DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for Chain (XCN) backtesting

Price development of XCN

Investing $100 in XCN from Jul 2022 to Oct 2022 every 7 days ($1,300 in total) would result in $1,181.44 of value! Average price of $0.08 per 1XCN. -9.12

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,300 (13 investments)
Value in FIAT
$1,181.44
Value in crypto
15892.968690 XCN
ROI

-9.12%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)XCN purchased with $100Profit/Loss %
7/7/2022$0.09$0.09$100$1001,129.982 XCN0.00%
7/14/2022$0.09$0.09$200$206.591,060.074 XCN+$3.30
7/21/2022$0.09$0.09$300$297.781,107.322 XCN-0.74%
7/28/2022$0.1$0.09$400$415.51,045.14 XCN+$3.88
8/4/2022$0.09$0.09$500$481.571,138.058 XCN-3.69%
8/11/2022$0.09$0.09$600$591.21,115.748 XCN-1.47%
8/18/2022$0.08$0.09$700$651.481,196.115 XCN-6.93%
8/25/2022$0.08$0.09$800$757.561,185.045 XCN-5.31%
9/1/2022$0.08$0.09$900$839.131,214.609 XCN-6.76%
9/8/2022$0.07$0.09$1,000$825.641,404.573 XCN-17.44%

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)