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

[conhela]

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 .

I actually like this idea a lot, and to make it more practical, why not buy $30 worth once a month, wouldn't it work similarly and reduce the brunt of the fee cost? Receive a paycheck and buy yourself a couple beer sixpacks worth of Bitcoin. Money well invested

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[joinfree]

Damn! never thought about this I need to buckle up during this recession and accumulate for myself bitcoins at its cheaper rate. it's never late until the life in us is take away. #HODL!

[Sadlife]

People underestimate Bitcoin because they think it doesn't have fundamental value that's why most people/investors undermines it without knowing it could be available just as stocks, bonds, precious metals.
And know with the stock market collapse, people are panicking where to put their money. For me, i will invest Bitcoin in a dip cause i know it could potentially replace Fiat.

[Arkann]

I believe that it is only theoretically possible to implement this idea, since it is necessary to take into account the cost of transactions, as well as the minimum deposits and minimum amounts for withdrawal and minimums for transactions in exchangers.  Spending one dollar a day will not work, and in any case, you will have to spend a significantly larger amount.  Theoretically, the idea is really good, but impossible.  For example, every month I spend a certain amount of personal funds to buy Bitcoin, regardless of its value, and I have been doing this for several years.  In any case, I expect the final result, which may appear in a few years.

[Pronzegirl]

Of course this is true. Over the years, bitcoin investment is a successful deal in the long run, with which great profits can be achieved due to forecasts that the value of the currency will rise in the future, which affects the rate of bitcoin investors and make them grow permanently. It is truly a great thing.

[Gozie51]

Of course this is true. Over the years, bitcoin investment is a successful deal in the long run, with which great profits can be achieved due to forecasts that the value of the currency will rise in the future, which affects the rate of bitcoin investors and make them grow permanently. It is truly a great thing.

Investing is good but going by op, investing 1$ daily in bitcoin, I don't understand the way he means that to happen. Getting a dollar bitcoin is free, it has to have some charges too which will not be profitable. People do save some amount in Fiat daily but for bitcoin, it isn't going to be easy with such small amount.

[crustycrab666]

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...

This is like an investment strategy Dollar-Cost Averaging (DCA), every day or in a certain period to collect assets with the same nominal without regard to price fluctuations, very effective for the long term. Moreover, bitcoin has a good chance for it. This is one of the safest and easiest strategies for newbies, it's just that it takes patience because it can't be instant profit, it takes time. As TS discussed, it takes five years to achieve that profit, worth it. Please try, can be an alternative for current ways to save

[OrangeII]

People underestimate Bitcoin because they think it doesn't have fundamental value that's why most people/investors undermines it without knowing it could be available just as stocks, bonds, precious metals.
And know with the stock market collapse, people are panicking where to put their money. For me, i will invest Bitcoin in a dip cause i know it could potentially replace Fiat.

You can try the method that suits the title in this thread. if many people are afraid of storing large amounts of crypto, I think investing $ 1 a day won't panic. invest, and forget, and look at the next few years. Well, if you are able to survive with this, things told like in this thread will really happen to you.

[Flickkk]

Whata great strategy on earning. .
You dont feel that you lose money even the isn' t on your favor
But taking a good risk like that and just waiting might  have a great chance on getting profit..
Since that 5 years range  is where the bitcoin reached the peak of 20k $ .  Even though the price drop and still continue to invest dolar a day .
I might say it is not very bad because the amount of bitcoin will rise on every dolar . Even though the price is rough

[Questat]

Maybe at the first time bitcoin launching to public and invest $1 every day is more than enough, but how come if getting and save $1 in bitcoin today with price of bitcoin above $6k, how most worth is it and when we will be rich just put $1 in bitcoin investment.

We can expect that bitcoin will continue to rise, it maybe 1 usd now but if adoption will increase and the price will increase, that would be big in the future if it will be compounded. BTC at $6000 now might not look attractive, but what if BTC will increase x100 and price will be $600k in the future, that would give you a lot of money of that investment that you are not even feel the risk.

[xiboothrezi]

Investing is good but going by op, investing 1$ daily in bitcoin, I don't understand the way he means that to happen. Getting a dollar bitcoin is free, it has to have some charges too which will not be profitable. People do save some amount in Fiat daily but for bitcoin, it isn't going to be easy with such small amount.

You are right, so it is not effective because the value is too small and the accumulated fees for each transaction. The strategy is good, but maybe the interval is extended so as to minimize transactions, for example, BTC purchases are made every week or every month, with an accumulation of one dollar per day. IMHO.

[DabsPoorVersion]

I don't think that this will probably work on these days,

The fact that you can make a profit by investing a dollar every day is because it has been done over the past five years. Its price for the past five years cannot be compared to its current price and its movement today. So, if someone will start to invest today until the next five years, there is no guarantee of making a profit because its price is not the same as before when it is still affordable by everyone.

[Twentyonepaylots]

I don't think that this will probably work on these days,

I think it could still work these days since the bitcoin price is low, you can take advantage of the price of it until the pumping season begins.

The fact that you can make a profit by investing a dollar every day is because it has been done over the past five years. Its price for the past five years cannot be compared to its current price and its movement today. So, if someone will start to invest today until the next five years, there is no guarantee of making a profit because its price is not the same as before when it is still affordable by everyone.

If by chance I knew that we are going to be this high with bitcoin, I could have sold every thing that I have back then and buy a bitcoin. I'm going to be happy living in the streets with 5bitcoin in my wallet
lol. However no one have ever predicted it coming right? not until it reaches the $2000 price way back 2017 and the price pump continues. That time was very risky for every one since it was the first time that digital asset have gone too far even from this point.

[BChydro]

If by chance I knew that we are going to be this high with bitcoin, I could have sold every thing that I have back then and buy a bitcoin. I'm going to be happy living in the streets with 5bitcoin in my wallet
lol. However no one have ever predicted it coming right? not until it reaches the $2000 price way back 2017 and the price pump continues. That time was very risky for every one since it was the first time that digital asset have gone too far even from this point.

Everyone who understand the technology and economics knew that the market would rise as the market was in its infant state and it was just a matter of time and there were people who took the risk to invest in bitcoin during the initial few years and if you were able to risk then it paid off for many. Right now the price has grown considerably and if anyone jumps into the market making a fortune then that time is long gone but that does not mean that you cannot make a huge profit, the market will give you opportunity to make huge profit than any other market but the days of making a fortune is long gone.

[Zeke_23]

I don't think that this will probably work on these days,

I think it could still work these days since the bitcoin price is low, you can take advantage of the price of it until the pumping season begins.

I do agree, this might work right now if we will take advantage of the current price of bitcoin. And I am sure that there are many more times that its price will be lower and we can still make a profit. We also experienced that as time goes by, the price of bitcoin will continue to rise, it only means that we can still make a decent profit out of this kind of investment.

[Ailurophile]

It is inspiring to read but it would be hard to do for some people out there $1 isn't small amount.
And it would also depend on how much they earn per day and the cost of their living expenses so investing $1 everyday in Bitcoin could be a great idea to gain profit but really hard to do for others.
I would say that I also want to do it but right now I couldn't really invest that much maybe I would set for a much smaller regular investment.

[Asuspawer09]

It is inspiring to read but it would be hard to do for some people out there $1 isn't small amount.
And it would also depend on how much they earn per day and the cost of their living expenses so investing $1 everyday in Bitcoin could be a great idea to gain profit but really hard to do for others.
I would say that I also want to do it but right now I couldn't really invest that much maybe I would set for a much smaller regular investment.

Most of the time I guess buying at a low price and immediately selling the bitcoin when you this the market is not going to pump could earn you more than just investing straight for  long term investment. And then you could justs reinvest your funds in bitcoin when the market price is dump again and the repeat same process sells it again when the market price pump.

The movement of the market price of bitcoin is not easy to predict and we cannot predict it accurately but as we observe the market bitcoin market price is not going to increase all the time.

[noormcs5]

It is inspiring to read but it would be hard to do for some people out there $1 isn't small amount.
And it would also depend on how much they earn per day and the cost of their living expenses so investing $1 everyday in Bitcoin could be a great idea to gain profit but really hard to do for others.
I would say that I also want to do it but right now I couldn't really invest that much maybe I would set for a much smaller regular investment.

For some people investing 1$ may not be possible but this is not any hard and fast rule that you have to invest 1$. You can invest any amount in bitcoins daily. Even for a very poos person, he can invest 10 cents daily. It is better to have some portion of bitcoins collected by everyone because soon bitcoin will not be available at such cheap inexpensive prices.

[Krislaw]

Yeah, we all know investing in BTC is good but I am see some inaccuracy in the tweet if we are to follow the pattern.
Let's you want to invest 1$ every day for a month, on the first day, let's say BTC is at 1000$ you bought 1$ worth of BTC which is 0.001 BTC at that moment. Day 2, you woke and saw BTC at 1,200$, you bought another 1$ worth of BTC which is 0.0008333333 at that moment. Now you're having 0.0018333333 BTC.
If BTC goes back to 1,000$ you're having 1.8333333$ worth of BTC.
My point is you won't always get same fraction of BTC as the day before because the price changes and you're getting fraction of BTC worth the $ price at the time of purchase.
It's better you save better amount of dollars and buy bulk in my opinion.

[Sanugarid]

Not too late doing the same thing in the next 5 years, everyone can do it by setting aside a small amount of money in the pocket and then enjoying it in the long term, we don't know how bitcoin is in the future but one thing I believe is that bitcoin hasn't reached the peak of ATH.

Yeah, I also believe on this too. Maybe, just a maybe we'll going to thank that enormous problem has happened because it somehow paused the world for doing so much and so the cryptocurrency is behaving quite well now that we have a time to realize and prepare things like investing a dollar a day  the current price of bitcoin is not that bad to start investing, In fact that is a long free ride for everyone that wants to own a bitcoin.