Dollar-cost averaging (DCA) calculator for BitValley (BITV) backtesting
Price development of BITV
Investing $100 in BITV from May 2022 to Aug 2022 every 7 days ($1,400 in total) would result in $1,734.66 of value! Average price of $0 per 1BITV. +23.90%!
Information
Summarised data regarding your investment.
- Duration
- 3 months (91 days)
- Total investment
- $1,400 (14 investments)
- Value in FIAT
- $1,734.66
- Value in crypto
- 32123383.502579 BITV
- ROI
+23.90%
Balance of your asset valuation
Estimate the development of your earnings over time
| Date | Coin price | Average price | Investment | FIAT Balance (usd) | BITV purchased with $100 | Profit/Loss % |
|---|---|---|---|---|---|---|
| 5/16/2022 | $0 | $0 | $100 | $100 | 1,265,822.785 BITV | 0.00% |
| 5/23/2022 | $0 | $0 | $200 | $197.47 | 1,298,701.299 BITV | -1.27% |
| 5/30/2022 | $0 | $0 | $300 | $264.13 | 1,562,500 BITV | -11.96% |
| 6/6/2022 | $0 | $0 | $400 | $310.48 | 1,960,784.314 BITV | -22.38% |
| 6/13/2022 | $0 | $0 | $500 | $337.42 | 2,564,102.564 BITV | -32.52% |
| 6/20/2022 | $0 | $0 | $600 | $437.42 | 2,564,102.564 BITV | -27.10% |
| 6/27/2022 | $0 | $0 | $700 | $537.42 | 2,564,102.564 BITV | -23.23% |
| 7/4/2022 | $0 | $0 | $800 | $554.74 | 3,030,303.03 BITV | -30.66% |
| 7/11/2022 | $0 | $0 | $900 | $688.36 | 2,857,142.857 BITV | -23.52% |
| 7/18/2022 | $0 | $0 | $1,000 | $788.36 | 2,857,142.857 BITV | -21.16% |
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
