Dollar-cost averaging (DCA) calculator for Bit2Me (B2M) backtesting

Price development of B2M

Investing $100 in B2M from May 2022 to Aug 2022 every 7 days ($1,400 in total) would result in $1,298.05 of value! Average price of $0.01 per 1B2M. -7.28

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$1,298.05
Value in crypto
116260.463065 B2M
ROI

-7.28%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)B2M purchased with $100Profit/Loss %
5/8/2022$0.02$0.02$100$1004,592.001 B2M0.00%
5/15/2022$0.02$0.02$200$169.496,608.512 B2M-15.25%
5/22/2022$0.02$0.02$300$271.866,517.205 B2M-9.38%
5/29/2022$0.01$0.02$400$365.26,680.919 B2M-8.70%
6/5/2022$0.01$0.02$500$429.637,401.925 B2M-14.07%
6/12/2022$0.01$0.01$600$485.18,257.638 B2M-19.15%
6/19/2022$0.01$0.01$700$492.7710,198.878 B2M-29.60%
6/26/2022$0.01$0.01$800$630.929,466.111 B2M-21.14%
7/3/2022$0.01$0.01$900$742.989,288.501 B2M-17.45%
7/10/2022$0.01$0.01$1,000$802.959,817.396 B2M-19.70%

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)