Investing 1$ every day in bitcoin over the last five years

[Kez1817]

Very interesting and encouraging strategy of making money in bitcoin. Investing $1 dollar everyday, I think it is not too late now to start saving a small percentage of your salary and invest it in bitcoin. Why I did not think of it before? Maybe i have my own business now...regrets is always at the end.

[Axelseseclevz]

Your words are appreciated.A proverb goes,"The continent is formed by small sands."Even if we think to save 2% percent of pocket money and invest in bitcoin it can be a huge  somedays.A good patience  and wise decision can change the life.

And I want to imitate his strategy, who know I can also earn from a small saving that I can afford to invest in bitcoin starting now. Bitcoin has a bright future and if it will drop again better to invest than to regret again someday.

[jpnl0005]

First I would like to say thank you for sharing this idea  this raw gold like they say consistent little drops of water makes an ocean .... I have to start making this a part of me from today thanks again

[royalfestus]

We dont look at some challenges in this line of investment. The transaction fee daily and the ability to buy $1 worth bitcoin everyday. He can save to certain amount before purchase, the amount purchase will depend on exchange, price of bitcoin at the time of purchase and transaction fee requested. Investment or savings in trickles is the best but the strategy matters for any form of investment.

[verita1]

This thought is totally correct and motivating. Hope some will follow this advice. In particular, I put it into practice whenever I can with the idea of ​​helping my nephews in their education in a few years. Also when they are of legal age I will teach them how to use a bitcoin wallet and make money with bitcoin. I hope that by that time we will have better Bitcoin-based solutions.

[goldade]

It is amazing to know that $1 a day can be accumulated to more than $20k in just 5 years. Only if one had done this just a few years back. However, one can't still blame people for not doing it. People didn't trust bitcoin five years ago as they do now which means if you had introduced this to people even myself, they'd have rejected it outrightly. People were mainly for schemes to get rich quick and not not something that'll span five years.
It's noteworthy to know that bitcoin yields better investment returns than banks. It is only a matter of time before people begin to put their trust in bitcoin rather than banks

[bryant.coleman]

See, the OP had carefully selected the 5-year period. Why not 6-years? Back in 2015, Bitcoin had reached an all time low of around $180 per coin, after crashing from $1,130 per coin in December 2013. Those who made their investments in 2013 were at a loss of more than 85%. And I personally know a few people who made their investment in 2017 December, when we had the ATH. Even now, those investors are at 45% loss.

[JayJuanGee]

See, the OP had carefully selected the 5-year period. Why not 6-years? Back in 2015, Bitcoin had reached an all time low of around $180 per coin, after crashing from $1,130 per coin in December 2013. Those who made their investments in 2013 were at a loss of more than 85%. And I personally know a few people who made their investment in 2017 December, when we had the ATH. Even now, those investors are at 45% loss.

Seems to me that the idea of this whole topic revolves around investing a dollar a day - or at least regularly buying BTC at no matter what the BTC price... which is a form of dollar cost averaging buying.

Of course, if you selectively pick a period and you lump sum invest in BTC at the top of the BTC and then you do not invest in BTC again, then it is going to take way more time for your BTC investment to get back into the black - however, DCA investing can be shown to be profitable, even if you had started investing at the top of BTC's historical price.

Look at this DCA website to see that the longer the period showing a three year investment in BTC as compared to gold and Dow Jones Industrial average.  You can play around with the time settings at such linked website and verify that historically the more your BTC portfolio will be in profits in terms of the greater the amount of time that you had been invested in BTC.

Of course, past BTC price performance does not guarantee future BTC price performance results, but really we do not have any kind of meaningful evidence now in existence to show that BTC is lessening in terms of potentially serving as an ongoing good investment in current times and into the future.   Furthermore, current BTC prices seem to continue to show ongoing asymmetric betting on BTC in comparison to any other asset classes - whether we are comparing BTC's current position and fundamentals to traditional asset classes or to various shitcoins.

In other words, bitcoin remains the likely ongoing leader in terms of any asset class that any person (whether normie, poor person, institution or even government) should be motivated to invest into using dollar cost averaging principles and practices so long as their investment timeline is 4 years or greater, and of course, the longer the investment timeline, the more likely that the employment of DCA principles and practices and solid ongoing accumulation of BTC along the way is likely to show profits and even decent likelihood of prosperity (of course, no guarantees with any investment that anyone chooses to make).

So part of the point that seems to be argued in this thread (and through OP) is to consider the BTC investment thesis in terms of DCA practices and principles rather than lump-sum investing and attempting to time the market and in your example situations that you argue, in which the lump sum investing at the top of the BTC price ends up in a long period of the BTC portfolio being in the red - which circumstances seem to be the exception rather than the rule in BTC that historical analysis of the BTC price performance shows - would have largely resolved that being in the red situation through an ongoing DCA approach.

[hridoyb]

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.



Watch the video here:
https://twitter.com/JamesTodaroMD/status/1223670320541900800
Source :
https://bitcoinist.com/if-youd-invested-1-a-day-in-bitcoin-over-the-last-5-years/

Yes.its a great idea to increasing  asset also.Everyday we waste lots of money but we can invest  1$  everyday and it wil be 365$ after 1 year.Bitcoin give you more  profit  than any other investment. Most of the people  donot know how to use their money properly.

[Josefjix]

The chart flow proves Bitcoin investment is paramount to stock, banking and even estate management. Whereas your annual yield income is higher than what the bank can offer. This is really interesting. I just posted the video on my community.

[The Wasp]

It's worth noting that this video was made in February 2020. Now the number would have been at least twice as high. So over $40,000 of an investment of around $2,000. Not bad!

[fauzan123]

Your words are appreciated.A proverb goes,"The continent is formed by small sands."Even if we think to save 2% percent of pocket money and invest in bitcoin it can be a huge  somedays.A good patience  and wise decision can change the life.

Everything can happen as long as there is the right willingness and commitment, so that it can be achieved properly. Because everything will indeed start small and become big with goals and hopes, it is not impossible that it will make us billionaires.

Even Steve Jobs started his business in the garage and also other successful people.

[UserU]

When I saw this topic again, coincidentally this video from Davincij15 showed up on my YouTube feed. He was asking people to invest $1 in 2013 and he is definitely laughing all the way to the bank right now.



You could imagine many people regretting in the comments right now.

[soetikno]

now is 2020 and bitcoin is currently priced in the range of $17K - $18K, if we go back five years back in 2015 bitcoin is around $ 500, if we invest $1 per day in 5 years maybe get a pretty good profit if from 2015

[btc78]

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.



Watch the video here:
https://twitter.com/JamesTodaroMD/status/1223670320541900800
Source :
https://bitcoinist.com/if-youd-invested-1-a-day-in-bitcoin-over-the-last-5-years/

Profit of 20,045$? in how much value of Bitcoin this Buying ?each day the value changes and we can't count it as same value the whole 5 years,he might purchase when there's a fall at 4-8k but he might purchase in season like this at 17-19k.


It is not better counting the profit in this sense instead the goodness of investing per day ,that alone covers the great action per individuals.

Imagine how many forum members we are?just assume 1$ a day not counting if Whales may 1million per day.
How much value will it add to bitcoin alone and of course alts will be on the same trip.

I'm trying since febuary to Buy bitcoin weekly but sudden that pandemic comes so i had no choice but to stop for a while.

[overttherainbow]

DCA is a magical thing. I do it for more than 1 year on bitfinex from my bank card. And you need good nervous system to buy btc regulary despite of everything

[Shallow]

This is really an eye opener, no wonder they said " slow and steady wins the race" meaning if you are consistent with whatever you do, you will surely win. However, the reason why a lot of people won't consider this is, they see it as a small amount and probably a time wasting endeavour but this article has proved everyone with that mindset wrong. Also, I believe the main idea to get from this article is, investing whatever you can about Bitcoin at every slightest opportunity be it daily, weekly or monthly, will surely yield a lot at the long run. I have really learnt something today and will definitely put it to practice.

[Debonaire217]

This is what we are might not have been seeing in terms of accumulating Bitcoin. The reason is that we are buying Bitcoin based on its price not understanding that the price for the long term is going up. Though it is reasonable to think this way as we are eliminating the risk to buy for the low Bitcoin prices. It is just that, if we are going to look in the long term and if we don't have enough time, buying bitcoin every day will really help us to gain profit in years.

[Tingtong]

You can not invest every day 1 $. Your chart is good cause after five years you get huge amount that you can spend your real life. Bitcoi price can not stable it price can dump in a day. So it is risky way.

[ChrisPop]

Pretty mind-blowing if you think about it 

Opportunities come and go. The important thing is to be aware of the changes in the environment to catch these moments when you can really upgrade your financial game. In other words we must have an open-mind. I've noticed how old patterns and habits of our society are starting to change. Nothing lasts forever. That's why we must be flexible in our thinking and fast in our actions.