Dollar-cost averaging (DCA) calculator for Chonk (CHONK) backtesting
Price development of CHONK
Investing $100 in CHONK from May 2022 to Aug 2022 every 7 days ($600 in total) would result in $672.56 of value! Average price of $1.61 per 1CHONK. +12.09%!
Summarised data regarding your investment.
- 3 months (91 days)
- Total investment
- $600 (6 investments)
- Value in FIAT
- Value in crypto
- 373.486693 CHONK
Balance of your asset valuation
Estimate the development of your earnings over time
|Date||Coin price||Average price||Investment||FIAT Balance (usd)||CHONK purchased with $100||Profit/Loss %|
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.
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.
People saving $50 in Bitcoin per week, over the last three years turned $8,500 into $60,076(source DCA calculator)