Dollar-cost averaging (DCA) calculator for Gala (GALA) backtesting

Price development of GALA

Investing $100 in GALA from Feb 2022 to May 2022 every 7 days ($1,300 in total) would result in $488.89 of value! Average price of $0.18 per 1GALA. -62.39

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,300 (13 investments)
Value in FIAT
$488.89
Value in crypto
7107.040611 GALA
ROI

-62.39%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)GALA purchased with $100Profit/Loss %
2/18/2022$0.3$0.3$100$100332.293 GALA0.00%
2/25/2022$0.23$0.26$200$175.73438.800 GALA-12.14%
3/4/2022$0.24$0.25$300$287.92410.337 GALA-4.03%
3/11/2022$0.22$0.24$400$356.61460.403 GALA-10.85%
3/18/2022$0.23$0.24$500$473.96439.041 GALA-5.21%
3/25/2022$0.25$0.24$600$625.26396.160 GALA+$4.21
4/1/2022$0.25$0.24$700$729.31393.612 GALA+$4.19
4/8/2022$0.23$0.24$800$756.12437.518 GALA-5.48%
4/15/2022$0.2$0.24$900$754.73505.275 GALA-16.14%
4/22/2022$0.19$0.23$1,000$822.3527.955 GALA-17.77%

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)