365Days X10 years

[HeatBit]

Good afternoon everyone, I finally find my way to this forum finally, I was met with some difficulty trying to post, I can't post unless I paid some Bitcoin to a Bitcoin wallet that was given me, I got over that today. I need some advice about what I plan to do l, my friend told me that I can still have a good shot at Bitcoin starting from now but I don't make alot of money, all I can afford per day is a dollar, I want to know if someone like me even have a shot becoming a Bitcoin investor. I can afford to invest $1 and I am thinking if bitcoin can survive for the next 10 years to now, a dollar per day into Bitcoin for the next 10 years can't do me anything but I want to know if it will end up Worthing the shot.

[rat03gopoh]

I am thinking if bitcoin can survive for the next 10 years to now,

In my personal opinion, this is very possible, but I won't try too hard to convince you about the future. If you want to proceed with this plan without conviction, just assume you lose $1 every day for the next 10 years.

a dollar per day into Bitcoin for the next 10 years

I have no idea where to find a dex with a minimum of $1 per trade. You might want to go with your local exchange, accumulate it then withdraw to a custodial wallet monthly. This would also significantly reduce consolidation fees.

[Charles-Tim]

In my personal opinion, this is very possible, but I won't try too hard to convince you about the future. If you want to proceed with this plan without conviction, just assume you lose $1 every day for the next 10 years.

This is not true.

If he invest $1 on bitcoin everyday for the next 10 years, it will be better than saving fiat. Bitcoin has proven itself as a store of value if you get how to invest in it rightly.

He is not losing $1 daily but there is high chance that he will make money from the investment.

But why not weekly or monthly (instead of daily) which is better and realistic.

[Odohu]

Good afternoon everyone, I finally find my way to this forum finally, I was met with some difficulty trying to post, I can't post unless I paid some Bitcoin to a Bitcoin wallet that was given me, I got over that today. I need some advice about what I plan to do l, my friend told me that I can still have a good shot at Bitcoin starting from now but I don't make alot of money, all I can afford per day is a dollar, I want to know if someone like me even have a shot becoming a Bitcoin investor. I can afford to invest $1 and I am thinking if bitcoin can survive for the next 10 years to now, a dollar per day into Bitcoin for the next 10 years can't do me anything but I want to know if it will end up Worthing the shot.

If you can set aside a dollar per day for Bitcoin and still have some balance to meet your other needs without pressure, you are surely going to do great as a bitcoin investor. You should start saving the money to be investing it biweekly or monthly which is $15 every two weeks or $30 dollar every month, after which you withdraw it into your private wallet and store them safely. If you do this consistently, you would have invested $3,600 in Bitcoin for that 10 years judging by past data, the price of Bitcoin would have been approaching $500,000 per Bitcoin, so your $3,600 investment can be giving you over $16,000 in the next 10 years. Please do not ignore the power of little beginning, start first and see how good you will feel at the end of the year.

[Die_empty]

I can afford to invest $1 and I am thinking if bitcoin can survive for the next 10 years to now, a dollar per day into Bitcoin for the next 10 years can't do me anything but I want to know if it will end up Worthing the shot.

Bitcoin has proved to be a reliable and profitable asset. Doing everything within your power to buy it is supported by me. If you are consistent and patient, you won't regret this move.

I have no idea where to find a dex with a minimum of $1 per trade. You might want to go with your local exchange, accumulate it then withdraw to a custodial wallet monthly. This would also significantly reduce consolidation fees.

It would be easier if he saved his daily one dollar for one month and bought Bitcoin at the end of every month. This will save him some transaction fees.  Buying $30 worth of Bitcoin every month looks small but it is better than not investing. If OP is consistent for some years, he might get a substantial amount after a long time.  

[Marvelockg]

I can afford to invest $1 and I am thinking if bitcoin can survive for the next 10 years to now, a dollar per day into Bitcoin for the next 10 years can't do me anything but I want to know if it will end up Worthing the shot.

One of the things you will eventually get to learn on the forum is that as much as you should work on owning some bitcoin as an investor or an intending one, you should also not neglect the need to improve on your finance so it becomes easy for you to invest in bitcoin and in the event of a bull, you get to also profit from it. let us assume that based on what you are earning you can afford to invest $5 out of the $10 dollar you are earning per 10 days, in a months time, the highest you can invest in bitcoin will just be $15 and practically, that is a small amount to invest per month if you want a good portfolio even for a period of ten years.

increase on your income, learn more about the forum while you can still start with the little you have. investing in bitcoin is not a do or die affair and if because of your current financial position you will not be able to invest in bitcoin, there is no point trying to make it look like you must do it at all cost. start investing from somewhere but do not purse every aspect of your life just because you are investing in bitcoin.

[5W-KILO]

Savings isn't bad after all, what I can promise you is that saving in Bitcoin is better than keeping those $1 for the next 10years in a bank account.

Even if Bitcoin doesn't go up or down from here till the next 10 years, that makes the amount $3000+, for every dollar per day? That's a good saving strategy on its own.

Not to talk about the potential that Bitcoin has over every thing else, it's already on par with Gold and valuable items around the world, the value will never be the same in the next 10 years.

This is a win- win situation.

[Yamane_Keto]

Even if Bitcoin doesn't go up or down from here till the next 10 years, that makes the amount $3000+, for every dollar per day? That's a good saving strategy on its own.

I don't want to be discouraging, but if you invest $1 a day for ten years, that's equivalent to:

$30 a month, or 0.00036 Bitcoin per month. If you're lucky and the price of Bitcoin doesn't increase for ten years:

0.00036 * 12 * 10 = 0.0432 BTC.

Then, if the price of Bitcoin suddenly jumps to $1 million, your total investment will be $43,200 (it will be less than that). While $43,000 is a good amount, it might not change your life.

If HeatBit invest $10 a day, your life could change much more.

[Die_empty]

Then, if the price of Bitcoin suddenly jumps to $1 million, your total investment will be $43,200 (it will be less than that). While $43,000 is a good amount, it might not change your life.

If HeatBit invest $10 a day, your life could change much more.

You view that $43,200 will not change their life is relative. It would depend on the plans and location of the inventor. If he plans to start a business or own a house with his proceed from Bitcoin, that amount will be enough. In some countries that amount will be enough for someone to live comfortably for a long time. Everyone would invest based on their financial capacity and Bitcoin gives that privilege since it can be bought in bits.

[KingsDen]

In my personal opinion, this is very possible, but I won't try too hard to convince you about the future. If you want to proceed with this plan without conviction, just assume you lose $1 every day for the next 10 years.

This is not true.

If he invest $1 on bitcoin everyday for the next 10 years, it will be better than saving fiat. Bitcoin has proven itself as a store of value if you get how to invest in it rightly.

He is not losing $1 daily but there is high chance that he will make money from the investment.

But why not weekly or monthly (instead of daily) which is better and realistic.

What exactly is not true about what rat03gopoh said?
It seems you misunderstood him. He doesn't literally mean that Op will be losing $1 everyday for 10 years, rather he meant that Op should treat the $1 as a lost money for 10 years. So, OP should invariably not focus on the reward in 10 years time, but he should focus on losing $1 daily. I don't know if you get now...

I agree that going $7 weekly would be a better plan for him and if he also considers the convenience.

[Silverstonez]

You strictly follow the habit plan so far and your plan actually shows discipline that many people lack. So given that bitcoin isn’t a short term investment, the plan can result in something great in the long term. Investing $1 per day may look small in the eyes but if you are consistent over time matters more than the amount. It is just few people that would even have the discipline to save 1 dollar a day. In the long term, 1 dollar adds up to a  bit, and no one is going to complain about extra money.  A dollar a day can build your patience and savings into something even bigger, and bitcoin is a generally trusted investment,  even if the return isn't a whole lot, you're not spending a massive amount.  Overall,  your plan is worth the shot.

[Charles-Tim]

rather he meant that Op should treat the $1 as a lost money for 10 years.

This is the reason he is wrong, it should not be treated as a lost money, he should be treated as an investment. Bitcoin investment is not gambling, bitcoin investment is not trading. It is gambling and trading money that should be considered lost, not the money invested on bitcoin. It should make that as fact because that is what it is.

[GeorgeJohn]

Good afternoon everyone, I finally find my way to this forum finally, I was met with some difficulty trying to post, I can't post unless I paid some Bitcoin to a Bitcoin wallet that was given me,

We are fade up with this kind of story..i want to ask you, how did you got the information of bitcointalk if not someone who is here already...it maybe that, these acct might be a someone's alt if I'm not mistaken.

I got over that today. I need some advice about what I plan to do l, my friend told me that I can still have a good shot at Bitcoin starting from now but I don't make alot of money, all I can afford per day is a dollar, I want to know if someone like me even have a shot becoming a Bitcoin investor. I can afford to invest $1 and I am thinking if bitcoin can survive for the next 10 years to now, a dollar per day into Bitcoin for the next 10 years can't do me anything but I want to know if it will end up Worthing the shot.

That's your mission to be here? Because based on what your friend adviced you, if you wants to invest in bitcoin, you can invest in bitcoin without joining forum, they're some many persons that doesn't know about forum but they have so many bitcoin they accumulated..

If you focus on reward from here, you may lost out, i will advice you to concentrate on learning of Bitcoin and it's technologies, but something is telling me that you're a new alt.

[Cryptoprincess101]

Some replies here are sounding like OP earns a dollar everyday but i don't see it that way, i just think that a dollar is what OP can afford to lose each day, so he finds it convenient to invest daily. OP just look for another investment and channel your money because investing $1 each day means you will not get a huge profit in 10 years and even your accumulated amount will be so small. Unless you want to start investing with that $1 each day then along the line you increase the amount to something reasonable. Investing only $1 for a whole 10 years will be a total waste of time.

[logfiles]

I don't want to be discouraging, but if you invest $1 a day for ten years, that's equivalent to:

$30 a month, or 0.00036 Bitcoin per month. If you're lucky and the price of Bitcoin doesn't increase for ten years:

0.00036 * 12 * 10 = 0.0432 BTC.

Then, if the price of Bitcoin suddenly jumps to $1 million, your total investment will be $43,200 (it will be less than that). While $43,000 is a good amount, it might not change your life.

If HeatBit invest $10 a day, your life could change much more.

Maybe $1 per day is what he can afford on a consistent basis for 10 year. $10 per day seems easy, but it isn't. For example, can you consistently do $10 per day for the next 10 years?  

$43,200 is much better than nothing. It is also much better than just a $3,000 saving after 10 years.

[rat03gopoh]

In my personal opinion, this is very possible, but I won't try too hard to convince you about the future. If you want to proceed with this plan without conviction, just assume you lose $1 every day for the next 10 years.

This is not true.

If he invest $1 on bitcoin everyday for the next 10 years, it will be better than saving fiat. Bitcoin has proven itself as a store of value if you get how to invest in it rightly.

He is not losing $1 daily but there is high chance that he will make money from the investment.

But why not weekly or monthly (instead of daily) which is better and realistic.

Isn't my opinion still relevant? In fact, it's common advice that... "invest what you can afford to lose."

OP came here without sufficient confidence, somehow, his friend's way of letting him with $1 (including fees?) would make sense. We'll just say the long-term probability is high because we already know how Bitcoin actually works, and we're not just investing $1 a day, but dedicating all our precious time to this currency in every way.

But I wouldn't try to convince someone who still smells of possibilities (like pushing them into a scam) without explaining the underlying reasons and the risks. Likewise, I'm not discouraging OP from starting with $1 a day, because over time, he'll gain more valuable insights from others (esp.this forum) who will increase his confidence and invest responsibly. Maybe next year it'll be $5 a day, who knows?

I just want to save OP's friend from asking the same questions if the market trend is like today: "Why is the price dropping?", or "When will it bounce back?", or "How long will this continue?". In the real world, many Bitcoin investors still rely solely on other speculations. Maybe you haven't experienced it, I used to face it every day and it was quite a headache.

[PrivacyG]

I want to know if someone like me even have a shot becoming a Bitcoin investor.

If you can become an investor in a Corporation worth Trillions of Dollars, you can become a Bitcoin investor too.  1 Dollar today, 28 this month, some more Money you get to save up in February, it adds up really fast.  In my opinion you better start now than later if this is what you want to do, you will find many opportunities along the way to invest more per month than that.

The sum Yamane_Keto calculated, it can be retirement Money in some countries around the World.  Or a new car or a small apartment in more expensive countries.  It is worth it in my opinion.