Dollar-cost averaging (DCA) calculator for 8Pay (8PAY) backtesting

Price development of 8PAY

Investing $100 in 8PAY from Apr 2022 to Jul 2022 every 7 days ($1,400 in total) would result in $845.48 of value! Average price of $0.01 per 18PAY. -39.61

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$845.48
Value in crypto
104600.037812 8PAY
ROI

-39.61%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)8PAY purchased with $100Profit/Loss %
4/7/2022$0.03$0.03$100$1003,305.02 8PAY0.00%
4/14/2022$0.03$0.03$200$187.93,760.105 8PAY-6.05%
4/21/2022$0.03$0.03$300$302.753,484.685 8PAY+$0.92
4/28/2022$0.03$0.03$400$448.723,025.261 8PAY+$12.18
5/5/2022$0.03$0.03$500$442.273,966.208 8PAY-11.55%
5/12/2022$0.01$0.02$600$334.867,468.818 8PAY-44.19%
5/19/2022$0.01$0.02$700$420.187,811.279 8PAY-39.97%
5/26/2022$0.02$0.02$800$754.525,014.542 8PAY-5.69%
6/2/2022$0.01$0.02$900$602.547,528.987 8PAY-33.05%
6/9/2022$0.01$0.02$1,000$576.69,518.37 8PAY-42.34%

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)