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Author Topic: Investing 1$ every day in bitcoin over the last five years  (Read 4815 times)
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April 12, 2020, 07:40:20 PM
 #161

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  Grin 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.

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April 13, 2020, 12:35:48 AM
 #162

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.

agree, it's never too late to do the same thing if you want to do it for the next 5 years. because bitcoin always continues to move in a very promising direction and continues to grow, it is true that you say that bitcoin will continue to move in the best position, especially now that bitcoin is still under $ 10K. which is likely to achieve a higher level will be realized soon.

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April 13, 2020, 01:25:20 AM
 #163

They have more advatanges of investing of bitcoin in the last few years ago but not the year 2017 when bull run happened.
Investing $1 everyday is good for the people who don't have enough budget to invest. What if you invest in 2009 when bitcoin is really low when price is like that your profit now is very high because price increase more than thousands times.
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April 13, 2020, 07:56:33 AM
 #164

They have more advatanges of investing of bitcoin in the last few years ago but not the year 2017 when bull run happened.
Investing $1 everyday is good for the people who don't have enough budget to invest. What if you invest in 2009 when bitcoin is really low when price is like that your profit now is very high because price increase more than thousands times.

Sometimes it is hard for some people to bring a large sum of money to invest especially when it comes to online investment,  so by just putting 1$ per day for a year will be something and at this same time nothing, in a you have invest $365 to it (if you do it everyday)
This is for those who are not comfortable put on large sum, or who don't have such amount, not a bad idea after all.

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April 13, 2020, 08:05:46 AM
 #165

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.

agree, it's never too late to do the same thing if you want to do it for the next 5 years. because bitcoin always continues to move in a very promising direction and continues to grow, it is true that you say that bitcoin will continue to move in the best position, especially now that bitcoin is still under $ 10K. which is likely to achieve a higher level will be realized soon.

It would be better to invest 1$ a day if you don't have big funds to invest in bitcoin as we can see in the thread you could still earn a big amount of profit with that.

But I'm sure that investing a big amount when the market price is dump would give you a bigger profit compared to this 1$ investment every day including the fees would surely could a lot. Investing when it is a dump and then sell it when the market is pumping and the reinvest again when the market is dump again would equal to a greater profit.
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April 13, 2020, 08:27:13 AM
 #166

Great post, it is just an inspirational message for everyone here in this forum, imagine by just investing 1$ per day you can have more than 20,000$ of bitcoin for 5 years, that is so big and if you have that kind of bitcoin you are considered as rich. The 1$ each day is just so simple for you, you can have that anytime so instead of spending it on something, try to make it more valuable by just investing it on bitcoin because in a long term of investing you will make money so much if you maintain doing it. Investing of 1$ per day is not just simple, you need some dedication and discipline to do that thing.
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April 13, 2020, 08:39:12 AM
 #167

They have more advatanges of investing of bitcoin in the last few years ago but not the year 2017 when bull run happened.
Investing $1 everyday is good for the people who don't have enough budget to invest. What if you invest in 2009 when bitcoin is really low when price is like that your profit now is very high because price increase more than thousands times.
if we talk about the past, it will indeed benefit. but, I think it's very difficult to survive to invest $ 1 every day. Well, I think most people who discuss this don't do that. we are eyeing investment in a short time or a long time. that's why they always ask about potential coins. if indeed this is beneficial, maybe those who intend to do so can do so from now on. besides that, the potential is also big, because halving will come soon.
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April 13, 2020, 01:58:38 PM
 #168

Oh yeah I should start to investing 1$ ever day now, maybe I can earn $20.405 like the video, or maybe higher than that? We can't know, only predict.

I think the real investor is like that's, invest a small amount money everyday but consistent. No matter the price is pump and dump, just believe in the future Cool

It is quite too good about his investment because first the market is volatile so having the low market price of the bitcoin you can now make a lot of profit by that like following the buy low and sell high movement. Next is good is you make an investment what you can afford because not all the time we have too much money and you can make investment even just one dollar only and that was good because you does not risk all of your money in making investment just having extra to make invest. Also if you bought that from five years a go while the market priceee of the bitcoin are still low it is a huge income for now because the price is the bitcoin today hits 7k dollars.

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April 13, 2020, 02:31:25 PM
 #169

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.
It is indeed better than depositing the money in banks. Banks just give about 5% in savings account (5% is rare too) whereas saving money in BTC can turn out to be really profitable. Saving 5% of your earnings is a good thing you do but I think 10% would be more better since you would be saving more in BTC which you can use yourself in future.

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April 13, 2020, 03:45:10 PM
 #170

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.
It is indeed better than depositing the money in banks. Banks just give about 5% in savings account (5% is rare too) whereas saving money in BTC can turn out to be really profitable. Saving 5% of your earnings is a good thing you do but I think 10% would be more better since you would be saving more in BTC which you can use yourself in future.

5% is very high interest rate and here in India, most of the banks are giving somewhere between 3% and 4% per year. But then you can't compare fiat currency with Bitcoin. Fiat currency have been around for many centuries and Bitcoin is just 11 years old. There is always an advantage for the early adopters and those who invested in Bitcoin during the early days got that advantage.

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April 14, 2020, 08:20:01 AM
 #171

The idea is great. Kinda sad I didn't thought of it but I guess it's never to late. The joke about smokers who wasted money on cigarettes now gets a new meaning, imagine investing 3$+ into BTC daily instead of buying cigarettes, that could amount to 200k in profit.
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April 14, 2020, 09:02:47 AM
 #172

To be clear, you could have done this experiment with just about any stock that out performed expectations. Do it with Netflix or Tesla and you'll see some good pay outs. Invest in Apple over the last 10 years and you'd be extremely wealthy. It's easy to play this game of picking and choosing how you "could have" made money and isn't particularly useful.

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April 14, 2020, 11:12:41 AM
 #173

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/


Nice post mate, this would be an inspirational post for everyone who want to make more money in the future and investing is the good thing that you should do for it, especially if you keep your money for the long time, invest more money for long time instead of short time because if you really believe on bitcoin, you should invest now.

A 1$ investment per day is really a big help for you to have a great future, imagine, by just keeping your 1$, you may earn so much money up to $20k bitcoin for five years, that is so big if you have amount of money like that then for sure you are now rich, you may now stop working because you have it all.
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April 14, 2020, 11:52:37 AM
 #174

No matter how small the value of money that we invest to buy bitcoin, will be worth in the future. So I totally agree investing $ 1 in bitcoin
can generate large profits. Even if we invest as much as $ 0.5, it can be very meaningful, so from now on start investing on bitcoin. This is
one of the easiest ways you can become rich, prove yourself if you don't believe.

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April 14, 2020, 12:15:37 PM
 #175

No matter how small the value of money that we invest to buy bitcoin, will be worth in the future. So I totally agree investing $ 1 in bitcoin
can generate large profits. Even if we invest as much as $ 0.5, it can be very meaningful, so from now on start investing on bitcoin. This is
one of the easiest ways you can become rich, prove yourself if you don't believe.
Not totally in the future just need to sell it in the right time, it's already few years since the last ATH of bitcoin and we still cannot reach the ATH of bitcoin or surpass it meaning investing in bitcoin for long term investment doesn't mean it is surely going to be a big profit to every investor I believed the right term to use is selling your bitcoin in the right time. Also, we cannot predict the highest market price possible before it undergoes a dump in the market so I would say the investment was just a gamble to everybody. Buying 1$ could give profit but more profit if you buy a big volume in a dump price.
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April 16, 2020, 06:55:44 AM
 #176

I support this idea. It might be a good idea.It can be a process of getting rich. It can create a saving mindset.Anyone can keep the process of getting rich this way.But what will be the action if the price of bitcoin is reduced by the increase.

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April 16, 2020, 08:05:51 AM
 #177

No matter how small the value of money that we invest to buy bitcoin, will be worth in the future. So I totally agree investing $ 1 in bitcoin
can generate large profits. Even if we invest as much as $ 0.5, it can be very meaningful, so from now on start investing on bitcoin. This is
one of the easiest ways you can become rich, prove yourself if you don't believe.

The presentation is quite an encouragement for all crypto users to do that kind of investment strategy. It is like saying to you not to take your daily take out of coffee or lunch and instead invest it in bitcoin. You can also save by preparing your own lunch and not buy in a fancy resto. But don't expect too much from it, so when the time comes of checking how much your investments resulted to, you will be genuinely happy if it really does become fruitful.

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April 16, 2020, 08:21:20 AM
 #178

I support this idea. It might be a good idea.It can be a process of getting rich. It can create a saving mindset.Anyone can keep the process of getting rich this way.But what will be the action if the price of bitcoin is reduced by the increase.
Do not expect to just get rich once you follow this strategy or as soon as you start investing in bitcoin, I'll quote a popular line and it's that: "Bitcoin is not a get rich quick scheme". If we are to assume that you are new, always remember that. Take for example OP gave an instance of five years using his strategy; that's how much patience you need as an investor. If you make getting rich quick your aim, I am afraid you will not be able to cope with the volatility of bitcoin(and you'll always be moved by FUD & panic)

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April 16, 2020, 08:47:23 AM
 #179

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  Grin 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.
This is much better to start now because of the low market value this means our 1$ a day will have a big value in bull market.

But when Bitcoin comes across 20,0004 or more then our 1$ would be a tiny part of Bitcoin But of course if price continue to Gain in future things will be change.

I have been doing thing like this but not totally the same because what i am investing are the money i earn from my sidelines or extra Jobs ,i segregate the amount for my family and me because we have separate accounts for future use.

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September 17, 2020, 08:08:09 PM
 #180

Personally, I believe that attempting to invest $10 per week into bitcoin would be much more of a practical idea than investing $1 per day in terms of fees, attempting to be a bit more pragmatic about the whole situation of managing your time and perhaps trying to strategize, learn and frontload the BTC investment by going above and beyond the minimum $1 per day psychological goal that initially gets set.   I am not poo pooing the idea of making sure to achieve an average of $1 per day, but a wee bit of a supplement to that idea.

Let me attempt to explain.

Of course, part of the ease of the suggestion of investing $1 per day is that it allows a bit of a speculation that a large number of people (even poor people) are going to be able to handle $1 per day, and likely would be able to invest $1 per day without even missing that $1 per day, even if s/he comes from a relatively poor location. 

Therefore, I completely agree with the concept that almost anyone should be able to get to a point to be able get their finances in order to such a degree that they are able to average invest $1 per day into bitcoin and to maintain his/her standard of living (I recognize that there are exceptions to this idea too, in terms of really impoverished people who are NOT able to save anything and also who are considerably in debt or they have not figured out ways that they can assure that their income is greater than their expenses - that would allow to be able to save).

Part of the problem continues to be that a dollar is hardly even worth anything (even though it does add up on a daily basis).  The dollar has been going down in value forever.
 Sure, going down in value is a kind of philosophical way that money had been created (or at least used in modern times) (although relatively speaking the dollar has held its value quite a bit better than a considerable number of other fiat currencies), the dollar continues to go down in value and it is almost inevitably going to continue to go down in value. 

In my thinking, it seems much better to attempt to manage a bit of a higher amount (not just $7 per week, but $10 per week - a nice round number that gives some extra learning cushion to both make sure to invest an average of a dollar per day and to learn along the way how to attempt to satisfy gambling desires and/or self constraint with the extra budget). 

Of course, many of us likely recognize some practicality difficulties with unbanked or quasi-unbanked people is that they might have some difficulties finding ways to actually accomplish small daily or weekly investment amounts.  They have to find a way to do it.  Some kind of an exchange, so it could be quite possible that they might need to establish some kind of an account and then deposit some kind of higher amount, such as $100 and then to just draw from that amount on a daily or preferably weekly basis in order to achieve their investment goals and then replenish the account from time to time (and maybe even withdrawing some of the value from time to time, too in order to learn how to manage their private keys rather than keeping their coins on an exchange that might exit scam them).

Of course, I personally like the idea of a minimum investment timeline that is at least 4 years, which is the time of the halvening periods in bitcoin, and of course, a bit of a longer of an investment timeline that is anywhere between 5-10 years or even longer would be even better - while, of course, attempting to preserve a vast amount of discretionary aspects and control for the individual to override his/her prior decision to invest by choosing to liquidate at any time that s/he wants to; however, part of the discipline of investing is to make sure and to ensure that the investor gets his/her financial house in order before s/he is even able to invest. 

For anyone investing, such investing goals should create an incentive to organize ones finances, and such organizing of ones own finances is likely empowering in and of itself.  Once your finances are in order and you are able to assure yourself that you are able to invest $1 per day or $10 per week or whatever happens to be your chosen amount, then if any emergency comes about, you should have already made a plan to ensure that you have funds and resources that you can draw from somewhere else, and you should not have to draw from your bitcoin investment, even if you run into an emergency.  The only time that you should draw from your bitcoin investment would be at a time that is completely of your own choosing - rather than NOT being adequately prepared for an emergency.

By the way, many of us should appreciate that emergencies are almost inevitable, and emergencies become even more inevitable if your finances are not adequately in order before investing in anything, whether bitcoin or other investments.  So, making sure that your cash flow and finances are in order remains a very important thing to accomplish before investing in bitcoin or anything else.

So, we can see from the DCAbtc website that a $1 per day DCA for the past 5 years did not look very different from a $10 per week DCA for the past 5 years.

You can see from the graphs, that both of those approaches would have completely outperformed gold and the stock market during that period. 

$1 per day produced the accumulation of 1.35 BTC and achieved a 661% (about 6.6x returns)

$10 per week produced the accumulation of 1.95 BTC and achieved a 669% (about 6.7x returns)

I am suggesting that the $10 per week provides more cushion - because there could be ways to just invest $7 per week no matter what, and then to attempt to be strategic with the remaining $3 by choosing either to invest that $3 right way or to carry over the $3 to subsequent weeks - and in that regard, developing a bit of an extra cash reserve that could be used for buying on dips. 

So, for example, maybe every week you would decide that you are going to buy your BTC on a certain day of the week (some services will allow you to accomplish that automatically, or you can manually perform such BTC buy every week, if you were to choose), and you want to kind of watch the BTC price in order to strategically buy some more with the extra $3 per week that is in your budget, and maybe after 4-6 weeks you have not used the extra $3 per week to buy BTC, and you end up having an extra $12 to $18 that you can strategically attempt to buy BTC with at a later date, if a BTC price dip were to come.. or for some other reason that you had used that money as a kind of way to attempt to monitor the BTC price movements and attempt to learn about such movements and to learn about yourself, which could take several years to get some ideas about how to feel more comfortable managing the base portion that is invested every week no matter what and the other portion of your value that is attempted to buy BTC on dips - or some other strategic approach to use with the extra amount that you had determined is in your budget.

Of course, we have to deal with ESG, KYC & AML, but each of them are attack vectors on Bitcoin to be avoided or minimized.

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How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
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