DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for 1X Short XRP (XRPHEDGE) backtesting

Price development of XRPHEDGE

Investing $100 in XRPHEDGE from Jul 2022 to Oct 2022 every 7 days ($1,100 in total) would result in $745.38 of value! Average price of $61.71 per 1XRPHEDGE. -32.24

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,100 (11 investments)
Value in FIAT
$745.38
Value in crypto
17.825392 XRPHEDGE
ROI

-32.24%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)XRPHEDGE purchased with $100Profit/Loss %
7/7/2022$76.69$76.69$100$1001.303866 XRPHEDGE0.00%
7/15/2022$73.11$74.86$200$195.331.367750 XRPHEDGE-2.33%
7/22/2022$66.33$71.78$300$277.191.507727 XRPHEDGE-7.60%
7/29/2022$66.89$70.49$400$379.571.494893 XRPHEDGE-5.11%
8/8/2022$63.06$68.87$500$457.821.585791 XRPHEDGE-8.44%
8/19/2022$62.89$67.79$600$556.551.590197 XRPHEDGE-7.24%
8/31/2022$71.55$68.31$700$733.231.397624 XRPHEDGE+$4.75
9/8/2022$71.11$68.65$800$828.711.406306 XRPHEDGE+$3.59
9/16/2022$68.72$68.65$900$900.821.455286 XRPHEDGE+$0.09
9/23/2022$43.02$64.79$1,000$663.972.324500 XRPHEDGE-33.60%

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)