Dollar-cost averaging (DCA) calculator for ICON (ICX) backtesting

Price development of ICX

Investing $100 in ICX from Jul 2021 to Oct 2021 every 7 days ($1,400 in total) would result in $2,100.6 of value! Average price of $1.34 per 1ICX. +50.04%!

Information

Summarised data regarding your investment.

Duration
3 months (91 days)
Total investment
$1,400 (14 investments)
Value in FIAT
$2,100.6
Value in crypto
1043.251575 ICX
ROI

+50.04%

Balance of your asset valuation

Estimate the development of your earnings over time

DateCoin priceAverage priceInvestmentFIAT Balance (usd)ICX purchased with $100Profit/Loss %
7/18/2021$0.79$0.79$100$100126.459 ICX0.00%
7/25/2021$0.81$0.8$200$201.91124.083 ICX+$0.95
8/1/2021$1.01$0.86$300$352.6999.150 ICX+$17.56
8/8/2021$1.13$0.91$400$493.8388.793 ICX+$23.46
8/15/2021$1.25$0.96$500$646.8280.188 ICX+$29.36
8/22/2021$1.41$1.02$600$831.3970.916 ICX+$38.56
8/29/2021$1.4$1.06$700$925.3271.438 ICX+$32.19
9/5/2021$1.65$1.11$800$1,188.9360.704 ICX+$48.62
9/12/2021$1.72$1.15$900$1,341.1858.149 ICX+$49.02
9/19/2021$1.92$1.2$1,000$1,601.0251.957 ICX+$60.10

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)