1$ per day crypto investment plan any good ?

[DdmrDdmr]

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One of the key factors is going to be, in any case, determining where and when you buy those SATs, since fees will play a vital role, alongside minimum order requirements.

One thing you can do is play around with a bitcoin DCA calculator such as this one, to see what would have happened is you regularly invested certain amounts recurrently, over a given period of time. Bear in mind though that fees are not taken into account on the calculator, but you can get a feel of what happens in gross terms with historical data scenarios (that obviously do not guarantee future ones).

[Rockstarguy]

To me 10$ per day is a lot of money and if 1$ should be invested everyday from 10$ is a good plan because to me 1$ is an amount that is affordable to invest in bitcoin. But I still trying to imagine how you go about it, if you buy bitcoin that what 1$ every day or you gather the money to reach a certain amount, then you buy. Buying expecially when the market price is high with 1$ seems some how.

[aoluain]

Is 1$ investment in crypto every day enough?  

My first thought on this was NO! because in my country $1 is not very much and the fees
would be too much, you would have to consider a weekly or monthly exchange as others
have posted, but realising its 10% ^{as mk4 posted} of your income
so yes its enough, you have the right idea not to overstretch the investment
and leave yourself struggling with the essentials like utilities and expenses.

The time to start is not
The coin to start with is Bitcoin

[Mpamaegbu]

$1 investment into Bitcoin or any other cryptocurrency? I am aware of a $1 investment daily in Bitcoin for 5 years which can earn you a profit of roughly $20,405. It has been already discussed here - https://bitcointalk.org/index.php?topic=5222895.0

Well, I did a mental sum of the $1 daily investment but it didn't amount to the figure you've out there. Except it was through compounding or some other plan.

OP, the $1 daily investment is just ¹/10 of your $10 daily earning. That isn't bad, and it's not a difficult thing to achieve. Besides, now isn't a bad time to invest in Bitcoin; looking at the crashed price ATM.

[martha1]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

Are you going to literally buy 1$ worth of Bitcoin on a daily basis? Don't you have to pay more fees this way (fees and stuff)  which makes this method unprofitable.

Maybe try to allocate a percentage of your monthly income and invest that in bitcoin or any other coin out there.

[suzanne5223]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

If we're to judge by the future beneficial and betterment presented by Bitcoin. The 1$ per day investment plan in BTC is good because the level of the institutional and celebrities enthusiasm in BTC is increasing every day. Besides, the "BTC addresses holding about 1-10 BTC were said to have been increasing over the past month."
I am sure when you start the $1 investment in BTC you'll increase it at some point.

[Oceat]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

If we're to judge by the future beneficial and betterment presented by Bitcoin. The 1$ per day investment plan in BTC is good because the level of the institutional and celebrities enthusiasm in BTC is increasing every day. Besides, the "BTC addresses holding about 1-10 BTC were said to have been increasing over the past month."
I am sure when you start the $1 investment in BTC you'll increase it at some point.

Well, it's better than nothing though I would say that this idea depends from person to person since not every country has the same price of rates when it comes to salary but 1$ is just a small amount though but the problem here is the transaction fees that would bounce back and forth due to the volatility of the market trading.

So it's up to someone on how they would bend their investment like instead of investing 1$ per day why don't they invest 7$ per week or something like that in a month.

[Darker45]

If that's what you can afford, that's good enough. But for sure you won't settle with that $10 income per day for long. You will probably find more ways to earn.

Other people might suggest you alternatives to Bitcoin, but I think Bitcoin is good enough. But you will have to set it up for a longer term. At the very least, consider it as savings. Saving in Bitcoin is a lot better than saving in fiat.

Finally, minimize transactions. You don't have to buy every after few days or weekly. You can do the buying every couple of months or even more.

[Poker Player]

It's better to invest weekly to cut down the sending fee to your custodial wallet every day, 1 dollar every day is 7 dollars per week which still makes sense.

Finally, minimize transactions. You don't have to buy every after few days or weekly. You can do the buying every couple of months or even more.

Are you going to literally buy 1$ worth of Bitcoin on a daily basis? Don't you have to pay more fees this way (fees and stuff)  which makes this method unprofitable.

$1 per day? I suggest for you to keep that $1 until it reaches $100. 

Etc.

Regarding what you say, I suspect the OP is buying Bitcoin, or rather a Bitcoin derivative product like Paypal, Revolut, etc. That way it doesn't matter what the inputs are. If he pays 1% he doesn't care if he pays 1% of $1 30 times than 1 time a month 1% of $30.

Let's see if he comes back here and clarify doubts, although I'm afraid this is going to be another case in which the OP asks a question and then does not come back to comment on the thread.

[Rruchi man]

Is 1$ investment in crypto every day enough?

If you are consistent and can be dedicated, a 1$ daily investment plan is enough to help you build and develop the habit of not spending all your income and also allocating some to investment. A 1$ daily investment is good to start with considering your current income but not okay to stick with considering current rates of inflation and how not so substantial your investment will be if you stick to 1$ in a few years time. So as you work to earn more, plan to increase your investment as well.

Also for you 1$ daily investment in crypto not to be a waste, you can stack your 1$ up daily maybe in a piggy bank and invest in crypto once in a month with the total of your daily savings.

[traderethereum]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

Investing $1 in crypto every day will be enough for you, but it depends on the coins you want to invest in.
But you have to focus on saving $1 every day and not miss anything because if you miss even one day, you have to add the investment amount to two parts.
Maybe investing in BTC could be the best option.
I hope your investment plan goes well and don't forget to set how long you should invest in bitcoins.

[cryptoaddictchie]

It's not a good idea to buy $1 of bitcoin everyday for several reasons, first is that you will have to pay fees for every transaction you make.
Much better option is to invest weekly, monthly or from your every paychek with dollar cost averaging system (you can repalce dollar with euro, yen, pound, etc).

I agreed. A day transaction would only go to fees, however thr advantage of a daily basis could take advantage the possible lowest price daily. If he can resort on weekly or monthly maybe he could missed a very low price. It have pros and cons, but hope there are exchange can accomodate this with super little or no fee at all.

[suzanne5223]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

If we're to judge by the future beneficial and betterment presented by Bitcoin. The 1$ per day investment plan in BTC is good because the level of the institutional and celebrities enthusiasm in BTC is increasing every day. Besides, the "BTC addresses holding about 1-10 BTC were said to have been increasing over the past month."
I am sure when you start the $1 investment in BTC you'll increase it at some point.

Well, it's better than nothing though I would say that this idea depends from person to person since not every country has the same price of rates when it comes to salary but 1$ is just a small amount though but the problem here is the transaction fees that would bounce back and forth due to the volatility of the market trading.

So it's up to someone on how they would bend their investment like instead of investing 1$ per day why don't they invest 7$ per week or something like that in a month.

You have a point about the transaction fee to be the major challenge if the user invested $1 into Bitcoin every day but isn't this the reason why lightning is a perfect alternative?
Meanwhile, she didn't have to invest the $1 every day but she can save the money into a piggy bank till when the money is enough to make a single transaction.

[khaled0111]

If you really don't need that one dollar/day then investing it in cryptocurrencies seems to be the best and wisest thing to do.
But as other members pointed out above, since the amount you are planning to invest is a bit small, it would be better to buy cryptos on a monthly basis rather than a daily basis to save on fees.
You should also know that investing in cryptocurrencies is no longer as profitable as it used to be in the early days. So don't expect a huge profit in a short period of time especially if you are going to invest only on the major coins (btc, eth...)

[TelolettOm]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

The wisest thing for investment is to" Invest the amount that you can afford".
Although how much they will be, it doesn't matter as long as you can set aside that money for your investment, and they are free money. It is better to invest only $1 per day than forced to invest much money but you are using the money for your daily needs or forcing yourself to invest much money And I also know that 1$ in your country may be very worthy so that the amount doesn't matter, moreover if you can make or d it consistently. However, if you are going to invest $1 per day, maybe you can collect them at first daily and then buy the coin once a week or month in order to fulfill the minimum requirement of trading or even saving the transaction fees. Good luck

[thesenioralex]

Obviously, man. I think I should have thanked you for this great thought. However, I believe I will try to invest in some fresh alt-coins with strong aims that might be the best for investing. Thanks

[aysg76]

Obviously, man. I think I should have thanked you for this great thought. However, I believe I will try to invest in some fresh alt-coins with strong aims that might be the best for investing. Thanks

Do you have potential altcoin in your mind that will give you guaranteed returns in long run or even short period if you are able to cash out them on any exchanges? Assuming you are total newbie to the market be aware about the scam projects tending to be the best you can get but will loose your funds so stay away from them.

For example some top altcoins like ETH but could you afford the gas at this time ? The history has proofs of top 10 coins on CMC have changed btc being the exception of being on top always.That's why have suggested you to invest in them by consolidating your inputs into one large transaction and go with it only.

But still your funds your choice and you can explore the market because there are more than 18k cryptocurrencies in market to choose from but now many have you heard of? So make some wise decisions.

[coin-investor]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

$1 is not a big amount but if accumulated it will grow by hundred folds as long as you are comfortable with what you are allocating you will be fine and that's the best idea, and Yes BVitcoin is the best coin to invest with your $1 but you need to understand the volatility of the market you cannot be sure that it will increase tomorrow or go down, you have to understand volatility, it's better to pick other coins in the market that have proven their potentials like Sol, BNB and Eth, it's good to have many coins in your portfolio.

[GeorgeJohn]

Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?

Someone have made emphasises, using 1$ as illustration and via in his summary their was results of accumulation of generated profit per annual with 1$ investment in cryptocurrency and especially bitcoin, so with this analysis made by people i think it's of your hands to make proper decision of financial investment rate, using any rate for investment, because i know vividly that we do encourage to invest what you can afford and what you can lost.

[Falconer]

The $1 per day allocated to investing in crypto might sound easy to most people as this kind of investment strategy will probably be favored by those who can be consistent with their investments. I've heard success stories about this strategy although there are actually many other strategies that you should consider.

But what about $30 per month, does that sound any more difficult than making a daily $1 purchase?