You can also add this site to DCA list of websites.
Thank you. I know there are many websites for Dollar Cost Averaging but I did not intend to list all of them here but anyway, I am thankful for the information.
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%.
I did not notice it because basically they are only tools to look backwards and only can be used to imagine what you can get if you apply DCA and with another assumption that Bitcoin will not change historic habit.
It's good to use these websites to have a quick overview but if you are accumlatng Bitcoin in DCA manner then always do calculations from your own pen and paper.
If you actually invest in Bitcoin, you will need to use some sites for Portfolio Trackers like
- Coingecko
- Coinmarketcap
- If you want open source?
I think that my point is to make sure that you do your own calculations, and sure there could be some reliance that the amount invested and the amount of BTC accumulated during that period of time would be in the ballpark of being correct,,,
I agree.
DCA saves time and headache but more important, it is more effectively than trading and other investment methods.