DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for BlockWallet (BLANK) backtesting

Price development of BLANK

Investing $100 in BLANK from Jul 2022 to Oct 2022 every 7 days ($1,400 in total) would result in $1,267 of value! Average price of $0.05 per 1BLANK. -9.50

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$1,267
Value in crypto
26107.041375 BLANK
ROI

-9.50%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)BLANK purchased with $100Profit/Loss %
7/2/2022$0.05$0.05$100$1002,032.025 BLANK0.00%
7/9/2022$0.06$0.05$200$221.691,669.839 BLANK+$10.84
7/16/2022$0.06$0.06$300$319.231,688.59 BLANK+$6.41
7/23/2022$0.08$0.06$400$519.541,284.835 BLANK+$29.88
7/30/2022$0.07$0.06$500$588.051,367.746 BLANK+$17.61
8/6/2022$0.06$0.06$600$548.021,795.235 BLANK-8.66%
8/13/2022$0.05$0.06$700$605.481,946.32 BLANK-13.50%
8/20/2022$0.05$0.06$800$682.352,023.636 BLANK-14.71%
8/27/2022$0.05$0.06$900$761.642,086.986 BLANK-15.37%
9/3/2022$0.05$0.06$1,000$829.622,178.554 BLANK-17.04%

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)