carlisle1
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February 10, 2020, 01:12:36 AM |
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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.
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LoyceV
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February 10, 2020, 10:52:56 AM |
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Although interesting, it's not what I was looking for. 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 m BTC) 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).
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buwaytress
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February 10, 2020, 11:34:39 AM |
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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!
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antex
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February 10, 2020, 06:39:33 PM |
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it seems to me it doesn’t matter exactly how much you invest in bitcoin, the main thing is that you do it
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LoyceV
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February 10, 2020, 08:25:47 PM |
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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.csvNote: 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 11.64958062 BTC. 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 obviousEarly 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 adviceI don't do that! This graph is based on historic data, if I'd know the future, I'd be rich!
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xvids
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February 11, 2020, 11:07:03 AM |
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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.
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Last of the V8s
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Be a bank
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February 11, 2020, 11:56:38 AM |
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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?
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vermigerous
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February 11, 2020, 12:05:19 PM |
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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!
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Question123
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February 11, 2020, 12:13:02 PM |
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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.
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Debonaire217
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February 11, 2020, 01:28:39 PM |
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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.
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barumbado
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March 27, 2020, 12:11:09 PM |
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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.
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Sircoss
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March 27, 2020, 02:23:54 PM |
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I just need to see the graph of bitcoin price growth over 5 years to understand that it is the best investment.
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Questat
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March 27, 2020, 02:33:17 PM |
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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.
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therandomass
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March 27, 2020, 02:38:33 PM |
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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
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Vishnu.Reang
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March 27, 2020, 03:45:15 PM |
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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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thesmallgod
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March 27, 2020, 03:55:17 PM |
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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
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fiulpro
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March 27, 2020, 04:26:01 PM |
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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 .
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so98nn
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March 27, 2020, 04:54:37 PM |
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snip
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 ?
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