Dollar-cost averaging (DCA) calculator for Concrete Codes (CONC) backtesting

Price development of CONC

Investing $100 in CONC from May 2022 to Aug 2022 every 7 days ($800 in total) would result in $730.34 of value! Average price of $0.06 per 1CONC. -8.71

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$800 (8 investments)
Value in FIAT
$730.34
Value in crypto
14185.858569 CONC
ROI

-8.71%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)CONC purchased with $100Profit/Loss %
5/9/2022$0.09$0.09$100$1001,144.361 CONC0.00%
5/16/2022$0.07$0.08$200$183.591,369.019 CONC-8.20%
5/31/2022$0.07$0.08$300$271.361,466.749 CONC-9.55%
6/13/2022$0.06$0.07$400$321.371,797.947 CONC-19.66%
6/25/2022$0.05$0.06$500$386.422,017.349 CONC-22.72%
7/10/2022$0.04$0.06$600$432.722,342.908 CONC-27.88%
7/18/2022$0.05$0.06$700$581.592,105.175 CONC-16.92%
8/7/2022$0.05$0.06$800$730.341,942.351 CONC-8.71%

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)