DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for Bitmic (BMIC) backtesting

Price development of BMIC

Investing $100 in BMIC from Jul 2022 to Oct 2022 every 7 days ($1,400 in total) would result in $751.65 of value! Average price of $1.35 per 1BMIC. -46.31

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$751.65
Value in crypto
1038.351693 BMIC
ROI

-46.31%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)BMIC purchased with $100Profit/Loss %
7/7/2022$1.75$1.75$100$10057.160 BMIC0.00%
7/14/2022$1.54$1.64$200$188.0364.935 BMIC-5.98%
7/21/2022$1.79$1.69$300$318.7755.809 BMIC+$6.26
7/28/2022$1.74$1.7$400$409.3757.505 BMIC+$2.34
8/4/2022$1.8$1.72$500$522.6755.696 BMIC+$4.53
8/11/2022$1.86$1.74$600$642.1753.692 BMIC+$7.03
8/18/2022$2.29$1.8$700$891.1443.582461 BMIC+$27.31
8/25/2022$3.28$1.91$800$1,374.6930.468586 BMIC+$71.84
9/1/2022$1.15$1.78$900$580.9887.083 BMIC-35.45%
9/8/2022$1.4$1.73$1,000$809.4971.309 BMIC-19.05%

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)