Dollar-cost averaging (DCA) calculator for BitcoMine (BME) backtesting
Price development of BME
Investing $100 in BME from May 2022 to Aug 2022 every 7 days ($1,300 in total) would result in $0 of loss! Average price of $NaN per 1BME. -100.00
Summarised data regarding your investment.
- 3 months (91 days)
- Total investment
- $1,300 (13 investments)
- Value in FIAT
- Value in crypto
- 0.000000 BME
Balance of your asset valuation
Estimate the development of your earnings over time
|Date||Coin price||Average price||Investment||FIAT Balance (usd)||BME purchased with $100||Profit/Loss %|
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.
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.
People saving $50 in Bitcoin per week, over the last three years turned $8,500 into $60,076(source DCA calculator)