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

[emrecemsan]

I think earning a large amount of money by investing $ 1 daily in bitcoin is outdated. Now, bitcoin is a cryptocurrency known all over the world. Therefore, I recommend investing in an altcoin you want instead of bitcoin every day for 5 years.

[Twentyonepaylots]

What makes this idea so cool is that you won't even feel that you're investing every day with a small amount and you'll get a bunch of money at the end of year, IF bitcoin pumps every time you're buying. I've also read a same idea like this, but it is investing in a monthly basis, typically works like the same. But still the best form of investment is one big investment buy during a dip or in a support price level, you'll gain a lot from it with bitcoin.

[Shasha80]

The choice of investing in Bitcoin by buying Bitcoin for $ 1 every day for 5 years is not a good idea in my opinion.
Because it will only make us have to pay transaction fees every day, after all, if we are busy people making time
every day to invest in Bitcoin it makes our time run out. Why not do it once a month or once in 3 months, it's more
effective in my opinion.

[btc78]

well it depends on how much is the value of Bitcoin each time you invest,example this week the price of Bitcoin is too low then your investment is good in future,the problem is if the next wee the price of Bitcoin goes very high what will happen is your investment will stay low if that scenario happens as Bitcoin take that as highest value for the next 3 years.
for example in 2017 when the price of Bitcoin surge high for 3 months,then starts to fell low in 2018 and until now,it is 3 years passed yet you will not recover your losses.

[shoreno]

I think earning a large amount of money by investing $ 1 daily in bitcoin is outdated. Now, bitcoin is a cryptocurrency known all over the world. Therefore, I recommend investing in an altcoin you want instead of bitcoin every day for 5 years.

you cant earn large amount of money by doing what is instructed . i calculated that you can only get over 0.1xxx btc , thats small compare to the money and time you have spend on investing  . value of btc merely moves , i sense that its value will still be on this range in the future or worst if your unlucky the value can dump more resulting for your investment of btc to go down . earning a small money is possible and wont be outdated  and if btc is well known ? whats the problem . you should be happy with that because that means more demand and more price increase

[kotajikikox]

The choice of investing in Bitcoin by buying Bitcoin for $ 1 every day for 5 years is not a good idea in my opinion.
Because it will only make us have to pay transaction fees every day,

Maybe what he mean here that the amount targeted to be invested but not literally 1 dollar a day to be bought,it can be 7 dollars a week or 30 dollars a month,or even 90dollars quarterly,what is the main objective here is the amount to be invested is 1 $ per day.

after all, if we are busy people making time
every day to invest in Bitcoin it makes our time run out. Why not do it once a month or once in 3 months, it's more
effective in my opinion.

actually that is what i think OP will do,because he is not that stupid to pay fees everyday that sometimes even higher than the amount you need to buy because of congestion.

I think earning a large amount of money by investing $ 1 daily in bitcoin is outdated. Now, bitcoin is a cryptocurrency known all over the world. Therefore, I recommend investing in an altcoin you want instead of bitcoin every day for 5 years.

lol how come that popularity affect our ability to earn investing in bitcoin?and are you serious that instead of Bitcoin you wanted OP to buy Altcoins?

[iRaMMuS34]

Sorry, but it's silly af. You must have at least basic knowledge of when it's a suitable moment to buy

[emrecemsan]

you cant earn large amount of money by doing what is instructed . i calculated that you can only get over 0.1xxx btc , thats small compare to the money and time you have spend on investing  . value of btc merely moves , i sense that its value will still be on this range in the future or worst if your unlucky the value can dump more resulting for your investment of btc to go down . earning a small money is possible and wont be outdated  and if btc is well known ? whats the problem . you should be happy with that because that means more demand and more price increase

What I want to say here is that getting rich by buying $ 1 bitcoin per day is outdated. On the other hand, you have the chance to make money with a $ 1 daily investment, but I think the amount earned doesn’t meet the expectations.

lol how come that popularity affect our ability to earn investing in bitcoin?and are you serious that instead of Bitcoin you wanted OP to buy Altcoins?

So indeed, I am serious about buying altcoins if he wants to earn a lot of money by investing with a little bit of money. The bigger the risk, the bigger the reward.

[pakhitheboss]

you cant earn large amount of money by doing what is instructed . i calculated that you can only get over 0.1xxx btc , thats small compare to the money and time you have spend on investing  . value of btc merely moves , i sense that its value will still be on this range in the future or worst if your unlucky the value can dump more resulting for your investment of btc to go down . earning a small money is possible and wont be outdated  and if btc is well known ? whats the problem . you should be happy with that because that means more demand and more price increase

What I want to say here is that getting rich by buying $ 1 bitcoin per day is outdated. On the other hand, you have the chance to make money with a $ 1 daily investment, but I think the amount earned doesn’t meet the expectations.

lol how come that popularity affect our ability to earn investing in bitcoin?and are you serious that instead of Bitcoin you wanted OP to buy Altcoins?

So indeed, I am serious about buying altcoins if he wants to earn a lot of money by investing with a little bit of money. The bigger the risk, the bigger the reward.

In my opinion Yes, you can earn more in short term by investing $30 a month in altcoins but the risk are very high and after a couple of month you can lose everything that you invested.

Whereas investing in Bitcoin reduces that risk drastically and it also ensures huge returns in the long term.

[Peanutswar]

Investment with a single dollar is not recommended or suggested because today the transaction fees are high and it is the same cost of the transaction fee in my country the transaction fee is almost 1-2$ already and its this is not good why not trying to make an investment with a lower market price and sell it into a higher price, this is the most commonly used by the investors so why not this kind of practices we made, well if you make an investment when the price of it so low there is a possibility that your 5 years investment will give a huge profit soon it will pump.

The choice of investing in Bitcoin by buying Bitcoin for $ 1 every day for 5 years is not a good idea in my opinion.
Because it will only make us have to pay transaction fees every day, after all, if we are busy people making time
every day to invest in Bitcoin it makes our time run out. Why not do it once a month or once in 3 months, it's more
effective in my opinion.

Base on my experience on investment I think its good enough for 3-5 months only because previously we experience the price of the bitcoin is on ATH in the month of January and AFAIK at next coming month the price of the coin falls immediately^[1] and the price recovered too in just this range on the month of July.^[2]

Code:

[1]https://www.coindesk.com/bitcoin-recovers-40-from-12-month-low-below-3-9k
[2]https://www.statista.com/statistics/326707/bitcoin-price-index/

[TIDOVEE]

Let's summarize it to be monthly, year quarterly or a year. To save transaction fee. The daily Saving is just an idea pointing to how much little investments can make much overtime. Bitcoin has always been in encouragement of investments being a future currency, but since we may not have all days enjoying the market value, there will be bear and bull, we may take advantage of the better days than the days it may not be convinient.

[supine]

We wouldn't know if we would still have the same result it is from the past before the huge price increase.
It could be worth it if we are only saving and not aiming for the same profit or a huge profit beside a small amount per day wouldn't hurt much.
For me it is better plan rather than just putting it all in the same time at least in this way we wouldn't feel we lost too much when the price drops down because the money that we invested is only are excess money.

[piebeyb]

this is also a good way and I have used this method to collect bitcoins, usually I invest a few dollars in bitcoin every week or every month, I think this is a good way to use as a long term investment, at least people will not be frustrated when the price drops for a moment , I think people who invest in bitcoin since 5 years ago might have had good results today

[win2408]

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Who have the best marketing services for my project can message me or give me some information about you. I will contact you later to talk about this topic.

[witcher_sense]

Sorry, but it's silly af. You must have at least basic knowledge of when it's a suitable moment to buy

That strategy is called dollar cost averaging and it works perfectly fine on unpredictable markets like cryptocurrency one. Even if you are an expert, an experienced trader or a technical analysis guru, you can't say with a high degree of certainty that the particular moment in time is the most suitable moment to buy bitcoin. If such experts existed, they would have bought bitcoin when Satoshi was introducing it to a narrow circle of cypherpunks. Since we are not able to foresee the future of bitcoin, the only strategy that is efficient enough is to consistently buy bitcoin at whatever price. However, as many have said, buying bitcoin on a daily basis may cause additional loses due to high transaction fees.

[pinggoki]

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.

It sounds a good idea I'd say but isn't that will be a strenuous thing to do? Perhaps you could expand it to weekly or monthly, this way you can minimize your task.
Buying at every moment was good simply because you don't need to be worry if Bitcoin plunge or surge anymore. This kind of strategy will also expose you to minimize risk.