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 think btc is the best option for you it is a long term investment, if you invest 1$ everyday in a total of 5 to 10 years then you can maybe earn depending on the bitcoin price by the time you withdraw it on your wallet, one 1$ is not a big amount so you need to wait for a long time before you can get huge profit.
I agree with this since bitcoin has seen to be the strongest in the crypto market. I think bitcoin will still be at this state for a long time so investing with this is a great move to put the money that you can afford to lose. I think that it is smart move to always consider your financial needs before going into making part of your money to go to investment, always secure your needs before deciding in taking the risk.
It all depends on the volatility here. If you invest $1 a day, the volatility is not too noticeable. And the whole question is when you invest. Maybe this altcoin has already peaked. When investing small amounts, risk management is usually not followed.
Well when it comes to altcoins things can get interesting, because generally an altcoin is very difficult for it to rise in price, generally altcoins depend directly on bitcoin, and unless bitcoin is in an uptrend, it is the best time to buy altcoins, because if the trend continues, what it will do is make the altcoin multiply its value, and 1 dollar can even reach 10, and if by chance you trade, and if it flattens out, then things become more interesting and you can bet more to earn more, but if and only if when you are sure that the trend is bullish.
I had same sentiment since it has been always proven that most of the altcoins follow the trend of bitcoin as if it is the major indicator. If you are considering in broadening your portfolio, you can consider the most competent altcoin in the market such as ETH since these are the crypto that would stay since it show great performance in the market. It actually boils down to having in-depth analysis of each investment so that the risk would be lessen. We all want returns of our investment so just be careful on where to put it and just invest what you can afford to lose.