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

[shark1006]

This is an extraordinary idea to make bigger things from a tiny way! Even if we follow this idea from today then in 2025, we will have huge profit for sure. I wish I can convert Bitcoin easily without fee or with less fee. Because in my country dealing Bitcoin openly is a crime nowadays.

It is sad to hear. I am very sorry for the people that live in countries prohibited Bitcoin.
However, you are not attached to the place of residence and you can move, then the idea of accumulating $ 1 per day will become real and you will be able to invest =)

[ScamViruS]

This is a great idea. But I miss this opportunity. So now I am wondering where Bitcoin will go in the future. Correcting all the previous mistakes and now I have a plan for Bitcoin. Now every month I buy a few dollars worth of bitcoin. Now if I buy $ 100 worth of Bitcoin a month, how many dollars will I have after five years? Now that's how I think. Hopefully, I will get good results this time by learning from past mistakes.

It should be less than if you invested 100$ 5 years ago. 5 years ago bitcoin was like 500ish $, so of course what OP posted looks amazing, but past performance is certainly not indicative of the future. In fact, if you have paid attention, bitcoin increase in value is slowing down overtime. Yes it still goes up, but less and less.

I think I still have a chance. Because I buy every month with my extra money. I bought it like this before. But unfortunately I lost almost all Bitcoin. I'm definitely thinking of long term buying. Hoping that something good will return for me in the future. Last year when bitcoin was $ 5000. Since then I've been buying. My target is to buy until ATH. We all know the future of Bitcoin is bright. So why should I not buy? There is still time left to create new history.

[abel1337]

~snip

It should be less than if you invested 100$ 5 years ago. 5 years ago bitcoin was like 500ish $, so of course what OP posted looks amazing, but past performance is certainly not indicative of the future. In fact, if you have paid attention, bitcoin increase in value is slowing down overtime. Yes it still goes up, but less and less.

I think I still have a chance. Because I buy every month with my extra money. I bought it like this before. But unfortunately I lost almost all Bitcoin. I'm definitely thinking of long term buying. Hoping that something good will return for me in the future. Last year when bitcoin was $ 5000. Since then I've been buying. My target is to buy until ATH. We all know the future of Bitcoin is bright. So why should I not buy? There is still time left to create new history.

Every day is a chance as long as you believe in bitcoin about its future, Many of us believe that bitcoin will let us earn a lot of profit someday and It happened to me on ATH around last quarter of 2017, Everyone is crazy during the bull run before and it makes everyone wants to buy bitcoin then a bear market appears, That's the point that many starters want to earn profit got their mind steered up and blame bitcoin for the lose. We need to make a smart move on investing and I think investing 1$ per day is a good move if it is for a long hold. I am starting up to save as much bitcoin as I can. Halving will come up soon and I'm ready for the result whether it is a bull market or a bear market.

[sniveling]

This is a simple accumulation of funds. Many spend $ 1 on trifles every day, but it turns out that for 5 years collecting at such a small amount you can get an excellent profit in Bitcoin

Personally, I don't see the point in investing $1 every day in Bitcoin, it's better to save and invest more money at the bottom of Bitcoin, for example $50-100.

[LoyceMobile]

I'd like to see this as a graph,  with a rolling starting date, up to today. This should show when was the best time to start investing a dollar per day, but I'd be especially interested to see if there's a starting date that puts you at a loss after 5 years.

LoyceV make this!

[South Park]

No one could've followed these kind of calculated savings on bitcoin for such a long time period of five years. Before five years people weren't much aware of bitcoin as now. Maybe from now onwards saving $10 in bitcoin considering the 2024 halving will get good earning out of it.

Same as bitcoin I believe there more chances for the top listed altcoins to give good profit out of the investment. Small droplets make an reservoir. With bitcoin same can be experienced with the small amount of regular savings giving a big return.

Of course it could have been done, there are many people in the forum that invest in bitcoin whatever they have left of their paycheck every month, that basically amount to the same strategy that the OP is proposing with the difference that instead of doing daily transactions you do them monthly, and even with the high prices of bitcoin this is a strategy that will keep working as the price of bitcoin cannot do anything but to go up in the long term as the halvings come and governments keep printing money.

[vella85]

For the long term this is a very good idea as most of us expect Bitcoin to rise a lot higher then it is today. Another suggestion would be to also claim Bitcoin from faucets and stack up them sats no matter how much you can claim. People think its a waste of time however people were saying this years ago when BTC was $200 and you could claim a few hundred sats to over 1k sats per claim. Now that is worth a lot more so if you believe Bitcoin is going to 100k or 1 million then putting $1 a day into BTC and claiming from faucets can be well worth it in the long term. By the way you could also help boost your Bitcoin holdings by putting them into a trusted site where you can earn some interest on your Bitcoin. Remember that every little bit helps and adds up fast if you have the right mind set to stick with it and be patient.

[bitbunnny]

I'd like to see this as a graph,  with a rolling starting date, up to today. This should show when was the best time to start investing a dollar per day, but I'd be especially interested to see if there's a starting date that puts you at a loss after 5 years.

LoyceV make this!

Exactly, it would be nice to see how this looks like when it's drawn, in.some graph and how this investment was developing. Of course, there were good times and bad times for Bitcoin price over that five years and it would be nice to see how that influenced the investment in general.
I have to say it's an interesting idea to have such disciplined way of investment of exact same amount during rather long period of time, I don't think there are many such investors.

[bryant.coleman]

Going by this method, if you invest $1 per day for 5 years, you will be left with a profit of $20,405 (on investment of $1,858).

I am someone who had the fortune of purchasing Bitcoin in its infancy. When I purchased BTC, the exchange rate was around $10 per coin (by the end of 2012). If I had held on to my investment, then my $150 investment could have grown to $150,000.

What I am trying to point out here is that you need to invest in Bitcoin as soon as you can, using whatever amount that you can afford. The exchange rates are going to rise with every passing day, and the daily investment method will not be very effective in that case.

[KnightElite]

Going by this method, if you invest $1 per day for 5 years, you will be left with a profit of $20,405 (on investment of $1,858).

I am someone who had the fortune of purchasing Bitcoin in its infancy. When I purchased BTC, the exchange rate was around $10 per coin (by the end of 2012). If I had held on to my investment, then my $150 investment could have grown to $150,000.

What I am trying to point out here is that you need to invest in Bitcoin as soon as you can, using whatever amount that you can afford. The exchange rates are going to rise with every passing day, and the daily investment method will not be very effective in that case.

That strategy is called dollar cost averaging but it is daily basis, yes it is risky but that kind of strategy is effective especially if the market have growth. I do not prefer investing per day because of the fees, it is better if it is on weekly basis to lessen the fees. I tried to do Dollar Cost Averaging before but it is in stock market, I earned around 60% in less than 1 year by doing DCA. I already planning to do it also in the cryptocurrency market in this current year.

[Darker45]

Going by this method, if you invest $1 per day for 5 years, you will be left with a profit of $20,405 (on investment of $1,858).

I am someone who had the fortune of purchasing Bitcoin in its infancy. When I purchased BTC, the exchange rate was around $10 per coin (by the end of 2012). If I had held on to my investment, then my $150 investment could have grown to $150,000.

What I am trying to point out here is that you need to invest in Bitcoin as soon as you can, using whatever amount that you can afford. The exchange rates are going to rise with every passing day, and the daily investment method will not be very effective in that case.

Practicality-wise, I don't think it is really a nice strategy to invest in Bitcoin on a daily basis. Yes, it is profitable. Of course, because Bitcoin has always been consistently rising in the longer term, especially if you started investing in it when the price was less than 50$ per BTC. But, as for me, I'd prefer to save up that $1 daily while monitoring the price of Bitcoin. That saving accumulates over time and by the time the price of BTC dips I would buy and leave it whether the price dips even more or rise.

You are very lucky you got to know Bitcoin very early. I came in crypto a bit late. I had my first Bitcoins in 2016. It was cheap compared to its current price but at that time it was already considered expensive because it was compared to its prices years earlier. It was priced at hundreds of USD but instead of acquiring much, I sold them little by little and started buying back as the price is also rising. Who would have thought that BTC would even hit ~$20,000? But I have now learned my lessons and developed stronger hands.

[bryant.coleman]

That strategy is called dollar cost averaging but it is daily basis, yes it is risky but that kind of strategy is effective especially if the market have growth. I do not prefer investing per day because of the fees, it is better if it is on weekly basis to lessen the fees. I tried to do Dollar Cost Averaging before but it is in stock market, I earned around 60% in less than 1 year by doing DCA. I already planning to do it also in the cryptocurrency market in this current year.

Dollar cost averaging is perfectly suited for the stock market. I have also tried it, and gained from it. But the same can't be said about the cryptocurrency market, because it is very different in all aspects from the stock market. In the stock market, you can easily calculate the fair valuation of a stock, based on its financials and future growth potential. You can check EPS, P/E.etc for the stocks to calculate this. But no such parameters are available for Bitcoin. I am not saying that DCA can't be used in the cryptocurrency market, but I am just hinting that it may not be the perfect strategy there.

[Gheka]

For the long term this is a very good idea as most of us expect Bitcoin to rise a lot higher then it is today. Another suggestion would be to also claim Bitcoin from faucets and stack up them sats no matter how much you can claim. People think its a waste of time however people were saying this years ago when BTC was $200 and you could claim a few hundred sats to over 1k sats per claim. Now that is worth a lot more so if you believe Bitcoin is going to 100k or 1 million then putting $1 a day into BTC and claiming from faucets can be well worth it in the long term. By the way you could also help boost your Bitcoin holdings by putting them into a trusted site where you can earn some interest on your Bitcoin. Remember that every little bit helps and adds up fast if you have the right mind set to stick with it and be patient.

Well, this idea will become a good idea on the condition that the value of bitcoin remained low for those five years but we've been observing bitcoin for a long time, the value of each year tends to go up or sometimes if it goes down, that's still a relatively high price, and with the savings of just $1 per day for bitcoin, we cannot have the optimal profit with this strategy, this strategy has not worked right now. $1 is too little, instead of being so patient, why don't we try to invest more in the times when bitcoin has a low price, I believe we can see a lot of such times in five years

[Asuspawer09]

Going by this method, if you invest $1 per day for 5 years, you will be left with a profit of $20,405 (on investment of $1,858).

I am someone who had the fortune of purchasing Bitcoin in its infancy. When I purchased BTC, the exchange rate was around $10 per coin (by the end of 2012). If I had held on to my investment, then my $150 investment could have grown to $150,000.

What I am trying to point out here is that you need to invest in Bitcoin as soon as you can, using whatever amount that you can afford. The exchange rates are going to rise with every passing day, and the daily investment method will not be very effective in that case.

Practicality-wise, I don't think it is really a nice strategy to invest in Bitcoin on a daily basis. Yes, it is profitable. Of course, because Bitcoin has always been consistently rising in the longer term, especially if you started investing in it when the price was less than 50$ per BTC. But, as for me, I'd prefer to save up that $1 daily while monitoring the price of Bitcoin. That saving accumulates over time and by the time the price of BTC dips I would buy and leave it whether the price dips even more or rise.

You are very lucky you got to know Bitcoin very early. I came in crypto a bit late. I had my first Bitcoins in 2016. It was cheap compared to its current price but at that time it was already considered expensive because it was compared to its prices years earlier. It was priced at hundreds of USD but instead of acquiring much, I sold them little by little and started buying back as the price is also rising. Who would have thought that BTC would even hit ~$20,000? But I have now learned my lessons and developed stronger hands.

You have your point investing your bitcoin when the market is on the downside is surely more of a good strategy than investing in bitcoin on a daily basis the market could completely decrease your profit because the market is moving and so volatile even in every moment so that also be a disadvantage. But this could be an easier way to invest since we cannot invest a big amount of money all the time sometimes we don't have money to invest to it could be a great thing if you could save your money and just invests in bitcoin when the market is a dump.

[o_e_l_e_o]

LoyceV make this!

Already exists: https://dcabtc.com/

[qory]

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.

[Swordsoffreedom]

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.

[mersal]

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.

We can't bring back what is past but it doesn't mean we can't make profits anymore.If you have patience you will have the profit as well.It is not possible to invest on everyday due to fee and minimum trade amount but if we saved that money and bought every month or two then surely we can able to do this.

[Provocateurs]

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.

[Bitcoinislife09]

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.