in mind the conditions of prices for BTC:USD at that time one can follow the same strategy in today's date and do the same for next five years to get equivalent profit or more?
I mean considering prices fluctuated largely in those days we may need to re-consider the $1 ($-xx) and wait for the prices of BTC to hike accordingly.
Has anyone calculated odds of happening this one more time ?
If you invest 1$ every day , even without Bitcoins you still would have like 1825$ which is actually not bad at all .
But unfortunately the thing is , it is impractical , you cannot just buy Bitcoins every single day for 1$ , you will pay more towards the fee 😅 this is why the fee of the transactions would actually be very bad for this theory .
Still , this is a good observation buy one can not use it practically because of various factors .
But unfortunately the thing is , it is impractical , you cannot just buy Bitcoins every single day for 1$ , you will pay more towards the fee 😅 this is why the fee of the transactions would actually be very bad for this theory .
Still , this is a good observation buy one can not use it practically because of various factors .
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.
This is a wise decision and a wise way of preparing for the future and hopefully, you won't be forced to making a u-turn one day and withdraw some of it in case of an emergency since you are in total control of it and have access to it at any time which invariably it is otherwise in a bank. such investment will always come with a time constraint that gives accessibility 
It's not very surprising. If you are an early adopter and the asset in which you are investing in performs well, then you may get 100x or 1000x returns. Some of my friends, who were lucky enough to invest in Bitcoin in 2012, got almost 1,000x returns from their investment. The same goes for a lot of assets, such as the IPOs of Microsoft, Yahoo, Dell, IBM.etc. And the same is true even for the Ethereum ICO.
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