DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for 3X Long PAX Gold Token (PAXGBULL) backtesting

Price development of PAXGBULL

Investing $100 in PAXGBULL from Jul 2022 to Oct 2022 every 7 days ($1,300 in total) would result in $1,171.22 of value! Average price of $3,357.51 per 1PAXGBULL. -9.91

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,300 (13 investments)
Value in FIAT
$1,171.22
Value in crypto
0.387192 PAXGBULL
ROI

-9.91%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)PAXGBULL purchased with $100Profit/Loss %
7/7/2022$3,478$3,478$100$1000.02875216 PAXGBULL0.00%
7/14/2022$3,412$3,444.68$200$198.10.02930832 PAXGBULL-0.95%
7/21/2022$3,293.61$3,392.81$300$291.230.03036180 PAXGBULL-2.92%
7/28/2022$3,443.03$3,405.23$400$404.440.02904422 PAXGBULL+$1.11
8/4/2022$3,597.4$3,442$500$522.570.02779788 PAXGBULL+$4.51
8/11/2022$3,791$3,495.63$600$650.70.02637826 PAXGBULL+$8.45
8/18/2022$3,650$3,516.88$700$726.50.02739726 PAXGBULL+$3.79
8/25/2022$3,597.88$3,526.81$800$816.120.02779416 PAXGBULL+$2.02
9/1/2022$3,297$3,499.7$900$847.870.03033060 PAXGBULL-5.79%
9/10/2022$3,299.98$3,478.65$1,000$948.640.03030321 PAXGBULL-5.14%

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)