Post
Topic
Board Trading Discussion
Re: 1$ per day crypto investment plan any good ?
by
BitcoinTurk
on 31/05/2023, 00:30:58 UTC
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 a method where you can have a very good savings at the end of a year depending on the movements that will occur in the cryptocurrency markets, but there is also a possibility that the balance will be below 365 at the end of a year in USD based. For this reason, I think it is necessary to look at the question asked from a longer-term perspective. Especially considering the fact that you will not accumulate a fixed amount of Bitcoin every day due to variable price movements, each price decrease will actually have a positive effect in the long-term process.
In this context, it is an unavoidable fact that after a few years, the total amount of savings will be more than the amount of year x 365 in USD based. Because, throughout the history of Bitcoin, it never lose the value in long-term period.