Investing 1$ every day in bitcoin over the last five years

[Oasisman]

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.

Absolutely a good idea. I lost interest in saving from the banks, once I had savings account and became dormant for 6 months. I was surprised when I tried to withdraw my remaining balance and it turns out to be almost empty. Charging you for having a dormant account is just a terrible idea.
So, as of now I'm doing the savings and long term investment to my cold wallet. Since I don't have a plan to have loans in the banks either.

[1714078946]

1714078946

[bering]

1$ is small amount and some people never considering invest at bitcoin with that amount because too low but never cross in my mind if we done it consistently for 5 years or more then people will have over than $20k in bitcoin however i read the article and for the transactions fees people have to spend over than $1000 for transactions purpose and if bitcoin not increase rapidly in the future i'm not sure the profit from long term hold could be covered the fees

[Pffrt]

That's an interesting way to do it, but the article doesn't mention the steps.
In my opinion it was successful because it was done 5 years earlier where we know the price of BTC is now higher, if done now maybe many will doubt it because we do not know the future prices.

In other video he has shown what if people had followed DCA method since the all time high, some thinks it will be loss but in reality, they would be in profit. DCA is always a popular method for investing in less risky investment. If you are following DCA for 2 or more years, most times you will be in profit.

[TitanGEL]

If your goal is to accumulate bitcoin then for me investing 1$ per day is not a good strategy. I prefer you to invest in monthly basis than daily basis to lessen the risks and the hassle but there are disadvatages in doing that kind of strategy. For me the best time to accumulate bitcoin is when there is successful breakout that happened. I'm a type of trader that focusing in protecting the capital and that is why I have good risk and management. Investing everyday is kind of strange strategy where the chances of gaining is only small.

[lienfaye]

If I did this strategy few years ago probably I earned by this time, but my mindset and belief now is different from before thats why I didnt give much attention to bitcoin and other alts when the price is still cheap to buy.

Now im trying to save from the earnings I get weekly from the campaign that im currently in and im buying if I have spare money to buy additional coins.

Indeed its way better to invest in crypto rather than saving your money in the bank because of the return even it takes months or years.

[maydna]

That will be a great idea to invest every day in bitcoin and using $1 as the investment will give you a chance to have a bigger profit in the next few years. But if you invest in now, I think you need to wait for more because your profit will not be bigger if you invest in the past few years as we know that bitcoin has started rising since the last year. But that still a great idea as you invest in the right coins in the cryptocurrency because we will see the increase of the bitcoin price this year or the next years.

Perhaps, you can add more money to invest in bitcoin and not just use $1 only because that will need a long time before you can save your money in bitcoin in a big amount of bitcoin. You can use $10-$25 every week to invest in bitcoin, so in a month, you can save at least $40-$100 in bitcoin. And if you can do that for more a few months later, when bitcoin increase so high, you will see your investment value will become bigger.

[joniboini]

If your goal is to accumulate bitcoin then for me investing 1$ per day is not a good strategy. I prefer you to invest in monthly basis than daily basis to lessen the risks and the hassle but there are disadvatages in doing that kind of strategy.

The context of the article is not about which strategy is good but shows that investing in Bitcoin even for a small amount might give you great profits.

The '$1 per day' rule can also translate to '$30 a month" or '$360 a year', so it doesn't really matter. Obviously buying $1 a day is inefficient and might cost you extra fees than a single $30 market buy.

[yazher]

Oh my goodness made, I went through this article and I am just speechless. I was wondering like what if I could have did the same...that's remarkable see how people are coming with different thinking when it comes to savings, would you believe??? Well this is what crypto returns you while you invest in Bitcoin.

You don't need to say it everyone wants to do the same but it's too late to start because it's been 5 years since that day. I wonder if we could grab this opportunity and do the same thing. Not every day but every month will do, let's just increase the funds I think somewhere 20$ a month starting today. If BTC will continuously increase its price on the market then today is a good way to start.

[Strongkored]

That's an interesting way to do it, but the article doesn't mention the steps.
In my opinion it was successful because it was done 5 years earlier where we know the price of BTC is now higher, if done now maybe many will doubt it because we do not know the future prices.

In other video he has shown what if people had followed DCA method since the all time high, some thinks it will be loss but in reality, they would be in profit. DCA is always a popular method for investing in less risky investment. If you are following DCA for 2 or more years, most times you will be in profit.

Oh I don't watch the video just think that what is shown on the video will be the same as the one in the article.
My understanding is that the DCA investment strategy is to buy a lots at low prices and buy less at high prices while what the article says is to invest $1 a day in 5 years, and in my opinion the timeliness of starting an investment in $1 a day will also determine profit if it starts when BTC prices at ATH prices will be different.

[davis196]

Yeah,but 5 years ago,the Bitcoin price was under 1K USD(it was 500-600USD,if I remember correctly) and nobody back in 2014-2015 was expecting Bitcoin to hit a price above 10K USD.
Buying BTC for only $1 every day isn't a very smart choice as well,because of the transaction fees and the simple fact,that no BTC seller will sell you only $1 worth of BTC,because it looks pointless.

[chip1994]

This is one of the methods of becoming everyone's future financial freedom. For potential asset types like bitcoin, investing in bitcoin every day is a smart choice. instead of depositing our money in bank savings books, it only yields an interest rate of 4-5% per year, which is too little. This is also a lesson that knowledge of investment often brings us wealth if we invest on a regular and regular basis. Not only with bitcoin, some technology stocks in the US will also bring a lot of profits for us.

[NavI_027]

Yeah,but 5 years ago,the Bitcoin price was under 1K USD(it was 500-600USD,if I remember correctly) and nobody back in 2014-2015 was expecting Bitcoin to hit a price above 10K USD.
Buying BTC for only $1 every day isn't a very smart choice as well,because of the transaction fees and the simple fact,that no BTC seller will sell you only $1 worth of BTC,because it looks pointless.

Yeah I agree so invest of directly doing crypto savings, do it weekly or monthly . You could save $1 everyday, put first in a safe place and when it finally accumulates after a month/week then that's the best time to convert it to btc (at least you made the most out of the transaction fee). Do I have a better plan, what fo you guys think ?

[sana54210]

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.

Absolutely a good idea. I lost interest in saving from the banks, once I had savings account and became dormant for 6 months. I was surprised when I tried to withdraw my remaining balance and it turns out to be almost empty. Charging you for having a dormant account is just a terrible idea.
So, as of now I'm doing the savings and long term investment to my cold wallet. Since I don't have a plan to have loans in the banks either.

Banks are actually good in terms of finance. They can financially back you in times you need money on hand or in case you need to start some offline business but keeping a dormant account in bank account without fulfilling their minimum criteria for each month might make us charge excess charges which might include maintenance charges, minimum balance not maintained charges, etc. That's why banks are not much preferred if we move onto bitcoins for our regular transactions.

If you have no desire to acquire any loan from the bank than why do you even use bank to store your money? Saving into bitcoins might also make us see a greater amount of the amount we saved in the future once you feel like the maturity date is approaching.

[Yatsan]

Yeah,but 5 years ago,the Bitcoin price was under 1K USD(it was 500-600USD,if I remember correctly) and nobody back in 2014-2015 was expecting Bitcoin to hit a price above 10K USD.
Buying BTC for only $1 every day isn't a very smart choice as well,because of the transaction fees and the simple fact,that no BTC seller will sell you only $1 worth of BTC,because it looks pointless.

Yeah, but I think the point of this post is to get us to see how important is investing in bitcoin. Even though, you are not actually gonna save 1$ per day but any amount of investing will work. Bitcoin price pumping is indeed a very good investment for every individual that want to invest. Bitcoin is continuously going up, although we all know that after a bull run there's gonna be a downtrend and that's normal, But as you can see after those downtrends bitcoin is still going up and the price of it is getting better.

[FanatMonet]

This is all of course very, very cool, only there is one small, very minor problem.
You can invest, see how your capital grows, but waking up in one day, you can see 504 Bad Gateway Timeout and say goodbye to your money.
And this is the worst thing for any person.

[Docnaster]

First of all, nobody has the time nor effort to invest $1 every day, that's just an unnecessary hassle.

You also forget that the market was very different in the first three of those five years compared to now.

There's actually a tool available that shows how much you would earn if you invested regular amounts in BTC: http://dcabtc.com/

Starting two years ago, and investing $1/daily would only yield around $1064 (compared to a $730 investment). Not that impressive really.

[Ailmand]

A portion of my savings goes to bitcoin since the last bull-market and I had saved a decent amount of crypto since then. If you will look in a bigger picture, and trust crypto in the long-run putting some of your money on it will be worth it.

I guess a lot of people had been accumulating bitcoin since it dipped. However instead of wasting your money for transaction fees investing 1$ a day, just save your money and invest it once you have accumulated enough. You'll be saving a lot of money if you would accumulate the amount of transaction fee you have to pay.

[imstillthebest]

investing 1usd per day is already alot to some especially if you are poor  .

we cant hardly save that amount but that amount can go thru our daily meals  . saving 1 usd in the last 5 years means alot not just by investing on bitcoin but investing it on bitcoin would be more better as it gives times 2 or times 3 returns  compare to when saving 1 usd alone   but who the heck on earth would risk thier 1 usd in btc when we are all skeptical on bitcoin that time  .

[DdmrDdmr]

This site lets you enter the dates, and perform a similar exercise:

https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2015
(gross earnings: 20.279,67$ -> same scenario as OP)

Other scenarios:
From ATH onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=December&day=17&year=2017
(gross earnings: 308,75$)

From 01/01/2019 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2019
(gross earnings: 178,77$)

From 01/01/2018 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2018
(gross earnings: 314,51$)

From 01/01/2017 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2017
(gross earnings: 1.639,48$)

From 01/01/2016 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2016
(gross earnings: 7.660,27$)

From 01/01/2015 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2015
(gross earnings: 20.279,67$ - repeated scenario for comparison)

From 01/01/2014 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2014
(gross earnings: 26.904,96$)

From 01/01/2013 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2013
(gross earnings: 80.103,94$)

From 01/01/2012 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2012
(gross earnings: 559.243,80$)

From 01/01/2011 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2011
(gross earnings: 2.705.493,35$)

From 18/07/2010 onwards: https://calculator.for-bitcoin.com/?amount=1.00&freq=day&month=January&day=01&year=2010
(gross earnings: 19.104.072,35$)

Note:
Gross earnings= Current value of BTC investment – gross cost
Gross cost= cost in USD on the date of purchase, not considering Fees (as is the exercise in the OP).

[RapTarX]

Buying BTC for only $1 every day isn't a very smart choice as well,because of the transaction fees and the simple fact,that no BTC seller will sell you only $1 worth of BTC,because it looks pointless.

Well, that was not example. Not necessarily it have to be exact $1. In reality, he has shown how much effective it is to follow the DCA method. Instead of purchasing $1 per day, you could have purchased $30 per month since the last 5 years. Result would be more impressive of course. Some may argue that BTC price was lower back in the day. But if you take the ATH into consideration as entry point, here's what would happen if you would have purchased BTC for $30 per month.