DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for Bitget (BGB) backtesting

Price development of BGB

Investing $100 in BGB from Jun 2022 to Sep 2022 every 7 days ($1,400 in total) would result in $1,740.79 of value! Average price of $0.16 per 1BGB. +24.34%!

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$1,740.79
Value in crypto
9003.135604 BGB
ROI

+24.34%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)BGB purchased with $100Profit/Loss %
6/27/2022$0.14$0.14$100$100721.469 BGB0.00%
7/4/2022$0.14$0.14$200$198.57731.930 BGB-0.72%
7/11/2022$0.15$0.14$300$317.77667.396 BGB+$5.92
7/18/2022$0.15$0.14$400$418.66665.526 BGB+$4.67
7/25/2022$0.15$0.15$500$521.9660.428 BGB+$4.38
8/1/2022$0.15$0.15$600$619.69663.236 BGB+$3.28
8/8/2022$0.16$0.15$700$772.62611.045 BGB+$10.37
8/15/2022$0.17$0.15$800$889.61597.897 BGB+$11.20
8/22/2022$0.15$0.15$900$915.01652.622 BGB+$1.67
8/29/2022$0.15$0.15$1,000$974.8682.617 BGB-2.52%

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)