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

[Leonardo7]

This requires discipline never to sell when there is a huge temptation to either sell for profit or swing trade. It's never going to be easy and it can be done and never too late. For someone who has a stable source of income can just pull out $30 every month for the investment plan and can even pay 6months up-front to avoid the many transaction fees and never to forget to daily buy bitcoin.

[Asuspawer09]

The point of this exercise is a form of dollar cost averaging, being consistent, and doing this every day or every month. For most people, they get paid twice a month, so they can do the buying every 2 weeks. Something the equivalent of maybe $15 every pay day, which is close to a dollar a day.

People should be saving more, and starting now (or as early as they can) going forward for the next 20 to 30 to 40 years. By the time they retire, they should have at least a million worth, assuming they never touched their coins.

This applies as well with traditional investments and is actually a very basic retirement plan, also safe and sound and more or less proven.

Saving bitcoin is a big challenge I try saving a lot of people as soon as I can but when it comes to emergency most of the time I will spend my savings and then going to be disappointed in the end.

I think it will be a great feature to have in a bitcoin wallet if we could have a wallet that has a timer when we cannot withdraw the bitcoin if the timer is still running. That would make saving bitcoin easy .

i start investing 10% of my monthly wages in Bitcoin and 3 other currencies more than a year now,and i can relate on this story as i am now in good profit(though i am still holding my coins up to now)
i still have no plans of getting out until my target Prices reached.
i trust crypto more than my Banks but of course i only limit my investments for my own safeties.though if this Halving Gives more than 2017 ?i will consider taking out my investments and wait when market falls down again to re invest.

For sure it is still not a good time to withdraw your investment, I just invest in bitcoin most of the time when the market goes down because I think it was more profitable when the market recovers in the end.

[7788bitcoin]

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 good investment if you are not jumping everything in rather than putting a small return during every pay check. I am usually a trader who plays along with the market sentiment and never considered bitcoin as a long term investment as the market is literally new and you never know what the market will be 10 years from now.  I am careful with my investment and i have made a huge profit in the market but that does not mean i will be putting all my dough into one platform, banks are there for a reason and if you are living in a good country with a solid government then there is nothing to worry in the long term.

[isaac_clarke22]

I wish I could've done that long time ago.
Maybe it isn't so bad even when I start doing that in 2017, like I was still starting to learn Bitcoin that year and I found out that its price even reached around 20k.
It is quite less of a risk since you aren't throwing all your money in it.
$1 in my country is like half a hundred already, so I don't think that I could invest in that amount daily that much.

[sapnu]

This is a very impressive thing if we just do it a long time ago, but for some reason many of us never thought of doing it.
If you are an active bounty hunter, you can also copy the same thing to save your income from the bounty campaign in bitcoin every time you get your reward.

Indeed, just imagine how much money you have invest doing that stuff for the last five years? We can say that $1 is such a small money for us but if we think that doing that every day or every week for the last five years is an awesome one. Since we all know that bitcoin or cryptocurency to be exact is a good investment.

This requires discipline never to sell when there is a huge temptation to either sell for profit or swing trade. It's never going to be easy and it can be done and never too late. For someone who has a stable source of income can just pull out $30 every month for the investment plan and can even pay 6months up-front to avoid the many transaction fees and never to forget to daily buy bitcoin.

Definitely, I don't actually think doing a thing like this before since I can earn in my own way but if I do, I think I got a lot of money right now. Being involved with bitcoin is a great idea especially when you are investing.

[iRaMMuS34]

I've done the same thing putting off 10$ every month for the last 2 years regardless of the price (ofc generally I bought during dips). No regrets

[Sadlife]

That's is why im accumulating bitcoins even though in small amount but atleast im investing it not spending for short term happiness or hobbies because i do believe that someday bitcoin could be even more valuable in the future, i still remember back in 2015 when it was only $200-$300 since then it just keeps increasing.

[smartbitcoininvestor]

Interesting observation...

I am glad that I am earning bitcoin every day with my favorite exchanges and forums.

I wonder what that would look like if it was expanded out to 10 years. 

[GreatArkansas]

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...

Regrets. Regrets always at the end. Just keep remember what other always said; It's never too late to own Bitcoin.
Especially when Bitcoin corrected below $4,000 last 2018, hell yeah.
Say if you bough $365 worth of Bitcoins in 2018 and average price is $5,000. It is almost double your 1 dollar everyday.
I already saw thid article before on twitter. It is really worth it.

Oh well, no one really knew that bitcoin will grow tremendously in the coming years so I'm sure majority of us here regret their decision not entering much earlier, specially for those who have heard bitcoin on it's early years. However, we still have the time to invest and see our investment grow in the next 5-10 years. So better accumulate and just hold and see everyone around in 2030  and here success story.

What comes to my mind earlier is this;
What if we will see again Bitcoin will fall again around below $4,000. I think those people who are telling now to buy once if will make some correction again or will dump again are BUYING or NOT? Hahahaha.
I also experienced this, like waiting for the exact price to fall but I am thinking hard if I will buy more or not since it is dumping, can't decide.
But these experiences will be lessons for me and for all who already experienced these.

[Reatim]

this looks something great and cheaper to deal with huh?

you have given me a best idea now how i can put funds to my Sons Wallet ,because i am planning to invest for His Future(of course aside from our funds for him) because we don't know what will happen for tomorrow and having this 1$ a day?thats cool.

i will start it by monday after the payday and will ask my wife to do the thing as i can forget it for sure because of too much work.

Thanks Mate.

[angrybirdy]

this looks something great and cheaper to deal with huh?

you have given me a best idea now how i can put funds to my Sons Wallet ,because i am planning to invest for His Future(of course aside from our funds for him) because we don't know what will happen for tomorrow and having this 1$ a day?thats cool.

i will start it by monday after the payday and will ask my wife to do the thing as i can forget it for sure because of too much work.

Thanks Mate.

This idea will only work with consistency. If you think that you can forget about the things like this, maybe it is best if you do this every week or every payday. Anyways, hope for the best for your sons, 

[Ucy]

This would actually be a good way to invest in Bitcoin/crypto... and many people could actually afford it considering the unnecessary things we spend our money on daily or regular basis.
The deduction could actually be automated in a wallet.    Imagine  getting paid salaries or earning income in stablecoin, and a dollar deduction from the stablecoin to Bitcoin/crypto is made on daily basis. When the stablecoin fund becomes insufficient, the deduction is postponed to another and the outstanding amount is deducted when  you receive sufficient fund in the stablecoin wallet. This will definitely be very useful to many.

[fullhdpixel]

This is a really good idea and it’s a process that I have applied to other areas like ordinary savings, though I have not looked at Bitcoin this way, I just invest big amounts anytime I feel like.

But, I have a savings account where I save around $1 or more every day and before the end of the year it is worth it. It would be cool if I do the same with Bitcoin and start saving smaller amounts everyday and bigger amounts occasionally and by the time I do this for long it might be a huge amount. And imagine you save up such an amount and then bull run takes place and that more than doubles.

[Bohxz M4p4gm4h4l25]

This is a great investment for 1$ a day was affordable for a normal person spending a hundred dollar for food and other things. This was a good discipline also for ourselves to atleast save some amount of money we have and not always spend it. Although this can be risky, with this small amount a day you will never notice it.
With relation to this topic, knowing what is the difference between asset and liabilities are the one we should know.

[UserU]

Guess that many of us have never thought of investing a dollar a day, but who would do that everyday without fail? Back in 2016 when I purchased some Bitcoin without knowing WTF it was and just left it sitting in the dark until the boom and saw a nice little surprise.

At least I'm now saving the weekly Sats from the sig campaigns and let it earn interests.

[Novatech8]

Do you know how difficult this will be for most people?  because most people lacks that kind of patience, they love quick actions rather than sluggish styles, to be honest it should be easy since its just a 1$ but many have the impossible mind lol

[Shasha80]

Indeed, the fact that investing enough $ 1 in bitcoin will make you rich. It's easy to get rich, but in practice it's very difficult.
Because it does require a strong intention in this matter, I also try to do the same thing. But for me it's still too hard investment
of $ 1, so I reduce it to $ 0.5 per day. Hopefully I can consistently invest this way for the next 5 years. Because it's never too late
to start investing.

[millionaireshs]

I believe that everyone can save atleast 1$ a day. This is just  a small amount compared to what an average people are spending. I like the idea of saving 1$ for a cup of coffee Haha since I love to drink coffee everyday. Aside from eliminating possible results of multiple cups of coffees, we could rather save and invest it into Bitcoin. This will probably my hobby now. 

[The Sceptical Chymist]

Regrets. Regrets always at the end.

Yeah, tell me about it.  I wish I still had all the bitcoin I'd bought in 2015 when it was well under $1000.  That's why I hate spending bitcoin and stopped doing so quite some time ago.

I get the point of this article, but it's cherry picking the data just a little bit by choosing a specific 5-year time frame that shows what are probably the best results.  You could do a similar thing with stocks, too, by picking a particularly profitable 5 years of a stock that's been around a long time, so I'm not impressed.  I know damn well bitcoin has been a money maker from its inception--and it's too bad I'm left with my little regrets of selling out early, but on the other hand I don't think the good times are over by any means.

[bryant.coleman]

I would not read too much into it. If you check the calculations, you can see that the maximum gains were accrued over the first two-three years, when the exchange rate was as low as $220 per coin. You can't expect the same level of returns now, as Bitcoin market is more mature and is already having a market capitalization of close to $180 billion. Since it is already having a large baseline value, it is not realistic to expect Bitcoin to give the same sort of returns that it gave in 2013-15 period.