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

[GideonGono]

I think it is better than to waste $1 or any amount on my vices that could even be a threat to our health (cigarette,alcohol and gambling).
It is funny how the others tend to waste their money on their vices instead of securing their future and blaming the government or other people for what they've become yet they hold responsible for all of it.
I am also one of those kind of people but I like to change it I want to be better in the future for my family.

[BitcoinHunt3r]

Without think about fees, maybe if people invested $1 daily, he will have a lot of work to make how much price in average that he buy the coin. And then think about what price that make it as be profitable investment. Me personally wouldn't do that and better to buy coins and then hold with anything happened to it until my target reached.

[Wawa2013]

I honestly like your idea of investing in Bitcoin, it sounds easy to do. But believe in me, to invest $ 1 in Bitcoin every day
for 5 years it takes a strong commitment. I believe most people are only able to do this for a few months. Because I myself
have tried this and only lasted 2 months. Because when in practice there are many obstacles, not to mention the transaction
fees that must be paid on a daily basis make investing in this way less effective.I prefer to do it every month rather than every day.

[Zemomtum]

Why not do that investment other alternative coins with low price and reliable team that is traceable to progress of development. After a year or thereabout, $1 will not be sufficient to cover the transaction fee if your target is to reach $100k per Bitcoin.

[goinmerry]

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.

Don't make things complicated.

For a believer that truly believes that Bitcoin price will reach $100,000 then no need for this $1 a day quote when investing (I'm a believer but not taking that price target yet into realistic thing to happen )

As long as people know and accept the risks of what are those possibilities that might happened after they bought bitcoin at any price, then bet that someday their desire will happen. *finger-crossed*

[Ryker1]

Why not do that investment other alternative coins with low price and reliable team that is traceable to progress of development. After a year or thereabout, $1 will not be sufficient to cover the transaction fee if your target is to reach $100k per Bitcoin.

Well, I don't agree with investing altcoins, --most of them suck especially those who are not in the top 10 lists of coin market cap.
Just stick to bitcoin investment and that is good if you are holding this in a cold wallet that you did not often use having transaction, like day trading transactions. However, I also disagree with OP offering service like someone will hold your investment, which will not work in a long period of time, and I always afraid of scam. Invest bitcoin $1 each day is good by having your own cold/hard wallet. Perhaps the demand will be increased soon and the bitcoin price will be pumping up in the market.

[worldofcoins]

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.

It doesn't matter since you need to pay the charge as well, So it's better to invest at once without a moment's delay and spare your bitcoin for a long time.
Long haul venture can assist you with a benefit.
Bitcoin won't bring you down if you believe in it. It's on a bubble nobody knows whenever it goes up there are no odds of falling cost

[Wexnident]

It's just a what-if scenario, a useless idea to even spend time thinking about it imo. It's not like you can turn back time to invest again, and plus, it only makes you wallow back to what could've been your life is, not just in Bitcoin, but in every other decision you've probably made that you've basically regretted for quite a while. Not a positive attitude to look about tbh, thinking about the past is fine and all, but being swallowed by the fact that you could've done better is quite detrimental to ones self.

Other than that, a $1 daily investment strategy seems nice, but fees and all of that probably wouldn't even allow you to move it over properly, and would just create an unnecessary hassle. It'd probably be better to instead buy chunks every certain period of time, let's say every 2 weeks, or maybe even a month. Of course, you won't only invest $1, but more, depending on how much you can actually invest.

[Golftech]

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.

There is already existing thread similar to this,investing 1 dollar a day in crypto,i just can't find it now.

But mine?i may take a 30$ a month investing similar to this 1 dollar because my payroll money comes monthly.

This will be  big amount after several years.

[verita1]

Great idea! It is an incentive to save, I save it every month a little. We must always save because we do not know what the future holds. A business opportunity or some unexpected event. Bitcoin is classified as a long investment, but there are investors who turn to it to earn profits.
Let's take advantage of the fact that Bitcoin is the first most recognized coin to make the Bitcoiners community grow more.

[Janation]

It looks great but I think that is a bad strategy.

Since that would be daily transactions, most of that investment is going to the fees instead of investing $365 or $366 straight. Another thing is that with the price change in those years, I think it is better if you could invest as fast as you can as the price is not that high. Considering the price changes in the years, it is better if you could invest early. Also, you could take advantage of the price changes that will happen within those years so you can maximize the profits you will be getting.

[lepbagong]

A job that requires very high persistence because it will not be easy to do this. But what is clear is that before the time of up to 5 years it is highly believed that you will be influenced to sell because the value is already so high from the expectations you will do. so it looks like you can be sure you will be tempted to finally forget what you want to do.

[sulendra12]

It's just a what-if scenario, a useless idea to even spend time thinking about it imo. It's not like you can turn back time to invest again, and plus, it only makes you wallow back to what could've been your life is, not just in Bitcoin, but in every other decision you've probably made that you've basically regretted for quite a while. Not a positive attitude to look about tbh, thinking about the past is fine and all, but being swallowed by the fact that you could've done better is quite detrimental to ones self.

Damn, that's a deep word. I have suffered that thing in the past where I keep regretting everything I did in the past. We have to move on and don't get layed on the bad past. Remember thinking about bad past could affect your mental health and your daily life overall, it will make you become a better person later. Trust me.

Other than that, a $1 daily investment strategy seems nice, but fees and all of that probably wouldn't even allow you to move it over properly, and would just create an unnecessary hassle. It'd probably be better to instead buy chunks every certain period of time, let's say every 2 weeks

I remember that day you couldn't even buy $1 worth of Bitcoin on any big exchanges, I mightbe wrong tho.

[Xxmodded]

Look like saving money in the bank but I think 1$ is most little with higher fee when transaction to buy, better one week or two weeks you should invest above $20 in bitcoin for long time. You will see how much profitable than you save your money every day without have higher value and keep inflation later. When saving your money with bitcoin you will have big chance to get much profit and keep worry to save your bitcoin with safety, many moment got investor will bad reputation wallet after lost their assets.

[imstillthebest]

1dollar per day in the form of savings can be alot to some that dont have a decent life or a decent job . the idea is simillar to what i always read but that wasnt related to crypto but its about saving money . if people can spend thier money on random things that arent beneficial , why not or what if those people save that money . in our case here , save it in the form of bitcoin . bitcoin is divisible but there is a minimum amount for cashing in fiat to btc , there was also a fee .  if only buying and saving btc is as easy as saving a fiat money , why not  ?

[maydna]

Perhaps, @OP can try to invest in bitcoin monthly with some amount, let say $50. No matter if the price is at a high price or low price, he still buys bitcoin for $50, and he does that for 5 years, so in the next 5 years, he will use $3,000. Every year, he can hope that the price will be different to see how much profit he will get.

Investing in monthly will make sense compared to invest $1 every day because we might not have a chance to buy bitcoin in our daily busywork. So if we invest in monthly, we can allocate some money to buy bitcoin, and I suggest this to my friends. But I don't know what is the results because I lost contact with him.

[rollingdice]

Most of exchanges have minimum transaction amounts, so investing a dollar per day isn't possible. I think that the strategy to invest 30$ each month will be more beneficial.

[witcher_sense]

I would call myself a small-minded investor that has no idea what he is doing and why if I happened to invest only a 1$ in Bitcoin every day for 5 years. This is how I see this imaginary situation. That fact that I found a potentially disruptive innovation long time ago and started investing in it a tiny-tiny amount doesn't say anything good about my investing qualities. If I saw that a technology has a big potential to change our monetary system or, at least, to become a currency of the digital space, of the Internet, I would start to learn about it, trying to understand it deeply. Then I would realize that Bitcoin is worth to be a big chunk of my portfolio. If I learned bitcoin for almost five years never recognizing its importance and potential, I would doubt my sanity. It is a bad strategy because it shows one never learns from own mistakes and doesn't know what he is doing.

[singaporeboy]

Sounds tempting. Are there any particular companies you can recommend? I'm about to start working with this one https://www.instaforex.com/reviews_forex_traders. Any thoughts?

[Eureka_07]

This is like easy peasy thing to invest in cryptocurrency. Small amounts are easy to invest

Yep it's very easy to invest on cryptocurrencies, but the thing is it's not easy to choose and manage your investment.
If you think it's an easy peasy to invest, I'm quite sure losing will also be an easy peasy to you.
Small investments like $1 dollar a day, sounds like saving some penny everyday, since the OP wants to invest it on bitcoin, the total value of his investment will depend on the value of bitcoin, if it went down, he received negative roi, on the otherhand, he will receive positive roi and good profit.
Since the investment is for 5 years, the result of ROI still not guaranteed.