Gladitorcomeback
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March 28, 2023, 09:34:48 AM |
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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,
1$ is too low but according to the basic rule "" don't invest more than you can afford to lose" i think its very good because monthly your investment will be 30$. here i will give advice that instead of adding 1$ daily, it will be good option to add 30$ monthly. if you buy with credit card, it will cost you daily. if you choose monthly deposit then you have to pay only one time fee for depositing. also is BTC the best option with this 1$ per day? Btc is most secure investment then any other coin but profit ratio is very low and you cannot expect big profit here. if you want to hold for long term and target profit from 2x-5x then Btc is good option otherwise look for other good Altcoin having some good demand which give you at least 5x in two years
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Inwestour
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March 28, 2023, 10:27:22 AM |
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1$ is too low but according to the basic rule "" don't invest more than you can afford to lose" i think its very good because monthly your investment will be 30$. here i will give advice that instead of adding 1$ daily, it will be good option to add 30$ monthly. if you buy with credit card, it will cost you daily. if you choose monthly deposit then you have to pay only one time fee for depositing.
Buffett would not agree with you, because he invests very large sums, but at the same time he is definitely not ready to lose them. We create savings and invest them, for many of us this is a lot of money, especially if we are talking about a long investment time, which can take several years. To begin with, these will not be very large amounts, but over time we can increase them when our income grows. Therefore, investments will always be those amounts that we cannot afford to lose. You need to take care of their safe hold, and think about diversification when investments reach large values.
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Bushdark
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March 28, 2023, 01:12:23 PM |
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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?
Making at least $1from crypto trading is a lots of money if we can be doing that consistently without any loses. There are some traders in the cryptocurrency market thqt can make up to $1000 in a trade and lose like $1500 in the other trade. This is a big lose in case we don't know. This kind of traders will keep making profits and losing it at the next trade. We need to understand what we are doing and make appropriate calculations before we think that we are making profits when we are not . Trading needs risk management which many traders donnot really care about. Our risk management is what will determine whether we are going to be making profits or loses.
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Rigon
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March 28, 2023, 01:39:34 PM |
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Is 1$ 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?
I will accept the plan you have made but I want to know from you how many days or years you want to invest. If you invest for a fixed time period of 10 years or 20 years then I would definitely support that it is better. But of course you will convert 1 dollar per day to Bitcoin. After 10 years or 20 years, you will see that you have a huge amount of money from here. Many people save for future plans but the decision you take to invest is a good one so I definitely support it
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tjtonmoy
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March 28, 2023, 03:36:48 PM |
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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?
It is okay based on your daily income. And BTC is the best option, even it's 1 cent. I have no faith over Alt coins. They are centralized shit trying to be better than BTC. In the end, they can't provide what they promise. That's why they are struggling, and the main reason is that they can be manipulated. So it is better to stick with BTC. Also remember, every cryptocurrency comes with high risk and their nature of being volatile still remains. If you are willing to hold for a long time and not change your routine, then after 2–3 years, you will make a good profit. So good luck.
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Crypto Library
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March 28, 2023, 05:43:37 PM |
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1$ is too low but according to the basic rule "" don't invest more than you can afford to lose" i think its very good because monthly your investment will be 30$. here i will give advice that instead of adding 1$ daily, it will be good option to add 30$ monthly. if you buy with credit card, it will cost you daily. if you choose monthly deposit then you have to pay only one time fee for depositing.
I will agree with you that if he wants to invest one dollar per day then in my opinion the transaction fee will be more than his investment. I have also taken such a strategy for several months that I will buy $10 worth of bitcoins every week. After two or three weeks, I see that the transaction fee is a little higher than the investment. For this, I now invest for two or three or four weeks at a time, and I have added a little technique that when the market dips a little, I do this investment. I will also suggest op that instead of thinking about daily investment think about monthly or weekly investment I think it will be good. And the investment must be long-term and of course you can use hardware wallet for this, your security will be good, as well as you can increase security through private key encryption when using other Hot wallets.
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Junii
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March 28, 2023, 08:44:12 PM |
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Investing $1 per day in cryptocurrency may seem like a small amount, but it can add up over time, especially if you are consistent with your investments. However, it is important to remember that cryptocurrency markets can be volatile, and investing any amount comes with risks. If you are able to invest consistently over a long period, the compounding effect could potentially generate significant returns, but it is not guaranteed. The potential for profit with this type of investment plan depends on various factors, such as the cryptocurrency you choose to invest and the market conditions, and the timing of your investment.
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Mr.right85
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March 28, 2023, 08:46:53 PM |
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1$ is too low but according to the basic rule "" don't invest more than you can afford to lose" i think its very good because monthly your investment will be 30$. here i will give advice that instead of adding 1$ daily, it will be good option to add 30$ monthly. if you buy with credit card, it will cost you daily. if you choose monthly deposit then you have to pay only one time fee for depositing.
You can only give what you've got and that is, what you can release and still have peace with yourself. $1 might look low for some but, that's some cool cash for others if they could earn that daily. There is a thing called "Contribution" amongst some locals in my nation, where they get to pull out funds either daily or weekly based on what package they are interested in and this is done within a period with all the proceeds given to one member. Then, it is rotated to another member and it continues to revolve. Some times, they get to pull out less cash and at other times, it's done annually where each individual gets to reap what they contributed. These guys are often happy at the end of it all and the same would be the outcome and possibly bigger if you could stay true to the plan and not sell due to FUD or out of desperation.
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|MINER|
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March 28, 2023, 08:48:58 PM |
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Is 1$ 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?
Depending on your income, one dollar a day, seven dollars a week I think is enough. It will not be the cause of your financial crisis if you do Bitcoin investment. If you go to the previous history, then those who hold Bitcoin for long term will easily understand how well off they are financially. I appreciate your move, and suggest you definitely hold it for the long term and at least try a bitcoin halving.
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Fatunad
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March 28, 2023, 08:50:00 PM |
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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 more the better but since we arent that financially capable on doing so, then $1 per day wont really be that bad if this is something that would really be only your limit but just like i said earlier that the more the better but we know that not all would really be that having that finances on doing so and this is why it would really be just limited. For any investment then proper planning and allocation does really differ on each person because we dont know on where they do get their income sources which we know that there are ones who do solely rely with their income from their day jobs minus the expenses then this is where they do get their investment funds which we know that it would really be not just that big.
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sana54210
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March 28, 2023, 09:26:24 PM |
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1$ is too low but according to the basic rule "" don't invest more than you can afford to lose" i think its very good because monthly your investment will be 30$. here i will give advice that instead of adding 1$ daily, it will be good option to add 30$ monthly. if you buy with credit card, it will cost you daily. if you choose monthly deposit then you have to pay only one time fee for depositing.
I will agree with you that if he wants to invest one dollar per day then in my opinion the transaction fee will be more than his investment. I have also taken such a strategy for several months that I will buy $10 worth of bitcoins every week. After two or three weeks, I see that the transaction fee is a little higher than the investment. For this, I now invest for two or three or four weeks at a time, and I have added a little technique that when the market dips a little, I do this investment. I will also suggest op that instead of thinking about daily investment think about monthly or weekly investment I think it will be good. And the investment must be long-term and of course you can use hardware wallet for this, your security will be good, as well as you can increase security through private key encryption when using other Hot wallets. I agree that investing part by part is better, or we could just do a bulk. Remember this guy said that he makes 10 bucks per day, so that means it is 300 bucks a month, so in 3 days he could have 30 bucks, and he could invest that, depends on how obviously because if he is investing via something that costs a lot, that would be a trouble. However, in my nation there is "put your fiat into exchange, then buy bitcoin" stuff which doesn't really cost any transaction fee, and they can do that easily. So in 3 days he would put all his earnings into bitcoin and for another 27 days he would not invest another dime and use that into living normally. That sounds like a good idea.
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ScamViruS
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March 28, 2023, 09:43:39 PM |
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Is 1$ 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?
Your thinking is right. It is important to be aware of the risks involved in making any investment. It is a good decision to keep 10% of your income aside for investment, as this will reduce the financial pressure on you if any unexpected movement occurs in the market. Since you want to invest then decide which coins you want to invest in. Investing in Bitcoin will be the best option for you because here you can reduce the risk much compared to other coins.
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AmoreJaz
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March 28, 2023, 11:42:07 PM |
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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?
Your thinking is right. It is important to be aware of the risks involved in making any investment. It is a good decision to keep 10% of your income aside for investment, as this will reduce the financial pressure on you if any unexpected movement occurs in the market. Since you want to invest then decide which coins you want to invest in. Investing in Bitcoin will be the best option for you because here you can reduce the risk much compared to other coins. wonder if the OP keep up with his goal because it is already a year after he posted such target. because if he did, he may incur losses if he will sell it now, because the time he posted this thread, btc was in the range of 40k level. and now we are below 30k.
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ScamViruS
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March 29, 2023, 06:53:09 PM |
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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?
Your thinking is right. It is important to be aware of the risks involved in making any investment. It is a good decision to keep 10% of your income aside for investment, as this will reduce the financial pressure on you if any unexpected movement occurs in the market. Since you want to invest then decide which coins you want to invest in. Investing in Bitcoin will be the best option for you because here you can reduce the risk much compared to other coins. wonder if the OP keep up with his goal because it is already a year after he posted such target. because if he did, he may incur losses if he will sell it now, because the time he posted this thread, btc was in the range of 40k level. and now we are below 30k. He said he would invest $1 in crypto perday, and if he continued to invest he could buy bitcoins in the area of $15k. As a result, his purchase price would have averaged as much as the market would have dumped, so he might not have made much of a loss at the current price. So if he actually followed this strategy he would have got a better return in future.
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BITCOIN4X
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March 29, 2023, 07:17:17 PM |
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He said he would invest $1 in crypto perday, and if he continued to invest he could buy bitcoins in the area of $15k. As a result, his purchase price would have averaged as much as the market would have dumped, so he might not have made much of a loss at the current price. So if he actually followed this strategy he would have got a better return in future. This is a kind of saving strategy that is carried out consistently throughout the year. The OP may not need to buy bitcoin every month, but he can also buy at the end of the year when he has $360 in his account. If the OP did it in the early days of bitcoin then surely he would have gotten commensurate returns, but if he does it now then I don't know when he will have 0.5 bitcoin as his investment asset. Even if I may consider the price volatility, it would take many years to accumulate 0.5 btc in his investment account. But anyway, this idea is not bad as long as he understands and believes in the future potential of bitcoin. My assumption is the OP isn't investing in bitcoin, but chances are he will be doing it in altcoin. $360 per year might be good to expect worth it returns.
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Lanatsa
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March 29, 2023, 08:57:39 PM |
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Is 1$ 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?
Your thinking is right. It is important to be aware of the risks involved in making any investment. It is a good decision to keep 10% of your income aside for investment, as this will reduce the financial pressure on you if any unexpected movement occurs in the market. Since you want to invest then decide which coins you want to invest in. Investing in Bitcoin will be the best option for you because here you can reduce the risk much compared to other coins. wonder if the OP keep up with his goal because it is already a year after he posted such target. because if he did, he may incur losses if he will sell it now, because the time he posted this thread, btc was in the range of 40k level. and now we are below 30k. For sure if you do make hold and accumulate a dollar a day then you are projecting for long term aspect and it is really just right that you shouldnt really be selling out in loss. Just like the rest been saying that the amount for a buck/day is just too small if you are planning to somewhat making big or huge profits in the future but since this is the only money you could afford then there's nothing we can do. Its better rather than on having none at all. If possible then it would be good if you would be considering on adding it up if ever you do have the chance or the opportunity.
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Greggry
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March 29, 2023, 09:07:13 PM |
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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?
Is wonderful plan dude base on your size. To some that maybe too tittle for them. But the $10 per day you're making is it from other source? You can plan towards making it a priorities to investment more than that. I guess you're related to irregularities of price bearing which means some days you might surprise at your investment. I think also you save better amount to start than dropping daily a $1 which you might enjoy the outcome except you're willing to endure the price time.
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stormterror
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March 29, 2023, 09:42:48 PM |
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You can join any stable coin pool in defis, you be easy to reach that amount dayly with not much risk
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Cryptmuster
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March 30, 2023, 08:40:28 AM |
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This is a kind of saving strategy that is carried out consistently throughout the year. The OP may not need to buy bitcoin every month, but he can also buy at the end of the year when he has $360 in his account.
If the OP did it in the early days of bitcoin then surely he would have gotten commensurate returns, but if he does it now then I don't know when he will have 0.5 bitcoin as his investment asset. Even if I may consider the price volatility, it would take many years to accumulate 0.5 btc in his investment account. But anyway, this idea is not bad as long as he understands and believes in the future potential of bitcoin. My assumption is the OP isn't investing in bitcoin, but chances are he will be doing it in altcoin. $360 per year might be good to expect worth it returns.
Waiting a whole year is not a good idea, especially when we talk about it in a bear market. Everything can change dramatically and bitcoin will cost not 28k, but maybe 50k or even more. Also, saving just $1 a day is not that much and I'm sure if the OP tries he can increase the amount to invest. Each goal starts small, but as it is achieved, conditions can change and this will affect the result.
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Dr.Osh
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March 30, 2023, 09:04:30 AM |
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if you can only spend $ 1 for investment then that's enough. if it's consistent, then in a few years' time, it's going to be really a lot. In fact, it's safe to say that not everyone can afford to invest $28-$31 per month, which means you can invest as much as $360+- per year. we don't know which bitcoin or altcoin potential you will invest in. however, consider if it's a pump, then you might be able to get a pretty good return. The point of investing like that is to be consistent. make sure you choose a trusted crypto investment.
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