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

Price development of COVER

Investing $100 in COVER from Mar 2022 to Jun 2022 every 7 days ($1,400 in total) would result in $895.8 of value! Average price of $16.14 per 1COVER. -36.01


Summarised data regarding your investment.

3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
Value in crypto
86.752647 COVER


Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)COVER purchased with $100Profit/Loss %
3/26/2022$27.94$27.94$100$1003.579122 COVER0.00%
4/2/2022$30.96$29.37$200$210.83.230243 COVER+$5.40
4/9/2022$30.73$29.81$300$309.283.253673 COVER+$3.09
4/16/2022$27.88$29.31$400$380.593.586363 COVER-4.85%
4/23/2022$29.39$29.32$500$501.133.402772 COVER+$0.23
4/30/2022$28.96$29.26$600$593.823.453143 COVER-1.03%
5/7/2022$23.61$28.29$700$584.124.235576 COVER-16.55%
5/14/2022$10.49$23.34$800$359.439.536733 COVER-55.07%
5/21/2022$11.77$21.04$900$503.618.492740 COVER-44.04%
5/28/2022$11.55$19.44$1,000$594.078.656803 COVER-40.59%

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.

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)