DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for 0.5X Long Kyber Network (KNCHALF) backtesting

Price development of KNCHALF

Investing $100 in KNCHALF from Jul 2022 to Oct 2022 every 7 days ($600 in total) would result in $574.94 of value! Average price of $9,240.96 per 1KNCHALF. -4.18

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$600 (6 investments)
Value in FIAT
$574.94
Value in crypto
0.064928 KNCHALF
ROI

-4.18%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)KNCHALF purchased with $100Profit/Loss %
7/6/2022$8,577.67$8,577.67$100$1000.01165818 KNCHALF0.00%
7/28/2022$8,540.5$8,559.04$200$199.570.01170892 KNCHALF-0.22%
8/19/2022$9,811.4$8,939.39$300$329.260.01019223 KNCHALF+$9.75
8/30/2022$9,820.56$9,144.52$400$429.570.01018272 KNCHALF+$7.39
9/9/2022$10,107.97$9,322.23$500$542.140.00989318 KNCHALF+$8.43
9/19/2022$8,854.96$9,240.96$600$574.940.01129310 KNCHALF-4.18%

Dollar cost averaging

What is DCA?

Dollar cost averaging (DCA) is calmest investment strategy where person invests a fixed amount of money over given time intervals, such as after every paycheck or every week, without checking prices and stressing of pumps or dumps.

People choose this investment strategy when long term growth of an asset is foreseen (investopedia).

Source: investing in Bitcoin from January to May in 2021.

Timing

When should I start?

This is made to be simple and calm, remember? The rule of thumb here is - don't wait for any dips, just start. So, the simple answer is - now.

Even if price dumps in a meanwhile, historical data shows us that it will eventually rise (usually by a lot) which gives you a competetive adventage and lower average price.

Source: investing in Bitcoin whole 2020 Vs. only the second half of 2020

People saving $50 in Bitcoin per week, over the last three years turned $8,500 into $60,076

(source DCA calculator)