DCA Cryptocurrency

Dollar-cost averaging (DCA) calculator for Cover Protocol (COVER) backtesting

Price development of COVER

Investing $100 in COVER from Jul 2022 to Oct 2022 every 7 days ($1,400 in total) would result in $1,536.48 of value! Average price of $20 per 1COVER. +9.75%!

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$1,536.48
Value in crypto
70.002479 COVER
ROI

+9.75%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)COVER purchased with $100Profit/Loss %
7/2/2022$17.12$17.12$100$1005.840410 COVER0.00%
7/9/2022$17.74$17.42$200$203.585.638378 COVER+$1.79
7/16/2022$16.55$17.12$300$290.016.041125 COVER-3.33%
7/23/2022$16.1$16.86$400$382.126.210040 COVER-4.47%
7/30/2022$18.2$17.11$500$531.845.495049 COVER+$6.37
8/6/2022$22.4$17.81$600$754.724.463726 COVER+$25.79
8/13/2022$22.12$18.32$700$845.324.520029 COVER+$20.76
8/20/2022$19.5$18.46$800$845.045.128412 COVER+$5.63
8/27/2022$22.03$18.8$900$1,054.574.539955 COVER+$17.17
9/3/2022$22.25$19.09$1,000$1,165.094.495125 COVER+$16.51

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)