Dollar-cost averaging (DCA) calculator for Bxmi (BXMI) backtesting

Price development of BXMI

Investing $100 in BXMI from May 2022 to Aug 2022 every 7 days ($1,400 in total) would result in $1,221.12 of value! Average price of $0.63 per 1BXMI. -12.78

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$1,221.12
Value in crypto
2213.315972 BXMI
ROI

-12.78%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)BXMI purchased with $100Profit/Loss %
5/14/2022$0.64$0.64$100$100155.912 BXMI0.00%
5/21/2022$0.73$0.68$200$213.62137.219 BXMI+$6.81
5/28/2022$0.68$0.68$300$300.37146.292 BXMI+$0.12
6/4/2022$0.71$0.69$400$411.61141.018 BXMI+$2.90
6/11/2022$0.67$0.68$500$487.34149.852 BXMI-2.53%
6/18/2022$0.59$0.67$600$533.5168.464 BXMI-11.08%
6/25/2022$0.55$0.65$700$598.27180.377 BXMI-14.53%
7/2/2022$0.61$0.64$800$756.13164.469 BXMI-5.48%
7/9/2022$0.66$0.65$900$922.98151.110 BXMI+$2.55
7/16/2022$0.61$0.64$1,000$950.2164.046 BXMI-4.98%

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)