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Author Topic: 1$ per day crypto investment plan any good ?  (Read 1905 times)
stomachgrowls
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June 11, 2023, 08:51:01 PM
 #241

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's clearly better than nothing. "Enough" really depends from person to person and from country to country.

Also be aware that you probably won't deposit each $ separately, won't buy BTC for each $ separately and the withdrawals to your own wallet are not cheap, hence you'll have to check all the fees involved and plan accordingly. For such small amounts the fees can be a big problem, especially if you are not super-careful.
Exactly, and this is which people should really be that mindful about on taking up such step because on the time that you would really be making these micro transactions then you would really be making yourself that
been consumed out just only with fees alone or one buck isnt really that enough considering on network fees on which it would really be just that sensible that you would really be accumulating fiat until
it would really be that significant and this is the time you would really be considering on buying in bulk so that you would really be able to save up fees. $1 might be that small and saving it up
a month would be $30 minus the fees then it would be lesser but of course each person does have its own capacity when it comes to finances on which it would really be that understandable
that there are some who could be able to save up more and to those who do able to save up less.

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June 11, 2023, 11:18:52 PM
 #242

OP, Considering your present earnings of up to $10 each day investing $1 in cryptocurrency per day can be a decent place to start. It is crucial to keep in mind your financial obligations and avoid overextending yourself. Despite the fact that $1 a day can seem insignificant regular investments over time can build up. Your investing objectives and risk tolerance will determine whether BTC is the best choice. Although BTC has previously demonstrated growth potential it is vital to keep in mind that the cryptocurrency market can be unpredictable. To locate cryptocurrency possibilities that fit your financial goals think about diversifying your assets and looking into various types of digital currencies. Keep in mind that investing always entails some level of risk so it is crucial to conduct careful research and make judgements based on your unique situation.
If we know what we are doing as a trader with a good skills, we can earn good amount of profits from the market as a trader. Earning as a crypto trader could be a little difficult if we don't know the right pair of currency we need to trade on. Trading a volatile coins pairs will be very easy to achieve especially when we know the direction of the market. There are some currency pairs that don't used to have a good movement only a ranging market. There are  lots of things we need to put into consideration for this to be achieved and if not, loses might be what we could get especially when trading with leverage that is too high.









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June 11, 2023, 11:38:19 PM
 #243

put your responsibilities first, then whatever you invest in crypto , it will still be part of your investment. even though $1 is a small value, it is even better than not investing at all. use your money for what you need for the things you need, but never sacrifice it for investment because we never know when our investment will generate profit.
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June 12, 2023, 12:30:24 AM
 #244

OP, Considering your present earnings of up to $10 each day investing $1 in cryptocurrency per day can be a decent place to start. It is crucial to keep in mind your financial obligations and avoid overextending yourself. Despite the fact that $1 a day can seem insignificant regular investments over time can build up. Your investing objectives and risk tolerance will determine whether BTC is the best choice. Although BTC has previously demonstrated growth potential it is vital to keep in mind that the cryptocurrency market can be unpredictable. To locate cryptocurrency possibilities that fit your financial goals think about diversifying your assets and looking into various types of digital currencies. Keep in mind that investing always entails some level of risk so it is crucial to conduct careful research and make judgements based on your unique situation.
If we know what we are doing as a trader with a good skills, we can earn good amount of profits from the market as a trader. Earning as a crypto trader could be a little difficult if we don't know the right pair of currency we need to trade on. Trading a volatile coins pairs will be very easy to achieve especially when we know the direction of the market. There are some currency pairs that don't used to have a good movement only a ranging market. There are  lots of things we need to put into consideration for this to be achieved and if not, loses might be what we could get especially when trading with leverage that is too high.
Your viewpoint is entirely valid. Good traders are referred to as skilled or expert traders since they have superior abilities and understanding. Whether investing in cryptocurrencies or other assets they are aware of all market fluctuations. A competent trader will cease trading an asset if they believe its price will increase in the future and will instead hold onto it in anticipation of making significant profits. Similar to traditional trading becoming an expert in cryptocurrencies involves a certain set of abilities, as well as market awareness, a comprehension of profitable coin pairs, and the ability to gauge volatility. With these skills one can also make significant gains in cryptocurrency trading.
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