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

[MCobian]

What makes Bitcoin so attractive is one of its volatile prices, so it's different from other investments. Bitcoin has the opportunity
to provide much greater profit. Although no one has ever known when events in 2017 could happen again. But many Bitcoin holders
don't really think about it, the most important thing is to collect as much Bitcoin as possible, and hold Bitcoin until the Bitcoin price
returns to the all time high price like what happened in 2017. So investing $ 1 in Bitcoin every day can be an option, so you don't feel
heavy when investing in Bitcoin. But small things like that can have a big impact later on.

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[JayJuanGee]

I do not believe that this strategy works perfectly, but rather on the rise of btc, selling, awaiting retraction and price correction, after that return to invest!

Well, how are you really going to know how to do this exactly?  There are so many people who try to play around figuring out the BTC market and the price and they end up screwing things up.  Personally, I think that it is way better to just invest a small amount on an ongoing basis until you reach your BTC accumulation goal, and then maybe once you reach your BTC accumulation goal then you can start to fuck around trying to guess the price and maybe selling a bit with the hopes of buying back lower - otherwise, way better for normal people just to stack sats on an ongoing basis and to have a long time horizon.. such as 10 years or more.

On the other hand, if you want to provide a specific kind of scenario in which your plan to try to guess the BTC price and to figure out when to buy and when to sell and then when to buy again, then maybe you need to explain a bit more specifically, rather than just stating the overall unfleshed out idea that comes off as a bit like gambling rather than investing.

What makes Bitcoin so attractive is one of its volatile prices, so it's different from other investments. Bitcoin has the opportunity
to provide much greater profit. Although no one has ever known when events in 2017 could happen again. But many Bitcoin holders
don't really think about it, the most important thing is to collect as much Bitcoin as possible, and hold Bitcoin until the Bitcoin price
returns to the all time high price like what happened in 2017. So investing $ 1 in Bitcoin every day can be an option, so you don't feel
heavy when investing in Bitcoin. But small things like that can have a big impact later on.

If you are buying small amounts of BTC every day and building up your BTC stash, how are you going to know that you are entering into a situation like 2017 or some kind of fake out?  If you look back at the charts, the BTC price went up in two sessions rather than one long session in 2017.. and really it took the 2017 session about 2 years to play out.  Of course, the price was rising slowly, and then the price started going up faster and faster in the end, but still, how are you going to know... 

If you keep accumulating BTC for 5 to 10 years, and then maybe at a certain point, you are going to start to feel comfortable shaving off a little bit of profits along the way, but if you are buying something like $1 per day (and then maybe you just decide to increase that to $2 per day or $5 per day.. and then maybe after a while, you look at the size of your BTC stash, and you start to consider that you have accumulated a good sized amount and... but then I would also speculate that you would want to be careful about all of that value that took you so long to build up, little by little, and thanks to the price appreciation of BTC, too (which surely is not guaranteed, either).

[grabpopcorn536]

haha. Invest $ 1 per day in bitcoin but who can sell it to you in such small amounts, if investing $ 30 per month sounds better than $ 1 per day.
The great idea that the next 5 years bitcoin will go to the moon and the profitable is x5-x10. If you can't get to the moon then at least there won't be any further discount. A great investment and no loss in the meantime.

[Golftech]

Actually in country like mine?1$ is a Big amount to invest daily because that is 10% of our daily wages in which may affect the Budgeting daily.
But if you have at least sideline or outside job?
that is a great way of investing because while waiting for the adoption you are preparing from this 1$ investment daily.

[wanted sliter]

haha. Invest $ 1 per day in bitcoin but who can sell it to you in such small amounts, if investing $ 30 per month sounds better than $ 1 per day.
The great idea that the next 5 years bitcoin will go to the moon and the profitable is x5-x10. If you can't get to the moon then at least there won't be any further discount. A great investment and no loss in the meantime.

Exactly so, investing $ 1 per day in bitcoin is not reasonable as the transaction costs can be much greater than $ 1.
Unless the banks allow an investor to deposit money and convert them into bitcoin. That would be an interesting kind of service if it happened.
Investing weekly or monthly is better than daily. In 5 years, it will probably be a highly profitable investment.

[grabpopcorn536]

haha. Invest $ 1 per day in bitcoin but who can sell it to you in such small amounts, if investing $ 30 per month sounds better than $ 1 per day.
The great idea that the next 5 years bitcoin will go to the moon and the profitable is x5-x10. If you can't get to the moon then at least there won't be any further discount. A great investment and no loss in the meantime.

Exactly so, investing $ 1 per day in bitcoin is not reasonable as the transaction costs can be much greater than $ 1.
Unless the banks allow an investor to deposit money and convert them into bitcoin. That would be an interesting kind of service if it happened.
Investing weekly or monthly is better than daily. In 5 years, it will probably be a highly profitable investment.

Banks will not accept this service. They only accept FIAT money or maybe in the future, they accept Bitcoin instead of FIAT. There has never been a fiat to Bitcoin conversion service, they bear transaction fees, and providing an asset like bitcoin means they are at a loss. Bitcoin is scarce and cash is not, remember that.

[Questat]

haha. Invest $ 1 per day in bitcoin but who can sell it to you in such small amounts, if investing $ 30 per month sounds better than $ 1 per day.
The great idea that the next 5 years bitcoin will go to the moon and the profitable is x5-x10. If you can't get to the moon then at least there won't be any further discount. A great investment and no loss in the meantime.

Exactly so, investing $ 1 per day in bitcoin is not reasonable as the transaction costs can be much greater than $ 1.
Unless the banks allow an investor to deposit money and convert them into bitcoin. That would be an interesting kind of service if it happened.
Investing weekly or monthly is better than daily. In 5 years, it will probably be a highly profitable investment.

Banks will not accept this service. They only accept FIAT money or maybe in the future, they accept Bitcoin instead of FIAT. There has never been a fiat to Bitcoin conversion service, they bear transaction fees, and providing an asset like bitcoin means they are at a loss. Bitcoin is scarce and cash is not, remember that.

Investing directly $1 per day into bitcoin is not anymore feasible today, transaction fee is really high, things have change a lot as the price have increase a lot also. The best way is just to invest in a semi annual or in annual basis, you can save from the fees as you will only transact ones or twice a year.

For the meantime, hold that fiat value or deposit in your bank, in our bank, there's no fee for deposit but if you will deposit $1 per day, that would take time and effort either doing it online or going directly to the bank.

[marlo1001]

DCA is pretty interesting thing. If you will choose right asset for this then you will become rich pretty fast. Overwise, you will just slowly loose your money

[Jstandhope]

from my findings over the years, bitcoin has been a profitable investment. so investing 1$ everyday in bitcoin from the last five till now considering the fast growth in bitcoin price would have yielded a good return by now and can garauntee financial freedom. in my case i started dealing with bitcoin late although its never late, this year i bought a small amount of bitcoin worth $6.25 and kept it in my wallet and just in few weeks the value increased and i was smiling. how much more if i do this for five years and more which means i will not only smile but laugh. so i encourage bitcoin investment no matter how small. i am a student and so this can help in times of savings too rather than spending the money on things that wont yield returns.

[taufik123]

Right now to invest $ 1 a day is certainly not possible and will not be possible. as said by some of the people above me who have commented that $ 1 is a very small number and the transaction fee to buy bitcoin will be more or more than $ 1.

A strategy like this might be good, but it must change the value of the investment to be made. For example, by investing on a weekly or monthly basis with a total of $ 50- $ 100, that would be better. But don't just invest, buying at the right time and always reading the market conditions is very important to do. Don't invest when the market is experiencing FOMO and prices are always high, wait for a correction to occur and it's time for you to buy and invest.

[Jstandhope]

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.

Absolutely a good idea. I lost interest in saving from the banks, once I had savings account and became dormant for 6 months. I was surprised when I tried to withdraw my remaining balance and it turns out to be almost empty. Charging you for having a dormant account is just a terrible idea.
So, as of now I'm doing the savings and long term investment to my cold wallet. Since I don't have a plan to have loans in the banks either.

its actually a good idea investing in Bitcoin where you have no much charges such ATM maintainance fee,Stamp duty fee,no tax levy, withdrawal error transaction etc. its better  here because many atimes banks can be annoying turning you around, telling you to come back after 7 working days after complaining.

[ILuckyGuyI]

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.

I definitely agree with you. Because when you invest in banks, there is a stable interest rate. When the interest rate increases, you must take your money from the deposit account and reinvest it to use the new interest rate for that money. But in Bitcoin, the situation is completely the opposite. When Bitcoin goes very high or start a bull run, the profit can be sky-high depending on the amount of money you invested in and you don't even need to do anything extra with your money to benefit from the rise.

[Asuspawer09]

haha. Invest $ 1 per day in bitcoin but who can sell it to you in such small amounts, if investing $ 30 per month sounds better than $ 1 per day.
The great idea that the next 5 years bitcoin will go to the moon and the profitable is x5-x10. If you can't get to the moon then at least there won't be any further discount. A great investment and no loss in the meantime.

Exactly so, investing $ 1 per day in bitcoin is not reasonable as the transaction costs can be much greater than $ 1.
Unless the banks allow an investor to deposit money and convert them into bitcoin. That would be an interesting kind of service if it happened.
Investing weekly or monthly is better than daily. In 5 years, it will probably be a highly profitable investment.

Banks will not accept this service. They only accept FIAT money or maybe in the future, they accept Bitcoin instead of FIAT. There has never been a fiat to Bitcoin conversion service, they bear transaction fees, and providing an asset like bitcoin means they are at a loss. Bitcoin is scarce and cash is not, remember that.

Investing directly $1 per day into bitcoin is not anymore feasible today, transaction fee is really high, things have change a lot as the price have increase a lot also. The best way is just to invest in a semi annual or in annual basis, you can save from the fees as you will only transact ones or twice a year.

For the meantime, hold that fiat value or deposit in your bank, in our bank, there's no fee for deposit but if you will deposit $1 per day, that would take time and effort either doing it online or going directly to the bank.

Totally agree, Buying every day with 1$ is going to cost you a big amount of fees, you might probably find a platform to easily buy or convert your fiat money to bitcoin easily without paying a higher fee.

Investing your money in bitcoin or going all out when the market price is low is a better move than investing daily, also bitcoin market is pretty volatile with that investing at low and then selling when the market price high could make profit easily, Just sell when the market is pumping and then always invest or buy when the market is a dump to no miss any potential profit.

Still investing in bitcoin basing in the statistics would still make a profit if you just sell it at the right time.

[Findingnemo]

A strategy like this might be good, but it must change the value of the investment to be made. For example, by investing on a weekly or monthly basis with a total of $ 50- $ 100, that would be better. But don't just invest, buying at the right time and always reading the market conditions is very important to do. Don't invest when the market is experiencing FOMO and prices are always high, wait for a correction to occur and it's time for you to buy and invest.

Not really necessary for a long term investor, who is planning to invest very small weekly or month for years with to much expectation in the middle.If we are waiting for the right time and are having the strategies and analysis then we could be called as a trader.

[Memminger]

It is a great idea it is like saving in a piggy bank for a kid but for us adult it is a great investment we could also teach this kind of things to kids nowadays.
This could really help them in the future I would try this or do it on other crypto as well save small money in crypto and hold it till you need it,
Instead of wasting my money on vices why not put it in crypto it would help me and my family in the long run.

[BITCOIN4X]

It is a great idea it is like saving in a piggy bank for a kid but for us adult it is a great investment we could also teach this kind of things to kids nowadays.
This could really help them in the future I would try this or do it on other crypto as well save small money in crypto and hold it till you need it,
Instead of wasting my money on vices why not put it in crypto it would help me and my family in the long run.

Most of us can only admit it after someone has managed to do it consistently. But in reality we ourselves are not so sure that we can do it consistently. This is a high risk investment. Even though the amount is only $1 per day but it will be a lot if done for 5 years and not many people can survive the price volatility of bitcoin itself for 5 years.
I believe that bitcoin is one of the profitable investment instrument, but not a few people lose due to high price volatility and some of them lose because they cant survive. Confidence and consistency play an important role in the investment system.

[wanted sliter]

haha. Invest $ 1 per day in bitcoin but who can sell it to you in such small amounts, if investing $ 30 per month sounds better than $ 1 per day.
The great idea that the next 5 years bitcoin will go to the moon and the profitable is x5-x10. If you can't get to the moon then at least there won't be any further discount. A great investment and no loss in the meantime.

Exactly so, investing $ 1 per day in bitcoin is not reasonable as the transaction costs can be much greater than $ 1.
Unless the banks allow an investor to deposit money and convert them into bitcoin. That would be an interesting kind of service if it happened.
Investing weekly or monthly is better than daily. In 5 years, it will probably be a highly profitable investment.

Banks will not accept this service. They only accept FIAT money or maybe in the future, they accept Bitcoin instead of FIAT. There has never been a fiat to Bitcoin conversion service, they bear transaction fees, and providing an asset like bitcoin means they are at a loss. Bitcoin is scarce and cash is not, remember that.

Investing directly $1 per day into bitcoin is not anymore feasible today, transaction fee is really high, things have change a lot as the price have increase a lot also. The best way is just to invest in a semi annual or in annual basis, you can save from the fees as you will only transact ones or twice a year.

For the meantime, hold that fiat value or deposit in your bank, in our bank, there's no fee for deposit but if you will deposit $1 per day, that would take time and effort either doing it online or going directly to the bank.

Totally agree, Buying every day with 1$ is going to cost you a big amount of fees, you might probably find a platform to easily buy or convert your fiat money to bitcoin easily without paying a higher fee.

Investing your money in bitcoin or going all out when the market price is low is a better move than investing daily, also bitcoin market is pretty volatile with that investing at low and then selling when the market price high could make profit easily, Just sell when the market is pumping and then always invest or buy when the market is a dump to no miss any potential profit.

Still investing in bitcoin basing in the statistics would still make a profit if you just sell it at the right time.

But there is another innovative way that we are going to invest in centralized exchanges. Just buy 1 USDT-TRC20, the cost is very cheap because they move freely between centralized platforms. We can buy bitcoins on centralized exchanges that accept transactions of 1 $. If they ask for a minimum of $ 5 it will take 5 days to make 1 transaction.

The most important thing here is who is willing to give us $ 1 USD-TRC20 per day for 5 years. LOL

[JayJuanGee]

Of course, such an investment will be profitable. But you won't become a millionaire.

If you had started investing $1 per day 9 years ago, and you continued until today, you would be pretty god damned close to having $1million, already.  You would have accumulated 91.3 bitcoins.

Sure, it is likely going to be much more difficult to start now with that same amount of $1 per day because some parts of the advantages of starting investing in bitcoin 9 years ago was the earlier stages of the s-curve... but we should not be complaining that we cannot go back, but appreciate that if we had started 9 years ago we could be nearly a millionnaire on merely $1 per day.

So, for example if you start investing today at $1 per day, and you invest over 20 or 30 years, you may well become a millionnaire, even with just $1 per day. 

Another thing is that if your budget and your situation gets better, you can increase your budget to be able to invest higher than $1 per day, so part of the idea would be to just starting investing with you can, even it is a relatively modest amount and  even if it is merely a dollar, which is way the fuck better than whining that you cannot become a millionnaire.. blah blah blah... because getting your shit together and acting and making progress is way smarter than not doing anything or proclaiming that it might not be enough.. especially if you might not have more to invest anyhow... and accordingly, some people just have to do what they can, and even a dollar a day can be difficult for some people to really set aside on a regular and ongoing basis.

[Pamadar]

It is a great idea it is like saving in a piggy bank for a kid but for us adult it is a great investment we could also teach this kind of things to kids nowadays.
This could really help them in the future I would try this or do it on other crypto as well save small money in crypto and hold it till you need it,
Instead of wasting my money on vices why not put it in crypto it would help me and my family in the long run.

Yeah right. By doing this you'll be able to save a lot in the future, who knows what future may bring to bitcoin, maybe while you are saving the value after several years of holding might be doubled or more.
Teaching also your kids to do the same will open their mind into this industry, they are the future generations who will benefits a lot
to this market.

[oprahwindfury]

Your words are appreciated.A proverb goes,"The continent is formed by small sands."Even if we think to save 2% percent of pocket money and invest in bitcoin it can be a huge  somedays.A good patience  and wise decision can change the life.