Dollar-cost averaging (DCA) calculator for Bankwupt (BANKWUPT) backtesting

Price development of BANKWUPT

Investing $100 in BANKWUPT from Mar 2022 to Jun 2022 every 7 days ($400 in total) would result in $380.31 of value! Average price of $0 per 1BANKWUPT. -4.92

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$400 (4 investments)
Value in FIAT
$380.31
Value in crypto
402874.188672 BANKWUPT
ROI

-4.92%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)BANKWUPT purchased with $100Profit/Loss %
3/29/2022$0$0$100$10098,231.827 BANKWUPT0.00%
4/6/2022$0$0$200$202.8595,510.984 BANKWUPT+$1.42
4/18/2022$0$0$300$287.74103,199.174 BANKWUPT-4.09%
5/27/2022$0$0$400$380.31105,932.203 BANKWUPT-4.92%

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)