I just need to see the graph of bitcoin price growth over 5 years to understand that it is the best investment.
Take a look:https://imgur.com/gallery/7RQ4NGS
Topic: Investing 1$ every day in bitcoin over the last five years - page 7. (Read 5038 times)
https://imgur.com/gallery/7RQ4NGS
Very good strategy, actually it's very affordable to most of us because $1 is something that we can spend even in gambling but we if we started in 2015, we will certainly enjoy the money now. Actually for those who have not invested, I think it's not too late yet, there are still plenty of time and we can start doing it now as I believe bitcoin will worth $100,000 in the near future.
I just need to see the graph of bitcoin price growth over 5 years to understand that it is the best investment.
We have a calculator just for that https://www.coingecko.com/en/stack_sats
I think this could work for me too.i love the idea of it investing daily small amount and wait for a huge profit in right time.Consider it a longterm investment thats needs long patience too.
This is for me, a hard thing for investors to do, which is to consistently accumulate bitcoin at fix USD rate per day, especially when seeing the market at times that it is getting low, though, the existence of a strong willed person dedicated to constantly buy bitcoin at 1 dollar is probably impossible to happen.
There might be some, that will buy bitcoin periodically, but considering the market price of it rather than knowing the market falling and still continuing to accumulate BTC.
There might be some, that will buy bitcoin periodically, but considering the market price of it rather than knowing the market falling and still continuing to accumulate BTC.
That is still and high profit that a investors can get if they realy invested to the bitcoin in 5 years ago upto this now.
$1 everyday is small amount but it can turn into big or huge amount of money everyear past goes by.
What more thos investors who invested hundred dollars or thousands dollars per month over last few years ago I think they are rich because of the money they got. Also a investors who knew bitcoin since the first day it's started and they still now most of them are millionaire and if they are lucky and believe to the bitcoin they turn into billionaire.
$1 everyday is small amount but it can turn into big or huge amount of money everyear past goes by.
What more thos investors who invested hundred dollars or thousands dollars per month over last few years ago I think they are rich because of the money they got. Also a investors who knew bitcoin since the first day it's started and they still now most of them are millionaire and if they are lucky and believe to the bitcoin they turn into billionaire.
Good idea, i think you are too dedicated to do such thing for five years. I hope i can also do this like you, it's just like keeping 1 dollar a day and into a top coin in the market that is good for long term investment and gives sure profit in the long run. Very witty!
Someone somewhere (I forget) asked if there was a service that does this.
There's https://twitter.com/theamberapp https://getamber.io/
for Aussies only so far afaict, and the minimum is $5 dollars a day but hey. anyone willing to test?
also didnt' cashapp have a similar service for USians?
There's https://twitter.com/theamberapp https://getamber.io/
for Aussies only so far afaict, and the minimum is $5 dollars a day but hey. anyone willing to test?
also didnt' cashapp have a similar service for USians?
I like that idea invest daily with a small amount and earn a huge profit in the future.
I wonder if there are people who tried it already and how much did they already earned from it?
I would like to start this soon and convince my wife to join me.
I wonder if there are people who tried it already and how much did they already earned from it?
I would like to start this soon and convince my wife to join me.
Thanks! I've used the full data, starting at the first day they show a price for Bitcoin.
Results:
Data source: https://coinmetrics.io/newdata/btc.csv
Note: I had to use a logarithmic scale to make the graph readable.
Details:
The first 5 year period starts on July 18, 2010, when Bitcoin is valued at $0.08584. On this day, $1 buys 11.64958062BTC.
After spending $1 on Bitcoin every day for 5 years (I used 1826 days), it's July 17 2015.
July 17, 2015 is the very first data point in the graph: the most left red and blue dots.
The last data point (the most right red and blue dots) represent the investment period that ended on February 9, 2020, and started 5 years before that date.
The obvious
Early adopters had the best bet. Nothing new here!
Investing a total of $1826 in Bitcoin, for 5 years, with a dollar per day, would have gotten you $10,000 or more at the end of your 5 years, no matter when you started!
The amount of Bitcoin you can buy using "dollar cost averaging" for 5 years in a row has continuously been declining. No exceptions!
The dollar equivalent seems to have touched a bottom at $10,000.
Investment advice
I don't do that! This graph is based on historic data, if I'd know the future, I'd be rich!
Results:
Data source: https://coinmetrics.io/newdata/btc.csv
Note: I had to use a logarithmic scale to make the graph readable.
Details:
The first 5 year period starts on July 18, 2010, when Bitcoin is valued at $0.08584. On this day, $1 buys 11.64958062BTC.
After spending $1 on Bitcoin every day for 5 years (I used 1826 days), it's July 17 2015.
July 17, 2015 is the very first data point in the graph: the most left red and blue dots.
The last data point (the most right red and blue dots) represent the investment period that ended on February 9, 2020, and started 5 years before that date.
The obvious
Early adopters had the best bet. Nothing new here!
Investing a total of $1826 in Bitcoin, for 5 years, with a dollar per day, would have gotten you $10,000 or more at the end of your 5 years, no matter when you started!
The amount of Bitcoin you can buy using "dollar cost averaging" for 5 years in a row has continuously been declining. No exceptions!
The dollar equivalent seems to have touched a bottom at $10,000.
Investment advice
I don't do that! This graph is based on historic data, if I'd know the future, I'd be rich!
it seems to me it doesn’t matter exactly how much you invest in bitcoin, the main thing is that you do it
That's an incredible number, and it'd be really cool for someone to actually crunch the numbers including tx fees. Ought to be important to remember that at least up until 2016, if not even early 2017 (I can't be bothered to remember or look it up since I abandoned most of my old wallets), you could do 0 fee txs and still get confirmed easily.
The costs of transactions, assuming you never paid more than 1 sat/byte also would have been 2 cents at ATH (at legacy size of just under 150 satoshi fee) so let's do a non-accurate guess and imagine you paid that max 2 cents every day from 2017 to 2019, that's still just barely $2.
Fortitude!
The costs of transactions, assuming you never paid more than 1 sat/byte also would have been 2 cents at ATH (at legacy size of just under 150 satoshi fee) so let's do a non-accurate guess and imagine you paid that max 2 cents every day from 2017 to 2019, that's still just barely $2.
Fortitude!
-snip-
Try https://coinmetrics.io/data-downloads/They have daily price data for bitcoin going back to July 18th, 2010.
LoyceV make this!
Already exists: https://dcabtc.com/I can't find a complete dataset of Bitcoin prices though: Coinmarketcap's data starts at April 28, 2013. Other sites try to sell the data!
So with limited data, here's the graph:
First: note that the horizontal axis is in the opposite order.
This graph shows how much Bitcoin (in mBTC) you would have if you would have bought 1 dollar worth of Bitcoin every day in the 5 years (1826 days to be exact) before this date. I used the Open* price on CMC. The dollar value is the value at the day your 5 years are over.
From this graph, it's interesting to see the minimum value is $10,000 (for a $1826 investment), the maximum ($45,000) would have been if you started buying a dollar worth of Bitcoin per day in May 2013, and sold everything 5 years later.
If someone has a compete dataset of all-time Bitcoin prices, I'll make a better graph (with time line in the right order).
I think this bitcoin investment is always profitable the popularity is already starting to get big as time passes investing 1$ a day would give profit since for most of the time the market would increase its market price
nope it is not always increasing because just this year we are started to get increasing again from 2018 and 2019 almost movement is failing(though there is a bullrun happen last year)but not enough to maintain the growth.and there will be no loss if you're not going to sell your bitcoin at a low market price in the market. I think it was already reasonable but the fee is going to be a big disadvantage if the market is going to keep increasing its market price for sure the fee is also going to increases too that could cost a lot of money, I think if you're going to save it and wait for a good timing to invest it I think it will be more profitable.
i dont think the the fee will grow as high when the last Hype happen in 2017 when congestion happens and the fee really increased high,but since Lightning network is already here?maybe fee will not go that huge and we will maintain smaller fees.
I think this bitcoin investment is always profitable the popularity is already starting to get big as time passes investing 1$ a day would give profit since for most of the time the market would increase its market price and there will be no loss if you're not going to sell your bitcoin at a low market price in the market. I think it was already reasonable but the fee is going to be a big disadvantage if the market is going to keep increasing its market price for sure the fee is also going to increases too that could cost a lot of money, I think if you're going to save it and wait for a good timing to invest it I think it will be more profitable.
Always impressing to see things like this. Nothing more than simple math but unfortunately I didnt invest that much in BTC in the last years. But maybe in 5 years we will see other videos from "what would happen if you would invested 1USD in the last 5 years" and in 5 years other people would say things like me lol.
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/
Available during bitcoin have lower price you could purchase or invest only $1 every day, but how come when bitcoin cross more than $7k how worth with $1 for investing in bitcoin, although five years is not worth during bitcoin have on the top price, maybe when bitcoin still under $300 is very higher value investing about $1 every day.Of course, this doesn't involve transaction fee but still, it was just 1$ 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/
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If you want to invest somewhere for a long time then Bitcoin is the perfect place for you. But the fact is that very few people are interested to invest in Bitcoin for the long run. Most of the people want to invest a lot of money and take out the profit in a very short period of time.
"Investing $1 each day" This is really a good Idea. We should plan for the long term only then we can be real beneficiaries.
"Investing $1 each day" This is really a good Idea. We should plan for the long term only then we can be real beneficiaries.
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