Well I don't know how you came up with that figure
I didn't come up with that figure rather it's the
https://dcacryptocalculator.com/ that give results of investing 100$ per week for last five years starting from Oct 30, 2019.
but I gave you the link provided by JJG some weeks ago but perhaps you chose your own website which I don't know how you get to that figure.
I was not aware of
https://dcacryptocalculator.com/ until Dec 2023 when JJG introduce me to that site along with another one.
... but I do use that DCAbtc.com website on a regular basis, and I have found that I have to perform some of the calculations manually in order to get the correct results. There are some other DCA calculating websites out there too.. such as
https://dcacryptocalculator.com/bitcoin and
https://costavg.com/I have done some R&D on these three sites and here are my findings. You can also check and post your findings whether it's correct or not.
Results from
dcacryptocalculator and
costavg converge and give more detail of DCA then
dcabtc. For instance if you want to calculate DCA results of investing 100 dollars into Bitcoin every week for last 3 years or from Dec 25, 2020 to Dec 25, 2023 then
dcacryptocalculator shows that you have ROI of +44.10% and
costavg shows that you have ROI of +42% while
dcabtc says you have a loss of 20%.
That confused me too, and it appears, that Samlucky O has a mistake in his link and it is ONLY going back 4 years rather than 5.. the starting date for Samlucky O shows as 9/28/2020 instead of what it should show a starting date as of 10/30/2019... so yeah, the real amount is closer to more than 1.2 BTC accumulated rather than ONLY 0.6663 BTC accumulated.
I tried all three sites for what should be number of Bitcoins accumulated if you are investing 100$ per week for last five years starting from 2019.
https://dcabtc.com/ 1.21 Bitcoins
https://costavg.com/ 1.22 Bitcoins
https://dcacryptocalculator.com/ 1.23 Bitcoins
All three sites have consent that for your 26k$ invested in last five years, Current value of your BTC will be over 80k$. So it's a huge bonus for someone who is investing 100$ weekly for last five years.
The various websites do not tend to get the number of bitcoin wrong, so they tend to be pretty close to one another, as you have shown, yet sometimes they do not calculate the BTC spot price value of your BTC holdings correctly, so sometimes it is good to manually verify.. and also sometimes we have to double check the dates, since Samlucky O's earlier version did end up having a mistake in the date, and he was saying that it was for 5 years, yet the date in the search bar and the results ended up being for 4 years rather than for 5 years.
Sometimes, the difference end up being quite great, so sometimes it is worth it to verify the results so that we might not misstate the points that we might be trying to make, whether we are engaged in historical analysis or if we might be trying to project into the future, and for sure if we are projecting into the future, we can ONLY attempt to do our best, since we don't know the actual prices in the future as we would be able to find out for the past... we also are likely to be dealing with several uncertainties in regards to our own income/expenses/discretionary income and even various factors underlying how we get to those numbers. since the facts are likely to continue to change, and sometimes in very unexpected ways... yet we still should attempt to try our best in terms of attempting to figure out most likely scenario and then various extremes on either end.. and even if we might try to prepare for both the base case scenario and the extremes at the same time, we should attempt to moderate our approach so that it becomes less and less and less likely that we end up getting reckt, even if there might be some scenarios that are more advantageous for our own situation.
Even if we forward project out, we still could end up making mistakes and have to change our trajectory and our assumptions in order to account for changes in the facts that might allow for changes that go in either direction and perhaps sometimes in both directions.
Both ways, is it a very fatal mistake. It is very regrettable if investors who have gone through the first year's accumulation successfully and the second year becomes more messy because they want to increase the adjustment of the increase in accumulation in the second year in their investment planning. My assumption is that if an investor fails to save expenses and is not supported by increasing income, then their investment becomes more chaotic if they choose to increase the cash flow of purchases to be greater. That could make them make mistakes if the emergency fund is unable to cover the costs of expenses in the second year.
Maybe it's true sir, if it is not supported by increasing income, of course the accumulation of bitcoin does not have to be adjusted to the new plan. or he uses the initial pattern in the first year by following up in the second year, of course that's better. The reason might be to avoid mistakes if that's what has to be done. I also think if one day we lose our permanent job, maybe it's 6 months, is the plan at that time what should be done, while the adjustment of expenses increases because many costs must be considered when we lose our jobs.
On the one hand, is take short-range profits for a while the best step, while we still maintain our btc ownership.
There are a lot of differences in the kinds of mistakes that we make, and hopefully we are not making mistakes that end up causing us to either have to sell our BTC or that we are not being sufficiently grounded in reality, so in several senses our needs to adjust our strategy on a regular basis might have to do with our learning how to get used to attempting to make realistic projections that are grounded on pieces of information that we are more likely to know, especially related to our income, employability and likelihood to be left without income, and so the more precarious our own life situation (including income and expenses and perhaps other uncertainties in our life), then the more kinds of back up funds that we likely need involving our emergency funds, reserve funds and float and the less justified we are in terms of aggressively investing into bitcoin.
We are also in the best position to attempt to figure out whether we might want to try to get more income sources, build our job/income generating skills, figure out ways to find an income generating partner (such as spouse), or to cut various expenses (whether individual, family or business related).
The longer that we are in bitcoin, then it seems that the better we should get at making sure that we don't put ourselves in a position that we would have to sell any (or all) of our bitcoin at a time that is not completely of our own choosing, which I would suggest to be more like 10 or more years down the road rather than in our first cycle or two of accumulating (and building) our BTC holdings.
We should internalize (for our own understanding of taking responsibility for our own finances), and we only have ourselves to blame if we make mistakes, so the longer that we are in bitcoin, the more we should learn how to either not make mistakes or to make mistakes at such a level that none of the mistakes end up causing us to sell any of our BTC at a time that is not completely at our own choosing... .. and yeah, it is up to us to create situations in which make sure that our mistakes our contained within limits that are within our own tolerance, and some guys would actually consider it O.k. to sell some or all of their BTC, which I would personally find unacceptable to end up in that level of mistake. So, we each have to figure out these matters, and hopefully get better and better and better... including hopefully making sure that we are able to increase our disposable income so we can buy more bitcoin with the passage of time.
Yet if we are not in such a situation in which our disposable income is increasing on a regular basis and into the future, then we have to make sure that we are basing our projections on actual facts rather than making up unrealistic projections of facts that have little to no chance of actually playing out... If we make unrealistic projections in regards to our own circumstances and even about knowables, then we are more and more likely to find ourselves in emergency situations because of our lack of being able to be realistic in our planning...,and we have no one to blame but ourselves for failing and/or refusing to be realistic in our projections and/or in our from time to time adjustments of our projections.
Different strategies work for different people, some use DCA, and there are those who buy during DIPs. Those who buy during dips are likely to be checking the price of bitcoin frequently, looking for those moments when the price drops to make their purchases.
It's the size of your bitcoin portfolio and how long you have being accumulating bitcoin, that will determine the strategy that will best be used. A new investor that just started his bitcoin journey will need to use DCA method, so that he can continue buying regularly every week with part of his discretionary income for 4-10 years and above. This will enable him have the opportunity to increase his bitcoin size slow and steady with consistent and persistent buying overtime. If you have extra funds, it's good you lump sum for rapid growth.
However, if you have reached 60% of your bitcoin target, if you adopt buying the dip method to buy good quantity of bitcoin when the price dips. You can wait for the dip and prepare for it, because waiting is no longer a waste of time since your bitcoin size will not increase that much with DCA and you will be buying when the price of bitcoin is high. If you wait and buy at the dip, you will have ths opportunity to increase your bitcoin stash significantly.
Thats not all. I think it is based on the financially level of the investor, risk management and the duration/longevity of the investment that will determine what strategy best suit their goals. A newbie with a little knowledge can practically lump sum if he has the amount, he can choose to buy on dip even if it is not advised to time the market and he may also choose to dca. We may consider lump sum as a beginner to be an aggressive approach. It all depends if the said investor has more than enough to lump sum and still have enough for his daily live.
A beginner either has a lump sum that can be invested or he does not. If he has the lump sum, then he can choose how much of the lump sum to invest right away and/or whether he should allocate some of the lump sum amount towards buying on the dip and/or DCA. Of course, if he has a regular income too, then from his income he can choose to DCA from that income, including whether he wants to hold back some of his income for buying on the dip.
No matter what, he should only be investing from his discretionary income, so within his discretionary income he can choose whether to be aggressive, whimpy or somewhere in the middle... and it seems that the less that he has for various back up funds, then he would be running risks if he chooses to be aggressive, even if he had not figured out and/or established his various back up funds (including considering how much emergency funds he already has or if he might want to build up his emergency funds more.. to at least cover 3 months of expenses).
