Dollar-cost averaging (DCA) calculator for Betherchip (BEC) backtesting

Price development of BEC

Investing $100 in BEC from May 2022 to Aug 2022 every 7 days ($1,400 in total) would result in $1,314 of value! Average price of $0 per 1BEC. -6.14

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$1,314
Value in crypto
491399.035795 BEC
ROI

-6.14%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)BEC purchased with $100Profit/Loss %
5/16/2022$0$0$100$10024,594.196 BEC0.00%
5/23/2022$0$0$200$189.6727,427.318 BEC-5.17%
5/30/2022$0$0$300$299.426,089.225 BEC-0.20%
6/6/2022$0$0$400$357.4530,339.806 BEC-10.64%
6/13/2022$0$0$500$450.430,950.17 BEC-9.92%
6/20/2022$0$0$600$413.5144,464.206 BEC-31.08%
6/27/2022$0$0$700$526.243,140.638 BEC-24.83%
7/4/2022$0$0$800$582.1647,080.979 BEC-27.23%
7/11/2022$0$0$900$785.2240,000 BEC-12.75%
7/18/2022$0$0$1,000$950.5536,927.622 BEC-4.95%

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)