Dollar-cost averaging (DCA) calculator for Birake (BIR) backtesting
Price development of BIR
Investing $100 in BIR from Apr 2022 to Jul 2022 every 7 days ($1,400 in total) would result in $977.42 of value! Average price of $0.1 per 1BIR. -30.18
Information
Summarised data regarding your investment.
- Duration
- 3 months (91 days)
- Total investment
- $1,400 (14 investments)
- Value in FIAT
- $977.42
- Value in crypto
- 13973.054430 BIR
- ROI
-30.18%
Balance of your asset valuation
Estimate the development of your earnings over time
| Date | Coin price | Average price | Investment | FIAT Balance (usd) | BIR purchased with $100 | Profit/Loss % |
|---|---|---|---|---|---|---|
| 4/7/2022 | $0.13 | $0.13 | $100 | $100 | 744.491 BIR | 0.00% |
| 4/14/2022 | $0.13 | $0.13 | $200 | $194.75 | 785.713 BIR | -2.63% |
| 4/21/2022 | $0.13 | $0.13 | $300 | $295.56 | 782.466 BIR | -1.48% |
| 4/28/2022 | $0.14 | $0.13 | $400 | $417.49 | 728.412 BIR | +$4.37 |
| 5/5/2022 | $0.14 | $0.13 | $500 | $518.95 | 725.890 BIR | +$3.79 |
| 5/12/2022 | $0.11 | $0.13 | $600 | $502.84 | 935.095 BIR | -16.19% |
| 5/19/2022 | $0.11 | $0.12 | $700 | $600.97 | 938.597 BIR | -14.15% |
| 5/26/2022 | $0.11 | $0.12 | $800 | $716.91 | 914.336 BIR | -10.39% |
| 6/2/2022 | $0.11 | $0.12 | $900 | $813.08 | 919.253 BIR | -9.66% |
| 6/9/2022 | $0.11 | $0.12 | $1,000 | $958.69 | 870.421 BIR | -4.13% |
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)Real examples
Annual return dollar cost averaging $50 a week
