Dollar-cost averaging (DCA) calculator for Ardana (DANA) backtesting

Price development of DANA

Investing $100 in DANA from Mar 2022 to Jun 2022 every 7 days ($1,400 in total) would result in $610.24 of value! Average price of $0.95 per 1DANA. -56.41

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$610.24
Value in crypto
1469.272065 DANA
ROI

-56.41%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)DANA purchased with $100Profit/Loss %
3/28/2022$2.23$2.23$100$10044.900171 DANA0.00%
4/4/2022$2.32$2.27$200$204.3543.027408 DANA+$2.17
4/11/2022$2.15$2.23$300$289.1346.491561 DANA-3.62%
4/18/2022$1.98$2.16$400$366.5350.432 DANA-8.37%
4/25/2022$1.75$2.07$500$423.4657.147 DANA-15.31%
5/2/2022$1.55$1.96$600$475.7764.400 DANA-20.71%
5/9/2022$1.49$1.87$700$557.3466.997 DANA-20.38%
5/16/2022$1.05$1.71$800$492.6795.092 DANA-38.42%
5/23/2022$0.93$1.56$900$537.3107.133 DANA-40.30%
5/30/2022$0.79$1.42$1,000$553.06127.051 DANA-44.69%

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)