Dollar Cost Averaging with costavg.com include exchange fee - page 3.

DapanasFruit

member

Activity: 1204

Merit: 49

Binance #Smart World Global Token

Quote from: Text on October 25, 2023, 06:51:05 AM

Anyway, I agree that DCA is the most recommended strategy investment so far, that is what I commonly see when I engage or read some of the posts on trading and investment tips topics. I know it is not too late to try, maybe soon so I can test it on my end.

I have already heard many good things with using the DCA strategy though I have not yet applied it with my crypto investment portfolio. Maybe one thing that strikes me with DCA is the consistency that one must follow in order to get the results one is looking for on the long-term basis. Since most of us here are not on the millionaire's club level, DCA can offer the path towards financial freedom looking down the road. I am surely taking a good look at DCA and it can be applied to my situation as a small investor.

Catenaccio

full member

Activity: 392

Merit: 116

Quote from: Text on October 25, 2023, 06:51:05 AM

I just noticed the inconsistency of the date range if you follow the correct format.

Date range: 09/10/2021 - 10/25/2023

You say you started on 9 October 2021 or should it be 10 September 2021?

10/25/2023 is 25 October 2023

Thank you. I corrected it.

Text

hero member

Activity: 2352

Merit: 588

Bitcoin Casino Est. 2013

I just noticed the inconsistency of the date range if you follow the correct format.

Date range: 09/10/2021 - 10/25/2023

You say you started on 9 October 2021 or should it be 10 September 2021?

10/25/2023 is 25 October 2023

Anyway, I agree that DCA is the most recommended strategy investment so far, that is what I commonly see when I engage or read some of the posts on trading and investment tips topics. I know it is not too late to try, maybe soon so I can test it on my end.

Frankolala

hero member

Activity: 700

Merit: 523

Leading Crypto Sports Betting & Casino Platform

It has been confirmed by many investors that the DCA method of accumulating bitcoin is the best strategy to apply as a long term investors, that has the passion to keep on increasing his bitcoin portfolio with timeline.

DCA is easy and more convenience to accumulate bitcoin disregard the price of bitcoin at any given time. It is just like you are saving money in the bank and every month you save 10% of your income regularly for 4yrs and above because you want to use the compound funds to build a house. That is how DCA works but you put that 10% into bitcoin.

Before you know it your bitcoin investment portfolio will have increased directly proportion with the amount used and the timeline, and also with your profit. Lump sum will have good profit, if you bought at the bottom line and this is hard to know. You might lump sum and bitcoin price dips again, you will not be happy that you bought then. This is why DCA remains outstanding amongst the three methods to accumulate bitcoin.

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

That's nice website you found. Although for those who prefer not to store their coin on exchange, they should also consider withdraw fee which may significantly reduce the profit rate.

Quote from: EarnOnVictor on October 25, 2023, 05:52:31 AM

The DCA doesn't need too much lecture or the use of software or any third party. Going the extra mile to do it is part of how to measure the weakness of people as they often depend on external things for everything. Just divide your money into say 10 equal parts and invest at some prevailing time and price of the asset. This is what any primary school pupil could do with ease.

You're not exactly wrong, but website mentioned by OP also show change on each specific internal which shown on table and graph. It's much faster and convenient than doing it manually by yourself on Google Sheet or Microsoft Excel.

Yamane_Keto

sr. member

Activity: 406

Merit: 443

It is a trading strategy and the conditions for its use may differ from one user to another and from time to time. If I had $17,000 and I had the option to invest now and buy half a Bitcoin, or to invest 1k/month for 17 months, then inevitably investing $17,000 now and buying half a Bitcoin would achieve a higher return than the investment. This amount is spread over several months, and this text will vary completely according to the market situation.

DCA is an excellent strategy and achieves a good return on investment, but it is not the best strategy for all times.

EarnOnVictor

hero member

Activity: 644

Merit: 592

Leading Crypto Sports Betting & Casino Platform

The DCA doesn't need too much lecture or the use of software or any third party. Going the extra mile to do it is part of how to measure the weakness of people as they often depend on external things for everything. Just divide your money into say 10 equal parts and invest at some prevailing time and price of the asset. This is what any primary school pupil could do with ease.

The main goal is for an investor not to miss out on whether the price of an asset will be favourable or advantageous, such a person using the DCA will be able to average their risks of striking the asset through this approach.

Catenaccio

full member

Activity: 392

Merit: 116

Even a person like Robert T. Kiyosaki eventually sees that Dollar Cost Averaging is good for long term investment.

Here is his tweet.

Quote

Gold dropped $10 today. Silver 14 cents. This is where “Dollar Cost Averaging” pays off. Rather than pretend to be Warren Buffet picking bottoms I am an average investor “accumulating” the asset I want for the long term. I have been accumating gold, silver, BC and real estate for years. My first gold coin cost $50. Today that same coin is worth $2000. You can become rich by being an average investor, using dollar cost averaging to get rich. Take care.

I discovered a website for Dollar Cost Averaging and it has a box to enter Exchange fee too.
https://costavg.com/
Its has DCA calculator tool for some cryptocurrencies: Bitcoin, Ethereum, Litecoin, Monero and Cardano.

I used it with $50 weekly DCA, since 10 September 2021, a few weeks before Bitcoin made its all time high till 25 October 2023.
After about 4 years of $50 weekly DCA, you can accumulate 0.2 BTC. Impressive!

DCA gives profit as you can see from screenshots. You can type same inputs for DCA calculator and get a detailed table that I did not make a screenshot of it.

Topic: Dollar Cost Averaging with costavg.com include exchange fee - page 3. (Read 530 times)