What would happen if you invested a $1 in Bitcoin every day for 5 years

[Hawkers7]

If we will just do the math then probably you will be able to get funds and make some money or either earn nor lose because there are times that the price of bitcoin is getting pump up day by day and probably you will feel your losing when it dumps, but the other side will be also good because you will not be able to know how much you invested because you are just looking on the future side of your investments.

[kryptqnick]

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.
It is interesting to note that this could be a decent strategy for those that want to buy at every price without going through the risk of buying too much at a too high price. Considering that Bitcoin may one day (hopefully) be worth more than a $100K, this could still be a viable strategy.
Let me know what you think of this in the comments below.

$1 per day is $365 per year, which is not nothing. And doing this for 5 years means investing nearly $2k which is again quite a significant amount of money. Moreover, Bitcoin rose significantly from 2015 till 2017, but if a person started investing 3 years ago, the result would probably be quite devastating.  Not to mention the minimum deposits on exchanges that was pointed out before. And at the end of 2017 the fees were around $20, so significant daily losses would follow. And in many times transaction fees would cost huge sums in comparison with the daily investment.

[The Cryptovator]

Begging for merrits? I've merely said 'if' you 'like' then and only then. Stop being a baby

Nah, you shouldn't ask for merit on the post. It would be considered merit begging indirectly. How do you think this is a great idea and you deserve merits for it? If your idea about saving weekly or monthly then I would consider it's a merit worthy post. But if you start saving with $1/day then you have to spend more fees than your deposits. Our intention isn't to insult you, peoples are just saying you shouldn't act like this and shouldn't ask for merits. People will send merits automatically if they like your idea. Asking for merits will discourage us to send merits on your post. Don't get me wrong and hope you will learn a lesson from here rather than argument.

[XCANA]

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Although, we all have different professional strategies, but even if we are going to invest, investing at the periods when the price is decreasing but has also decrease a lot is the best time even if you will invest at certain interval of time. But, daily investment is not advisable or recommended. To invest $1 daily will not be encouraging while paying transactions fee.

What if you buy $360 worth of crypto for a year and then market buy with $1 each day?
Most people don't know when to buy or sell hence its an alternative.
 If you like this idea, feel free to award it merit.

Normally there is no possibility of you buy Bitcoin daily with $1 for everyday, because, if you do you will run at lost in the process(price increase and fees increase). Imagine when the cryptocurrency price spike and still want to buy with $1, you will end up spending up to $10 with the transaction fees. I think it won't be idea buying Bitcoin in small quantity rather buying with average amount that's reasonable enough.

[yazher]

This has been discussed several years ago, they have made some deep analysis of when someone invested $1 every day in BTC. well, everytime the price of bitcoin decrease in the market, when you only invest this much everyday it won't really matter that much to you. Therefor, this is one of the good investing method you can do with bitcoin. you won't really care if how this investment end because the amount of money you are putting to your BTC wallet is not that much and who really cares about a dollar in our every day life?

I'm currently thinking if this idea will work after 5 years form now? I wonder what would be the price of bitcoin after those years. will it continue to increase, or it will not budge in the $10,000 mark like what we have seen today in the market.



https://www.statista.com/statistics/326707/bitcoin-price-index/

[mk4]

You will have to spend too much time to really make money on this. You can invest $1 in anything and the effect will be about the same.

No offense but that's the dumbest thing I've read this morning. Try putting the same daily $1 on a failing business like GameStop Corp and let's see if the effect with be the same if you allocated the daily $1 on bitcoin lmao.

[lovesmayfamilis]

If we will just do the math then probably you will be able to get funds and make some money or either earn nor lose because there are times that the price of bitcoin is getting pump up day by day and probably you will feel your losing when it dumps, but the other side will be also good because you will not be able to know how much you invested because you are just looking on the future side of your investments.

This investment can only be made for fun. Do not place high hopes on these investments. Understanding that you can be in the red is more profitable than the blind hope of getting rich.
The volatility of cryptocurrencies is very common. And from this, you need to be very careful when planning any actions with them.

[Swordsoffreedom]

If we will just do the math then probably you will be able to get funds and make some money or either earn nor lose because there are times that the price of bitcoin is getting pump up day by day and probably you will feel your losing when it dumps, but the other side will be also good because you will not be able to know how much you invested because you are just looking on the future side of your investments.

This investment can only be made for fun. Do not place high hopes on these investments. Understanding that you can be in the red is more profitable than the blind hope of getting rich.
The volatility of cryptocurrencies is very common. And from this, you need to be very careful when planning any actions with them.

I completely agree with you bro. I think Bitcoin is totally unpredictable things. We don’t know when the price of BTC will increase or decrease. At the beginning of the Coronavirus epidemic, its price dropped dramatically. So, if we invest money on BTC market, we won't know what will happen after some days. We have 50-50 percent chance of profit and loss.

[hatshepsut93]

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...

What is exactly the point of these "what ifs"? You can also start thinking "what if 15 min ago I made a move on <insert market here> with x1000 leverage and became a millionare in an instant", but it won't actually work if you try it, because past performance doesn't guarantee future performance. Conditions change, and who knows for how long Bitcoin will still be growing? It can easily even enter into long bearish periods, because why not? Bitcoin is not a safe investment, and it doesn't matter how you invest - $1 every day, or $1,000 once. either way you can be in a loss.

[ekeh]

All you need to know is that bitcoin is a movement, buying every day by day without considering the price factors involved, it doesn't make any sense, hence bitcoin is a digital assets, and you're purpose of buying or investing  bitcoin is to make profit after a short period of time...

[Lucius]

Conditions change, and who knows for how long Bitcoin will still be growing? It can easily even enter into long bearish periods, because why not? Bitcoin is not a safe investment, and it doesn't matter how you invest - $1 every day, or $1,000 once. either way you can be in a loss.

I think the OP just wanted to show in a pictorial way how with relatively little money and smart investment, significant profits could be made - compared to some of the more well-known investment methods such as investing in gold or stocks. Of course, one should not completely rely on past performance when it comes to any investment - but I think Bitcoin is still something unique with huge potential in the future.

There is always a risk of loss, it is an integral part of investing, but if someone invests only what he is willing to lose, then that loss is bearable and does not cause additional problems, and as we saw in the case of Bitcoin even the most optimistic were surprised with success. Of course, I mean those realists who didn't fall for the McAfee trick and the nonsense about $1 million by the end of 2020.

[eaLiTy]

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.

The best strategy is always to keep a percent of the salary or the profit you are earning per month and set aside those and invest everything when there is a market correction, it is the basic way to make money and make sure you hold every investment for the long haul if you are not an expert of short term trades.
If you are able to save money and the accumulation would be a huge amount, get rid of the extravaganza of clubs and other silly habits that could ruin your body and save instead, if anyone could do that then he will save big.

[hahay]

Buying Bitcoin every day is not a viable strategy to implement, you can count the exact amount at the beginning but with the Bitcoin price going up and down all the time, I think whatever amount you count at the beginning will not guarantee you will get it with a certain value, because that is. maybe you get in the next five years maybe a higher value, but maybe also the value that is destroyed because of the market collapse. I think it's very risky, because if we want to do it every day then it would be better to just save and not invest in assets that are not price stable.

[Raflesia]

Begging for merrits? I've merely said 'if' you 'like' then and only then. Stop being a baby

Nah, you shouldn't ask for merit on the post. It would be considered merit begging indirectly. How do you think this is a great idea and you deserve merits for it? If your idea about saving weekly or monthly then I would consider it's a merit worthy post. But if you start saving with $1/day then you have to spend more fees than your deposits. Our intention isn't to insult you, peoples are just saying you shouldn't act like this and shouldn't ask for merits. People will send merits automatically if they like your idea. Asking for merits will discourage us to send merits on your post. Don't get me wrong and hope you will learn a lesson from here rather than argument.

Well really if this is a good idea then people will give merit voluntarily because they already think this idea is good for all of them if the daily investment of a nominal $1 for what will only make costs higher people will think investing like this in the long term is not a good thing even Losses in each transaction, the OP said that in bitcoin, of course, the transaction fee of $ 2 is sometimes more, except with altcoins, so the risk will be high with a long time.

And don't expect a merit if it's still not worth it, someone will give merit without expecting it from you so this can surprise posts that you don't think are great but sometimes give merit because they think it's an idea for them.

[Jstandhope]

From calculation, in a year we have 365.25days and in 5years we have 1,826.25days. Now investing $1daily will give a total $1,826.25 Now using this for Bitcoin invest it's a good one and it's going to be amazing at least you will get something out of it rather than using it to buy something not profitable. But then compared to the current price of Bitcoin it will only afford a small amount of Bitcoin. But it's nice. It will not definitely not end in regret. But good news

[AicecreaME]

Investing $1 to Bitcoin every single day is like buying candy using Bitcoin as a payment, because the transaction fee is much higher than the thing that you'll get. Rather than doing that, why not just save it from a bank first and then when the bear market hits up, then cash it out on the bank and invest it in Bitcoin, cause that's more beneficial than what you've said.

But if you do have the money to perform that investment every single day, then why not?

[DdmrDdmr]

I’m not 100% sure why, but this calculator renders different results with the same scenario (1$ per day over the last 5 years): https://dcabtc.com/ It displays a current value of the acquired BTCs as 13,5k$, which differs largely from the 20k$ in the OP. The 20k figure in the OP really originates in this tweet from February 2020: https://twitter.com/JamesTodaroMD/status/1223670320541900800.

The tool seems interesting to play around a bit, and I believe it does not take into account Fees either. The 20k$ -> 13,5k$ discrepancy is possibly due to the 7 month gap since February. The tool does not allow us to place the date of origin back in February, as it only inputs complete years, but if we parametrize it with as follows, we get to a near enough figure:

•   Purchase Amount: 1$
•   Repeat Purchase: Daily
•   Accumulate for: 5 years
•   Starting: 6 years ago (5 for current value)
•   Compare to other assets: at will.

[gmakaveli]

This is not well thought out. What about fees? Maybe it's better to save these dollars and invest when it's more reasonable to do

[peterpanda]

Daily $1 is not suitable at all but daily investment is a good way to gather money. It is really a great habit for investors. We can make it monthly from daily. Hopefully it saves our daily fees and time also.

[lamigos]

Daily $1 is not suitable at all but daily investment is a good way to gather money. It is really a great habit for investors. We can make it monthly from daily. Hopefully it saves our daily fees and time also.

What is the ideal minimum amount for daily or monthly investment in your opinion?